B2Digital Reports 126% Q/Q Topline Growth, Projects Current Quarter Acceleration, Major Expansion in Fitness Facility Strategy
Tampa, FL – ( NewMediaWire ) – December 03, 2020 – B2Digital Incorporated (the “Company” or “B2Digital”) (OTCMKTS:BTDG), the premier development league for mixed martial arts (“MMA”), is excited to update shareholders on the Company’s outlook and the accelerating organic and strategic growth underway in its Gym segment, as well as its performance related to this strategy during the three months ended September 30, 2020, and its expectations for related performance during the current quarter ending December 31, 2020, and beyond.
Note that projections and guidance outlined below assume an absence of further regulatory lockdowns related to Covid-19 as well as the widespread distribution of a safe and effective vaccine during 2021.
“Based on the strategy we have in place – and the assumption that we don’t see major new pandemic-related shutdowns that impact the business – we are targeting $4-5 million on the topline over the rolling forward next twelve months,” commented Greg P. Bell, CEO of B2Digital. “This is based on the growth we are seeing now and the continued successful implementation of the company’s roll-up strategy in our Fitness Facility segment, which is the real breadwinner in our broad vision. We are already on pace to more than double the topline on a sequential quarterly basis into year-end.”
During the three months ended September 30, 2020, B2Digital saw a 76% jump in Gym revenues on a sequential quarterly basis. In addition, the Company increased overall revenues across segments totaling topline growth on a sequential quarterly basis during the quarter of 126%. Management also notes that, based on performance thus far and an assumption of no new pandemic-related shutdowns relevant to its current fitness facility operations, it projects a pace to achieve double the top line revenue in Q3 compared to Q2 of this year for the three months ending December 31, 2020.
In addition, the Company plans to continue its roll-up strategy in the fitness facility market over the coming twelve months. The Company’s objective is to acquire one to two new gym facilities every quarter with our goal to increase these acquisitions as the spread of Covid-19 decreases nationally. Thus far, each acquisition the Company makes in the fitness facility space is believed to represent at least $400K per year in rolling forward next twelve-month revenues based on past historical performance.
At this pace, given current metrics and assumptions, including no major return of mandated pandemic-related shutdowns relevant to its current fitness facilities, the Fitness Facility segment could achieve just shy of $4 million in revenues over the rolling forward next twelve months if the company’s acquisition objectives are executed as planned. Paired with a conservative assumption of $75K – $100K in monthly revenues from its live MMA events, encompassing 3 planned fights a month at current revenue achievement rates per fight, the Company believes it has the potential to achieve total revenues of at least $4 to $5 million over the rolling forward twelve months.
“Each acquisition we make in the Fitness Facility space is
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The Yarrow Family YMCA in Westlake Village has opened a nearly 9,000 square foot covered outdoor fitness facility in its back parking lot (31105 East Thousand Oaks Blvd.). The facility opened November 2.
The exercise area contains cardio equipment and weights to provide members an opportunity to workout in a COVID-compliant setting until Los Angeles County officially enters the red tier level and gyms can reopen indoors.
In August, the Yarrow YMCA began offering outdoor group exercise classes. “The classes were well received. We know that the community wants something more, particularly access to cardio and weight-lifting equipment,” says Ronnie Stone, President/CEO of the Southeast Ventura County YMCA. “Since indoor workouts are still uncertain, we made the decision to move the equipment outdoors so we could comply with all health and safety guidelines.”
To allow for cleaning and disinfecting, hours are 6:00 a.m. to 11:00 a.m. and 2:00 p.m. to 5:00 p.m. Mondays through Fridays and 7:00 a.m. to noon on Saturdays. Reservations are required. For more information or to a make reservation, call 818-707-9622.
The Simi Valley Family YMCA was cleared to open its indoor fitness center in early October. The pool and locker rooms remain closed until Ventura County moves to the orange tier.
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