The Company Has Recently Demonstrated Strong Revenue Growth After Completing the Soft Launch of its
- Swarmio has appointed Mr.
Jonathan Visva as its CFO, replacing previous CFO Mr.Kyle Appleby , who had been supporting Swarmio on a part-time basis.Mr. Appleby will continue to support Swarmio as an Advisor. - The Company is anticipating a high-growth phase and believes it is necessary to appoint a full-time CFO to support this growth.
- Swarmio has now completed the soft launch of its Ember gaming and esports platform across
Tunisia ,the Philippines and theUnited Arab Emirates via its telco partners, and expects revenues generated from these partnerships to increase as they progress in 2023. - The Company has also successfully integrated alternative payment channels including direct carrier billing and digital e-wallets, allowing gamers to pay for in-game digital content without a credit card and ushering in the next phase of growth, during which new and recurring revenues are expected to increase.
"The appointment of a full-time CFO is an important development for Swarmio as we seek to continue accelerating revenue growth in fiscal 2023," commented
Swarmio deploys its Ember gaming and esports platform to gamers through partnerships with telecommunications companies, who offer the Ember product to their customers as an add-on service. Subscribers to the Ember platform enjoy an ultra-low-latency playing experience, access to exclusive competitive challenges and tournaments, unique gaming content, managed communities, gamification and points system, online store, and gamer e-wallet.
During fiscal 2022 Swarmio announced it had signed revenue share agreements with Telekom Malaysia, Globe Telecom (
Revenues generated from subscriptions and profit from transactions carried out within the Ember platform through its integrated ecommerce and fintech solutions are subject to revenue share agreements between Swarmio and its telco and game publisher partners.
Swarmio's fully managed, plug-and-play Ember platform can be quickly and seamlessly integrated with major telco operations, allowing telcos to engage and monetize gaming subscribers and gain immediate and meaningful access to the
Ember provides a proprietary digital hub for gaming communities, allowing gamers to access an ultra-low-latency playing experience, competitive challenges and tournaments, exclusive gaming content, managed communities, gamification and points system, online store (
Ember also enables game publishers and developers to reach, engage and monetize the 2 billion gamers in
To learn more, visit any of Swarmio's Ember partner sites:
Globe Telecom (
Ooredoo (
Etisalat (
SLTmobitel (
To learn more about
Swarmio Investor Website (https://ir.swarmio.media)
Swarmio on LinkedIn (https://www.linkedin.com/company/swarmiomedia)
Swarmio on
Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation: statements about the Company's growth, the Company's ability to capitalize on the major global opportunity in the gaming and esports market, anticipated benefits to the Company's partners and their customers from using the Company's products, ongoing discussions with potential new customers or partners and the possibility that such discussions may result in additional contracts or revenue for the Company, the Company's future plans, its goals and expectations, including but not limited to, the Company's continuing ability to enter into agreements to deploy its products with international telecommunications companies and game publishers and its ability to monetize these agreements through generating SaaS-based revenues are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the risks identified in the Companies long-form prospectus dated
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