KendyTan
2021-10-21
Wow
NextPlay soared nearly 20% in premarket trading
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":853213039,"tweetId":"853213039","gmtCreate":1634812910754,"gmtModify":1634813032843,"author":{"id":3583524295509738,"idStr":"3583524295509738","authorId":3583524295509738,"authorIdStr":"3583524295509738","name":"KendyTan","avatar":"https://static.tigerbbs.com/9478b3f8c6931b5744d4812a36de5ec2","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Wow</p></body></html>","htmlText":"<html><head></head><body><p>Wow</p></body></html>","text":"Wow","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/853213039","repostId":1115154105,"repostType":4,"repost":{"id":"1115154105","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1634803444,"share":"https://www.laohu8.com/m/news/1115154105?lang=&edition=full","pubTime":"2021-10-21 16:04","market":"us","language":"en","title":"NextPlay soared nearly 20% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1115154105","media":"Tiger Newspress","summary":"(Oct 21) NextPlay soared nearly 20% in premarket trading. It reports FQ2 results today, and it Annou","content":"<p>(Oct 21) NextPlay soared nearly 20% in premarket trading. It reports FQ2 results today, and it Announces Plans to Launch a New Class of Tokenized Medical Real Estate in Conjunction with NextPlay’s Extension into Medical Tourism.</p>\n<p><img src=\"https://static.tigerbbs.com/211101710b4cb21818f267816f78dbae\" tg-width=\"1067\" tg-height=\"567\" referrerpolicy=\"no-referrer\">via<u>NewMediaWire --</u><b>NextPlay Technologies, Inc. (NASDAQ: NXTP)</b>, a digital business ecosystem for consumers, digital advertisers, video gamers and travelers, reported results for the second quarter of fiscal 2022 ended August 31, 2021.</p>\n<p><b>Financial Highlights</b></p>\n<p>● Revenue totaled a record $2.6 million compared to none in the same year-ago quarter, which was attributed to acquisitions completed approximately mid-quarter only contributing about 60% of their revenue on aggregate. The contribution will rise to 100% in the current fiscal third quarter.</p>\n<p>● Gross profit totaled $1.4 million, with consolidated gross margin at 51.9%.</p>\n<p>● Assets totaled $103.8 million</p>\n<p>● Cash and cash equivalents and restricted cash totaled $8.9 million.</p>\n<p><b>Operational Highlights</b></p>\n<p>● Completed merger with in-game advertising technology provider,HotPlay Enterprise, and changed the company name to NextPlay Technologies.</p>\n<p>● Acquired majority interest inZappware, an award-winning connected TV service provider that delivers a personalized entertainment experience across tens of millions of set-top boxes, connected TVs, smartphones, tablets and PCs.</p>\n<p>● AcquiredInternational Finance Enterprise Bank(IFEB). Under the new name ofNextBank International, the bank will offer a full range of global fintech products and solutions, both direct to consumers and businesses as well as through other NextPlay divisions.</p>\n<p>● Reorganized the company’s operations and technologies under three new divisions: Interactive Digital Media (NextMedia); Fintech (NextFin) products and solutions; and Travel (NextTravel) for travel technology and services.</p>\n<p>● Partnered withMediakeys, an international media and advertising agency, to accelerate the company’s global expansion of NextPlay’s in-game advertising platform.</p>\n<p>● Strengthened NextPlay’s executive team with the appointments of in-game tech industry leader and former CEO of HotPlay,Nithinan (Jessie) Boonyawattanapisut, as co-CEO; award-winning digital media executive,Andrew Greaves,as chief operating officer; and industry leader in video game development,Mark Vange, as chief technology officer. Subsequent to the quarter, industry fintech leader,Jorge E. Miró Hernández, was appointed president and chief operating officer of NextBank International.</p>\n<p>● Entered definitive agreement to acquire two complementary technology companies:Token IQ, a leading innovator in digital asset management that provides cryptocurrency owners a solution to replace lost or inaccessible assets; andMake It Games™, the AI-powered video game development platform of Fighter Base Publishing.</p>\n<p><b>Management Commentary</b></p>\n<p>“Our second quarter of fiscal 2022 was a major inflection point for NextPlay, as we transformed our business through several highly-synergistic acquisitions, and laid the foundation for future growth and expansion,” commented NextPlay co-CEO, Bill Kerby. “This resulted in record revenues of $2.6 million, which we expect to more than double in the current quarter as all of these acquisitions contribute fully. We also anticipate gross margin expansion above the record 51.9% in Q2 as we develop synergies between our divisions.</p>\n<p>“This M&A activity included establishing a new Interactive Digital Media division with the acquisitions of the HotPlay in-game advertising platform at the beginning of the quarter and then Zappware’s Connected TV platform about mid-quarter.