Enthusiast Gaming Holdings Inc (EGLXF)

[StockLogistics]

Monster assets vs liabilities/great Q3:

“Enthusiast Gaming Reports Third Quarter 2021 Results

Record revenue of $43.3 million, including direct sales of $6.8 million
Record gross profit of $10.1 million
Paid subscribers grew to an all-time high of 207,000

TORONTO, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Enthusiast Gaming Holdings Inc. (NASDAQ:EGLX; TSX: EGLX), (“Enthusiast Gaming” or the “Company”), today announced financial results for the three and nine months ended September 30, 2021. All amounts are stated in Canadian dollars unless otherwise indicated.

Third Quarter 2021 Financial and Operating Highlights

• Revenue of $43.3 million, a 165% increase vs revenue of $16.3 million in Q3 2020
• Direct sales of $6.8 million, a 580% increase vs direct sales of $1.0 million in Q3 2020
• Gross profit of $10.1 million, a 146% increase vs gross profit of $4.1 million in Q3 2020
• Paid subscribers of 207,000 as at September 30, 2021, an 85% increase vs paid subscribers of 112,000 as at September 30, 2020
• Cash balance of $33.5 million as at September 30, 2021, as compared to $4.3 million as at December 31, 2020
• Completed acquisitions of GameKnot and Addicting Games
• Net cash used in operating activities of $3.8 million vs $3.7 million in Q3 2020
• Net and comprehensive loss of $12.3 million, or $0.10 per common share, vs $8.0 million and $0.10, for Q3 2020

“This has been an outstanding quarter for Enthusiast Gaming across our key categories,” commented Adrian Montgomery, CEO of Enthusiast Gaming. “Ongoing momentum in direct sales, the acquisition of Addicting Games, and the renewal and addition of key partners continues to power revenue and gross profit numbers that demonstrate the strength of our strategy. Our team’s ability to continue acquiring accretive properties, attract quality partners, and deliver the best fan experience through our flywheel of content, creators, and communities continues to deliver against and exceed expectations.”“

https://www.otcmarkets.com/filing/html?id=15345921&guid=AV3wkn4B4DwfJth

Could see a major run here imo