What’s up everyone and what a week it has been in the markets?
We are seeing a lot of market volatility which is expected to continue
but it is important not to lose focus on the sectors tipped to be transformational. And one
of those is the $8tn Metaverse opportunity. So I have for you today 3 top metaverse penny stocks
which have reported stellar earnings and have been very much cheered by the markets lately.
So you want to make sure you stay to the end to understand why the market is excited about these
penny stocks, which are seeing triple digit growth right now and forecasts to continue.
So if you are bullish about video gaming, the metaverse sector and nfts then you want to make
sure you slap that like button and hit the bell so you never miss out on any of these gems from
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Most of our penny stocks are OTC penny stocks which are not tradable on Robinhood or Webull,
so if you are looking for a decent platform for OTC stocks,
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So check it out from the link in the top pinned comment and see for yourself. Thank you
That said let’s get on with it with our first stop, which is Enthusiast Gaming Holdings Inc
(EGLX) which is now sitting at $3 per share with a market cap of $404m. EGLX has had a good run since
our last update from its lows of $2.10 per share, reported some stellar results which saw the market
cheer very strongly and pushing it up 31% to highs of $3.68. Like with most stocks, it is being
weighed down by the current market uncertainty but I believe their quarter on quarter prospects
look great and would eventually be reflected in their share price, should they continue with such
levels of performances. We call these plays early in the discord, so if you want to get in early,
you should consider joining the private discord via the link in the top pinned comment.
ENTHUSIAST REPORTED THAT THEIR ESPORTS AUDIENCE SURPASSED 145 MILLION SOCIAL FOLLOWERS GLOBALLY.
They said the results of the latest custom Nielsen study for January 2022 showed that
their Luminosity Gaming’s total social following is now over 145M globally, having grown 13% since
the last study in October 2021. In addition, the hours watched for Luminosity Gaming’s esports team
on Twitch surpassed 32M globally in January, an increase of 34%. The results mean that Luminosity
Gaming has significantly increased its margin as the world’s most watched esports team on Twitch,
with hours watched now 50% greater than the nearest esports competitor which you can see here.
Their CEO Adrian Montgomery commented that, Luminosity is now head-and-shoulders above
any other professional esports organization when it comes to time watched. “And this
massive esports audience, combined with their top-ranked digital media property,
makes them the best partner for any major brand trying to connect with Gen Z and Millennials.”
ENTHUSIAST ALSO REPORTED PRELIMINARY FOURTH QUARTER 2021 RESULTS
They had the following Financial Highlights: Revenue in Q4 2021 is expected to be $56.9
million, representing a 34% increase from “Q4 2020”, they are expecting an annual revenue in
2021 of $167.4 million up from $72.8 million in 2020. They are expected a gross profit in 2021 of
$37.8 million compared to $18.7 million in 2020. They paid subscribers as at December 31, 2021,
were expected to be 220,000, representing an 80% increase from paid subscribers from 2020,
of 122,000. And ended with a cash balance of $22.7 million. So some stellar year on year results.
They added that these Q4 results again demonstrate the strength of their unique model,
and show their momentum heading into 2022,.
They expect to have generated record quarterly revenues in the fourth quarter of 2021,
led by their continued strength in direct sales, their ability to acquire and integrate assets
such as Addicting Games and U.GG, and also their ability to attract and retain paying subscribers.
Next up to our number 2 stock which is Bragg Gaming Group Inc (NASDAQ: BRAG, TSX: BRAG)
which is new to the channel and currently sitting at $6.69 per share with a market cap of $130m.
Brag has undergone significant selloff over the last 6m which is being worsened by the
current crisis but their recent result has seen them bounce really strong from lows of $4.62.
So could that be the beginning of the turnaround for this video gaming play?
Bragg Gaming Group is a growing global gaming technology and content group and owner of leading
B2B companies in the iGaming industry. Since its inception in 2018, Bragg has grown to include
operations across Europe, North America and Latin America and is expanding into an international
force within the global online gaming market. The acquisition of Oryx Gaming is the first step on
the road to the creation of a new global gaming group. And they plan to follow this with other
acquisitions in the gaming sector as they position Bragg as a next generation gaming company.