</p>\n<p>“Zappware’s award-wining entertainment media platform reaches tens of millions of devices across Europe, with this expanding into Latin America, Asia and other parts of the world. HotPlay plugs directly into casual games on set-top boxes, connected TVs, smartphones, tablets and PCs. It seamlessly integrates digital ads into video games without disrupting gameplay, which empowers video game publishers to monetize their IP without compromising game integrity.</p>\n<p>“We are working on the integration of Zappware with HotPlay, which would enable digital advertisers and brands using HotPlay to reach a vast global Pay TV consumer base like never before. We expect the addition of Make It Games to further enhance the HotPlay platform with AI-powered video game development technology and thereby provide a further competitive edge.</p>\n<p>“We also acquired mid-quarter IFEB bank, which we now call NextBank International, that allows us to offer asset banking and management, mobile payments and insurance, as well as provide consumers and businesses with access to cryptocurrency exchanges and digital wallets. NextBank International will additionally support and enhance our other divisions with integrated fintech services and capabilities.”</p>\n<p>NextPlay’s Fintech division is also working on several initial coin offerings through the Longroot ICO portal. This includes the previously announced Magnolia “Forestias” real estate coin offering and a tokenized fund for medical facility related investments, such as facilities serving medical tourism.</p>\n<p>These ICOs are advancing towards IPO underwritings by Longroot, NextPlay’s majority owned Longroot Limited, which controls Thai SEC-authorized Initial Coin Offering portal Longroot (Thailand) Company Limited. Longroot is authorized and regulated under global-leading Thai Digital Asset Business Law and licensed by the Thai Securities & Exchange Commission.</p>\n<p>Concurrently, NextPlay’s Fintech division is building relationships with Crypto Trading Exchanges and selling groups it believes are necessary for successful initial coin offerings. To that end, NextPlay’s Fintech team has been in advanced discussions with several well-established digital asset listing and trading exchanges in Asia and North America to be in step and in-place with the proposed ICOs.</p>\n<p>“We see the addition of Token IQ technology becoming core to all our products and services, from our Longroot asset-based cryptocurrencies and HotPlay in-game tokens, to future NextBank fintech services and NextTrip medical tourism offerings,” continued Kerby. “Token IQ also brings valuable technology and software development talent to support the technology integration between our platforms and our partners, as well as further our IP development.</p>\n<p>“Altogether, we believe the integration of these acquisitions will enable us to seamlessly engage consumers across the physical and digital worlds like no other company in the market today. They have been key to our vision of building a dynamic digital ecosystem that reaches consumers, gamers and travelers worldwide for the benefit of digital advertisers and brands.</p>\n<p>“As we begin the second half of fiscal 2022, we are now exceptionally well positioned for growth across our three divisions of interactive digital media, fintech and travel. In addition to the planned Zappware/HotPlay integration, we see near-term revenue growth and margin expansion through anticipated HotPlay deployments and Longroot cryptocurrency offerings, and with this accelerating us toward strong cashflow and profitability.”</p>\n<p>NextPlay’s co-CEO Nithinan ‘Jessie’ Boonyawattanapisut added, “Each of our new divisions are led by highly accomplished and capable management who are experts in their fields, and who have assembled equally capable teams. They are leading growth plans for each of these divisions, which includes many opportunities for cross-leveraging and cross-pollinating their respective technologies, customer bases, and market channels to generate robust returns and increasing shareholder value over the long term.”</p>\n<p><b>Q2 Fiscal 2022 Financial Summary</b></p>\n<p>Due to the reverse merger with HotPlay, the year-ago results for the second quarter of fiscal 2021 and at February 28, 2021 incorporate only HotPlay’s financials.</p>\n<p>Revenue for the second quarter of fiscal 2022 totaled $2.6 million, as compared to no revenue in the same year-ago quarter. The improvement was primarily the result of the acquisitions of HotPlay, Zappware (via acquisition of Reinhart TV), and IFEB Bank (now NextBank International).</p>\n<p>The Digital Interactive Media revenue was primarily due to the contribution of Zappware product deployments, services and service license agreements. The fintech revenue was attributed to interest income and loan fees, as generated by NextBank. The increase in travel revenue was due to travel reservations booked by the company’sNextTripunits.</p>\n<p>Consolidated gross profit totaled $1.4 million or 51.9% of revenue, as compared to none in the year-ago period.