Premier development league for mixed martial arts, B2Digital Incorporated (OTCMKTS:BTDG), on August 5, 2021, confirmed reporting unaudited performance metrics for July 2021, that will have breakout growth in both the Live Event as well as One More Gym segments.
The company confirmed total revenues of $301k during July 2021, from which the Live Event segment contributed $166k. The July revenues were up 692% on a year-over-year basis as compared to the previous year while Gross Margins stood at 65% in July 2021.
Greg P. Bell, CEO of B2 Digital, said that the company is experiencing exponential growth as it is witnessing pay-off of synergies done into a model-driven by simultaneous growth from acquisitions, organic growth as well as brand expansion.
The management opines that the July schedule of Live Events facilitated driving results as the One More Gym segment saw 29% sequential monthly growth. July was a fantastic month for grading the firm’s capacity of scaling up the business.
Bell added that Sponsors are an amazing brand barometer and sponsorship fees are the best form of revenue. The CEO added that July results were brilliant, taking the company ahead of its schedule for the year with robust momentum.
Bell confirmed a number of big deals in the pipeline carrying the potential of driving results in the quarter as well as through year-end.
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