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This will continue to go up all week. Also Nasdaq uplist any day.
Earnings coming on the 22nd I believe. Gambling, gaming, sports.. has it all.
Enthusiast Gaming's Pocket Gamer Connects Virtual Conference Posts Record Numbers
Largest digital event to date attracted key sponsors including Facebook, Firebase (Google), MoPub (Twitter), Unity, Xsolla
TORONTO, March 02, 2021 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. ("Enthusiast Gaming" or the "Company") (TSX: EGLX)(OTCQB: ENGMF)(FSE: 2AV) is pleased to announce record breaking registration at its most recent mobile games virtual event, Pocket Gamer Connects Digital #5 ("PGCD #5"), demonstrating the Company's continued success pivoting its events and entertainment business to be able to thrive in a virtual format. Recently, Enthusiast Gaming was ranked by Comscore in the Gaming Information category as #1 in the United States in total unique visitor traffic for mobile web and mobile video, which are the fastest growing and most lucrative channels in digital advertising. The Pocket Gamer community is just one of many video game communities that make up Enthusiast Gaming's platform that engages with 300 million gamers worldwide every month.
Over 1,500 mobile industry delegates, representing over 800 companies across 71 countries tuned in to PGCD #5 over five days last month -- all record numbers. Delegates listened to 250+ speakers across 16 diverse tracks covering a broad spectrum of the industry, with an emphasis on game developers and publishers. Throughout PGCD #5, over 3,300 organized meetings were held online. Further, due to its unique position at the crossroads of the mobile games industry, Pocket Gamer Connects ("PGC") continues to attract an A list of sponsors and industry supporters including Facebook, Firebase (Google), MoPub (Twitter), Unity, Xsolla, Kwalee, CrazyLabs, JoyPac, among many more influential industry players.
Adrian Montgomery, CEO of Enthusiast Gaming commented, "I want to congratulate our Pocket Gamer team on another successful virtual event. With each additional virtual event we host, Enthusiast Gaming continues to grow and strengthen its audience and reach within the mobile games industry, allowing us to expand programming and reach new tier 1 sponsors."
The Pocket Gamer community includes avid mobile gamers, developers (including indies), publishers and more than 26,000 industry professionals worldwide have attended the international conference series, PGC, since 2014 in the UK, Canada, USA, Finland, Hong Kong, Jordan and India as well as through virtual events. PGC provides an important platform for mobile gaming enthusiasts to connect, engage and interact, while providing valuable industry leading expert content and discussion around the mobile gaming scene. PGCD #6 is scheduled for April 19-23, 2021. For more information or to register for PGC Digital visit https://www.pgconnects.com/digital/.
Agreed. The Nasdaq uplist alone will send this.
Samsung partnership news
https://ca.finance.yahoo.com/news/enthusiast-gaming-signs-multi-platform-120000318.html
We are close to a price for big money to roll in. After up listing, this stock will be over 10 IMO.
Nice to see it climb higher and higher with low volume. I believe this stock has been heavily accumulated in the past.
Well...some good strength one the last months. New team continuing to build...big stakes held by mgt...fast growth...insane #'s accessing the varied portals.
Good share value progress since last summer (my first entry)....but see this as having huge forward potential once it becomes more widely known. Nasdaq listing should do it...should get updates in the next weeks...think done 1st half 2021. Look for $6 2021...with legs forward.
excerpts of recent releases...
..."significant growth across a number of key metrics during Black Friday Week, representing the seven-day period from November 24 - 30, 2020, as compared to the corresponding period in 2019 (November 26 - December 2, 2019).
Black Friday is an important event in the digital media industry as there is typically a surge in the demand of digital ad inventory throughout the corresponding week. The Company is pleased to report the following observations for Black Friday Week 2020 vs 2019:
36% growth of total advertising revenue, including programmatic advertising revenue growth of 28%
12% increase in site views, resulting in nearly 800 million web and video content views in one week
An additional 2,000 paid subscribers added to the Company’s web properties, representing an approximately 2% increase in monthly recurring subscribers gained in one week"...
