Xtreme One Entertainment Announces Full Year 2024 Financial Results
Xtreme One Entertainment (OTCPink: XONI) reported its full-year 2024 financial results, marking a year of significant brand development in MMA. The company recorded a loss of $5.9 million, or ($0.04) per diluted share, largely due to a $1.9 million non-cash derivative liability charge.
Key 2024 achievements include:
- Production of three major live events: XFC 50 in Florida, XFC Grand Prix II in Detroit, and XFC 51 in Milwaukee
- Agreement with U.S. Department of Defense to broadcast events on American Forces Network reaching military personnel in 153 countries
- Board approval for a $10 million capital raise
- NIL agreements with UFC veterans Henry Cejudo and Jeremy Stephens
- Launch of Xtreme Shareholder Rewards program
For 2025, XONI plans to execute four Main Card fights and nine Young Guns series events, focusing on emerging talent development.
Xtreme One Entertainment (OTCPink: XONI) ha riportato i risultati finanziari per l'intero anno 2024, segnando un anno di significativo sviluppo del marchio nel MMA. L'azienda ha registrato una perdita di $5,9 milioni, ovvero ($0,04) per azione diluita, principalmente a causa di un addebito non monetario per passività derivata di $1,9 milioni.
I principali risultati del 2024 includono:
- Produzione di tre eventi dal vivo di grande rilevanza: XFC 50 in Florida, XFC Grand Prix II a Detroit e XFC 51 a Milwaukee
- Accordo con il Dipartimento della Difesa degli Stati Uniti per trasmettere eventi sulla American Forces Network, raggiungendo il personale militare in 153 paesi
- Approvazione del consiglio per un aumento di capitale di $10 milioni
- Accordi NIL con i veterani UFC Henry Cejudo e Jeremy Stephens
- Lancio del programma Xtreme Shareholder Rewards
Per il 2025, XONI prevede di eseguire quattro combattimenti Main Card e nove eventi della serie Young Guns, concentrandosi sullo sviluppo di talenti emergenti.
Xtreme One Entertainment (OTCPink: XONI) informó sus resultados financieros del año completo 2024, marcando un año de desarrollo significativo de la marca en MMA. La compañía registró una pérdida de $5.9 millones, o ($0.04) por acción diluida, en gran parte debido a un cargo no monetario por pasivos derivados de $1.9 millones.
Los logros clave de 2024 incluyen:
- Producción de tres grandes eventos en vivo: XFC 50 en Florida, XFC Grand Prix II en Detroit y XFC 51 en Milwaukee
- Acuerdo con el Departamento de Defensa de EE. UU. para transmitir eventos en la American Forces Network, alcanzando al personal militar en 153 países
- Aprobación de la junta para una recaudación de capital de $10 millones
- Acuerdos NIL con los veteranos de UFC Henry Cejudo y Jeremy Stephens
- Lanzamiento del programa Xtreme Shareholder Rewards
Para 2025, XONI planea ejecutar cuatro peleas de Main Card y nueve eventos de la serie Young Guns, centrándose en el desarrollo de talentos emergentes.
Xtreme One Entertainment (OTCPink: XONI)는 2024년 전체 연도 재무 결과를 보고하였으며, MMA에서 브랜드 개발의 중요한 해로 기록되었습니다. 이 회사는 $5.9 백만의 손실을 기록했으며, 희석 주당 ($0.04)로, 주로 $1.9 백만의 비현금 파생상품 부채 비용 때문입니다.
2024년의 주요 성과는 다음과 같습니다:
- 플로리다에서의 XFC 50, 디트로이트에서의 XFC Grand Prix II, 밀워키에서의 XFC 51 등 세 개의 주요 라이브 이벤트 제작
- 미국 국방부와의 계약으로 153개국의 군인들에게 도달하는 American Forces Network에서 이벤트 방송
- $10 백만의 자본 조달에 대한 이사회 승인
- UFC 베테랑 헨리 세후도 및 제레미 스티븐스와의 NIL 계약
- Xtreme Shareholder Rewards 프로그램 출시
2025년을 위해 XONI는 네 개의 메인 카드 싸움과 아홉 개의 영건 시리즈 이벤트를 실행할 계획이며, 신진 인재 개발에 집중할 것입니다.
