Business
ESE Entertainment: A Year of Record Growth and Milestones Achieved
VANCOUVER, BC / ACCESSWIRE / November 9, 2022 / ESE Entertainment Inc. (" ESE " or the " Com...
About this update from Ese Entertainment Inc
[{"type":"text","content":"ESE Entertainment: A Year of Record Growth and Milestones AchievedVANCOUVER, BC / ACCESSWIRE / November 9, 2022 / ESE Entertainment Inc. (\"ESE\" or the \"Company\") (TSXV:ESE) (OTCQX:ENTEF), is a gaming and esports company that provides a range of technology and services to leading video game developers.To help new and existing investors better understand ESE's current operations and future objectives, ESE Chief Executive Officer, Konrad Wasiela, is pleased to provide the following corporate update on the 2022 fiscal year.Mr. Wasiela stated, \"As we start executing our fiscal 2023 plans, I would like to take this opportunity to thank our shareholders and share some highlights that ESE accomplished in the 2022 fiscal year, including our key milestones and objectives. We surpassed revenue goals, reached positive adjusted EBITDA, formalized partnerships with some of the world's largest companies, signed agreements with tier-1 publishers and completed a successful acquisition. Our team's relentless work ethic, alongside a strategic business plan, yielded a successful 2022. We are now setting our sights on following up 2022 with an even stronger year in 2023.\"Financial PerformanceESE has completed its 2022 fiscal year, which ended on October 31, 2022. ESE anticipates filing its annual audited financial statements by February 28, 2023, the filing deadline.\"We anticipate record financial performance in Q4 with our strongest numbers yet. We have been focused on scaling our business with margins and profitability at the top of our minds. By sticking to our business plan and executing on key milestones, we have positioned ourselves to continue scaling into fiscal 2023\", stated Mr. Wasiela.Gaming Technology2022 has been an important year for ESE's gaming technology business, with key indicators showing a solid upward trend. Key highlights for fiscal 2022 include:73% year-over-year growth in gaming technology business unit;2.4M new users generated in 2022, up from 805,000 in 2021, representing approximately 300% growth;11 new clients in 2022, one of which is a multi-million dollar partnership with a major Asian game developer;released phase 1 of Singularity, a proprietary DataLake/BI infrastructure for big data ingestion and processing; andthe Company's gaming technology division became a certified Google Partner.Ecommerce UnitESE is su...