Playgon Reports Q1 2024 Financial and Operational Highlights and Provides Further Business Update
Playgon Reports Q1 2024 Financial and Operational Highlights and Provides Further Business Update
Vancouver, British Columbia--(Newsfile Corp. - May 31, 2024) - Playgon Games Inc. (TSXV: DEAL) (OTC Pink: PLGNF) (FSE: 7CR) ("Playgon" or the "Company"), a propriety SaaS technology company delivering mobile first live dealer technology to online gaming operators globally, announces its financial results for the first quarter 2024. For complete details please refer to the Financial Statements and associated Management's Discussion and Analysis for the first quarter ended March 31, 2024, available on SEDAR () or the Company's website (). All amounts are in Canadian Dollars unless otherwise indicated.
不列顛哥倫比亞省溫哥華--(Newsfile Corp.-2024 年 5 月 31 日)- Playgon Games Inc.(多倫多證券交易所股票代碼:DEAL)(場外交易代碼:PLGNF)(金融證券交易所:7CR) (“Playgon” 或 “公司”)是一家專有的SaaS技術公司,向全球在線遊戲運營商提供移動優先的真人荷官技術,該公司公佈了2024年第一季度的財務業績。有關完整詳情,請參閱截至2024年3月31日的第一季度財務報表和相關管理層的討論與分析,該報告可在SEDAR()或公司網站()上查閱。除非另有說明,否則所有金額均以加元計算。
Q1 2024 Financial Highlights:
2024 年第一季度財務亮點:
During the three months ended March 31, 2023, the Company saw a decrease in player activity due to an operator account ceasing its operations which affected revenue and Key Performance Indicators ("KPI's") for the period.
在截至2023年3月31日的三個月中,由於運營商賬戶停止運營,該公司的玩家活動有所減少,這影響了該期間的收入和關鍵績效指標(“KPI”)。
- For the three months ending March 31, 2024, the Company generated revenues of $230,289 (March 31, 2023 - $288,009), from its Live Dealer platform, which represented an decrease of 20% quarter over quarter.
- The net loss for the for the three months ending March 31, 2024 was $4,489,773 (March 31, 2023 - $4,003,281) which was a increase of 12% from the comparative quarter. The increase in loss is primarily related to an increase in interest expense releated to the outstanding convertible debentures.
- 在截至2024年3月31日的三個月中,該公司通過其真人荷官平台創造了230,289美元(2023年3月31日至288,009美元)的收入,同比下降了20%。
- 截至2024年3月31日的三個月,淨虧損爲4,489,773美元(2023年3月31日爲4,003,281美元),比同期增長了12%。虧損的增加主要與未償還的可轉換債券相關的利息支出的增加有關。
Q1 2024 Operational Highlights:
2024 年第一季度運營亮點:
- Total wagering turnover for the three months ended March 31, 2024, was $235 million compared to $336 million during the comparative quarter, representing a decrease of 30%. The decrease in turnover was driven by an operator ceasing its operations. Excluding this operators results from the comparative quarter, the remaining operators saw an increase in turnover of $93 million representing an increase of 65% in organic customers player activity.
- The number of wagers placed (betspots) in the quarter were 6.8 million wagers compared to the comparative quarter of 8.1 million wagers, which reflects a decrease of 16%.
- The average daily turnover for the quarter, was $2.6 million compared to $3.7 million in the comparative quarter.
- Average bet size for the quarter was $59 compared to $64 in the comparative quarter, representing a decrease of 8%.
- Adjusted KPI's, excluding the now defunct operator, were positive when comparing the quarters ended March 31, 2024 and 2023. Total and average daily wagering turnover increased by 65% and number of wagers (betsports) increased by 13%. This reflects over all growth with the installed base of existing customers on the platform, excluding the unforeseen one time loss.
