Playgon Games Inc. is a B2B software-as-a-service provider focused on the iGaming market in Europe. The company faces significant financial challenges, evidenced by a severely negative EBITDA margin of -8133.2% and a net margin of -14344.7%, indicating ongoing losses. Additionally, a current ratio of 0.02 raises liquidity concerns, suggesting potential difficulties in meeting short-term obligations. While the technology sector offers growth potential, these financial metrics highlight serious risks that investors should consider.
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Company has $195K in cash but burned $1.1M last quarter. At this burn rate, only 0.2 quarters of runway remain without additional financing.
Revenue fell 81.8% year-over-year from $1.2M to $216K. The decline has persisted for multiple quarters.
Company posted a loss of $-13.9M over the last year, representing 6437.3% of revenue.
Debt of $29.2M is 150.0x the company's cash position of $195K.
No significant opportunities identified
Based on current financial metrics
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Based on 2025-Q2 (June 30, 2025)