GOAT Industries (GOAT) AI Stock Analysis

• Market Cap: C$16.23M
• Dividend Yield: N/A
• Average Volume (3M): 123.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.09
• Revenue Growth: N/A
• EPS Growth: 88.19%
• Country: CA
• Employees: 1
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.04
• Shares Outstanding: 34,909,412
• 10 Day Avg. Volume: 65,345
• 30 Day Avg. Volume: 123,736
• PEG Ratio: 0.02
• Price to Book (P/B): -1.91
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.40
• 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: 45 Neutral
• Price Target: C$0.47 ▼(-2.50% Downside)

The score is primarily constrained by very weak financial performance (ongoing losses, negative equity, and negative operating/free cash flow with no reported revenue). Technicals also point to a weak trend (below key moving averages with negative MACD). Positive corporate developments (acquisitions, uplisting, and financing) add some upside potential but carry execution risk and are not yet reflected in profitability.

Positive Factors

Strategic Acquisitions

The acquisition of BetSource and other companies enhances GOAT's presence in digital engagement and sports-betting sectors, potentially boosting market position and revenue streams.

Management Quality

The appointment of Mr. Steve Vanry, with over 25 years of experience, strengthens GOAT's strategic planning and corporate governance, supporting long-term business stability.

Market Visibility

The OTCQB uplisting enhances GOAT's market visibility and credibility, improving liquidity and access to U.S. investors, which supports long-term growth objectives.

Negative Factors

Negative Cash Flow

Persistent negative cash flow indicates ongoing operational challenges and limits the company's ability to self-fund its growth, impacting long-term sustainability.

Weak Financial Performance

Ongoing losses and lack of revenue highlight fundamental weaknesses in GOAT's business model, raising concerns about its ability to achieve profitability.

Stressed Balance Sheet

A stressed balance sheet with negative equity reduces financial flexibility and increases solvency risk, posing challenges for long-term financial health.

GOAT Industries Business Overview & Revenue Model

Company Description

GOAT Industries Ltd. is a venture capital firm specializing in incubation. It seeks to invest in food and beverage industry with a focus on functional food, plant-based alternatives, and plant-based protein. GOAT Industries Ltd. based in Vancouver, Canada.

How the Company Makes Money

GOAT Industries generates revenue primarily through the sale of its advanced agricultural technologies and products directly to farmers, agricultural cooperatives, and large agribusinesses. The company also engages in strategic partnerships with regional distributors and agricultural technology retailers to expand its market reach. Additionally, GOAT offers subscription-based services for its smart irrigation and precision agriculture tools, providing ongoing support, software updates, and data analytics to its customers. These subscription services create a recurring revenue stream that complements the company's product sales.

GOAT Industries Financial Statement Overview

Summary

GOAT Industries is facing substantial financial challenges across all verticals. The absence of revenue, coupled with high leverage and negative cash flows, presents significant risks. Immediate strategic actions are necessary to stabilize financial health and ensure long-term viability.

Income Statement

GOAT Industries has struggled with negative profitability, as indicated by significant negative net income and EBIT margins. The absence of revenue further underscores the company's difficulty in generating sales, leading to substantial losses in recent periods.

Balance Sheet

The balance sheet of GOAT Industries reveals a negative stockholders' equity, indicating insolvency risk. The high debt levels relative to equity and assets suggest potential liquidity issues, posing a significant risk to financial stability.

Cash Flow

The company's cash flow is under pressure, with consistently negative operating and free cash flow. However, there is a strong financing inflow, which has temporarily supported liquidity but raises concerns about sustainability without improvement in core operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	-74.28K	-274.61K	0.00	0.00
EBITDA	-1.35M	-980.72K	-4.08M	-4.18M	-6.08M	-37.02K
Net Income	-1.48M	-1.01M	-4.08M	-14.02M	-6.08M	-37.02K
Balance Sheet
Total Assets	514.81K	888.00	296.99K	2.23M	11.01M	409.97K
Cash, Cash Equivalents and Short-Term Investments	91.12K	887.00	6.62K	1.78K	672.78K	409.97K
Total Debt	166.95K	249.01K	340.87K	138.85K	0.00	0.00
Total Liabilities	675.96K	831.23K	760.33K	427.69K	204.02K	33.48K
Stockholders Equity	-161.16K	-830.34K	-463.34K	1.80M	10.81M	376.48K
Cash Flow
Free Cash Flow	-137.82K	-360.95K	-368.93K	-1.51M	-4.17M	―
Operating Cash Flow	-137.82K	-360.95K	-368.93K	-1.51M	-4.17M	―
Investing Cash Flow	-461.38K	0.00	-14.23K	-72.92K	-5.68M	0.00
Financing Cash Flow	618.71K	355.22K	388.00K	907.50K	10.11M	1.65K

GOAT Industries Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GOAT, the sentiment is Neutral. The current price of 0.48 is above the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.56, and above the 200-day MA of 0.40, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 47.24 is Neutral, neither overbought nor oversold. The STOCH value of 74.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:GOAT.

