$ESE just released their corporate updates/financial results (ending April 30) yesterday so let’s look and do some analysis on the numbers.
- Quarterly revenues hit $716,293 (last year = $42,174). 1698% YOY increase and 350% over the previous Q
- $ESE’s milestone acquisition of World Performance Group (not really included/revenue only accounted for 28 days of operation. April 12-30), next quarter should see a far higher number and more revenue growth over the quarter
- Total assets of $6,087,941 (last year = $842,093). 723% YOY increase
- Completed bought deal financing on July 19th. 6,164,000 shares at $1.40, raising a total of $7,870,955 (after expenses). With $7.9M in the bank, the cash is expected to improve capital stability further, support business growth, and allow ESE to execute on its existing M&A pipeline
- Acquisitions: K1CK and WPG ($14M revenue in 2020) have been completed this year, with Digital Motorsports still under an LOI
There’s so much great stuff in the update so make sure to check it out. $ESE has been sending out deal-after-deal this year, and I expect some significant revenue growth next quarter, which will make these look like amateur numbers. Every day $ESE’s goal of becoming a leading infrastructure provider, team franchise owner, and distributor of eSports. Will be loading up here as they continue to expand the business aggressively!
VANCOUVER, British Columbia, July 22, 2021 (GLOBE NEWSWIRE) -- ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) (the “Company” or “ESE”), is a Europe-based entertainment and technology company focused on esports, and particularly on media rights rel
VANCOUVER, British Columbia, July 22, 2021 (GLOBE NEWSWIRE) -- ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) (the “Company” or “ESE”), is a Europe-based entertainment and technology company focused on esports, and particularly on media rights rel
Big day yesterday as they announced they officially closed their previously announced bought deal public offering and the Additional Over - allotment option.
- resulting in total gross proceeds of of $8,629,600 - with Canacord Roth Canada, ULC, Stifel Nicolaus Canada Inc., and PI Financial Corp.
Really to an update from ESE to see what projects they are looking to put this capital towards
In other news ESE’s acquisition deal with Digital Motorsports should be closing within a month
The market is prime for consolidation and this deal have ESE taking off throughout Europe in a hurry.
- DMS is running European scale tournament - have partnerships all throughout Europe - distribution globally
Video games and esports are booming globally, with massive growth coming from India, Latin America, and Asia.
Looking forward to an update on ESE Entertainments Acquisition deal with Digital Motorsports’ for 100% of the issued and outstanding securities in the capital of Digital Motorsports
This is an Irish company that provides infrastructure, technology, and support for esports across the globe – particularly in the simulation racing sector. They’ve worked with some of the world’s most recognized brands
ESE and DM share a vision of becoming the number one global brand for esports in the motorsports industry.
$ESE is still climbing up. It was up 7.2% yesterday and another 2.3% today.
Their gaming technology seems really promising, lIke their Virtual Pitstop company, which can scan racetracks into 3D models, but I've also been looking into their company as a whole and it seems like good stuff.
They also own World Performance Group which runs one of the first exclusively gaming call centres.
Many different gaming companies run their customer service through WPG and there seems to be a lot of room for growth, especially as games become more complicated.
This is a good interview with their founder/CEO that explains a lot about the company as a whole as wells as his personal background in sports and gaming:
In case you missed it, check out this interview by the Wall Street Reporter with CEO of $ESE $ESE.v Konrad Wasiela.
They discuss
Goal of $100 million MC by end of 2021 The addition of Rick Brace to the team (Former President of Rogers Media) Recent acquisition of Digital Motor Sports Focus on motor sports gaming Etc.
Great day for $ESE ,up 12.1% @$1.57 M , market cap $80.66 M
ESE Entertainments Acquisition deal with Digital Motorsports’ could close as soon as Mid July.
Digital Motorsports is an Irish company that provides infrastructure, technology, and support for esports across the globe – particularly in the simulation racing sector. They’ve worked with some of the world’s most recognized brands
ESE and DM share a vision of becoming the number one global brand for esports in the motorsports industry.
