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Linius Funded with up to $3 Million Capital Raising
Linius Technologies Limited (ASX:LNU) (‘Linius’ or ‘the Company’) – the only cloud-based solution that unlocks the value of video archives with immersive, deeply personalized viewer experiences via its Linius Media Solutions portfolio – is pleased to announce a capital raising initiative comprising binding commitments of $800,000 under a convertible note facility (Note Facility) and a placement of new fully paid ordinary shares in the Company (Placement) to raise $700,000 for an aggregate raising of up to $1.5 million before costs, in each case in part subject to shareholder approvals.
Highlights:
- Linius Media Solutions now proven with global tier-1 clients across most major sports
- New and existing partnerships with industry leaders Prime Focus, Magnifi, and Avid unlock significant scale
- Technology is scalable across the US$75 billion sports broadcasting market
- As a result the Company has secured $1.5 million in funding (before costs) via an equity placement from professional and sophisticated investors and commitments under a convertible note facility, partly subject to shareholder approvals
- Linius has also entered into a $1.5 million standby equity facility with Eli Capital that provides the Company with full control over the facility and flexibility in strengthening its balance sheet as part of its funding strategy
- Linius initiated cost reductions of nearly $1m annually, following completion of its latest product, Captivate
- Proceeds from the capital raising, combined with new products, partnerships, and a reduced cost base will accelerate Linius’ growth towards cashflow break-even in early FY26
In addition to the Note Facility and Placement, the Company has entered into a standby equity facility with Eli Capital Pty Ltd (Eli Capital) with up to $1.5 million worth of standby equity capital available to the Company at its discretion over the next 18 months (Equity Facility).
The aggregate of this capital raising initiative is $3 million (before costs) subject to shareholder approval, which given the scalable nature of existing Linius solutions provides the Company with significant runway to achieve its objective of cashflow break-even.
Building of deal momentum
Linius has materially penetrated the sports market with long term contracts working with over 100,000 hours of content from 15 different sporting codes (most recently in American Football), 40 different sporting federations, in all three of its target geographies. Linius Media Solutions has gained substantial validation and accelerating momentum from deployments with tier-1 customers including IMG, Cricket Australia, Inverleigh Media, and more. In FY24, the Company entered the US market with deployments for the North American Hockey League and USA Hockey, plus the Lone Star and Peach Belt Conferences in the US college sports market.
New Partners
This validation has led to partnerships with leading industry technology providers. In Q1 FY25, Linius entered into new partnership with Prime Focus Technologies and other global system integrators, in addition to existing partnerships with Magnifi and Avid.
Prime Focus is the world’s largest independent integrated media services company with customers including Walt Disney-owned Star TV, Channel 4, ITV, Warner Bros. Discovery, Paramount, Disney+ Hotstar, BCCI, Amazon, MGM Studios and more. PFT will resell Linius’ AI-powered automated highlights and video personalisation technology to their existing and new sports and broadcast customers.
These industry leaders (Prime Focus, Avid and Magnifi) recognise the innovation and value in the Linius platform and products, leading them to partner with Linius to bring value to their current and future customers and opening significant scale and revenue growth for Linius.
New technology to increase deal size
Linius has also released its new fan engagement product called Captivate, based on its prior successes of creating new revenues for broadcasters & sports federations through the delivery of personalized video experiences. Captivate addresses a much larger potential market opportunity for Linius and its partners – direct engagement by the viewer/fan – unlocking the value of near-live highlights and archive content.
Cost Reductions
With development of Captivate complete and a more scalable go-to-market and deployment model with partners now in place, Linius has recently enacted cost reductions of nearly $1m annually across the business. The Company is confident in its ability to rapidly grow revenue and support new customers within this cost structure.
Significant new funding
As a consequence of this market validation, new products, partnerships, reduced cost base, and tight go-to-market plan, the Company has secured this significant funding package from professional and sophisticated investors who see the long term value of Linius and are supporting the Company with this capital raising initiative.
Proceeds from the capital raising will be used to execute Linius’ go to market plan towards cashflow break-even, accelerate near-term revenue growth through further penetration of the US and global sports market, and scale rapidly through execution of key partnerships including Magnifi and Avid.
Linius Non-Executive Chairman, Gerard Bongiorno, said, “The Linius board and management are delighted with this capital raising initiative as it will allow the company to focus on the execution of its business plan towards cashflow breakeven in early FY26. It will facilitate accelerated revenue from existing opportunities within global sports federations, broadcasters, and rights holders and accelerated growth enabled by our recently announced industry partnerships, with no need for additional costs.
