It may not be a great amount of growth compared to last quarter - but really theres a number of ways you can look at the receipts from customers and i think that there has really been a great deal of progress.
Receipts from Customers
Sep 2019 $13,000
Dec 2019 $11,000
Mar 2020 $26,000
Jun 2020 $61,000
Total 2019/20 $111,000
Sep 2020 $66,000
Dec 2020 ?
Mar 2021 ?
June 2021 ?
Growth in Receipts from customers for quarter in comparison to this time last year is 407.69%
Growth in Receipts from customers for September 2020 quarter compared to 2019 Half year Receipts from Customers is 175%.
Cash Receipts from customers for September 2020 Quarter was $66,000 compared to $50,000 for the first 9 months last year being a difference of 32%.
And this is only what was received in one quarter - if receipts for each quarter from here were to keep the same - then that would mean total receipts from customers of $264,000 which would be a 137.80% growth in receipts for the year.
The above is keeping in mind that:
A. Cameron Adams joined the board on the 19th of November 2019 (more than 1/2 way through they year, funny where income started to rise).
B. Kate Vale and Michael Rubenelli joined the team on the 3rd and 6th of August respectively (meaning they have had small input on growth so far)
C. Buriam United only launched their Hub on the 1st of September and this seems to be one of the most popular hubs for players that mogul has had yet.
D. Further exposure to be had from the Eilat Esports world Championships, giving an international stage for mogul to be shown upon.
E. The mobile App and the titled "New way to Play" haven't been announced yet.
F. The partnership with Super League Gaming was only announced this quarter currrently - the key exciting thing i see from this partnership is it gives us some sort developing footprint in the US Market (which would be huge).
G. all of this - without, what others have mentioned going to be the major part of the business model for revenue, being advertising.
So yes - maybe the numbers above do only show that Mogul was only able to grow its receipts from customers by 8% for the quarter.
But when you look at the whole picture and the potential of what is to come - it's hard not to be excited about where it all could go.
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