Company DescriptionBetmakers Technology Group Ltd, together with its subsidiaries, develops and provides software, data, and analytics products for the B2B wagering market in Australia, New Zealand, the United States, the United Kingdom, and internationally. It operates through Global Racing Network, Global Betting Services, and Global Tote segments. The company assists racing bodies and rights holders in producing and distributing race content, including barrier technology, official price calculation, vision, and pricing distribution. It also provides racing software, data, and analytical tools, including basic race data consisting of pricing, runners, and form; analytical tools to consume and leverage the data; and wagering tools. In addition, it offers tote software and integrations to facilitate tote liquidity and resulting. Betmakers Technology Group Ltd was incorporated in 2013 and is headquartered in The Junction, Australia.

How the Company Makes Money

Betmakers Technology Group Financial Statement Overview

Summary

The company shows revenue growth but struggles with profitability and cash flow management. The balance sheet is strong due to low leverage, yet declining assets and equity could be concerning.

Income Statement

Neutral

The company has shown a consistent increase in revenue over the years, with a notable jump from 2019 to 2020. However, profitability remains a concern as evidenced by negative EBIT and net income margins. The company has struggled to attain positive net profit margins, with significant losses over the years. The gross profit margin has improved recently, indicating better control over direct costs.

Balance Sheet

Neutral

The balance sheet shows a strong equity position with low leverage, indicated by a low debt-to-equity ratio. However, there has been a decline in total assets and stockholders' equity over the past two years, which could indicate challenges in asset growth. The equity ratio remains strong, suggesting a solid financial base.

Cash Flow

Negative

Cash flow from operations has been volatile, and the company has consistently reported negative free cash flow, which could pose risks to liquidity. The ratio of operating cash flow to net income has improved, indicating better efficiency in converting income to cash flow, but free cash flow remains negative.

TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Breakdown
Income Statement		Total Revenue
85.23M	95.20M	95.03M	91.68M	19.46M	8.58M
	Gross Profit
49.02M	57.40M	-25.37M	9.84M	-1.60M	91.59K
	EBIT
880.00K	-18.80M	-49.08M	-78.93M	-17.74M	-2.43M
	EBITDA
-5.68M	-5.21M	-40.96M	-86.06M	-18.14M	-375.00K
	Net Income Common Stockholders
-42.32M	-38.67M	-38.78M	-89.23M	-17.46M	-2.14M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
36.48M	29.33M	41.04M	87.55M	120.61M	31.62M
	Total Assets
183.44M	150.65M	199.54M	223.06M	230.30M	62.59M
	Total Debt
3.65M	3.15M	4.71M	5.22M	2.49M	462.94K
	Net Debt
-32.83M	-26.18M	-36.33M	-82.33M	-118.11M	-31.16M
	Total Liabilities
45.11M	39.10M	48.95M	33.77M	34.89M	2.19M
	Stockholders Equity
138.32M	111.55M	150.60M	189.29M	195.40M	60.40M
Cash Flow		Free Cash Flow
-7.17M	-5.03M	-32.49M	-34.38M	-4.66M	-723.77K
	Operating Cash Flow
-4.59M	3.21M	-24.26M	-18.22M	-2.02M	-501.15K
	Investing Cash Flow
-12.39M	-11.47M	-11.03M	-22.77M	-46.74M	-222.62K
	Financing Cash Flow
364.00K	-2.69M	-11.73M	7.94M	137.75M	31.90M

Betmakers Technology Group Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPBTF		$69.56M	―	-36.49%	―	―	―
Sector *	62 Neutral	$6.84B	11.41	2.80%	3.87%	2.70%	-24.58%
PBTHF		$258.18M	―	-30.20%	32.54%	―	―
RCTUF		$102.16M	14.11	45.08%	4.77%	―	―
TABCF		$1.04B	―	-42.74%	1.87%	―	―
DNA	79 Outperform	AU$50.60M	1.29	26.04%	―	23.66%	589.13%
BBT	40 Underperform	AU$343.55M	―	-99.47%	―	76.49%	-75.29%

* Consumer Cyclical Sector Average

Performance Comparison

TPBTF

Betmakers Technology Group

0.08

0.02

33.33%

PBTHF

PointsBet Holdings

0.79

0.45

132.35%

RCTUF

Reef Casino

1.93

0.00

0.00%

TABCF

Tabcorp Holdings Limited

0.46

0.06

15.00%

AU:DNA

Donaco International Ltd.

0.04

0.01

33.33%

AU:BBT

BlueBet Holdings Ltd.

0.34

0.14

70.00%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.