B2 Digital Reports Financial and Operational Highlights for Three and Six Months Ended September 30, 2021
November 16 2021 - 8:00AM
InvestorsHub NewsWire
Year Over Year: Revenues up over 385%, Gross
Profits up over 275%, Assets up over 30%. Fifth Consecutive Quarter
of Double-Digit Sequential Topline
Growth
November 16, 2021 -- InvestorsHub NewsWire --
B2Digital Incorporated (the “Company” or “B2Digital”) (OTCMKTS:BTDG),
the premier development league for mixed martial arts (“MMA”), is
pleased to announce the filing of the Company’s financial
performance data for the Three and Six Months ended September 30,
2021.
Financial Highlights for Three and Six Months
Ended September 30, 2021
- Revenues for the Three Months
ended Sep 30 of $660k, up 386% on year-over-year basis
- Revenues for the Three Months
ended Sep 30 up 16% on Sequential Quarterly basis – Fifth
consecutive quarter of double-digit sequential topline
growth
- Revenues for the Six Months
ended Sep 30 of $1.23 million, up 527% on year-over-year
basis
- Live Event Revenues for the Six
Months ended Sep 30 of $488k, up 1,608% on year-over-year
basis
- Gym Revenues for the Six Months
ended Sep 30 of $544k, up 516% on year-over-year basis
- Total Gross Profits for the Six
Months ended Sep 30 of $697k, up 375% on year-over-year
basis
- Total Assets up 30%
year-over-year to $3.8 million
“We
continue to see strong growth, logging our fifth straight quarter
of double-digit topline expansion,” commented Greg P. Bell, CEO of
B2Digital. “This can no longer be framed as a trend related to
post-pandemic reopening for either our gym or live event segments
given that the Delta variant wave was primarily a feature of this
September quarterly performance, and we still saw 16% growth over
our June quarter. We also continue to see both strategic and
organic growth in our gym segment, and we strongly feel that brand
growth from our live events is beginning to represent a tailwind
for our gym segment.”
Management points to plans for additional
acquisitions as well as increasing average per-event revenues and
an increasing per-quarter pace of live events as key factors
supporting an outlook for continued strong growth
ahead.
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
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