</p>\n<p>Total operating expenses totaled $6.2 million, compared to $422,000 in the same year-ago period. The majority increase was primarily due to one-time acquisition-related expenses, and the consolidation of expenses from business combinations of HotPlay, Reinhart/Zappware, and IFEB.</p>\n<p>Net loss was $9.7 million or $(0.11) per basic and fully diluted share, as compared to a net loss of $411,000 or $(5.06) per basic and fully diluted share in same year-ago period.</p>\n<p>Cash and cash equivalents at August 31, 2021 totaled $8.9 million, compared to $445,000 at February 28, 2021.</p>\n<p>The Company’s Q2, 2022 Financial Report, and other reports the Company files with the SEC, including reports on Forms 10-Q, 10-K and 8-K, can be accessed atsec.govand on NextPlay’s website in theIR section.</p>\n<p><b>About NextPlay Technologies</b></p>\n<p>NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. To learn more about NextPlay, visitNextPlayTechnologies.com, and follow us onTwitter@NextPlayTech andLinkedIn.</p>\n<p><b>Important Cautions Regarding Forward-Looking Statements and Disclaimers</b></p>\n<p>This press release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release.</p>\n<p>Factors that may cause such a difference include risks and uncertainties related to our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term travel business success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our travel business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving ALR, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of, Longroot and NextBank (formerly IFEB ); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; risks associated with the integration of the operations of HotPlay Enterprise Limited, which acquisition we recently competed; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by the Company are detailed from time to time in the Company’s periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings “Risk Factors”. These reports are available atwww.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.</p>\n<p>None of the tokens contemplated in this release (collectively, the “Securities) have been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemption provided by Regulation S thereunder. The Securities referenced herein are not for distribution, directly or indirectly, in or into the United States or to any U.S. person as defined in Regulation S. This announcement is not an offer of Securities for sale into the United States. The Securities have not been registered under the Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S) unless they are registered under the Securities Act or they are exempt from registration under the Securities Act. Hedging transactions involving these Securities may not be conducted unless in compliance with the Securities Act.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NextPlay soared nearly 20% in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNextPlay soared nearly 20% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-10-21 16:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Oct 21) NextPlay soared nearly 20% in premarket trading. It reports FQ2 results today, and it Announces Plans to Launch a New Class of Tokenized Medical Real Estate in Conjunction with NextPlay’s Extension into Medical Tourism.</p>\n<p><img src=\"https://static.tigerbbs.com/211101710b4cb21818f267816f78dbae\" tg-width=\"1067\" tg-height=\"567\" referrerpolicy=\"no-referrer\">via<u>NewMediaWire --</u><b>NextPlay Technologies, Inc. (NASDAQ: NXTP)</b>, a digital business ecosystem for consumers, digital advertisers, video gamers and travelers, reported results for the second quarter of fiscal 2022 ended August 31, 2021.</p>\n<p><b>Financial Highlights</b></p>\n<p>● Revenue totaled a record $2.6 million compared to none in the same year-ago quarter, which was attributed to acquisitions completed approximately mid-quarter only contributing about 60% of their revenue on aggregate. The contribution will rise to 100% in the current fiscal third quarter.</p>\n<p>● Gross profit totaled $1.4 million, with consolidated gross margin at 51.9%.</p>\n<p>● Assets totaled $103.8 million</p>\n<p>● Cash and cash equivalents and restricted cash totaled $8.9 million.</p>\n<p><b>Operational Highlights</b></p>\n<p>● Completed merger with in-game advertising technology provider,HotPlay Enterprise, and changed the company name to NextPlay Technologies.</p>\n<p>● Acquired majority interest inZappware, an award-winning connected TV service provider that delivers a personalized entertainment experience across tens of millions of set-top boxes, connected TVs, smartphones, tablets and PCs.</p>\n<p>● AcquiredInternational Finance Enterprise Bank(IFEB). Under the new name ofNextBank International, the bank will offer a full range of global fintech products and solutions, both direct to consumers and businesses as well as through other NextPlay divisions.