The following management's discussion and analysis of financial condition and results of operations should be read in conjunction with the unaudited condensed consolidated financial statements, related notes, and other financial information appearing elsewhere in this Quarterly Report on Form 10-Q and the consolidated financial statements and related notes included in our 2021 Form 10-K.
Forward-Looking Statements
This section and other parts of this Quarterly Report on Form 10-Q contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current expectations and views of future events based on certain assumptions, and include any statement that does not directly relate to a historical fact. For example, statements in this Quarterly Report on Form 10-Q may include the potential impact of the expected timing of government approvals or opening of new regulated markets for online gaming, our financial guidance and expectations or targets for our operations, anticipated revenue growth or operating synergies related to our acquisition of Coolbet, and expectations about our ability to effectively execute our business strategy and expansion goals. These forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "should," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," or other similar expressions.
Although we believe that we have a reasonable basis for each forward-looking statement, forward-looking statements are not guarantees of future performance and our actual results could differ significantly from the results discussed or implied in these forward-looking statements. Factors that might cause such differences are described in "Item 1A. Risk Factors" in our 2021 Form 10-K and in this Quarterly Report on Form 10-Q.
All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. These forward-looking statements speak only as of the date on which they are made. We do not assume any obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Overview
The B2B segment develops, markets and sells instances of and GameSTACK
technology and iSight Back Office that incorporates comprehensive player
registration, account funding and back-office accounting and management tools
that enable casino operators to efficiently, confidently and effectively extend
their online presence. In 2021, we won three prestigious industry awards from
29
Beginning
To meet this demand and serve our growing number of
Our net loss was
We believe that our current technology is highly scalable and can support the launch of our product offerings for new customers and in new jurisdictions. We expect to achieve profitability through increased revenues from:
? organic growth of our existing casino operators,
? expansion into newly regulated jurisdictions with existing and new customers,
? margin expansion driven by the integration of Coolbet's sports betting
technology in our B2B product offerings,
? strategically reducing our existing worldwide global workforce to simplify and
streamline our organization and strengthen the overall competitiveness of our
B2B segment,
? revenue expansion from the roll-out of our Super RGS content offering to B2C
operators who are not already clients, and
? organic growth of our B2C business in existing and new jurisdictions.
We hold a strategic
30 Recent Developments
On
Critical Accounting Policies and Estimates
For a discussion of our critical accounting policies and the means by which we develop estimates, refer to "Item 7. Management's Discussion and Analysis of Financial Conditions and Results of Operations" on our 2021 Annual Report on Form 10-K. There have been no material changes during the periods covered by this Quarterly Report on Form 10-Q from the critical policies described in our Form 10-K.
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