(all amounts are expressed in U.S. dollars, unless otherwise stated)
– First Quarter Revenues of $7.5 Million
– Quarterly Year over Year Revenue Growth Rate 824%
– Quarterly Revenue Exit Run Rate of $30+ Million
– Completes Non-brokered Private Placement Unit Offering for $17.8 Million
– Settled $10.7 in Convertible Debt
TORONTO, Feb. 1, 2021 /CNW/ — Engine Media Holdings, Inc. (“Engine” or the “Company”; TSX-V: GAME; OTCQB: MLLLF), announced results for the first quarter fiscal 2021 ended November 30, 2020.
Lou Schwartz, Chief Executive Officer, said, “Engine started fiscal 2021 with continued momentum across all lines of business. Our efforts to accelerate are off to a strong start in fiscal 2021. Additionally, our recent acquisitions have made significant contributions, which are reflected in the first quarter, where revenues were up 824% on a year-over-year basis, and 6%, sequentially, to $7.5 million.”
“Net loss from continuing operations for the first quarter of 2021 was $4.4 million compared to $6.0 million in the same year ago period. The improvement in net loss was primarily due to a decrease in non-cash operating expenses of $4.0 million, primarily driven by the gain on change in fair value of warrant liability in the fiscal 2021 period of $4.8 million compared to loss of $1.6 million in the same year ago period.”
“We remain focused on expanding our business-to-business software and service revenues, developing our direct to consumer growth initiatives, strengthening our organization and balance sheet, and driving greater cost efficiency throughout the operation. Given the increasing need for the sports media industry to develop direct to consumer fees to offset the decline of cable and satellite revenues, and the need for the esports industry to develop direct to consumer fees to diversify beyond sponsorship revenues, we believe that the solutions Engine offers will become increasingly more meaningful to both media sectors. Additionally, we continue to proudly attract some of the largest and most respected companies in the world to our cutting edge data analytics company, Stream Hatchet, and our mobile gaming studio, Eden Games. Today, Engine serves three (3) of the top seven (7) most valuable tech companies in the world.”
Financials are available on Sedar.
About Engine Media Holdings, Inc.
Engine Media is focused on accelerating new, live, immersive esports and interactive gaming experiences for consumers through its partnerships with traditional and emerging media companies. The company was formed through the combination of Torque Esports Corp., Frankly Inc., and WinView, Inc. and trades publicly under the ticker symbol (TSX-V: GAME) (OTCQB: MLLLF). Engine Media will generate revenue through a combination of: direct-to-consumer and subscription fees; streaming technology and data SaaS-based offerings; programmatic advertising and sponsorships; as well as intellectual property licensing fees. To date, the combined companies have served clients comprising more than 1,200 television, print and radio brands including CNN, ESPN, Discovery / Eurosport, Fox, Vice, Newsweek and Cumulus; dozens of gaming and technology companies including EA, Activision, Blizzard, Take2Interactive, Microsoft, Google, Twitch and Ubisoft; and have connectivity into hundreds of millions of homes around the world through their content, distribution and technology.
Cautionary Statement on Forward-Looking Information
This news release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Engine to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. In respect of the forward-looking information contained herein, Engine has provided such statements and information in reliance on certain assumptions that management believed to be reasonable at the time, including assumptions as to obtaining required regulatory approvals. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements stated herein to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on forward-looking information contained in this news release.
The forward-looking statements contained in this news release are made as of the date of this release and, accordingly, are subject to change after such date. Engine does not assume any obligation to update or revise any forward-looking statements, whether written or oral, that may be made from time to time by us or on our behalf, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Engine Media Holdings, Inc.
Media Release – May 20, 2022 – Guelph Police – Guelph Police Service
Attempt break and enter
The Guelph Police Service is investigating after an attempted break and enter at a west-end business.
Early Thursday morning, two males arrived by vehicle at a business on Speedvale Avenue West. One of the suspects was caught on video using an angle grinder in an attempt to gain access to a storage unit, but the males fled when an alarm sounded.
A query of the licence plates, which were on an older two-tone Ford Escape, revealed they are registered to another vehicle.
The incident remains under investigation. Anyone with information is asked to call Constable Graeme Adams at 519-824-1212, ext. 7419, email him at email@example.com, leave an anonymous message for Crime Stoppers at 1-800-222-8477 (TIPS) or leave an anonymous tip online at www.csgw.tips.
Prohibited driver arrested
A Cambridge male banned from driving was arrested after he was caught behind the wheel in Guelph Thursday.
A Guelph Police Service officer was on patrol on Speedvale Avenue West just after 3 p.m. when he queried a licence plate and learned it was registered to a prohibited driver. A traffic stop was conducted and the owner of the vehicle confirmed to be the driver.
Investigation revealed the male is a prohibited driver as a result of a December, 2021, conviction for refusing to provide a breath sample. A 49-year-old Cambridge male is charged with driving while prohibited and driving while suspended. He will appear in a Guelph court July 5, 2022.
Male threatens staff, gets arrested
A Guelph male faces charges after threatening to “mace” employees of a local business Thursday afternoon.
Approximately 4:20 p.m. the male entered a business on Woodlawn Road West near Woolwich Street. Staff recognized him from a shoplifting incident earlier in the week and began to follow him. The male became agitated and threatened to “mace” the employees before reaching into a fanny pack he was wearing and removing something.