</p>\n<p>● Reorganized the company’s operations and technologies under three new divisions: Interactive Digital Media (NextMedia); Fintech (NextFin) products and solutions; and Travel (NextTravel) for travel technology and services.</p>\n<p>● Partnered withMediakeys, an international media and advertising agency, to accelerate the company’s global expansion of NextPlay’s in-game advertising platform.</p>\n<p>● Strengthened NextPlay’s executive team with the appointments of in-game tech industry leader and former CEO of HotPlay,Nithinan (Jessie) Boonyawattanapisut, as co-CEO; award-winning digital media executive,Andrew Greaves,as chief operating officer; and industry leader in video game development,Mark Vange, as chief technology officer. Subsequent to the quarter, industry fintech leader,Jorge E. Miró Hernández, was appointed president and chief operating officer of NextBank International.</p>\n<p>● Entered definitive agreement to acquire two complementary technology companies:Token IQ, a leading innovator in digital asset management that provides cryptocurrency owners a solution to replace lost or inaccessible assets; andMake It Games™, the AI-powered video game development platform of Fighter Base Publishing.</p>\n<p><b>Management Commentary</b></p>\n<p>“Our second quarter of fiscal 2022 was a major inflection point for NextPlay, as we transformed our business through several highly-synergistic acquisitions, and laid the foundation for future growth and expansion,” commented NextPlay co-CEO, Bill Kerby. “This resulted in record revenues of $2.6 million, which we expect to more than double in the current quarter as all of these acquisitions contribute fully. We also anticipate gross margin expansion above the record 51.9% in Q2 as we develop synergies between our divisions.</p>\n<p>“This M&A activity included establishing a new Interactive Digital Media division with the acquisitions of the HotPlay in-game advertising platform at the beginning of the quarter and then Zappware’s Connected TV platform about mid-quarter.</p>\n<p>“Zappware’s award-wining entertainment media platform reaches tens of millions of devices across Europe, with this expanding into Latin America, Asia and other parts of the world. HotPlay plugs directly into casual games on set-top boxes, connected TVs, smartphones, tablets and PCs. It seamlessly integrates digital ads into video games without disrupting gameplay, which empowers video game publishers to monetize their IP without compromising game integrity.</p>\n<p>“We are working on the integration of Zappware with HotPlay, which would enable digital advertisers and brands using HotPlay to reach a vast global Pay TV consumer base like never before. We expect the addition of Make It Games to further enhance the HotPlay platform with AI-powered video game development technology and thereby provide a further competitive edge.</p>\n<p>“We also acquired mid-quarter IFEB bank, which we now call NextBank International, that allows us to offer asset banking and management, mobile payments and insurance, as well as provide consumers and businesses with access to cryptocurrency exchanges and digital wallets. NextBank International will additionally support and enhance our other divisions with integrated fintech services and capabilities.”</p>\n<p>NextPlay’s Fintech division is also working on several initial coin offerings through the Longroot ICO portal. This includes the previously announced Magnolia “Forestias” real estate coin offering and a tokenized fund for medical facility related investments, such as facilities serving medical tourism.</p>\n<p>These ICOs are advancing towards IPO underwritings by Longroot, NextPlay’s majority owned Longroot Limited, which controls Thai SEC-authorized Initial Coin Offering portal Longroot (Thailand) Company Limited. Longroot is authorized and regulated under global-leading Thai Digital Asset Business Law and licensed by the Thai Securities & Exchange Commission.</p>\n<p>Concurrently, NextPlay’s Fintech division is building relationships with Crypto Trading Exchanges and selling groups it believes are necessary for successful initial coin offerings. To that end, NextPlay’s Fintech team has been in advanced discussions with several well-established digital asset listing and trading exchanges in Asia and North America to be in step and in-place with the proposed ICOs.</p>\n<p>“We see the addition of Token IQ technology becoming core to all our products and services, from our Longroot asset-based cryptocurrencies and HotPlay in-game tokens, to future NextBank fintech services and NextTrip medical tourism offerings,” continued Kerby. “Token IQ also brings valuable technology and software development talent to support the technology integration between our platforms and our partners, as well as further our IP development.</p>\n<p>“Altogether, we believe the integration of these acquisitions will enable us to seamlessly engage consumers across the physical and digital worlds like no other company in the market today. They have been key to our vision of building a dynamic digital ecosystem that reaches consumers, gamers and travelers worldwide for the benefit of digital advertisers and brands.