Tapinator (TAPM) AI Stock Analysis

• Market Cap: $960.15K
• Dividend Yield: N/A
• Average Volume (3M): 253.00
• Price to Earnings (P/E): 17.1
• Beta (1Y): -0.99
• Revenue Growth: -1.44%
• EPS Growth: -1893.15%
• Country: US
• Employees: 7
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): -0.01
• Shares Outstanding: 2,824,810
• 10 Day Avg. Volume: 18
• 30 Day Avg. Volume: 253
• PEG Ratio: <0.01
• Price to Book (P/B): 1.29
• Price to Sales (P/S): 0.31
• P/FCF Ratio: 7.59
• Enterprise Value/Market Cap: 1.21
• Enterprise Value/Revenue: 0.26
• Enterprise Value/Gross Profit: 0.43
• Enterprise Value/Ebitda: 5.51
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 66 Neutral
• Price Target: ―

Tapinator's stock reflects a mixed outlook. Financial performance shows resilience in profitability amidst revenue declines, supported by a strong balance sheet. Technical indicators suggest positive momentum, slightly tempered by valuation metrics indicating potential overvaluation. The absence of earnings call data and corporate events limits additional insights.

Tapinator Business Overview & Revenue Model

Company Description

Tapinator, Inc. develops and publishes mobile games and applications on the iOS, Google Play, and Amazon platforms in North America and Europe. The company's library includes approximately 300 titles, such as Video Poker Classic and Crypto Trillionaire. It also provides in-app purchase and subscription services. The company was founded in 2013 and is headquartered in New York, New York.

How the Company Makes Money

Tapinator generates revenue primarily through in-app purchases and advertising within its mobile games. In-app purchases allow players to buy virtual goods or enhancements that enhance gameplay or provide additional features. Additionally, Tapinator monetizes its games by integrating advertisements, which can include banner ads, interstitial ads, and rewarded video ads. The company often collaborates with advertising networks and partners to optimize ad placements and maximize ad revenue. Tapinator's earnings are significantly influenced by the popularity and engagement levels of its games, as well as its ability to attract and retain a large player base.

Tapinator Financial Statement Overview

Summary

Overall, Tapinator presents a mixed financial picture. While profitability margins have improved, the decline in revenue and negative free cash flow pose risks. The company maintains a strong balance sheet with low leverage, but growth in equity value is limited. Continuous focus on revenue growth and cash management will be essential for future financial stability and performance improvement.

Income Statement

Tapinator has shown a mixed performance over the years. The gross profit margin has been relatively stable, with a notable increase in 2023, reaching 70.9%. However, the company experienced a decline in total revenue from 2022 to 2023, marking a negative growth rate of 19.9%. Despite this, the net profit margin improved to 0.8% in 2023, indicating better cost management. The EBIT and EBITDA margins also indicate modest profitability improvements. The overall trajectory shows resilience in profit margins despite challenges in revenue growth.

Balance Sheet

Tapinator's balance sheet reveals a solid equity base, with an equity ratio of 42.7% in 2023, which indicates a moderate reliance on debt. The debt-to-equity ratio is low at 0.21, reflecting a strong financial position. However, stockholders' equity has only seen a slight increase, suggesting limited growth in asset value. The return on equity is low at 2.8%, indicating room for improvement in utilizing equity to generate profits.

Cash Flow

Cash flow analysis shows a volatile performance. Operating cash flow has increased significantly in 2023, suggesting improved operational efficiency. However, the free cash flow has been negative, reflecting high capital expenditures that exceed operating cash inflows. The ratio of operating cash flow to net income is strong, indicating good cash generation relative to reported profits. Nonetheless, the overall cash position could be affected by continuous negative free cash flow.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.54M	4.66M	4.44M	5.54M	5.84M	4.45M
Gross Profit	2.69M	2.72M	3.15M	3.54M	4.01M	2.60M
EBITDA	210.84K	519.31K	271.15K	743.76K	1.11M	-19.64K
Net Income	-396.56K	-225.03K	37.69K	285.27K	665.58K	-547.50K
Balance Sheet
Total Assets	2.44M	2.51M	3.15M	2.95M	3.86M	1.27M
Cash, Cash Equivalents and Short-Term Investments	19.79K	52.73K	571.34K	534.60K	1.18M	206.04K
Total Debt	173.56K	195.88K	281.46K	361.85K	430.19K	169.06K
Total Liabilities	1.35M	1.39M	1.81M	1.65M	2.99M	1.24M
Stockholders Equity	1.10M	1.12M	1.35M	1.30M	864.47K	35.63K
Cash Flow
Free Cash Flow	241.53K	190.36K	-132.01K	-300.72K	2.13M	114.82K
Operating Cash Flow	565.11K	193.88K	976.19K	332.38K	2.72M	789.24K
Investing Cash Flow	-836.91K	-712.49K	-939.45K	-882.97K	-1.62M	-674.42K
Financing Cash Flow	0.00	0.00	0.00	-90.00K	-129.97K	-75.79K

Tapinator Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TAPM, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.36, and below the 200-day MA of 0.38, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 29.82 is Positive, neither overbought nor oversold. The STOCH value of 5.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TAPM.

Tapinator Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TAPM	66 Neutral	$960.15K	17.05	-30.66%	―	-1.44%	-1893.15%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
GIGM	54 Neutral	$18.24M	―	-1.51%	―	-4.03%	84.99%
MSGM	47 Neutral	$13.93M	630.91	31.90%	―	-2.69%	-114.02%
TRUG	38 Underperform	$2.94M	―	―	―	―	―
BHAT	37 Underperform	$11.88M	―	―	―	-74.59%	86.00%