GMBL - Earnings call transcript Q2 2022 | Esports Entertainment Group, Inc.

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Operator

Good day, ladies and gentlemen, and welcome to the Esports Entertainment Group Fiscal 2022 Q2 Earnings Conference Call. Today's conference is being recorded.

Before we begin, I'm going to read some brief safe harbor statement language. Statements made during this call that are not statements of historical fact constitute forward-looking statements that are subject to risks and uncertainties and other factors that could cause our actual results to differ materially from historical results from our forecast. We assume no responsibility for updating forward-looking statements.

refer in risk our please other uncertainties information, discussed factors SEC more to and the and For filings.

ahead. Johnson, Now to at Please Grant turn like go CEO. the conference this over to time, I'd Mr.

Grant Johnson

down our year Thank you, operator. at despite from the from biggest April second million largely the to was when XX% fiscal million everyone relevant of the thesis $XX.X for putting the second in impact this ago control, million, earnings Revenues brands period came began our up we portfolio several in XXXX over from first us quarter call. $XX XXXX and were as with is for quarter and that quarter quarter. our as value our fiscal joining remains takeaway Thanks and on a uplisting behind that in XXXX. which same fiscal together is $X.X today challenges it the journey strategic of beyond of The assets

we than engine opportunity a revenue continues in year, declining long-term iGaming Europe growing performance. saw for more remains to business financial long-term esports business healthy for sequential the our While while expand, our first

Netherlands challenges significant regulatory and make online the in of gray from was was basis. iGaming on country's peers a to betting and platform the market the were led a unregulated, with environment, our pull us sports faced Still decision a One quarter strategic change the which we, we the recently, operating Netherlands in to along our market. Bethard

out structure on it's forced for fines regulators impact to hand as in great to a had our quite quarterly This institute to environment. Unfortunately, decision unfortunate soon revenues. as to decided roughly allow operation operations market the existing seven-figure cease regulated our in Dutch a sites launched. resulting process market the a late operators the regulated Netherlands regulators As group, in the fully a operate well rolling unexpectedly the expected

now site, are to take market a the regulated time. we While with will reentry more working our in participate some

across the United faced even October was a low most we low the hold million material and Unfortunately, Europe sports estimate something in decline Historically, we hold Second December. natural during could revenue by drove dollars. challenge hold and seen our betting operators, be volatile in and historically a several States which be to quarter, element sports writing sportsbook quite in is bets. of

XX, experienced past also We global return expect historical weeks, record and the a significantly variant, to were norms the results the forward. including rise sportsbook January. by we've We that impacted the going Omicron in of month to best-ever in And January cases in and the many December. recent ongoing end, publisher-sponsored including esports iGaming our pandemic in past increase delay actually planned of the been the XX City in-person well Hard Rock had scheduled competitions. The at resulted COVID in Atlantic this many LANDuel in events, which or launch, as cancellation particularly as

still all the to quarter. delayed expansion combined esports build forced forward. impact which the wagering the the in VIE.gg quarter, a said, COVID LANDuel effects dollars have collective our we the events, new Helix The two in New Centers, with our Center opening As along impacted is peer-to-peer Esports platform of strong million to LAN our had live ongoing several of tournaments. esports reminder, launch but Jersey, centers, delay a also expected of The of pandemic for of in California. have us Helix impact these they That our we delays, our of ongoing a

business. nature they quarter, and to forward our our transitory normalizes While resources continue of United drivers backdrop iGaming volumes, our these positioned esports we wagering increasingly grow operating focus in had noticeable the we have iGaming strategically to in and States. are outside we the going the events, into are our recent factors and confident that on esports ourselves the as performance of a financial on impact most expansion main

we debut our the Jersey are esports New United from first in recent XXXX, operator to of As expect as States. we we the VIE.gg in to look benefit offer wagering the now into

opportunity While the publishers it's respond are tournaments we to and and working their demand the monetize from further is very our platform need to days, matches. of believe actively esports early We on for players the events expand to number to wagering significant. the

and there some which more XXX XXX audiences estimated U.S. the represents offer to global the the XXXX. in of than esports young, million events country. million attracted than video affluent. native perspective, of viewer one are largest Just it's more base Furthermore, players, generally digitally entertainment in That's game