</p>\n<p>“As we begin the second half of fiscal 2022, we are now exceptionally well positioned for growth across our three divisions of interactive digital media, fintech and travel. In addition to the planned Zappware/HotPlay integration, we see near-term revenue growth and margin expansion through anticipated HotPlay deployments and Longroot cryptocurrency offerings, and with this accelerating us toward strong cashflow and profitability.”</p>\n<p>NextPlay’s co-CEO Nithinan ‘Jessie’ Boonyawattanapisut added, “Each of our new divisions are led by highly accomplished and capable management who are experts in their fields, and who have assembled equally capable teams. They are leading growth plans for each of these divisions, which includes many opportunities for cross-leveraging and cross-pollinating their respective technologies, customer bases, and market channels to generate robust returns and increasing shareholder value over the long term.”</p>\n<p><b>Q2 Fiscal 2022 Financial Summary</b></p>\n<p>Due to the reverse merger with HotPlay, the year-ago results for the second quarter of fiscal 2021 and at February 28, 2021 incorporate only HotPlay’s financials.</p>\n<p>Revenue for the second quarter of fiscal 2022 totaled $2.6 million, as compared to no revenue in the same year-ago quarter. The improvement was primarily the result of the acquisitions of HotPlay, Zappware (via acquisition of Reinhart TV), and IFEB Bank (now NextBank International).</p>\n<p>The Digital Interactive Media revenue was primarily due to the contribution of Zappware product deployments, services and service license agreements. The fintech revenue was attributed to interest income and loan fees, as generated by NextBank. The increase in travel revenue was due to travel reservations booked by the company’sNextTripunits.</p>\n<p>Consolidated gross profit totaled $1.4 million or 51.9% of revenue, as compared to none in the year-ago period.</p>\n<p>Total operating expenses totaled $6.2 million, compared to $422,000 in the same year-ago period. The majority increase was primarily due to one-time acquisition-related expenses, and the consolidation of expenses from business combinations of HotPlay, Reinhart/Zappware, and IFEB.</p>\n<p>Net loss was $9.7 million or $(0.11) per basic and fully diluted share, as compared to a net loss of $411,000 or $(5.06) per basic and fully diluted share in same year-ago period.</p>\n<p>Cash and cash equivalents at August 31, 2021 totaled $8.9 million, compared to $445,000 at February 28, 2021.</p>\n<p>The Company’s Q2, 2022 Financial Report, and other reports the Company files with the SEC, including reports on Forms 10-Q, 10-K and 8-K, can be accessed atsec.govand on NextPlay’s website in theIR section.</p>\n<p><b>About NextPlay Technologies</b></p>\n<p>NextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. To learn more about NextPlay, visitNextPlayTechnologies.com, and follow us onTwitter@NextPlayTech andLinkedIn.</p>\n<p><b>Important Cautions Regarding Forward-Looking Statements and Disclaimers</b></p>\n<p>This press release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release.</p>\n<p>Factors that may cause such a difference include risks and uncertainties related to our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term travel business success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our travel business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving ALR, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of, Longroot and NextBank (formerly IFEB ); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; risks associated with the integration of the operations of HotPlay Enterprise Limited, which acquisition we recently competed; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by the Company are detailed from time to time in the Company’s periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings “Risk Factors”. These reports are available atwww.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.</p>\n<p>None of the tokens contemplated in this release (collectively, the “Securities) have been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemption provided by Regulation S thereunder. The Securities referenced herein are not for distribution, directly or indirectly, in or into the United States or to any U.S. person as defined in Regulation S. This announcement is not an offer of Securities for sale into the United States. The Securities have not been registered under the Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S) unless they are registered under the Securities Act or they are exempt from registration under the Securities Act. Hedging transactions involving these Securities may not be conducted unless in compliance with the Securities Act.