Gaming Corps AB (SE:GCOR)
:GCOR
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Gaming Corps AB
(GCOR)
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Rating:42Neutral
Price Target:
kr0.78
▼(-32.35% Downside)
Action:Reiterated
Date:05/21/26
The score is primarily weighed down by weak financial performance: persistent heavy losses, ongoing negative free cash flow, and negative equity that increases financing risk. Technicals are also unfavorable with the stock below major moving averages and negative MACD, while valuation offers limited support due to losses (negative P/E) and no dividend yield provided.
Positive Factors
Focused iGaming content model
A focused content-development model targeting iGaming operators is structurally durable: once titles are developed they can be distributed to many operators via aggregators, enabling scalable revenue streams from licensing/revenue-share and low marginal cost per additional distribution.
Negative Factors
Persistent unprofitability
Large and persistent operating losses mean the business is not generating distributable earnings and must rely on external funding or structural changes to reach profitability. Over time continued losses erode capital, hinder reinvestment, and constrain strategic optionality for growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused iGaming content model
A focused content-development model targeting iGaming operators is structurally durable: once titles are developed they can be distributed to many operators via aggregators, enabling scalable revenue streams from licensing/revenue-share and low marginal cost per additional distribution.
Read all positive factors
Gaming Corps AB (GCOR) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr119.26M
Dividend YieldN/A
Average Volume (3M)83.15K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth36.87%
EPS Growth23.41%
CountrySE
Employees25
SectorConsumer Cyclical
Sector Strength84
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.28
Shares Outstanding145,441,530
10 Day Avg. Volume99,560
30 Day Avg. Volume83,147
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)-19.11
Price to Sales (P/S)3.21
P/FCF Ratio-8.14
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
Gaming Corps AB Business Overview & Revenue Model
Company Description
Gaming Corps AB (publ) develops videogames and interactive entertainment in Sweden. The company was founded in 2013 and is based in Stockholm, Sweden....
How the Company Makes Money
Gaming Corps makes money primarily by developing iGaming casino content and monetizing it through distribution to online casino operators. Revenue is generally generated when its games are made available to operators via aggregators/platforms or d...
Gaming Corps AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.04M | 48.68M | 35.40M | 31.12M | 12.41M | 2.36M |
| Gross Profit | 6.24M | -30.87M | 1.07M | -1.32M | -25.06M | -22.30M |
| EBITDA | -30.34M | -25.20M | -23.43M | -20.55M | -22.30M | -20.43M |
| Net Income | -40.73M | -40.60M | -23.70M | -24.08M | -24.44M | -22.45M |
Balance Sheet | ||||||
| Total Assets | 27.61M | 30.25M | 30.53M | 17.56M | 21.98M | 14.95M |
| Cash, Cash Equivalents and Short-Term Investments | 2.02M | 7.29M | 11.83M | 1.48M | 9.59M | 288.63K |
| Total Debt | 2.81M | 3.13M | 4.82M | 10.00M | 4.00M | 6.50M |
| Total Liabilities | 42.96M | 38.41M | 18.34M | 15.88M | 8.55M | 9.99M |
| Stockholders Equity | -15.35M | -8.17M | 12.18M | 1.68M | 13.43M | 4.95M |
Cash Flow | ||||||
| Free Cash Flow | -26.97M | -19.18M | -21.76M | -22.58M | -24.00M | -28.79M |
| Operating Cash Flow | -21.23M | -19.01M | -21.76M | -22.58M | -23.83M | -22.00M |
| Investing Cash Flow | -13.00M | -11.57M | -4.50M | 0.00 | -167.71K | -5.50M |
| Financing Cash Flow | 18.37M | 26.03M | 36.61M | 14.47M | 33.30M | 5.50M |
Gaming Corps AB Technical Analysis
Negative
1.15
Price Trends
0.88
Negative
0.99
Negative
1.04
Negative
Market Momentum
-0.03
Positive
38.99
Neutral
12.29
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 1.15 is above the 20-day moving average (MA) of 0.87, above the 50-day MA of 0.88, and above the 200-day MA of 1.04, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 38.99 is Neutral, neither overbought nor oversold. The STOCH value of 12.29 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
UnderperformOutperform
Sector (61)
SE:GCOR
Gaming Corps AB
0.78
-0.24
-23.53%
DE:4UJ
Qiiwi Games AB
0.23
0.05
30.34%
DE:5ZD0
Fragbite Group AB
0.51
0.11
25.67%
SE:NITRO
Nitro Games Plc
1.80
0.23
14.72%
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.