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Alta Global Group
IPOMMA.NYSEPast

Alta Global Group

Fitness Training

Company website ↗
Foundation year: 2013
Employees
15
IPO date
27/03/2024

About

The Australian technology company is focused on developing the global martial arts and combat sports sector, using technology to bridge the gap between enthusiasm and participation.

Headquarters

Level 1, Suite 1, 29-33 The Corso Manly, NSW 2095 Australia

Financial information

Year Ended June 30,  
    2023     2022  
       
Consolidated Income Statement Data:                
Revenue:                
Revenue from Program Fees   $ 937,415     $ 2,050,044  
Less: Contractual payments to gyms     (574,025 )     (1,215,191 )
Net Revenue from Program Fees     363,390       834,853  
Other income     1,173,421       105,950  
Total revenue     1,536,811       940,803  
Expenses:                
Program expenses     229,848       342,600  
Employee salaries and benefits     4,219,655       4,664,013  
Share Based Payments     2,365,384       1,546,983  
Advertising fees     721,713       3,615,399  
Professional fees     864,419       685,870  
Rent     11,793       2,366  
IT costs     633,220       640,403  
Depreciation and amortization     360,021       260,651  
Net foreign exchange gain     (47,359 )     (26,079 )
Finance costs     4,472,730       2,191,803  
Other expenses     1,432,094       965,808  
Fair value movement in derivative liability     6,870,729       (2,751,564 )
                 
Total Expenses     22,134,247       12,138,253  
Loss before income tax expense     (20,597,436 )     (11,197,450 )
Income tax expense     -       -  
Loss after income tax expense for the year     (20,597,436 )     (11,197,450 )
Other comprehensive loss, net of tax     (36,465 )     (31,312 )
Total comprehensive loss for the year attributable to the members of Alta Global Group Limited   $ (20,633,901 )   $ (11,228,762 )
Basic loss per share (1)   $ (4.20 )   $ (2.29 )
Diluted loss per share (1)   $ (4.20 )   $ (2.29 )

Underwriters

ThinkEquity