Sunday, October 24, 2021 10:03:39 AM
10/21/21, 6:30 AM
Preliminary Revenue Figures Represent Quarterly Sequential Growth of Greater than 135%
AUSTIN, Texas and NEW YORK, Oct. 21, 2021 (GLOBE NEWSWIRE) -- AutoLotto, Inc., doing business as Lottery.com (“Lottery.com” or the “Company”), a leading technology company that is transforming how, where and when lottery is played, and Trident Acquisitions Corp. (Nasdaq: TDACU, TDAC, TDACW) (“Trident”) today provided preliminary revenue results for Lottery.com’s third quarter 2021, which are expected to be between $22.0 million and $24.0 million. This represents sequential revenue growth of greater than 135% compared to $9.3 million in the second quarter of 2021. The strong growth was driven by increased sales in the Company’s B2B segment.
On a preliminary basis, revenue through the first nine months of 2021 is expected to be between $36.8 million and $38.8 million on a reported basis and $38.7 million and $40.7 million on a pro forma basis giving effect to the acquisition of 80% interests in JuegaLotto and Aganar, two companies with legalized lottery operations within Mexico. Through the first nine months of 2021, pro forma revenue is expected to be more than 270% above the full twelve months of 2020, after giving effect to the acquisition of the interests in JuegaLotto and Aganar.
Tony DiMatteo, Chief Executive Officer of Lottery.com, stated, “I am proud of our strong third quarter preliminary results, which our team achieved while also focusing on completing our business combination. Lottery.com is a nimble organization with multiple avenues for growth and we have demonstrated our ability to generate very positive results with modest capital. With the completion of our business combination expected in the very near future, we anticipate using the proceeds from the business combination to accelerate growth by leveraging our favorable customer acquisition costs in continuing to expand our customer base.”
On Feb. 21, 2021, Lottery.com entered into a definitive agreement with Trident, a special purpose acquisition company, to become a publicly-traded company. The registration statement on Form S-4 (the “Registration Statement”) filed by Trident relating to this business combination with the Securities and Exchange Commission (“SEC”) was declared effective by the SEC on October 15, 2021, and is available publicly on the SEC’s website at www.sec.gov. Trident will hold a special meeting of its stockholders via a live webcast at https://www.cstproxy.com/tridentacquisitions/2021 on October 28, 2021 at 10:00 a.m., Eastern standard time (“Special Meeting”) for its stockholders of record as the close of business on October 13, 2021 to vote on the proposed business combination, as well as other proposals.
Recent LTRY News
- Lottery.Com Signs MOU to Acquire CMF Media (CMF) to Facilitate Sports.Com’s Production of Original Content • GlobeNewswire Inc. • 09/25/2024 05:37:43 PM
- Sports.com Expands Geographical Footprint, Launching in New Markets Across Asia • GlobeNewswire Inc. • 09/23/2024 11:53:00 AM
- Lottery.com Completes Acquisition of S&MI Ltd, Rebranding as Sports.com Media Ltd • GlobeNewswire Inc. • 09/05/2024 12:00:36 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 07:59:02 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 08/29/2024 07:25:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/20/2024 09:14:06 PM
- Lottery.com Finalizes Agreement Terms for S&MI Ltd Acquisition • GlobeNewswire Inc. • 08/20/2024 06:57:54 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 09:27:58 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2024 07:49:13 PM
- Lottery.com Finalizes Acquisition of S&MI Ltd • GlobeNewswire Inc. • 08/14/2024 07:20:21 PM
- Sports.com Expands Partnership With Bango • GlobeNewswire Inc. • 08/14/2024 02:25:30 PM
- Lottery.com Announces Appointment of New Strategic Financial Adviser to Accelerate and Expand Global Reach and Acquisition Strategy • GlobeNewswire Inc. • 05/13/2024 08:14:12 PM
- Sports.com, Inc. Expands Live Sports Broadcasting to KSA and UAE With Upcoming EFC Events • GlobeNewswire Inc. • 05/08/2024 08:00:00 AM
- Lottery.com Inc. Relaunches Sweepstakes Operations • GlobeNewswire Inc. • 04/25/2024 06:22:42 PM
- Lottery.com, Inc. Nominates Warren Macal to Its Board of Directors • GlobeNewswire Inc. • 04/22/2024 05:01:21 PM
- Lottery.com Regains Full Nasdaq Compliance • GlobeNewswire Inc. • 04/11/2024 02:23:53 PM
- Sports.com Embarks on Major Content Strategy Expansion Following Successful Live Streaming Event • GlobeNewswire Inc. • 04/05/2024 04:53:23 PM
- Sports.com Strikes a Blow in the Digital Sports Arena With Free Live Stream of Wardley vs. Clarke Bout • GlobeNewswire Inc. • 03/28/2024 05:26:28 PM
- Sports.com Unveils Newly Designed Mobile App for iOS and Android • GlobeNewswire Inc. • 03/07/2024 04:19:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/22/2024 10:27:46 PM
FEATURED ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • Oct 10, 2024 8:09 AM
FEATURED CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM