Hall of Fame Resort & Entertainment Co (OQ:HOFV)

Sector:  Consumer Cyclicals Industry:  Hotels, Motels & Cruise Lines
 
See Regulatory Filings on SEC
Company Contact
Address: 2626 Fulton Drive NW
CANTON OH 44718
Tel: N/A
Website: https://www.hofreco.com
IR: See website
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Key People
Michael Anthony Crawford
Chairman of the Board, President, Chief Executive Officer
James J. Dolan
Vice Chairman of the Board
Benjamin J. Lee
Chief Financial Officer
Victor S. Gregovits
Executive Vice President - Sales
Anne Graffice
Executive Vice President of Global Marketing and Public Affairs
Lisa Gould
Senior Vice President - Human Resources
Val Mcgee
Senior Vice President - Revenue
Tara Charnes
General Counsel, Secretary
 
Business Overview
Hall of Fame Resort & Entertainment Company is a resort and entertainment company. The Company is the owner of the Hall of Fame Village, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fames campus. Hall of Fame Village consists of the Tom Benson Hall of Fame Stadium, the ForeverLawn Sports Complex, and HOF Village Media Group, LLC (Hall of Fame Village Media). The Tom Benson Hall of Fame Stadium hosts multiple sports and entertainment events, including the NFL Hall of Fame Game, Enshrinement and Concert for Legends. The ForeverLawn Sports Complex hosts camps and tournaments for football players, as well as athletes from across the country in other sports such as lacrosse, rugby and soccer. Hall of Fame Village Media licenses the content controlled by the Pro Football Hall of Fame (PFHOF), as well as new programming assets developed from live events held at the ForeverLawn Sports Complex and the Tom Benson Hall of Fame Stadium.
Financial Overview
For the nine months ended 30 September 2023, Hall of Fame Resort & Entertainment Co revenues increased 39% to $18M. Net loss applicable to common stockholders increased 74% to $49.6M. Revenues reflect Event and other revenues increase of 59% to $10.1M, Hotel revenues increase of 28% to $5.9M, Sponsorships, net of activation costs increase of 2% to $2.1M. Higher net loss reflects Operating expenses - Balancing value increase from $14.1M to $35.6M (expense).
Employees: 114 as of Mar 23, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $280.25M as of Sep 30, 2023
Annual revenue (TTM): $20.52M as of Sep 30, 2023
EBITDA (TTM): -$28.58M as of Sep 30, 2023
Net annual income (TTM): -$68.09M as of Sep 30, 2023
Free cash flow (TTM): -$82.05M as of Sep 30, 2023
Net Debt Last Fiscal Year: $259.95M as of Sep 30, 2023
Shares outstanding: 6,506,987 as of Apr 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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