Kidoz Inc (KDOZ) AI Stock Analysis

• Market Cap: C$39.39M
• Dividend Yield: N/A
• Average Volume (3M): 18.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.57
• Revenue Growth: 32.71%
• EPS Growth: N/A
• Country: CA
• Employees: 53
• Sector: General
• Sector Strength: N/A
• Industry: Advertising Agencies
• EPS (TTM): N/A
• Shares Outstanding: 131,304,500
• 10 Day Avg. Volume: 14,154
• 30 Day Avg. Volume: 18,548
• PEG Ratio: -0.33
• Price to Book (P/B): 1.73
• Price to Sales (P/S): 0.98
• P/FCF Ratio: 10.57
• 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): 0.03
• Revenue Forecast (FY): C$28.00M

• Rating: 68 Neutral
• Price Target: C$0.47 ▲(46.56% Upside)
• Action: Downgraded Date: 01/31/26
• Date: Action: Downgraded 01/31/26

The score is driven primarily by improved financial performance in 2024 and a strong balance sheet with minimal leverage, supported by bullish technical trend signals. The main constraint is valuation: the high P/E with no stated dividend yield meaningfully reduces the overall score.

Positive Factors

Low Leverage / Strong Balance Sheet

Near-zero leverage and solid equity provide durable financial flexibility to fund growth, absorb cyclical ad-market shocks, and pursue partnerships or opportunistic M&A without forcing dilutive financing. This reduces solvency risk and supports multi‑quarter strategic execution.

Profitability Rebound in 2024

Revenue growth with operating profit returning and positive net income in 2024 indicates the KIDOZ platform can monetize kid-and-family inventory at scale. A durable recovery strengthens reinvestment capacity, validates product-market fit, and helps convert the platform into a repeatable revenue engine.

Improved Cash Generation

Operating and free cash flow turning positive aligns cash generation with reported earnings, lowering reliance on external funding. If sustained, this enhances internal funding for SDK development, publisher support and compliance work, enabling longer-term investments without raising debt.

Negative Factors

Volatile Multi-year Earnings and Cash Flow

Historic swings—including losses in 2019 and 2022–23 and inconsistent cash flows—indicate execution and demand sensitivity. This volatility weakens forecasting confidence, raises the probability the 2024 rebound is cyclical rather than structural, and complicates capital allocation.

Thin Net Margins

Despite the rebound, low net margins leave a limited buffer against revenue declines or rising costs. Thin profitability constrains the company’s ability to consistently invest in product, sales, or privacy/compliance capabilities and makes future downturns more likely to revert to losses.

Revenue Dependence on Publishers & Advertiser Demand

The business model relies on third‑party app integrations and advertiser budgets for kid/family audiences, creating structural exposure to SDK adoption, publisher churn, and shifts in ad spend or privacy rules. Scaling revenue requires sustained partner growth and stable advertiser demand.

Kidoz Inc Business Overview & Revenue Model

Company Description

Kidoz Inc. operates a AdTech platform that facilitates mobile advertising within the digital ecosystem. The platform incorporates proprietary SDKs and contextual targeting tools, including Kidoz Privacy Shield and Kite IQ, to deliver advertisements. Kidoz Inc. provides solutions for app developers to monetize their applications through display, rich media, and video advertisements. The platform includes supply-side platform, demand-side platform, and ad exchange capabilities, and is certified by Google and approved by Apple. The company was formerly known as Shoal Games Ltd. and changed its name to Kidoz Inc. in April 2019. Kidoz Inc. was incorporated in 1987 and is based in Vancouver, Canada.

How the Company Makes Money

Kidoz Inc generates revenue primarily through its advertising network, which connects brands and advertisers with app developers and publishers targeting the children's demographic. The company earns money by facilitating and managing ad placements within kid-friendly mobile apps and platforms, ensuring that all content complies with relevant safety and privacy standards. Kidoz also partners with major brands and media companies, leveraging its technology to create custom advertising experiences that engage young audiences while maintaining compliance with international regulations. Revenue is driven by the volume of advertisements served, performance-based ad campaigns, and strategic partnerships with content creators and brands seeking to expand their reach in the children's market.

