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Playgon Games (TSE:DEAL)
:DEAL
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Playgon Games (DEAL) AI Stock Analysis

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TSE:DEAL

Playgon Games

(DEAL)

Rating:44Neutral
Price Target:
C$0.00
▼(-100.00% Downside)
Playgon Games is facing significant financial challenges, with negative profitability and a precarious balance sheet being the most critical factors. Technical analysis shows neutral momentum, providing some stability. Valuation is poor due to negative earnings and lack of dividends. Corporate events present mixed implications, with regulatory issues being a concern.

Playgon Games (DEAL) vs. iShares MSCI Canada ETF (EWC)

Playgon Games Business Overview & Revenue Model

Company DescriptionPlaygon Games Inc. is a technology company focused on developing and delivering innovative online gaming solutions, primarily within the growing sectors of mobile gaming and digital casinos. The company specializes in creating engaging live dealer games and interactive gaming content that enhance the online gambling experience for players. Its core products include a suite of live dealer games, such as blackjack, baccarat, and roulette, which are designed to be streamed in real-time and enjoyed on various devices.
How the Company Makes MoneyPlaygon Games generates revenue primarily through the licensing of its gaming software and services to online casinos and gaming operators. The company earns a percentage of the wagers placed by players on its platform, often structured as a revenue share model. Key revenue streams include transaction fees from gaming activities, subscription fees for access to its proprietary gaming content, and partnerships with online casinos that integrate Playgon's technology into their offerings. Additionally, the company may benefit from strategic alliances with other gaming firms to expand its market reach and enhance its product offerings.

Playgon Games Financial Statement Overview

Summary
Overall, Playgon Games is experiencing significant financial instability with declining revenues, poor profitability, and high leverage. The company faces liquidity challenges with persistent negative cash flows, raising concerns about its financial sustainability.
Income Statement
20
Very Negative
Playgon Games shows a declining revenue trend with a significant decrease in gross profit margin. The net profit margin is negative, indicating consistent losses. There is also a substantial decline in EBIT and EBITDA margins, reflecting poor operational efficiency and profitability.
Balance Sheet
15
Very Negative
The company has a highly negative stockholders' equity, indicating financial distress. The debt-to-equity ratio cannot be calculated due to negative equity, showing high leverage risk. The equity ratio is negative, reflecting a lack of asset coverage by equity.
Cash Flow
25
Negative
Negative free cash flow growth highlights liquidity challenges. Operating cash flow to net income ratio is negative, indicating cash outflows exceed net losses. Although financing inflows exist, they are not sufficient to cover operational deficiencies.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue386.81K604.58K1.47M957.75K159.71K0.00
Gross Profit-2.13M-5.26M-1.53M-8.21M-6.64M-1.60M
EBITDA-9.75M-10.25M-12.21M-13.23M-11.56M-4.66M
Net Income-17.11M-18.19M-16.51M-16.82M-14.84M-6.52M
Balance Sheet
Total Assets1.01M1.22M5.51M8.21M17.08M13.68M
Cash, Cash Equivalents and Short-Term Investments127.09K378.56K208.45K206.78K5.93M781.46K
Total Debt28.02M26.67M16.00M6.93M1.34M2.11M
Total Liabilities35.28M33.65M20.87M10.63M3.29M4.62M
Stockholders Equity-34.27M-32.44M-15.36M-2.42M13.79M9.06M
Cash Flow
Free Cash Flow-7.65M-9.08M-11.48M-11.22M-11.69M-5.04M
Operating Cash Flow-7.65M-9.07M-11.36M-11.19M-11.21M-3.82M
Investing Cash Flow-3.95K-3.95K-126.26K-29.63K-480.56K-1.19M
Financing Cash Flow7.51M9.22M11.50M5.52M16.86M5.56M

Playgon Games Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.02
Price Trends
50DMA
0.01
Positive
100DMA
0.02
Positive
200DMA
0.02
Positive
Market Momentum
MACD
<0.01
Positive
RSI
57.86
Neutral
STOCH
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DEAL, the sentiment is Positive. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.01, and above the 200-day MA of 0.02, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 57.86 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:DEAL.

Playgon Games Peers Comparison

Overall Rating
UnderperformOutperform
Sector (54)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
54
Neutral
C$44.99M57.4415.08%4.56%1.42%-15.68%
45
Neutral
C$5.61M6.45%10.25%53.06%
44
Neutral
C$6.09M
-72.62%14.35%
29
Underperform
C$4.08M35.80%3.11%-3.23%
* Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:DEAL
Playgon Games
0.02
0.00
0.00%
TSE:ISFT
ICEsoft Technologies Canada Corp
0.05
0.03
150.00%
TSE:ZONE
Zonetail
0.02
<0.01
15.38%

Playgon Games Corporate Events

Private Placements and FinancingRegulatory Filings and Compliance
Playgon Games Completes Shares for Debt Transaction and Updates on MCTO
Neutral
Jul 29, 2025

Playgon Games Inc. has completed a shares for debt transaction, settling $656,525 of debt through the issuance of 65,652,500 common shares at $0.01 per share. This transaction, which includes a significant portion of shares issued to insiders, is deemed a ‘related party transaction’ and is subject to final TSXV approval. Additionally, the BCSC has revoked a management cease trade order following Playgon’s successful filing of its 2024 audited financial statements.

