Esports technology company ESE Entertainment announced its unaudited interim consolidated financial results for Q3 2021, showing zero debt.
For the three-month period ending July 31, 2021, ESE reported revenue of CAD $4.23 million (~£2.44 million), a 491 percent increase over Q3 2020.
Reported net loss decreased from CAD $3.81 million (£2.2 million) last quarter to CAD $1.26 million (~£727,000) In addition, the company’s cash balance increased to CAD $9.17 million (£5.29 million) and zero debt. Moving forward, ESE plans to continue its investment in platform development as well as improvement in back-office functions.