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Wondr Gaming Corp
(TSX:VRTS)
Wondr Gaming Corp (VRTS) vs. iShares MSCI Canada ETF (EWC)
Wondr Gaming Corp Business Overview & Revenue Model
Wondr Gaming Corp Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.40M | 4.86M | 4.85M | 3.56M | 186.92K | 0.00 |
| Gross Profit | 2.92M | 3.37M | 3.44M | 2.34M | 107.27K | -22.29K |
| EBITDA | -1.03M | -808.87K | -50.40M | -9.52M | -9.30M | -1.91M |
| Net Income | -2.79M | -2.37M | -49.02M | -10.71M | -9.58M | 135.85K |
Balance Sheet | ||||||
| Total Assets | 4.02M | 4.87M | 7.41M | 49.56M | 7.85M | 57.48K |
| Cash, Cash Equivalents and Short-Term Investments | 360.78K | 506.13K | 1.16M | 556.80K | 3.75M | 53.59K |
| Total Debt | 7.16M | 5.64M | 5.78M | 3.99M | 21.00K | 63.80K |
| Total Liabilities | 9.93M | 8.86M | 9.48M | 17.21M | 1.70M | 30.75K |
| Stockholders Equity | -5.91M | -4.00M | -2.07M | 32.35M | 6.15M | 26.73K |
Cash Flow | ||||||
| Free Cash Flow | -1.79M | -1.08M | -3.63M | -5.74M | -4.67M | -275.11K |
| Operating Cash Flow | -1.79M | -952.07K | -3.63M | -5.48M | -4.66M | -91.41K |
| Investing Cash Flow | 220.65K | 560.65K | -6.64M | -12.60M | -48.23K | -208.20K |
| Financing Cash Flow | 918.33K | 120.05K | 10.86M | 14.91M | 8.20M | 145.00K |
Wondr Gaming Corp Technical Analysis
Wondr Gaming Corp Peers Comparison
Wondr Gaming Corp Corporate Events
Vertiqal Studios reported a 16% year-over-year increase in Q3 2025 revenue, reaching $2.16 million, largely due to the acquisition of Enthusiast Gaming assets. Despite increased expenses from debt extinguishment and integration costs, the company maintained a healthy gross margin of 57%. Vertiqal aims to achieve positive normalized EBITDA in 2026 by expanding direct advertising partnerships and fully monetizing its network.
Vertiqal Studios’ US entity has renewed its partnership with a US government agency, marking its second such deal this year and reaching a seven-figure campaign spend in 2025. This renewal highlights Vertiqal’s expanding role as a strategic partner for institutions aiming to connect with Gen Z and young millennial audiences through culturally relevant, short-form storytelling, solidifying its position as a leader in the digital media landscape.
Vertiqal Studios has successfully closed a non-brokered private placement of unsecured convertible debentures, raising $2,298,000. The proceeds will be used for general working capital purposes. The debentures, maturing in 2027, offer a 15% annual interest rate and can be converted into common shares under certain conditions. This move is expected to bolster Vertiqal’s financial position and support its operations in the digital media space, further enhancing its market presence and offering innovative advertising solutions.
Vertiqal Studios has announced a strategic partnership with HSAD, a global advertising agency under the LG Group, to enhance virtual production capabilities. This collaboration will allow Vertiqal to leverage HSAD’s advanced Virtual Production Studio, enabling efficient and scalable content production. The partnership aims to deliver high-impact productions and expand client access to virtual production services, positioning both companies for larger-scale opportunities and multi-million-dollar activations.
Vertiqal Studios Corp. has appointed Steven Moy, an award-winning executive with over three decades of experience in advertising, technology, and digital transformation, to its Board of Directors. Moy’s strategic vision and industry relationships are expected to guide Vertiqal’s growth as it expands content distribution and programmatic inventory beyond gaming. His appointment is seen as a pivotal move to enhance Vertiqal’s capabilities in engaging young audiences and scaling sustainably in the U.S. market.
Vertiqal Studios has engaged Globacor Partners as strategic advisors to enhance its growth and operational efficiency, particularly in finance and capital markets. This collaboration is expected to bolster Vertiqal’s efforts to scale its operations across various social media platforms and strengthen its position as a leader in digital entertainment. Additionally, Vertiqal announced the departure of two board members and the granting of stock options to advisors and consultants, signaling a strategic focus on expansion and shareholder value.
Vertiqal Studios Corp. has completed its acquisition of Enthusiast Gaming’s direct media sales business, marking a significant milestone in its growth strategy. This acquisition enhances Vertiqal’s media network and brand relationships, positioning it as a premier partner for targeted digital advertising across various content verticals. With a Q4 booked revenue pipeline of over $3 million USD, the company demonstrates strong monetization capabilities and is poised for significant growth and long-term shareholder value.
Vertiqal Studios has completed its acquisition of Omnia Media and Luminosity from Enthusiast Gaming Holdings, enhancing its digital media assets and expanding its presence across major social and streaming platforms. This strategic move aims to bolster Vertiqal’s capacity to deliver integrated campaigns for brand partners and enhance its programmatic offerings. Additionally, the company announced changes in its management and board, with new appointments aimed at driving revenue growth and scaling its brand-partnerships division.
Vertiqal Studios Corp. has announced its plan to acquire Omnia Media and Luminosity from Enthusiast Gaming Holdings Inc., a move that significantly enhances its scale and diversification across major social and video platforms such as YouTube and Twitch. This acquisition not only introduces new revenue streams, including programmatic guaranteed inventory and creator marketing, but also strengthens Vertiqal’s market position by expanding its brand portfolio into high-engagement verticals like esports and live gaming streams. The transaction is expected to close by September 5, 2025, subject to customary conditions and regulatory approvals.
Vertiqal Studios announced a 30% decrease in revenue for Q2 2025 compared to the same period in 2024, primarily due to macroeconomic pressures and changes in platform monetization strategies, such as Snapchat’s tab merger. Despite these challenges, the company achieved a gross margin of 64% for the quarter and anticipates improved performance in future quarters, driven by seasonal advertising increases and new acquisition strategies.