Business
FansUnite to Report Third Quarter Fiscal 2023 Financial Results and Host Earnings Call
FansUnite to Report Third Quarter Fiscal 2023 Financial Results and Host Earnings Call.
About this update from Fansunite Entertainment Inc.
[{"type":"text","content":"Total revenue from continuing operations in the range of $4.5 million to $4.8 million for the three months ended September 30, 2023, a 5% to 12% increase as compared to the same period in the prior year.Gross margin from continuing operations in the range of 56% to 59% for the three months ended September 30, 2023 as compared to 50% for the same period in 2022.Total adjusted EBITDA in the range of $(0.1) million to $0.2 million for the three months ended September 30, 2023, an increase of at least $1.2 million year-over-year.Strategic divestment of iGaming assets to result in annualized cash savings of $7.8 million.Company to host earnings call to discuss third quarter Fiscal 2023 financial results and growth outlook at 10 AM EST / 7 AM PST on Wednesday, November 15, 2023.Vancouver, British Columbia--(Newsfile Corp. - October 31, 2023) - FansUnite Entertainment Inc. (TSX: FANS) (OTCQB: FUNFF) (\"FansUnite\" or the \"Company\") is pleased to announce that it will file its condensed consolidated interim financial statements and associated management's discussion and analysis (\"MD&A\") for the three and nine months ended September 30, 2023, on Tuesday, November 14, 2023. In addition, the management team of FansUnite will host an earnings call to discuss the Company's third quarter Fiscal 2023 financial results and growth outlook at 10:00 AM EST / 7:00 AM PST on Wednesday, November 15, 2023.Q3 Fiscal 2023 Earnings Call DetailsDay: Wednesday, November 15, 2023Time: 10:00 AM EST / 7:00 AM PSTTopic: FansUnite's Q3 Fiscal 2023 financial results and growth outlook for the remainder of 2023Please click the link below to register.https://us02web.zoom.us/webinar/register/WN_o8e4zdIVRoa0gY2rkLrBEgPreliminary Unaudited Third Quarter Fiscal 2023 Financial HighlightsThe Company is also pleased to report preliminary unaudited revenue, gross margin and adjusted EBITDA results for the three months ended September 30, 2023. All amounts are stated in Canadian dollars unless otherwise indicated. Total revenue from continuing operations for the three months ended September 30, 2023, was in the range of $4.5 million to $4.8 million, a 5% to 12% increase as compared to the same period in 2022.Gross margin from continuing operations for the three months ended September 30, 2023, was in the range of 56% to 59% as compared to 50% for the same period i...