Odd Burger Corporation (ODD) AI Stock Analysis

• Market Cap: C$20.67M
• Dividend Yield: N/A
• Average Volume (3M): 14.40K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.76
• Revenue Growth: -3.24%
• EPS Growth: 42.46%
• Country: CA
• Employees: 15
• Sector: Consumer Cyclical
• Sector Strength: 74
• Industry: Restaurants
• EPS (TTM): N/A
• Shares Outstanding: 98,435,020
• 10 Day Avg. Volume: 11,722
• 30 Day Avg. Volume: 14,401
• PEG Ratio: -22.59
• Price to Book (P/B): -6.33
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -39.72
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: ―

Odd Burger Corporation faces significant financial challenges with negative profitability and high leverage, heavily impacting its stock score. Technical indicators and valuation metrics also reflect a bearish outlook. While recent corporate events show potential for operational improvements, they are insufficient to offset the overall financial risks and market uncertainties.

Odd Burger Corporation Business Overview & Revenue Model

Company Description

Odd Burger Corporation operates as a plant-based technology company in Canada. It manufactures and distributes plant-based proteins and dairy alternatives through a food service product line that is used at corporate owned and franchised vegan restaurant locations. The company was founded in 2014 and is headquartered in London, Canada.

How the Company Makes Money

Odd Burger Corporation generates revenue primarily through the sale of its plant-based menu items at its fast-food restaurant locations. The company operates a chain of restaurants where customers can purchase meals directly. Additionally, Odd Burger may have franchising opportunities, allowing franchisees to open their own locations under the Odd Burger brand, which would provide another stream of income through franchise fees and royalties. Partnerships with food delivery services can also contribute to earnings by expanding the reach of their products to a broader audience. Overall, their revenue model focuses on direct consumer sales, franchising, and strategic partnerships to drive growth and profitability.

Odd Burger Corporation Financial Statement Overview

Summary

Odd Burger Corporation's financial performance is marked by consistent losses with negative net income and EBIT, high leverage, and poor cash flow generation. Despite some gross profit, the negative net margins and equity indicate significant solvency risks.

Income Statement

Odd Burger Corporation shows a volatile financial performance with consistent negative net income and EBIT, pointing to ongoing losses. The company demonstrated a gross profit margin of 20.1% TTM, but the negative net profit margin of -68.7% highlights severe profitability issues. Revenue growth is stagnant, with recent declines compared to past periods, indicating potential challenges in sustaining sales growth.

Balance Sheet

The balance sheet reflects significant financial distress, with a negative stockholders' equity of -$3.3M and a high debt-to-equity ratio that cannot be calculated due to negative equity. The total debt of $2.9M surpasses equity, indicating heavy reliance on debt financing. A negative equity ratio suggests the company is highly leveraged, posing a risk to financial stability.

Cash Flow

Cash flow analysis reveals negative operating and free cash flow, suggesting liquidity challenges. Operating cash flow to net income ratio is negative, indicating operational inefficiencies. The free cash flow to net income ratio also highlights cash flow difficulties, resulting in a need for external financing to sustain operations.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
3.09M	3.10M	3.24M	2.95M	1.17M	1.07M
	Gross Profit
623.15K	1.00M	843.84K	412.24K	-89.28K	-25.37K
	EBIT
-1.87M	-2.33M	-4.18M	-4.07M	-5.13M	-2.57M
	EBITDA
-1.45M	-1.36M	-3.63M	-3.45M	-4.82M	-2.35M
	Net Income Common Stockholders
-2.12M	-2.13M	-4.60M	-4.29M	-5.17M	-2.78M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
73.81K	61.47K	120.50K	436.08K	2.75M	453.32K
	Total Assets
4.60M	3.80M	4.42M	5.22M	7.03M	1.16M
	Total Debt
3.16M	3.02M	2.89M	2.28M	1.80M	1.20M
	Net Debt
3.09M	2.96M	2.77M	1.85M	-957.18K	749.49K
	Total Liabilities
6.77M	7.27M	6.21M	4.17M	3.43M	4.52M
	Stockholders Equity
-2.17M	-3.47M	-1.79M	1.05M	3.60M	-3.36M
Cash Flow		Free Cash Flow
-557.63K	-623.61K	-1.25M	-3.79M	-3.25M	-180.27K
	Operating Cash Flow
-556.78K	-621.56K	-1.25M	-2.52M	-1.09M	-66.38K
	Investing Cash Flow
275.65K	504.40K	102.30K	-936.90K	-1.51M	-113.89K
	Financing Cash Flow
233.87K	58.13K	832.05K	1.14M	4.89M	401.92K

Odd Burger Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.24
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:ODD, the sentiment is Positive. The current price of 0.24 is above the 20-day moving average (MA) of 0.22, above the 50-day MA of 0.24, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 54.71 is Neutral, neither overbought nor oversold. The STOCH value of 47.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:ODD.

