SharpLink Gaming Announces Third Quarter 2023 Financial Results - Seite 2

Net loss totaled $2.85 million, or $0.99 loss per share, for the current three months ended September 30, 2023 – up 39% from a net loss of $2.05 million, or $0.86 loss per share, reported for the same three months in 2022; and net loss totaled $9.16 million, or $3.35 loss per share, for the first nine months of 2023, representing a 68% decline in the net loss of $13.91 million, or $5.89 loss per share, reported last year.

For more detailed information on SharpLink’s third quarter 2023 financial performance, please refer to the Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission and accessible at www.sec.gov or on SharpLink’s website at www.sharplink.com.

Commenting on the results, Rob Phythian, Chief Executive Officer of SharpLink, stated, “I believe we continued to execute well in the third quarter, delivering material growth in revenue and gross margin. Our strong top-line results are a direct reflection of the smart expansion moves SharpLink has been making over the past year to optimize our product and service mix to best meet the demands of the fast evolving U.S. sports betting and iGaming industries and the sports fans they serve.”

As previously announced, SharpLink’s leadership will host a live webcast to discuss its third quarter 2023 financial results tomorrow, November 15, 2023, beginning at 11:00 AM Eastern Time. To access the webcast, please go to https://www.webcaster4.com/Webcast/Page/2761/49421. The corporate update will be available for replay via the same link.

About SharpLink Gaming Ltd.
Founded in 2019, SharpLink is a leading online technology company that connects sports fans, leagues and sports websites to relevant and timely sports betting and iGaming content. SharpLink uses proprietary, intelligent, online conversion technology to convert sports fans into sports bettors for licensed, online sportsbook operators. In addition, SharpLink specializes in helping sports media companies, leagues, teams and sportsbooks develop strategies, products and innovative solutions to drive deep fan activation and engagement with highly interactive free-to-play games and mobile applications. Further, SharpLink owns and operates a variety of real-money fantasy sports and sports simulation games and mobile apps on its platform; and is licensed or authorized to operate in every state in the United States where fantasy sports and online sports betting has been legalized. SharpLink’s proprietary fantasy sports platform reaches more than two million fantasy sports fans who spend almost $40 million annually on its portfolio of digital gaming experiences and contests. For more information, please visit the SharpLink website at www.sharplink.com.