Company Quick10K Filing
Recall Studios
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 23 $5
10-Q 2019-11-19 Quarter: 2019-09-30
10-Q 2019-08-14 Quarter: 2019-06-30
10-Q 2019-06-27 Quarter: 2019-03-31
10-K 2019-06-10 Annual: 2018-12-31
10-Q 2018-11-19 Quarter: 2018-09-30
10-Q 2018-08-15 Quarter: 2018-06-30
10-Q 2018-05-21 Quarter: 2018-03-31
10-K 2018-04-17 Annual: 2017-12-31
10-Q 2017-11-21 Quarter: 2017-09-30
10-Q 2017-08-21 Quarter: 2017-06-30
10-Q 2017-05-22 Quarter: 2017-03-31
10-K 2017-04-10 Annual: 2016-12-31
10-Q 2016-12-07 Quarter: 2016-09-30
10-Q 2016-11-23 Quarter: 2016-06-30
10-Q 2016-11-23 Quarter: 2016-03-31
10-K 2016-11-22 Annual: 2015-12-31
10-Q 2015-11-16 Quarter: 2015-09-30
10-Q 2015-08-14 Quarter: 2015-06-30
10-Q 2015-05-15 Quarter: 2015-03-31
10-K 2015-03-31 Annual: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-19 Quarter: 2014-06-30
10-Q 2014-05-20 Quarter: 2014-03-31
10-K 2014-04-16 Annual: 2013-12-31
10-Q 2013-11-19 Quarter: 2013-09-30
10-Q 2013-08-19 Quarter: 2013-06-30
10-Q 2013-05-15 Quarter: 2013-03-31
10-K 2013-04-15 Annual: 2012-12-31
10-Q 2012-11-16 Quarter: 2012-09-30
10-Q 2012-09-26 Quarter: 2012-06-30
8-K 2020-03-26 Regulation FD, Exhibits
8-K 2020-03-19 Enter Agreement, Off-BS Arrangement, Sale of Shares, Amend Bylaw, Exhibits
8-K 2020-02-19 Earnings, Exhibits
8-K 2019-09-30 Other Events, Exhibits
8-K 2019-09-19 M&A, Other Events, Exhibits
8-K 2019-09-06 Amend Bylaw, Exhibits
8-K 2019-08-15 Enter Agreement, M&A, Off-BS Arrangement, Sale of Shares, Exhibits
8-K 2019-08-08 Officers, Exhibits
8-K 2019-07-31 Enter Agreement, Exhibits
8-K 2019-04-08 Amendment, Exhibits
8-K 2019-03-27 Regulation FD, Exhibits
8-K 2019-03-01 Accountant, Regulation FD, Exhibits
8-K 2019-02-28 Regulation FD, Exhibits
8-K 2019-02-01 Officers, Regulation FD, Exhibits
8-K 2019-01-15 Accountant, Exhibits
8-K 2018-11-12 Officers, Regulation FD, Exhibits
8-K 2018-08-08 Enter Agreement, M&A, Sale of Shares, Officers, Leave Agreement, Exhibits
8-K 2018-08-06 Amend Bylaw, Exhibits
8-K 2018-06-14 Other Events, Exhibits
8-K 2018-06-13 Enter Agreement
8-K 2018-05-10 Enter Agreement, Exhibits
8-K 2018-02-01 Officers, Exhibits
8-K 2018-01-15 Enter Agreement, Officers, Exhibits

Recall Studios Financials

BTOP Metrics, Comps, Filings

Annual | Quarterly

Business

Pulse Evolution Group, Inc. (formerly known as Recall Studios, Inc.) was incorporated under the laws of the State of Florida in February 2009 under the name York Entertainment, Inc. On February 28, 2019, the Company's corporate name was changed to Pulse Evolution Group, Inc., in recognition of the global market reputation of its major operating subsidiary, Pulse Evolution Corporation, and its stock symbol was changed to “DGLF” in recognition of the Company's focus on ‘Digital Life'.

Pulse Evolution Group, Inc. is a developer of hyper-realistic digital humans - computer generated assets that can be distributed across the full spectrum of traditional media and emerging display technologies, including live entertainment, virtual reality, augmented reality, mobile, interactive and artificial intelligence applications. The Company's business plan is to generate revenues through the development and deployment of digital human characters, and related software, but also through roll-up acquisitions within the digital human industry. The Company believes it has the opportunity to make strategic acquisitions of technology and revenue-generating companies, to become a dominant global leader in a sizable and lucrative digital human industry that is, thus far, largely unrecognized as an industry.