Xtreme One Entertainment (OTCPink: XONI) a publié ses résultats financiers pour l'année complète 2024, marquant une année de développement significatif de la marque dans le MMA. L'entreprise a enregistré une perte de $5,9 millions, soit ($0,04) par action diluée, principalement en raison d'une charge de passif dérivé non monétaire de $1,9 millions.
Les réalisations clés de 2024 incluent :
- Production de trois grands événements en direct : XFC 50 en Floride, XFC Grand Prix II à Détroit et XFC 51 à Milwaukee
- Accord avec le Département de la Défense des États-Unis pour diffuser des événements sur le réseau des forces américaines, atteignant le personnel militaire dans 153 pays
- Approbation du conseil pour une levée de fonds de $10 millions
- Accords NIL avec les vétérans de l'UFC Henry Cejudo et Jeremy Stephens
- Lancement du programme Xtreme Shareholder Rewards
Pour 2025, XONI prévoit d'exécuter quatre combats de Main Card et neuf événements de la série Young Guns, en se concentrant sur le développement de talents émergents.
Xtreme One Entertainment (OTCPink: XONI) hat seine Finanzzahlen für das gesamte Jahr 2024 veröffentlicht, was ein Jahr bedeutender Markenentwicklung im MMA markiert. Das Unternehmen verzeichnete einen Verlust von $5,9 Millionen, oder ($0,04) pro verwässerter Aktie, hauptsächlich aufgrund einer nicht zahlungswirksamen Belastung von $1,9 Millionen für derivative Verbindlichkeiten.
Wichtige Erfolge im Jahr 2024 umfassen:
- Produktion von drei großen Live-Events: XFC 50 in Florida, XFC Grand Prix II in Detroit und XFC 51 in Milwaukee
- Vereinbarung mit dem US-Verteidigungsministerium zur Übertragung von Veranstaltungen im American Forces Network, das Militärangehörige in 153 Ländern erreicht
- Genehmigung des Vorstands für eine Kapitalerhöhung von $10 Millionen
- NIL-Vereinbarungen mit UFC-Veteranen Henry Cejudo und Jeremy Stephens
- Einführung des Xtreme Shareholder Rewards-Programms
Für 2025 plant XONI die Durchführung von vier Main Card Kämpfen und neun Young Guns Serienveranstaltungen, mit dem Fokus auf die Entwicklung aufstrebender Talente.
- Board approved $10 million capital raise for growth
- Secured broadcasting agreement with American Forces Network reaching 153 countries
- Latest event showed best viewership, attendance and revenue to date
- Sequential improvements in ticket sales and streaming viewership across events
- Reported $5.9 million loss in 2024
- $1.9 million non-cash charge for derivative liability
- Company remains unprofitable with significant event production costs
Investments in Revitalizing XFC Brand, Producing Three Live Arena Events Highlight First Full Year for New Management, Sports and Entertainment Strategy
DETROIT, March 31, 2025 (GLOBE NEWSWIRE) -- Xtreme One Entertainment, Inc. (OTCPink: XONI) today announced its financial results for the full year ending December 31, 2024, details of which have been filed within the Company’s annual disclosure statement accessible at https://www.otcmarkets.com/stock/XONI/disclosure.
“This past year was one of growth and tremendous development for the team at Xtreme One Entertainment. We came back swinging with three fully produced live events in Florida, Michigan, and Wisconsin that marked the initial success in reinvigorating the storied, but orphaned XFC brand. I'm incredibly proud of the efforts of the entire team and their dedication to our mission of becoming the preeminent MMA development league in the industry,” said Chris Defendis, Xtreme One President. “As we continue to grow and execute, our fans and athletes continue to see our vision, and that is clear through the building success of our events. We’ve made incredible strides over the past year, and this is only the beginning as we seek to further expand into global MMA markets.”
