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Betmakers Technology Group
(Sydney:BET)
Betmakers Technology Group (BET) vs. iShares MSCI Australia ETF (EWA)
Betmakers Technology Group Business Overview & Revenue Model
Betmakers Technology Group Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 85.23M | 95.20M | 95.03M | 91.68M | 19.46M | 8.58M | Gross Profit |
| 49.02M | 57.40M | -25.37M | 9.84M | -1.60M | 91.59K | EBIT |
| 880.00K | -18.80M | -49.08M | -78.93M | -17.74M | -2.43M | EBITDA |
| -5.68M | -5.21M | -40.96M | -86.06M | -18.14M | -375.00K | Net Income Common Stockholders |
| -42.32M | -38.67M | -38.78M | -89.23M | -17.46M | -2.14M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 20.86M | 29.33M | 41.04M | 87.55M | 120.61M | 31.62M | Total Assets |
| 132.90M | 150.65M | 199.54M | 223.06M | 230.30M | 62.59M | Total Debt |
| 5.68M | 3.15M | 4.71M | 5.22M | 2.49M | 462.94K | Net Debt |
| -15.18M | -26.18M | -36.33M | -82.33M | -118.11M | -31.16M | Total Liabilities |
| 38.30M | 39.10M | 48.95M | 33.77M | 34.89M | 2.19M | Stockholders Equity |
| 94.60M | 111.55M | 150.60M | 189.29M | 195.40M | 60.40M |
| Cash Flow | Free Cash Flow | ||||
| -7.17M | -5.03M | -32.49M | -34.38M | -4.66M | -723.77K | Operating Cash Flow |
| -4.59M | 3.21M | -24.26M | -18.22M | -2.02M | -501.15K | Investing Cash Flow |
| -12.39M | -11.47M | -11.03M | -22.77M | -46.74M | -222.62K | Financing Cash Flow |
| 364.00K | -2.69M | -11.73M | 7.94M | 137.75M | 31.90M |
Betmakers Technology Group Technical Analysis
Betmakers Technology Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$50.60M | 1.26 | 26.04% | ― | 23.66% | 589.13% | |
65 Neutral | $152.39M | 14.99 | 45.08% | 7.43% | -2.89% | -5.33% | |
62 Neutral | $6.80B | 11.04 | 2.79% | 4.42% | 2.67% | -25.07% | |
55 Neutral | $1.65B | ― | -42.74% | 2.78% | 0.73% | -11.04% | |
53 Neutral | $394.75M | ― | -30.20% | 32.77% | ― | ― | |
46 Neutral | $107.52M | ― | -36.49% | ― | -14.46% | -28.07% | |
40 Underperform | AU$297.40M | ― | -99.47% | ― | 76.49% | -75.29% |
Betmakers Technology Group Corporate Events
BetMakers Technology Group Limited has announced a Share Purchase Plan (SPP) aimed at raising $1,000,000, with shares priced at $0.10 each, representing a 9.9% discount to the recent average trading price. The SPP is open to eligible shareholders in Australia and New Zealand, offering investment parcels ranging from $2,500 to $30,000. This initiative is designed to provide shareholders with an opportunity to increase their investment in the company, potentially strengthening BetMakers’ market position and financial stability.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has successfully completed a placement of 115 million fully paid ordinary shares, raising A$11.5 million from sophisticated and institutional investors. The funds will be used to repay debt, fund strategic agreements and acquisitions, and improve financial flexibility. This move is expected to strengthen BetMakers’ financial position and support its strategic growth initiatives, including a potential acquisition in Nevada, enhancing its industry positioning.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
Betmakers Technology Group Ltd announced a new issuance of 115,000,000 fully paid ordinary securities to be quoted on the ASX as of June 12, 2025. This move is part of a previously announced transaction, potentially enhancing the company’s market presence and liquidity, impacting stakeholders by possibly increasing the company’s capital base and financial flexibility.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd has announced a successful institutional placement, raising approximately A$12.5 million to strengthen its balance sheet and fund strategic initiatives, including a potential acquisition of Las Vegas Dissemination Company. This capital raise, supported by both existing and new investors, positions BetMakers to pursue growth opportunities and improve financial flexibility, signaling a positive outlook for its strategic objectives.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd has requested a trading halt on its securities pending an announcement regarding a proposed capital raising. This move indicates the company’s strategic financial planning, potentially impacting its market operations and stakeholders as it seeks to bolster its capital resources.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Limited has released an investor presentation providing a general overview of its activities as of June 2025. The company emphasizes its leadership in racing technology solutions and highlights its strategic focus on maintaining its market position amidst various economic and regulatory challenges. The presentation includes forward-looking statements that outline the company’s future plans and strategies, while also acknowledging the inherent risks and uncertainties in the industry.