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