B2Digital on Pace for Breakout Quarter after Strong January Performance
February 22 2022 - 7:30AM
InvestorsHub NewsWire
Company projecting 142% jump in
Sales for 3 Months ending March 31 Driven by Organic Growth Across
Segments and Strong Performance from recently acquired Spartan
Fitness
February 22, 2022 -- InvestorsHub NewsWire --
B2Digital Incorporated (the “Company” or “B2Digital”) (OTCMKTS:BTDG),
the premier development league for mixed martial arts (“MMA”), is
pleased to report unaudited performance metrics for January 2022
along with performance projections for the three months ending
March 31, 2022.
Note: The following numbers represent unaudited
preliminary data subject to potential revision in future financial
reporting.
Highlights for January 2022
(unaudited)
- Total Revenues of $276k in
January, up 45% year over year
- Live Event segment grew 22% year
over year in January despite staging only 2 events during the
month
- The B2 Training Facilities
segment saw revenues jump by 52% year over year in January, driven
by the integration of performance from newly acquired Spartan
Fitness
- Overall Gross Profit grew 18%
year over year in January
Topline Projections for the Three Months Ending
March 31, 2022, based on year-to-date
performance
- Total Revenues of ~$1.1 million,
up 142% year over year
- Live Event Segment revenues of
~$310k, up 62% year over year, broken down into Gate ticket sales
of ~$250k and Pay Per View sales of ~$60k
- B2 Training Facilities segment
revenues of ~$700k, up 165% year over year, broken down into ONE
MORE Gym revenues of ~$360k and Spartan Fitness revenues of
~$340k
“We
are off to a tremendous start in 2022 after integrating Spartan as
both our live event and training segments fire on all cylinders out
of the gates,” remarked Grep P. Bell, CEO of B2 Digital. “Just
based on simple extrapolation from what we are seeing if we drill
down into how each piece of the puzzle has performed year to date,
we can already start to make some reasonable assumptions about
where we will be by the end of March when we wrap up our fiscal
year. With Spartan data involved, and current growth rates
extending through the quarter, we should be on pace to well more
than double what we did last year in fiscal Q4. But the real
acceleration should come after that as we continue to roll up new
training facility locations and expand our live event geographic
footprint through the rest of 2022.”
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 Official B2 Training Facilities Network,
which is comprised of ONE MORE Gym and Spartan Fitness. 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 20 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
B2 Training Facilities segment operates primarily through its ONE
More Gym brand and its Spartan Fitness Facilities brand. The
Company currently operates five ONE More Gym locations, with plans
to continue to scale up the B2 Training Facilities segment at a
pace of 15 new locations over the next 3 years. Both ONE MORE Gym
and Spartan Fitness 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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