Intelligent Investor

BlueBet Holdings Ltd (ASX: BBT) - Financials

- Current share price for BBT : $0.240

Bluebet Holdings Ltd (BBT) is an international online wagering provider and bookmaker listed on the Australian Stock Exchange, with operations in Australia and the United States. BlueBet is powered by a proprietary cloudbased technology platform which is highly scalable and enables BlueBet to scale rapidly, as well as offering the platform as a white-labelled technology solution for B2B partners. BlueBet's customer-facing websites and native apps have been developed using a mobile-first strategy, delivering a premium mobile user experience.

BBT Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E
Relative P/E Shareholder Return
2023 $0.27 -7.1 ¢ -9.4 ¢ 0 ¢ 0% $0.14 0 0% -64%
2022 $0.27 -0.5 ¢ -3 ¢ 0 ¢ 0% $0.23 0 0% 0%
2020 0 ¢ 0 ¢ 0 ¢ 0% $0.24 0 0% 0%

BBT Capital Structure

Total Debt Interest Long Term Debt Percent Debt Preferred Stock Share Equity Percent Equity
$1,010.00 $517.00 $565.00 2% $0.00 $28,852 98%
Note: All dollars in thousands ('000) for the table above

BBT Historical Financials

2023 2022 2020
Revenue ($M) 54 54.6
Operating Margin (%) -34.8 -10.4
Depreciation ($M) -0.6 -0.4
Amortisation ($M) -2
Net Profit Before Abs ($M) -18.8 -6.1
Net Profit After Abs ($M) -18.8 -6.1
Income Tax Rate (%) 12.7 3.7
Net Profit Margin (%) -34.9 -11.1
Employees ($T)
Long Term Debt ($M) 0.6 0.8 0.1
Shareholders Equity ($M) 28.9 45.4 48.1
Return on Capital (%) -63 -13
Return on Equity (%) -65.3 -13.4
Payout Ratio (%)

BBT Cashflow

2023 2022 2020
Customer Receipts ($M) 142 127
Net Operating Cashflow ($M) -14.22 -0.97
Net Investing Cashflow ($M) -11 -7
Net Financing Cashflow ($M) -1

BBT Market & Earnings

2023 2022 2020
Market Cap ($M) 36 100
Net Gearing (%) -75.2 -101.4 -111.2
Net Interest Cover (%) 1,961.7 49.5
Dividend Yield (%)
NTA Per Share ($) 0.02 0.2 0.24
EBITDA ($M) -18.81 -5.67
EBIT ($M) -21.58 -6.43
EBT Before Abs ($M) -21.57 -6.3

BBT Balance Sheet

2023 2022 2020
Cash ($M) 22.7 47.3 53.7
Debtors ($M) 0.22 0.11
Other Debtors ($M) 0.14 0.52
Prepayments ($M) 0.45 0.72
Inventories ($M)
Current Investments ($M)
Other Current Assets ($M) 0.2 1.08 0.05
Total Current Assets ($M) 23.7 49.7 53.8
Receivables ($M) 0.48 0.09
Inventories ($M)
Property, Plant & Equipment ($M) 2.58 2.8 0.29
Accumulated Depreciation ($M) -1.14 -0.96
Intangibles ex. Goodwill ($M) 24.67 5.82 0.02
Goodwill ($M)
Future Income Tax Benefit ($M) 3.91 0.75 1.01
Non-Current Investments ($M) 0.84
Other Non-Current Assets ($M) 0.05
Total Non-Current Assets ($M) 31.39 8.51 1.32
Total Assets ($M) 55.1 58.2 55.1
Accounts Payable ($M) 10.04 6.67 3.07
Provisions ($M) 1.2 0.92 1.39
Short Term Debt ($M) 0.45 0.49 0.08
Other Current Liabilities ($M) 4.45 3.61 2.22
Total Current Liabilities ($M) 16.14 11.69 6.77
Creditors ($M) 9.43
Long Term Debt ($M) 0.56 0.79 0.13
Provisions ($M) 0.11 0.36 0.06
Other Non-Current Liabilities ($M)
Total Non-Current Liabilities ($M) 10.1 1.16 0.19
Total Liabilities ($M) 26.24 12.85 6.96
Share Capital ($M) 47.8 47.8 47.8
Reserves ex. Share Premium ($M) 5.68 3.36 5.28
Share Premium Reserve ($M)
Retained Profits ($M) -24.63 -5.8 -4.97
Other Shareholders Equity ($M)
Convertible Equity ($M)
Outside Equity Interest ($M)
Total Shareholders Equity ($M) 28.9 45.4 48.1

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