Wondr Gaming Corp (VRTS) AI Stock Analysis

• Market Cap: C$19.11M
• Dividend Yield: N/A
• Average Volume (3M): 255.36K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.59
• Revenue Growth: -3.78%
• EPS Growth: 88.40%
• Country: CA
• Employees: 21
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): >-0.01
• Shares Outstanding: 955,689,000
• 10 Day Avg. Volume: 281,484
• 30 Day Avg. Volume: 255,364
• PEG Ratio: 0.06
• Price to Book (P/B): -3.16
• Price to Sales (P/S): 2.60
• P/FCF Ratio: -11.69
• 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: 43 Neutral
• Price Target: C$0.02 ▼(-5.00% Downside)

The score is primarily held back by weak financial performance—heavy losses, ongoing cash burn, and negative equity that elevates financing risk. Technicals are broadly neutral with slightly negative momentum, and valuation provides limited support due to a negative P/E and no dividend yield.

Positive Factors

Revenue Growth Potential

The expanding esports and online gaming market provides a strong foundation for future revenue growth, leveraging increasing digital entertainment demand.

Business Model Diversification

A diversified business model with multiple revenue streams enhances resilience against market fluctuations and supports long-term growth.

Innovative Technology Platform

The proprietary technology platform positions Wondr Gaming as a leader in integrating gaming with social media, driving user engagement and monetization.

Negative Factors

High Leverage

High leverage increases financial risk, potentially limiting operational flexibility and increasing vulnerability to economic downturns.

Negative Cash Flows

Negative cash flows indicate operational challenges, requiring external financing for sustainability, which could strain future financial health.

Profitability Issues

Ongoing profitability issues highlight operational inefficiencies, necessitating cost management to achieve sustainable financial performance.

Wondr Gaming Corp Business Overview & Revenue Model

Company Description

Gamelancer Media Corp. a development stage technology and entertainment company. The company provides direct advertising services to brands through its social media channels, as well as focuses on acquiring assets on esports loyalty and rewards programs to unite the global gaming community. The company was formerly known as Gamelancer Gaming Corp. and changed its name to Gamelancer Media Corp. in September 2022. Gamelancer Media Corp. was incorporated in 1999 and is based in Toronto, Canada.

How the Company Makes Money

Wondr Gaming Corp generates revenue through multiple channels, primarily focusing on its technology platform that facilitates in-game advertising, brand partnerships, and sponsorship deals within the gaming space. The company earns money by charging brands for advertising placements within games, as well as through subscription models for premium gaming experiences. Additionally, Wondr Gaming partners with various game developers and publishers to enhance their monetization strategies, which may include revenue-sharing agreements. The growing popularity of esports and online gaming further bolsters the company's revenue potential, as it taps into the expanding audience and market for digital entertainment.

Wondr Gaming Corp Financial Statement Overview

Summary

Wondr Gaming Corp faces significant financial challenges, characterized by recurring losses, high leverage, and negative cash flows. Despite revenue growth, persistent profitability and liquidity issues overshadow any positive trends. The company needs to address operational inefficiencies and manage its debt levels to improve financial health and sustainability.

Income Statement

Wondr Gaming has shown some revenue growth over the years, but profitability remains a significant issue with persistent negative net income and EBIT margins. The company's gross profit margin is positive, but the substantial net losses and negative EBIT and EBITDA margins indicate operational inefficiencies and high costs relative to revenue.

Balance Sheet

The company has a very high debt-to-equity ratio due to negative stockholders' equity, indicating financial instability and high leverage. The equity ratio is negative, reflecting the company's reliance on debt financing and potential insolvency risk.

