B2Digital Updates Performance Guidance as Record Quarter Nears an End
September 22 2021 - 8:00AM
InvestorsHub NewsWire
September 22, 2021 -- InvestorsHub NewsWire --
B2Digital Incorporated (the “Company” or “B2Digital”) (OTCMKTS:BTDG),
the premier development league for mixed martial arts (“MMA”), is
excited to announce unaudited performance results for month of
August along with preliminary guidance for the three months ending
September 30, 2021.
August 2021 Performance
(Unaudited)
- B2
Fighting Series Gate, PPV, and Food & Beverage for August 2021
came in at approximately $88k
- ONE
MORE Gym revenues for August 2021 came in at approximately
$115k
- Total consolidated August 2021 revenues came in
at $203k
Three Months Ended September 30 Updated
Performance Data (Unaudited)
- Total consolidated July 2021 revenues came in at
$310k
- Total consolidated August 2021 revenues came in
at $203k
- Total consolidated September 2021 revenues are
on pace to come in at $160k on just one B2FS
Event
- Q2
(SepQ) now on track for $673k topline, which would represent 18.3%
sequential quarterly growth and 395% growth on a year-over-year
basis, and would represent a new record for the
Company
“This is a great snapshot for the Company, but
it really doesn’t scratch the surface of where we believe this
model is headed,” remarked Greg P. Bell, CEO of B2Digital. “We have
both engines firing at this point, and we are starting to see real
brand growth, which fuels the potential for our current growth rate
to significantly accelerate in the quarters
ahead.”
Management notes that September’s performance
will be adversely impacted by having only one scheduled B2 Fighting
Series event in September with an estimated $45K in Revenue. If,
instead, September had four events as in the past months with
similar results, the quarterly year-over-year growth rate would
have been nearly 500% and the sequential growth rate on a
multi-quarter basis would be parabolic.
The
Company plans to continue driving expansion through both organic
growth and strategic activity, with multiple potential deals on the
radar heading into the final calendar quarter of the
year.
Finally, management happily reports that the
Covid-19 Delta wave over the past two months has had no negative
impact on ONE MORE Gym memberships.
Bell added, “As recently communicated, we are
seeing an additional branding boost from the pure quality of our
roster of talented fighters and upcoming fights in the B2 Cage. Who
will win, who will achieve their dream and go to the next level. It
is going to be exciting to watch. We hope to see you
there!”
About B2Digital Inc.
B2Digital (OTC:
BTDG) is the premier development league for mixed martial arts
(“MMA”). The Company operates in two major branded segments: The B2
Fighting Series and The ONE More Gym Official B2 Training
Facilities Network. The Company primarily derives revenues from
live event ticket sales, pay-per-view ticket sales, content media
marketing, and fitness facility
memberships.
The
Live Events segment (the B2 Fighting Series) is primarily engaged
with scheduling, organizing, and producing live MMA events,
marketing those events, and generating both live audience and PPV
ticket sales, as well as creatively marketing the archived content
generated through its operations in this segment. The Company also
plans to generate additional revenues over time from endorsement
deals with global brands as its audience grows. The B2 Fighting
Series is licensed in 12 US states to operate LIVE MMA Fights. Most
B2 Fighting Series events sell out at the gate. The Company now
operates at a pace of more than 40 events per
year.
The
Fitness Facility segment operates primarily through the ONE More
Gym Official B2 Training Facilities Network. The Company currently
operates five ONE More Gym locations, with plans to continue to
scale up this segment at a pace of 4-8 new locations per year. ONE
More Gym locations include specialized MMA training resources and
serve a recruiting function for the Company's Live Events
segment.
For
more information about B2Digital, visit the Company’s website
at www.B2FS.com.
B2Digital has a growing social media presence.
Follow us on:
Twitter: @B2digitalOTC
Facebook: https://m.facebook.com/b2digitalotc/
B2Digital: MMA’s Premier Development
League
www.B2FS.com
B2 Fighting Series Pay Per View
Link
www.b2mma.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This Press Release contains
forward-looking statements within the meaning of the securities
laws. These statements relate to future events and involve known
and unknown risks, uncertainties and other factors that may cause
our actual results, levels of activity, performance, or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. You should not place
undue reliance on forward-looking statements since they involve
known and unknown risks, uncertainties and other factors which are,
in some cases, beyond our control and which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
For more information, please
contact:
information@b2fs.com
Public Relations:
Tiger Marketing & Branding Agency
info@TigerGMP.com
B2Digital (CE) (USOTC:BTDG)
Historical Stock Chart
From Mar 2024 to Apr 2024
B2Digital (CE) (USOTC:BTDG)
Historical Stock Chart
From Apr 2023 to Apr 2024