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Playgon Games
(DEAL)
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Rating:42Neutral
Price Target:
C$0.01
▲(0.00% Upside)
Action:Reiterated
Date:09/06/26
The score is driven primarily by very weak financial performance: collapsing revenue, extremely negative margins, large ongoing losses, a highly stressed balance sheet with deeply negative equity, and continued cash burn. Valuation provides limited support due to a negative P/E and no dividend yield data, while technical analysis cannot be assessed because indicators were not provided.
Positive Factors
Multiple B2B Monetization Routes
The company has several potential B2B monetization routes rather than relying on one fee type. Revenue sharing can align with operator activity, while licensing and service fees may broaden commercialization options as content is integrated across eligible gambling platforms.
Negative Factors
Severe Revenue Collapse
The sharp contraction in revenue signals that operator monetization and business scale remain severely impaired. Such a low revenue base reduces operating leverage, weakens the company’s ability to fund product development, and makes any recovery dependent on a substantial improvement in commercial adoption.
Read all positive and negative factors
Positive Factors
Negative Factors
Multiple B2B Monetization Routes
The company has several potential B2B monetization routes rather than relying on one fee type. Revenue sharing can align with operator activity, while licensing and service fees may broaden commercialization options as content is integrated across eligible gambling platforms.
Read all positive factors
Playgon Games (DEAL) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.82M
Dividend YieldN/A
Average Volume (3M)49.13K
Price to Earnings (P/E)―
Beta (1Y)-0.39
Revenue Growth-94.26%
EPS Growth48.28%
CountryCA
Employees5
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.02
Shares Outstanding563,649,200
10 Day Avg. Volume19,248
30 Day Avg. Volume49,134
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.11
Price to Sales (P/S)112.78
P/FCF Ratio-0.80
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
Playgon Games Business Overview & Revenue Model
Company Description
Playgon Games Inc., established in Vancouver, Canada, in 1985, specializes in developing and licensing digital content for the online gaming market. The company provides a Daily Fantasy Sports (DFS) software and network, which it licenses to clien...
How the Company Makes Money
Playgon Games primarily makes money through B2B commercialization of its iGaming content and platform with online gambling operators. Revenue is generally generated when operators integrate and offer Playgon’s games to their end users, with earnin...
Playgon Games Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
9
Very Negative
| Breakdown | TTM | Mar 2026 | Jun 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.39K | 38.15K | 604.58K | 1.47M | 957.75K | 159.71K |
| Gross Profit | -1.80M | -89.34K | -5.26M | -1.53M | -8.21M | -6.64M |
| EBITDA | -6.31M | -6.12M | -10.25M | -12.21M | -13.23M | -11.56M |
| Net Income | -10.28M | -10.25M | -18.19M | -16.51M | -16.82M | -14.84M |
Balance Sheet | ||||||
| Total Assets | 1.58M | 715.04K | 1.22M | 5.51M | 8.21M | 17.08M |
| Cash, Cash Equivalents and Short-Term Investments | 94.70K | 101.76K | 378.56K | 208.45K | 206.78K | 5.93M |
| Total Debt | 35.59M | 31.72M | 26.67M | 16.00M | 6.93M | 1.34M |
| Total Liabilities | 46.23M | 40.86M | 33.65M | 20.87M | 10.63M | 3.29M |
| Stockholders Equity | -44.65M | -40.15M | -32.44M | -15.36M | -2.42M | 13.79M |
Cash Flow | ||||||
| Free Cash Flow | -6.29M | -5.35M | -9.08M | -11.48M | -11.22M | -11.69M |
| Operating Cash Flow | -6.29M | -5.35M | -9.07M | -11.36M | -11.19M | -11.21M |
| Investing Cash Flow | 0.00 | 0.00 | -3.95K | -126.26K | -29.63K | -480.56K |
| Financing Cash Flow | 6.18M | 5.08M | 9.22M | 11.50M | 5.52M | 16.86M |
Playgon Games Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | C$6.73M | -11.54 | 19.97% | ― | 1.76% | -160.87% | |
42 Neutral | C$2.82M | -0.24 | 24.97% | ― | -94.26% | 48.28% | |
42 Neutral | C$4.88M | -4.93 | 71.02% | ― | -3.38% | -37.25% | |
41 Neutral | C$11.06M | -1.11 | 46.34% | ― | -86.57% | 45.63% |
* General Sector Average
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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.