For the 2024 fiscal year, the Company incurred a loss of
During the year, the Company achieved several significant milestones in pursuit of its strategy to build a global sports and entertainment business:
- Successfully produced XFC 50: Resurrection held in April in Lakeland, Florida. The event was held for a live ticketed audience and broadcast live to pay-per-view audiences in the United States and internationally and featured eight professional bouts.
- XFC Grand Prix II held in late May in Detroit featured nine pro MMA bouts. The second main event marked sequential improvements in key performance measures, including increased ticket sales, increased streaming viewership, and significant improvements in fan engagement through the Company’s website and social media channels.
- The Company announced an agreement with the U.S. Department of Defense to broadcast XFC events live on the American Forces Network to nearly half a million U.S. military personnel in 153 countries.
- XFC 51: Evolution was held in late September in Milwaukee and featured seven professional bouts. The event was held for a ticketed audience and broadcast live to pay-per-view audiences in the United States and internationally.
- The Board approved a strategic growth plan including a
$10 million capital raise to increase the Company's profile and fund future live event production as well as its potential expansion into other sports markets. - The Company entered into Name, Image, Likeness (NIL) agreements with several world-class college wrestlers and combat-sport veterans including UFC greats Henry Cejudo (@HenryCejudo) and Jeremy Stephens (@LilHeathenMMA).
- Xtreme Shareholder Rewards were launched and include perks and VIP event access for verified retail investors. (TiiCKER.com/XONI).
- The Young Guns gym-based series was relaunched beginning in the first quarter of 2025 at Kill Cliff Fight Club. These smaller events featuring emerging MMA talent are produced for television and streaming services with a more attractive cost profile.
Defendis added: “We're incredibly fired up for what this Company has to offer in the coming years, both in the MMA space, as well as in the development of other sports leagues and franchises. As a pure play sports and entertainment company, our ability to identify operational synergies, utilize data and analytics to enhance marketing strategy, and provide retail investors an opportunity to participate in our growth is a competitive advantage compared to our peers. We’ve focused on our live event model, showcasing experienced athletes who excel in their craft. In 2025, we have already brought back our storied ‘Young Guns’ brand with the first two events in the books, providing emerging athletes the opportunity to break into the industry.
“As we execute our strategy, we’re delivering increased sponsorship and media distribution opportunities, including our recent deals with beIN SPORTS and BAND in Brazil. On the operational front, we’ve enhanced our production process, resulting in continued cost reductions while dialing up the quality of our fights and broadcast production, paving the way for future profitability. We have the required experience, leadership, and roster of talent to follow through on our strategic plan starting with a killer main event this past Friday night in Iowa that marked our best viewership, attendance and revenue to date.”
Xtreme One is continuing to build out its fight calendar for 2025 and anticipates a combination of four Main Card fights and nine Young Guns series to source the next generation of professional MMA fighters.
About Xtreme One Entertainment, Inc.
Founded in 1995 as a diversified holding company, http://www.xtremeone.com/Xtreme One Entertainment, Inc. (OTC: XONI) is focused on media, entertainment, live sports, and event marketing. The Company, through its wholly owned subsidiary, XFC Global, Inc. (XFC), is the licensee of all the brands and intellectual property formerly produced and promoted by Xtreme Fighting Championships Inc. worldwide, including over 50 televised professional MMA events spanning hundreds of fights in the U.S. and Latin America produced since 2006. Xtreme One acquired XFC Global in 2023, and under the direction of the Company’s world-class Board and management team, the Company has produced five televised pro MMA events viewed by millions of fans. XFC fights are streamed live on beIN Sports, BAND, Pay Per View, Triller TV, the American Forces Network and a growing number of media platforms.
