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ESE Entertainment Inc. CEO, Konrad Wasiela, is Featured on The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - February 6, 2023) - The Stock Day Podcast welcomed ESE Entert...
About this update from Ese Entertainment Inc
[{"type":"text","content":"ESE Entertainment Inc. CEO, Konrad Wasiela, is Featured on The Stock Day PodcastPhoenix, Arizona--(Newsfile Corp. - February 6, 2023) - The Stock Day Podcast welcomed ESE Entertainment Inc. (TSXV: ESE) (OTCQX: ENTEF) (\"the Company\"), a global technology company focused on gaming and esports, to the show. The CEO of the Company, Konrad Wasiela, joined Stock Day host Everett Jolly.Jolly began the interview by asking about the Company's current financial position. \"We had just under a $16 million in revenue last fiscal published quarter, which is annualized at a $64 million run-rate,\" shared Wasiela. \"When we listed publicly 2 years ago, we had just a few hundred thousand in revenues and now our $64 million run-rate for the year shows extraordinary growth,\" he said. \"For the last nine months, we've also reflected positive adjusted-EBITDA,\" said Wasiela. \"Not only are we growing, but we are also increasing margins and are getting close to profitability,\" he continued. \"To your point, we believe we are potentially undervalued from a perspective that we are trading at half the value of our revenue when our comparables are trading at higher multiples.\"\"Who are some of ESE's core customers and partnerships to date?\" asked Jolly. \"We announced a partnership with Google a few months back,\" said Wasiela. \"We also partnered with multiple NASDAQ listed companies,\" he added, noting that these partnerships have also included Electronic Arts, Ubisoft, Riot Games, all of which are multi-million dollar groups that are recurring clients. \"These are long-term deals that are creating stability and sustainability.\"The conversation then turned to the significance of the gaming industry, which is expected to grow to a $268 billion revenue market size by 2025. \"The opportunity for growth here in the next three to five years is exponential,\" said Wasiela. \"I think it is a generational opportunity.\"Jolly then asked about the Company's revenue model. \"It is actually very simple,\" explained Wasiela. \"Video game developers, like Electronic Arts, pay us to leverage our proprietary technology to acquire new players and new users onto their platforms,\" he said. \"It is performance-based, and numbers don't lie; we've had nine straight quarters of growth.\"Wasiela then elaborated on the Company's iGaming, online casino gambling offerin...