Welcome to our dedicated page for Ese Entmt news (Ticker: ENTEF), a resource for investors and traders seeking the latest updates and insights on Ese Entmt stock.
ESE Entertainment Inc. (ENTEF) is a global gaming technology leader providing infrastructure, esports production, and digital engagement solutions. This page serves as the definitive source for official company announcements and developments.
Access real-time updates on strategic partnerships, technology innovations, and financial performance. Investors and industry professionals will find curated news spanning earnings reports, acquisition announcements, and esports event launches, all essential for understanding ENTEF's market position.
Our news collection prioritizes accuracy and relevance, offering insights into ENTEF's blockchain integrations and gaming ecosystem initiatives. Bookmark this page for streamlined tracking of the company's progress in bridging traditional gaming with emerging technologies.
ESE Entertainment reported record quarterly revenue of $15.93 million for Q3 2022, a remarkable 276% increase year-over-year. Gross profit also soared by 595% to $3.12 million.
Despite a net loss of $9.49 million, largely due to acquisition costs, adjusted EBITDA improved to $74,539 for the nine months ending July 31, 2022. Total assets grew to $33.71 million, up from $15.94 million the previous year. ESE signed 24 new business deals and enhanced visibility on the OTCQX market. The company aims for further growth as it concludes fiscal Q4.
ESE Entertainment Inc. (OTCQX:ENTEF) announced updates on its project pipeline following recent partnership developments. The company attended Gamescom in Germany to showcase technology solutions and is set to participate in DMEXCO, aiming to enhance its business pipeline. ESE appointed Andrea Lieuwen as Chief Financial Officer, enhancing its financial leadership. Additionally, the company expanded its software team and partnered with Toyota Ireland for a professional racing simulator. ESE signed three new clients for gaming technology in September, reflecting ongoing growth and business development efforts.
ESE Entertainment Inc. has appointed Andrea Lieuwen as its new Chief Financial Officer, effective September 12, 2022. With over 25 years of experience in public company finance, Lieuwen previously led operations at Great Canadian Gaming Corporation. Her extensive expertise aims to enhance ESE's strategic development and operational excellence. CEO Konrad Wasiela expressed confidence in her role to drive growth and value for shareholders. ESE is focused on expanding its presence in the gaming and esports industry through technology and infrastructure services.
ESE Entertainment Inc (OTCQX:ENTEF) announced its participation in Gamescom 2022 in Cologne, Germany from August 24 to 26. GameAddik, its subsidiary, will promote the PWN Games brand, focusing on performance marketing for gaming. Gamescom is a vital event in the gaming industry, enabling brands to showcase products and network for growth. With tailored marketing strategies for gaming companies, ESE aims to enhance its visibility and partnerships in the sector. The event will occur at Koelnmesse, Quebec Pavilion, Hall 3.2.
ESE Entertainment Inc. (OTCQX:ENTEF) has entered into 24 new business agreements since May 1, 2022, highlighting a robust global business development strategy. This influx of contracts reflects the rising demand for ESE's technology and services within the gaming and esports sectors. Additionally, ESE is advancing its tech unit with the release of its proprietary big data software, Singularity. The company aims to solidify its position in the global esports technology market while considering selective acquisitions to drive growth.
ESE Entertainment Inc. (OTCQX:ENTEF) reported exceptional growth in Q2 2022, achieving record revenues of $15.0 million, a staggering 1,994% increase year-over-year. The company also posted a gross profit of $3.82 million (up 2,748%) and positive adjusted EBITDA of $884,751, a turnaround from a loss in the previous year. Key milestones include successful acquisitions, strategic partnerships with tier-1 publishers, and continued expansion within esports and digital motorsports. ESE aims to sustain its growth momentum in the latter half of 2022.
ESE Entertainment Inc. (OTCQB: ENTEF) has signed a memorandum of agreement (MOA) with Dome Productions, a prominent media production company. The partnership, lasting three years, allows both companies to collaborate on various productions and gives Dome first right of refusal on ESE's North American broadcast facilities. In exchange, Dome provides ESE preferred pricing and technical support. ESE CEO Konrad Wasiela expressed excitement for this strategic partnership, emphasizing the shared vision between ESE and Dome to enhance global entertainment for esports fans.
ESE Entertainment reported record quarterly revenue of $15.0 million for Q2 2022, a remarkable 1,994% year-over-year increase. The company achieved a gross profit of $3.8 million, reflecting a 2,748% increase compared to Q2 2021. Furthermore, adjusted EBITDA stood at $884,751, marking a significant turnaround from a loss of ($832,195) in the prior year. This performance is attributed to the acquisition of Gameaddik and the execution of growth strategies. The balance sheet shows total assets of $38.06 million, up from $15.94 million a year ago.
ESE Entertainment Inc. (OTCQB: ENTEF) plans to release its unaudited interim financial results for Q2 2022 on June 16, 2022, ahead of the deadline. CEO Konrad Wasiela stated that the company is optimizing internal performance and governance. ESE focuses on gaming and esports, providing technology, infrastructure, and engagement services while exploring opportunities for acquisitions to strengthen its market position.
ESE Entertainment Inc. (OTCQB: ENTEF) will showcase its Digital Motorsports brand at the Crescent Street Grand Prix Festival from June 16-18, 2022, coinciding with the Formula 1 Canadian Grand Prix. Electronic Motorsports will feature F1-inspired simulators in downtown Montreal, allowing fans to race virtually on the Circuit De Gilles Villeneuve. The company aims to expand its North American presence and engage with stakeholders through this exhibition, highlighting its technologies for both professional and consumer use.