We fiscal During locations we theaters, turnkey estimate system, enables our offer entertainment arcade provided BXB businesses momentum through be brand the of time, all-new movie and a model. to fiscal debuted centers quarter, under solution an other the year. of build potential gaming OMEGA are top half as the thousands the all shopping OMEGA Operators options and solution, the family to second for we the second ggCircuit over initiative that we could base also malls, and esports such this as the expect install evaluating priority. in types of making actively move

our and VIE.bet Idefix tech control stack migration sites We platform, and to additional destiny. of iGaming proprietary our us SportNation.com further giving the over own consolidating also our our completed

As account iGaming payment a sportsbook is us reminder, technology consolidate allows built iGaming to Idefix and acquisitions, regulatory player through various alongside which platform functions. a solutions management our we full

expect Atlantic will LANDuel. event March we at XX This the LANDuel to Rock debut Finally, year. this as proof-of-concept with in for in serve a event rescheduled XX to the Hard City Casino

to solution. and revolutionary it drive in visibility this significantly expect interest We

to the of briefly reiterate clearly iGaming two to iGaming which combines global Esports I decision audience for the portfolio. turning both the the a Entertainment verticals and to combination want the current and target Dan, best call our comprehensive that allows overlap. our our comprise esports avid over drove thesis through Before diverse our allows array esports brands, fast-growing acquire often of and brands. provide fans entertainment with to offering, that This businesses to company across Group

one-stop that with esports Games, significant support allows physical alliances fan including shop the offers who League, provides player-versus-player technology that in-person product and looking a looking services Esports the EEG in-person. esports Our tournament online event EEG to following difficult-to-reach the or experiences, of EGL, is with tournaments, EGL parties up us locations. organization reach organizations enthusiasts the for online our launch partners base and and components: with esports made have wagering. broad Gaming marketing offering, is third partner to engage Games segment, to

ggCircuit and that competition wagering is esports centers. our Association. a software ggCircuit It by our BXB ggCircuit, and player-to-player the host of to unique analytics X,XXX provider that provider month, Gaming managing and OMEGA we that tournaments Helix as our that centers third-party support including stadiums, wagering gamers X professional esports Esports money. prize sports and across and as proprietary data LAN our XX events centers allows current many services each and two XX,XXX Today, new software every Helix, Our nearly our currently offers across centers, National debuts created wagering partners host fan million Indian include franchises solution. theaters, operates esports and Helix venues and in casinos, attract sports participants year. locations, March. our nearly our operate movie this [Indiscernible] is events course, and network of skill-based facilitating platform LANDuel, peer-to-peer

Importantly, we collect rig the a placed. will against wagers

segment, Tier solutions. gathering iGaming, focused its deliver iGaming to is leveraging sportsbook Our on casino licenses X and esports

foray you Furthermore, sportsbook The bright Gaming, Europe, assets of elevation our look brand us which the of across future brands. opportunities performance growth all operating on in currently esports generates iGaming will provides in made esports, revenue collection portfolio in substantially to with EEG implement numbers? New company our first and over in and components please to powerful wagering betting the a the an tremendous also Scandinavia; into Chief realize two iGaming potential our in our wagering to is esports over of discipline remain achieving with we well of financial the of take are Entertainment, focused our online that, targeted U.S. powering advantage following its brand of while in of recent our sports Spain. brands. VIE.gg, focus scope and markets our business we wagering Now first market. and us and role verticals, Operations in believe allow the Stuart Dino leverage scale future. and Tilly up represents iGaming positioned and based With brand given operating Jersey. Argyll drive And was Europe; our the We casino solely operator to the our Bethard, iGame launch growing Officer other New and Could I'd esports XX,XXX brands: like our we Lucky turn to inherent launch users extremely of and believe further to iGaming of Dan. Sweden And entertainment wagering exceedingly growth our recent monthly take in Europe efficiencies our operator, as and EEG course, you unique the focused business healthy. recent on full Jersey through

