SharpLink Gaming .(SBET)

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SharpLink Gaming .(SBET) - 2023 Q2 - Quarterly Report
2023-08-14 20:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 000-28950 SHARPLINK GAMING LTD. (Exact name of registrant as specified in its charter) Israel 98-1657258 (State or ...
SharpLink Gaming .(SBET) - 2023 Q1 - Earnings Call Transcript
2023-05-16 17:15
Financial Data and Key Metrics Changes - In Q1 2023, revenue increased by 79% to $3.39 million from $1.9 million in Q1 2022, primarily due to contributions from the SportsHub Gaming network acquisition [11] - Gross profit rose by 114% to $1.34 million, with gross profit margin improving to 40% from 33% [12] - Net loss decreased by 60% to $2.82 million, or $1 per share, compared to a net loss of $7.04 million, or $2.99 per share, in the previous year [16] Business Line Data and Key Metrics Changes - The newly merged SportsHub/Fantasy Sports group contributed $1.4 million in Q1 2023, compared to $0 in the prior year [11] - Revenue from Sports Gaming Client Services increased by 17% to $1.05 million from $911,000 [11] - Affiliate Marketing international business group revenues rose by 9% to $1.01 million, while U.S. segment revenues surged by 355% to $280,000 [15] Market Data and Key Metrics Changes - The overall sports betting industry has seen stock price depreciation of approximately 61%, with a mean loss of over 82% [27] - SharpLink is currently trading at a sales multiple under 1x, significantly below the industry mean of over 1.5x [31] Company Strategy and Development Direction - The company emphasizes the importance of utilizing technology, such as C4 conversion technology, to enhance player engagement and conversion rates [22] - There is a focus on leveraging free-to-play games to convert sports fans into bettors, which is seen as a fundamental component of SharpLink's business model [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by macroeconomic conditions affecting market performance but remains committed to delivering tangible results [40] - The company believes it is well-positioned for potential dynamic growth in the coming quarters [33] Other Important Information - The company successfully cured its NASDAQ deficiency and will continue trading without suspension [37] - An upcoming Annual General Meeting is scheduled for May 25, where shareholders will vote on several important proposals [24] Q&A Session Summary Question: Why was the reverse stock split implemented immediately? - Management was informed by NASDAQ that the company did not qualify for an extension, necessitating the reverse stock split to regain compliance [20] Question: What are the common themes from the SBC Summit? - The summit highlighted the industry's shift towards technology-enabled solutions for player acquisition and conversion, with a focus on free-to-play games [28] Question: Why has the stock value declined significantly? - The decline is attributed to broader market conditions affecting the sports betting industry, but management believes the market will correct as performance improves [38]
SharpLink Gaming .(SBET) - 2023 Q1 - Quarterly Report
2023-05-16 15:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to ________ Commission file number: 000-28950 SHARPLINK GAMING LTD. (Exact name of registrant as specified in its charter) Israel 98-1657258 (State or ...
SharpLink Gaming .(SBET) - 2022 Q4 - Earnings Call Transcript
2023-04-06 01:06
SharpLink Gaming Ltd (NASDAQ:SBET) Q4 2022 Earnings Conference Call April 5, 2023 4:30 PM ET Dodi Handy - Director, Communications Rob Phythian - Co-Founder, President and Chief Executive Officer Robert DeLucia - Chief Financial Officer Good afternoon, everyone, and thank you for participating in SharpLink's Webcast. Dodi Handy Great. Thanks for that update. Okay. So moving on, our next question relates to the development of our proprietary C4 tech solutions. Where does this stand and how do you see C4 help ...
SharpLink Gaming .(SBET) - 2022 Q4 - Annual Report
2023-04-05 01:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) For the transition period from _______ to ________ Commission file number: 000-1025561 SHARPLINK GAMING LTD. ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Registrant's telephone number, ...
SharpLink Gaming .(SBET) - 2022 Q3 - Quarterly Report
2022-10-07 20:40
EXHIBIT 99.1 SHARPLINK GAMING LTD. (FORMERLY KNOWN AS MER TELEMANAGEMENT SOLUTIONS LTD.) AND ITS SUBSIDIARIES INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2022 UNAUDITED INDEX | | Page | | --- | --- | | Condensed Consolidated Balance Sheets | 2 | | Condensed Consolidated Statements of Operations | 3 | | Condensed Consolidated Statements of Changes in Shareholders' Equity | 4 | | Condensed Consolidated Statements of Cash Flows | 5 | | Notes to Condensed Consolidated Financial Statements | 6 | 1 S ...
SharpLink Gaming .(SBET) - 2021 Q4 - Earnings Call Transcript
2022-05-17 18:11
SharpLink Gaming Ltd (NASDAQ:SBET) Q4 2021 Earnings Conference Call May 17, 2022 11:30 AM ET Company Participants Dodi Handy - Director of Communications Rob Phythian - Co-Founder & Chief Executive Officer Brian Bennett - Chief Financial Officer Conference Call Participants 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, ...
SharpLink Gaming .(SBET) - 2021 Q4 - Annual Report
2022-05-16 20:53
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F Commission file number: 0-28950 SHARPLINK GAMING LTD. Formerly Mer Telemanagement Solutions Ltd. (Exact name of Registrant as specified in its charter) Israel (Jurisdiction of incorporation or organization) 333 Washington Avenue North, Suite 104, Minneapolis, Minnesota 55401 (Address of principal executive offices) Brian Bennett (Chief Financial Officer), 612-293-0619, 333 Washington Avenue North, Suite 104, Minneapolis, Minne ...
SharpLink Gaming .(SBET) - 2020 Q4 - Annual Report
2021-05-17 17:37
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2021 MER TELEMANAGEMENT SOLUTIONS LTD. (Name of Registrant) 15 Hatidhar Street, Ra'anana 43665, Israel (Address of Principal Executive Office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40- Form 20-F ☒ Form 40-F ☐ Indicate by check mark if th ...
SharpLink Gaming .(SBET) - 2020 Q4 - Annual Report
2021-05-17 15:17
SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE ...