Company DescriptionFireFox Gold Corp. engages in the exploration and development of gold deposits in Finland. Its flagship properties include the Jeesio project covering approximately 142 square kilometers located in Lapland; and the Mustajarvi project covering 1.5 square kilometers situated in northern Finland. The company was formerly known as Silverstone Resources Corp. and changed its name to FireFox Gold Corp. in August 2017. FireFox Gold Corp. was incorporated in 2017 and is based in Vancouver, Canada.

How the Company Makes Money

FireFox Gold Corp. Financial Statement Overview

Summary

FireFox Gold Corp. faces significant challenges with zero revenue and substantial operating losses, indicating financial instability. The strong equity position with no debt provides some cushion, but the reliance on financing for cash needs poses risks. The company needs to focus on generating revenue to improve its financial health.

Income Statement

Very Negative

FireFox Gold Corp. has consistently reported zero revenue over multiple periods, indicating a lack of operational income. The company exhibits substantial negative EBIT and net income, reflecting ongoing expenses without offsetting revenue. The absence of revenue growth and high operating losses are significant weaknesses.

Balance Sheet

Neutral

The balance sheet shows a positive equity position with no debt, resulting in a favorable debt-to-equity ratio of zero. The stockholders' equity exceeds liabilities, which is a positive sign. However, the consistent net losses impact the return on equity negatively.

Cash Flow

Negative

The company has negative operating and free cash flows, indicating cash outflows from operations. While financing activities provide cash inflows, the reliance on external financing for cash needs can be a risk factor. The operating cash flow to net income ratio reflects challenges in translating accounting income into cash.

TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Breakdown
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
-19.96K	-25.25K	-32.77K	-38.53K	0.00	0.00
	EBIT
-2.12M	-2.88M	-3.62M	-5.28M	-2.78M	-2.22M
	EBITDA
-2.04M	-2.88M	-3.40M	-4.97M	-2.78M	-2.22M
	Net Income Common Stockholders
-2.12M	-3.14M	-3.58M	-5.29M	-2.79M	-2.22M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
551.19K	1.03M	713.75K	1.58M	2.04M	240.02K
	Total Assets
2.15M	2.57M	2.23M	3.06M	3.16M	1.17M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-551.19K	-1.03M	-713.75K	-1.58M	-2.04M	-240.02K
	Total Liabilities
752.54K	430.10K	262.96K	916.44K	162.45K	193.29K
	Stockholders Equity
1.39M	2.14M	1.96M	2.14M	3.00M	975.47K
Cash Flow		Free Cash Flow
-1.98M	-2.57M	-4.11M	-4.26M	-2.52M	-1.96M
	Operating Cash Flow
-1.98M	-2.57M	-4.04M	-4.01M	-2.41M	-1.85M
	Investing Cash Flow
-1.03K	0.00	-69.67K	-254.12K	-110.00K	-110.00K
	Financing Cash Flow
1.36M	2.89M	3.25M	3.80M	4.32M	1.28M

FireFox Gold Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FFOXF		$6.67M	―	-130.13%	―	―	―
Sector *	51 Neutral	$2.02B	-1.19	-21.37%	3.64%	2.88%	-30.57%
PPP	46 Neutral	C$18.87M	―	-80.10%	―	―	36.09%
PA	37 Underperform	C$7.88M	5.59	-313.29%	―	―	―
FDVXF		$5.92M	―		―	―	―
TRRFF		$6.01M	―	-12.24%	―	―	―
OZ	35 Underperform	C$7.13M	―	-12.76%	―	―	92.71%

* Basic Materials Sector Average

Performance Comparison

FFOXF

FireFox Gold Corp.

0.03

-0.01

-25.00%

TSE:PPP

Ethos Gold

0.18

-0.02

-10.00%

TSE:PA

Palamina

0.11

-0.05

-31.25%

FDVXF

FenixOro Gold

0.03

-0.05

-62.50%

TRRFF

Trifecta Gold

0.19

0.06

46.15%

TSE:OZ

Outback Goldfields Corp

0.23

0.03

15.00%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

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