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NXTP":"NextPlay Technologies"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115154105","content_text":"(Oct 21) NextPlay soared nearly 20% in premarket trading. It reports FQ2 results today, and it Announces Plans to Launch a New Class of Tokenized Medical Real Estate in Conjunction with NextPlay’s Extension into Medical Tourism.\nviaNewMediaWire --NextPlay Technologies, Inc. (NASDAQ: NXTP), a digital business ecosystem for consumers, digital advertisers, video gamers and travelers, reported results for the second quarter of fiscal 2022 ended August 31, 2021.\nFinancial Highlights\n● Revenue totaled a record $2.6 million compared to none in the same year-ago quarter, which was attributed to acquisitions completed approximately mid-quarter only contributing about 60% of their revenue on aggregate. The contribution will rise to 100% in the current fiscal third quarter.\n● Gross profit totaled $1.4 million, with consolidated gross margin at 51.9%.\n● Assets totaled $103.8 million\n● Cash and cash equivalents and restricted cash totaled $8.9 million.\nOperational Highlights\n● Completed merger with in-game advertising technology provider,HotPlay Enterprise, and changed the company name to NextPlay Technologies.\n● Acquired majority interest inZappware, an award-winning connected TV service provider that delivers a personalized entertainment experience across tens of millions of set-top boxes, connected TVs, smartphones, tablets and PCs.\n● AcquiredInternational Finance Enterprise Bank(IFEB). Under the new name ofNextBank International, the bank will offer a full range of global fintech products and solutions, both direct to consumers and businesses as well as through other NextPlay divisions.\n● Reorganized the company’s operations and technologies under three new divisions: Interactive Digital Media (NextMedia); Fintech (NextFin) products and solutions; and Travel (NextTravel) for travel technology and services.\n● Partnered withMediakeys, an international media and advertising agency, to accelerate the company’s global expansion of NextPlay’s in-game advertising platform.\n● Strengthened NextPlay’s executive team with the appointments of in-game tech industry leader and former CEO of HotPlay,Nithinan (Jessie) Boonyawattanapisut, as co-CEO; award-winning digital media executive,Andrew Greaves,as chief operating officer; and industry leader in video game development,Mark Vange, as chief technology officer. Subsequent to the quarter, industry fintech leader,Jorge E. Miró Hernández, was appointed president and chief operating officer of NextBank International.\n● Entered definitive agreement to acquire two complementary technology companies:Token IQ, a leading innovator in digital asset management that provides cryptocurrency owners a solution to replace lost or inaccessible assets; andMake It Games™, the AI-powered video game development platform of Fighter Base Publishing.\nManagement Commentary\n“Our second quarter of fiscal 2022 was a major inflection point for NextPlay, as we transformed our business through several highly-synergistic acquisitions, and laid the foundation for future growth and expansion,” commented NextPlay co-CEO, Bill Kerby. “This resulted in record revenues of $2.6 million, which we expect to more than double in the current quarter as all of these acquisitions contribute fully. We also anticipate gross margin expansion above the record 51.9% in Q2 as we develop synergies between our divisions.\n“This M&A activity included establishing a new Interactive Digital Media division with the acquisitions of the HotPlay in-game advertising platform at the beginning of the quarter and then Zappware’s Connected TV platform about mid-quarter.\n“Zappware’s award-wining entertainment media platform reaches tens of millions of devices across Europe, with this expanding into Latin America, Asia and other parts of the world. HotPlay plugs directly into casual games on set-top boxes, connected TVs, smartphones, tablets and PCs. It seamlessly integrates digital ads into video games without disrupting gameplay, which empowers video game publishers to monetize their IP without compromising game integrity.\n“We are working on the integration of Zappware with HotPlay, which would enable digital advertisers and brands using HotPlay to reach a vast global Pay TV consumer base like never before. We expect the addition of Make It Games to further enhance the HotPlay platform with AI-powered video game development technology and thereby provide a further competitive edge.\n“We also acquired mid-quarter IFEB bank, which we now call NextBank International, that allows us to offer asset banking and management, mobile payments and insurance, as well as provide consumers and businesses with access to cryptocurrency exchanges and digital wallets. NextBank International will additionally support and enhance our other divisions with integrated fintech services and capabilities.”\nNextPlay’s Fintech division is also working on several initial coin offerings through the Longroot ICO portal. This includes the previously announced Magnolia “Forestias” real estate coin offering and a tokenized fund for medical facility related investments, such as facilities serving medical tourism.