Courtside Group Inc (PODC) AI Stock Analysis

• Market Cap: $37.84M
• Dividend Yield: N/A
• Average Volume (3M): 35.19K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.23
• Revenue Growth: 22.98%
• EPS Growth: 69.10%
• Country: US
• Employees: 40
• Sector: Communication Services
• Sector Strength: 74
• Industry: Internet Content & Information
• EPS (TTM): -0.24
• Shares Outstanding: 24,896,526
• 10 Day Avg. Volume: 42,763
• 30 Day Avg. Volume: 35,191
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 1.13
• Price to Cash Flow (P/CF): -14.10
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $4.50
• Price Target Upside: 196.05% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Courtside Group Inc's stock score reflects moderate strengths and weaknesses. The company exhibits revenue growth and a strong balance sheet with no debt, but is hindered by profitability and cash flow challenges. Technical indicators suggest slight bearish momentum. Recent strategic appointments and growth plans positively influence the outlook, but the current valuation remains unattractive due to ongoing losses.

Courtside Group Inc Business Overview & Revenue Model

Company Description

PodcastOne, Inc. operates as a podcast platform and publisher. The company offers its content to audiences through podcasting distribution platforms, including its website, Apple Podcasts, Spotify, Amazon Music, and others. It also produces vodcasts, branded podcasts, merchandise, and live events. In addition, the company builds, owns, and operates LaunchPadOne, a self-publishing podcast platform. The company was formerly known as Courtside Group, Inc. and changed its name to PodcastOne, Inc. in September 2023. PodcastOne, Inc. was founded in 2013 and is based in Beverly Hills, California. PodcastOne, Inc. is a subsidiary of LiveOne, Inc.

How the Company Makes Money

Courtside Group Inc makes money through multiple revenue streams centered around its podcasting operations. The primary source of income is advertising revenue, generated by selling ad slots within their podcasts to brands and businesses looking to reach specific audiences. Additionally, the company may engage in partnerships with other media companies to co-produce content or distribute podcasts, which can also contribute to revenue. Another potential revenue stream includes subscription models or exclusive content offerings, providing listeners with premium content for a fee. Overall, the company's earnings are driven by its ability to attract a diverse listener base and effectively monetize its content through advertising and strategic partnerships.

Courtside Group Inc Financial Statement Overview

Summary

Courtside Group Inc shows revenue growth but struggles with profitability and cash flow. The balance sheet is strong with no debt, but continued net losses and negative free cash flow indicate operational inefficiencies.

Income Statement

Courtside Group Inc has experienced moderate revenue growth with a TTM revenue increase of 14.84% compared to the previous fiscal year. However, the company is struggling with profitability, as indicated by negative net income and EBIT margins. The gross profit margin in the TTM period is 7.61%, down from 13.8% the previous year, showing a decline in operational efficiency.

Balance Sheet

The company's balance sheet shows a strong equity position with a debt-to-equity ratio of 0, indicating no reliance on debt financing. The equity ratio has improved to 72.75% in the TTM period from 67.74% in the previous year, demonstrating a stable financial structure. However, the return on equity remains negative due to ongoing net losses.

Cash Flow

The cash flow statement indicates challenges in generating positive cash flow, with a negative free cash flow in the TTM period. The free cash flow to net income ratio is negative, and operating cash flow has turned negative compared to the previous year's positive performance, reflecting difficulties in sustaining cash flow from operations.

