SharpLink Gaming Ltd. Q4 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

  • Revenues: Increased to $4.15 million in FY 2021, up 82% from $2.28 million in FY 2020.
  • Revenue Breakdown:
    • US Affiliate Marketing (C4 Tech): $210K
    • International Affiliate Marketing (FourCubed): Not reflected in 2021 – acquisition closed Dec 31, 2021
    • Sports Gaming Client Services: $2.4 million
    • Legacy Mer Telemanagement Systems: $1.52 million
  • Net Loss: $55.66 million in 2021, compared to $1.14 million in 2020, largely due to $48.95 million in non-cash merger-related expenses.
  • Operating Expenses: $55.93 million in 2021 (including non-cash). Operating expenses excluding non-cash were approximately $7 million, compared to $1.43 million in 2020.
  • Cash Position: $6.76 million in cash and $1.03 million in restricted cash as of Dec 31, 2021, up from $2.5 million year-over-year.
  • Total Shareholders’ Equity: Increased to $14.19 million in 2021 from $1.36 million in 2020.
  • Financing Activities:
    • $15.69 million raised in 2021
    • Secured a $3.25 million five-year term loan at 4% interest post-2021

Strategic Initiatives and Operations

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Operator: Good morning, everyone, and thank you for participating on today's conference call and webcast. Joining us today from SharpLink Gaming is Co-Founder and Chief Executive Officer, Rob Phythian; CFO, Brian Bennett; and Dodi Handy, Director of Communications. Before I turn the floor over to them, I remind you that during today's call, statements that are not historical facts, including any projections, statements regarding future events or future financial performance or statements of intent or belief are forward-looking statements and are covered by the Safe Harbor disclaimers contained in the company's public filings with the SEC. Actual outcomes and results may differ materially from what is expressed in or implied by these forward-looking statements. With that said, I'll now turn the call over to Dodi. The floor is yours. Dodi Handy: And thank you, Karen, and good morning to everyone who's taken your valuable time to listen in today. Before we launch into our discussion, I'd first like to formally welcome both Rob and Brian to our call. So good morning, Rob. Rob Phythian: Hi, Dodi, and hello to everyone joining by way of the webcast. We're happy you're here and really appreciate your interest in and support of SharpLink Gaming. Dodi Handy: Great. And also with us is Mr. Brian Bennett. Hello, Brian? Brian Bennett: Good morning, Dodi. I do want to thank everybody for participating in today's call, and I look forward to sharing some key insights into several important

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