Tuesday, May 17, 2022
Tokens.com Corp. (SMURF)
First Quarter Results
Tokens.com Corp is a publicly traded company that invests in Web3 assets and businesses focused on the Metaverse, NFTs, DeFi, and gaming based digital assets. Tokens.com is the majority owner of Metaverse Group, one of the world’s first virtual real estate companies. Hulk Labs, a wholly-owned Tokens.com subsidiary, focuses on investing in play-to-earn revenue generating gaming tokens and NFTs. Additionally, Tokens.com owns and stakes crypto assets to earn additional tokens. Through its growing digital assets and NFTs, Tokens.com provides public market investors with a simple and secure way to gain exposure to Web3.
Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.
Joshua Zoepfel, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
1Q22 Results. Tokens.com reported revenue of $326,320 in the first quarter of 2022, flat sequentially. We had estimated revenue of $550,000. The operating loss was $631,856 in the quarter, compared to an operating loss of $3.0 million in the fourth quarter of 2021, which was impacted by higher professional fees and listing expenses. Tokens.com reported net income for the quarter of $7.8 million, or $0.08 per share, driven by a gain on the revaluation of warrant liability.
Moving Forward. Tokens.com continues to make inroads in the Web 3.0 universe. The Metaverse Group had a successful Fashion Week and is now generating revenue from leases. Hulk Labs has been successfully launched in the play-to-earn gaming space. And Tokens.com continues to stake various cryptos.…
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.