Wainwright, 5-star analyst Scott Buck sees a clear path ahead for the company’s continued growth. The deal was worth US$11 million, paid in cash and stock, and brings two main Tabwire assets to Enthusiast: its proprietary technology, and its gamer database, totaling 13 million profiles.Ĭovering Enthusiast Gaming for H.C.
And in a metric that bodes well for the future, Enthusiast Gaming reported 9.9 billion total views of its written and video online content.įurthermore, on June 24, the company closed its acquisition of the online gaming data tracking company Tabwire, owner of TabStats. The company’s direct advertising sales increased from C$60,000 one year ago to C$2.2 million (US$1.79 million) in the current report. Gross profit came in at C$5.9 million (US$4.8 million), for an 80% yoy increase.ĭrilling down, Enthusiast Gaming reported a total of 137,000 paid subscribers as of the end of 1Q21, which indicated 12-month growth of 49%. For the first quarter of 2021, EGLX reported C$30 million revenue (US$24.4 million), up 321% from the year-ago quarter. The company has been growing rapidly, reflecting the popularity of online esports and video gaming. The move from the OTC exchange to the big board saw the EGLX ticker start trading on April 21. The numbers are considerable - the company’s esports brands boast over 100 million franchise fans, while Enthusiast Gaming’s ‘experiential’ segment, the annual live expo, saw more than 200 exhibitors, 30,000 attendees, and 5.6 million online viewers at last year’s event.Īll of that generates a great deal of buzz, and Enthusiast Gaming rode that buzz right onto the NASDAQ index this past April. The company owns and manages scores of brands in online gaming, including forays into journalism, social media, community chats, and actual game play. Enthusiast Gaming, based in Toronto, Canada, is a major of digital media in the online video gaming world. We’ll start with a company that’s hardly new to gamers, although it is new on the NASDAQ. Even better, these small-cap tickers have Strong Buy consensus ratings from the analyst community, and boast strong upside potential – starting at 80%.
With this in mind, we’ve used the TipRanks database to seek out three stocks that meet a profile a market cap under $700 million and a share price below $10.
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