Private Placement Details - Genius Metals Inc completed the second tranche of its non-brokered private placement, issuing 3,087,500 units for additional gross proceeds of $247,000 [1] - In total, the company raised $947,000 and issued 11,837,500 units under the private placement [2] - Each unit consists of one common share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.12 for 24 months [2] Use of Proceeds and Securities Information - The net proceeds from the offering will be allocated towards the development of the company's portfolio in Québec and Morocco, as well as for general working capital purposes [4] - All securities issued are subject to a statutory hold period of four months and one day from the date of issuance, and the offering remains subject to final approval from the TSX Venture Exchange [3] Digital Marketing Agreement - Genius Metals entered into a Digital Marketing Services Agreement with Senergy Communications Capital Inc, covering services such as digital advertising, social media marketing, and shareholder communications [6] - The agreement spans four months from January 1 to April 30, 2025, with a payment of C$40,000 plus GST for the services [6] Company Overview - Genius Metals is a Canadian mineral exploration company focused on acquiring, exploring, and developing natural resource properties in Morocco and Canada [7]

Core Viewpoint - Genius Sports Limited (GENI) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to institutional investors adjusting their valuations, resulting in stock price movements due to large transactions [4]. Recent Performance and Outlook - For the fiscal year ending December 2024, Genius Sports Limited is projected to earn -$0.10 per share, reflecting a 69.7% change from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Genius Sports Limited has increased by 113.3%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - The upgrade to Zacks Rank 2 places Genius Sports Limited in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].

Core Points - Genius Metals Inc. has successfully closed a non-brokered private placement, raising total gross proceeds of $700,000 through the issuance of 8,750,000 units at a price of $0.08 per unit [3] - Each unit consists of one common share and one half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $0.12 for a period of 24 months [4] - The net proceeds from the offering will be allocated towards the development of the Corporation's portfolio in Québec and Morocco, as well as for general working capital purposes [6] Financial Details - The offering is subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws [5] - The Corporation expects to pay finder’s fees totaling $41,300 and issue 516,250 warrants to third parties who assisted in the offering [6] Related Party Transactions - An officer and director of the Corporation participated in the offering by purchasing 125,000 units, which is classified as a related party transaction [7] - The Corporation relied on exemptions from formal valuation and minority shareholder approval requirements as the value of securities issued to insiders did not exceed 25% of the Corporation’s market capitalization [7] Company Overview - Genius Metals is a Canadian mineral exploration company focused on the acquisition, exploration, and potential development of natural resource properties in Canada and Morocco [9]

Company Overview - Genius Sports Limited (GENI) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting favorable market performance expectations [4] Price Performance - Over the past week, GENI shares have increased by 12.75%, outperforming the Zacks Internet - Content industry, which rose by 2.43% [6] - In a longer timeframe, GENI's monthly price change is 24.37%, significantly higher than the industry's 1.58% [6] - Over the past quarter, GENI shares have risen by 21.48%, and over the last year, they have gained 88.18%, while the S&P 500 has only increased by 9.45% and 33.9%, respectively [7] Trading Volume - The average 20-day trading volume for GENI is 2,881,731 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, one earnings estimate for GENI has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from -$0.20 to -$0.15 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10]

