Top Page
SportsHero Limited
(OTC:SHO)
SportsHero Limited (SHO) vs. S&P 500 (SPY)
SportsHero Limited Business Overview & Revenue Model
SportsHero Limited Financial Statement Overview
| Breakdown | ||||
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 8.54K | 24.74K | 23.14K | 30.38K | 0.00 | Gross Profit |
| -744.11K | 16.64K | 16.78K | 22.66K | -79.71K | EBIT |
| -1.02M | -3.24M | -2.40M | -1.99M | -1.73M | EBITDA |
| -628.14K | -2.17M | -1.74M | -1.44M | -1.65M | Net Income Common Stockholders |
| -621.41K | -3.25M | -2.36M | -1.98M | -1.88M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 26.72K | 203.50K | 2.56M | 1.83M | 224.53K | Total Assets |
| 34.05K | 305.99K | 2.57M | 1.84M | 470.10K | Total Debt |
| 273.57K | 524.87K | 0.00 | 0.00 | 324.40K | Net Debt |
| 246.85K | 321.37K | -2.56M | -1.83M | 99.88K | Total Liabilities |
| 595.86K | 1.02M | 264.93K | 182.94K | 732.68K | Stockholders Equity |
| -561.80K | -716.83K | 2.30M | 1.66M | -262.59K |
| Cash Flow | Free Cash Flow | |||
| -588.38K | -2.98M | ― | -1.47M | ― | Operating Cash Flow |
| -815.99K | -2.97M | -1.89M | -1.47M | -3.14M | Investing Cash Flow |
| -1.52K | -11.99K | ― | -32.12K | ― | Financing Cash Flow |
| 727.18K | 470.70K | 2.53M | 3.12M | 3.29M |
SportsHero Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$53.68M | 1.32 | 26.04% | ― | 23.66% | 589.13% | |
66 Neutral | $42.28B | 32.85 | 19.74% | 1.23% | 4.89% | -7.96% | |
60 Neutral | $13.44B | 7.03 | -2.73% | 3.78% | 2.17% | -39.43% | |
55 Neutral | $361.58M | ― | -30.20% | 40.74% | ― | ― | |
49 Neutral | AU$101.96M | ― | -36.49% | ― | -14.46% | -28.07% | |
42 Neutral | AU$4.10M | ― | -14.99% | ― | ― | 60.71% | |
33 Underperform | AU$19.75M | ― | ― | 211.05% | 58.33% |
SportsHero Limited Corporate Events
SportsHero Limited has made significant strides in the commercialization of its iGV.com Family Game Pass product, particularly in Southeast Asia. The company signed a two-year agreement with XL Axiata to market the product in Indonesia, targeting the country’s 8.3 million PC gamers. Additionally, an updated agreement with Indosat Ooredo Hutchison allows for a full commercial launch, bypassing the proof of concept phase. The expansion into the Philippines further solidifies SportsHero’s presence in the region. The appointment of Crispin Tristram as Chief Commercial Officer and securing a $1.0 million borrowing facility are strategic moves to support the company’s growth and operational rollout.
SportsHero Limited has expanded its partnership with the Indonesian Football Association (PSSI) to become their e-Sports digital platform partner. The company plans to launch the KitaGaruda Gaming Hub, offering Indonesian football fans access to exclusive e-Sports content, tournaments, and rewards. This initiative is supported by partnerships with major Indonesian telecom companies, Indosat and XL, which will facilitate increased digital engagement and revenue opportunities through various monetization strategies. The collaboration is expected to strengthen SportsHero’s position in the e-Sports market, tapping into Indonesia’s large football fan base and the growing popularity of e-Sports.
SportsHero Limited has announced the launch of its iGV.Com Family Game Pass in partnership with XL Axiata, Indonesia’s third-largest telecom provider. This collaboration allows XL Axiata’s customers to access a subscription-based platform offering over 200 popular game titles through Direct Carrier Billing, simplifying the payment process. The partnership includes a revenue-sharing agreement, with SportsHero receiving 75% of the revenue, and is expected to enhance SportsHero’s market presence in Indonesia’s gaming sector.
SportsHero Limited has revised its Continuous Disclosure Policy and Board Charter following a review by independent experts, Steinepreis Paganin. The review identified deficiencies in the company’s disclosure practices, leading to several updates aimed at enhancing transparency and compliance with ASX Listing Rules. Key amendments include establishing procedures for ASX announcements, timely preparation of board minutes, and setting a materiality threshold for disclosures. These changes aim to ensure SHO’s adherence to continuous disclosure obligations and improve communication with shareholders and the market.
SportsHero Limited has expanded its partnership with iGV to include the Philippines in its Southeast Asia market strategy. This move builds on previous agreements in Indonesia and Thailand, aiming to leverage the growing demand for iGV’s Family Game Pass, a platform offering access to over 200 popular PC games. The Philippines, with its large population of tech-savvy gamers, presents a significant opportunity for SportsHero to enhance its market presence and drive growth. The partnership underscores SportsHero’s commitment to delivering high-quality digital entertainment solutions across the region.
SportsHero Limited has released an investor presentation highlighting various opportunities, data, and financial information pertinent to its operations. The document outlines known risks and uncertainties affecting the company, emphasizing that the presentation is not exhaustive and should be considered alongside other financial disclosures. The release underscores the company’s strategic targets and plans, acknowledging potential influences from external factors beyond its control.
SportsHero Limited has released its interim financial report for the half-year ending December 31, 2024. The report includes various financial statements such as the statement of financial position, profit or loss, and cash flows, providing stakeholders with insights into the company’s financial health and operational performance over the period.
SportsHero Limited reported a significant increase in revenue by 403% for the half-year ending December 2024, reaching US$30,117. Despite this growth, the company experienced a 20% increase in losses, amounting to US$491,855, indicating ongoing financial challenges. The company did not declare any dividends for the period, and there were no changes in control over entities or involvement in joint ventures. The financial statements underwent a review by auditors, ensuring transparency in reporting.
SportsHero Limited has updated its shareholders on its financing facilities, revealing a total drawdown of $205,000 from existing loan facilities, with repayment due by September 2025. Additionally, the company disclosed a previously unreported $100,000 financing facility, which was initially misclassified as equity. This error has been corrected following an audit review. The funds from this facility, which bears a 40% annual interest rate, were used for working capital, and the company has already paid $20,000 in interest. The disclosure highlights the company’s ongoing efforts to manage its financial resources and maintain transparency with stakeholders.
SportsHero Limited has announced a significant expansion of its partnership with Indosat Ooredoo Hutchison, skipping the proof-of-concept phase to launch the iGV Family Game Pass commercially. This move highlights Indosat’s confidence in the product’s value and performance, leading to a direct commercial launch and potential revenue boost for both companies. The partnership includes Direct Carrier Billing to streamline payments for Indosat’s 100.9 million subscribers and extensive marketing through Indosat’s digital platforms, MyIM3 and Bima+, which collectively have 37.7 million monthly active users. The revenue from the partnership will be shared, with SportsHero receiving 65% and Indosat 35%, offering a promising growth opportunity in the gaming division.
SportsHero Limited has appointed Steinepreis Paganin to conduct an independent review of its compliance with ASX Listing Rule 3.1 following a directive from the ASX due to previous non-compliance concerning the disclosure of specific financial facilities. The review aims to assess and potentially revise the company’s disclosure policies, ensuring adherence to regulatory standards and maintaining transparency with shareholders.