Rivalry Corp. Delays Annual Filings Amid Strategic Review

Rivalry Corp ( (TSE:RVLY) ) has shared an announcement.

Rivalry Corp. has announced a delay in filing its audited financial statements and management’s discussion and analysis for the year ended December 31, 2024. The company has applied for a management cease trade order from the Ontario Securities Commission to restrict its management from trading in its securities until the filings are completed. This delay is attributed to the company’s focus on a strategic review aimed at maximizing long-term stakeholder value. Rivalry expects to complete both the strategic review and the annual filings by June 30, 2025, and will issue bi-weekly updates until the filings are submitted.

Spark’s Take on TSE:RVLY Stock

According to Spark, TipRanks’ AI Analyst, TSE:RVLY is a Underperform.

Rivalry Corp’s stock score is primarily impacted by its weak financial health, characterized by persistent losses and high leverage. While there are positive strategic efforts in terms of product development and crypto market expansion, they are overshadowed by current financial instability and valuation challenges. Technical indicators further suggest cautious optimism without strong upward momentum, and recent corporate initiatives highlight potential future growth areas.

To see Spark’s full report on TSE:RVLY stock, click here.

More about Rivalry Corp

Rivalry Corp. is a leading sportsbook and iGaming operator focused on digital-first players. The company operates within the esports and sports betting industry, which is heavily regulated and involves online gaming and gambling services.

YTD Price Performance: -75.00%

Average Trading Volume: 13,949

Technical Sentiment Signal: Buy

Current Market Cap: C$4.47M

For detailed information about RVLY stock, go to TipRanks’ Stock Analysis page.