Keep an eye on $ESE in the next couple weeks for their acquisition of 100% of the issued and outstanding securities in the capital of Digital Motorsports
ESE Entertainment ( $ESE.V , $ENTEF ) is back up 2% today and I think they are going to keep rising
This is because they operate throughout the gaming sector.
They have diversified daughter companies that focus on:
Esport teams (K1ck Esports), 3D scanning and modelling technology (Virtual Pitstop), entertainment and technology (ESE Gaming), and customer service (WPG)
Now might be a good time to get in before it rises above $1.57CAD (where it was in late June)
I also like this interview with their CEO from Proactive. It goes into his goals to growing the ESE to the next billion-dollar Esports company: https://www.youtube.com/watch?v=d8gi9oERtC4
$ESE.V operates across the gaming sector from operating physical broadcasting infrastructure to owning esports teams.
$ESE ( $ENTEF ) is down today so it might be a good time to jump in
One of their daughter companies (Virtual Pitstop) can scan real race tracks and make 3D replicas to be used in games
I think the realism that Virtual Pitstop offers in its models is going to be in increasing demand
Additionally their CEO has a clear vision for the company, modeling his business decisions off of what he has seen work in the traditional sports sector.
In case you missed it check out this interview by Wall Street Reporter with CEO of $ESE Konrad Wasiela, they discuss
Goal of $100 million MC by end of 2021 The addition of Rick Brace to the team (Former President of Rogers Media) Recent acquisition of Digital Motor Sports Focus on motor sports gaming Etc.
ESE Entertainment Inc. ( $ESE , $ENTEF ) just announced that it has filed a short form prospectus and has gotten a receipt in every province except Quebec.
This is a critical step for ESE to secure an underwriting agreement with Canaccord Genuity Corp, Roth Canada, ULC, Stifel Nicolaus Canada Inc., and PI Financial Corp.
The Underwriters are agreeing to collectively purchase (on a "bought deal" basis) 5,360,000 units @ $1.40 of ESE
This will lead to $7,504,000 in gross proceeds to ESE
Each Unit consists of one share of ESE as well as a warrant to purchase another share @ $1.95
$ESE.v has also granted the Underwriters the option to purchase up to an additional 804,000 Units at the Issue Price
If this option is exercised in full ESE will gain $1,125,600 in additional gross proceeds
This deal is expected to close on or about July 19, 2021
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
ESE up 4% today closing at $1.31 , following yesterdays announcement of receipts from each Canadian province (aside from Quebec) for their filed short form prospectus
Canaccord Genuity Corp, Roth Canada, ULC, Stifel Nicolaus Canada Inc., and PI Financial Corp. will purchase an aggregate of 5,360,000 units leading to gross proceeds of $7,504,000 to $ESE !
The Offering is expected to close on or about July 19, 2021
ESE has also granted the underwriters Over-Allotment Option to purchase up to an additional 804,000 Unit which if completed will lead to an additional $1,125, 600 for ESE
Looking forward to an update from the company and seeing which projects/ endeavours the capital will be used towards
Just read an article from the Midas Letter, and this could easily be a $100M+ company very soon. $ESE has a rapidly growing business in a rapidly growing eSports industry. $ESE is aiming to be profitable by the end of the year in addition to aggressively acquiring companies that will help increase revenue and profit margins. By providing the essential infrastructure for eSports, $ESE is looking good since there is little competition that can compare to them. And, as COVID vaccines are administered worldwide and travel/events begin to be allowed once again, I can only expect $ESE to accelerate their growth.
The current price of $1.42 is an absolute steal right now. In the future, $ESE will be a massive company and I'm adding to my position during the dips.
$ESE dipping today, providing a solid entry at $1.58.
They've recently announced a production deal with the Bitcoin Vault for a esports and gaming talent show. The Gaming show is expected to launch in China, Japan, South Korea, Vietnam, and Brazil, and will highlight amateur esports athlete's' skills in popular mobile games developed by Tencent Holdings Ltd. (here's the link to the article: https://ceo.ca/@nasdaq/ese-signs-content-production-deal-with-the-bitcoin)
With a market cap of only $80.28M, $ESE has massive growth potential as they continue to scale their operations globally.
