SPIRIT Blockchain Capital, Inc. (SPIR) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 283.87K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.68
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: CA
• Employees: N/A
• Sector: Financial
• Sector Strength: 83
• Industry: Financial - Capital Markets
• EPS (TTM): N/A
• Shares Outstanding: 119,136,110
• 10 Day Avg. Volume: 303,698
• 30 Day Avg. Volume: 283,872
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• Price to Cash Flow (P/CF): -7.50
• 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

The overall score is driven by significant financial challenges including high leverage, negative equity, and cash flow issues. While there is some revenue growth and technical stability, the valuation lacks clarity due to missing metrics, leading to an overall cautious outlook.

SPIRIT Blockchain Capital, Inc. Business Overview & Revenue Model

Company Description

SPIRIT Blockchain Capital, Inc. (SPIR) is a financial services company operating in the blockchain and digital asset sectors. The company focuses on providing investment opportunities and capital growth strategies within the blockchain industry. SPIRIT Blockchain Capital offers a range of products and services, including asset management and advisory services, aimed at leveraging the transformative potential of blockchain technology for its clients.

How the Company Makes Money

SPIRIT Blockchain Capital, Inc. generates revenue through a diversified model that includes management fees from its asset management services, performance fees based on the success of its investment strategies, and advisory fees for consulting services related to blockchain technology. The company collaborates with institutional investors, leveraging its expertise in the blockchain space to deliver tailored investment solutions and strategic advice. Key partnerships with blockchain technology companies and financial institutions enhance its service offerings and contribute to its earnings.

SPIRIT Blockchain Capital, Inc. Financial Statement Overview

Summary

SPIRIT Blockchain Capital, Inc. demonstrates revenue growth but faces challenges in profitability and financial stability. The balance sheet shows high leverage and negative equity, posing solvency risks. Cash flow remains negative despite improvements, indicating ongoing operational difficulties.

Income Statement

The company shows a significant improvement in revenue from 2022 to 2023, indicating positive growth. However, it still operates at a loss, with negative net and EBIT margins. The gross profit margin is positive, yet the net profit margin remains negative, highlighting operational inefficiencies.

Balance Sheet

The balance sheet is concerning with high leverage, indicated by negative stockholders' equity and significant total debt. The equity ratio is negative, demonstrating financial instability and potential solvency risks. Improvement from previous years' equity deficit is noted but remains insufficient.

Cash Flow

The company has improved its operating cash flow deficit from 2022, but it still remains negative. The free cash flow is also negative, showing challenges in generating cash. Positive investing cash flow indicates some capital management, yet financing cash flow implies reliance on external funding.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021
Income Statement		Total Revenue
55.30K	112.30K	-890.74K	-52.95K
	Gross Profit
55.30K	112.30K	-890.74K	-52.95K
	EBIT
-1.04M	-1.56M	-2.40M	-10.24M
	EBITDA
-1.82M	-1.94M	-3.39M	-10.28M
	Net Income Common Stockholders
-2.38M	-1.97M	-3.39M	-10.19M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
48.26K	375.49K	295.48K	1.32M
	Total Assets
1.06M	1.14M	738.92K	4.04M
	Total Debt
0.00	1.21M	0.00	0.00
	Net Debt
-48.26K	835.85K	-269.21K	-684.95K
	Total Liabilities
757.90K	2.14M	646.69K	278.60K
	Stockholders Equity
302.17K	-1.00M	92.23K	3.76M
Cash Flow		Free Cash Flow
-1.08M	-1.06M	-1.54M	-2.58M
	Operating Cash Flow
-1.08M	-1.06M	-1.24M	-675.75K
	Investing Cash Flow
1.00M	809.35K	816.78K	-2.13M
	Financing Cash Flow
68.08K	343.08K	0.00	3.41M

SPIRIT Blockchain Capital, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPIR, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.09, and below the 200-day MA of 0.13, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 39.10 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPIR.

SPIRIT Blockchain Capital, 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	7.97%	79.23%	12.77%	-4.57%
HIVE	50 Neutral	$392.07M	―	-2.15%	―	27.99%	90.99%
DMGI	50 Neutral	C$52.84M	―	-15.61%	―	17.68%	-278.21%
HUT	49 Neutral	C$1.86B	3.83	2.56%	―	199.41%	―
BITF	46 Neutral	$735.01M	―	-11.98%	―	33.77%	61.73%
SPIR	39 Underperform		―	196.32%	―	―	―

SPIRIT Blockchain Capital, Inc. Corporate Events

Spirit Blockchain Capital Secures Second Tranche of Private Placement to Fuel Growth

Spirit Blockchain Capital has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of $145,696.49 through the issuance of 883,009 units. The funds will be used to accelerate revenue expansion, enhance investor relations, and support corporate operations. Despite regulatory delays, the company maintains strong partnerships with international investors, emphasizing confidence in its vision and strategy. Spirit Blockchain Capital continues to position itself as a trusted innovator in the blockchain and digital asset space, committed to delivering sustainable value for shareholders.

Spirit Blockchain Capital Strengthens Position Through Strategic Debt Conversion

Spirit Blockchain Capital Inc. has successfully completed a debt conversion with EOS Network Ventures, issuing common shares to settle a $1.1 million debt, which strengthens its balance sheet and validates its strategic vision. This partnership with a significant blockchain player underscores Spirit’s commitment to leveraging blockchain technology for innovative financial solutions, aiming to transform the role of blockchain in modern finance and support the development of decentralized financial ecosystems.

Spirit Blockchain Welcomes New Financial Leadership

Spirit Blockchain Capital Inc. has appointed Joanna Lipfeld as its new Chief Financial Officer, bringing over 25 years of experience in financial management and strategic leadership. Her extensive background in securing capital and delivering above-average returns will be instrumental in the company’s growth in the blockchain and digital asset sectors. Spirit Blockchain is excited about the potential her leadership brings to their innovative investment strategies.

Spirit Blockchain Capital’s New Dogecoin Yield Strategy

Spirit Blockchain Capital Inc. is launching a yield generation strategy for its Dogecoin holdings to enhance shareholder value and optimize its digital asset treasury. The initiative leverages market trends and strategic partnerships to capitalize on Dogecoin’s growth potential and real-world adoption.

Spirit Blockchain Capital Raises $1.3M in Private Placement

Spirit Blockchain Capital has closed the first tranche of its private placement, raising over $1.3 million by issuing units that include shares and warrants. The funds will be used to accelerate revenue growth, improve investor relations, and support corporate operations, with the company expecting additional subscriptions to close soon.

Spirit Blockchain Acquires Dogecoin Holdings

Spirit Blockchain Capital has announced its acquisition of Dogecoin Portfolio Holdings Corp., aiming to strengthen its position in the blockchain and digital asset realm. This move involves issuing 14 million common shares and warrants to Dogecoin Holdings shareholders, facilitating a strategic integration that promises long-term value for both parties.

Spirit Blockchain Acquires Dogecoin Portfolio Holdings

Spirit Blockchain Capital has announced its acquisition of Dogecoin Portfolio Holdings Corp., enhancing its role in the blockchain and digital asset management sectors. This move aims to leverage Dogecoin’s large user base and its cultural significance to attract more investors and boost innovation in digital asset products.

Spirit Blockchain Strengthens Position with New Acquisition

Spirit Blockchain Capital Inc. has acquired Dogecoin Portfolio Holding Corp., strengthening its position in the Dogecoin ecosystem and expanding opportunities for both retail and institutional investors. This move reflects the company’s commitment to transforming asset management through tokenization, offering secure and transparent investment options.