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FansUnite Entertainment, Inc. (FUNFF)
:FUNFF
Earnings Data
Report Date
May 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 27, 2024
|% Change Since: 0.00%
|Next Earnings Date:May 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with notable revenue growth and operational expansion, especially in the new and existing markets. However, some financial challenges were noted, such as decreased gross margins and increased liabilities, which the company is focusing on addressing.Company Guidance
During FansUnite's Q1 2024 earnings call, the company reported a 14% increase in revenue, reaching $8.3 million, compared to $7.3 million in Q1 2023, largely driven by capitalizing on major events like the Super Bowl and March Madness, as well as the successful launch of regulated sports betting in North Carolina, contributing over $450,000. Research revenue surged to $451,000 from $46,000 the previous year. Despite a slight decline in gross margin to 63% from 65%, the net loss from continuing operations decreased to $3.9 million from $4.4 million, aided by reduced noncash expenses. Total assets decreased to $55.6 million, with liabilities increasing to $28.2 million. The cash position fell by $846,000 to $1.4 million, attributed to debt repayment and earn-out considerations. The company highlighted its strategic focus on customer acquisition, operational efficiency, and managing liabilities, with Betting Hero showing notable revenue growth, and Props.com achieving significant performance improvements in both sports betting and fantasy sweepstakes markets.Revenue Growth
Revenue increased to $8.3 million in Q1 2024 compared to $7.3 million in Q1 2023, driven by major sporting events and the launch of regulated sports betting in North Carolina contributing over $450,000.
Research Segment Expansion
Research revenue grew substantially, contributing $451,000 in Q1 2024 compared to $46,000 in Q1 2023, through new recurring research engagements and bespoke research reports.
Improved Net Loss
Net loss from continuing operations decreased to $3.9 million in Q1 2024 from $4.4 million in Q1 2023, due to increased revenue and reduced noncash expenses.
Operational Growth
Successful launch and growth in new states such as North Carolina. Betting Hero continues to be a leader in live activation, with new contracts and significant growth in its research arm.
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FUNFF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FUNFF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 14, 2024 | $0.05 | $0.05 | 0.00% |
| May 15, 2024 | $0.03 | $0.03 | 0.00% |
| Apr 01, 2024 | $0.03 | $0.03 | 0.00% |
| Nov 14, 2023 | $0.04 | $0.04 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FansUnite Entertainment, Inc. (FUNFF) report earnings?
FansUnite Entertainment, Inc. (FUNFF) is schdueled to report earning on May 05, 2025, TBA Not Confirmed.
What is FansUnite Entertainment, Inc. (FUNFF) earnings time?
FansUnite Entertainment, Inc. (FUNFF) earnings time is at May 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FUNFF EPS forecast?
Currently, no data Available
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