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) -- ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) (the “Company” or “ESE”) is pleased to announce that it has signed a seven-figure content production contrac
VANCOUVER, British Columbia, May 06, 2021 (GLOBE NEWSWIRE) -- ESE Entertainment Inc. (TSXV: ESE) (OTCQB: ENTEF) (the “Company” or “ESE”) is pleased to announce that it has signed a seven-figure content production contrac
$ESE CEO Konrad Wasiela recently talked about, in a Wall Street Reporter interview, ENTEF’s latest acquisition in the E-Sports space - Digital Motorsports, which is generating about $5 million in annualized revenues. He continued by discussing $ESE ‘s goal of building a global e-sports business with a valuation of $1 billion + saying, “ESE now has a growing M&A pipeline with over $100 million annual revenues.” and that he expects to close a significant number of these potential transactions in the coming months.
- Quarterly revenues hit $716,293 (last year = $42,174). 1698% YOY increase and 350% over the previous Q
- $ESE’s milestone acquisition of World Performance Group (not really included/revenue only accounted for 28 days of operation. April 12-30), next quarter should see a far higher number and more revenue growth over the quarter
- Total assets of $6,087,941 (last year = $842,093). 723% YOY increase
- Completed bought deal financing on July 19th. 6,164,000 shares at $1.40, raising a total of $7,870,955 (after expenses). With $7.9M in the bank, the cash is expected to improve capital stability further, support business growth, and allow ESE to execute on its existing M&A pipeline
- Acquisitions: K1CK and WPG ($14M revenue in 2020) have been completed this year, with Digital Motorsports still under an LOI
https://finance.yahoo.com/news/ese-entertainment-provides-corporate-130000965.html
There’s so much great stuff in the update so make sure to check it out. $ESE has been sending out deal-after-deal this year, and I expect some significant revenue growth next quarter, which will make these look like amateur numbers. Every day $ESE’s goal of becoming a leading infrastructure provider, team franchise owner, and distributor of eSports. Will be loading up here as they continue to expand the business aggressively!
Some highlights of the update:
-ESE Entertainment Inc. ( $ESE , $ENTEF) had quarterly revenues of $716,293, compared to $42,174 in year prior
-Their total assets this quarter are worth $6,087,941, compared to $842,093 in 2020
- After completing their "bought deal" public offering on July 19th ESE gained net proceeds of $7,870,955
It is important to note that ESE’s most recent consolidated quarterly financial results do not account for their earning after April 30, 2021
The update also summarized many big moves that ESE made this spring, including:
-The acquisition of World Performance Group Ltd.
- Signing an LOI to acquire Simulation Racing Company, Digital Motorsports
- Signing a content production contract with Electric Vault Sp. for a roll-out of a gaming and esports talent show
- launched the Rio Ave FC K1CK Cup, an FIFA 21 tournament in Rio
The report also highlighted ESE's future objectives:
- ESE will pursue new acquisitions
- They will continue to focus expansion on Europe and Asia but also have hopes to begin expanding into North America
- and they will continue to seek out strong partnerships with game developers, publishers, and media outlets
Overall great news for them. The spike in their stock price says it all.
Full article here:
https://www.globenewswire.com/news-release/2021/07/22/2267405/0/en/ESE-Entertainment-Provides-Corporate-Update.html
Big day yesterday as they announced they officially closed their previously announced bought deal public offering and the Additional Over - allotment option.
- resulting in total gross proceeds of of $8,629,600
- with Canacord Roth Canada, ULC, Stifel Nicolaus Canada Inc., and PI Financial Corp.
Really to an update from ESE to see what projects they are looking to put this capital towards
In other news ESE’s acquisition deal with Digital Motorsports should be closing within a month
The market is prime for consolidation and this deal have ESE taking off throughout Europe in a hurry.
- DMS is running European scale tournament
- have partnerships all throughout Europe
- distribution globally
$ESE @$1.22 , mc $62.68 M
Video games and esports are booming globally, with massive growth coming from India, Latin America, and Asia.