Staff retreated and called police, who located the male in the area of the business. He was not found to be carrying any weapons.
A 40-year-old Guelph male is charged with two counts of uttering threats and breaching probation. He was held for a bail hearing Friday.
Stunt driving charge laid
A Guelph male was taken off the road after he was caught Thursday driving more than twice the speed limit.
A Guelph Police Service Traffic Unit officer was patrolling just before 1 p.m. in the area of Victoria Road South and College Avenue West when he observed a vehicle travelling at a high rate of speed. The vehicle was clocked at 110 km/h in a posted 50 km/h zone.
A 21-year-old Guelph male is charged with stunt driving and speeding. His driver’s licence was immediately suspended for 30 days and his vehicle impounded for 15 days.
Total calls for service in the last 24 hours – 246
Brock Media Clips for Friday, May 20 – The Brock News – Brock University
Here’s a look at some of the media attention Brock University received recently.
Royal Canadian Tour continues, Indigenous groups await formal monarchy apology: Assistant Professor of Education Stanley ‘Bobby’ Henry spoke to CHCH about statements from Prince Charles that discussed residential schools in Canada and the need for reconciliation.
Brock prepares future nurses for challenges in the field: Department of Nursing Chair Karyn Taplay and Nursing student Sierra Smith spoke to Newstalk 610 CKTB about the growth of Brock’s Nursing program, as well as what it’s like to pursue a career in nursing. Taplay also discussed the Nursing program’s expanding enrolment in a St. Catharines Standard article.
Who are union members supporting in this election?: Professor of Labour Studies Larry Savage spoke to CBC’s Ontario Today program about the decision of a construction union to endorse the Progressive Conservatives in Ontario’s upcoming provincial election.
As several Canadian cities loosen public drinking laws, Toronto rejects proposal again: Professor of Health Sciences Dan Malleck spoke to The Globe and Mail about current conversations around alcohol consumption and their relationship to temperance movement of the 19th and 20th centuries. Malleck also spoke to Nunatsiaq News about Nunavut’s system of alcohol regulation.
“We want to make curling cool” — Rolling the dice on the Roaring Game: Assistant Professor of Sport Management Michael Naraine spoke to Yahoo!Sports about the potential for legal sports gambling to bring a new audience to the sport of curling.
If you know of an appearance or story about a Brock faculty member, student, athlete or alumni, please drop us a line with a link to the story at firstname.lastname@example.org
How marketers can work with diverse media suppliers – Smartbrief
Marketers need to be able to reach diverse, multicultural audiences with authentic, relevant messaging — while demonstrating to customers they’re walking the walk by championing diversity within their own organizations.
One way brands can achieve both is by working with diverse media suppliers.
A new set of guidelines on working with diverse media suppliers was published this week by the Association of National Advertisers, its Alliance for Inclusive and Multicultural Marketing, and the American Association of Advertising Agencies.
America’s multicultural population “will be the majority in the not-too-distant future,” the report states, citing 2020 US Census Bureau data. The multicultural population rose to just over 42% in 2020, up from 36% in 2010.
The guide also lists more than a handful of business benefits from working with a diverse supplier base.
There’s a wealth of information in the guidelines, but we’ve highlighted some key information and advice:
How to find diverse media suppliers
The report offers several resources to help marketers get in touch with diverse media suppliers – those that are owned by ethnic minorities, women or the LGBTQ community. They are:
Diverse media requires different metrics
The guidelines recommend that marketers consider using alternative metrics when measuring diverse media performance.
This is because highly targeted audiences come with less scale and higher CPMs. Alternatives or additional metrics could include brand awareness, intent, favorable opinion, shares, video completion rates and click-thru rates.
The importance of diverse creators
The guidelines also offer resources to help marketers find diverse content creators, such as influencers, agencies, production companies and directors.
Involving diverse teams in the creation of content from the start can prevent brand missteps — such as this recent Samsung campaign, which missed the mark with women.
Cindy Gallop, consultant and founder and CEO of MakeLoveNotPorn, told SmartBrief in response to that Samsung campaign:
“Every brand and client — like Samsung — should mandate that their ads are overseen by women, created by women, approved by women, cast by women, directed by women, photographed by women, and announce that they will not give their business to any agency where the leadership team, the creatives and the creative decision-makers are all male.”
That example, which arose from a lack of female involvement in the creative, could apply to any campaign that hasn’t involved members of the audience it targets.
The right creative messaging
The guidelines therefore recommend that creative teams include diverse voices to ensure creative messaging is relatable.
“A lot of the time what we think works, and what works for a general market audience might not necessarily work for a multicultural audience,” said Paula Castro, multicultural creative business partner at Google, during an IAB NewFronts panel.
The importance of cultural nuance and heritage when engaging with Black audiences was recently explored by Numerator’s Amanda Schoenbauer, with a study by her company highlighting the levels of diverse thought and behavior within that community.
“A full picture view of this — or any — group of shoppers requires additional consumer context and segmentations,” Schoenbauer wrote.
Marketers can look to diverse suppliers to help deliver that context and culturally appropriate messaging. As one diverse supplier says in the report from the 4A’s, ANA and AIMM:
“There is much more value we can provide to connect through culture, heritage, emotion, nostalgia, etc.”
For more insights like this, subscribe to our free newsletter.
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