Investor Relations

The Viggle Platform had an average monthly total reach of 26 million for the three months ended December 2014, including over 7.9 million Viggle registered users.

Financials

v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Jun. 30, 2015
Current assets:    
Cash and cash equivalents $ 732 $ 4,217
Accounts receivable (net of allowance for doubtful accounts of $75 at December 31, 2015 and June 30, 2015) 531 838
Prepaid expenses 1,668 483
Other receivables 185 661
Current assets of discontinued operations 1,977 3,431
Total current assets 5,093 9,630
Restricted cash 440 695
Property & equipment, net 2,066 2,334
Intangible assets, net 6,552 18,683
Goodwill 15,652 30,632
Other assets 1,447 270
Non-current assets of discontinued operations 7,567 7,985
Total assets 38,817 70,229
Current liabilities:    
Accounts payable and accrued expenses 11,728 5,248
Contingent consideration liability 1,716 4,792
Common stock warrant liability 10 10
Deferred revenue 560 593
Current portion of loan payable 4,563 1,575
Current liabilities of discontinued operations 16,130 13,278
Total current liabilities 34,707 25,496
Loans payable, less current portion 19,616 22,516
Deferred revenue 3,604 3,854
Other long-term liabilities 1,593 1,678
Noncurrent liabilities of discontinued operations 564 538
Total liabilities $ 60,084 $ 54,082
Commitments and contingencies
Stockholders' (deficit):    
Common stock, $0.001 par value: authorized 300,000,000 shares, issued and outstanding 33,891,030 and 23,383,125 shares as of December 31, 2015 and June 30, 2015, respectively $ 34 $ 23
Additional paid-in-capital 399,305 383,585
Treasury stock, 215,164 shares at December 31, 2015 and June 30, 2015 (11,916) (11,916)
Accumulated deficit (424,780) (367,360)
Non-controlling interest 3,810 0
Total stockholders' (deficit)/equity (33,547) 4,332
Total liabilities, convertible redeemable preferred stock and stockholders' (deficit)/equity 38,817 70,229
Preferred Class A    
Current liabilities:    
Convertible Redeemable Preferred Stock 0 0
Series C Convertible Preferred Stock    
Current liabilities:    
Convertible Redeemable Preferred Stock 12,280 11,815
Preferred Class B    
Stockholders' (deficit):    
Series B Convertible Preferred Stock, $1,000 stated value, authorized 50,000 shares, issued and outstanding -0- shares as of December 31, 2015 and June 30, 2015 $ 0 $ 0

Source

v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]        
Revenues $ 1,782 $ 1,544 $ 3,255 $ 2,890
Selling, general and administrative expenses (10,025) (14,035) (19,409) (25,018)
Impairment loss (see Note 3) (30,402) 0 (30,402) 0
Operating loss (38,645) (12,491) (46,556) (22,128)
Other (expense) income:        
Other income, net 1   3 5
Interest expense, net (926) (353) (1,783) (480)
Total other expense (925) (353) (1,780) (475)
Net loss before provision for income taxes (39,570) (12,844) (48,336) (22,603)
Income tax expense 0   0 0
Net loss from continuing operations (39,570) (12,844) (48,336) (22,603)
Net loss from discontinued operations (5,124) (9,386) (9,773) (17,230)
Net loss (44,694) (22,230) (58,109) (39,833)
Accretion of Convertible Redeemable Preferred Stock 74 16 148 16
Undeclared Series C Convertible Redeemable Preferred Stock Dividend (306) (37) (613) (37)
Less: Net loss attributable to non-controlling interest 522 0 689 0
Net loss attributable to DraftDay Fantasy Sports, Inc. common stockholders $ (44,404) $ (22,251) $ (57,885) $ (39,854)
Net loss per common share - continuing operations, basic and diluted: (in dollars per share) $ (1.41) $ (0.80) $ (1.86) $ (1.42)
Net loss per common share - discontinued operations, basic and diluted (in dollars per share) (0.18) (0.59) (0.38) (1.08)
Net loss per share attributable to DraftDay Fantasy Sports, Inc. common stockholders - basic and diluted $ (1.60) $ (1.39) $ (2.24) $ (2.51)
Weighted average common shares outstanding - basic and diluted 27,804,073 16,042,627 25,856,755 15,891,841

Source

v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating activities:    
Net loss $ (58,109) $ (39,833)
Adjustments to reconcile net loss to net cash used in operating activities:    
Restricted stock - share based compensation 9,981 12,551
Employee stock options - share based compensation 346 2,798
Share based compensation in connection with Securities Purchase Agreement 0 3,072
Decrease in fair value of common stock warrants 0 (5)
Depreciation and amortization 2,435 3,283
Impairment loss 30,402 0
Accretion of note discount 100 16
Changes in operating assets and liabilities:    
Accounts receivable, net 2,036 464
Other receivables 621 (277)
Prepaid expenses 596 (172)
Restricted cash 255 5,005
Other assets (5) 42
Deferred revenue (283) (535)
Accounts payable and accrued expenses 6,406 2,763
Reward points liability 140 2,059
Other liabilities (59) 63
Other 94 0
Net cash used in operating activities (5,044) (8,706)
Investing activities:    
Acquisitions, net of cash acquired 535 0
Purchase of property and equipment 0 (113)
Capitalized software costs 0 (191)
Net cash provided by (used in) investing activities 535 (304)
Financing activities:    
Proceeds from loans 7,100 21,400
Repayments on loans (3,000) (15,000)
Sale of Class C Convertible Redeemable Preferred Stock 0 3,000
Payments related to contingent consideration (3,076) 0
Purchase of common shares from former officer 0 (270)
Net cash provided by financing activities 1,024 9,130
Net (decrease) increase in cash (3,485) 120
Cash at beginning of period 4,217 7
Cash at end of period 732 127
Supplemental cash flow Information:    
Cash paid during the period for interest 0 201
Non-Cash investing activities:    
Landlord lease incentive build-out allowance 0 449
Common stock and warrants issued for DraftDay acquisition 1,757 0
Common stock and warrants issued for management service contracts $ 3,475 0
Loans converted to common stock   $ 0

Source