“The structure of these facilities provides the best available outcome for shareholders, providing a long-term runway for the business while minimizing dilution. The company now has access to funding to capitalise on its significant near-term growth opportunities and, importantly, the raise allows management to drive the company towards cashflow breakeven.
“We want to thank our existing and new investors that supported this raise for their commitment and belief in the Linius business and team.”
Click here for the full ASX Release
This article includes content from Linius Technologies, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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Linius Technologies
Investor Insight
For investors eyeing opportunities in the technology sector, Linius Technologies presents a compelling proposition. The company's value is rooted in several key factors: a patented, scalable technology; SaaS business model with predictable revenue streams and high potential for scalability; a growing market opportunity; and strategic industry partnerships.
Overview
In the rapidly evolving world of digital content, one company is making waves by revolutionizing how we interact with video, particularly in the sports industry. Linius Technologies (ASX:LNU), a cutting-edge B2B SaaS provider, is leveraging the power of data, artificial intelligence and machine learning to transform the video content landscape.
Linius stands at the forefront of video content innovation, offering a unique platform that empowers users to search, curate and personalise video content with unprecedented ease and efficiency. By processing Virtualized Video as simply and efficiently as data, Linius has developed a solution that not only enhances user engagement but also opens up new avenues for content monetization.
The company's flagship product, Linius Whizzard, is a testament to their commitment to pushing the boundaries of what's possible in video technology. This platform offers a suite of tools designed to transform static video content into dynamic, interactive experiences that cater to the individual preferences of viewers.
Company Highlights
- Linius Technologies is an Australia-based, cutting-edge B2B SaaS provider leveraging the power of data, AI and machine learning to transform the video content landscape.
- The company’s key technology, the Linius Video Virtualisation EngineTM, underlies their suite of products designed to transform static video content into dynamic, interactive experiences that cater to the individual preferences of viewers.
- The company has strategically focused its efforts on the sports industry, allowed it to establish a strong foothold among major leagues, federations, rights holders and broadcasters.
- Linius is led by a management team with a successful track record in the technology, media and entertainment and financial services industries.
Key Technology: Linius Whizzard
At the heart of Linius' offerings is the Linius Whizzard platform. This innovative solution is designed to unlock the full potential of video content through a range of specialised features:
Whizzard Highlights: Automates the creation of highlight packages, saving time and resources for content creators.
Whizzard Captivate: Enables the creation of personalised video streams, enhancing viewer engagement.
Whizzard Flick: Facilitates the production of ‘snackable’ video formats, catering to the growing demand for short-form content.The versatility of the Whizzard platform extends beyond sports, offering potential applications for broadcasters and media companies across various industries. Its capabilities for video search, curation and publication provide a comprehensive solution for organizations looking to maximise the value of their video assets.
Scoring Big in the Sports Industry
While Linius' solutions have broad applications across various sectors, the company has strategically focused its efforts on the sports industry. This approach has allowed Linius to establish a strong foothold among major leagues, federations, rights holders and broadcasters.
The sports sector presents a unique opportunity for video content optimization. With millions of passionate fans hungry for content, sports organizations are constantly seeking ways to enhance engagement and maximise the value of their video assets. Linius provides the tools to do just that, offering tailored solutions that address the specific needs of sports entities looking to elevate their content strategy.
To illustrate the practical applications of Linius' technology in sports, let's look at a couple of real-world examples:
IMG Partnership: IMG, a global leader in sports, events and media, selected Linius Whizzard to power its IMG Video Archive service. This partnership allows IMG to offer advanced video functionalities to their clients, enabling them to search, edit and distribute video content more efficiently than ever before.
US College Sports Market Entry: Linius has made significant inroads into the US sports market through deals with the Lone Star Conference and the Peach Belt Conference. These agreements demonstrate the scalability of Linius' solutions and mark a critical step in their international expansion strategy.
Management Team
James Brennan - CEO
CEO James Brennan is a dynamic leader with 20 years' experience in developing products and growing enterprise software and SaaS businesses. He has deep expertise in video, unified communications and educational technology with an outstanding track record of unlocking the latent potential of products and businesses. Brennan led transformation and growth at global companies including Integrated Research (ASX:IRI), Kaltura, BlueJeans Network and Polycom. He has a unique blend of sales, marketing, product management, and finance experience and is known for his commitment to building great teams and culture
Gerard Bongiorno - Chairman
Gerard Bongiorno is principal and co-CEO of Sapient Capital Partners, a merchant banking operation, and has over 25 years of professional experience in capital raisings and corporate advisory. Some of Bongiorno’s extensive experience include his roles in Challenger Limited (ASX:CGF), a diversified financial services firm, Village Roadshow and KPMG Corporate Finance, and his ongoing work as CEO of Sapient, raising capital both in Australia and internationally.
