TIDMSTK
RNS Number : 4724E
Streaks Gaming PLC
30 June 2023
Press Release
30 June 2023
Streaks Gaming PLC
('Streaks'" or 'The Company')
Annual results
Streaks Gaming PLC (LSE: STK) , a UK-based provider of AI
focused conversational gaming "Streaks Gaming", announces its
audited results for the 12 months ended 28 February 2023 .
Comments from Michael Edwards, Non-Executive Chairman of Streaks
:
The Company had a successful IPO and commenced trading on the
Standard Segment of the London Stock Exchange on 5 January 2023
with a placing of 100m shares at a price of 3p.
The Company has built and launched a global conversational
gaming platform, called Streaks Gaming using powerful Natural
Language Processing (NLP) text generators like GPT-4. This core
platform has been successfully deployed in the conversational
gaming space for sports like the NFL and the NBA. The platform has
already attracted advertising partners like Fan Duel, BetMGM,
DraftKings and PointsBet.
The Company is excited to announce that it has leveraged its
considerable technical know-how in the AI space and is launching a
Social AI platform for influencers in Q3 called Streaks Social. The
Streaks Social AI Platform will allow influencers to better connect
and monetise their existing fans through the automatic creation of
an AI Avatar. This AI Avatar is fully customizable and uses both
voice and text driven prompts with video prompts coming in the
near-term development pipeline. [The interactions between the AI
Avatar and the fans will be personalised via NLP, providing each
fan with a unique experience. Over time, this personalisation will
deepen.
Influencers will be able to monetise their fans through Streaks
credits and fans will be able to take advantage of loyalty points
and "Streaks" by using the core AI Conversational platform.
Through its extensive engagement with fans on the existing AI
driven gaming platform, the Streaks team has recognized the
potential and power of conversational AI. and how powerful it is to
provide an AI that genuinely embodies a unique persona. Streaks is
a full-stack AI company, involved in every aspect from training the
language models to constructing the user interface. This empowers
Streaks to create personalized experiences that have allowed for
the development of the Streaks Social Platform.
About Streaks:
Streaks Gaming PLC is a provider of AI based conversational
technologies. The Company offers two core products in the gaming
and conversational AI space.
For more information on the Conversational Gaming AI product,
please visit www. playstreaks.com.
For more information on the Conversational AI product, please
visit www.streaks.ai .
The Directors of Streaks accept responsibility for this
announcement.
This announcement may contain "forward-looking" statements and
information relating to the Company. These statements are based on
the beliefs of Company management, as well as assumptions made by
and information currently available to Company management. The
Company does not undertake to update forward -- looking statements
or forward -- looking information, except as required by law.
The information contained within this announcement is deemed by
the Company to constitute inside information stipulated under the
Market Abuse Regulation (EU) No. 596/2014, as retained as part of
the law of England and Wales. Upon the publication of this
announcement via the Regulatory Information Service, this inside
information is now considered to be in the public domain.
For further information please contact:
Streaks Gaming PLC
Mike Edwards via First Sentinel (Corporate Advisor)
Executive Chairman +44 203 989 2222
---------------------------------------
Corporate Brokers
---------------------------------------
Peter Krens (Tennyson Securities) +44 207 186 9030
Brian Stockbridge (First Sentinel) +44 203 989 2200
---------------------------------------
Statement of Profit or Loss and Other Comprehensive Income
For the year ended 28 February 2023
Year ended Year ended
28 February 28 February
2023 2022
GBP'000 GBP'000
------------------------------------------ ----------------- ------------
Continuing Operations
------------------------------------------ ----------------- ------------
Revenue - -
Cost of sales - -
------------------------------------------ ----------------- ------------
Gross profit - -
Administrative expenses (3,351) (600)
Depreciation & amortization - -
------------------------------------------ ----------------- ------------
Operating loss (3,351) (600)
------------------------------------------- ----------------- ------------
Finance income - -
Finance costs - -
------------------------------------------ ----------------- ------------
Loss before taxation (3,351) (600)
------------------------------------------- ----------------- ------------
Taxation - -
------------------------------------------ ----------------- ------------
Loss after taxation (3,351) (600)
------------------------------------------- ----------------- ------------
Other comprehensive income - -
------------------------------------------ ----------------- ------------
Total comprehensive loss for
the year attributable to shareholders
from continuing (3,351) (600)
operations
------------------------------------------ ----------------- ------------
Basic and diluted earnings
per share - pence (1.24) (1.21)
------------------------------------------- ----------------- ------------
The notes contained in the Company's Annual Report form part of
these financial statements.
Statement of Financial Position
For the year ended 28 February 2023
As at As at
28 F e b r u 28 F e b r
a r y 2023 u a r y 2022
GBP'000 GBP'000
-------------------------------- ------------- -------------
NON-CURRENT ASSETS
Property, plant and equipment - -
Intangible assets 63 63
Other receivables - -
-------------------------------- ------------- -------------
TOTAL NON-CURRENT ASSETS 63 63
--------------------------------- ------------- -------------
CURRENT ASSETS
Trade and other receivables 196 52
Cash and cash equivalents 2,070 45
--------------------------------- ------------- -------------
TOTAL CURRENT ASSETS 2,267 97
--------------------------------- ------------- -------------
TOTAL ASSETS 2,329 160
--------------------------------- ------------- -------------
EQUITY
Share capital 378 154
Share premium 4,880 449
Share based payment reserve 704 25
Retained earnings (3,951) (600)
--------------------------------- ------------- -------------
TOTAL EQUITY 2,011 28
--------------------------------- ------------- -------------
NON-CURRENT LIABILITIES
Provisions - -
Lease liability - -
-------------------------------- ------------- -------------
TOTAL NON-CURRENT LIABILITIES - -
-------------------------------- ------------- -------------
CURRENT LIABILITIES
Trade and other payables 318 132
Deferred revenue - -
Lease liability - -
-------------------------------- ------------- -------------
TOTAL CURRENT LIABILITIES 318 132
--------------------------------- ------------- -------------
TOTAL LIABILITIES 318 132
--------------------------------- ------------- -------------
TOTAL EQUITY AND LIABILITIES 2,329 160
--------------------------------- ------------- -------------
The notes contained in the Company's Annual Report form part of
these financial statements.
The financial statements were approved by the Board of Directors
on 29 June 2023 and were signed on its behalf by:
Nicholas Lyth
Director
The financial information set out in this announcement does not
constitute statutory accounts. This financial information has been
extracted from the audited full accounts of the Company for the
year ended 28 February 2023. The Company does not declare a
dividend for the period.
The full Annual Report of the Company will be available on the
Company's website: playstreaks.com.
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END
ACSNKCBNNBKBFAB
(END) Dow Jones Newswires
June 30, 2023 02:03 ET (06:03 GMT)
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