On August 8, 2018, the Company entered into a share exchange agreement to acquire up to 100% of Evolution AI Corporation (“EAI”), a development stage artificial intelligence company, which included EAI's 58% interest in Pulse Evolution Corporation (“PEC”). PEC is a globally recognized pioneer in the development of hyper-realistic digital humans for live shows, virtual reality, augmented reality, holographic, 3D stereoscopic, web, mobile, interactive and artificial intelligence applications. PEC's principals are most popularly known for producing some of the most visually stunning digital humans in the history of entertainment, including the Academy Award lead character in The Curious Case of Benjamin Button (2008), the digital alter-ego of Jeff Bridges in Tron: Legacy (2010), the holographic performance of ‘Virtual Tupac Shakur' at the Coachella Valley Music Festival (2012), and ‘Virtual Michael Jackson' at the Billboard Music Awards (2014). Currently, we indirectly own a majority of the issued and outstanding common stock of PEC through EAI. Pursuant to the terms of the closing agreement, the Company became a 99.7% owner of EAI. The Company accounted for the transaction as a business combination using the acquisition method of accounting based on ASC 805 — Business Combinations, which requires recognition and measurement of all identifiable assets acquired and liabilities assumed at their fair value as of the date control is obtained. The Company determined that it was the accounting acquirer under ASC 805. This determination was primarily based on existing management of the Company retaining 4 of the 5 seats on the Board, the provisions of the voting rights agreement entered between the Company and the principal founder of EAI, and the operating management continuing in key roles following the business combination.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Wall Street Media (WSCO) 5,654 0% 242.1 260% 9 104 140 0 23 23 5,645
Exco Resources (XCO) 5,638 0% 0.6 -18% 1,032,693 2,059,189 303,562 0 -182,697 -90,270 -56,952
Imine (JRVS) 5,585 -4.0 -72,547% 2 590 0 0 -1,527 -1,527 6,083
AgriTek Holdings (AGTK) 5,274 -1.1 -647% 1,411 8,631 0 0 -9,129 -6,760 7,144
THt Heat Transfer Technology (THTI) 5,522 80% 0.1 8% 108,600 49,264 32,700 26,064 9,031 10,780 1,517
Laredo Oil (LRDC) 5,451 1% -29.9 -42% 493 2,279 8,504 113 -205 -171 5,130
Interlink Plus (ITRK) 5,580 0% -169.0 -786% 6 250 44 0 -50 -33 5,576
Aura Systems (AUSI) 13,851 86% -4.3 -1,414% 396 22,398 350 299 -5,602 -4,429 19,240
Recall Studios (BTOP) 6,189 10% 0.6 -3% 373,159 138,621 5,834 612 -13,013 1,417 817
Gridiron Bionutrients (GMVP) 5,411 -63% -32.3 -66% 256 224 79 -50 -170 -168 5,422
Flux Power Holdings (FLUX) 5,360 7% -0.4 -153% 9,009 15,541 9,401 653 -13,827 -13,827 5,197
Ocean Thermal Energy (CPWR) 5,371 -14.4 -9,953% 16 18,829 0 0 -1,616 -849 12,206
Vicon Industries (VII) 5,344 40% -2.3 -36% 12,428 12,454 21,238 8,559 -4,426 -3,951 8,944
Burzynski Research Institute (BZYR) 5,258 0% 46 229 0 0 0 0 5,257
Apex 2 (APEX) 5,204 -109.3 -241% 20 230 0 0 -47 -47 5,184
Timberline Resources (TLRS) 5,122 -3.2 -9% 15,551 1,069 0 0 -1,433 -1,580 5,008
Amarc Resources (AXREF) 5,118 0% 799 1,342 0 0 0 0 4,945
US Rare Earth Minerals (USMN) 5,118 -4.4 -3,599% 33 1,214 0 0 -1,196 -1,169 5,085
Tauriga Sciences (TAUG) 3,947 20% -1.9 -347% 659 432 216 43 -2,286 -2,110 3,917
uSell.com (USEL) 5,104 2% -0.1 -121% 11,276 10,072 74,171 1,568 -13,622 -10,652 1,124

Balance Sheet ($'000)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash3136160481017731
Accounts Receivable110110
Inventory
PP&E532028
Assets30347654931311586286,101
Accounts Payable17232,475
Long-Term Debt239
Liabilities2474085205,52914,1813,18553,551
Stockholders' Equity5698115-5,215-14,066-3,099232,550
Income Statement ($'000)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue01,197790964208410
Cost of Revenue9906317921138
Gross Profit2071591729533
R&D1610
SG&A1627126247945216,746
Tax0000000
Net Income-141-680-2,620-7,609-10,13610,474-13,092
Cash Flow ($'000)2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating-104-131-463-915-579-413-3,153
Cash Investing-1-206-51-250180-60
Cash Financing534705391,0534526183,107