SharpLink Gaming Reports 2021 Year-End Results on Form 20-F Filed with the U.S. Securities and Commission

Rhea-AI Summary

SharpLink Gaming Ltd. (Nasdaq:SBET) reported its financial results for 2021, highlighting its role as a leader in the U.S. sports betting and iGaming industries. The company utilizes data-driven technology to enhance user engagement and conversion for licensed online sportsbooks. Following the release of its Form 20-F, SharpLink's management will discuss these results in a corporate update webcast today at 11:30 AM ET. The company emphasizes its innovative betting conversion technologies and the potential for industry growth.

Positive

• Introduction of advanced C4 Sports Betting Conversion technology to enhance user engagement.
• Strong focus on the expanding online sports betting and iGaming markets.

Negative

• Dependence on regulatory approval and customer acceptance of new products.
• Risks associated with COVID-19 affecting operations and industry demand.

Management to Discuss Results on Corporate Update Webcast Today at 11:30 AM ET

MINNEAPOLIS, May 17, 2022 (GLOBE NEWSWIRE) -- SharpLink Gaming Ltd. (Nasdaq:SBET) (“SharpLink” or the “Company”), a pioneer of targeted, data-driven user engagement and conversion solutions for the emerging U.S. sports betting and iGaming industries, today announced that the Company reported its financial results for the year ended December 31, 2021 on Form 20-F filed with the U.S. Securities and Exchange Commission yesterday afternoon.

As previously announced, SharpLink’s leadership team will host a corporate update webcast today beginning at 11:30 AM Eastern Time to discuss the results and other important business matters. To access the live webcast, please go to https://www.webcaster4.com/Webcast/Page/2761/45482 shortly before the scheduled start time to allow for registration. A replay of the webcast will be available on www.sharplink.com later today.

About SharpLink Gaming Ltd.
Founded in 2019 and based in Minneapolis, Minnesota, SharpLink is a leading online technology company that connects sports fans, leagues and sports websites to relevant and timely sports betting and iGaming content. SharpLink uses proprietary, intelligent, online conversion technology to convert sports fans into sports bettors for licensed, online sportsbook operators. SharpLink's intelligent C4 Sports Betting Conversion technology delivers and determines the best sportsbook betting offers and experience for each identified user. Using sophisticated, AI-enabled behavioral modeling and tracking technologies, and by analyzing user's past and present behaviors, we serve sports fans with personalized betting offers specifically tied to each fan's favorite sports, teams and players. Additionally, SharpLink specializes in helping sports media companies develop strategies, products and innovative solutions to drive deep customer engagement with highly interactive sports games and mobile applications. SharpLink is run by industry veterans with several successful exits in the sports gaming and iGaming sectors. For more information, please visit the SharpLink website at www.sharplink.com.

Forward-Looking Statements
This release may contain forward-looking statements that are subject to various risks and uncertainties. Such statements may include the expected growth in the online betting industry, the Company’s ability to grow its business, the potential benefits of the Company’s products, services and technologies and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, government regulation of online betting, customer acceptance of new products and services, the effects of the spread of Coronavirus (COVID-19) and future measures taken by authorities in the countries in which we operate on our operations, the demand for our products and our customers' economic condition, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of the Company, the Company’s ability to obtain the capital resources necessary to fund its business, and other risk factors detailed in the Company's annual report and other filings with the United States Securities and Exchange Commission. The Company does not undertake any responsibility to update the forward-looking statements in this release.

CONTACT INFORMATION:

SHARPLINK INVESTOR RELATIONS:		SHARPLINK MEDIA RELATIONS:
SharpLink Gaming Ltd.		Hot Paper Lantern
Dodi Handy, Director of Communications		Michael Adorno, Vice President, Communications
Phone: 407-960-4636		Phone: 212-931-6143
Email: ir@sharplink.com		Email: madorno@hotpaperlantern.com

FAQ

What were SharpLink Gaming's financial results for 2021?

SharpLink Gaming reported its financial results for 2021 in their Form 20-F, highlighting their performance and future business outlook.

When is SharpLink's corporate update webcast?

The corporate update webcast is scheduled for today at 11:30 AM ET.

What is SharpLink Gaming's technology focus?

SharpLink specializes in targeted, data-driven user engagement and conversion solutions for the sports betting and iGaming industries.

What is the significance of the C4 Sports Betting Conversion technology?

The C4 technology is designed to optimize sportsbook betting offers based on user behavior and preferences.

What risks does SharpLink Gaming face in the sports betting industry?

SharpLink faces risks related to regulatory approval, customer acceptance of its products, and the impact of COVID-19 on operations.