\nThese ICOs are advancing towards IPO underwritings by Longroot, NextPlay’s majority owned Longroot Limited, which controls Thai SEC-authorized Initial Coin Offering portal Longroot (Thailand) Company Limited. Longroot is authorized and regulated under global-leading Thai Digital Asset Business Law and licensed by the Thai Securities & Exchange Commission.\nConcurrently, NextPlay’s Fintech division is building relationships with Crypto Trading Exchanges and selling groups it believes are necessary for successful initial coin offerings. To that end, NextPlay’s Fintech team has been in advanced discussions with several well-established digital asset listing and trading exchanges in Asia and North America to be in step and in-place with the proposed ICOs.\n“We see the addition of Token IQ technology becoming core to all our products and services, from our Longroot asset-based cryptocurrencies and HotPlay in-game tokens, to future NextBank fintech services and NextTrip medical tourism offerings,” continued Kerby. “Token IQ also brings valuable technology and software development talent to support the technology integration between our platforms and our partners, as well as further our IP development.\n“Altogether, we believe the integration of these acquisitions will enable us to seamlessly engage consumers across the physical and digital worlds like no other company in the market today. They have been key to our vision of building a dynamic digital ecosystem that reaches consumers, gamers and travelers worldwide for the benefit of digital advertisers and brands.\n“As we begin the second half of fiscal 2022, we are now exceptionally well positioned for growth across our three divisions of interactive digital media, fintech and travel. In addition to the planned Zappware/HotPlay integration, we see near-term revenue growth and margin expansion through anticipated HotPlay deployments and Longroot cryptocurrency offerings, and with this accelerating us toward strong cashflow and profitability.”\nNextPlay’s co-CEO Nithinan ‘Jessie’ Boonyawattanapisut added, “Each of our new divisions are led by highly accomplished and capable management who are experts in their fields, and who have assembled equally capable teams. They are leading growth plans for each of these divisions, which includes many opportunities for cross-leveraging and cross-pollinating their respective technologies, customer bases, and market channels to generate robust returns and increasing shareholder value over the long term.”\nQ2 Fiscal 2022 Financial Summary\nDue to the reverse merger with HotPlay, the year-ago results for the second quarter of fiscal 2021 and at February 28, 2021 incorporate only HotPlay’s financials.\nRevenue for the second quarter of fiscal 2022 totaled $2.6 million, as compared to no revenue in the same year-ago quarter. The improvement was primarily the result of the acquisitions of HotPlay, Zappware (via acquisition of Reinhart TV), and IFEB Bank (now NextBank International).\nThe Digital Interactive Media revenue was primarily due to the contribution of Zappware product deployments, services and service license agreements. The fintech revenue was attributed to interest income and loan fees, as generated by NextBank. The increase in travel revenue was due to travel reservations booked by the company’sNextTripunits.\nConsolidated gross profit totaled $1.4 million or 51.9% of revenue, as compared to none in the year-ago period.\nTotal operating expenses totaled $6.2 million, compared to $422,000 in the same year-ago period. The majority increase was primarily due to one-time acquisition-related expenses, and the consolidation of expenses from business combinations of HotPlay, Reinhart/Zappware, and IFEB.\nNet loss was $9.7 million or $(0.11) per basic and fully diluted share, as compared to a net loss of $411,000 or $(5.06) per basic and fully diluted share in same year-ago period.\nCash and cash equivalents at August 31, 2021 totaled $8.9 million, compared to $445,000 at February 28, 2021.\nThe Company’s Q2, 2022 Financial Report, and other reports the Company files with the SEC, including reports on Forms 10-Q, 10-K and 8-K, can be accessed atsec.govand on NextPlay’s website in theIR section.\nAbout NextPlay Technologies\nNextPlay Technologies, Inc. (Nasdaq: NXTP) is a technology solutions company offering games, in-game advertising, crypto-banking, connected TV and travel booking services to consumers and corporations within a growing worldwide digital ecosystem. NextPlay’s engaging products and services utilize innovative AdTech, Artificial Intelligence and Fintech solutions to leverage the strengths and channels of its existing and acquired technologies. To learn more about NextPlay, visitNextPlayTechnologies.com, and follow us onTwitter@NextPlayTech andLinkedIn.