Breakdown | ||||
Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
1.90M | 2.19M | 2.70M | 5.69M | 4.49M | Gross Profit |
1.05M | 1.24M | -296.66K | 1.55M | 1.35M | EBIT |
-1.00M | -2.55M | -1.48M | -3.64M | -7.91M | EBITDA |
-659.23K | -672.60K | 245.19K | -3.00M | -6.41M | Net Income Common Stockholders |
-594.44K | -10.25M | -3.81M | -3.85M | -7.73M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
23.16K | 270.48K | 2.14M | 1.38M | 1.60M | Total Assets |
697.98K | 1.84M | 13.55M | 5.76M | 6.79M | Total Debt |
0.00 | 0.00 | 0.00 | 0.00 | 428.31K | Net Debt |
-23.16K | -270.48K | -2.14M | -1.38M | -1.17M | Total Liabilities |
333.03K | 1.39M | 4.78M | 2.23M | 1.99M | Stockholders Equity |
364.95K | 451.07K | 8.77M | 3.52M | 4.81M |
Cash Flow | Free Cash Flow | |||
-950.49K | -2.94M | -3.34M | -2.18M | -5.45M | Operating Cash Flow |
-950.47K | -2.94M | -2.58M | -2.06M | -5.29M | Investing Cash Flow |
275.14K | -820.25K | -2.49M | 337.03K | -466.70K | Financing Cash Flow |
428.01K | 1.89M | 5.83M | 1.51M | 6.72M |
Gfinity PLC has announced progress in its exclusive license agreement with 0M Technology Solutions Ltd to commercialize the Connected IQ (CIQ) AI technology, targeting the connected video market. The company has begun generating revenue from CIQ and is in discussions with major advertising agencies to expand its services. Additionally, Gfinity has launched Yentra.AI, a new business unit aimed at providing AI consulting and engineering services, which is expected to enhance Gfinity’s capabilities in the AI sector. This strategic move positions Gfinity to capitalize on the growing demand for AI solutions, potentially impacting its market presence and offering significant opportunities for growth.
Spark’s Take on GB:GFIN Stock
According to Spark, TipRanks’ AI Analyst, GB:GFIN is a Neutral.
Gfinity faces substantial financial challenges with negative profitability and cash flow issues. Technical indicators suggest bearish momentum, yet potential for recovery exists. Valuation is unattractive due to negative earnings and lack of dividends. However, recent corporate events, including strategic initiatives and increased insider ownership, provide a positive outlook for future operations. Overall, the stock scores a 44, reflecting the significant risks and some emerging opportunities.
To see Spark’s full report on GB:GFIN stock, click here.
Gfinity PLC has reported its half-year results for the period ending December 31, 2024, highlighting significant cost reductions and a shift towards a freelance-focused business model. Despite a 52% revenue decline, the company achieved profitability in November 2024 due to extensive cost-cutting measures. Gfinity is adapting to challenges in the digital media sector, including changes in Google search reliability and the rise of large language models. The company is focusing on new tools and maintaining its strong user base in the gaming sector. Additionally, Gfinity is expanding into the AI market with its Connected IQ product, targeting the rapidly growing Connected TV advertising sector.
Gfinity PLC has announced that David Halley, a director of the company, has subscribed to 24,000,000 new Ordinary Shares at a price of 0.0625p per share. This transaction increases his stake to 7.61% of the company’s issued share capital. This move signifies a strategic reinforcement of internal confidence in Gfinity’s operations and market positioning, potentially impacting stakeholders by aligning leadership interests with shareholder value.
Gfinity PLC has successfully raised £260,000 through a subscription of new ordinary shares, with a portion being subscribed by director David Halley. The funds raised will support the commercialization of CIQ, new business ventures, and general working capital, while warrants issued as part of the fundraising offer further investment opportunities to shareholders.
Gfinity has signed an exclusive license agreement with 0M Technology Solutions Ltd to commercialize its Connected IQ (CIQ) technology, which is aimed at the connected video market. The company has also raised £245,000 through a subscription with third parties, with additional funding from its CEO, totaling £260,000. This will support the commercialisation of CIQ and other business opportunities. The agreement allows Gfinity to integrate its advertising and media networks with CIQ’s existing relationships with major agencies and platforms. The company has also been granted an option to purchase 0M and CIQ after one year for £2 million. The new funding will be used to develop CIQ and provide working capital, while the issuance of warrants to subscribers offers further investment opportunities.