makinezmoney
2 years ago
$PMKRF: $7Milly Rev Q4-2021 Results
Press Release | 03/21/2022
Playmaker Capital Inc. (TSX-V: PMKR; OTCQX: PMKRF) (“the Company” or “Playmaker”), the digital sports media company that delivers authentic content through its portfolio of sports media and technology brands, is pleased to report its financial results for the three months ended December 31, 2021 (“Q4 2021”) and for the full year of 2021.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220321005313/en/
Playmaker Reports Fourth Quarter 2021 and Full Year Results Highlighted by Exceptional Organic Growth and Profitability (Graphic: Business Wire)
Playmaker Reports Fourth Quarter 2021 and Full Year Results Highlighted by Exceptional Organic Growth and Profitability (Graphic: Business Wire)
“Our pro forma results for Q4 2021 and full year 2021 demonstrate the continued execution of our strategy. We are acquiring great companies and successfully integrating them to leverage the centres of excellence within each business for the benefit of the entire Playmaker ecosystem. Our audience numbers have grown dramatically. We are now generating over 200 million monthly sessions from more than 85 million unique users across Playmaker’s web properties, generating over 50 million monthly YouTube views and 550K monthly podcast streams, and reaching more than 100 million fans across all major social platforms. We have expanded our distribution channels to deliver relevant content to our fans when they want it, how they want it, and where they want it. Our organic growth has been phenomenal, and we have done it while maintaining a focus on profitability with a 119% increase in pro forma adjusted EBITDA year over year.” said Jordan Gnat, Founder and CEO of Playmaker.
FINANCIAL HIGHLIGHTS (Figures in USD)
Revenue – Revenue was $7.0 million in Q4 2021, compared to $nil in Q4 2020.
Operating Income – Operating income was $0.5 million in Q4 2021, compared to an operating loss of less than $0.1 million in Q4 2020.
Pro Forma Revenue (including all acquisitions to date) – Revenue was $7.5M in Q4 2021, an increase of 49% from $5.0M in Q4 2020. For the twelve months ended December 31, 2021, pro forma revenue was $23.8M, an increase of 91% from $12.5M in the prior year.
Pro Forma Adjusted EBITDA (including all acquisitions to date) – Adjusted EBITDA was $2.9M in Q4 2021, an increase of 23% from $2.4M in Q4 2020. For the twelve months ended December 31, 2021, pro forma adjusted EBITDA was $9.3M, an increase of 119% from $4.2M in the prior year.
Cash and Cash Equivalents – Cash and cash equivalents were $7.1 million at December 31, 2021 compared to $6.6 million at December 31, 2020.
OPERATIONAL HIGHLIGHTS
Playmaker added to its collection of premier sports media brands through the acquisitions of Futbol Sites, Fanáticos, Yardbarker, Two-Up, SoccerMemes, VarskySports, TNN, Super Poker, Cracks and Futmarketing.
Playmaker achieved its highest rankings by Comscore for total web visits in the month of December 2021, ranking as the #6 digital sports media group across the Americas and the #1 regional sports media group across all of Latin America.
Playmaker achieved record engagement metrics in Q4 2021 across its owned and operated web properties, reaching more than 85 million monthly unique users and generating more than 462 million sessions, representing a 50%+ increase over Q4 2020.
Successful migration of Yardbarker’s web monetization to Playmaker Bench, Playmaker’s in-house monetization tech stack; commenced migration of TNN web properties to Playmaker Bench; Futbol Sites and TNN launched content syndication with major news outlets with support of Playmaker’s syndication centre of excellence.
The Morning Bark, Yardbarker’s daily email newsletter, increased its subscriber base to more than 370K.
TNN’s podcast network achieved a monthly record of 550K streams in Q4 2021.
Playmaker brand Cracks generated more than 600 million views on YouTube in 2021.
Playmaker properties reached more than 100 million social media followers across all major platforms including Facebook, Twitter, TikTok, Instagram, YouTube and Twitch.
CONFERENCE CALL
The Company will host a management conference call to discuss its Q4 and full year financial results on March 21, 2022 at 8:30 a.m. (Eastern Time). Hosting the call will be Jordan Gnat, Chief Executive Officer; Jake Cassaday, Chief Operating Officer; and Mike Cooke, Chief Financial Officer.
To participate in the conference call, please dial-in using one of the following numbers approximately five minutes prior to commencement and ask to join the Playmaker call:
Dial-In Number (Toll Free): 1-844-707-6933
Dial-In Number (International): 1-412-317-5796
A replay of the Conference Call will be made available at playmaker.fans/investors.
To sign up for Playmaker Investor Alerts, visit: PMKR Investor Alerts.