\nImportant Cautions Regarding Forward-Looking Statements and Disclaimers\nThis press release includes “forward-looking statements” within the meaning of, and within the safe harbor provided by the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements give our current expectations, opinions, belief or forecasts of future events and performance. A statement identified by the use of forward-looking words including “will,” “may,” “expects,” “projects,” “anticipates,” “plans,” “believes,” “estimate,” “should,” and certain of the other foregoing statements may be deemed forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this news release.\nFactors that may cause such a difference include risks and uncertainties related to our need for additional capital which may not be available on commercially acceptable terms, if at all, which raises questions about our ability to continue as a going concern; the fact that the COVID-19 pandemic has had, and is expected to continue to have, a significant material adverse impact on the travel industry and our business, operating results and liquidity; amounts owed to us by third parties which may not be paid timely, if at all; certain amounts we owe under outstanding indebtedness which are secured by substantially all of our assets and penalties we may incur in connection therewith; the fact that we have significant indebtedness, which could adversely affect our business and financial condition; uncertainty and illiquidity in credit and capital markets which may impair our ability to obtain credit and financing on acceptable terms and may adversely affect the financial strength of our business partners; the officers and directors of the Company have the ability to exercise significant influence over the Company; stockholders may be diluted significantly through our efforts to obtain financing, satisfy obligations and complete acquisitions through the issuance of additional shares of our common or preferred stock; if we are unable to adapt to changes in technology, our business could be harmed; if we do not adequately protect our intellectual property, our ability to compete could be impaired; our long-term travel business success depends, in part, on our ability to expand our property owner, manager and traveler bases outside of the United States and, as a result, our travel business is susceptible to risks associated with international operations; unfavorable changes in, or interpretations of, government regulations or taxation of the evolving ALR, Internet and e-commerce industries which could harm our operating results; risks associated with the operations of, the business of, and the regulation of, Longroot and NextBank (formerly IFEB ); the market in which we participate being highly competitive, and because of that we may be unable to compete successfully with our current or future competitors; our potential inability to adapt to changes in technology, which could harm our business; the volatility of our stock price; risks associated with the integration of the operations of HotPlay Enterprise Limited, which acquisition we recently competed; the fact that we may be subject to liability for the activities of our property owners and managers, which could harm our reputation and increase our operating costs; and that we have incurred significant losses to date and require additional capital which may not be available on commercially acceptable terms, if at all. More information about the risks and uncertainties faced by the Company are detailed from time to time in the Company’s periodic reports filed with the SEC, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, under the headings “Risk Factors”. These reports are available atwww.sec.gov. Other unknown or unpredictable factors also could have material adverse effects on the Company’s future results and/or could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made only as of the date hereof. The Company takes no obligation to update or correct its own forward-looking statements, except as required by law, or those prepared by third parties that are not paid for by the Company. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.\nNone of the tokens contemplated in this release (collectively, the “Securities) have been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemption provided by Regulation S thereunder. The Securities referenced herein are not for distribution, directly or indirectly, in or into the United States or to any U.S. person as defined in Regulation S. This announcement is not an offer of Securities for sale into the United States. The Securities have not been registered under the Securities Act and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S) unless they are registered under the Securities Act or they are exempt from registration under the Securities Act. Hedging transactions involving these Securities may not be conducted unless in compliance with the Securities Act.","news_type":1},"isVote":1,"tweetType":1,"viewCount":407,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/853213039"}
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