Pro Forma Metrics
Select Pro Forma Financial Metrics: Quarterly and 9 Months 2020
Pro Forma for Omnia Acquisition
(in $M except for EPS) Q120 Q220 Q320 9 months FY20
Total Revenue $26.2 $27.2 $31.7 $85.1
Media and Content $ 22.5 $24.4 $ 29.0 $75.9
Subscription $1.2 $ 1.7 $1.6 $ 4.5
Esports and Entertainment $ 2.5 $ 1.1 $ 1.1 $ 4.7
Gross Margin $4.7 $4.5 $5.3 $14.6
Gross Margin % 18.0 % 16.7 % 16.8 % 17.2 %
Operating Income (loss) ($4.6 ) ($4.3 ) ($4.0 ) ($12.9 )
Operating Margin -17.4 % -15.9 % -12.6 % -15.2 %
Net Income (loss) ($6.1 ) ($6.4 ) ($8.0 ) ($20.5 )
Earnings (loss) Per Share (basic & diluted) ($0.08 ) ($0.09 ) ($0.10 ) ($0.27 )
Select Pro Forma Operating Metrics: Quarterly and 9 Months 2020
Pro Forma for Omnia Acquisition
Q120 Q220 Q320 9 months FY20
Total Views (millions) 9,201 12,485 10,554 32,240
Web pageviews 2,296 3,119 2,427 7,842
Video views 6,905 9,366 8,127 24,398
Paid Subscribers (thousands - as at end of period) 92 111 112 112
I have a good feeling here,now that the new year is upon us and the receipts have been tallied,I believe that we are about to show a huge profit. GLTA
Starting to get recognized by more people. Can get interesting if they keep executing and they are listed on nasdaq.
https://seekingalpha.com/article/4394282-video-game-and-esports-megatrend-behind-enthusiast-gaming-return-300-in-5-years
Organic climb and accumulation going on since the Forbes article.
This is one of my value long holds. I got a decent amount early in the low buck range. This will be one of the few otcbb companies that will be a rags to riches story.
Just a young man playing a video game.
Congrats to longs who held through the structural building phase, now we monetize our market of 300 million visitors a month.
More to come!
Great share. I always called this the Facebook of gamers. Company has put together a massive network of gamers, 300 million monthly visitors. Over 4 billion page views a month. Untapped ad market. GoDaddy, Gillette and Pizza Hut to start advertising. I’m grateful to have a decent position here.
Definitely long on this one.
New Forbes interview with with Enthusiast Gaming CEO Adrian Montgomery.
https://www.forbes.com/sites/drgeraintevans/2020/12/07/building-a-leading-esports-organization-an-exclusive-interview-with-adrian-montgomery-ceo-of-enthusiast-gaming/?sh=414e5edf7671
They have a good audience and a great traffic flow to their sites. Watch what happens when the start monetizing this traffic. Have you seen the YouTube traffic and channels Enthusiast has control over? The merge with Omnia was a huge step for the future growth of the company.
The vast majority of gamers look for video content and live streaming content about gaming and Enthusiast offers more of that content than any other company. The numbers are huge but they are also accurate.
I agree on the monetization. It just seems hard to believe that over 50% of the U.S. population between the ages of 10 and 39 view Enthusiast content monthly.
That’s one of the best things about the company. They already have a massive audience. The growth comes as they begin to monetize that fact. But there is also a much larger gaming audience of 2.5 billion world wide and an e-sports audience alone of 450 million and growing at 15% per year.
I'm new to iHub, and somewhat cynical by nature. Are you concerned about the future growth potential in the U.S.? Their NASDAQ uplist announcement stated Enthusiast reaches a verified audience in the U.S. of over 65m monthly, mostly Millennial and Gen Z, that watch their content. That's a BIG number. The entire U.S. population between ages 10 and 39 (Millennial & Gen Z) is 128m. If you believe their publicly announced reach that more than 1/2 of the entire U.S. population between 10 and 39 already watch their content, that seems pretty saturated to me.
Circuit breaker. Huh.
I wonder what caused the temporary halt.
I heard about it through a twitter feed. Started looking deeper into the company, it was right after the merger. When I seen the monthly visitors and they pretty much have 25% of YouTube traffic this was going to grow into something big. I’m looking forward to some big gains here. Wish I had more shares.
PIckPen
How did you hear about the company? I heard about it when I saw a news article about the Aquilini Group becoming investors. Im a big Vancouver Canucks fan and the Aquilini’s own the team so it caught my attention. Then after reading about the company, I couldn’t believe the massive opportunity and that it was so under the radar!
