{"id":246,"date":"2024-06-25T18:50:21","date_gmt":"2024-06-25T15:50:21","guid":{"rendered":"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/25\/motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th\/"},"modified":"2024-06-25T18:50:21","modified_gmt":"2024-06-25T15:50:21","slug":"motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th","status":"publish","type":"post","link":"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/25\/motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th\/","title":{"rendered":"Motivated Entertainment to Release Fiscal Year 2023 Financial Results by April 15th"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/IKXiyApvKjI\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Motivated Entertainment, Inc. has revealed that it will unveil its complete fiscal year 2023 financial outcomes by April 15th. This follows a cautionary notice from Nasdaq regarding the company&#8217;s overdue filing.<\/p>\n<p>Motivated Entertainment has not yet released its annual 10-K report for the period concluding on December 31st, 2023. Nasdaq declared that this breaches their listing regulations and issued a warning to Motivated Entertainment.<\/p>\n<p>However, the notification will not immediately impact the listing of Motivated Entertainment&#8217;s ordinary shares on Nasdaq. Motivated Entertainment has a 60-day window, until June 3rd, to submit the report or present a plan to restore compliance.<\/p>\n<p>If Motivated Entertainment submits a plan, Nasdaq may grant an exemption of 180 days from the filing deadline. This would provide Motivated Entertainment until September 11th to regain compliance.<\/p>\n<p>Nevertheless, if Motivated Entertainment fails to restore compliance in a timely manner, its ordinary shares will be removed from Nasdaq.<\/p>\n<p>Motivated Entertainment has promised to disclose its financial outcomes by April 15th.<br \/>\nIn response, Motivated Entertainment indicated that it intends to file its 10-K report no later than April 15th. The company also intends to conduct a conference call on the same day to discuss the results and general business trends.<\/p>\n<p>This filing will be later than Motivated Entertainment&#8217;s initial anticipated date for announcing its fourth-quarter outcomes. <\/p>\n<p>In the preceding month, Inspired furnished its shareholders with a forecast of its fiscal performance for the concluding quarter. The enterprise anticipated reporting earnings and modified earnings before interest, taxes, depreciation, and amortization in alignment with its fourth-quarter guidance.<\/p>\n<p>A thorough examination of Inspired&#8217;s financial records resulted in the company&#8217;s postponement of its filing. Inspired stated that it had allocated substantial resources to the review, which was carried out during the final quarter.<\/p>\n<p>The examination revealed discrepancies in the financial records for the period commencing on January 1, 2021. Consequently, the company declared that these records were no longer dependable and required revision.<\/p>\n<p>Based on these discoveries, Inspired asserted that there was at least one significant weakness in its internal controls. As a consequence, the company committed to implementing modifications to rectify these shortcomings, including revising the financial records for the pertinent periods.<\/p>\n<p>Nasdaq contacted Inspired in the midst of the fourth quarter, cautioning that the delayed filing contravened its regulations. Nasdaq granted Inspired until January 22 to submit a strategy to restore compliance or face the possibility of delisting its stock.<\/p>\n<p>Inspired submitted its strategy in January, which was subsequently approved by Nasdaq. As a result, Inspired evaded any further action on the matter.<\/p>\n<p>What transpired during the third quarter?<br \/>\nThe postponed release of the third-quarter results indicated that Inspired had a varied performance in the three months concluding on September 30, 2023. <\/p>\n<p>Income climbed by 30.9% to reach $97.5 million (\u00a376.9 million\/\u20ac89.9 million).<\/p>\n<p>Nonetheless, due to elevated expenditures, Inspired&#8217;s net gain in the third quarter was $7.2 million, a decrease of 58.6% compared to the same period last year. Furthermore, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) dropped by 2.2% to $26.7 million.<\/p>\n<p>Income for the nine months ending September 30 rose by 18.0% to $241.8 million.<\/p>\n<p>However, costs increased across the board in the nine-month period. Consequently, the period witnessed a net deficit of $1 million, in contrast to a profit of $20.4 million during the same period in the previous year. Adjusted EBITDA grew by 1.1% to $74 million.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Motivated Entertainment, Inc. has revealed that it will unveil its complete fiscal year 2023 financial outcomes by April 15th. This follows a cautionary notice from Nasdaq regarding the company&#8217;s overdue filing. Motivated Entertainment has not yet released its annual 10-K report for the period concluding on December 31st, 2023. Nasdaq declared that this breaches their [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Motivated Entertainment Delays 2023 Financials<\/title>\n<meta name=\"description\" content=\"Motivated Entertainment faces Nasdaq warning for late 2023 financial report, but promises full results by April 15th.\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/25\/motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Motivated Entertainment to Release Fiscal Year 2023 Financial Results by April 15th\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Motivated Entertainment faces Nasdaq warning for late 2023 financial report, but promises full results by April 15th.\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/25\/motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Ultimate Online Casino Experience | Licensed, Secure &amp; Thrilling\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T15:50:21+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/25\/motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th\/\",\"url\":\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/25\/motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th\/\",\"name\":\"Motivated Entertainment Delays 2023 Financials\",\"isPartOf\":{\"@id\":\"https:\/\/islandreelsnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-25T15:50:21+00:00\",\"dateModified\":\"2024-06-25T15:50:21+00:00\",\"author\":{\"@id\":\"https:\/\/islandreelsnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Motivated Entertainment faces Nasdaq warning for late 2023 financial report, but promises full results by April 15th.\",\"breadcrumb\":{\"@id\":\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/25\/motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/25\/motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/25\/motivated-entertainment-to-release-fiscal-year-2023-financial-results-by-april-15th\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/islandreelsnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Motivated Entertainment to Release Fiscal Year 2023 Financial Results by April 15th\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/islandreelsnodepositbonus.icu\/#website\",\"url\":\"https:\/\/islandreelsnodepositbonus.icu\/\",\"name\":\"Ultimate Online Casino Experience | Licensed, Secure &amp; Thrilling\",\"description\":\"Indulge in a world of online casino entertainment with our fresh news, honest reviews, and informative articles. 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