TSX VENTURE EXCHANGE DISCLAIMER
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NON-IFRS MEASURES
Some of the information presented in this press release includes non-IFRS financial measures, including, “EBITDA”, “Adjusted EBITDA”, and metrics that are presented on a pro forma basis. These measures are not recognized measures under IFRS and do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS measures by providing further understanding of the Company’s results of operations from management’s perspective. Accordingly, these measures should not be considered in isolation nor as a substitute for analysis of the Company’s financial information reported under IFRS. “Adjusted EBITDA” is defined as earnings before interest, taxes, depreciation and amortization of our operating segments, excluding the head office costs incurred by our corporate segment.
FORWARD LOOKING STATEMENTS
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects Playmaker’s current expectations regarding future events. The words “will”, “expects”, “anticipates”, “believes”, “plans”, “intends” and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specific forward-looking information contained in this press release includes, but is not limited to, statements relating to the future performance or achievements of Playmaker and the Futbol Sites, Yardbarker, Two-Up, TNN, Super Poker, VarskySports, Cracks and Futmarketing transactions, including their continued expansion and growth, and other statements that are not historical facts. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Playmaker’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: changes in general economic, business and political conditions. Playmaker undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
ABOUT PLAYMAKER
Playmaker Capital Inc. (TSX-V: PMKR) is a digital sports media company that lives at the intersection of sports, betting, media and technology. Playmaker is building a premier collection of sports media brands, curated to deliver highly engaged audiences of sports fans to sports betting companies, leagues, teams and advertisers.
Playmaker reports in U.S. dollars, except where noted otherwise, and in accordance with International Financial Reporting Standards (“IFRS”).
For more information, visit: www.playmaker.fans or contact Playmaker Chief Executive Officer Jordan Gnat via email jgnat@playmaker.fans.
Playmaker Capital Inc.
Consolidated Statements of Financial Position
(Stated in U.S. dollars)
December 31, 2021
December 31, 2020
(Note 2)
Assets
Current
Cash and cash equivalents
$
7,111,728
$
6,631,358
Accounts receivable
4,406,719
-
Income taxes receivable
45,711
-
Inventory
18,770
-
Prepaid and other current assets
377,061
3,107
Total current assets
11,959,989
6,634,465
Property and equipment
778,381
610
Intangible assets
45,808,097
-
Goodwill
28,393,097
-
Deferred tax asset
868,116
Other long-term assets
20,720
-
Total assets
$
87,828,400
$
6,635,075
Liabilities
Current
Accounts payable
$
567,572
$
-
Income taxes payable
81,264
-
Deferred revenue
188,993
-
Accrued expenses and other current liabilities
2,623,321
87,767
Current portion of lease liability
88,951
-
Current portion of long-term debt
14,365
-
Current deferred consideration
2,345,759
-
Current contingent consideration
10,475,031
-
Total current liabilities
16,385,256
87,767
Long-term debt
46,708
-
Long-term lease liability
415,057
-
Deferred tax liability
4,237,822
Deferred consideration
1,848,388
-
Contingent consideration
8,837,406
-
Total liabilities
31,770,637
87,767
Shareholders' Equity
Share capital
60,494,370
6,823,258
Contributed surplus
606,863
30,740
Warrant reserve
303,278
38,740
Accumulated other comprehensive (loss) income
(1,368,266)
90,796
Deficit
(3,978,482)
(436,226)
Total shareholders’ equity
56,057,763
6,547,308
Total liabilities and shareholders’ equity
$
87,828,400
$
6,635,075
Playmaker Capital Inc.
Consolidated Statements of Net Loss and Comprehensive Loss
(Stated in U.S. dollars, except share information)
For the years ended December 31,
2021
2020
Revenue
$
14,820,154
$
-
Cost of sales
1,189,901
-
Gross profit
13,630,253
-
Operating expenses
Advertising, commissions and fees
2,666,087
-
Web services and publishing
613,851
-
Salary and wages
5,797,734
92,551
Professional fees
828,410
71,328
General and administration
733,966
45,435
Share-based compensation
576,778
29,908
Depreciation and amortization
648,441
1,179
Total operating expenses
11,865,267
240,401
Operating income (loss)
1,764,986
(240,401)
Listing and filing fees
(1,826,331)
-
Transaction costs
(842,729)
-
Interest expense
(130,144)
-
Other income
21,761
-
Other expenses
(19,819)
(2,201)
Change in fair value of consideration
(2,901,005)
-
Change in fair value of convertible debenture
(678,429)
-
Foreign exchange gain (loss)
849,908
(23,580)
Net loss before taxes
(3,761,802)
(266,182)
Deferred income tax recovery
324,824
-
Current income tax expense
(105,278)
-
Net loss
$
(3,542,256)
$
(266,182)
Other comprehensive (loss) income:
(Loss) gain on translation
(1,459,062)
47,932
Net loss and comprehensive loss
$
(5,001,318)
$
(218,250)
Basic and diluted net loss per share
$
(0.03)
$
(0.05)
Basic and diluted weighted average number of shares
128,850,587
5,565,479
Playmaker Capital Inc.
