- Esports Mogul (ESH) is kicking goals in the first quarter, completing its build of ReWired, the Sit-n-Go lobby variant and the Key Action Tournament Card
- ReWired is Esport’s bespoke tournament, which Walmart is involved in, with both Rocket League and Super Street Fighter V approved for tournaments
- The first event will take place in April 2022, after concerns around the spread of the Delta variant of COVID-19 delayed the fall launch
- The gaming stock ended September 30 cashflow negative with $4.46 million in the bank, enough funds to keep it running for another 6.19 quarters
- Company shares are trading up 8.33 per cent at 0.7 cents each
Esports Mogul (ESH) is kicking goals in the first quarter, completing its build of ReWired, the Sit-n-Go lobby variant and the Key Action Tournament Card.
ReWired is Esport’s bespoke online gaming tournament, which Walmart is involved in, with both Rocket League and Super Street Fighter V approved for tournaments.
The first event was due to take place in the US fall, but due to concerns around the spread of the Delta variant of COVID-19 the tournament has been delayed until April 2022.
Other activities during the quarter include adding another registration option on Mogul.gg called the Single Sign On, which is powered by Discord.
ESH also held an event with Globe Communications and carried out a refactoring — a series of load/balance stress tests on its backend systems.
The gaming stock ended the September quarter cashflow negative with $4.46 million in the bank, enough funds to keep it running for another 6.19 quarters.
It spent $875,000 on operational activities during the three month period, including $271,000 on tournaments, and received $154,000 in tax offsets.
Esports expects its expenses to reduce in the December quarter after completing its build out, giving the company the option to carry out further investments in the gaming space.
Company shares were trading up 8.33 per cent at 0.7 cents each at 12:05 pm AEDT.