For more information, visit XtremeOne.com or XFCFight.com. For retail investor rewards, discounts on merchandise, and VIP access to upcoming events, join the Xtreme Shareholder Rewards program at TiiCKER.com/XONI.
Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These statements are subject to risks and uncertainties including, but not limited to, the following: the Company’s lack of history of operating profitability, the need to raise significant capital to fund operations and growth, uncertainty concerning the transition of the Company’s business model, uncertainty concerning market acceptance of the Company’s sports and entertainment marketing offerings, competition and the ability to develop or license intellectual property that is critical to the Company’s business, The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Contact:
Investor Relations for XONI
Zachary Mizener
zmizener@lambert.com
Media Inquiries for XFC
Jen Wenk
jwenk@xtremeone.com
| XTREME ONE ENTERTAINMENT, INC. AND SUBSIDIARIES | ||||||||
| CONSOLIDATED BALANCE SHEETS | ||||||||
| ( | ||||||||
| December 31, | ||||||||
| 2024 | 2023 | |||||||
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash | $ | 5,263 | $ | - | ||||
| Accounts receivable | 8,022 | - | ||||||
| Inventory | 10,597 | - | ||||||
| Prepaid expenses | 35,250 | - | ||||||
| Deposit | 250,000 | - | ||||||
| Total Current Assets | 309,132 | - | ||||||
| Other Assets | ||||||||
| Goodwill and Intangibles | 595,346 | 595,346 | ||||||
| Total Other Assets | 595,346 | 595,346 | ||||||
| Total Assets | $ | 904,478 | $ | 595,346 | ||||
| LIABILITIES AND STOCKHOLDERS' (DEFICIT) | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued expenses | $ | 501,686 | $ | 40,348 | ||||
| Accounts payable and accrued expenses-Related party | 1,538,699 | 198,479 | ||||||
| Notes payable | 972,468 | 847,468 | ||||||
| Derivative liability | 3,280,000 | 1,344,234 | ||||||
| Total Current Liabilities | 6,292,853 | 2,430,529 | ||||||
| Long Term Liabilities | ||||||||
| Notes payable-Related party | 2,225,335 | - | ||||||
| Total Liabilities | 8,518,188 | 2,430,529 | ||||||
| Commitments and contingencies | - | - | ||||||
| Stockholders (Deficit) | ||||||||
| Preferred stock, Class A convertible, $.001 par value, 100,000,000 shares | ||||||||
| authorized, 2,000,000 shares issued and outstanding at | ||||||||
| December 31, 2024 and 2023 | 2,000 | 2,000 | ||||||
| Preferred stock, Class C convertible, $.001 par value, 20,000,000 shares | ||||||||
| authorized, 0 shares issued and outstanding at | ||||||||
| December 31, 2024 and 2023 | - | - | ||||||
| Preferred stock, Class D, $.001 par value, 25,000,000 shares | ||||||||
| authorized, 0 shares issued and outstanding at | ||||||||
| December 31, 2024 and 2023 | - | - | ||||||
| Common stock, $.001 par value, 300,000,000 shares | ||||||||
| authorized, 137,223,434 and 132,073,434 shares issued | ||||||||
| and outstanding at December 31, 2024 and 2023 | 137,223 | 132,073 | ||||||
| Additional paid-in capital | 8,077,979 | 7,993,959 | ||||||
| Accumulated (Deficit) | (15,830,912 | ) | (9,963,215 | ) | ||||
| Total Stockholders' (Deficit) | (7,613,710 | ) | (1,835,183 | ) | ||||
| Total Liabilities and Stockholders' (Deficit) | $ | 904,478 | $ | 595,346 | ||||
| XTREME ONE ENTERTAINMENT, INC. AND SUBSIDIARIES | ||||||||
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||||||
| ( | ||||||||
| Years Ended | ||||||||
