EBET, Inc. (EBET) Income Statement
EBET FY2023 at a glance
Fiscal year ended September 30, 2023 · U.S. dollarsEBET revenue and net income
Where EBET's revenue goes
FY2023Each bar shows an amount and its share of revenue. EBET kept −215.0% of revenue as net income.
EBET profit margins
EBET growth rates
to FY2023| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −33.1% | +484.9% | — | — |
| Gross profit | −23.8% | +496.1% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EBET quarterly EPS vs estimates
EBET beat the analyst EPS estimate in 2 of the last 6 quarters.
EBET income statement
| FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|
| Revenue | $39.2M | $58.6M | $164,807 | $195,778 | $140,982 |
| Cost of revenue | $22.0M | $36.0M | $37,744 | $114,564 | $68,453 |
| Gross profit | $17.2M | $22.6M | $127,063 | $81,214 | $72,529 |
| Research & development | $1.1M | $4.0M | $3.1M | $0 | — |
| Sales, general & admin | $36.8M | $45.1M | $10.3M | $192,160 | $48,426 |
| Total operating expenses | $82.9M | $49.1M | $13.4M | $192,160 | $48,426 |
| Operating income | −$65.7M | −$26.6M | −$13.3M | −$110,946 | $24,103 |
| Interest expense | $17.1M | $9.9M | $1.7M | $150,376 | $0 |
| Income before taxes | −$84.2M | −$41.4M | −$15.2M | −$573,255 | $24,103 |
| Income taxes | $4.1M | $4,750 | $1.7M | $150,376 | −$174,937 |
| Net income | −$84.2M | −$41.4M | −$15.2M | −$573,255 | $24,103 |
| EBITDA | −$60.0M | −$25.0M | −$13.1M | −$422,879 | $24,103 |
| EPS (diluted) | −$15.70 | −$70.03 | −$1.22 | −$0.37 | $0.00 |
| Gross margin | 43.9% | 38.5% | 77.1% | 41.5% | 51.4% |
| Operating margin | −167.7% | −45.3% | −8,071.1% | −56.7% | 17.1% |
| Net margin | −215.0% | −70.7% | −9,222.9% | −292.8% | 17.1% |
| Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | Dec '21 | Sep '21 | Jun '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.5M | $4.3M | $5.2M | $8.0M | $11.6M | $14.4M | $14.3M | $18.2M | $19.0M | $7.1M | $78,823 | $41,356 |
| Cost of revenue | $1.9M | $2.2M | $2.7M | $4.2M | $6.6M | $8.5M | $8.5M | $10.9M | $12.0M | $4.6M | $13,020 | $0 |
| Gross profit | $1.7M | $2.0M | $2.6M | $3.8M | $5.0M | $5.9M | $5.8M | $7.2M | $7.0M | $2.5M | $65,803 | $41,356 |
| Research & development | $164,662 | $132,964 | $333,408 | $280,201 | $242,035 | $294,073 | $723,518 | $1.1M | $1.1M | $1.0M | $817,383 | $1.2M |
| Sales, general & admin | $3.4M | $4.4M | $17.8M | $5.6M | $5.7M | $7.8M | $10.0M | $13.1M | $14.9M | $7.1M | $5.0M | $2.3M |
| Total operating expenses | $3.6M | $4.6M | $20.8M | $5.8M | $6.0M | $8.0M | $19.2M | $14.2M | $16.1M | $8.1M | $5.8M | $3.6M |
| Operating income | −$1.9M | −$2.5M | −$15.6M | −$34.7M | −$964,448 | −$2.2M | −$4.9M | −$7.0M | −$9.1M | −$7.8M | −$5.7M | −$3.6M |
| Interest expense | $1.7M | $1.6M | $1.6M | $9.8M | $2.7M | $3.0M | $4.2M | $1.9M | $2.8M | $976,418 | $368,774 | $368,000 |
| Income before taxes | −$5.0M | −$3.8M | −$28.9M | −$43.7M | −$4.0M | −$7.6M | −$11.7M | −$9.0M | −$11.8M | −$8.9M | −$6.1M | −$4.0M |
| Income taxes | $1.7M | $1.6M | — | $992,274 | $5.7M | $1,537 | — | $1.4M | $2.8M | $976,418 | $368,774 | $368,000 |
| Net income | −$5.0M | −$3.8M | −$28.9M | −$43.7M | −$9.7M | −$7.6M | −$11.7M | −$10.4M | −$14.6M | −$8.9M | −$6.1M | −$4.0M |
| EBITDA | −$3.0M | −$1.9M | — | −$32.0M | $486,463 | −$2.8M | −$5.8M | −$5.2M | −$6.5M | −$7.7M | −$5.5M | −$3.4M |
| EPS (diluted) | −$0.34 | −$0.26 | −$1.93 | −$1.73 | −$0.25 | −$11.79 | −$0.80 | −$21.00 | −$27.83 | −$20.40 | −$0.40 | −$0.38 |
| Gross margin | 46.9% | 47.7% | 49.0% | 47.3% | 43.1% | 40.9% | 40.7% | 39.9% | 36.8% | 35.4% | 83.5% | 100.0% |
| Operating margin | −54.6% | −59.2% | −299.1% | −435.5% | −8.3% | −15.0% | −34.2% | −38.5% | −47.7% | −109.8% | −7,260.8% | −8,655.6% |
| Net margin | −143.2% | −89.2% | −555.1% | −548.4% | −84.2% | −52.5% | −82.1% | −57.2% | −76.9% | −124.4% | −7,759.2% | −9,569.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EBET's financial statements (latest annual report filed January 12, 2024); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EBET financial results
In fiscal year 2023 (ended September 30, 2023), EBET reported revenue of $39.2 million, down 33.1% from the year before. It had a net loss of $84.2 million, a net profit margin of −215.0%. Diluted earnings per share came to −$15.70.
See the EBET stock overview for the latest quote and news, or the EBET chart for price history and technical indicators.
EBET income statement FAQ
What is EBET's annual revenue?
EBET reported total revenue of $39.2 million for fiscal year 2023, which ended on September 30, 2023. That was down 33.1% from $58.6 million the previous year.
Is EBET profitable?
No. EBET reported a net loss of $84.2 million in fiscal 2023, a net profit margin of −215.0%; its operating margin was −167.7%.
What is EBET's gross margin?
EBET's gross margin was 43.9% in fiscal 2023: for every $100 of revenue, EBET kept $44 after the direct cost of its products and services.
How much does EBET spend on research and development?
EBET spent $1.1 million on research and development in fiscal 2023, 2.9% of revenue.
What are EBET's earnings per share?
EBET earned $-15.70 per diluted share in fiscal 2023, compared with $-70.03 a year earlier.
When does EBET's fiscal year end?
EBET's fiscal year ends in September. The latest annual report covers the year ended September 30, 2023 and was filed on January 12, 2024.