Bragg Reported Multi-Year Growth Based On Ongoing Content
And Platform Expansion And A New Market Strategy. They reported Preliminary 2021
Fourth Quarter and Full Year Revenue Exceeding Prior Guidance; And Raised 2022 Revenue Outlook.
They said they Remained on Track to Grow 2022 Year-end Total Addressable Market
Approximately Six-Fold Since the Beginning of 2021. They expect 2021 Fourth Quarter Revenue
of Approximately USD $17.6 million and Adjusted EBITDA of Approximately USD $1.5 million.
They expects 2021 Full Year Revenue of USD $66.1 million and USD $8.0 million EBITDA
and Raises Full Year 2022 Revenue Outlook
to Range to between USD $78-82 million and EBITDA Range of USD $10.8-12.0 million. Bragg
also expects to complete the acquisition of Spin Games by the end of the first quarter of 2022.
The Company’s current TAM is approximately USD$12.5 billion and Bragg expects this
to further increase to more than USD$18.0 billion by the end of 2022, reflecting its
expectations for initial activations this year in several U.S. iGaming markets and in Ontario.
And Looking forward, theirr deep bench of experienced senior management and operational
teams continue to implement strategies that are leading to new areas of growth.
And as a result of the ongoing momentum in their business, they are raising their
outlook for full year 2022 revenue range by approximately 17% at the midpoint.
And some analysts say, investors looking for cheaper alternatives to Roblox
could explore stocks like Enthusiast and Bragg,
especially considering that the gaming industry could present growth opportunities in future
amid growing demand for metaverse. So some really exciting prospects for these two stocks so far.
And finally to our gem of the day for your watchlist which is Super League Gaming
(SLGG) which has had some strong resilience in the midst of the market volatility
and now sitting at $2.19 per share up from $1.88 since our last update. And very similar to EGLX,
some strong results released have seen the markets respond very positively to Super League,
which for me goes to show how far they can go once the storm calms.
Super League Reported Preliminary Fourth Quarter and Full Year 2021 Revenue Results.
They said for Q4 2021 Revenues were Expected to Exceed $6 Million,
representing a Year-over-Year Increase of Over 650%, With a Record Reach of 75
Million Monthly Metaverse Gamers. This is just phenomenal results in my view.
And this is based on Super League expecting to report fourth quarter 2021 revenue
between $6.0 million and $6.1 million, compared to $0.8 million reported in the fourth quarter
of 2020. Full year 2021 revenue is expected to be between $11.5 million and $11.6 million, compared
to $2.1 million in fiscal year 2020, reflecting a year-over-year increase of over 450%.
In terms of key performance metrics, Super League’s platform empowered over 1.1 million
creators with tools and economies in 2021. The platform attracted 75 million monthly
active players to its metaverses and surpassed 11 billion views during 2021.
Their CEO Ann Hand commented that “their preliminary financial results
reflect their ever-expanding, premium ad inventory and increasing sales force effectiveness as we
exited 2021. “Their record-level revenue and reach are evidence that players and developers in open
gaming platforms – the gaming metaverse,– are attracted to their games and their creation and
monetization tools, and that brands trust them to help them navigate and connect in a high-impact,
safe and brand-enhancing way with Generation Z and Millennials. And they believe that they are
well-positioned to sustain this momentum in 2022 as they further develop their scalable
and immersive in-game ad platform and build their footprint in the growing metaverse.”
This stands out for me because delivering one off results is achievable but sustaining such
levels is normally what sets companies from the rest so clearly one to watch.
Super League expects to release its comprehensive fourth quarter
and full year 2021 results in early March. So you want to stay tuned for
those updates and hit that notification bell so you never miss on any of these.
So some very very interesting and mindblowing prospects ahead for these penny stocks but only
consider getting in if the price is right for you and if you fully understand the risks. This
video is not financial advice, a buy or a sell recommendation, but is meant to bring some new
and exciting penny stocks to your attention for you to do your own research.. As always
I would love to hear from you, so please let me know your thoughts on these top penny stocks in
the comments section below and what other penny stocks are catching your eyes lately.
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Thank you so much for being here and I look forward to have you in my next video. Thank you