John Wallace - Director
US-based John Wallace has over 30 years of experience in tier 1 video and media organisations, across operations and sales, with an extensive understanding and experience in the technology, television and broadcasting industries. He most recently served as president & chief executive officer of Deluxe Entertainment Services, the media & entertainment Industry’s century-old post production and video distribution services company, and is active in the start-up investment community.
Barry McNeil - Director
Barry McNeil has over 25 years of experience in sports management and sports technology. He has led multiple sport-tech companies through rapid growth phases as CEO at Catapult Sports (ASX:CAT) and Prozone, which was acquired by StatsPerform in 2015. Currently, McNeill is founder & CEO at Bloom Sports Partners, a transformational sports advisory firm, helping sports leagues and growth-focused ownership groups find competitive advantage and sustained success.
Robert Scott - Advisory Board Member
A 30-year technology industry veteran and start-up specialist, US-based Robert Scott has an established reputation amongst industry insiders as a competitive turn-around agent, having led seven start-ups, two restarts and one internally incubated venture to successful outcomes. Currently, Scott is CEO of Cygilant, a leader in cybersecurity-as-a-service. He joined the company in 2018 and has since repositioned the company, launched a SOC-as-a-Service centre of excellence in Belfast, and implemented a best-of-breed technology strategy signing partnerships with Exclusive Networks, LogPoint and AT&T Cybersecurity.
David Butorac - Advisory Board Member
Over his 35-year career, Dubai-based David Butorac has worked in senior management and executive roles for some of the world’s leading media companies. His experience includes stints as CEO of multi-channel pay TV platform OSN (the MENA region’s premier pay TV platform), managing director of WIN Corporation, president (platforms) of the Star TV Network, group chief operating officer at Malaysia’s Astro, and head of operations for Sky UK. Butorac was named Media and Marketing Business Leader of the Year at the 2012 and 2015 Gulf Business Industry Awards and TMT Finance CEO of the Year (MENA) in 2015.
David Markus - Advisory Board Member
David Markus is a tech entrepreneur with a passion for innovation and value creation. After a career in IT management in Australia and England, he started an IT services company in Melbourne in 2002 that grew rapidly to be listed multiple times in fast-growth lists while winning awards for customer service. Having sold his company in 2019, his focus now is on helping others to scale. As a graduate of the AICD, he brings an appreciation of governance and customer focus to support the rapid deployment of technology in upscaling sales while delighting customers.
Linius Technologies: Game-changing, Data-driven Personalized Video Content for the Sports and Broadcast Industry
Linius Technologies (ASX:LNU) is a cutting-edge B2B SaaS provider leveraging data, artificial intelligence, and machine learning to transform the video content landscape. Linius Technologies is making waves by revolutionizing how we interact with video, particularly in the sports industry. The company stands at the forefront of video content innovation by offering a unique platform that empowers users to search, curate and personalise video content with unprecedented ease and efficiency. Linius has developed a solution that not only enhances user engagement but also opens up new avenues for content monetization.
Linius Whizzard, the company's flagship product, offers a suite of tools designed to transform static video content into dynamic, interactive experiences that cater to the individual preferences of viewers.
Whizzard Highlights: Automates the creation of highlight packages, saving time and resources for content creators.
Whizzard Captivate: Enables the creation of personalised video streams, enhancing viewer engagement.
Whizzard Flick: Facilitates the production of ‘snackable’ video formats, catering to the growing demand for short-form content.Company Highlights
- Linius Technologies is an Australia-based, cutting-edge B2B SaaS provider leveraging data, AI and machine learning to transform the video content landscape.
- The company’s key technology, the Linius Video Virtualisation EngineTM, underlies their suite of products designed to transform static video content into dynamic, interactive experiences that cater to the individual preferences of viewers.
- The company has strategically focused its efforts on the sports industry, allowed it to establish a strong foothold among major leagues, federations, rights holders and broadcasters.
- Linius is led by a management team with a successful track record in the technology, media and entertainment and financial services industries.
