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Leaf Mobile Inc
(TSX:EAGR)
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Rating:48Neutral
Price Target:
C$0.07
▲(15.00% Upside)
Action:Reiterated
Date:10/24/26
The score is held down primarily by weak financial performance (declining revenue, heavy losses, and negative operating/free cash flow) and bearish technical positioning (below key moving averages with negative MACD). This is partially offset by a more encouraging earnings call focused on profitability and efficiency (positive adjusted EBITDA and improving engagement/monetization), while valuation offers limited clarity due to negative earnings and no dividend.
Positive Factors
Improving Player Engagement
Higher stickiness indicates that the game portfolio is retaining a larger share of its active audience on a daily basis. More consistent engagement can support recurring in-game purchases, improve the return on content investment, and strengthen monetization durability over the next several quarters.
Negative Factors
Revenue and Profitability Deterioration
Declining revenue combined with deeply negative operating and net margins indicates that current scale is not covering the company’s cost base. Unless growth and efficiency improve, persistent losses could constrain investment in titles and reduce the company’s ability to absorb execution setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Player Engagement
Higher stickiness indicates that the game portfolio is retaining a larger share of its active audience on a daily basis. More consistent engagement can support recurring in-game purchases, improve the return on content investment, and strengthen monetization durability over the next several quarters.
Read all positive factors
Leaf Mobile Inc (EAGR) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.00M
Dividend YieldN/A
Average Volume (3M)34.24K
Price to Earnings (P/E)―
Beta (1Y)-0.06
Revenue Growth-21.31%
EPS Growth-374.52%
CountryCA
Employees100
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.32
Shares Outstanding76,946,280
10 Day Avg. Volume46,420
30 Day Avg. Volume34,243
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.87
Price to Sales (P/S)0.31
P/FCF Ratio-6.48
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)-0.01
Revenue Forecast (FY)C$96.90M
Leaf Mobile Inc Business Overview & Revenue Model
Company Description
East Side Games Group Inc., through its subsidiaries, develops, operates, and publishes free-to-play casual mobile games in Canada, the United States, and Europe. It also engages in the sale of in-game virtual items which enhances the game-playing...
Leaf Mobile Inc Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call emphasized a strategic pivot toward profitability and capital efficiency with concrete operational and product wins (positive adjusted EBITDA, improved stickiness, successful A/B tests, D2C gains, and potential platform fee reductions). At the same time, the company faces near-term top-line pressure from reduced UA spend, a $3.0M legal payment schedule, and ongoing bank debt/covenant considerations. Management has taken balancing actions (capital raise, new banking relationship) and plans to reaccelerate UA with disciplined payback targets, suggesting recovery potential.Positive Updates
Positive Adjusted EBITDA and Margin
Reported adjusted EBITDA of $1.36 million on revenue of $10.3 million in Q2 2026, representing an adjusted EBITDA margin of 13.2%.
Negative Updates
Top-Line Pressure from Reduced User Acquisition Spend
Q2 featured a significantly reduced user acquisition budget to prioritize capital efficiency and a 30-day ROAS target; management acknowledged the reduction impacted top-line revenue and revised guidance to reflect constraints into Q3.
Read all updates
Q2-2026 Updates
Positive
Negative
Positive Adjusted EBITDA and Margin
Reported adjusted EBITDA of $1.36 million on revenue of $10.3 million in Q2 2026, representing an adjusted EBITDA margin of 13.2%.