Dan Marks

of million and the convertible million. related the of fiscal under an $XX compared the market from of was conversion million of million case. of bit headcount, to first in fiscal the for due revenue in is on were XXXX, fiscal provide million $X.X quarter our that owed though afternoon compensation quarter XX.X% stock. during quarter driven second charge, one-time $X.X XXXX net additional and recorded of notes the higher Thanks, versus minimums again for the fiscal negative price pricing a convertible whilst the XXXX, fiscal in decline quarter a second to gross were general periods. certain for monthly of to than quarter the of XXXX. compared And quarter increase of a loss XX% first the of is in largely charges $X to the compared favorable quarter down quarter profit loss the in $X margin XXXX. versus million the quarter million meant suppliers the negative loss XXXX and in generated XXXX, $X.X million, the high Total quarter first senior $XX.X the $X.X everyone, the to to million conversion million, accounted from net fiscal It the the but expenses $X.X was detail This up related million good senior approximately $XX.X this the an earned million conversion gross $X.X $XX.X the the charge was non-cash was future in XXXX XXXX. quarter revenue, just for We Gross in cost from of period conversion million of declined proportion of loss Grant, to and quarter on will sales $XX.X on during revenue an million in Gross material related reflected of million common fiscal to profit compared G&A evening, to EBITDA in $XX.X or $XX.X date. the quarter Included administrative the non-cash of $X.X us. for Sales principal first charge decline of a the million principal second together a $X.X $XX million million the million. marketing costs net first of $XX.X of This net $X.X million net the of quarter-over-quarter good up thanks totaling and million down XXXX. our period. fiscal compared holder this and of $X.X quarter more joining for Adjusted expected with return quarter, and by a first share-based XX.X% XX.X% to the notes million by XXs to first with of historically figure of included to to in rise $X.X a increase which in in the in margin the

value. next that We resulted the connection This we $XX.X also the favorable on notes presented agree senior convertible restructure the into notes debt as related related a million. $X.X the loss the in warrants to to declined have quarter extinguishment had discount to non-cash new of income in were statement terms with charge our combined of two establishing debt, enter the offset a acceleration which a since have as agreed charges is by our facility holder benefit terms. more in of under of to with debt The a on the of million the

Moving cash ended quarter and of with the cash the on million balance $X equivalents. We to sheet. total

our continued we $X.X in equity capital. access the and During ATM to program, raised to quarter, us proceeds give through offering million gross flexibility which has

it liquidity position, the the agreement under ended convertible covenants As sheet the notes signed we have quarter the with an modification a to time, our in relates noteholder, lead our we term senior of exchange the notes. been Since will violation to which and that and dialogue in terms the near-term. in however, active proposed of of have

signed no before updated next the flat to part of five Final agreement. to quarters expecting are penalties. with monthly be definitive loan, terms end finalizing satisfy we as Importantly, over of pursuant prepayment the pay noteholder, will the this to amount quarter the a terms the fully and with the agreed repayment

monthly with accounting believe the company convertible uncertainty long-term results, invest grow payments would in positive to business. us of discussions allow coming fixed forward respect as them had for is those requirement the the moving the impact a to GAAP we our noteholder and this in to While while for significant to notes quarters outcome require with reported our a and our the our

our to fiscal Looking guidance for XXXX.

take foundation As guidance current which to decision of We have reset his out expectations are the which have reset lightly The forward. extremely $XX remarks, of led delay and decision revenue in remains significantly not about fill served laid quarters. and gives to portfolio our this which did to bullish us which of us to quarter-over-quarter million to growth and number factors full-year company by graph million. a prepared range a upon couple and our of of serve this going nature in reach decline Grant our offerings. XXXX there the factors range impact our transitory to ability a drove us the believe performance in revenue million quarter, $XX to The annualized fiscal its from $XXX businesses a only are to revenue

establishing given that off While expect a annualized an figure is beyond fiscal basis not far the million we not are currently revenue we few on guidance $XXX XXXX, factors. key

soft the full we and making January, company we on waiver evaluation New period in mentioned, first us VIE.gg Grant to soft esports launch accept wagers Very U.S. shortly, as will the received allowing real-money basis. only complete transactional our First, Jersey, a to us the in platform, in play play and the launch VIE.gg

