Apple iSports Group, Inc. SEC 10-Q Report — TradingView News

Apple iSports Group, Inc., a company operating primarily in the digital sports betting and gaming industry, has released its Form 10-Q report for the first quarter ended March 31, 2025. The report provides a comprehensive overview of the company’s financial performance and key business activities, reflecting its strategic initiatives and future outlook in the competitive sports entertainment market.

Financial Highlights

• Net Revenues: $0 million. The company reported no revenues for the quarters ended March 31, 2025, and 2024.
• Total Operating Expenses: $3.20 million. Operating expenses increased by 338% compared to the prior year, primarily due to stock-based compensation expenses.
• Loss from Operations: $(3.20) million. The company experienced a significant increase in operating loss due to higher operating expenses.
• Net Loss: $(3.19) million. The net loss increased significantly from the previous year, primarily due to increased operating expenses.
• Net Loss Per Share – Basic and Diluted: $(0.01). The net loss per share reflects the increased net loss for the quarter.

Business Highlights

• Geographical Performance: Apple iSports Group, Inc. operates primarily in the U.S. and Australia. The company is licensed in Australia via a provisional Northern Territory Online Bookmaking License and in North Dakota as an ADW provider, allowing for racing, sports betting, and fantasy sports in these regions.
• New Product Launches: The company is developing a digital sports betting and gaming platform that will provide users with sports content, racing and sports betting, fantasy sports, and sport streaming solutions. This platform aims to enhance sports fandom by offering access via multiple devices, including web and mobile.
• Future Outlook: Apple iSports plans to expand its market access licenses for sports betting in the U.S. over a three-year timeline. The company is also focused on enhancing and expanding infrastructure to support next-generation media consumption, which includes seamless streaming and interactive experiences for fans.
• Operational Milestones: Since the inception of AiS, the company has established a core team with industry skills and experience, received significant private placement funding, and developed a Go to Market outline and marketing strategy. The company has also initiated relationships with key suppliers and consultants.
• Strategic Business Acquisitions: Apple iSports is at the forefront of the convergence between technology, media, and entertainment, aiming to address critical infrastructure and connectivity gaps in the digital landscape. This includes investments in broadband, cellular, and satellite networks to support high-speed content access.
• Brand Awareness Activities: In May 2023, the company began brand awareness activities by advertising on SEN Radio, the largest sports radio network in Australia. However, as of March 2025, the contract was suspended until the company moves closer to going live.

SEC Filing: Apple iSports Group, Inc. [ AAPI ] – 10-Q – May. 20, 2025