Consolidated Statements of Cash Flows
(Stated in U.S. dollars)
For the years ended December 31,
Operating activities
2021
2020
Net loss
$
(3,542,256)
$
(266,182)
Depreciation and amortization
648,441
1,179
Share-based compensation
576,778
29,908
Listing fees, RTO costs
618,184
-
Non-cash interest expense
107,434
-
Change in fair value of contingent consideration
2,901,005
-
Change in fair value of convertible debenture
678,429
-
Unrealized foreign exchange (gain) loss
(864,176)
21,969
Deferred income tax recovery
(324,824)
-
Loss on disposal of asset
-
2,201
Change in non-cash working capital:
Accounts receivable
(829,901)
-
Income taxes receivable
9,745
-
Inventory
8,926
-
Prepaid and other current assets
(75,341)
1,442
Accounts payable
(135,661)
(5,757)
Income taxes payable
81,264
-
Deferred revenue
121,810
-
Accrued expenses and other current liabilities
535,098
16,700
Net cash flows provided by (used in) operating activities
514,955
(198,540)
Investing activities
Acquisition of Futbol Sites, net of cash acquired
(6,228,466)
-
Cash acquired through RTO
162,375
-
Acquisition of Fanaticos
(204,290)
-
Acquisition of Yardbarker, net of cash acquired
(9,331,068)
-
Settlement of Yardbarker deferred consideration
(500,000)
Acquisition of SoccerMemes
(100,000)
-
Acquisition of Two-Up, net of cash acquired and debt assumed
(676,764)
-
Acquisition of Varsky
(175,804)
-
Acquisition of TNN, net of cash acquired
(4,163,915)
-
Acquisition of SuperPoker
(1,727,806)
-
Acquisition of Cracks
(478,141)
-
Purchase of property and equipment
(246,415)
-
Purchase of intangibles
(55,590)
-
Net cash flows used in investing activities
(23,725,884)
-
Financing activities
Issuance of preferred shares
5,505,000
5,178,585
Issuance of common shares
19,881,600
382
Issuance costs on preferred and common shares
(1,236,391)
(88,383)
Options exercised
36,704
-
Warrants exercised
18,066
-
Long-term debt repayments
(139,587)
-
Lease liability principal payments
(28,410)
-
Repurchase of preferred shares
-
(166,666)
Net cash flows provided by financing activities
24,036,982
4,923,918
Increase in cash and cash equivalents
826,053
4,725,378
Foreign exchange impact
(345,683)
26,973
Cash and cash equivalents, beginning of year
6,631,358
1,879,007
Cash and cash equivalents, end of year
$
7,111,728
$
6,631,35
makinezmoney
2 years ago
$PMKRF: Redgol FEM launches today
TORONTO--(BUSINESS WIRE)--Playmaker Capital Inc. (TSX-V: PMKR; OTCQX: PMKRF), the digital sports media company that delivers authentic content experiences through its portfolio of sports media and technology brands, announced today that Redgol, a wholly-owned Playmaker subsidiary in Latin America and the largest digital sports media company in Chile, has launched Redgol Fem, a digital platform devoted exclusively to the coverage of women’s sports and telling the stories of female athletes.
“Redgol is proud to bolster its commitment to continue to elevate women by developing Redgol Fem, a trailblazing digital platform that aims to close the gap between men’s and women’s sports and provide women the visibility they deserve.”
Tweet this
Redgol Fem will focus on women’s sports content and deepen the coverage of women’s soccer in Chile and Latin America, featuring monthly interviews and op-eds. In addition, Redgol Fem will provide timely editorial content relating to match schedules, scores, statistics, standings, and soccer tournaments, including the UEFA Women Champions League, Copa América Femenina, Copa Libertadores Femenina, Women’s Euro Cup and Sudamericano Femenino Sub-20 (Women’s U-20 South American tournament), among other marquee women’s sporting events.
In December 2021, Redgol launched Premios Contragolpe 2021, Chile’s first-ever women’s soccer award ceremony, a groundbreaking initiative to recognize, celebrate, and elevate the top female soccer players in the region. The event was exclusively livestreamed across Redgol and provided a platform to acknowledge women’s contributions to Chilean sports and entertainment, and their ability to inspire and promote affinity for sport and awareness for female athletes.
“After four years of publishing world-class women-centric and women-generated content, we believe it is important to continue to provide women’s sports enthusiasts the editorial space and the attention they deserve,” commented Paulina Agüero, Futbol Sites Chile Head of Sales. “Redgol is proud to bolster its commitment to continue to elevate women by developing Redgol Fem, a trailblazing digital platform that aims to close the gap between men’s and women’s sports and provide women the visibility they deserve.”