- 截至2024年3月31日的三個月,總投注額爲2.35億美元,而同期爲3.36億美元,下降了30%。營業額下降是由運營商停止運營所推動的。不包括該運營商的比較季度業績,其餘運營商的營業額增加了9300萬美元,這意味着有機客戶參與者的活動增長了65%。
- 本季度的投注數量(betspots)爲680萬次,而同期爲810萬次下注,下降了16%。
- 該季度的平均每日營業額爲260萬美元,而同期爲370萬美元。
- 該季度的平均下注額爲59美元,而同期爲64美元,下降了8%。
- 與截至2024年3月31日和2023年3月31日的季度相比,調整後的關鍵績效指標(不包括現已停業的運營商)爲正。每日總投注量和平均投注額增長了65%,下注數量(betsports)增加了13%。這反映了平台上現有客戶安裝量的總體增長,不包括不可預見的一次性損失。
Business Updates
業務更新
Further to Playgon's news release update on May 3rd 2024 the Company wishes to provide the following additional updates with respect new market entry, integration pipeline and new business.
進一步了解 Playgon 於 5 月 3 日發佈的新聞稿第三方 2024 年公司希望就新的市場進入、整合渠道和新業務提供以下額外更新。
Integration Pipeline
集成管道
Our integration pipeline is progressing well, with significant developments in recent months:
我們的整合渠道進展順利,最近幾個月取得了重大進展:
- Completed Integrations: We successfully completed 8 integrations with new customers, and final production testing is currently underway. We expect these accounts to be online within the current quarter.
- In-Progress Integrations: There are 10 integrations currently in progress, with these customers anticipated to be online by Q3 this year.
- Pending Integrations: We have 15 pending integrations that will commence once resources become available from the current work-in-progress projects.
- 已完成的集成: 我們成功完成了與新客戶的8次集成,最終的生產測試目前正在進行中。我們預計這些賬戶將在本季度內上線。
- 正在進行的集成: 目前有10項集成正在進行中,預計這些客戶將在今年第三季度之前上線。
- 待整合: 我們有15個待整合項目,一旦當前正在進行的項目有可用資源,就會開始整合。
In total, Playgon has 33 integrations on our roadmap. This robust pipeline underscores the strong market demand for our product and our potential to significantly expand our market presence and drive future growth.
Playgon 的路線圖上總共有 33 個集成。這一穩健的產品線凸顯了市場對我們產品的強勁需求,以及我們顯著擴大市場佔有率和推動未來增長的潛力。
Ontario
安大略
Playgon is in its final stages for the launch of our VegasLounge in Ontario, and reiterates its expectaton for multiple customer launches going live in the current quarter. We faced delays due to regulatory and integration complexities, but these issues have been resolved, allowing us to move forward confidently. We have secured commitments from several Tier 1 brands to license our product, and these partnerships will be announced once our tables are live on the customers' sites. Ontario has quickly established itself as a top regulated market in North America in just 2 years.
Playgon在安大略省推出VegasLounge已進入最後階段,並重申預計本季度將有多個客戶發佈上線。由於監管和整合的複雜性,我們面臨延誤,但是這些問題已經得到解決,使我們能夠自信地向前邁進。我們已經獲得了多個一級品牌對我們的產品進行許可的承諾,一旦我們在客戶的網站上線,這些合作伙伴關係就會宣佈。安大略省在短短兩年內迅速確立了自己作爲北美最高監管市場的地位。
Italy
意大利
We have finalized heads of terms with an Italian focused content aggregator and upon completing the final stages of integrating and testing, we anticipate our first customer launches through this partnership in Q3 this year, at which time the Company will provide a further update into this lucrative Italian gaming market. The Company considers this a strategic alliance for this market as this aggregator accounts for 85% market share supplying third party content to operators in the Italian market. Italy is the second biggest regulated online gaming market in Europe.
我們已經與一家專注於意大利的內容聚合商敲定了主要條款,在完成整合和測試的最後階段後,我們預計將在今年第三季度通過該合作伙伴關係推出首批客戶,屆時該公司將爲這個利潤豐厚的意大利遊戲市場提供進一步的最新信息。該公司認爲這是該市場的戰略聯盟,因爲該聚合商佔有85%的市場份額,向意大利市場的運營商提供第三方內容。意大利是歐洲第二大受監管的在線遊戲市場。
Darcy Krogh CEO of Playgon Games, states "Our business is still young and when one of our top licensees ceases their operations, it can have an adverse affect on our revenue and KPI's. We have a healthy and growing pipeline of new customers in both existing and new markets for which management is confident in the future success of its product in the live gaming market."