| December 31, | ||||||||
| 2024 | 2023 | |||||||
| Revenues | $ | 157,202 | $ | 45,000 | ||||
| Total revenues | 157,202 | 45,000 | ||||||
| Operating Expenses | ||||||||
| Cost of revenues | 1,519,560 | 31,500 | ||||||
| General and administrative | 2,295,994 | 238,399 | ||||||
| Total operating expenses | 3,815,554 | 269,899 | ||||||
| (Loss)/income before other expenses | (3,658,352 | ) | (224,899 | ) | ||||
| Other (expense) | ||||||||
| Forgiveness of debt | - | 11,329 | ||||||
| Relief of debt | - | 185 | ||||||
| Gain on cancellation of preferred stock | - | 174,046 | ||||||
| Derivative loss | (1,935,766 | ) | (1,344,234 | ) | ||||
| Interest expense-Related party | (193,977 | ) | - | |||||
| Interest expense | (79,602 | ) | (18,598 | ) | ||||
| Total other | (2,209,345 | ) | (1,177,272 | ) | ||||
| (Loss)/income before income taxes | (5,867,697 | ) | (1,402,171 | ) | ||||
| Income taxes | - | - | ||||||
| Net (loss)/income | $ | (5,867,697 | ) | $ | (1,402,171 | ) | ||
| (Loss)/income per share-Basic and diluted | $ | (0.04 | ) | $ | (0.01 | ) | ||
| Weighted average shares outstanding | ||||||||
| Basic and diluted | 135,470,838 | 106,347,407 | ||||||
| XTREME ONE ENTERTAINMENT, INC. AND SUBSIDIARIES | |||||||||
| CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||
| ( | |||||||||
| Years Ended | |||||||||
| December 31, | |||||||||
| 2024 | 2023 | ||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||
| Net (loss) | $ | (5,867,697 | ) | $ | (1,402,171 | ) | |||
| Adjustments to reconcile net (loss) to net cash used | |||||||||
| in operating activities: | |||||||||
| Derivative loss | 1,935,766 | 1,344,234 | |||||||
| Cancel Preferred Stock C | - | (185 | ) | ||||||
| Cancel Preferred Stock D | - | (179,046 | ) | ||||||
| Contribution of capital | - | (48,000 | ) | ||||||
| Issuance of common stock for services | 77,420 | - | |||||||
| Payment of debt with common stock | 11,750 | - | |||||||
| Changes in assets and liabilities: | |||||||||
| (Increase) in accounts receivable | (8,022 | ) | 90,000 | ||||||
| (Increase) in inventory | (10,597 | ) | - | ||||||
| (Increase) in prepaid expenses | (35,250 | ) | - | ||||||
| (Increase) in deposits | (250,000 | ) | - | ||||||
| Increase in accounts payable and accrued expenses | 461,338 | (13,311 | ) | ||||||
| Increase in accounts payable and accrued expenses-Related party | 1,340,220 | 198,479 | |||||||
| Notes payable-related party | 2,225,335 | 10,000 | |||||||
| Net cash provided by operating activities | (119,737 | ) | - | ||||||
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||
| Increase in notes payable | 125,000 | - | |||||||
| Net cash (used) by financing activities | 125,000 | - | |||||||
| Net increase in cash | 5,263 | - | |||||||
| CASH AT BEGINNING PERIOD | - | - | |||||||
| CASH AT END OF PERIOD | $ | 5,263 | $ | - | |||||
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||||||||
| Cash paid for interest | $ | - | $ | - | |||||
| Cash paid for income taxes | $ | - | $ | - | |||||
| Payment of debt with common stock | $ | 11,750 | $ | - | |||||
| Change in fair value of derivative liability | $ | 1,935,766 | $ | 1,344,234 | |||||
| Issuance of common stock for services | $ | 77,420 | $ | - | |||||
FAQ
What was Xtreme One Entertainment's (XONI) financial performance in 2024?
How many major XFC events did XONI produce in 2024?
What is XONI's event plan for 2025?
What strategic partnerships did XONI secure in 2024?
