Company Posts Equally Impressive Improvement in Operating Margin
NEW YORK -- (Business Wire)
Alliance
MMA, Inc. ("Alliance MMA" or the "Company") (NASDAQ:AMMA), a
professional mixed martial arts (MMA) company that brings together the
best regional productions to build the next generation of MMA champions,
today announced financial results for the second quarter ended June 30,
2017.
“Our strong second quarter operating results reflect impressive gains in
each of the most important key performance indicators for an enterprise
at our stage of development,” said Paul Danner, Chief Executive Officer
of Alliance MMA. “We are especially pleased with our 48% increase in
revenue over the previous quarter, based in part on the incremental
contribution of our most recent acquisitions. Most importantly, we
believe that this clear trend in improving revenue puts us on track to
achieve a cash-flow positive position in the not too distant future. As
previously reported, now that we’re operating in eleven regional MMA
promotions, we are well on our way towards creating a persistent
presence in the top 20 domestic media markets. Moreover, we are
continuing to make positive strides in achieving our stated objective of
producing at least 125 professional MMA events per year, which in turn
will facilitate attracting national brand sponsorships, and securing a
more robust broadcast video distribution presence.”
John Price, Chief Financial Officer, added, “During the second quarter,
the collective contribution of our regional MMA events, solid execution
by our electronic ticketing platform CageTix.com, and strong performance
by our fighter management firm SuckerPunch Entertainment, resulted in a
43% operating margin, a 14% increase over the first quarter of this
year. The positive trend of these key financial performance metrics,
which we expect to continue going forward, coupled with the recent cash
infusion from our capital raise of approximately $1,500,000 to support
our ongoing acquisition program, is highly encouraging as we proceed in
executing our business plan in a methodical, expeditious manner.”
To date, Alliance MMA has built a family of regional MMA promotions in
eleven separate geographical markets: New Jersey-based Cage Fury
Fighting Championships (CFFC), Washington-based Combat Games MMA
(COGA), Indiana-based Hoosier Fight Club (HFC), Tennessee-based V3Fights
(V3), Maryland-based Shogun Fights, Ohio-based Iron Tiger Fight Series
(IT Fight Series), Florida-based Fight Time Promotions, Georgia-based
National Fighting Championship (NFC), and Los Angeles-based Roy
Englebrecht Promotions (Fight Club OC), as well as a San Diego-based
promotion under the guidance of MMA luminary Eric Del Fierro, and
a Tampa-based promotion under the direction of veteran promoter John
Prisco.
Please see our Form 10-K for the year ended December 31, 2016 and our
Form 10-Q for the three months ended March 31, 2017, which can be found
at http://ir.alliancemma.com,
for more information concerning our financial condition and performance
during such periods.
About Alliance MMA, Inc.
Alliance MMA (NASDAQ:AMMA) is a professional mixed martial arts (MMA)
company that brings together the best regional productions. Alliance
MMA's mission is to identify and cultivate the next generation of
fighters and champions for the Ultimate Fighting Championship (UFC) and
other premier MMA promotions.
With some of the world’s leading MMA promotions under the Alliance MMA
umbrella, the organization aims eventually to host in excess of 125
events per year, showcasing more than 1,000 fighters. Alliance MMA is
also dedicated to generating live original sports media content,
attracting an international fan base, and securing major brand
sponsorship revenue for live MMA events, digital media, and Alliance MMA
fighters.
MMA is the world’s fastest growing sport with worldwide fans of
approximately 300 million according to sports marketing research firm
Repucom. MMA is a full contact sport that allows a wide range of
fighting techniques, including striking and grappling from various
martial arts and disciplines including Boxing, Wrestling, Brazilian Jiu
Jitsu, Karate and Muay Thai. Professional MMA fights are legal and
regulated by state athletic commissions in all 50 states.
Alliance MMA, Inc. was incorporated in 2015 for the purpose of acquiring
businesses that engage in the promotion of mixed martial arts (MMA)
events. In 2016, the company completed an initial public offering that
culminated in a listing on the NASDAQ stock exchange. Alliance MMA is
the only mixed martial arts promotion company that is publicly-traded.
For more information visit, www.alliancemma.com
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the federal securities laws. These statements relate to
anticipated future events, future results of operations or future
financial performance. In some cases, you can identify forward-looking
statements by terminology such as “may,” “might,” “will,” “should,”
“intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,”
“believes,” “estimates,” “predicts,” “potential,” or “continue” or the
negative of these terms or other comparable terminology. Actual results
may differ materially from historical results or those indicated by
these forward-looking statements as a result of a variety of factors
including, but not limited to, those discussed under the heading “Risk
Factors” in our registration statement on Form S-1 (Registration No.
333-213166) declared effective by the Securities and Exchange Commission
on September 2, 2016. Alliance MMA encourages you to review other
factors that may affect its future results in Alliance MMA’s
registration statement and in its other filings with the Securities and
Exchange Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170814005994/en/
Contacts:
For Alliance MMA, Inc.
PR:
Matthew Cassidy, 484-340-2871
mcassidy33@gmail.com
or
IR:
James
Platek, 212-739-7825
jplatek@alliancemma.com
Source: Alliance MMA, Inc.
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