Super League Gaming, Inc. (SLGG) Bundle
A Brief History of Super League Gaming, Inc. (SLGG)
Founding and Early Years
Founding and Early Years
Super League Gaming, Inc. was founded in 2014 by Ann Hand and a group of partners aiming to bridge the gap between gaming and local communities. The company is headquartered in Los Angeles, California. In its inception, the goal was to create social gaming experiences that would allow players of varying skill levels to compete in a safe environment.
Product Development
In 2016, Super League launched its first product, a competitive gaming league for Minecraft, which allowed players to participate in organized competitions in various U.S. cities. This expansion into community-focused gaming events laid the groundwork for future developments.
Financial Growth and Market Position
By 2017, Super League Gaming had raised over $20 million in funding through various investment rounds. In 2020, the company reported a significant revenue increase, totaling approximately $3.3 million, compared to $1.2 million in 2019.
Public Offering
Super League Gaming went public in 2020 via a reverse merger with a public shell company. The listing allowed the company to increase its visibility in the esports sector, targeting a growing audience of competitive gamers and fans.
Expansion into Esports
In 2021, SLGG announced the launch of its esports platform, expanding its competitive offerings beyond Minecraft to include additional popular titles. This strategic move aligned with the growing trend of esports viewership, which was estimated at over 500 million globally by that same year.
Partnerships and Collaborations
Super League has secured partnerships with notable gaming brands and event organizers. In 2022, the company partnered with notable brands such as PlayStation and Riot Games to host tournaments that attracted significant player engagement.
Latest Financial Performance
As of Q2 2023, Super League Gaming reported revenues of approximately $4.5 million, reflecting a year-over-year increase of 36%. The company’s cash reserves were estimated at $7 million, providing a strong financial footing for future growth initiatives.
| Year | Revenue ($ Million) | Funding Raised ($ Million) | Cash Reserves ($ Million) |
|---|---|---|---|
| 2017 | 1.2 | 20 | N/A |
| 2019 | 3.3 | N/A | N/A |
| 2020 | 3.3 | N/A | N/A |
| 2022 | N/A | N/A | N/A |
| 2023 (Q2) | 4.5 | N/A | 7 |
Future Directions
Super League Gaming continues to focus on expanding its game offerings and increasing participation in its leagues and tournaments. The evolving landscape of gaming and esports presents various opportunities for growth, particularly in audience engagement and monetization strategies.
A Who Owns Super League Gaming, Inc. (SLGG)
Ownership Structure
As of the latest filings, Super League Gaming, Inc. (SLGG) has a diverse ownership structure comprised of institutional investors, retail shareholders, and insiders. The following table provides a breakdown of the major shareholders:
| Shareholder Type | Percentage Ownership | Number of Shares | Value of Shares (approx.) |
|---|---|---|---|
| Institutional Investors | 45% | 10,500,000 | $22.5 million |
| Retail Shareholders | 35% | 8,000,000 | $17.6 million |
| Insiders | 20% | 4,700,000 | $10.3 million |
Major Institutional Investors
The following table lists the top three institutional investors holding shares in Super League Gaming, Inc.:
| Institution | Shares Held | Percentage of Total Shares |
|---|---|---|
| The Vanguard Group, Inc. | 3,200,000 | 15% |
| BlackRock, Inc. | 2,800,000 | 13% |
| State Street Corporation | 2,000,000 | 9% |
Insider Ownership
Insider ownership in Super League Gaming, Inc. is characterized by key executives and board members. The following table details the executives and their respective ownership:
| Executive | Title | Shares Owned | Percentage of Insider Shares |
|---|---|---|---|
| Ann Hand | CEO | 1,200,000 | 25% |
| Mark P. Jones | CFO | 800,000 | 17% |
| Michael K. Brown | COO | 700,000 | 15% |
Recent Share Price Performance
Super League Gaming, Inc. shares are publicly traded on the NASDAQ under the ticker symbol SLGG. The following are recent financial figures:
- Current Share Price: $2.14
- Market Capitalization: Approximately $47 million
- 52-Week Range: $1.50 - $3.10
- Average Trading Volume (30 days): 95,000 shares
Financial Highlights
Here are the financial highlights as of the latest fiscal year:
- Total Revenue: $8 million
- Net Loss: $5 million
- Total Assets: $15 million
- Total Liabilities: $5 million
- Cash and Cash Equivalents: $3 million
Future Outlook
Projected growth rates for Super League Gaming, Inc. indicate an expected increase in revenue due to potential expansion in esports and gaming events participation. Forecasted metrics include:
- Projected Revenue Growth (2024): 20%
- Estimations for Break-Even Year: 2025
- Target Market Expansion: New partnerships in Asia and Europe
Super League Gaming, Inc. (SLGG) Mission Statement
Overview of Super League Gaming, Inc.
Overview of Super League Gaming, Inc.
Super League Gaming, Inc. (NASDAQ: SLGG) is a gaming company focused on providing immersive gaming experiences and fostering community engagement through competitive gaming. As of October 2021, the company has established numerous partnerships and initiatives aimed at enhancing grassroots e-sports activities.
Mission Statement
The mission of Super League Gaming is to create opportunities for amateur gamers by providing a platform that enhances participation in competitive gaming and promotes community engagement. The company aims to democratize access to e-sports and create a vibrant ecosystem for all skill levels.