The launch of Redgol Fem continues to reinforce Redgol’s proven record of creating consistent coverage of women’s sporting events. The site streamed its first-ever women’s soccer show in 2017, broadcasted a Chile Women’s National Team match with an all-female talent crew in 2018, and featured live reports from the 2019 FIFA Women's World Cup in France via Redgol’s on-the-ground female correspondent at the event. Playmaker is committed to advancing the popularity of women’s sports by providing premier content in every region that its brands operate across the Americas.
TSX VENTURE EXCHANGE DISCLAIMER
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ABOUT PLAYMAKER
Playmaker Capital Inc. (TSX-V: PMKR; OTCQX: PMKRF) is a digital sports media company that lives at the intersection of sports, betting, media and technology. Playmaker is building a collection of premier sports media brands, curated to deliver highly engaged audiences of sports fans to sports betting companies, leagues, teams and advertisers.
For more information, visit: playmaker.fans or contact Playmaker Chief Executive Officer Jordan Gnat via email jgnat@playmaker.fans. To sign up for Playmaker’s Investor Alerts, visit: playmaker.fans/investors.
Contacts
MEDIA
Tom Webb - E: tom@redknotcomms.com | T: (+1) 512 952 9369
Larry Fink - E: larry@redknotcomms.com | T: (+1) 702 249 8586
Romilly Evans - E: rom@redknotcomms.com | T: (+44) 7766 752 274
TORONTO--(BUSINESS WIRE)--Playmaker Capital Inc. (TSX-V: PMKR; OTCQX: PMKRF), the digital sports media company that delivers authentic content experiences through its portfolio of sports media and technology brands, announced today that Redgol, a wholly-owned Playmaker subsidiary in Latin America and the largest digital sports media company in Chile, has launched Redgol Fem, a digital platform devoted exclusively to the coverage of women’s sports and telling the stories of female athletes.
“Redgol is proud to bolster its commitment to continue to elevate women by developing Redgol Fem, a trailblazing digital platform that aims to close the gap between men’s and women’s sports and provide women the visibility they deserve.”
Tweet this
Redgol Fem will focus on women’s sports content and deepen the coverage of women’s soccer in Chile and Latin America, featuring monthly interviews and op-eds. In addition, Redgol Fem will provide timely editorial content relating to match schedules, scores, statistics, standings, and soccer tournaments, including the UEFA Women Champions League, Copa América Femenina, Copa Libertadores Femenina, Women’s Euro Cup and Sudamericano Femenino Sub-20 (Women’s U-20 South American tournament), among other marquee women’s sporting events.
In December 2021, Redgol launched Premios Contragolpe 2021, Chile’s first-ever women’s soccer award ceremony, a groundbreaking initiative to recognize, celebrate, and elevate the top female soccer players in the region. The event was exclusively livestreamed across Redgol and provided a platform to acknowledge women’s contributions to Chilean sports and entertainment, and their ability to inspire and promote affinity for sport and awareness for female athletes.
“After four years of publishing world-class women-centric and women-generated content, we believe it is important to continue to provide women’s sports enthusiasts the editorial space and the attention they deserve,” commented Paulina Agüero, Futbol Sites Chile Head of Sales. “Redgol is proud to bolster its commitment to continue to elevate women by developing Redgol Fem, a trailblazing digital platform that aims to close the gap between men’s and women’s sports and provide women the visibility they deserve.”
The launch of Redgol Fem continues to reinforce Redgol’s proven record of creating consistent coverage of women’s sporting events. The site streamed its first-ever women’s soccer show in 2017, broadcasted a Chile Women’s National Team match with an all-female talent crew in 2018, and featured live reports from the 2019 FIFA Women's World Cup in France via Redgol’s on-the-ground female correspondent at the event. Playmaker is committed to advancing the popularity of women’s sports by providing premier content in every region that its brands operate across the Americas.
TSX VENTURE EXCHANGE DISCLAIMER
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ABOUT PLAYMAKER
Playmaker Capital Inc. (TSX-V: PMKR; OTCQX: PMKRF) is a digital sports media company that lives at the intersection of sports, betting, media and technology. Playmaker is building a collection of premier sports media brands, curated to deliver highly engaged audiences of sports fans to sports betting companies, leagues, teams and advertisers.
For more information, visit: playmaker.fans or contact Playmaker Chief Executive Officer Jordan Gnat via email jgnat@playmaker.fans. To sign up for Playmaker’s Investor Alerts, visit: playmaker.fans/investors.
Contacts
MEDIA
Tom Webb - E: tom@redknotcomms.com | T: (+1) 512 952 9369
Larry Fink - E: larry@redknotcomms.com | T: (+1) 702 249 8586
Romilly Evans - E: rom@redknotcomms.com | T: (+44) 7766 752 274
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Renee
4 months ago