Delistings and Listing ChangesRegulatory Filings and Compliance
Playgon Games Updates on Management Cease Trade Order
Neutral
Jul 10, 2025

Playgon Games Inc. has provided an update regarding its management cease trade order (MCTO) issued due to the delay in filing its 2024 annual audited financial statements. The company is working to comply with alternative information guidelines by issuing bi-weekly status reports and aims to file the necessary documents by July 14, 2025, to avoid a general cease trade order. The company confirms no material changes or additional defaults have occurred, and it will continue to provide updates on any significant developments.

Private Placements and FinancingBusiness Operations and Strategy
Playgon Games to Settle Debt with Share Issuance
Neutral
Jul 2, 2025

Playgon Games Inc. announced its intention to settle $656,525 of debt through the issuance of 65,652,500 common shares at a price of $0.01 per share. This transaction, which includes a significant portion of shares issued to insiders, is subject to TSX Venture Exchange approval and is considered a related party transaction under TSXV Policy 5.9. The move aims to manage interest payments on previously issued convertible unsecured debentures and reflects Playgon’s strategic financial management within the iGaming industry.

Delistings and Listing ChangesRegulatory Filings and Compliance
Playgon Games Updates on Cease Trade Order Extension
Neutral
Jun 26, 2025

Playgon Games Inc. has announced an update regarding its management cease trade order (MCTO) issued by the British Columbia Securities Commission due to a delay in filing its 2024 annual audited financial statements. The delay is attributed to timing issues faced by a third-party auditor required to audit the company’s software. Consequently, Playgon has obtained a two-week extension to file the necessary documents by July 14, 2025. The company is committed to providing bi-weekly status reports and assures that there are no material changes or additional defaults anticipated. Failure to meet the new deadline could result in a general cease trade order.

Financial DisclosuresRegulatory Filings and Compliance
Playgon Games Updates on Management Cease Trade Order Status
Neutral
Jun 13, 2025

Playgon Games Inc. has provided an update regarding its management cease trade order (MCTO) issued by the British Columbia Securities Commission due to the company’s failure to file its 2024 annual financial statements by the April 30, 2025 deadline. The company plans to remedy this default by June 30, 2025, and will issue bi-weekly status reports until the filings are completed. If the filings are not submitted by the deadline, a general cease trade order may be issued. Playgon assures stakeholders that there are no material changes or anticipated defaults beyond the current situation.

Financial DisclosuresRegulatory Filings and Compliance
Playgon Games Updates on Management Cease Trade Order
Negative
May 29, 2025

Playgon Games Inc. has provided an update regarding its management cease trade order (MCTO) issued by the British Columbia Securities Commission due to the company’s failure to file its annual audited financial statements for the year ended December 31, 2024, by the deadline. The company is committed to resolving this issue by June 30, 2025, and will continue to issue bi-weekly status reports. If the filings are not completed by the deadline, a general cease trade order may be issued. Playgon assures that there are no material changes or anticipated defaults beyond what has been previously disclosed.

Private Placements and FinancingBusiness Operations and Strategy
Playgon Games Extends Maturity Dates on Convertible Debentures
Positive
May 22, 2025

Playgon Games Inc. has announced the extension of maturity dates on its unsecured convertible debentures from May 3, 2025, to November 3, 2025, following approval from debenture holders and the TSX Venture Exchange. This extension impacts debentures issued in 2023, with additional interest payment dates introduced, ensuring continued accrual and payment of interest upon maturity. The move reflects Playgon’s strategic financial management, potentially enhancing its operational flexibility and stability in the competitive iGaming industry.

Delistings and Listing ChangesFinancial DisclosuresRegulatory Filings and Compliance
Playgon Games Faces Cease Trade Order Over Delayed Financial Filings
Negative
May 15, 2025

Playgon Games Inc. has announced an update regarding its management cease trade order (MCTO) issued by the British Columbia Securities Commission due to the company’s failure to file its 2024 annual audited financial statements by the deadline. The company is actively working to resolve the issue and plans to file the necessary documents by June 30, 2025. In the meantime, Playgon will provide bi-weekly status updates as required by the alternative information guidelines. If the filings are not completed by the deadline, a general cease trade order may be issued.

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.Date of analysis: Aug 09, 2025