FansUnite Entertainment, Inc. (TSE:FANS) has released an update.
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FansUnite Entertainment Inc. reported a modest revenue growth, with a total of $23.72 million for Fiscal 2023, marking a 3% increase from the previous year, alongside a notable improvement in gross margin to 63%. The company also highlighted strategic steps towards becoming cash flow positive, including asset sales for anticipated annual savings of $7.8 million and a successful private placement raising $3.04 million. These efforts, coupled with several nominations at the 2023 EGR North America Awards, position FansUnite for a promising growth outlook.
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