Financial Performance
As of Q3 2023, Super League Gaming reported the following financial metrics:
| Financial Metric | Q3 2023 Amount | Year-over-Year Growth (%) |
|---|---|---|
| Revenue | $4.5 million | 22% |
| Gross Profit | $2.1 million | 30% |
| Net Loss | ($1.2 million) | 15% |
| Operating Expenses | $3.3 million | 10% |
Key Initiatives
Super League Gaming has undertaken several key initiatives to realize its mission:
- Community Tournaments
- Partnerships with game developers and publishers
- Localized gaming competitions
- Development of gaming educational content
Market Reach
As of Q2 2023, Super League Gaming has engaged with over:
- 1.5 million registered players
- 200,000 active tournament participants
- 50 gaming events hosted globally
Future Growth Targets
In line with its mission, Super League Gaming has set several targets for the upcoming fiscal year:
| Growth Target | 2024 Target Amount | Percentage Increase (%) |
|---|---|---|
| Increase Revenue | $6 million | 33% |
| Expand Player Base | 2 million | 33% |
| Host Global Events | 75 events | 50% |
Conclusion
Super League Gaming, Inc. continues to innovate and expand its presence in the gaming industry, driven by its mission to empower amateur gamers and enhance the competitive landscape.
How Super League Gaming, Inc. (SLGG) Works
Business Model
Super League Gaming, Inc. operates a multifaceted business model focused on community-driven gaming experiences. The company primarily generates revenue through the following streams:
- Game Tournaments: Hosting local and national esports tournaments.
- Content Creation: Producing original content for various platforms.
- Sponsorships: Partnering with brands to promote products within gaming events.
- Subscription Services: Offering premium memberships for exclusive content and experiences.
Financial Performance
As of the third quarter of 2023, Super League Gaming reported the following financial metrics:
| Metric | Amount (in USD) |
|---|---|
| Revenue Q3 2023 | $2.3 million |
| Gross Profit Q3 2023 | $1.0 million |
| Net Loss Q3 2023 | ($1.5 million) |
| Total Assets | $5.5 million |
| Total Liabilities | $3.2 million |
Market Reach
Super League Gaming reaches a diverse audience across multiple platforms. In 2023, the company reported:
- Active Users: 3 million registered players.
- Social Media Following: 500,000 followers across platforms like Twitter, Facebook, and Instagram combined.
- Partnerships: Collaborated with over 20 game developers and brands.
Gaming Tournaments
The company organizes various tournaments, including local events and competitive leagues. Statistics for 2023 include:
| Tournament Type | Number of Events | Participants |
|---|---|---|
| Local Tournaments | 150 | 15,000 |
| National Leagues | 10 | 5,000 |
Content Creation and Distribution
Super League Gaming focuses on creating engaging content for gamers. Key metrics include:
- Hours of Content Produced (2023): 1,200 hours
- Platforms: Twitch, YouTube, and various gaming networks
- Average Viewership: 20,000 viewers per stream
Future Projections
For fiscal year 2024, Super League Gaming anticipates:
| Projection Category | Projected Amount (in USD) |
|---|---|
| Revenue | $8 million |
| Net Profit Goal | $500,000 |
Investment and Funding
As of October 2023, Super League Gaming has raised a total of:
- Funding Round 2023: $10 million
- Investors: Venture capital firms, angel investors, and strategic partnerships.
How Super League Gaming, Inc. (SLGG) Makes Money
Revenue Streams
Revenue Streams
Super League Gaming, Inc. (SLGG) generates revenue through various channels, primarily focused on community gaming experiences and content creation. The main revenue streams include:
- Advertising and Sponsorships: SLGG collaborates with brands and sponsors to create promotional content within their gaming platforms.
- Subscription Services: Offers premium subscriptions for enhanced features and experiences in their gaming ecosystem.
- Event Hosting: Organizes competitive gaming events, generating revenue through entry fees and ticket sales.
- Merchandising: Sales of branded merchandise related to games and events.
- Game Publishing: Licensing and publishing games on their platform.
Financial Performance
In the fiscal year 2022, Super League Gaming reported the following financial metrics:
| Metric | Amount (in millions) |
|---|---|
| Total Revenue | $9.75 |
| Net Income | ($6.12) |
| Operating Expenses | $10.15 |
| Cash and Cash Equivalents | $8.04 |
Growth Strategies
SLGG focuses on several growth strategies to enhance revenue:
- Expansion of Community Reach: Developing partnerships with schools and community centers to foster local gaming leagues.
- Enhanced Digital Offerings: Increasing the number of games and experiences available on their platforms.
- Investment in Technology: Upgrading gaming infrastructure to improve user experience.
- Strategic Acquisitions: Acquiring smaller gaming companies to expand their portfolio of games and technologies.
Market Position
As of 2023, Super League Gaming holds a significant position within the gaming industry:
| Segment | Market Share (%) |
|---|---|
| Esports Hosting | 12% |
| Community Gaming Platforms | 8% |
| Gaming Merchandise | 5% |
Recent Developments
Super League Gaming has made notable advancements:
- Innovative Partnerships: Recently partnered with Riot Games to enhance their esports offerings.
- New Subscription Model: Launched a new model that includes tiered subscriptions providing different levels of access to gaming content.
- Increase in User Engagement: Reported a 40% increase in active users from 2022 to 2023.
Future Projections
Financial analysts forecast the following for SLGG in 2024:
| Projection | Amount (in millions) |
|---|---|
| Projected Revenue | $15.00 |
| Expected Growth Rate | 35% |
| Projected Operating Income | $2.50 |
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