Company Posts Equally Impressive Improvement
in Operating Margin
Alliance MMA, Inc. ("Alliance MMA" or the "Company")
(NASDAQ:AMMA), a professional mixed martial arts (MMA) company that
brings together the best regional productions to build the next
generation of MMA champions, today announced financial results for
the second quarter ended June 30, 2017.
“Our strong second quarter operating results reflect impressive
gains in each of the most important key performance indicators for
an enterprise at our stage of development,” said Paul Danner, Chief
Executive Officer of Alliance MMA. “We are especially pleased with
our 48% increase in revenue over the previous quarter, based in
part on the incremental contribution of our most recent
acquisitions. Most importantly, we believe that this clear trend in
improving revenue puts us on track to achieve a cash-flow positive
position in the not too distant future. As previously reported, now
that we’re operating in eleven regional MMA promotions, we are well
on our way towards creating a persistent presence in the top 20
domestic media markets. Moreover, we are continuing to make
positive strides in achieving our stated objective of producing at
least 125 professional MMA events per year, which in turn will
facilitate attracting national brand sponsorships, and securing a
more robust broadcast video distribution presence.”
John Price, Chief Financial Officer, added, “During the second
quarter, the collective contribution of our regional MMA events,
solid execution by our electronic ticketing platform CageTix.com,
and strong performance by our fighter management firm SuckerPunch
Entertainment, resulted in a 43% operating margin, a 14% increase
over the first quarter of this year. The positive trend of these
key financial performance metrics, which we expect to continue
going forward, coupled with the recent cash infusion from our
capital raise of approximately $1,500,000 to support our ongoing
acquisition program, is highly encouraging as we proceed in
executing our business plan in a methodical, expeditious
manner.”
To date, Alliance MMA has built a family of regional MMA
promotions in eleven separate geographical markets: New
Jersey-based Cage Fury Fighting Championships (CFFC),
Washington-based Combat Games MMA
(COGA), Indiana-based Hoosier Fight
Club (HFC), Tennessee-based V3Fights
(V3), Maryland-based Shogun Fights, Ohio-based Iron Tiger
Fight Series (IT Fight Series), Florida-based Fight Time
Promotions, Georgia-based National Fighting Championship
(NFC), and Los Angeles-based Roy Englebrecht Promotions (Fight
Club OC), as well as a San Diego-based promotion under the
guidance of MMA luminary Eric Del Fierro, and
a Tampa-based promotion under the direction of veteran
promoter John Prisco.
Please see our Form 10-K for the year ended December 31, 2016
and our Form 10-Q for the three months ended March 31, 2017, which
can be found at http://ir.alliancemma.com, for more information
concerning our financial condition and performance during such
periods.
About Alliance MMA, Inc.
Alliance MMA (NASDAQ:AMMA) is a professional mixed martial arts
(MMA) company that brings together the best regional productions.
Alliance MMA's mission is to identify and cultivate the next
generation of fighters and champions for the Ultimate Fighting
Championship (UFC) and other premier MMA promotions.
With some of the world’s leading MMA promotions under the
Alliance MMA umbrella, the organization aims eventually to host in
excess of 125 events per year, showcasing more than 1,000 fighters.
Alliance MMA is also dedicated to generating live original sports
media content, attracting an international fan base, and securing
major brand sponsorship revenue for live MMA events, digital media,
and Alliance MMA fighters.
MMA is the world’s fastest growing sport with worldwide fans of
approximately 300 million according to sports marketing research
firm Repucom. MMA is a full contact sport that allows a wide range
of fighting techniques, including striking and grappling from
various martial arts and disciplines including Boxing, Wrestling,
Brazilian Jiu Jitsu, Karate and Muay Thai. Professional MMA fights
are legal and regulated by state athletic commissions in all 50
states.
Alliance MMA, Inc. was incorporated in 2015 for the purpose of
acquiring businesses that engage in the promotion of mixed martial
arts (MMA) events. In 2016, the company completed an initial public
offering that culminated in a listing on the NASDAQ stock exchange.
Alliance MMA is the only mixed martial arts promotion company that
is publicly-traded.
For more information visit, www.alliancemma.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws. These statements relate
to anticipated future events, future results of operations or
future financial performance. In some cases, you can identify
forward-looking statements by terminology such as “may,” “might,”
“will,” “should,” “intends,” “expects,” “plans,” “goals,”
“projects,” “anticipates,” “believes,” “estimates,” “predicts,”
“potential,” or “continue” or the negative of these terms or other
comparable terminology. Actual results may differ materially from
historical results or those indicated by these forward-looking
statements as a result of a variety of factors including, but not
limited to, those discussed under the heading “Risk Factors” in our
registration statement on Form S-1 (Registration No. 333-213166)
declared effective by the Securities and Exchange Commission on
September 2, 2016. Alliance MMA encourages you to review other
factors that may affect its future results in Alliance MMA’s
registration statement and in its other filings with the Securities
and Exchange Commission.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170814005994/en/
For Alliance MMA, Inc.PR:Matthew Cassidy,
484-340-2871mcassidy33@gmail.comorIR:James Platek,
212-739-7825jplatek@alliancemma.com
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