Man this is going to be one of the biggest sleepers of 2021. Company is building a massive gamers network with the merge of Omnia. This was the foundation of the company. Now to build out the ad revenue streams. This new TV channel is going to bring in a lot of viewers. Another ad revenue stream for the company.
They claim to be the worlds largest gamer network with 300 million visitors a month. 30 billion page views in 9 months this year!
Massive traffic base. Now to monetize that base. $$$$
Talk about a strong week! Some nice intraday consolidation and a steady upward trend. Looking for much more as we approach the Nasdaq uplisting.
I also added today and got some friends in on this.
A consolidated gamer’s network of media outlets. Getting into video is a very innovative step. The merge with Omnia was a very strategic move on both companies. 300 million visitors a month is a great base market to have. I added today.
Gamers make up 25% of YouTube’s audience. It’s going to be insane.
I agree! And starting up a video gamer channel with their 300 million visitors a month will generate a boatload of ad revenue. This is one of my favorite holdings.
Guys we are in the beginnings of a major breakout. This company is hugely under the radar but word is beginning to leak out. Get in this before the NASDAQ uplist!
Could this become the Facebook of gaming? Unbelievable traffic and user interface. I got a small lot to start. IMO it’s below fair value.
Unbelievable how just a gamer guy started a blog and grew into this major traffic generating portal.
Many things still to come.
PIckPen
They got this closed pretty quick, impressive numbers, doesnt seem like market realizes yet. Lets see how it goes when they get uplisted to nasdaq.
https://seekingalpha.com/news/3610092-enthusiast-gaming-closes-omnia-acquisition-transaction-backed-c-17_25m-stock-offering
https://www.enthusiastgaming.com/enthusiast-gaming-closes-acquisition-of-omnia-forming-largest-gaming-media-esports-and-entertainment-platform-in-north-america/
Sounds good! Definitely seems like volume
has been increasing as of late!
Not 100% I think it's going to spring up fast once starts. ETH just jumped again. Thinking we go up into close and break the trend.
Really makes me wonder why the stock
is still so low? Any thoughts?
This looks amazing enormous potential the teams, accounts, partners and everything just looks fa nominal. Leading the way!
Hey sounds great! Thanks for all the
Information. I remember Katusa put
out a promotion on this company
earlier this year. I’ll be looking to buy in
soon. Thanks again.
Hard to know... the reported contacts... bils of eyes... huge growth sector
I just look for a next step how they are sharpening vision and execution
Not a trading stock
Right now totally unknown... merged with another and $ still settling. Their plan is to be full nas in the fall... given revs and scale think realistic. Important Q. More...
Some major catalysts ... and unknowns.
Interesting market with unique position.
Thanks for the reply. I’m still not convinced
but I do wish you the best of luck!
Broke daily downtrend and is consolidating looks fine to me. I’m in
Is this stock legit? It trades really weird?
Thanks.
Still little following...
I’m looking for an uplist in the fall, a good quarter, and some eyeballs $ paying attention soon.
Can’t speak to long term... but think as it transitions into market we could see this at $3.50-$5.00
Plus they have a hand in quiet a few other big engagement opportunities - amazing number of eyeballs.
Question is if they can monetize $ synergies across all their platforms
If they develop a more coherent mission, and deliver a qtr or 2, could see a 2-4x growth to right size valuation to peers.
ENGMF is Parent company to Luminosity Gaming which employs "ninja" one of the most followed streamers. Luminosity also owns Seattle Surge professional Call of Duty team
This is the link to the investment presentation....
https://www.enthusiastgaming.com/presentations-fact-sheets/
I will watch the next qtr closely....but the HUGE asset of viewers and subscribers and the HUGE gap in comparable value to peers should put a tail wind behind the shares as the co gets more and more visibility.
They only just got their OTC standing..and completed a major acquisition.