Cash Flow

Wondr Gaming's cash flow situation is challenging, with consistently negative operating and free cash flow, suggesting cash outflows exceed inflows. The operating cash flow to net income ratio is negative, indicating operational cash generation issues. This poses risks for liquidity and ongoing operations without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.69M	4.86M	4.85M	3.56M	186.92K	0.00
Gross Profit	3.16M	3.37M	3.44M	2.34M	107.27K	-22.29K
EBITDA	-4.39M	-808.87K	-50.40M	-9.52M	-9.30M	-1.91M
Net Income	-5.77M	-2.37M	-49.02M	-10.71M	-9.58M	135.85K
Balance Sheet
Total Assets	12.42M	4.87M	7.41M	49.56M	7.85M	57.48K
Cash, Cash Equivalents and Short-Term Investments	397.54K	506.13K	1.16M	556.80K	3.75M	53.59K
Total Debt	4.86M	5.64M	5.78M	3.99M	21.00K	63.80K
Total Liabilities	14.12M	8.86M	9.48M	17.21M	1.70M	30.75K
Stockholders Equity	-1.70M	-4.00M	-2.07M	32.35M	6.15M	26.73K
Cash Flow
Free Cash Flow	-2.81M	-1.08M	-3.63M	-5.74M	-4.67M	-275.11K
Operating Cash Flow	-2.81M	-952.07K	-3.63M	-5.48M	-4.66M	-91.41K
Investing Cash Flow	-679.35K	560.65K	-6.64M	-12.60M	-48.23K	-208.20K
Financing Cash Flow	3.72M	120.05K	10.86M	14.91M	8.20M	145.00K

Wondr Gaming Corp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.02
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:VRTS, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.19 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:VRTS.

Wondr Gaming Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
OAM	48 Neutral	C$31.83M	-2.73	-22.90%	―	45.36%	-200.67%
AIC	46 Neutral	C$6.49M	-8.84	―	―	-100.00%	90.84%
VRTS	43 Neutral	C$19.11M	-2.38	―	―	-3.78%	88.40%
EAGR	43 Neutral	C$20.79M	-1.79	-26.04%	―	-6.22%	-439.10%
EGLX	41 Neutral	C$7.16M	-0.06	-183.15%	―	-53.67%	-127.21%

Wondr Gaming Corp Corporate Events

Vertiqal Studios Sells Luminosity Gaming to Sharpen Focus on Core Digital Network

Vertiqal Studios has completed the sale of its Luminosity Gaming asset, which it previously acquired from Enthusiast Gaming, for C$300,000 plus an additional C$125,000 contingent payment tied to revenue generated under a new sales agency agreement. The divestiture is framed as a strategic move to streamline Vertiqal’s operations around its core social video network, proprietary monetization infrastructure, and operational platforms, while allowing Luminosity to rebuild under dedicated, independent ownership. Vertiqal will retain all historical debts, liabilities, and unpaid creator obligations associated with Luminosity prior to the sale, while remaining involved only as a non-exclusive commercial partner on select sales efforts. Management positions the transaction as a way to sharpen the company’s focus on its most scalable revenue opportunities, strengthen strategic partnerships, and better align its resources with industry tailwinds and new market opportunities in digital media and gaming-focused content.

The most recent analyst rating on (TSE:VRTS) stock is a Sell with a C$0.02 price target. To see the full list of analyst forecasts on Wondr Gaming Corp stock, see the TSE:VRTS Stock Forecast page.

Vertiqal Studios Strengthens Board with New Appointment

Vertiqal Studios has appointed Nikki Stone, a seasoned media executive with extensive experience in media, marketing, and commerce, to its Board of Directors. Stone’s expertise in transforming organizations and driving growth aligns with Vertiqal’s focus on expanding monetization opportunities and strengthening strategic brand partnerships. Her appointment is expected to support Vertiqal’s growth strategy and enhance its competitive position in the digital content industry.

Vertiqal Studios Sees Revenue Growth in Q3 2025 Amid Strategic Acquisitions

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 Secures Second Government Partnership in 2025

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 Secures $2.3 Million Through Convertible Debenture Offering

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.