Kidoz Inc Financial Statement Overview

Summary

2024 shows a meaningful turnaround: profitability rebounded (loss to net income), margins improved, and operating profit returned, supported by a very low-debt balance sheet. Offsetting this, net profitability is still thin and the multi-year record shows volatile earnings and cash flows, reducing confidence in the durability of the rebound.

Income Statement

The business shows a clear profitability rebound in 2024, moving from a sizable loss in 2023 to positive net income, with materially improved gross margin and positive operating profit. Revenue also returned to growth in 2024 after a slight decline in 2023, indicating demand stabilization. Offsetting this, profitability remains relatively thin (low net margin), and the multi-year track record includes volatility (losses in 2022–2023 and an unusually severe loss in 2019), which reduces confidence in the durability of recent improvements.

Balance Sheet

The balance sheet is a strength: leverage is very low to effectively zero, providing flexibility and limiting financial risk in a cyclical advertising market. Equity remains solid relative to total assets, and 2024 returns on equity turned positive after negative levels in 2021–2023. The key drawback is that returns have been inconsistent over time, suggesting that while financial risk is low, the company still needs to prove sustained, high-quality profitability.

Cash Flow

Cash generation improved meaningfully in 2024, with operating cash flow and free cash flow turning strongly positive and free cash flow broadly in line with net income. However, cash flow has been inconsistent across years (negative in 2019 and 2023), and free cash flow growth is sharply negative in 2024 versus the prior year, highlighting volatility and reduced momentum despite the latest-year recovery.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	14.90M	14.00M	13.33M	15.10M	12.48M	7.15M
Gross Profit	6.99M	7.58M	4.93M	5.12M	5.33M	3.35M
EBITDA	656.50K	852.66K	-1.47M	-792.04K	642.13K	579.50K
Net Income	347.03K	353.14K	-2.01M	-1.35M	-190.32K	103.97K
Balance Sheet
Total Assets	8.67M	11.73M	11.81M	14.39M	13.93M	10.97M
Cash, Cash Equivalents and Short-Term Investments	2.43M	2.78M	1.47M	2.36M	2.08M	1.23M
Total Debt	0.00	0.00	7.61K	83.85K	121.31K	151.01K
Total Liabilities	1.76M	3.81M	4.61M	5.70M	4.57M	2.30M
Stockholders Equity	6.90M	7.93M	7.19M	8.69M	9.35M	8.67M
Cash Flow
Free Cash Flow	1.69M	1.30M	-832.35K	410.94K	843.38K	228.29K
Operating Cash Flow	1.70M	1.31M	-823.64K	433.75K	851.53K	256.98K
Investing Cash Flow	-4.87K	13.67K	-8.71K	-26.53K	-384.00	-21.54K
Financing Cash Flow	0.00	-7.61K	-61.95K	-122.29K	1.41K	23.39K

Kidoz Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.32
• 50DMA: Negative
• 100DMA: Negative
• 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:KDOZ, the sentiment is Negative. The current price of 0.32 is above the 20-day moving average (MA) of 0.32, below the 50-day MA of 0.35, and above the 200-day MA of 0.29, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.51 is Neutral, neither overbought nor oversold. The STOCH value of 30.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:KDOZ.

Kidoz Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KDOZ	68 Neutral	C$39.39M	-4.77	9.46%	―	32.71%	―
PVT	64 Neutral	C$45.83M	10.70	7.10%	―	-13.43%	―
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SPN	50 Neutral	C$13.73M	10.63	-22.44%	―	1.45%	19.48%
ILLM	44 Neutral	C$41.05M	-3.66	-7.86%	―	17.97%	3.79%
EQ	44 Neutral	C$64.72M	-50.08	81.04%	―	5.43%	68.55%
AMT	40 Underperform	C$50.34M	-3.37	―	―	―	―