This Linius Technologies profile is part of a paid investor education campaign.*
Click here to connect with Linius Technologies (ASX:LNU) to receive an Investor Presentation
Linius Technologies Limited (ASX: LNU) – Reinstatement to Quotation
Description
The suspension of trading in the securities of Linius Technologies Limited (‘LNU’) will be lifted from the commencement of trading today, 10 September 2024 following the release by LNU of an announcement regarding a capital raising.
Issued by
ASX Compliance
Click here for the full ASX Release
This article includes content from Linius Technologies, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Invitation to Linius Virtual Conference
Linius Technologies Limited (ASX:LNU) (‘Linius’ or ‘the Company’) – the only cloud-based solution that unlocks the value of video archives with immersive, deeply personalized viewer experiences via its Linius Media Solutions portfolio – is pleased to invite shareholders and investors to a virtual conference, hosted by CEO, James Brennan. The presentation will be held at 09:00 (AEST) on Tuesday 10 September 2024.
The Company has continued to drive value for existing customers and execute on its go to market strategy in the sports and broadcast segments. Those attending the conference will be presented with how Linius Media Solutions is positioned to disrupt these markets with the world’s only personalised data-driven video assembly service, attracting interest from significant investors, partners, and customers. Topics will include:
- Linius’ recent capital raising initiative
- Execution of the Company’s go to market strategy including:
- New products
- New partnerships
- New contracts
- Demonstration of new product, Captivate
- Updated organization structure and the path to profitability
There will also be a Q&A session at the end of the presentation, where Linius team members will answer questions submitted by registered conference participants. Investors are invited to submit questions in advance to ir@linius.com.
Event: Linius Technologies - Market Update
Presenting: James Brennan, CEO and Gerard Bongiorno, Chairman
When: Tuesday 10 September 2024 at 09:00 AM AEST
Where: Zoom Webinar, details provided upon registration at the following link https://linius.zoom.us/webinar/register/WN_CD5AT6u9TUyn1QRl7lJTEw
After registering, you will receive a confirmation email containing information about joining the webinar.
A recording of the session will also be made available for those unable to attend.
This announcement has been authorised for release to ASX by the Linius Board of Directors.
Click here for the full ASX Release
This article includes content from Linius Technologies, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Appendix 4E - Preliminary Final Report 30 June 2024
Linius Technologies Limited (ASX:LNU) (Company or Linius) has released its Appendix 4E Preliminary Final Report.
Reporting period
Report for the current period is for the year ended 30 June 2024.
Prior corresponding period information is for the year ended 30 June 2023.
Results for announcement to the market
Dividends
No dividends were paid or declared during the financial period and it is not proposed to pay dividends.
No dividends have previously been declared or paid in prior financial periods and there are no dividend reinvestment plans in place.
Details of entities over which control has been gained during the period
None.
Details of entities over which control has been lost during the period
None.
Click here for the full ASX Release
This article includes content from Linius Technologies, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
How to Invest in Esports
What’s the story behind esports, and why should market participants should consider investing?
Esports — or electronic sports — is competitive gaming. Just like traditional sports, some games are one-on-one, while others are team-based; however, these matches are played using computers or game consoles.
Esports fans can tune into these competitive events via a variety of streaming services such as the game-streaming service Twitch, which has seen a large jump in viewers and streamers since the COVID-19 pandemic. There were 2.44 million average concurrent viewers in May 2023 compared to 1.26 million in May 2019, and 6.82 million streamers in May 2023 compared to 3.93 million in May 2019.
Viewers also turn up in droves to watch live esports programming — prior to the pandemic, major arenas around the world sold out for live esports events, and new purpose-built venues for esports competitions were sprouting up. All these major revenue generators were mostly moved online during the pandemic, but live esports tournaments continue to return in 2023. Meanwhile, the industry is witnessing the dawn of hybrid esports events.
Given this enthusiasm, many investors are looking for ways to get involved in esports. While the space is just opening up, there are already diverse methods to get in. Here’s a look at stocks and exchange-traded funds (ETFs), two of the simplest ways to potentially make money in this exciting market.
How to invest in esports stocks?
The first place to start when investing in esports is with publicly traded stocks. The esports industry already includes large players such as Amazon (NASDAQ:AMZN), which burst onto the gaming scene when it acquired Twitch back in 2014 for US$970 million.
Although a company like Amazon does not offer pure-play esports exposure, it does provide stability. Major companies like this could be a good investment for those who are new to the esports space and are looking for a stable way to get access to the growing world of competitive video games.