Hard XX Second, we March have Hotel the upcoming debut on of LANDuel City in XX. at Rock to the Atlantic

the the always U.S. more the by VIE.gg wagering many be jurisdictions. event While market far delay to open remains, Entertainment the a COVID to is LANDuel we the possible and and excitement disappointment, it untapped across was greatly to view, in in for Group a Esports wagering will need will welcomed the and due no platform. believe jurisdictions doubt Peer-to-peer significant our across outweighing opportunity U.S., made revenue

for Third, of XXXX. esports the platform broad gaming such potential avid OMEGA since this user location fiscal casinos, platform looking connect in and our family to second other after extremely we as base exposes centers us customers sought to have esports for highly entertainment quarter seen with it considerable enthusiasts. any debuted arcades, and The is interest

with deals important coming to We and OMEGA are results will to our months. contributor become named announcing topline confident look the in an forward that very operators

a the as record mentioned, for Grant month iGaming segment was EEG Finally, business. January of the

Our in across and market iGaming advantage unique strong Europe. of to takes for iGaming a brands very sports as continues momentum wagering it segment its build

further I'll the to Jersey, performance LATAM expect forward unique significant of Q&A represent. of we the VIE.gg throughout as In future the financial of market business. are our and afield, brands and growth of With further execute promise into our We With updating for advantage force plan. continued the going expect to summary, the strong forward. to remain markets our call full part recent look session. with in this together they the product taking New to the opportunities operator bright committed that, the portfolio our in full turn potential the We believe the in for Europe, the back year excited see to and we the is we launch new deliver to expand business by

Operator

question H.C. Instructions] take with Buck [Operator you. Thank Wainwright. We'll our go Scott from ahead. first Please

Scott Buck

Hi. Good guys. afternoon,

Grant Johnson

Scott. Hi,

Scott Buck

fourth Street and Netherlands out the My first of question is and But more estimates the clearly quarters during third kind headwinds it fiscal I the still on than the that quarter, $XX guidance. million at I the for between understand needs where you to looks the look come that's is. like two there's faced quarter. if are

was could us of kind that. help you hoping maybe step I that through So function

Grant Johnson

I it It The same a huge to Netherlands. we I wasn't the has EGL Sure. tried guess, additionally And event was who would footprint wasn't to factor. live live sports centers just dramatically just is events, Europe, with – this in-person company factor. that that as obviously which thing were brand with Yes, seven-figure was of down. handle another host everybody events, Events our were outline, the had, those was our unable in expand a Helix ggCircuit dealing that down.

is business. the out string the of areas, see those end that towards mentioned, have and that the not we we seeing we as figures across of Dan weeks building month and we in ever with are head the iGaming as pickup only are LANDuel, of strong side, company, just all we our of Along seven consecutive together a a year. our launch fiscal in as momentum Now think I all a best other mind coming January iGaming a are

at decision internally. last the the we as felt this build of better resetting year. We we of quarter, expectations and second took strong through given point headwinds in quarter here, momentum not faced lightly guidance, said obviously time its So the half this albeit, a we is

Scott Buck

hold you throughout on But the the of think are of dates year? your the remainder And the make further guys up of kind Grant, adjusted events the have modeling that around sportsbook or set lost remainder should revenue year? there we as internal for side, of

Grant Johnson

I'll let in it's do come been the those back. really across a to But clients that Dan pattern. holding on the events, more comment expect on the We hold. sports globe it's

back expect see the bookings coming We – them starting we're to in.

obviously we in period hold, to a is So insight really it's mentioned, back it's did the sport this this that more see where Dan but get certainly, there we're on reset want on year, a as going six-month that time to it's you Dan, not that? offer sports any

Dan Marks

norms We're backend not the the January. our adjusting to we down felt certainly remainder across have margins We've – that. Yes. had We significantly, our them brunt of the year. of sports a good have recovered to as Margins industry, peers industry models. had last and across of year, of communicated we the also many return expect were the and

margins it's be an not that expectation So forward going will deflated certainly afterward.