Breakdown
TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
49.73M	43.30M	34.65M	32.35M	23.84M
	Gross Profit
3.78M	5.98M	7.07M	6.08M	5.56M
	EBIT
-5.78M	-5.01M	-1.83M	-4.70M	-3.24M
	EBITDA
-4.51M	-11.28M	-1.97M	-2.96M	-2.65M
	Net Income Common Stockholders
-5.67M	-14.73M	-6.97M	-3.60M	-3.26M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
572.00K	1.45M	3.56M	1.10M	3.37M
	Total Assets
20.63M	24.13M	28.23M	23.93M	25.33M
	Total Debt
0.00	0.00	7.16M	0.00	1.10M
	Net Debt
-572.00K	-1.45M	3.59M	-1.10M	-2.28M
	Total Liabilities
5.62M	7.78M	21.11M	10.84M	11.16M
	Stockholders Equity
15.01M	16.34M	7.12M	13.09M	14.16M
Cash Flow		Free Cash Flow
-833.00K	883.00K	-4.92M	-2.27M	-238.00K
	Operating Cash Flow
-293.00K	2.21M	-4.70M	-1.99M	-150.00K
	Investing Cash Flow
-540.00K	-1.33M	-219.00K	-283.00K	1.20M
	Financing Cash Flow
0.00	-3.00M	7.38M	0.00	1.07M

Courtside Group Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PODC, the sentiment is Negative. The current price of 1.52 is below the 20-day moving average (MA) of 1.65, below the 50-day MA of 1.87, and below the 200-day MA of 1.75, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 44.97 is Neutral, neither overbought nor oversold. The STOCH value of 44.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PODC.

Courtside Group Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPOT	75 Outperform	$101.05B	82.37	28.91%	―	18.36%	―
AAPL	74 Outperform	$2.83T	29.95	136.52%	0.53%	2.61%	-2.14%
AMZN	73 Outperform	$1.81T	30.97	24.29%	―	10.99%	91.61%
Sector *	58 Neutral	$25.04B	3.12	-9.31%	4.26%	2.35%	-43.03%
PODC	55 Neutral	$37.84M	―	-36.00%	―	22.98%	69.10%
SIRI	49 Neutral	$6.61B	―	-37.33%	5.49%	-2.84%	-249.80%
CMLS	39 Underperform	$19.29M	―	-193.00%	―	-2.07%	-138.25%

Courtside Group Inc Corporate Events

Courtside Group Inc Appoints New CFO Ryan Carhart

On February 19, 2025, PodcastOne appointed Ryan Carhart as the new Chief Financial Officer, Treasurer, and Secretary, succeeding Aaron Sullivan. Carhart, who has extensive financial experience, will also serve in the same roles for LiveOne, the parent company. His promotion is part of a strategic move to enhance financial operations, with Carhart implementing measures expected to save over $23 million in costs and securing a new loan agreement with East West Bank. This transition is anticipated to strengthen the company’s financial positioning and support its growth and profitability goals.

PodcastOne Unveils Strategic Growth Plans to Investors

PodcastOne, Inc. announced its intention to present its Corporate Presentation to the investment community, highlighting its strategic growth plans and market position. The company aims to leverage its differentiated platform to attract advertisers and content creators, while focusing on expanding its audience and revenue streams. The announcement underscores PodcastOne’s commitment to maintaining its leadership in the podcasting industry through strategic acquisitions and technology integration, despite the inherent risks and uncertainties associated with its growth strategy.

Courtside Group Inc Reports Q3 2025 Revenue Growth

On February 5, 2025, PodcastOne reported its financial results for Q3 Fiscal 2025, revealing a 22% revenue increase to $12.7 million compared to the previous year. The company has expanded its content slate and audience reach through a strategic partnership with Amazon’s ART19, enhancing operational efficiencies and monetization capabilities. As part of its growth strategy, PodcastOne continues to build strong relationships with advertisers and content creators while reaffirming its guidance for Fiscal 2025 revenues to reach at least $51.0 million, expecting positive Adjusted EBITDA.

PodcastOne Achieves Top Ranking and Strategic Partnership

PodcastOne recently announced its recognition as the 8th largest U.S. podcast publisher by Podtrac for December 2024 and the renewal of flagship podcasts with notable figures like Adam Carolla. The company has expanded its programming to 194 shows and surpassed 3.8 billion network downloads. Additionally, PodcastOne has formed a strategic partnership with Amazon’s ART19, which is expected to drive operational efficiencies and secure new revenue opportunities. This development highlights PodcastOne’s strong financial profile and growth trajectory, aiming for a $100 million revenue target within the next two to four years.