Looks interesting...took a small position. let me know what you find. thanks
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"
Prior Sales
In the 12-month period preceding the date of this prospectus supplement, the Company has not issued any Common Shares, or any securities convertible into Common Shares, other than as follows:
Security | Number of Securities Issued | Issue Price per Security (if applicable) | Exercise Price per Security (if applicable) | Date of Issue
| Expiry Date (if applicable) | ||||
Common Shares | 226,563(1) | $9.80 | N/a | May 4, 2021 | N/a | ||||
Stock Options | 855,234(2) | N/a | $8.75 | April 13, 2021 | January 1, 2026 | ||||
Share Units | 1,242,577(3) | N/a | N/a | April 13, 2021 | N/a | ||||
Common Shares | 7,383,000(4) | $5.75 | N/a | February 10, 2021 | N/a | ||||
Common Shares | 429,354(5) | $1.55 | N/a | January 20, 2021 | N/a | ||||
Common Shares | 91,009(6) | $2.19 | N/a | December 29, 2020 | N/a | ||||
Stock Options | 743,671(7) | N/a | $3.20 | December 9, 2020 | December 9, 2025 | ||||
Share Units | 1,251,162(8) | N/a | N/a | December 9, 2020 | N/a | ||||
Common Shares | 11,500,000(9) | $1.50 | N/a | August 31, 2020 | N/a | ||||
Common Shares | 18,250,000(10) | $1.65 | N/a | August 30, 2020 | N/a |
Notes:
(1) | On May 4, 2021, Enthusiast Gaming issued 113,282 Common Shares to Damien Thivolle and 113,281 Common Shares to Vlad Matei Mladin in consideration for the acquisition of Vedatis SAS. |
(2) | On April 13, 2021, Enthusiast Gaming granted stock options to certain officers, management, non-executive directors, employees, and consultants of the Company pursuant to the Option Plan. |
(3) | On April 13, 2021, Enthusiast Gaming granted restricted share units to certain officers, management, non-executive directors, employees, and consultants of the Company pursuant to the Company’s share unit plan (the “SU Plan”). |
(4) | On February 10, 2021, Enthusiast Gaming completed a public offering on a bought deal basis of 7,383,000 Common Shares at a price of $5.75 per Common Share, for gross proceeds of $42.5 million. |
(5) | On January 20, 2021, Enthusiast Gaming issued 429,354 Common Shares in fulfilment of a deferred share payment relating to the acquisition of Steel Media Ltd. by Enthusiast Gaming in October 2019. The issue price per Common Share was determined in accordance with the applicable share purchase agreement. |
(6) | On December 29, 2020, Enthusiast Gaming issued 91,009 Common Shares for services received. The issue price per Common Share was determined in accordance with the applicable services agreement. |
S-27 |
(7) | On December 9, 2020, Enthusiast Gaming granted stock options to certain officers, management, and non-executive directors of the Company pursuant to the Option Plan. |
(8) | On December 9, 2020, Enthusiast Gaming granted restricted share units to certain officers, management, and non-executive directors of the Company pursuant to the SU Plan. |
(9) | On August 31, 2020, Enthusiast Gaming completed a public offering on a bought deal basis of 11.5 million Common Shares at a price of $1.50 per Common Share, for gross proceeds of $17.25 million. |
(10) | On August 30, 2020, Enthusiast Gaming issued 18.25 million Common Shares to the Selling Shareholder in consideration for the purchase and sale of Omnia Media Inc. |
Enthusiast Gaming Holdings Inc.
USD$46,000,000
8,000,000 Common Shares
This prospectus supplement, together with the accompanying short form base shelf prospectus of Enthusiast Gaming dated May 6, 2021 (the “short form base shelf prospectus”) qualifies the distribution (the “Offering”) of 8,000,000 common shares (the “Firm Shares”) in the capital of Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) at a price of USD$5.75 per Firm Share (the “Offering Price”). The Offering Price has been determined by negotiation between Enthusiast Gaming and RBC Dominion Securities Inc. (the “Lead Underwriter”), on their own behalf and on behalf of the other Underwriters (as defined herein).
Notes:
(1) | The Offering Price has been determined by negotiation between Enthusiast Gaming and the Lead Underwriter, on its own behalf and on behalf of the other Underwriters. The price to the public is payable to the Underwriters in US dollars and proceeds to Enthusiast Gaming will be payable by the Underwriters in US dollars. |
(2) | Enthusiast Gaming and Blue Ant Media Inc. (the “Selling Shareholder”) have agreed to indemnify the Underwriters against certain liabilities, including liabilities under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). See “Plan of Distribution”. |
(3) | Before deducting expenses of this Offering payable by the Company estimated at USD$924,000 which, together with the Underwriters’ fee payable by the Company, will be paid from the general funds of the Company. |
(4) | The Company and the Selling Shareholder have granted to the Underwriters an option (the “Over-Allotment Option”), exercisable in whole or in part at the sole discretion of the Underwriters at any time until the date that is 30 days following the Closing Date (as defined herein), |
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