Reel Analytics uses AI-powered player tracking technology that unlocks athleticism data from a video. The objective athleticism data powers proprietary In-Game Athleticism (IGA) scores, helping coaches evaluate players more accurately. Along with the data, short-form video content with Reel Analytics’ graphics is an output of its technology. The data and video content can be used by media and sports betting companies to drive fan engagement. It can also be used by fantasy football players and bettors to gain deeper insights into the players and the game.
The company has developed great proprietary technology. Reel Analytics is a sports technology and data company that offers video-based player tracking technology, used by, but not limited to National Football League scouts, NCAA football scouts, athletes, and agents. The Company's patent-pending AI-powered player tracking technology unlocks athleticism data from game film to produce objective player evaluations and projections. The tracking technology has an accuracy of +/-2% of the NFL’s NextGen Stats. Currently, it covers football only.
The global sports analytics market is estimated at $2.45B in 2023 and is expected to grow to $8.1B by 2027. There are 1.3 million football players and teams giving the company a big dataset. Its competitive landscape includes wearable device companies relying on RFID and GPS technology to track players. It has a significant cost advantage against such companies since it can avoid hardware expenses associated with developing, manufacturing, and maintaining wearable devices and is easier to scale.
Reel Analytics' business model consists of two verticals; performance analysis for teams and athletes, and fan engagement for sports media companies. Teams and athletes can access its athleticism data via annual subscription plans while fans can access its athleticism data on their favorite sports site.
The users of the technology are sports coaches and team player recruits/evaluators who need such analysis to enhance accuracy for projecting players to the next level. The reel analytics athleticism data has been referenced by USA Today, PFF, Bleacher Report, The Sporting News, and ESPN. For the year ended December 31, 2022, the company recorded revenue of $23,748 while the cost of goods sold was $46,620. The traction for the product looks good.