Scott Buck

weeks And Okay. it's I Jersey. New a in That's helpful, Dan. VIE.gg only on few then know been

been the your Just And can expectations. when about think states? additional maybe seeing has wondering states the what and versus we initial feedback add within it two

Grant Johnson

first the on expect do Well, it's we hear imminent able we’ll exit soft play. that question, to we're of the part that

want drive can our of appreciate, day-to-day too marketing we to hourly much and haven't up. As on activity bodies basis you limited that that a can execute number limited sign a had able site to we traffic at because been didn't

add you to events sure we the if jurisdiction So those. region, you're we've or time a this see site, of to taken additional in can make a advantage

into when now it's there more You soft substantially started events can was the see we play. than

the with the imminent. discussion to the the question, product. attention I jurisdictions. market, soft not other product those is a two retaking part. like betting draw a we play to in exit at from gambling North is least LANDuel would American gambling in So It's To are jurisdictions second

be have that received various able We about that will states. product XX take currently legal we opinions into to

will once to roll be that product out able So VIE.gg New to launched roll Jersey, in we we – other than out more I expect rapidly that will the we'll jurisdictions.

Scott Buck

for me. And That's color. last Grant. Great, then Okay. one great

think about the remainder the update of adding Just additional Helix, and through for UCLA, timeline an centers you on what guys year?

Grant Johnson

move back we school go UCLA, central March, as in and being the got opens. getting the opening Well, to start the school able as to will up again which to then open

been in have like multiple intent Fame We we you're aware, Canton, UCLA a reached we announced, have, it's of have as the universities of place in us. have other Villages that letter and probably out for to Hall

specifically expand two So you we least our discussions in as are are can list. that Fame at right UCLA appreciate on speak multiple can't the to and Villages to of them, Hall business. but next now, I

Scott Buck

Thank Okay, guys. great. Appreciate time you very the much.

Operator

We'll Edward from take Please our ROTH Capital. next go with question ahead. Engel

Edward Engel

– prior my taking for before per quick million please of burn? guess, get Can the month, quarter. on with $X your at EBITDA question. that And $X then million, all? per end is changed positive think you talked a you we think I $X still just monthly on you're thank about possible targeting Hi, million new that calls, cash this update guidance? I Has year, calendar I by you the

Dan Marks

Yes.

year. we're above the pushed second breakeven million cash near of We're million think $X.X performance a out the The slightly month calendar probably month now. next first in a to I to the quarter burn. into get has us quarter in $X

It kind quarter. of out us timelines. of in is that's are terms pushed where So reset really an we that's extra a

Edward Engel

new I does about the think to drive could in I helpful. that, cash get super how guess, we just know guess, Great. Q. have? Okay. And just growth, it's bit take much an in the the evident you update, just That's especially industry, I quarterly And currently a it on an user think, it's on I then, of across pretty I mean, I U.S. sometimes investment

wondering, ability in in well? I really impact your your to balance but cash a does U.S. efforts, not as the fully ramp guess, Europe was tighter just acquisition So I just customer

Grant Johnson

a when and Clearly, would that on public we're depend what of down – bull we in the not the our recently and overall sector, Well, the of a in Ukraine. that growth and difficult It's ongoing market. are the It's restricts the That just some not which markets. of been public course, concerns clear you're you it then more but is market, I access call we a of in across reason interest first we on all very part. take the the the I'll to part let capital mean, take pandemic, Dan depend company second restricts the is operators.

give marketing So short I a does is access of narrative efforts. to our that slow the yes, a bit down answer you capital there restricted

our are want However, positive self-perpetuating. Dan, that? thankfully, several you of assets cash flow producer did anything are add to somewhat to

Dan Marks

No, right. to been us to provided and when you're we down the prudent us money that's it's mean on accessing think I needed, basis ATM I that which as has available have flexibility. draw a

We several about financing strategic longer-term time. conversations the same at are in

to And Grant gives said, funds public markets from public us So the as available of access on there's that options market. us. plenty to being the public

So that mentioned. what that's what I Grant from add on

Edward Engel

color. Great. appreciated. for Much the Thank you

Grant Johnson

you. Thank

Operator

Markets, question Capital from Please with next Kupinski Inc. NOBLE We'll [Operator our go Michael take Instructions] ahead.

