Alpha Esports Tech (AIC) AI Stock Analysis

• Market Cap: C$4.89M
• Dividend Yield: N/A
• Average Volume (3M): 10.64K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: -100.00%
• EPS Growth: 90.84%
• Country: CA
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): >-0.01
• Shares Outstanding: 11,792,584
• 10 Day Avg. Volume: 24,903
• 30 Day Avg. Volume: 10,642
• PEG Ratio: 0.07
• Price to Book (P/B): -2.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.61
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: C$0.41 ▲(46.07% Upside)
• Action: Reiterated Date: 03/07/26
• Date: Action: Reiterated 03/07/26

The score is held down primarily by severe financial weakness (revenue collapse, persistent losses, ongoing cash burn, and negative equity). Technicals are relatively strong with the price above key moving averages and positive MACD, but valuation remains unattractive due to negative earnings and no indicated dividend support.

Positive Factors

Low reported leverage

Low reported debt and minimal leverage reduce fixed financing costs and give management more flexibility to pursue turnaround actions or restructuring without immediate interest burdens. This durable capital-structure feature helps preserve runway while revenue recovery is pursued.

Historically solid gross margins

Solid historical gross margins indicate the company's core product economics were once healthy, implying recoverable unit economics if sales volumes return. Strong gross margins provide a structural opportunity for operating leverage and faster path to profitability once revenue stabilizes.

Improving cash-burn trend

A clear improvement in operating cash outflows versus prior years suggests management has taken cost controls or efficiency measures that are reducing runway pressure. Continued improvement could lead to stabilization and eventual self-funded operations, a durable operational improvement.

Negative Factors

Revenue collapse

A collapse of revenue to near zero is a structural concern: it eliminates scale, prevents fixed-cost absorption, and undermines customer-base viability. Without a credible, sustainable revenue recovery plan, the company cannot leverage prior margin strengths or fund operations long term.

Persistent unprofitability

Sustained large operating losses show the business model has not delivered positive earnings through multiple cycles. Persistent negative margins require continual external funding, limit reinvestment, and indicate structural challenges to achieving scalable, sustainable profitability.

Negative shareholders' equity

Negative equity materially weakens the balance sheet, raising insolvency risk and reducing access to capital markets. It constrains strategic flexibility, may trigger covenant or counterparty concerns, and creates a lasting barrier to rebuilding financial resilience without transformative action.

Alpha Esports Tech Business Overview & Revenue Model

Company Description

AlphaGen Intelligence Corp. operates as a game and software development company in North America and internationally. It holds a portfolio of assets in gaming, generative AI, technology, and content production services. The company owns and operates Shape, a metaverse studio, which builds the future of web3 gaming experiences and supporting companies as their metaverse partner to design and build leading brand and virtual retail experiences; MANA, a white-label SaaS solution that allows brands and other organizations to launch their own gaming platforms without having to fund technological or backend systems; and GamerzArena, a gaming platform that provides an esports ecosystem for all gamers that provides video game contests where gamers can compete for cash and prizes in leadership and bracket formats. AlphaGen Intelligence Corp. has a strategic partnership with XCAVE Studios Inc. to develop next-generation branded experiences in Fortnite. The company was formerly known as Alpha Metaverse Technologies Inc. and changed its name to AlphaGen Intelligence Corp. in June 2023. The company was incorporated in 2019 and is based in Vancouver, Canada.

How the Company Makes Money

Alpha Esports Tech Financial Statement Overview

Summary

Very weak fundamentals: revenue has effectively collapsed to near zero in the latest period, profitability has remained deeply negative, and operating/free cash flow are consistently negative. Negative shareholders’ equity in 2024–2025 increases balance-sheet risk despite low reported debt.

Income Statement

Revenue has been highly unstable and has effectively collapsed to zero in the latest annual period (2025), following a sharp decline in 2024. While gross margin was solid in 2022–2024, the company has remained consistently unprofitable with large operating losses and deeply negative net margins in prior years, indicating the business has not yet found a scalable, sustainable earnings model.

Balance Sheet

Leverage appears low in absolute terms (including zero debt in 2025), but the balance sheet is weakened by negative shareholders’ equity in 2024–2025 and a very small asset base. The shift from positive equity in 2021–2023 to negative equity in the last two years materially increases financial risk and reduces flexibility, even if stated debt levels are not high.

Cash Flow

Operating cash flow and free cash flow have been consistently negative across all periods, signaling ongoing cash burn. Cash burn has improved versus earlier years (2021–2023) but remains negative in 2024–2025, and cash generation has not yet turned the corner to self-funding operations.

Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	0.00	0.00	794.77K	1.86M	209.73K	16.68K
Gross Profit	0.00	0.00	598.02K	1.07M	102.58K	16.68K
EBITDA	-327.21K	-178.40K	-3.19M	-1.25M	-8.12M	-4.83M
Net Income	-410.47K	-178.40K	-3.19M	-1.25M	-8.83M	-5.34M
Balance Sheet
Total Assets	562.49K	24.70K	28.13K	3.00M	3.88M	5.53M
Cash, Cash Equivalents and Short-Term Investments	536.98K	1.42K	17.13K	154.36K	1.21M	1.72M
Total Debt	0.00	0.00	171.36K	125.00K	60.00K	0.00
Total Liabilities	303.34K	616.88K	587.73K	553.71K	1.28M	940.67K
Stockholders Equity	259.15K	-592.18K	-559.60K	2.45M	2.60M	4.59M
Cash Flow
Free Cash Flow	-33.13K	-76.22K	-118.59K	-644.00K	-2.12M	-3.92M
Operating Cash Flow	-175.58K	-76.22K	-118.59K	-644.00K	-2.12M	-3.92M
Investing Cash Flow	10.00K	10.00K	-65.00K	-435.00K	-843.00K	-192.00K
Financing Cash Flow	697.01K	50.52K	46.36K	25.00K	2.45M	5.82M

Alpha Esports Tech Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.28
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AIC, the sentiment is Positive. The current price of 0.28 is below the 20-day moving average (MA) of 0.42, below the 50-day MA of 0.41, and above the 200-day MA of 0.27, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.08 is Neutral, neither overbought nor oversold. The STOCH value of 45.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:AIC.

Alpha Esports Tech Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
OAM	48 Neutral	C$23.41M	-2.58	-22.90%	―	45.36%	-200.67%
AIC	47 Neutral	C$4.89M	-7.52	―	―	-100.00%	90.84%
VRTS	43 Neutral	C$14.34M	-1.59	―	―	-3.78%	88.40%
EGLX	41 Neutral	C$6.37M	0.40	-183.15%	―	-53.67%	-127.21%