Company DescriptionSassy Resources Corporation, an exploration stage company, identifies, acquires, and explores for precious metal resources in Canada. It explores for gold and silver deposits. The company's flagship property is the Foremore property that consists of 35 mineral claims covering an area of 14,585 hectares located in the Eskay Creek District of British Columbia. It also has an option to acquire 100% interest in the Gander South, the Little River, the Hermitage, the Gander North, the Carmanville, the Cape Ray, the Mount Peyton, and the BLT properties located in Newfoundland. The company was incorporated in 2019 and is based in Vancouver, Canada.

How the Company Makes Money

Sassy Gold Corp Financial Statement Overview

Summary

Sassy Gold Corp confronts significant financial challenges, primarily due to the absence of revenue and persistent losses. Although the company has a strong equity position, the continuous cash outflows and negative operating and free cash flows threaten its financial health. Strategies focused on revenue generation and cost control are crucial to improving financial performance.

Income Statement

Very Negative

Sassy Gold Corp's income statement shows no revenue generation over multiple periods, which is critical for future growth and profitability. The company consistently reports negative EBIT and net income, indicating ongoing operational losses. The absence of revenue growth further exacerbates the situation, suggesting challenges in business operations or market conditions.

Balance Sheet

Negative

The balance sheet reflects a strong equity position with no debt, which provides financial stability and lower financial risk. However, the declining total assets and equity over time suggest potential cash burn and asset depletion. The equity ratio is robust, yet the lack of revenue and profitability may hinder sustainable growth.

Cash Flow

Very Negative

Cash flow statements reveal negative operating and free cash flows, highlighting cash outflows exceeding cash inflows. While the company has no debt, the reliance on financing activities in previous years to cover shortfalls is concerning. The absence of positive cash flow growth or efficiency ratios underscores ongoing liquidity challenges.

TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Breakdown
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00	0.00
	Gross Profit
0.00	0.00	0.00	0.00	0.00	0.00
	EBIT
-1.41M	-1.91M	-2.75M	-2.70M	-3.54M	-611.10K
	EBITDA
-13.90M	-13.67M	-2.75M	0.00	0.00	0.00
	Net Income Common Stockholders
-7.76M	-7.09M	-3.06M	3.78M	-3.14M	-1.59M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
817.88K	1.34M	4.57M	5.94M	7.59M	941.57K
	Total Assets
13.76M	14.49M	28.15M	25.15M	17.88M	3.74M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-154.74K	-96.57K	-1.00M	-1.73M	-7.59M	-941.57K
	Total Liabilities
487.97K	427.07K	863.75K	2.78M	4.92M	203.22K
	Stockholders Equity
13.93M	14.43M	21.48M	17.18M	12.96M	3.54M
Cash Flow		Free Cash Flow
-299.04K	-1.53M	-2.76M	-2.14M	-2.06M	-756.12K
	Operating Cash Flow
-299.04K	-1.53M	-2.26M	-1.81M	-1.96M	-666.36K
	Investing Cash Flow
270.93K	621.58K	-5.56M	-5.33M	-4.09M	-121.75K
	Financing Cash Flow
5.06K	0.00	7.09M	1.28M	12.70M	1.73M

Sassy 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
SSYRF		$425.62K	―	-39.25%	―	―	―
Sector *	51 Neutral	$2.02B	-1.14	-21.37%	3.64%	2.88%	-30.57%
GER		C$715.41K	―		―	―	―
GOCOF		$584.61K	―	-18.53%	―	―	―
CSRVF		$526.34K	―		―	―	―
OWN	32 Underperform	C$572.12K	―	-149.70%	―	―	68.79%
VC	21 Underperform	C$551.70K	―	-328.93%	―	―	24.71%

* Basic Materials Sector Average

Performance Comparison

SSYRF

Sassy Gold Corp

0.03

-0.11

-78.57%

TSE:GER

Glen Eagle Resources

0.01

0.00

0.00%

GOCOF

Go Metals

0.02

-0.04

-66.67%

CSRVF

Cross River Ventures

―

TSE:VC

Volatus Capital Corp.

0.02

0.01

100.00%

TSE:OWN

Rex Resources Corp.

0.07

-0.13

-65.00%

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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