Playgon Games (TSE:DEAL)
:DEAL
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Playgon Games
(DEAL)
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Rating:41Neutral
Price Target:
C$0.01
▲(0.00% Upside)
Action:Upgraded
Date:05/07/26
The score is primarily held down by very weak financial performance—collapsing revenue, structurally negative gross profit, large recurring losses, and a highly stressed balance sheet with deeply negative equity and rising debt. Technical indicators also point to weak momentum (negative MACD and RSI below 50). Valuation provides limited support due to negative earnings (negative P/E) and no dividend yield data.
Positive Factors
B2B licensing & revenue-share model
Playgon's core B2B licensing and revenue-sharing model creates recurring, usage-linked income when games are distributed by operators. Over 2-6 months this structure supports scalable revenue if integrations grow, aligns incentives with partners and enables incremental upside as player volumes recover.
Negative Factors
Severe revenue collapse
A dramatic multi-year revenue decline destroys scale economics and weakens the recurring-fee base central to Playgon's model. With revenue near zero in 2025, the company lacks the top-line foundation to cover fixed costs, jeopardizing long-term operator relationships and the viability of revenue-share contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
B2B licensing & revenue-share model
Playgon's core B2B licensing and revenue-sharing model creates recurring, usage-linked income when games are distributed by operators. Over 2-6 months this structure supports scalable revenue if integrations grow, aligns incentives with partners and enables incremental upside as player volumes recover.
Read all positive factors
Playgon Games (DEAL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.43M
Dividend YieldN/A
Average Volume (3M)75.84K
Price to Earnings (P/E)―
Beta (1Y)-1.51
Revenue Growth-93.69%
EPS Growth58.04%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.03
Shares Outstanding486,194,150
10 Day Avg. Volume176,826
30 Day Avg. Volume75,836
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.11
Price to Sales (P/S)112.78
P/FCF Ratio-0.80
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
Playgon Games Business Overview & Revenue Model
Company Description
Playgon Games Inc. engages in the development and licensing of digital content for the iGaming market. The company offers daily fantasy sports (DFS) software and network, which is licensed to customers to offer a customized and branded DFS product...
How the Company Makes Money
Playgon Games primarily makes money through B2B licensing and revenue-sharing arrangements tied to the distribution and play of its gaming content on third-party online casino platforms. Key revenue streams generally include: (1) recurring fees pa...
Playgon Games Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
4
Very Negative
Cash Flow
8
Very Negative
| Breakdown | Dec 2025 | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 38.15K | 604.58K | 1.47M | 957.75K | 159.71K |
| Gross Profit | -89.34K | -5.26M | -1.53M | -8.21M | -6.64M |
| EBITDA | -6.12M | -10.25M | -12.21M | -13.23M | -11.56M |
| Net Income | -10.25M | -18.19M | -16.51M | -16.82M | -14.84M |
Balance Sheet | |||||
| Total Assets | 715.04K | 1.22M | 5.51M | 8.21M | 17.08M |
| Cash, Cash Equivalents and Short-Term Investments | 101.76K | 378.56K | 208.45K | 206.78K | 5.93M |
| Total Debt | 31.72M | 26.67M | 16.00M | 6.93M | 1.34M |
| Total Liabilities | 40.86M | 33.65M | 20.87M | 10.63M | 3.29M |
| Stockholders Equity | -40.15M | -32.44M | -15.36M | -2.42M | 13.79M |
Cash Flow | |||||
| Free Cash Flow | -5.35M | -9.08M | -11.48M | -11.22M | -11.69M |
| Operating Cash Flow | -5.35M | -9.07M | -11.36M | -11.19M | -11.21M |
| Investing Cash Flow | 0.00 | -3.95K | -126.26K | -29.63K | -480.56K |
| Financing Cash Flow | 5.08M | 9.22M | 11.50M | 5.52M | 16.86M |
Playgon Games Technical Analysis
Negative
0.01
Price Trends
0.01
Negative
0.01
Negative
Market Momentum
>-0.01
Negative
41.34
Neutral
<0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:DEAL, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.01, below the 50-day MA of 0.01, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 41.34 is Neutral, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:DEAL.
Playgon Games Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | C$2.43M | -0.42 | ― | ― | -93.69% | 58.04% | |
41 Neutral | C$4.88M | -5.23 | ― | ― | -4.20% | -26.79% | |
| ― | C$11.06M | -0.70 | 1281.62% | ― | 35.62% | 16.77% | |
46 Neutral | C$4.48M | -16.66 | ― | ― | 6.87% | -171.43% |
* General Sector Average
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Playgon Games Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Playgon Upsizes Insider Credit Facility and Seeks to Push Out Debenture Maturities
Positive
Mar 27, 2026
Playgon Games has amended its existing secured promissory note with related-party lender Pure Live Entertainment, extending the note’s maturity to Sept. 30, 2026 and increasing the available funding to up to CAD$14 million, with advances bea...
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.