FaZe Holdings Inc.

FAZEW

FAZEWFaZe Holdings Inc. US flag

NASDAQ Capital Market

0.01

USD

- -

14.12MMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y
Sales/Revenue/Turnover	31	38	53	70
+ Sales & Services Revenue	31	38	53	70
- Cost of Revenue	25	29	44	55
+ Cost of Goods & Services	25	29	44	55
Gross Profit	6	9	9	15
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	33	33	40	63
+ Selling, General & Admin	33	33	40	63
+ Research & Development	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -
Operating Income (Loss)	-27	-24	-31	-48
- Non-Operating (Income) Loss	6	5	5	121
+ Interest Expense, Net	6	4	5	4
+ Interest Expense	6	4	5	4
- Interest Income	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	1	- -	116
Pretax Income	-33	-29	-37	-169
- Income Tax Expense (Benefit)	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	-33	-29	-37	-169
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -
Income (Loss) Incl. MI	-33	-29	-37	-169
- Minority Interest	- -	- -	- -	- -
Net Income, GAAP	-33	-29	-37	-169
- Preferred Dividends	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-33	-29	-37	-169
EBIT	-27	-24	-31	-48
EBITDA	-27	-23	-30	-44
EBITDA Margin (%)	-86.37	-61.49	-57.58	-63.44
EBITA	-27	-24	-31	-48
Gross Margin (%)	19.46	23.8	16.98	21.63
Operating Margin (%)	-86.84	-63.43	-59.51	-67.98
Profit Margin (%)	-107.8	-75.31	-69.75	-240.69
Sales per Employee	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -
Depreciation Expense	- -	1	1	3
Basic Weighted Avg Shares	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y
Total Current Assets	21	9	34	59
+ Cash, Cash Equivalents & STI	12	4	17	37
+ Cash & Cash Equivalents	12	4	17	37
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	5	4	10	15
+ Accounts Receivable, Net	3	2	6	9
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	2	1	4	6
+ Inventories	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -
+ Other ST Assets	4	1	7	7
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	1	1	3	9
+ Property, Plant & Equip, Net	- -	1	1	7
+ Property, Plant & Equip	- -	1	2	8
- Accumulated Depreciation	- -	- -	1	2
+ LT Investments & Receivables	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	1	1	2	2
+ Total Intangible Assets	1	- -	1	1
+ Goodwill	- -	- -	- -	- -
+ Other Intangible Assets	1	- -	1	1
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	1	1
Total Assets	22	11	37	67
+ Payables & Accruals	9	14	28	14
+ Accounts Payable	5	4	- -	- -
+ Accrued Taxes	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	4	10	28	14
+ ST Debt	- -	3	3	1
+ ST Borrowings	- -	3	3	- -
+ ST Finance Leases	- -	- -	- -	1
+ Other ST Liabilities	- -	1	8	3
+ Deferred Revenue	- -	1	8	3
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -
Total Current Liabilities	10	18	39	19
+ LT Debt	23	31	71	1
+ LT Borrowings	23	31	71	- -
+ LT Finance Leases	- -	- -	- -	1
+ Other LT Liabilities	34	34	34	- -
+ Accrued Liabilities	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	34	34	34	- -
Total Noncurrent Liabilities	57	65	105	1
Total Liabilities	66	83	144	20
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Share Capital & APIC	3	3	5	328
+ Common Stock	- -	- -	- -	- -
+ Additional Paid in Capital	3	3	5	328
- Treasury Stock	- -	- -	- -	- -
+ Retained Earnings	-47	-76	-112	-281
+ Other Equity	- -	- -	- -	- -
Equity Before Minority Interest	-44	-72	-107	47
+ Minority/Non Controlling Interest	- -	- -	- -	- -
Total Equity	-44	-72	-107	47
Total Liabilities & Equity	22	11	37	67
Shares Outstanding	70	70	- -	72
Number of Employees	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	3
Net Debt	11	29	57	-37
Net Debt to Equity	-25.18	-40.66	-53.29	-79.59
Tangible Common Equity Ratio	-205.92	-722.64	-296.36	69.14
Current Ratio	2.24	0.51	0.86	3.03
Cash Conversion Cycle	- -	-33.39	11.42	38.57

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y
+ Net Income	-33	-29	-37	-169
+ Depreciation & Amortization	- -	1	1	3
+ Non-Cash Items	13	4	7	131
+ Stock-Based Compensation	3	- -	2	10
+ Deferred Income Taxes	- -	- -	- -	- -
+ Asset Impairment Charge	4	- -	- -	2
+ Other Non-Cash Adj	7	4	5	119
+ Chg in Non-Cash Work Cap	2	7	4	-20
+ (Inc) Dec in Accts Receiv	-3	1	-7	-5
+ (Inc) Dec in Inventories	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	10
+ Inc (Dec) in Accts Payable	5	5	5	-19
+ Inc (Dec) in Other	- -	1	7	-6
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	-18	-17	-25	-54
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	-2	-5
+ Acq of Fixed Prod Assets	- -	-1	-1	-4
+ Acq of Intangible Assets	-1	- -	-1	-1
+ Cash (Repurchase) of Equity	- -	- -	- -	100
+ Increase in Capital Stock	- -	- -	- -	100
+ Decrease in Capital Stock	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	-1	-1	-2	-5
+ Dividends Paid	- -	- -	- -	- -
+ Net Cash From Debt	26	10	40	-1
+ Cash From Debt	36	36	41	20
+ Repayments of Debt	-10	-26	- -	-21
+ Other Financing Activities	3	- -	- -	-20
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	30	10	40	79
Effect of Foreign Exchange Rates	- -	- -	- -	- -
Net Changes in Cash	11	-8	13	20
EBITDA	-27	-23	-30	-44
EBITDA Margin (%)	-86.37	-61.49	-57.58	-63.44
Free Cash Flow	-19	-18	-27	-59
Net Cash Paid for Acquisitions	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-7	14	-60
Free Cash Flow per Basic Share	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -
Cash Flow to Net Income	0.55	0.59	0.68	0.32
Capital Expenditures	-1	-1	-2	-5