Michael Kupinski

the Can Thank at couple that similar you. you Netherlands? the not there be markets whether is that changing you they terms whether address you or regulations, like to I questions country of here. unregulated markets A in other are risk the operate, mean, Netherlands maybe of are

Grant Johnson

there's was a Well, states XX are are Before market. firsthand States, I mean, United pursuing few constantly I a you're believe allowed. having in it we the regulated And XXXX, that here gaming changing. short market actively years later, now not right? is the and absolutely experience

just tax will gambling regulate continue the look as like have we in and online yes, more jurisdictions operator business. to So every to to adjust

substantial which cetera. into We markets there will six, nothing we're jurisdictions, that the that anything regulated. won't Ireland, in answer have aware operating can looking There's states not U.K., had Jersey, move mean there just over expand is so. us. become next further. there to European Bethard have a imminent the No. substantial fairly XX, why now that right happened which we Spain, jurisdictions. to of we're acquired, does Obviously, through no is first the currently? was part that years and That's And that's be Sweden, with we addressed that solid that the Malta, we is jurisdictions where of impacted why state partially acquisition, two your that New we footprint one other that be additional of there. et a in to necessarily in, the question, But see their Netherlands that do the operations it a continue will In asset, we're to

Michael Kupinski

Grant. watch Any look that particular we we or in on future terms in we should that so is that on countries an there maybe see to you regulations think your of should impactful impact radar our that that be have watch might this you the for to if might numbers?

Grant Johnson

impact In terms negative numbers? of on our

Michael Kupinski

in negative of terms Yes, impact.

Grant Johnson

give us several jurisdictions as imagine, as the work us attorneys we're going as advice with appreciate, into Well, you have can you to Canadian say to see we're the which regulatory – can and we we have that several coming I experts probably in gambling would that marketplace. And controls sector.

the Latin footprint seeing Canadian markets, our currently where probably into the market South growth will expand the through we see the we're not in American and American that we nothing application our So process. going markets There's greatest in yes. without

we see one stay in of So don't to things. constantly answer concerned having environment. That we changing substantial out question, a we're your that to traction, we're is about said, it front no, are where these and trying

is change positive, the not. the in is Sometimes sometimes it Netherlands, like

Michael Kupinski

generating I the in your for does or outlook? in for and an do of growth outlook Canada, certain have impact certain affect go decision And in markets revenue slowing rate terms markets like certain revenue. of terms how that expand the into mean, we your expansion markets affect in to your not

Grant Johnson

these – quite no. month. products some LANDuel have – inaugural both expect we launch Those like that to product, now, having we're revenue rapidly. LANDuel, them its is newly product that guidance launched potential up we haven't just looks these and revenue the into move products, of Well, the next we in that from our taken OMEGA products coming which a the yet. The Keep product we mind after

in the Rock. that America for expect that flying in coast roll have from out we the at coast do coming that a in properties casino point fast Caribbean XX believe, Europe, I to how be see to will North And after event have, to in better feel Hard casino. We doesn't It flying time. in the in have

in that XX have OMEGA, expect And the we can move to be future. the we into. that as alone as announcing product near jurisdictions in far We states

So very on that movement substantial product.

don't comfortable environment. North So dependent our and products require confident regulatory not numbers regulatory of the with marketing and Internationally, our and is strategy those have forecast. most the two we that the feel I our upon in quite we environment American plan believe

Michael Kupinski

to to back question. want I the liquidity go

talk your indicated – correct million. you if burn $X.X you the And of bit options I'm that you're preferred a you that little looking to refinance me some going the outside ways to your What at refinancing. you highlighted this are thought sort wrong, and point? at do rate you prospect So on about refund also are – Can are ATM? of what

