Mobile Global Esports Inc. (NASDAQ:MGAM) is a mobile esports and social platform company that holds trademark and IP rights for collegiate esports tournaments, teams and players in India. Mobile Global Esports (“MOGO” or “Mogo”) was organized in March of 2021 to carry on and expand an esports business (the “Business”) started by Sports Industry of India (“SII”), in 2016. Through a series of contracts, the rights to the Business were assigned to MOGO by SII and its affiliates beginning in October of 2021. MOGO is now building out and expanding the business created by SII, which is focused on the rapidly growing esports industry, with special emphasis on India and other South Asian markets. For more information about the Company, please visit MOGO’s website and Instagram, Facebook & Twitter social media accounts. Investors can sign up for updates at MOGO Investor Relations Site: https://ir.mogoesports.com/alerts
Company profile
Ticker
MGAM
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
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SEC CIK
IRS number
862684455
MGAM stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
25 Mar 24
8-K
Amendments to Articles of Incorporation or Bylaws
11 Mar 24
DEFA14A
Additional proxy soliciting materials
11 Mar 24
DEFA14A
Additional proxy soliciting materials
11 Mar 24
ARS
2022 FY
Annual report to shareholders
13 Feb 24
DEF 14A
Definitive proxy
13 Feb 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
12 Jan 24
8-K
Departure of Directors or Certain Officers
5 Jan 24
8-K
Departure of Directors or Certain Officers
29 Nov 23
10-Q
2023 Q3
Quarterly report
20 Nov 23
Latest ownership filings
SC 13G/A
ARMISTICE CAPITAL, LLC
14 Feb 24
4
David Randall Pross
12 Apr 23
SC 13G
ARMISTICE CAPITAL, LLC
14 Feb 23
3
Kiki V Benson
30 Sep 22
3
Alexander Alexandrov
30 Sep 22
3
Jay P. Madan
30 Sep 22
3
Initial statement of insider ownership
30 Sep 22
3
Marco Welch
30 Sep 22
3
James Knopf
30 Sep 22
3
David Randall Pross
30 Sep 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.51 mm | 4.51 mm | 4.51 mm | 4.51 mm | 4.51 mm | 4.51 mm |
Cash burn (monthly) | 523.41 k | 412.92 k | 615.56 k | 359.85 k | 615.48 k | 347.11 k |
Cash used (since last report) | 3.12 mm | 2.46 mm | 3.67 mm | 2.14 mm | 3.67 mm | 2.07 mm |
Cash remaining | 1.40 mm | 2.05 mm | 845.81 k | 2.37 mm | 846.28 k | 2.45 mm |
Runway (months of cash) | 2.7 | 5.0 | 1.4 | 6.6 | 1.4 | 7.0 |
Institutional ownership, Q2 2023
0.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 3 |
Opened positions | 3 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 10.96 mm |
Total shares | 44.42 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Two Sigma Investments | 22.20 k | $10.95 mm |
VIRT Virtu Financial | 21.43 k | $11.00 k |
RY Royal Bank Of Canada | 788.00 | $0.00 |
Proequities | 0.00 | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
31 Jan 23 | David Randall Pross | Common Stock | Sell | Dispose S | No | No | 2.2 | 550 | 1.21 k | 650,000 |
21 Dec 22 | David Randall Pross | Common Stock | Buy | Acquire P | No | No | 0.8291 | 550 | 456.01 | 650,550 |
News
12 Communication Services Stocks Moving In Friday's Pre-Market Session
8 Mar 24
10 Communication Services Stocks Moving In Friday's After-Market Session
1 Mar 24
12 Communication Services Stocks Moving In Wednesday's Pre-Market Session
14 Feb 24
11 Communication Services Stocks Moving In Tuesday's Pre-Market Session
13 Feb 24
12 Communication Services Stocks Moving In Friday's Pre-Market Session
2 Feb 24
Press releases
MOGO Collegiate Open Concludes With Over 500 Participants
15 Mar 24
CORRECTION FROM SOURCE: Mobile Global Esports Unveils "Mogo Maniacs" Campus Ambassadors Program, Galvanizing 140+ Ambassadors Across Premier Universities in India
1 Mar 24
Mobile Global Esports Unveils "Mogo Maniacs" Campus Ambassadors Program, Galvanizing 140+ Ambassadors Across Premier Universities in India
1 Mar 24
MOGO Unveils Top - Tier Valorant Professional Team
21 Feb 24
MOGO Partners With Sage University, Bhopal for AIU Esports Championship
13 Feb 24