slbg - SLBG STOCK NEWS

Slinger (OTCQB:SLBG) reported a solid third-quarter fiscal 2021, ending January 31, 2022, with revenue at $4.2 million, up from $4.1 million. Year-to-date revenue reached $12.1 million, a 66% increase year-over-year. The company sold over 7,200 Slinger Bag launchers, with significant growth in global demand. However, margins were affected by increased logistics costs. Guidance for total revenue in fiscal 2021 is projected between $16 - 17 million, reflecting 48 - 57% growth. The company also announced upcoming product launches and integration of new technologies to enhance its connected sports platform.

Slinger (OTCQB: SLBG) has completed its acquisition of PlaySight Interactive Ltd., a leader in sports video technology, enhancing its 'Watch, Play, Learn' strategy. The combined entity projects revenues of approximately $35 million in the first year. PlaySight's technology is widely used across multiple sports, including partnerships with 18 NBA teams and over 125 NCAA athletic programs. The acquisition aims to integrate PlaySight's capabilities into Slinger's platform, positioning it for significant growth in the sports technology sector.

Slinger (OTCQB: SLBG) has completed the acquisition of GAMEFACE.AI, enhancing its AI-driven capabilities in sports technology. This strategic move supports Slinger's 'Watch, Play, Learn' strategy, initially targeting tennis with an innovative app leveraging GAMEFACE.AI's analytics engine. The AI market in sports is projected to grow nearly 30% annually, providing Slinger with opportunities to expand into betting and big data sectors. This acquisition aligns with Slinger's goal to deliver desired insights and data to consumers and operating partners.

Slinger (OTCQB: SLBG) announces a 4-year exclusive partnership with Dunlop, becoming the official ball provider for Slinger across the global tennis market. This collaboration aims to enhance the performance of Slinger Bag launchers with superior tennis balls. Dunlop will co-brand its premium FORT TR Plus and FORT XTRA Life balls with eco-friendly packaging, promoting sustainability. Slinger has experienced significant growth, achieving over $250M in retail value from global distribution agreements since Spring 2020.

Slinger (OTCQB: SLBG) reported a remarkable 106% year-over-year revenue growth, reaching $5.4 million for Q2 FY2021, driven by strong sales of the Slinger Bag. Gross profit also improved to $2.1 million. However, the company faced a significant GAAP net loss of $38.8 million with a loss per share of ($0.95). The quarter highlighted plans for two strategic acquisitions aimed at enhancing their Watch, Play, Learn technology platform and expanding market reach, while guiding for total revenue of $17 - $18 million for FY2021.

Slinger (OTCQB: SLBG) is set to provide an investor strategy update and report Second Quarter Fiscal 2021 results on December 22, 2021. The earnings release will be published on Form 8-K and available on its Investor Relations website. A webcast at 10:00 AM ET will discuss the company's Watch, Play, Learn strategy and future opportunities for Slinger, GAMEFACE.AI, and PlaySight, followed by a Q&A session. Slinger Bag has achieved significant retail partnerships valued at over $250 million since Spring 2020.

Slinger (OTCQB: SLBG) announced CEO Mike Ballardie has been honored as ‘Business Executive of the Year’ by Racquet Sports Industry magazine. Under his leadership, Slinger has achieved significant growth, including a record-breaking quarter with revenue exceeding $5.5 million, up over 100% year-on-year. The company also secured distribution deals valued at over $250 million and reported $1.2 million in sales during its Black Friday/Cyber Monday promotion. Ballardie’s strategic acquisitions in technology are setting the stage for Slinger’s evolution in connected sports.

On December 15, 2021, Slinger (OTCQB: SLBG) announced its second-quarter fiscal results for 2021, highlighting a record revenue of $5.4 million, reflecting a 106% year-over-year growth from $2.6 million. The gross profit rose to $2.1 million, up 100.4%. However, the company reported a GAAP operating loss of ($35.1 million), significantly higher than ($0.2 million) a year prior. The company is currently collaborating with its auditor to address technical accounting issues related to convertible notes, resulting in a postponement of the 10-Q filing and the earnings conference call originally scheduled for December 15.

Slinger (OTCQB: SLBG) has extended its distribution agreement with Tennis Bot, enhancing its presence in the Philippine market. Tennis Bot, a prominent Asian racquet sports distributor, has successfully represented Slinger in multiple countries, including Indonesia and Malaysia. The partnership aims to capitalize on the growing demand for tennis, spurred by rising participation in the Philippines. Slinger has achieved distribution agreements worth over $250M globally since 2020, positioning its Slinger Bag as a leading product in tennis technology across 65+ countries.