Gaming Corps AB (GCOR) AI Stock Analysis

• Market Cap: €152.71M
• Dividend Yield: N/A
• Average Volume (3M): 105.87K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.17
• Revenue Growth: 31.74%
• EPS Growth: 21.54%
• Country: SE
• Employees: 25
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.06
• Shares Outstanding: 145,441,530
• 10 Day Avg. Volume: 68,270
• 30 Day Avg. Volume: 105,867
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: ―

Gaming Corps AB faces significant financial and operational challenges, with persistent losses and reliance on external funding. The technical analysis indicates bearish trends, while the valuation is weak due to a negative P/E ratio. These factors suggest a cautious outlook for the stock, with a need for strategic improvements to enhance financial health and market performance.

Gaming Corps AB Business Overview & Revenue Model

Company Description

Gaming Corps AB (GCOR) is a Swedish company operating in the gaming and entertainment industry. The company is engaged in the development and distribution of video games and interactive entertainment products. Its core offerings include casino games and video game titles, which are designed for a wide range of platforms, including mobile devices, PCs, and consoles. Gaming Corps focuses on creating engaging and innovative gaming experiences that cater to diverse audiences.

How the Company Makes Money

Gaming Corps AB generates revenue primarily through the sale and distribution of its video games and casino gaming products. The company earns money by selling its games directly to consumers through digital distribution platforms such as Steam, the Apple App Store, and Google Play Store. Additionally, Gaming Corps generates income from licensing its games to online casino operators, who use these games to enhance their gaming portfolios. The company may also benefit from strategic partnerships and collaborations with other entities in the gaming industry, which can provide additional revenue streams and market reach.

Gaming Corps AB Financial Statement Overview

Summary

Gaming Corps AB demonstrates revenue growth but struggles with profitability and cash flow management. Persistent negative net income and reliance on external funding raise concerns about long-term financial sustainability. Improvements in operational efficiency and cost management are needed.

Income Statement

Gaming Corps AB shows a mixed income statement performance. The company has experienced significant revenue growth from 2019 to 2024, with total revenue increasing from SEK 9.06 million in 2019 to SEK 36.01 million in 2024. However, the company has consistently reported negative net income, with significant losses each year, indicating substantial operational challenges. Gross profit margins have been negative or minimal, and EBIT and EBITDA margins have remained negative, highlighting ongoing profitability issues.

Balance Sheet

The balance sheet of Gaming Corps AB reflects some concerns. The debt-to-equity ratio has fluctuated, with total debt remaining high and stockholders' equity showing instability, even turning negative in 2019. While there is a notable increase in cash and cash equivalents in recent years, this is offset by the high levels of liabilities, suggesting potential leverage risks. The equity ratio has improved but still requires careful management to ensure long-term stability.

Cash Flow

Gaming Corps AB's cash flow statements indicate some positive trends, particularly in financing activities, which have provided substantial cash inflows over the years. However, operating cash flow has consistently been negative, reflecting ongoing operational challenges. Free cash flow has also been negative, limiting the company's ability to self-fund its operations. The reliance on external financing is notable and suggests a need for improved cash flow management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.10M	35.40M	31.12M	12.41M	2.36M	226.11K
Gross Profit	34.01M	1.07M	-1.32M	-25.06M	-22.30M	-17.60M
EBITDA	-27.91M	-23.43M	-20.55M	-22.30M	-20.43M	-16.95M
Net Income	-31.37M	-23.70M	-24.08M	-24.44M	-22.45M	-17.09M
Balance Sheet
Total Assets	33.36M	30.53M	17.56M	21.98M	14.95M	31.65M
Cash, Cash Equivalents and Short-Term Investments	6.87M	11.83M	1.48M	9.59M	288.63K	22.28M
Total Debt	3.75M	4.82M	10.00M	4.00M	6.50M	1.00M
Total Liabilities	16.92M	18.34M	15.88M	8.55M	9.99M	3.95M
Stockholders Equity	16.44M	12.18M	1.68M	13.43M	4.95M	27.70M
Cash Flow
Free Cash Flow	-34.31M	-21.76M	-22.58M	-24.00M	-28.79M	-15.30M
Operating Cash Flow	-29.41M	-21.76M	-22.58M	-23.83M	-22.00M	-14.00M
Investing Cash Flow	-9.40M	-4.50M	0.00	-167.71K	-5.50M	-1.31M
Financing Cash Flow	45.42M	36.61M	14.47M	33.30M	5.50M	37.44M

Gaming Corps AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GCOR, the sentiment is Negative. The current price of 1.05 is below the 20-day moving average (MA) of 1.10, below the 50-day MA of 1.29, and above the 200-day MA of 1.01, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 39.04 is Neutral, neither overbought nor oversold. The STOCH value of 19.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:GCOR.

Gaming Corps AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAGI	60 Neutral	378.87M	2,383.33	0.05%	6.99%	-11.35%	-92.00%
FRAG	51 Neutral	98.73M	-0.67	11034.41%	―	-12.12%	23.81%
GCOR	41 Neutral	€152.71M	―	-541.56%	―	31.74%	21.54%
QIIWI	39 Underperform	24.23M	-4.26	0.00%	―	-38.91%	78.01%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%