DraftKings Exceeds 2021 Revenue Guidance With US$1.30 Billion, Expects Positive Adjusted EBITDA In Q4 2023
DraftKings Inc. (Nasdaq: DKNG) released this morning its financial results for Q4 and full-year 2021, highlighting an annual revenue of US$1.30 billion. This is an increase from 2020’s US$614.5 million and beats the adjusted revenue guidance of US$1.24 – US$1.28 billion. Gross margin for the year came in at 38.7%, down from last year’s 43.6%. […]
AMC Entertainment CEO Adam Aron Tweets That He Intends To Donate $1.0 Million In Shares To Charity
Sometimes, it is simply impressive how an executive can twist words to make things appear to be a positive. The latest to do so is Adam Aron, CEO of AMC Entertainment (NYSE: AMC), whom is evidently looking to save some tax dollars. Aron this morning announced that he wants to “step up and personally give […]
GoGold To Raise $40.0 Million At $2.85 Per Share
GoGold Resources (TSX: GGD) is wasting no time in an improving gold environment. The company last night announced that it will be conducting a bought deal private placement, lead by BMO Capital Markets. Under the terms of the offering, the company will see the sale of 14.0 million common shares, with each share priced at […]
WonderFi Tech Replaces Chief Financial Officer
WonderFi Technologies (NEO: WNDR) is replacing its chief financial officer. The firm this morning announced that current CFO Steven Krause will be transitioning to an advisory role with the company as of February 22. Taking on the role going forward will be that of John Rim, whom previously served as the chief financial officer of […]
Cronos Group Finally Files Q3 Results, Announces Business Realignment
It may be more than three months later than initially expected, but Cronos Group (TSX: CRON) this morning finally released its third quarter financial results. The firm reported net revenues of $20.4 million, as well as significant impairments that were amended to the firms second quarter results. Starting at the top, the company amended its […]
Yamana Gold Beats 2021 Guidance With 1,011,180 Gold Equivalent Ounces Produced
Yamana Gold (TSX: YRI) appears to have had a standout quarter for the final quarter of 2021. The firm last night reported its fourth quarter and full year 2021 financial results, reporting record quarterly gold equivalent ounce production of 281,388 ounces. Production during the quarter handily beat prior guidance of 270,000 gold equivalent ounces. Likewise, […]
Canaccord Lowers Enthusiast Gaming’s Price Target Despite Prelim Earnings Beat
On February 8th, Enthusiast Gaming (TSX: EGLX) reported its preliminary fourth quarter 2021 results. The company expects fourth quarter revenue of $56.9 million, which represents a 34% year-over-year increase. This would put Enthusiast’s full-year revenue at $167.4 million or an increase of 130% over the last year. They expect gross profits of $13.7 million, a […]
Gold Rallies Amid Russian-Ukraine Tensions
Gold has been relishing a strong rally as of recent, as global markets continue to assess the conflict between Russia and Ukraine. Spot gold soared to the highest since June 2021 to $1,899 per ounce on Thursday, as markets weigh in risks stemming from a potential Russian invasion of Ukraine. Although Russia has since reportedly […]
Nvidia Beats Fiscal Q4 2022 Revenue With US$7.64 Billion
NVIDIA (Nasdaq: NVDA) announced on Wednesday its financial results for the fiscal fourth quarter and full-year 2022 ended January 30, 2022. The report highlights a topline revenue figure of US$7.64 billion, an increase from both Q3 2022’s revenue of US$7.10 billion and Q4 2021’s revenue of US$5.00 billion. This is also higher than the previously […]
Canadian Constitution Foundation Launches Legal Challenge Against Trudeau’s Invocation of Emergencies Act
The Canadian Constitution Foundation (CCF), an independent, non-partisan charity, has revealed it has started a legal challenge against Prime Minister Justin Trudeau’s unprecedented invocation of the Emergencies Act. The challenge is being launched at the Federal Court via a judicial review of urgent application. “Prime Minister Trudeau has set a dangerous precedent by invoking the […]