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Gaming Corps AB
(GCOR)
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Rating:43Neutral
Price Target:
kr0.73
▼(-36.26% Downside)
Action:Reiterated
Date:10/27/26
The score is primarily held down by weak financial performance—persistent large losses, ongoing cash burn, and a materially weakened balance sheet with deeply negative equity. Technical indicators are broadly neutral with only modest momentum signals, and valuation is constrained by negative earnings (negative P/E) with no dividend yield data to offset profitability risk.
Positive Factors
Revenue Growth
Revenue growth of about 20% in the latest TTM period, extending a multi-year uptrend, indicates continued demand for the studio’s content and broader distribution. If sustained, this expanding base can improve operating leverage and provide a foundation for eventual profitability.
Negative Factors
Deeply Negative Equity
Deeply negative equity materially weakens the balance sheet and reduces financial flexibility. It raises the importance of external capital to support operations, while any recapitalization could create dilution risk and constrain management’s ability to invest in growth on favorable terms.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth of about 20% in the latest TTM period, extending a multi-year uptrend, indicates continued demand for the studio’s content and broader distribution. If sustained, this expanding base can improve operating leverage and provide a foundation for eventual profitability.
Read all positive factors
Gaming Corps AB (GCOR) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr93.37M
Dividend YieldN/A
Average Volume (3M)90.50K
Price to Earnings (P/E)―
Beta (1Y)0.03
Revenue Growth57.81%
EPS Growth9.24%
CountrySE
Employees33
SectorConsumer Cyclical
Sector Strength84
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.28
Shares Outstanding145,441,530
10 Day Avg. Volume118,821
30 Day Avg. Volume90,502
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)-19.11
Price to Sales (P/S)3.21
P/FCF Ratio-8.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Gaming Corps AB Business Overview & Revenue Model
Company Description
Established in 2013, Gaming Corps AB (publ) is a Swedish company specializing in the creation of digital games and interactive media. The firm operates from its headquarters in Stockholm....
How the Company Makes Money
Gaming Corps primarily makes money by developing casino games and licensing/distributing that content to online casino operators through platform integrations (often via third-party aggregators). Revenue is typically generated when its games are m...
Gaming Corps AB Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
22
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.89M | 48.68M | 35.40M | 31.12M | 12.41M | 2.36M |
| Gross Profit | -13.03M | -26.94M | 1.07M | -1.32M | -25.06M | -22.30M |
| EBITDA | -30.08M | -25.20M | -23.43M | -20.55M | -22.30M | -20.43M |
| Net Income | -40.00M | -40.60M | -23.70M | -24.08M | -24.44M | -22.45M |
Balance Sheet | ||||||
| Total Assets | 36.75M | 30.25M | 30.53M | 17.56M | 21.98M | 14.95M |
| Cash, Cash Equivalents and Short-Term Investments | 1.46M | 7.29M | 11.83M | 1.48M | 9.59M | 288.63K |
| Total Debt | 2.60M | 3.13M | 4.82M | 10.00M | 4.00M | 6.50M |
| Total Liabilities | 60.73M | 38.41M | 18.34M | 15.88M | 8.55M | 9.99M |
| Stockholders Equity | -23.99M | -8.17M | 12.18M | 1.68M | 13.43M | 4.95M |
Cash Flow | ||||||
| Free Cash Flow | -17.05M | -19.18M | -21.76M | -22.58M | -24.00M | -28.79M |
| Operating Cash Flow | -10.21M | -19.01M | -21.76M | -22.58M | -23.83M | -22.00M |
| Investing Cash Flow | -16.44M | -11.57M | -4.50M | 0.00 | -167.71K | -5.50M |
| Financing Cash Flow | 21.87M | 26.03M | 36.61M | 14.47M | 33.30M | 5.50M |
Gaming Corps AB Technical Analysis
Negative
1.15
Price Trends
0.78
Negative
0.73
Negative
0.83
Negative
Market Momentum
-0.01
Positive
35.82
Neutral
14.06
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GCOR, the sentiment is Negative. The current price of 1.15 is above the 20-day moving average (MA) of 0.75, above the 50-day MA of 0.78, and above the 200-day MA of 0.83, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 35.82 is Neutral, neither overbought nor oversold. The STOCH value of 14.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:GCOR.
Gaming Corps AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr246.40M | 277.61 | 0.31% | 17.53% | -4.32% | ― | |
68 Neutral | kr31.65M | 2.21 | ― | ― | -36.26% | ― | |
64 Neutral | kr483.69M | 20.93 | 5.13% | 3.07% | -19.67% | -68.42% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | kr1.26B | -0.68 | ― | 18.89% | -11.07% | -734.06% | |
50 Neutral | kr3.18B | -1.59 | ― | ― | -11.82% | 73.35% | |
43 Neutral | kr93.37M | -2.33 | 406.23% | ― | 57.81% | 9.24% |
* Consumer Cyclical Sector Average
SE:GCOR
Gaming Corps AB
0.64
-0.50
-43.68%
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SE:NITRO
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SE:EG7
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14.22
-2.78
-16.35%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.