Looking forward to an update on ESE Entertainments Acquisition deal with Digital Motorsports’ for 100% of the issued and outstanding securities in the capital of Digital Motorsports
This is an Irish company that provides infrastructure, technology, and support for esports across the globe – particularly in the simulation racing sector. They’ve worked with some of the world’s most recognized brands
ESE and DM share a vision of becoming the number one global brand for esports in the motorsports industry.
$ESE @ $1.41 , mc $72.44 M
ESE’s stated goal is to build a global E-Sports business with a valuation of $1 Billion+.
4 main portfolio companies :
- ESE Gaming
- Virtual Pitstop
- WPG
- K1CK Esports
$ESE expected to close a significant number of potential transactions in the coming months.
They’ve got high quality partnerships with tier 1 automobile companies including a deal with Digital Motorsports which should be closing soon.
- DM is a world renowned company that provides infrastructure and tech for esports across the globe with a focus on the simulation racing sector
$ESE.V @ $1.28 , mc $65.76 M market cap
Their gaming technology seems really promising, lIke their Virtual Pitstop company, which can scan racetracks into 3D models, but I've also been looking into their company as a whole and it seems like good stuff.
They also own World Performance Group which runs one of the first exclusively gaming call centres.
Many different gaming companies run their customer service through WPG and there seems to be a lot of room for growth, especially as games become more complicated.
This is a good interview with their founder/CEO that explains a lot about the company as a whole as wells as his personal background in sports and gaming:
https://www.youtube.com/watch?v=U5Wlyv_olGA
They discuss
Goal of $100 million MC by end of 2021
The addition of Rick Brace to the team (Former President of Rogers Media)
Recent acquisition of Digital Motor Sports
Focus on motor sports gaming
Etc.
$ENTEF ‘s MC is $70.9M.
Check it out
https://www.youtube.com/watch?v=-_81fQgCqaQ
ESE Entertainments Acquisition deal with Digital Motorsports’ could close as soon as Mid July.
Digital Motorsports is an Irish company that provides infrastructure, technology, and support for esports across the globe – particularly in the simulation racing sector. They’ve worked with some of the world’s most recognized brands
ESE and DM share a vision of becoming the number one global brand for esports in the motorsports industry.
Keep an eye on $ESE in the next couple weeks for their acquisition of 100% of the issued and outstanding securities in the capital of Digital Motorsports
This is because they operate throughout the gaming sector.
They have diversified daughter companies that focus on:
Esport teams (K1ck Esports), 3D scanning and modelling technology (Virtual Pitstop), entertainment and technology (ESE Gaming), and customer service (WPG)
Now might be a good time to get in before it rises above $1.57CAD (where it was in late June)
If you are wanting more info you can check out their investors' page:
https://ese.gg/stockwatch/
I also like this interview with their CEO from Proactive. It goes into his goals to growing the ESE to the next billion-dollar Esports company:
https://www.youtube.com/watch?v=d8gi9oERtC4
$ESE ( $ENTEF ) is down today so it might be a good time to jump in
One of their daughter companies (Virtual Pitstop) can scan real race tracks and make 3D replicas to be used in games
I think the realism that Virtual Pitstop offers in its models is going to be in increasing demand
Additionally their CEO has a clear vision for the company, modeling his business decisions off of what he has seen work in the traditional sports sector.
This is a great interview with him here where his vision for ESE and the gaming sector in general: https://www.youtube.com/watch?v=E0yClE3VOAU
Goal of $100 million MC by end of 2021
The addition of Rick Brace to the team (Former President of Rogers Media)
Recent acquisition of Digital Motor Sports
Focus on motor sports gaming
Etc.
Current MC is $69.61M.
Check it out
https://www.youtube.com/watch?v=-_81fQgCqaQ
This is a critical step for ESE to secure an underwriting agreement with Canaccord Genuity Corp, Roth Canada, ULC, Stifel Nicolaus Canada Inc., and PI Financial Corp.
