VANCOUVER, BC, July 10, 2023 /CNW/ -- GameOn (CSE: GET) (OTCQB: GMETF), a next generation fantasy sports platform partnered with the world's best sports leagues to launch, operate, and monetize web3 games, today announces that it has filed its interim unaudited financial statements for Q1 2023.
Q1 '23 was our best quarter yet. During the bear of 2022 we've become lean, optimized resources, & focused on cash flow.
Q1 financial highlights include:
Revenue of $472,188 compared to $207,151 in 2022 (148% increase year-on-year).
Net loss and comprehensive loss of $389,669 compared to $1,089,694 in 2022 (64% decrease year-on-year).
Net cash outflows from operations of $101,393 compared to $819,475 in 2022 (87% decrease year-on-year).
"We've kicked off 2023 with our best quarter yet," said GameOn CEO Matt Bailey. "During the bear trend of 2022 we've become lean, optimized resources, and focused on cash flow. We're now bearing the fruits of that labor with our fundamentals clearly headed in the right direction."
Q1 business highlights include:
Karateka, in partnership with Karate Combat, has sold out three consecutive sales windows, minting 5,000+ collectibles (Karatekas and gear packs). 1,000+ Dojo accounts with wallets (or 'lockers') have been created, with a following of 8,000+ across social media, email, and Discord.
Secured non-dilutive grant funding from prominent blockchain Hedera.
Secured $1.81 million in funding led by Lightning Capital and Flow, the blockchain platform started by NBA Top Shot maker Dapper Labs. The funds will be used to accelerate GameOn's PLAYN3XT platform and acquisition of major league IP partners.
Filed and announced 2022 audited financial statements, recording record numbers.
"We're doubling down on our PLAYN3XT focus and major league strategy," said Bailey. "We expect continued forward progression in the months and quarters to come."
See SEDAR for full copies of the Company's consolidated financial statements and MD&A.
不列颠哥伦比亚省温哥华，2023 年 7 月 10 日 /CNW/ — GameOn（CSE: GET）（OTCQB: GMETF）是一家与世界上最好的体育联盟合作推出、运营Web3游戏并实现盈利的下一代梦幻体育平台，该公司今天宣布已提交2023年第一季度未经审计的中期财务报表。
23年第一季度是我们迄今为止最好的季度。在 2022 年的熊市时期，我们变得精简、优化了资源，并专注于现金流。
第一季度财务亮点包括：
收入为472,188美元，而2022年的收入为207,151美元（同比增长148％）。
净亏损和综合亏损为389,669美元，而2022年为1,089,694美元（同比下降64％）。
运营净现金流出量为101,393美元，而2022年为819,475美元（同比下降87％）。
GameOn首席执行官马特·贝利说：“我们已经以迄今为止最好的季度拉开了2023年的序幕。”“在 2022 年的熊市趋势中，我们已经变得精简、资源优化，专注于现金流。我们现在正在承受这项劳动的成果，我们的基本面显然朝着正确的方向发展。”
第一季度业务亮点包括：
空手道，与 空手道大战，已经连续三个销售窗口售罄，铸造了5,000多个收藏品（空手道和装备包）。已经创建了1,000多个带有钱包（或 “储物柜”）的Dojo账户，在社交媒体、电子邮件和Discord上有8,000多名关注者。
从著名区块链获得非稀释性赠款资金 Hedera。
获得了 181 万美元的资金 资金 由Lightning Capital和Flow领导的区块链平台由NBA Top Shot制造商Dapper Labs创立。这笔资金将用于加速 GameOn 的 PLAYN3XT 平台和对美国职业棒球大联盟知识产权合作伙伴的收购。
提交并公布 2022 年经审计的财务报表，记录了创纪录的数字。
贝利说：“我们正在加倍努力 PLAYN3XT 的重点和美国职业棒球大联盟的战略。”“我们预计，在未来几个月和几个季度中，我们将继续向前迈进。”
有关公司合并财务报表和MD&A的完整副本，请访问SEDAR。
