Download - EBet Limited Half Yearly Report 31 st December 2004 Half Yearly Report 31 st December 2004
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eBet Limited Half Yearly Report 31st December 2004
Half Yearly Report31st December 2004
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eBet Limited Half Yearly Report 31st December 2004
Business ReviewConsolidated loss after tax $681KGroup Revenue of $7.7 millionKey Contributor US Link Start Up Costs $867KGaming Systems profit of $167KOnline business $19KOperating costs reduced by $800K (20%)
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eBet Limited Half Yearly Report 31st December 2004
Revenue31 December
2004$,000
31 December 2003
$,000
Gaming Systems – Sales 5,207 5,526
Gaming Systems – Service, Support & License Fees 2,063 1,398
Professional Services 197 147
Other 47 135
Total Gaming Systems Revenue 7,514 7,206
Sports Acumen 0 338
Online Services 172 757
Sale of Source Code 0 400
Total Online Revenue 172 1,495
Maxi Gaming 0 0
Total Revenue 7,686 8,701
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eBet Limited Half Yearly Report 31st December 2004
Balance Sheet31 December
2004$,000
31 December 2003
$,000
Current Assets 7,524 3,930
Non Current Assets 14,452 16,393
Total Assets 21,976 20,323
Current Liabilities 3,328 7,894
Non Current Liabilities 5,189 3,635
Total Liabilities 8,517 11,529
Net Assets / Equity 13,459 8,794
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eBet Limited Half Yearly Report 31st December 2004
Cashflow31 December
2004$,000
31 December 2003
$,000
Cashflow from operating activities (1,332) 758
Cashflow from investing activities (377) (711)
Cashflow from financing activities 1,408 (573)
Net Increase/(decrease) in cash (301) (526)
Cash at the beginning of the period 2,051 1,340
Cash at the end of the period 1,750 814
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eBet Limited Half Yearly Report 31st December 2004
Gaming Systems Division
Market still difficult- confidence buildingGaming systems & equipment Revenue $5.207 millionDomestic Sales = 84%International Sales = 16%Cost of Goods reduced by 5%
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eBet Limited Half Yearly Report 31st December 2004
Gaming Service, Support & Licenses
To date our leader in Recurring Revenue Model
Strong Growth
Revenues increased by 42% to $2.1 million
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eBet Limited Half Yearly Report 31st December 2004
Professional Services
Specialised Development Work
Sales of Non Core Products- Risk and Compliance Mgr
Contributing new revenue of $197K
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eBet Limited Half Yearly Report 31st December 2004
Maxi Gaming (US Links)
System Preparation, Implementation and Start Up Costs of $867K (expensed)
Sophisticated Wide Area Network
“Go Live” across a Total 76 machines at Pechanga & Soboba
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eBet Limited Half Yearly Report 31st December 2004
Maxi Gaming (US Links)
Early figures indicate significant increase in machine play
Commence expansion operation over the coming weeks
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eBet Limited Half Yearly Report 31st December 2004
Network Operations Centres
Wide Area Progressive
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eBet Limited Half Yearly Report 31st December 2004
# As at 7.00am 21/02/05
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eBet Limited Half Yearly Report 31st December 2004
Jackpot Hits
10 Minor Jackpot Hits = $9,416.65132 Mini Jackpot Hits = $11,767.92
142 Total Jackpot Hits = $21,184.57
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eBet Limited Half Yearly Report 31st December 2004
Significant Developments
Player Account Limits Increased from $200 to $1,000
EPS re-branded and re-launched as Freedom
Netcash suite of products, scaled to suit venue needs and expectations
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eBet Limited Half Yearly Report 31st December 2004
Significant Developments
SAS Protocol compatibility for International Markets
Remote Firmware Download capabilities
Introduction of Risk & Compliance Manager System
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eBet Limited Half Yearly Report 31st December 2004
Subsequent Events
Maxmillion$ Wide Area Link Progressive Jackpot System has commenced operations
Significant Company Milestone
Strengthens the Recurring Revenue Model
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eBet Limited Half Yearly Report 31st December 2004
OutlookDomestic market remains challenging
Increase in product range
Continue our push into the International Markets
Expand Non- Core Products
Maxi Gaming early performance indications provide will meet EBITDA forecasts of $800K (first full year of operation)
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eBet Limited Half Yearly Report 31st December 2004
Thank You
Questions