Odd Burger Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ICE	66 Neutral	C$51.35M	18.58	5.42%	3.12%	9.07%	124.97%
Sector *	62 Neutral	$6.97B	11.36	2.77%	3.91%	2.66%	-22.00%
ODD	46 Neutral	C$20.67M	―		―	-3.24%	42.46%
PZRIF		$353.41M	15.65	10.29%	6.33%	―	―
AEG		C$31.98M	―	6.54%	―	―	―
MTYFF		$717.28M	135.41	1.11%	2.68%	―	―
GIII	26 Underperform	C$24.95M	―	93.93%	―	―	14.57%

Odd Burger Corporation Corporate Events

Odd Burger Expands Canadian Distribution with Dot Foods Deal

Odd Burger Corporation has announced a new distribution deal with Dot Foods Canada, which will significantly expand the reach of its plant-based products across Canada. This partnership will enhance Odd Burger’s ability to service national grocery and restaurant chains by providing a convenient distribution channel and a national pricing program. The deal is expected to simplify logistics and production processes, driving efficiency and potentially increasing revenue for the company.

Spark’s Take on TSE:ODD Stock

According to Spark, TipRanks’ AI Analyst, TSE:ODD is a Underperform.

Odd Burger Corporation faces severe financial challenges with persistent losses and high leverage, significantly impacting its stock score. While there are strategic initiatives like AI integration and franchise expansion, high financial risk and lack of clear technical momentum keep the overall score low.

To see Spark’s full report on TSE:ODD stock, click here.

Odd Burger Enhances AI Integration with New Board Appointment and Chatbot Launch

Odd Burger Corporation has appointed AI expert Graham Taylor to its board of directors, highlighting the company’s commitment to integrating artificial intelligence into its operations. This strategic move is expected to enhance Odd Burger’s technology platforms, potentially improving its market positioning in the fast-food industry. Additionally, the company has launched an AI chatbot to automate customer support, franchise sales, and investor relations, aiming to improve efficiency and response times. These developments underscore Odd Burger’s focus on leveraging AI to gain a competitive edge in the marketplace.

Odd Burger Pauses U.S. Expansion to Focus on Canadian Market

Odd Burger Corporation has decided to halt its U.S. expansion plans due to escalating political tensions and tariff uncertainties between Canada and the U.S. Instead, the company will focus on strengthening its Canadian manufacturing and franchise operations, aiming to capitalize on the growing demand for plant-based products in Canada. This strategic shift is expected to support Canadian companies transitioning to plant-based products and presents a growth opportunity for Odd Burger in its core market.

Odd Burger Halts U.S. Expansion Amid Tariff Concerns

Odd Burger Corporation has decided to halt its U.S. expansion plans due to escalating political tensions and tariff uncertainties between Canada and the U.S. Instead, the company will redirect its investment towards enhancing its Canadian manufacturing and franchise operations, capitalizing on the growing demand for plant-based products in Canada. This strategic shift aims to strengthen its core market presence and support Canadian companies in transitioning to locally made plant-based products.

Odd Burger Unveils U.S. Expansion Strategy and $2M Funding Initiative

Odd Burger Corporation has announced its strategy to expand into the U.S. market by replicating its successful Canadian model, which includes sourcing ingredients locally and building a manufacturing facility in the U.S. This approach aims to mitigate the impact of tariffs on Canadian goods and ensure a resilient supply chain. Additionally, the company has launched a $2 million private placement to fund its U.S. expansion, establishment of manufacturing facilities, and franchise operations across North America.

Odd Burger Reports First Quarter Financial Results and Strategic Shift

Odd Burger Corporation reported its first quarter financial results, highlighting a revenue increase of 6.2% over the previous quarter, though nearly flat compared to the same period last year. The company is transitioning towards a franchise model, which has led to a significant increase in franchise revenue, though this comes at the cost of lower per-unit revenue. This strategic shift is expected to facilitate long-term growth. Additionally, the company’s gross margin improved due to its focus on franchise growth, while salaries and wages decreased due to reduced staffing levels.