The Underwriters are agreeing to collectively purchase (on a "bought deal" basis) 5,360,000 units @ $1.40 of ESE
This will lead to $7,504,000 in gross proceeds to ESE
Each Unit consists of one share of ESE as well as a warrant to purchase another share @ $1.95
$ESE.v has also granted the Underwriters the option to purchase up to an additional 804,000 Units at the Issue Price
If this option is exercised in full ESE will gain $1,125,600 in additional gross proceeds
This deal is expected to close on or about July 19, 2021
you can read more here: https://ceo.ca/@nasdaq/ese-announces-receipt-for-final-short-form-prospectus
Video games and esports are booming globally, with massive growth coming from India, Latin America, and Asia.
A few more key points from the Wall Street Reporter Interview with CEO Konrad Wasiela
- CEO Konrad Wasiela on new director Rick Brace:
- “guys like this do not come onto companies unless they see massive potential”
- he believes in the billion+ dollar vision for $ESE
- He talks about the quality of ESE partnerships with tier 1 automobile companies
- Digital Motorsports deal to close approx mid JUlY -mid AUG
- discusses last weeks bitcoin Vault deal, to rollout a reality tv show for e sports in gaming
- in Japan, Vietnam , Korea , Brazil
$ESE @$1.35 , mc $68.6 M
Canaccord Genuity Corp, Roth Canada, ULC, Stifel Nicolaus Canada Inc., and PI Financial Corp. will purchase an aggregate of 5,360,000 units leading to
gross proceeds of $7,504,000 to $ESE !
The Offering is expected to close on or about July 19, 2021
ESE has also granted the underwriters Over-Allotment Option to purchase up to an additional 804,000 Unit which if completed will lead to an additional $1,125, 600 for ESE
Looking forward to an update from the company and seeing which projects/ endeavours the capital will be used towards
market cap $67.3 M
The current price of $1.42 is an absolute steal right now. In the future, $ESE will be a massive company and I'm adding to my position during the dips.
Some of the se assets include:
- ESE Gaming (entertainment and technology)
- K1CK Esports (manages espots teams)
- Virtual Pitstop (provides 3D racetrack scanning and modelling technology to gaming developers)
- WPG (gaming related only call-centre company)
Globe Newswire featured $ESE in an article today about some of their "leaders in focus"
In this article, they highlight that:
- ESE has a growing M&A pipeline with over $100 million annual revenues
- ESE’s stated goal is to build a global E-Sports business with a valuation of $1 Billion+.
You can read more here: https://www.globenewswire.com/news-release/2021/07/07/2259189/0/en/Leaders-in-Focus-FireEye-AI-ML-Innovations-Exela-Technologies-and-ESE-Entertainment.html
Another key point from the Wall Street Reporter Interview with CEO Konrad Wasiela
He talks about how fired up he is about the appointment of new director Rick Brace:
- from an operators standpoint -he’s built two multi Billion dollar companies: Rogers and Bell Media
- the former president of both companies
- “guys like this do not come onto companies unless they see massive potential”
- he believes in the billion+ dollar vision for $ESE
- He definitively states his intention for ESE to achieve 100 M revenue by the end of 2021
- He talks about the quality of ESE partnerships with tier 1 automobile companies
- approx 60-90 days until Digital Motorsports deal closes.
- discusses last weeks bitcoin Vault deal, to rollout a reality tv show for e sports in gaming
- in Japan, Vietnam , Korea , Brazil
$ESE was up 5.8% today, closing at $1.64, MC $83.33 M
They've recently announced a production deal with the Bitcoin Vault for a esports and gaming talent show. The Gaming show is expected to launch in China, Japan, South Korea, Vietnam, and Brazil, and will highlight amateur esports athlete's' skills in popular mobile games developed by Tencent Holdings Ltd. (here's the link to the article: https://ceo.ca/@nasdaq/ese-signs-content-production-deal-with-the-bitcoin)
With a market cap of only $80.28M, $ESE has massive growth potential as they continue to scale their operations globally.
Current MC is $68.6M.
Full interview here
https://www.youtube.com/watch?v=-_81fQgCqaQ&t=836s