Financial Data and Key Metrics Changes - The company reported group revenue of $120 million for Q3 2024, representing an 18% year-on-year growth [5] - Group adjusted EBITDA reached $26 million, reflecting a 45% growth year-on-year and a margin expansion of 400 basis points to 21% [5][6] - The company raised its 2024 guidance to $511 million in group revenue, up 24% year-on-year, and $86 million in adjusted EBITDA, up 61% [7][34] Business Line Data and Key Metrics Changes - The betting product increased by 30% year-on-year, with the US betting business growing by 60% compared to Q3 of the previous year [28][29] - European revenue achieved a year-on-year growth of 22% in the quarter, following successful renegotiations with non-US sportsbooks [29] Market Data and Key Metrics Changes - The broader US sports betting industry increased by approximately 30% on a handle basis and 40% on gross gaming revenue basis [14] - In-play betting represented 30% of total NFL handle, up from roughly 25% in the prior season, indicating a significant growth in this segment [15] Company Strategy and Development Direction - The company is focused on leveraging technology to monetize data across the sports ecosystem, with the launch of the FANHub platform aimed at connecting brands with sports audiences [24][25] - The company has extended its largest rights deals through the end of the decade, providing certainty of fixed costs and reinforcing medium-term expectations for sustained annual revenue growth of 20% [8][34] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model, reaffirming Q4 guidance of nearly 40% revenue growth despite unfavorable game outcomes in October [7][48] - The company anticipates positive cash flow for the 2024 calendar year, with a focus on maintaining growth and margin expansion [32][34] Other Important Information - The company achieved universal pricing uplift across all sportsbook renewals, which is expected to contribute positively to future growth [12][44] - The launch of BetVision has significantly increased engagement and in-play betting, with unique weekly streamers increasing by 12 times since its initial launch [20][21] Q&A Session All Questions and Answers Question: How should we think about the magnitude of change in blended commission rates relative to today and the timing of this flowing through the model? - Management indicated that they have taken price on every deal, both in pre-match and in-play, resulting in a material amount of change, although specific details were not disclosed [38] Question: Can you talk about how recent product announcements feed into qualitative drivers for the media segment? - Management highlighted that the self-serve platform provides a significant opportunity, positioning the company as a trade desk for sports, leveraging unique data to drive efficiencies [39][40] Question: What is the impact of negative sports results on Q4? - Management acknowledged that while US sportsbook results are a headwind, they are confident in reiterating Q4 guidance due to multiple growth drivers [48] Question: Can you provide a full year free cash flow range number? - Management reiterated the expectation of positive cash flow for 2024 but did not provide a specific range due to potential fluctuations in cash receipts and payments [55][56] Question: Is there anything going better or worse than expected regarding NFL revenues and betting behavior? - Management confirmed a strong relationship with the NFL and noted that the partnership is driving product innovation, particularly with BetVision [63] Question: What needs to happen to achieve the 30% EBITDA margin target? - Management indicated that the path to the 30% target is clear, driven by existing product sets and the rollout of new products, with a focus on maintaining a predictable cost base [68][74]

| --- | --- | --- | |-----------------------------|-------|-------| | | | | | | | | | | | | | | | | | Third Quarter 2024 Earnings | | | | November 12, 2024 | | | Disclaimer Forward-Looking Statements This presentation contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-lo ...