GOAT Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ZC	67 Neutral	C$6.34M	0.43	75.06%	―	486.23%	478.94%
LBI	52 Neutral	C$15.71M	-3.98	-113.97%	―	-19.49%	-25.00%
QCA	48 Neutral	C$4.68M	-1.08	-37.19%	―	26.42%	-1217.14%
GOAT	45 Neutral	C$16.23M	-3.43	―	―	―	88.19%
FNR	45 Neutral	C$4.99M	60.00	1.09%	―	-82.82%	―
BLGV	42 Neutral	C$4.82M	-0.83	-226.11%	―	19.82%	-51.61%

GOAT Industries Corporate Events

GOAT Industries’ BETSource Strikes BKFC App Deal as Company Boosts Investor Outreach

GOAT Industries’ portfolio company BETSource has entered into a commercial relationship with Bare Knuckle Fighting Championship to integrate its fan engagement and sportsbook attribution technology into the BKFC mobile app, aiming to enhance the user experience, boost in-app interaction and retention, and support BKFC’s monetization efforts as the combat sports promoter rapidly scales its global audience and media distribution. Separately, GOAT has retained 1502655 B.C. Ltd. for a six-month, cash-only investor relations mandate worth up to $400,000 to strengthen its capital markets presence, develop performance metrics for investors, and increase awareness of the company’s strategy and portfolio momentum, signaling a concerted push to raise its profile among market participants.

The most recent analyst rating on (TSE:GOAT) stock is a Hold with a C$0.47 price target. To see the full list of analyst forecasts on GOAT Industries stock, see the TSE:GOAT Stock Forecast page.

GOAT Industries Appoints New Director and Corporate Secretary

GOAT Industries Ltd. has announced the appointment of Mr. Steve Vanry as a director and Corporate Secretary, succeeding Mr. Lawrence Hay. Mr. Vanry brings over 25 years of experience in senior management roles across multiple industries, enhancing the company’s strategic planning and corporate governance capabilities.

GOAT Industries Expands Portfolio with BetSource Acquisition

GOAT Industries Ltd. has successfully acquired 1509467 B.C. Ltd. and Veroom, Inc., expanding its portfolio with the BetSource group of companies. This acquisition aligns with GOAT’s strategy to enhance its presence in the digital engagement and affiliate business, particularly in the sports-betting sector. The acquisition allows GOAT to leverage Source Gaming’s technology, which integrates sports books with interactive applications, enhancing user experiences and monetization opportunities. Vroom, as the sales and marketing arm, will drive partner acquisition and revenue growth, strengthening GOAT’s market position.

GOAT Industries Completes Private Placement to Fund Strategic Acquisitions

GOAT Industries Ltd. has successfully closed the final tranche of its non-brokered private placement, raising a total of C$5,379,713.10. The proceeds will be used to fund the acquisition and expansion of BETSource, as well as for future investments and general corporate purposes, enhancing GOAT’s strategic positioning in the market.

GOAT Industries Expands Digital Media Portfolio with Source Gaming Acquisition

GOAT Industries Ltd. announced an update on its acquisition of Source Gaming Company, a digital media and technology firm specializing in sports and sports-betting engagement tools. Source Gaming operates mainly in the U.S. and Ontario, Canada, offering products like BETSource, which integrates sports betting and live sports content to enhance user experience and revenue streams. The acquisition is expected to strengthen GOAT’s position in the digital sports media market, providing new opportunities for revenue through Source Gaming’s established commercial agreements and technology partnerships.

GOAT Industries Expands in Sports Betting with Vroom Acquisition

GOAT Industries has entered into a definitive agreement to acquire the sales and marketing arm of Veroom, Inc., known as Vroom, as part of its strategy to enhance its position in the sports betting market. This acquisition, alongside the earlier announced acquisition of 1509467 B.C. Ltd., will allow GOAT to control BETSource, a business focused on leveraging technology and marketing within casinos and sports books. The transaction involves a share exchange and performance-based warrants, with completion contingent on regulatory approvals and other conditions.