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd has announced a strategic acquisition of Las Vegas Dissemination Company (LVDC), the only approved supplier of pari-mutuel wagering services in Nevada. This acquisition is expected to generate approximately A$4 million in annualized revenue and enhance BetMakers’ presence in the North American market. The move is aimed at strengthening relationships with major casino operators in Nevada and expanding BetMakers’ product offerings, potentially opening new revenue channels. The acquisition positions BetMakers to modernize horse racing wagering experiences in Las Vegas, leveraging its industry-leading technology and global racing network.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group has announced significant advancements in its Apollo product suite, which have led to a 50% increase in monthly bets and a 35% rise in active users. These enhancements, including a partnership with Sky Racing and the introduction of advanced machine-learning pricing models, have strengthened BetMakers’ market position and reduced operational costs. Additionally, the company reported its best quarterly operating cash-flow result in Q3 FY25, with a positive Adjusted EBITDA and improved gross margins, indicating strong financial health and setting the stage for continued growth in FY26.
The most recent analyst rating on (AU:BET) stock is a Buy with a A$0.20 price target. To see the full list of analyst forecasts on Betmakers Technology Group stock, see the AU:BET Stock Forecast page.
BetMakers Technology Group Ltd has announced the issuance and allotment of 833,333 fully paid ordinary shares without disclosure to investors under the Corporations Act. This move, authorized by the Board and compliant with relevant legal provisions, signifies a strategic step in the company’s financial operations, potentially impacting its market positioning and stakeholder interests.
BetMakers Technology Group Ltd. has announced the release of 35,000,000 fully paid ordinary shares from voluntary escrow, now scheduled for 23 April 2025. This release, authorized by the company’s board, aligns with ASX Listing Rule 3.10A and may influence the company’s stock liquidity and investor engagement.
Betmakers Technology Group Ltd has announced the issuance of 1.6 million unquoted performance rights as part of an employee incentive scheme. This move is designed to motivate and retain talent within the company, potentially impacting its operational efficiency and competitive positioning in the betting technology market.
Betmakers Technology Group Ltd has announced the quotation of 833,333 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of April 14, 2025. This move is part of a previously announced transaction, potentially impacting the company’s market presence and providing stakeholders with increased investment opportunities.
BetMakers Technology Group Ltd has released its quarterly update, highlighting its position as a global market leader in racing technology solutions. The update provides general information about the company’s activities and financial figures, emphasizing the company’s strategic focus and market positioning. However, it includes a disclaimer regarding the unaudited nature of the figures and the presence of forward-looking statements, which are subject to various risks and uncertainties.
BetMakers Technology Group Ltd reported a record quarter for Q3 FY25, showcasing significant improvements in operating cash flow and revenue growth. The company achieved a 3.7% increase in revenue and improved its gross margin to 63.9%, driven by disciplined cost management and the deployment of upgraded technology platforms. BetMakers’ strategic partnerships, including a renewed contract with UK Tote and collaboration with Sportradar, are expected to bolster its market position. The company anticipates continued growth into FY26, leveraging its expanded international network and enhanced technology to capitalize on new opportunities.
Betmakers Technology Group Ltd has announced an update regarding the proposed issue of securities, with a change in the proposed issue date. This update reflects the company’s ongoing efforts to manage its financial operations and align with market expectations, potentially impacting its stakeholders and market positioning.
BetMakers Technology Group Ltd has announced the release of 7,894,738 fully paid ordinary shares from voluntary escrow, effective April 10, 2025. This move, in compliance with ASX Listing Rule 3.10A, could potentially impact the company’s stock liquidity and market dynamics, reflecting the company’s ongoing strategic financial management.