iCandy Interactive Ltd (ICI) AI Stock Analysis

• Market Cap: AU$20.49M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): 53.3
• Beta (1Y): 0.77
• Revenue Growth: -2.82%
• EPS Growth: N/A
• Country: AU
• Employees: 650
• Sector: Communication Services
• Sector Strength: 81
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): 0.00
• Shares Outstanding: 1,280,407,300
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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

iCandy Interactive Ltd’s overall stock score reflects stable financial performance with positive profitability and cash flow trends, albeit challenged by revenue growth and return on equity. The technical analysis suggests a neutral market position, lacking strong momentum. Valuation is a concern due to a high P/E ratio and absence of dividends, indicating potential overvaluation. These factors collectively contribute to a moderate stock score.

iCandy Interactive Ltd Business Overview & Revenue Model

Company Description

iCandy Interactive Ltd (ICI) is a prominent player in the digital entertainment sector, specializing in the development and publishing of mobile games. The company operates across the Asia-Pacific region, leveraging innovative technology and creative storytelling to engage a diverse audience. iCandy Interactive's core products include a portfolio of mobile games that cater to various genres, appealing to both casual and dedicated gamers.

How the Company Makes Money

iCandy Interactive Ltd primarily generates revenue through a combination of in-app purchases, advertising, and partnerships. The company's games are often free-to-play, which attracts a large user base, and monetization occurs through microtransactions within the game, where players purchase virtual goods or enhancements. Additionally, advertising revenue is generated from ad placements within their games, providing another income stream. iCandy Interactive may also engage in partnerships and collaborations with other gaming companies or technology firms to expand their reach and enhance their offerings, contributing to their overall earnings.

iCandy Interactive Ltd Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
26.11M	29.15M	1.94M	3.59M	2.24M
	Gross Profit
12.33M	4.26M	-2.06M	438.84K	-1.54M
	EBIT
-3.12M	-752.14K	-3.21M	-312.55K	-2.20M
	EBITDA
-7.85M	3.50M	-2.93M	755.44K	-1.22M
	Net Income Common Stockholders
-13.18M	-1.50M	-4.12M	-435.78K	-2.22M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
7.17M	19.02M	18.77M	11.83M	414.23K
	Total Assets
74.10M	93.25M	36.05M	17.75M	4.20M
	Total Debt
7.14M	6.13M	133.65K	201.97K	53.22K
	Net Debt
759.90K	-12.04M	-18.17M	-11.62M	-361.01K
	Total Liabilities
9.40M	10.31M	2.34M	2.30M	1.82M
	Stockholders Equity
64.56M	81.92M	33.62M	15.32M	2.51M
Cash Flow		Free Cash Flow
-13.44M	-3.92M	-2.24M	-1.15M	-1.13M
	Operating Cash Flow
-7.55M	-60.94K	-1.96M	530.74K	-963.21K
	Investing Cash Flow
-5.18M	-14.12M	-4.39M	-1.88M	-278.40K
	Financing Cash Flow
760.49K	14.03M	12.84M	12.73M	1.30M

iCandy Interactive Ltd Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ICI, 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 47.62 is Neutral, neither overbought nor oversold. The STOCH value of 500.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ICI.

iCandy Interactive Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	59 Neutral	$13.76B	7.65	-2.18%	3.85%	2.32%	-36.56%
ICI	57 Neutral	AU$20.49M	53.33	0.58%	―	-2.82%	―
RZI	50 Neutral	AU$66.88M	―	-0.11%	―	12.91%	73.27%
5GG	43 Neutral	AU$15.16M	―	-26.35%	―	5.54%	-3.85%
BRN	34 Underperform	$511.03M	―	-133.28%	―	72.47%	20.08%

iCandy Interactive Ltd Corporate Events

iCandy Interactive Launches ZKcandy Mainnet, Pioneering AI-Enabled Entertainment Ecosystem

iCandy Interactive Limited has announced the launch of the mainnet for its Web3 Layer 2 network joint venture, ZKcandy, marking its transition from testnet to a live environment. The mainnet launch follows a successful US$4 million seed funding round and aims to establish a next-generation AI-enabled entertainment ecosystem with features like immersive gameplay and AI-driven enhancements. This initiative is supported by iCandy’s expertise in mobile game development and a collaboration with Layer3 to enhance user acquisition and engagement.

iCandy Interactive Investigates Financial Misconduct Amidst ASX Suspension

iCandy Interactive Ltd is currently investigating alleged improper conduct by an external financial consultant, which involved the misuse of the company’s bank accounts for fund transactions over several years. Despite the ongoing investigation, iCandy’s directors believe there is no immediate impact on the company’s operations or solvency. However, the company’s securities remain suspended from quotation on the ASX until the completion of the investigation and the release of its audited financial statements for CY2024.

iCandy Interactive Faces Continued Suspension Amid Investigation

iCandy Interactive Limited, a company listed on the ASX, has announced that its securities will remain suspended from quotation. This suspension is due to an ongoing investigation into potential improper conduct by an external Australian financial consultant and the company’s failure to lodge its periodic report on time. The suspension will continue until the ASX is satisfied that iCandy Interactive is in compliance with the Listing Rules, which may impact the company’s operations and investor confidence.

iCandy Interactive Announces Director Retirement

iCandy Interactive Ltd announced the retirement of Director Marcus Ungar, effective immediately, due to his personal investment commitments. The board expressed gratitude for his contributions, which have been pivotal in the company’s growth and strategic direction. This change in leadership is significant for iCandy as it continues to navigate the competitive landscape of the video game industry.

iCandy Interactive Announces New Company Secretary and Office Relocation

iCandy Interactive Ltd has announced the appointment of Mr. Sonny Didugu as the new Company Secretary, effective immediately. This change also includes a shift in the company’s registered office to a new address in Sydney, Australia. The appointment of Mr. Didugu, a seasoned corporate lawyer and advisor, is expected to enhance the company’s compliance and communication with the Australian Securities Exchange. This strategic move may strengthen iCandy’s operational efficiency and industry positioning.

iCandy Interactive Reports Financial Turnaround Amid Revenue Decline

iCandy Interactive Ltd reported a 3% decrease in revenue for the year ending December 31, 2024, totaling $25,369,775. Despite the revenue drop, the company achieved a net profit of $381,564, a significant turnaround from the previous year’s loss of $13,180,640. This improvement is reflected in the profit per share, which rose to 0.029 cents from a loss of 1.01 cents last year. The company’s adjusted EBITDA also showed a substantial increase, indicating improved operational efficiency and financial health.