Emerge Gaming Limited (AU:SP8)
ASX:SP8
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Emerge Gaming Limited
(Sydney:SP8)
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Rating:53Neutral
Price Target:
AU$0.01
▲(20.00% Upside)
Action:ReiteratedDate:04/23/26
The score is held back primarily by persistent operating losses and negative free cash flow despite strong recent revenue growth and improved gross margin. Technicals are broadly neutral with a slight positive bias from trading above key moving averages, and valuation looks inexpensive on P/E, but the weak cash/profitability profile remains the dominant risk.
Positive Factors
Strong revenue scaling & gross-margin improvement
Sharp revenue growth with a material gross-margin lift indicates the company is improving monetization and unit economics. Over 2–6 months this supports a path to operating leverage if revenue growth sustains, reducing the hurdle to reach break-even as fixed costs are spread.
Negative Factors
Persistent negative operating and free cash flow
Ongoing negative OCF and FCF mean the business is not yet self-financing and requires periodic capital to sustain operations. Over a multi-month horizon, continued cash burn increases dilution or refinancing risk and constrains reinvestment into growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue scaling & gross-margin improvement
Sharp revenue growth with a material gross-margin lift indicates the company is improving monetization and unit economics. Over 2–6 months this supports a path to operating leverage if revenue growth sustains, reducing the hurdle to reach break-even as fixed costs are spread.
Read all positive factors
Emerge Gaming Limited (SP8) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$15.84M
Dividend YieldN/A
Average Volume (3M)5.83M
Price to Earnings (P/E)6.4
Beta (1Y)0.85
Revenue Growth201.07%
EPS Growth-69.23%
CountryAU
Employees51
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)0.00
Shares Outstanding1,320,210,700
10 Day Avg. Volume4,493,162
30 Day Avg. Volume5,833,796
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.63
Price to Sales (P/S)1.65
P/FCF Ratio-8.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Emerge Gaming Limited Business Overview & Revenue Model
Company Description
StreamPlay Studio Limited, a service and platform provider, specializes in the mobile game streaming, and music and video content across multiple regions worldwide. It owns and operates ArcadeX, a gaming and esports platform, where subscribers com...
How the Company Makes Money
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Emerge Gaming Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.45M | 1.81M | 1.76M | 671.22K | 251.83K |
| Gross Profit | 1.22M | 138.61K | 436.72K | 75.97K | 80.30K |
| EBITDA | -2.65M | -1.96M | -4.43M | 6.27M | -1.59M |
| Net Income | -1.82M | -1.54M | -3.45M | 6.78M | -1.25M |
Balance Sheet | |||||
| Total Assets | 21.33M | 16.42M | 18.22M | 22.44M | 24.95M |
| Cash, Cash Equivalents and Short-Term Investments | 7.73M | 14.35M | 15.40M | 17.87M | 15.88M |
| Total Debt | 1.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 7.18M | 1.37M | 1.86M | 3.16M | 12.90M |
| Stockholders Equity | 14.15M | 15.05M | 16.36M | 19.28M | 12.05M |
Cash Flow | |||||
| Free Cash Flow | -1.08M | -1.06M | -2.98M | 289.67K | 4.93M |
| Operating Cash Flow | -1.08M | -1.05M | -2.97M | 306.24K | 4.98M |
| Investing Cash Flow | -5.52M | 8.99M | -8.49M | 1.73M | -48.38K |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 8.81M |
Emerge Gaming Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | AU$15.20M | 5.09 | -1.65% | ― | 12.07% | 98.72% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | AU$219.66M | -9.96 | -69.45% | ― | -15.18% | 89.75% | |
53 Neutral | AU$15.84M | 6.35 | -7.56% | ― | 201.07% | -69.23% | |
52 Neutral | AU$131.61M | 3.48 | 2.43% | ― | -24.66% | -206.50% | |
45 Neutral | AU$9.96M | -1.37 | -14.37% | ― | 8.20% | 37.20% |
* Communication Services Sector Average
AU:SP8
Emerge Gaming Limited
0.01
<0.01
20.00%
AU:5GG
Pentanet Ltd
0.02
-0.01
-36.11%
AU:PLY
Playside Studios Ltd
0.29
0.12
75.76%
AU:FTI
Mighty Kingdom Ltd
0.69
0.63
1041.67%
AU:MXO
Motio Limited
0.05
0.02
65.52%
Emerge Gaming Limited Corporate Events
Streamplay Studio Denies Any Undisclosed News Behind Share Trading Spike
Apr 22, 2026
Streamplay Studio Limited has responded to an ASX price and volume query, stating it is not aware of any undisclosed information that could explain the recent trading activity in its securities. The company also confirmed there is no other explana...
Streamplay Studio Issues 100 Million Unlisted Options at $0.015
Apr 21, 2026
Streamplay Studio Limited has announced the issuance of 100,000,000 unlisted options, exercisable at $0.015 each and expiring three years from the date of issue. The options, which are unquoted securities, expand the company’s capital struct...
Streamplay Studio swings to profit on Noodlecake-fuelled revenue surge
Feb 26, 2026
Streamplay Studio Limited reported a sharp turnaround in its half-year results to 31 December 2025, with revenue surging 551% to $8.5 million and net profit after tax reaching $572,000, compared with a loss a year earlier. The performance was unde...
Streamplay Studio Swings to Profit on Noodlecake Boost and Regional Growth
Feb 26, 2026
Streamplay Studio Limited reported a sharp turnaround for the half-year to 31 December 2025, moving to a post-tax profit of $571,621 from a $177,809 loss a year earlier as revenue surged 85% to $8.5 million. The performance was driven primarily by...
Streamplay Studio Delivers Third Straight Cash-Flow Positive Quarter on Winter Burrow Surge
Jan 27, 2026
Streamplay Studio reported its third consecutive cash-flow positive quarter for the three months to 31 December 2025, generating about A$2.06 million in operating cash inflow on cash receipts of roughly A$3.86 million and closing the period with A...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.