CORAL GABLES, FL / ACCESSWIRE / January 8, 2019 / Every seasoned athlete knows that every sport, be it basketball or golf, is ultimately a test of cognition. When we watch NBA players like Lebron James hit a game-winning 3-pointer or professional golfers like Tiger Woods putt their way to a PGA trophy, rarely do we consider their mental toughness and ability to perform under stress. Cognitive assessment technology for professional athletic development represents a multi-billion dollar industry that is piping hot with investor opportunities. As athletes recognize a never-before-seen realm of competitive edge over their opponents, one company, in particular, has what it takes to get ahead of the ball and connect. As more athletes see the power of using technology to help them reach the top of their game, XSport Global, Inc. (XSPT), Glu Mobile Inc (GLUU), Electronic Arts Inc (EA), and Activision Blizzard Inc (ATVI) are 4 sports tech stocks that could knock it out of the ball park on Tuesday.
XSport Global, Inc. (XSPT) is a company that is leading the cognitive assessment technology industry as they seek to further the success of high-performance athletes around the world through "leading sciences, innovative technologies, and pioneering digital media."
In late-November 2018, XSport Global, Inc. (XSPT) announced their rapid development of FitLinkDNA, a service designed to help athletes train, compete, and perform at their full capacity. Per the announcement, the service will include a set of comprehensive digital reports that will become the athletes' digital blueprint - allowing them to develop a tailored, personalized, wellness regimen.
Robert Finigan, CEO of XSport Global, Inc. (XSPT), said, "Decoding the human genome is one of the most significant undertakings that has ever been mounted in the history of science. DNA sequencing has revolutionized our understanding of the human genome and provided insights that were beyond comprehension just ten years ago. By taking it a step further and using that knowledge to provide real solutions to genetic level problems, the Company is working to monetize advanced technology and its applications in one of the most high-growth, highest-grossing global industries ever."
Glu Mobile Inc (GLUU), a leading developer and publisher of mobile sports games, announced their financial results for the Company's third quarter in early November. In addition to this update, the Company also provided an outlook for its financial performance headed into the new year.
At the time of the announcement, Nick Earl, Chief Operating Officer and Chief Financial Officer, said, "Our strong top line marks our seventh consecutive quarter of reporting improved year over year bookings growth. This accomplishment reflects our decision to pivot away from celebrity titles and focus our resources on Growth games that can grow bookings year over year while generating sustainable profitability and free cash flow. These improved financial results and our increased outlook for the full year put us on track for a record 2018 in terms of bookings, adjusted EBITDA profitability and free cash flow. We believe we remain on track to reach our long-term financial goals and are excited about our future."
Electronic Arts Inc (EA), one of the leading producers in the video game industry, announced in early December that their VIP Demo for Anthem, one of their newest games, would be available for download closer to the start of the new year. According to the announcement, demo players will be the first Freelancers to face the dangers of the world ofAnthem, and will receive an in-game item celebrating their trailblazing spirit.
Mike Gamble, Lead Producer for Anthem, said, "It's time for the fans to get their hands on Anthem and experience it for themselves. We truly hope they enjoy this taste of flying and fighting in this brand-new world our team has been crafting for many years."
Activision Blizzard Inc (ATVI) enjoyed an impressive 4.79% to its company shares in mid-afternoon trading on Monday, with shares trading $50.82 per share. The boost could be related to the Company's recent press release which came early last week, saying that the Company plans on releasing its fourth quarter 2018 results after the close of the market on Tuesday, February 12, 2019. In conjunction with this release, the Company will host a conference call that will be broadcast over the internet.
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