MINNEAPOLIS, March 26, 2025 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (NASDAQ:SBET) ("SharpLink" or the "Company"), an online performance-based marketing company serving the U.S. sports betting and global iGaming industries, today announced that it received notice from the Nasdaq Listing Qualifications Panel (the "Hearings Panel") of The Nasdaq Stock Market LLC ("Nasdaq") that the Hearings Panel has granted the Company additional time to achieve compliance with the minimum bid price requirement as set fort ...

Core Insights - SharpLink Gaming, Inc. reported a significant transformation in its business operations, including the sale of its fantasy sports and sports game development businesses, which has positioned the company for future growth [4] - The company is exploring strategic opportunities to enhance its affiliate marketing business and increase stockholder value, with a focus on emerging trends in the iGaming space, particularly blockchain technologies [4] Financial Highlights - Revenues decreased by 26.1% to $3,662,349 in 2024 from $4,952,725 in 2023 [5] - Total operating expenses fell by 45.6% to $5,669,248 in 2024 compared to $10,425,865 in 2023 [5] - Net income rose to $10,099,619, or $2.29 per share, from a net loss of $14,243,182, or $5.19 loss per share, in the previous year [5] - Net income from discontinued operations increased by 586.7% to $14,573,262 in 2024 [5] - Net loss from continuing operations decreased by 60.2% to $4,473,643 in 2024 [5] - Cash on hand was $1,436,729, a decrease of 42.2% from $2,487,481 in 2023 [5] - Total stockholders' equity improved to $2,082,869 from a deficit of $9,399,769 in 2023 [5] Operational Highlights - The company completed the sale of its Sports Gaming Client Services and SHGN businesses for $22.5 million in January 2024, using part of the proceeds to eliminate approximately $19.4 million in debt [5] - In February 2024, SharpLink transitioned from an Israel limited liability company to a Delaware corporation [5] - A new Board of Directors was established in February 2024, with key appointments aimed at enhancing governance [5] - In July 2024, the Board initiated a review process for strategic alternatives to maximize value for stockholders [5] - In February 2025, SharpLink acquired a 10% equity stake in Armchair Enterprises for $500,000, with a right of first refusal for a controlling interest [5]

Core Insights - SharpLink Gaming, Inc. has acquired a 10% equity stake in Armchair Enterprises Limited for $500,000, marking its strategic entry into the crypto gaming market [2][3] - The company aims to leverage its performance-based marketing platform to penetrate deeper into the digital gaming and sports betting markets, positioning itself as a leader in the crypto gaming sector [3][4] - The global crypto gaming market is projected to grow significantly, with the online gambling market expected to reach $158.20 billion by 2028 and blockchain-based gaming experiencing a CAGR of 12.5% from 2023 to 2028 [6] Company Strategy - SharpLink's investment in Armchair is part of a broader strategy to expand into the rapidly growing crypto gaming industry, which is characterized by enhanced security, privacy, and transparency [4][7] - The company is focused on acquiring a controlling interest in Armchair and executing its expansion strategy efficiently [7][8] - SharpLink's early entry into the crypto gaming space positions it to benefit from the expected industry growth and secure a competitive edge over traditional operators [7] Market Potential - The increasing adoption of blockchain technology and the demand for decentralized gaming platforms are driving growth in the crypto gaming market [6] - CryptoCasino.com, launched in October 2024, offers a wide range of gaming options and accepts various cryptocurrencies, catering to a global audience [4][5] - The platform's integration with popular wallets and its unique Telegram Casino feature allows for seamless user experiences, further enhancing its market appeal [5]

SharpLink does not intend to make any further public comment regarding the review of strategic alternatives until a definitive agreement has been executed or the Company determines that disclosure is required by law or otherwise deemed appropriate. MINNEAPOLIS, July 18, 2024 (GLOBE NEWSWIRE) -- SharpLink Gaming, Inc. (NASDAQ:SBET) ("SharpLink" or the "Company"), an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced that its Board of Directors ( ...

Financial Highlights for the Three Months Ended March 31, 2024 Compared to Three Months Ended March 21, 2023 For more detailed information on SharpLink's first quarter 2024 financial performance, please refer to Form 10- Q filed with the SEC and accessible at www.sec.gov or on SharpLink's website at www.sharplink.com. First Quarter 2024 Business Highlights Continuing, Phythian said, "Given our strengthened balance sheet; our highly engaged Board comprised of world class, accomplished business executives; an ...

SharpLink Gaming Ltd. (NASDAQ:SBET) Q3 2023 Earnings Conference Call November 15, 2023 11:00 AM ET Thank you, Kat, and good morning, everybody. In connection with the phased rollout of our affiliate marketing growth strategy, SharpLink HQ was launched last month, providing a venue for us to unite and showcase SharpLink's advanced technologies, betting tools, and performance marketing capabilities. Moreover, we expect to leverage this new flagship website to benefit from cross-promotional opportunities betwe ...

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 September 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 (Stat ...

That completes my review of the Q2 results. Now, why don't we talk about some other operational developments that have helped drive our strong second quarter financial performance. Several of our shareholders kindly submitted questions in advance of today's webcast. Dodi, would you mind kicking off our Q&A session? Question-and-Answer Session A - Dodi Handy Sure, Rob. Okay. So our first question relates to the recent announcement regarding SharpLink's introduction of C4 BetSense. Can you please share how ge ...

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 ...

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]