Playgon Games首席執行官達西·克羅格表示:“我們的業務還很年輕,當我們的頂級被許可方之一停止運營時,可能會對我們的收入和關鍵績效指標產生不利影響。我們在現有和新市場都有健康且不斷增長的新客戶渠道,管理層對其產品未來在真人遊戲市場的成功充滿信心。”
About Playgon Games Inc.
關於 Playgon Games Inc.
Playgon Games Inc. (TSXV: DEAL) (OTC Pink: PLGNF) (FSE: 7CR) is a SaaS technology company focused on developing and licensing digital content for the growing iGaming market. The Company provides a multi-tenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games and Daily Fantasy Sports, which, through a seamless integration at the operator level, allows customer access without having to share or compromise any sensitive customer data. As a true business-to-business digital content provider, the Company's products are ideal turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies.
Playgon Games Inc.(多倫多證券交易所股票代碼:DEAL)(場外交易代碼:PLGNF)(FSE:7CR)是一家軟件即服務技術公司,專注於爲不斷增長的電子博彩市場開發和許可數字內容。該公司提供多租戶網關,使在線運營商能夠爲客戶提供創新的iGaming軟件解決方案。其當前的軟件平台包括真人荷官賭場、E-Table遊戲和Daily Fantasy Sports,通過運營商層面的無縫集成,客戶無需共享或泄露任何敏感的客戶數據即可進行訪問。作爲真正的企業對企業數字內容提供商,該公司的產品是在線賭場、體育博彩運營商、實體運營商、媒體集團和大型數據庫公司的理想一站式解決方案。
For further information, please visit the Company's website at .
欲了解更多信息,請訪問公司的網站 。
For further information, contact:
Mike Marrandino, Director
Tel: (604) 722-5225
Email: mikem@playgon.com
欲了解更多信息,請聯繫:
邁克·馬拉迪諾,導演
電話:(604) 722-5225
電子郵件:mikem@playgon.com
Forward-Looking Statements
前瞻性陳述
This release contains forward-looking statements. Forward-Looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-Looking statements are not guaranteeing of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward-Looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Playgon, are forward-looking and involve risks and uncertainties. In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in the Company's audited financial statements for the year ended December 31, 2023 and Management Discussion and Analysis for the year ended December 31, 2023 and other filings with Canadian securities regulators (). Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release represents Playgon's current expectations. Playgon disclaims any intention and assumes no obligation to update or revise any forward-looking information, except if required by applicable securities laws.
本新聞稿包含前瞻性陳述。前瞻性陳述可能不限於包含相信、期望、預期、估計、打算、打算、計劃或類似表述等詞語。前瞻性陳述並不能保證未來的表現。它們涉及風險、不確定性和假設,實際結果可能與預期有重大差異。前瞻性陳述基於管理層在陳述發表之日的觀點和估計,受各種風險和不確定性以及其他因素的影響,這些因素可能導致實際事件或結果與前瞻性陳述中的預測存在重大差異。除歷史事實外,本新聞稿中的陳述以及Playgon作出或將要作出的口頭陳述或其他書面陳述均爲前瞻性的,涉及風險和不確定性。在任何前瞻性信息的背景下,請參閱中詳述的風險因素,以及公司截至2023年12月31日止年度的經審計財務報表、截至2023年12月31日止年度的管理層討論與分析以及向加拿大證券監管機構提交的其他文件中包含的其他信息()。提醒讀者不要過分依賴這些前瞻性陳述。本新聞稿中包含的前瞻性陳述代表了Playgon當前的預期。除非適用的證券法要求,否則Playgon不打算更新或修改任何前瞻性信息,也沒有義務更新或修改任何前瞻性信息。
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
譯文內容由第三人軟體翻譯。