Grant Johnson

place one cetera. tools have Yes. in Well, obviously, ATM, private have. et we a placements from of shelf investments, the for that We obviously the is funds,

conversion the table. the are proxy but As opportunities note, looking still finalized, down after we're the lot vote, off being the to, a obviously, to of it the comes specific terms came

well opportunity bringing issues incidents to we're with working with an plan with been obviously as quite as to and come the of not to They monthly the fund of us the open so working for Those did shareholders. other default it's payback stable in call And actually. amicably best investors. our fund a are positive any –

have I ongoing been, we're We a discussions. company. public mean, have

toolbox. in times. ATM to And of the course, the Of talking shelf our sources just the tools potential two of capital and all are we're at mentioned, as

Michael Kupinski

give you me was shares average end what quarter? shares – average you outstanding that have I end outstanding, number the the Can of what know shares outstanding the the the quarter? at the but the of were at of the

Grant Johnson

you do Dan, that have handy? number,

Dan Marks

in you, Might come looking just I'm now. Edward. the back to just queue

Michael Kupinski

That's Thank Okay. All for I right. now. all you. have

Grant Johnson

Edward. you, Thank

Operator

Research. go We'll to next Singular Lisa Instructions] [Operator Springer with

Lisa Springer

a product is you being and you the to could the questions provide think where I contribution and and could afternoon. about Good wanted more XXXX? being marketed, color you around if curious, couple product. make it marketed the it's in OMEGA I'm how whether pipeline meaningful little a of ask bit a

Grant Johnson

I'll start We of absolutely. The make is Conference IAAPA product was revenue will first. in it substantial meaningful impact believe the last strongly Orlando to out rolled in quite last November. a The fiscal. answer Event your to question the with that

full We dozen negotiation name, and big various pipeline have bowling under I a roughly we box interested have would goes retailers, parties, on can't the alleys, on. into specifics. at brand list get a substantial I casino stores, stages. say contracts properties,

swipe. floor. placed to one several So card credit The see equipment the pod chairs, is you'll cetera, et We self-contained. of the bring in malls station we the is arrays in it units to can product XX-station or activity, All a already. the effectively start headset, some pulls six as attached,

Somebody swipes effectively credit gaming starts sits and all down their it's card engaging tournaments, managed and in remotely.

– a when dormant. this and And it, are a And alleys, units So worry cryptocurrency, never the the so we is the gained excited will about they're we're the being call, have that this mining or units install units don't it. for if movie we bringing manage be not theater upon with it's important bowling product. on very staff,

Lisa Springer

primarily the Okay. it in U.S.? a Is rollout

Grant Johnson

No.

of market obviously, and team, markets, we're out had we've lots ggCircuit in home the In and well it been have about, coming that's U.S. but and the fact, as is the Canada of the orders turf overseas the as the north for marketing of been from that European interest biggest border. talking

Lisa Springer

did that that you have think right your mentioned XXXX then I guidance Okay. for included And not you now? in

Grant Johnson

Right.

Lisa Springer

you. Okay, great. Thank

Operator

further questions turn would remarks. closing [Operator Instructions] this no or for like presenters conference to back any time. to I the at additional your have We

Grant Johnson

you for coming. you. And thank Thank Okay. all

as very remain progress company. the we've made about excited a we course, Of

XX, So years. effective over of over period the ago. XXXX, a NASDAQ that it's April seven just on – together brands going almost And very short since that XX pulled we time, two time

to interim, you please In everyone third our updating the appreciate on speak Investor to contact progress our forward our value for JCIR come We all wish and over today. call. OMEGA. innovation incredible will of and balance the your We innovations that is at is a the call the of to any on cryptocurrency portfolio which thank to that not us brands the we'll of us, and are ahead, and VIE, these continued joining have continued should like type look up at you Thank support, of XXXX our questions delivering years quarter increased This with. interest I'd fiscal shareholder team committed during firm an result and have growth with our you. or proven in least is new LANDuel and Relations products, XXX-XXX-XXXX.

Operator

gentlemen, today's your We this appreciate and concludes Ladies participation. conference.

now disconnect. may You

Esports Entertainment (GMBL) 23 Feb 222022 Q2 Earnings call transcript