Others may prefer investing in esports on a smaller scale, and there are a number of options to check out — for example, online mobile multiplayer video game competition platform Skillz (NYSE:SKLZ) and esports online and live events creator Allied Gaming and Entertainment (NASDAQ:AGAE).
As in any market, earlier-stage esports stocks generally come with increased volatility. But that can also bring the potential for major investment returns for those who get in on the ground floor. It’s up to individual investors to gauge what investment opportunities they are comfortable taking advantage of.
How to invest in esports-related stocks?
While esports stocks are an option for investors, it’s important to remember the scale of the market.
To put the wide reach of the esports gaming industry in context, total prize money claimed by teams competing at tournaments in esports arenas topped US$232 million in 2022.
In 2020, COVID-19 lockdowns impacted live events, so prize money from esports tournaments totaled about half that much, coming in at US$127.5 million. But esports prize money rebounded in 2021 to reach US$251 million.
The top games in terms of prize money awarded in 2022 were: Dota 2, Arena of Valor, PlayerUnknown's Battlegrounds Mobile, Fortnite and Counter-Strike: Global Offensive. 2022’s top esports league team by prize amount was Tundra Esports, a UK-based professional gaming organization that won US$9.08 million in prize money for the year. The majority of that came from the group's Dota 2 team, which took home US$8.52 million when it won the game's largest annual tournament, the International.
The reach of the esports industry is vast, with a wide variety of games, as well as varying computer and console requirements. Essentially, those willing to look beyond the immediate esports industry will see that there are many opportunities for companies that develop and sell products related to gaming.
One example is NVIDIA (NASDAQ:NVDA), which makes computer chips that are considered “the gold standard in gaming.” The multinational company is a behemoth in the gaming tech market, with its gaming vertical generating US$9.07 billion in revenue for the company in 2022 — representing more than one-third of its total revenue for the year.
There’s also hardware to consider, including items like headsets, mice, gaming keyboards and consoles. For that reason, companies like Microsoft (NASDAQ:MSFT) and Logitech International (NASDAQ:LOGI) could also be opportunities for investors to profit from the growing popularity of esports.
Additionally, as the competitive video gaming industry continues to grow and be taken more seriously, sponsorships and esports betting are entering the space more rapidly. In fact, it's been forecast that the esports betting industry will see revenue of US$24.19 billion in 2028 — up from the US$11.2 billion made in 2022. One company operating in this burgeoning space is FansUnite (TSX:FANS,OTCQX:FUNFF), a company that provides white label esports betting platforms.
How to invest in esports ETFs?
Since esports is still somewhat in its infancy, there is only one pure-play esports ETF for investors: the Roundhill BITKRAFT Esports & Digital Entertainment ETF (ARCA:NERD).
Although they're not pure-play esports ETFs, the following funds also offer investors exposure to the esports market: the Video Game Tech ETF (NYSE:GAMR), the VanEck Vectors Video Gaming and Esports ETF (NASDAQ:ESPO) and the Global X Video Games & Esports ETF (NASDAQ:HERO).
This is an updated version of an article first published by the Investing News Network in 2019.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.
4 Australian Esports Stocks
With major esports tournaments getting sponsorships from multinational companies, including Disney (NYSE:DIS), Intel (NASDAQ:INTC) and Coca-Cola (NYSE:KO), the esports market and gaming industry continue to gain traction worldwide.
Esports Earnings notes that prize money worth over US$955 million has been awarded in the esports industry over two decades, based on available public records. The largest prize pool was worth more than US$34.33 million and was won in 2019 by the Dota 2 team OG at The International 8, the top Dota 2 tournament.
This year, Overwatch League has an impressive US$4.21 million in its prize pool. Overwatch League is Activision Blizzard’s (NASDAQ:ATVI) official esports league for its hit first-person shooter game Overwatch, and now its sequel Overwatch 2.
In Australia, a recent report from PwC shows that the country’s interactive games and esports market was worth AU$4.92 billion in 2021, and is expected to grow at a 8.2 percent compound annual growth rate to 2026. The increase is expected to be driven by greater uptake in app-based games and esports.
Below the Investing News Network lists four Australian esports stocks with market caps between AU$10 million and AU$100 million. Market cap and share price data was accurate on TradingView’s stock screener as of October 20, 2022.
This is an updated version of an article first published by the Investing News Network in 2019.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Marlee John, currently hold no direct investment interest in any company mentioned in this article.
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