Core Viewpoint - Genius Sports Limited reported a quarterly loss of $0.02 per share, which aligns with the Zacks Consensus Estimate, showing improvement from a loss of $0.06 per share a year ago [1] - The company achieved revenues of $120.2 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.96% and up from $101.73 million year-over-year [2] Financial Performance - The company has not surpassed consensus EPS estimates over the last four quarters, with a previous expectation of a loss of $0.04 per share turning into an actual loss of $0.09, resulting in a surprise of -125% [1] - Genius Sports Limited has topped consensus revenue estimates four times in the last four quarters [2] Stock Performance - Shares of Genius Sports Limited have increased approximately 30.7% since the beginning of the year, outperforming the S&P 500's gain of 25.8% [3] Future Outlook - The company's earnings outlook will be crucial for determining future stock movements, with current consensus EPS estimates at $0.02 on revenues of $175.75 million for the upcoming quarter and -$0.20 on revenues of $509.85 million for the current fiscal year [4][7] - The estimate revisions trend for Genius Sports Limited is mixed, currently resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Internet - Content industry, to which Genius Sports Limited belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Financial Performance - Revenue for the three months ended September 30, 2024, was $120,198 thousand, a 18.0% increase from $101,729 thousand in the same period of 2023[8] - Gross profit for the three months ended September 30, 2024, was $40,082 thousand, compared to $24,283 thousand for the same period in 2023, representing a 65.0% increase[8] - Net income for the three months ended September 30, 2024, was $12,505 thousand, a significant improvement from a net loss of $11,616 thousand in the same period of 2023[10] - Total revenue for the nine months ended September 30, 2024, reached $335,363 thousand, a 17% increase from $285,805 thousand in the same period of 2023[44] - Net loss for the nine months ended September 30, 2024, was $34,828 million, an improvement from a net loss of $47,082 million for the same period in 2023[13] Assets and Liabilities - Total current assets decreased to $224,381 thousand as of September 30, 2024, down from $244,781 thousand at December 31, 2023[6] - Total liabilities decreased to $169,613 thousand as of September 30, 2024, compared to $202,705 thousand at December 31, 2023, reflecting a reduction of approximately 16.3%[6] - Total shareholders' equity decreased to $555,265 thousand as of September 30, 2024, down from $573,019 thousand at December 31, 2023[5] - Cash and cash equivalents decreased to $42,314 thousand as of September 30, 2024, down from $100,331 thousand at December 31, 2023[6] Revenue Breakdown - Revenue from Betting Technology, Content and Services for the nine months ended September 30, 2024, was $226,646 thousand, up 21% from $187,529 thousand in the same period of 2023[44] - Revenue from Europe for the three months ended September 30, 2024, was $68,365 thousand, representing a 22% increase from $56,211 thousand in the same period of 2023[45] - Revenue from Sports Technology and Services for the three months ended September 30, 2024, was $12,447 thousand, slightly down from $12,864 thousand in the same period of 2023[44] - Revenue from Media Technology, Content and Services for the three months ended September 30, 2024, was $22,126 thousand, a slight decrease from $22,938 thousand in the same period of 2023[44] Expenses - Operating expenses for the three months ended September 30, 2024, totaled $46,138 thousand, an increase from $33,173 thousand in the same period of 2023[8] - General and administrative expenses rose to $30.4 million for the three months ended September 30, 2024, up from $20.4 million, marking a 49% increase[142] - Sales and marketing expenses increased to $9.5 million for the three months ended September 30, 2024, compared to $5.8 million, reflecting a 62% rise[140] - Cost of revenue increased to $80.1 million for the three months ended September 30, 2024, from $77.4 million, primarily due to higher data rights costs[139] Cash Flow - Cash used in operating activities decreased to $4,775 million for the nine months ended September 30, 2024, compared to $9,151 million in the prior year[13] - Cash used in investing activities increased to $45,985 million for the nine months ended September 30, 2024, from $34,116 million in 2023[13] - Cash and cash equivalents at the end of the period were $69,075 million, down from $116,391 million at the end of September 30, 2023[13] Stock and Compensation - The company reported a basic earnings per share of $0.05 for the three months ended September 30, 2024, compared to a loss of $0.05 per share in the same period of 2023[8] - The compensation cost recognized for restricted shares during the nine months ended September 30, 2024 was $4.6 million, compared to $4.4 million for the same period in 2023[76] - The company had 91,436 stock options outstanding as of September 30, 2024, with a weighted average exercise price of $10.00[78] Foreign Currency and Market Risks - The company underwent a change in functional currency from GBP to USD effective January 1, 2024, due to changes in the primary economic environment[17] - Genius' primary market risk exposure is to foreign currency exchange, with ongoing sensitivity analysis conducted[175] - The company does not currently hedge its foreign currency translation or transaction exposure but may consider it in the future[125] Legal and Compliance - The company is not currently involved in material legal proceedings, but is engaged in various pending and threatened litigation and regulatory matters[176] - Compliance with additional requirements as a large accelerated filer may increase legal, accounting, and financial compliance costs[178]

Genius Sports Limited (NYSE:GENI) Q2 2024 Results Conference Call August 6, 2024 8:00 AM ET Company Participants Brandon Bukstel - Investor Relations Manager Mark Locke - Chief Executive Officer Nicholas Taylor - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Bernie McTernan - Needham and Company Robin Farley - UBS Jordan Bender - Citizens JMP Jed Kelly - Oppenheimer & Co Mike Hickey - Benchmark Company Chad Beynon - Macquarie Eric Martinuzzi - Lake Street Cap ...

Genius Sports Limited (GENI) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -125%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.11, delivering a surprise of -22.22%. Over the last four quarters, the company has ...