Read all positive updates
Company Guidance
Guidance focuses on improving adjusted EBITDA and disciplined cash management while materially expanding user-acquisition spend beginning mid‑August to target a 60‑day payback window (up from a prior 30‑day ROAS focus); the company reported Q2 revenue of $10.3M, adjusted EBITDA of $1.36M (13.2% margin), DAU of 118,872, ARPDAU of $0.95 and a stickiness (DAU/MAU) of 29.6% (+22% YoY), with D2C share rising to 13% from 11% in Q1. Management raised $2.95M in Q2, settled litigation for $3M ( $1M paid, remainder in four $500k semi‑annual payments), aims to eliminate bank debt aided by a new banking relationship starting mid‑August, and expects upside from Google Play’s Level Up (platform fees potentially cut from 30% to as low as 20% for IAP and 10% on the first $1M per game effective Oct 1, 2026); product A/B wins included an 8% revenue lift from a Bud Farm secondary season pass and a 26% ARPDAU increase in the U.S. for Cheech & Chong Bud Farm.Leaf Mobile Inc Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
58
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 62.58M | 77.58M | 83.12M | 86.98M | 116.28M | 93.19M |
| Gross Profit | 24.25M | 37.42M | 50.77M | 54.33M | 59.71M | 59.91M |
| EBITDA | -202.07K | -171.94K | 9.25M | 12.11M | 22.76M | 6.42M |
| Net Income | -25.14M | -18.94M | -925.21K | 86.67K | 10.76M | -1.88M |
Balance Sheet | ||||||
| Total Assets | 42.18M | 46.65M | 62.57M | 69.46M | 80.25M | 82.35M |
| Cash, Cash Equivalents and Short-Term Investments | 1.33M | 347.95K | 7.55M | 5.24M | 5.71M | 9.24M |
| Total Debt | 8.58M | 5.26M | 0.00 | 0.00 | 870.00K | 131.20K |
| Total Liabilities | 19.43M | 18.88M | 15.71M | 20.57M | 31.73M | 58.31M |
| Stockholders Equity | 22.75M | 27.76M | 46.86M | 48.88M | 48.52M | 24.03M |
Cash Flow | ||||||
| Free Cash Flow | -10.26M | -3.73M | 4.18M | 912.05K | 5.91M | -86.22K |
| Operating Cash Flow | -7.61M | -3.63M | 8.38M | 1.57M | 10.02M | 1.02M |
| Investing Cash Flow | -6.64M | -8.47M | -4.21M | -660.94K | -4.12M | 8.02M |
| Financing Cash Flow | 11.45M | 4.89M | -1.86M | -1.33M | -9.49M | -4.21M |
Leaf Mobile Inc Technical Analysis
Positive
0.06
Price Trends
0.07
Positive
0.07
Positive
0.13
Negative
Market Momentum
<0.01
Negative
57.54
Neutral
88.89
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:EAGR, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.07, and below the 200-day MA of 0.13, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.54 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:EAGR.
Leaf Mobile Inc Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | C$18.38M | -20.00 | -9.81% | ― | 30.09% | -307.50% | |
48 Neutral | C$5.00M | -0.20 | -89.00% | ― | -21.31% | -374.52% | |
45 Neutral | C$4.33M | -0.39 | 158.13% | ― | 35.39% | -184.44% | |
43 Neutral | C$4.90M | -23.08 | -5.94% | ― | -44.00% | 99.85% |
* Communication Services Sector Average
TSE:EAGR
Leaf Mobile Inc
0.07
-0.33
-83.33%
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Leaf Mobile Inc Corporate Events
Business Operations and StrategyPrivate Placements and Financing
East Side Games Group Restores Growth Capacity With New Credit Facilities
Positive
Oct 15, 2026
East Side Games Group has secured new credit facilities with National Bank of Canada and Export Development Canada, totaling a mix of revolving credit, tax credit-backed term loans and a US$4 million term loan, while fully repaying its prior facil...
Business Operations and StrategyFinancial Disclosures
East Side Games Group Slashes Costs and Refocuses Portfolio to Boost Profitability
Neutral
Sep 4, 2026
East Side Games Group has launched a broad cost-cutting and restructuring program aimed at shoring up its balance sheet and returning the mobile games publisher to sustainable profitability. The initiatives follow earlier savings measures and refl...
Business Operations and StrategyFinancial Disclosures
East Side Games Group Sets Date to Unveil Q2 2026 Results
Positive
Aug 7, 2026
East Side Games Group plans to release its financial results for the quarter ended June 30, 2026 after markets close on August 13, followed by a same-day conference call with investors to discuss its performance. The disclosure signals continued e...
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.