Cypher Metaverse Inc (CODE.X) AI Stock Analysis

• Market Cap: C$566.93K
• Dividend Yield: N/A
• Average Volume (3M): 2.89K
• Price to Earnings (P/E): ―
• Beta (1Y): 5.46
• Revenue Growth: N/A
• EPS Growth: -44.15%
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 83
• Industry: Capital Markets
• EPS (TTM): -2.47
• Shares Outstanding: 1,435,276
• 10 Day Avg. Volume: 6,189
• 30 Day Avg. Volume: 2,893
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -4.30
• P/FCF Ratio: 0.00
• 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

Cypher Metaverse Inc faces significant financial challenges with declining revenue and persistent losses, severely impacting its financial performance score. Technical analysis indicates some positive momentum, but the valuation is unattractive due to negative earnings. The overall score reflects these significant financial challenges and mixed technical indicators.

Cypher Metaverse Inc Business Overview & Revenue Model

Company Description

Cypher Metaverse Inc (CODE) is a company engaged in the exploration and development of virtual reality (VR) and augmented reality (AR) technologies. Operating in the emerging metaverse sector, the company focuses on creating immersive digital experiences and environments that blend the physical and digital worlds. Cypher Metaverse Inc aims to provide innovative solutions and platforms that facilitate social interaction, commerce, and entertainment in the metaverse.

How the Company Makes Money

Cypher Metaverse Inc makes money through various revenue streams primarily centered around its virtual reality and augmented reality offerings. The company generates income by developing and licensing VR and AR software and applications to businesses and consumers. Additionally, it earns revenue through partnerships with other companies in the technology and entertainment sectors, enabling the integration of its solutions into broader commercial ecosystems. Cypher Metaverse Inc may also benefit from selling digital goods, virtual real estate, and advertising within its metaverse platforms, thus diversifying its income sources.

Cypher Metaverse Inc Financial Statement Overview

Summary

The company faces significant financial challenges, including declining revenues, persistent losses, and negative cash flows. The absence of debt reduces financial risk, but the inability to generate positive cash flows and profits is concerning. The equity base provides some stability, but continuous operational losses threaten long-term viability.

Income Statement

The company has shown consistent revenue declines with negative total revenue reported in several years. The TTM (Trailing-Twelve-Months) revenue is positive but minimal. There is a persistent negative net income indicating significant challenges in profitability. Margins such as gross profit margin and net profit margin are unfavorable, highlighting inefficiencies and high costs relative to revenue.

Balance Sheet

The company maintains a solid equity base compared to its total assets, reflected in a strong equity ratio. With zero debt, there's no immediate financial leverage risk. However, the continuous erosion of stockholders' equity due to persistent losses is a concern. The high cash balance relative to total liabilities provides some liquidity assurance.

Cash Flow

The company experiences negative operating cash flows, indicating operational struggles to generate cash. Free cash flow is consistently negative, suggesting that the company is not generating enough cash to cover its capital expenditures. The reliance on financing activities to support cash flows indicates potential sustainability issues in the long term.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
27.89K	-2.09K	-800.78K	-1.04M	-1.35M	315.16K
	Gross Profit
27.89K	-2.09K	-853.15K	-1.51M	-1.35M	315.16K
	EBIT
-932.57K	-1.62M	-3.25M	-13.29M	-4.03M	-5.33M
	EBITDA
-904.75K	-1.56M	-2.98M	-10.09M	-4.03M	-2.50M
	Net Income Common Stockholders
-896.78K	-1.56M	-3.25M	-13.29M	-4.03M	-4.96M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
―	44.22K	1.86M	3.10M	894.55K	79.28K
	Total Assets
932.74K	1.01M	2.16M	4.37M	3.12M	2.22M
	Total Debt
0.00	0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.75K	-44.22K	-1.86M	-3.10M	-894.55K	-79.28K
	Total Liabilities
280.27K	149.01K	91.34K	162.12K	158.46K	210.06K
	Stockholders Equity
652.48K	860.03K	2.07M	4.20M	2.96M	2.01M
Cash Flow		Free Cash Flow
-500.03K	-1.59M	-2.43M	-4.92M	-1.88M	-2.55M
	Operating Cash Flow
-500.03K	-1.59M	-2.27M	-4.28M	-1.88M	-2.55M
	Investing Cash Flow
-207.38K	-577.26K	-70.58K	-838.70K	-459.95K	-1.21M
	Financing Cash Flow
418.44K	355.06K	1.09M	7.33M	3.15M	2.85M

Cypher Metaverse Inc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:CODE.X, the sentiment is Negative. The current price of 0.4 is below the 20-day moving average (MA) of 0.47, below the 50-day MA of 0.60, and below the 200-day MA of 0.45, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 36.16 is Neutral, neither overbought nor oversold. The STOCH value of 31.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:CODE.X.

Cypher Metaverse Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLXY	67 Neutral	$7.14B	20.53	8.74%	―	―	-82.47%
Sector *	63 Neutral	$12.32B	9.52	7.89%	79.24%	12.74%	-4.55%
HIVE	50 Neutral	$392.07M	―	-2.15%	―	27.99%	90.99%
DMGI	50 Neutral	C$52.84M	―	-15.61%	―	17.68%	-278.21%
BITF	46 Neutral	$735.01M	―	-11.98%	―	33.77%	61.73%
CODE.X	35 Underperform	C$566.93K	―	-109.66%	―	―	-44.15%

Cypher Metaverse Inc Corporate Events

Cypher Metaverse Inc. Completes $939K Financing and Appoints New CFO

Cypher Metaverse Inc. has successfully closed its previously announced LIFE Financing and Common Share Financing, raising $939,705.99 through the sale of 1,978,330 common shares at $0.475 per share. The funds will be used for working capital and general corporate purposes. The company also announced the appointment of Michael Hopkinson as the new Chief Financial Officer following Tatiana Kovaleva’s retirement.

Cypher Metaverse Initiates $939K Private Placement for Expansion

Cypher Metaverse Inc. has announced a private placement of up to $939,707.70 through the issuance of 1,978,332 common shares at $0.475 per share. The funds raised will be used for working capital and general corporate purposes, with securities not subject to a hold period under Canadian laws, potentially enhancing the company’s liquidity and operational flexibility.

Cypher Metaverse Inc. Announces $939,707.70 Private Placement

Cypher Metaverse Inc. has announced a non-brokered private placement financing of up to 1,978,332 common shares at a price of $0.475 per share, aiming to raise approximately $939,707.70. The proceeds will be used for working capital and corporate purposes, with the offering targeting Canadian residents outside Quebec and benefiting from the Listed Issuer Financing Exemption, allowing for immediate trading of shares without a hold period.

Cypher Metaverse Inc. Enhances Digital Innovation Strategy

Cypher Metaverse Inc. has appointed Jake Chernoff as a technology consultant to spearhead the development of its metaverse holdings. With extensive experience in cryptocurrency and blockchain, Chernoff will lead initiatives like the upcoming launch of a virtual luxury lounge, aiming to create innovative digital experiences and explore new opportunities. This move underscores Cypher’s commitment to investing in emerging technologies and shaping the future of the digital landscape.

Cypher Metaverse Expands with Virtual Lounge Plans

Cypher Metaverse Inc. is expanding its presence in the Metaverse by developing virtual lounge experiences, set to launch early next year. The company aims to enhance social interactions in virtual settings through advanced technology and explore new investment opportunities as the adoption of cryptocurrency and blockchain grows.