earnings
confidence high
sentiment negative
materiality 0.65
Slinger Bag Q2 revenue doubles to $5.4M but GAAP net loss widens to $38.8M
AIRWA INC.
2022-Q2 EPS reported
-$12.04
revenue$7,938,115
- Revenue $5.4M (+106% YoY); gross profit $2.1M (+100% YoY); gross margin 38.6%.
- GAAP net loss $38.8M ($0.95/shr) vs $2.5M loss; non-GAAP net loss $1.1M ($0.03/shr).
- Announced acquisitions of PlaySight Interactive and GAMEFACE.AI for Watch, Play, Learn strategy.
- Expanded into China and Brazil tennis markets; partnered with Mouratoglou Academy.
- Foundation Tennis partnership with Square announced.