GoldSpot Discoveries (SPOT) AI Stock Analysis

• Market Cap: $20.67M
• Dividend Yield: N/A
• Average Volume (3M): 54.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: 53.16%
• EPS Growth: 33.43%
• Country: CA
• Employees: 32
• Sector: Technology
• Sector Strength: 45
• Industry: Software
• EPS (TTM): -0.09
• Shares Outstanding: 137,799,090
• 10 Day Avg. Volume: 27,900
• 30 Day Avg. Volume: 54,121
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.63
• Price to Cash Flow (P/CF): 7.70
• P/FCF Ratio: 143.00
• 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 reflects the company's strong revenue growth potential but is significantly offset by its profitability and cash flow challenges. The technical indicators suggest a bearish trend, while the negative P/E ratio highlights valuation concerns. These factors contribute to a cautious outlook for the stock.

GoldSpot Discoveries Business Overview & Revenue Model

Company Description

GoldSpot Discoveries (SPOT) is a technology company operating in the mining and resources sector, specializing in utilizing artificial intelligence (AI) and machine learning to enhance mineral exploration. The company offers a suite of AI-powered tools and services designed to optimize the discovery process, reduce exploration costs, and increase the success rate of finding economically viable mineral deposits. GoldSpot Discoveries collaborates with mining companies to analyze geological data, providing insights that drive more efficient exploration strategies.

How the Company Makes Money

GoldSpot Discoveries generates revenue primarily through service agreements with mining companies that engage its AI-driven exploration services. The company charges fees for the use of its proprietary technology platforms and consulting services, which include data analysis, modeling, and interpretation to aid in mineral discovery. Additionally, GoldSpot may earn royalties or equity stakes in mining projects where its technology has contributed to successful discoveries. The company's earnings are further bolstered by strategic partnerships with mining firms and potentially through collaborative research and development initiatives aimed at advancing mineral exploration techniques.

GoldSpot Discoveries Financial Statement Overview

Summary

GoldSpot Discoveries shows potential with improving revenue, but it faces significant profitability and cash flow challenges. While the balance sheet remains robust with low leverage, the company struggles to translate its operations into positive cash flow, posing risks to financial sustainability.

Income Statement

The company has experienced significant volatility in revenue, with a recent improvement in TTM revenue but a large increase in net losses. Gross profit margin is positive at 61.64%, yet net profit and EBIT margins are heavily negative, indicating profitability issues. The revenue growth rate is strong at 279.32% from 2023 to TTM 2024, but this is primarily attributed to recovering from a negative revenue in 2022.

Balance Sheet

The balance sheet shows a solid equity position with an equity ratio of 85.55%, suggesting financial stability. The debt-to-equity ratio remains low at 0.05, indicating low leverage risk. However, a declining return on equity, currently negative at -28.91% in TTM, points to inefficiencies in generating returns for shareholders.

Cash Flow

Free cash flow remains negative, albeit with a minor improvement in growth rate compared to previous years. The operating cash flow to net income ratio is negative, reflecting challenges in converting earnings into cash flow. The free cash flow to net income ratio is also negative, indicating ongoing cash flow struggles despite a slight reduction in cash outflows.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
7.32M	1.93M	-6.84M	16.12M	17.46M	2.96M
	Gross Profit
4.52M	686.28K	-8.01M	15.82M	17.46M	2.96M
	EBIT
-4.74M	-9.00M	-16.23M	4.08M	11.95M	-3.71M
	EBITDA
-12.37M	-17.27M	-24.19M	3.13M	11.97M	-4.58M
	Net Income Common Stockholders
-12.36M	-16.62M	-6.85M	11.04M	10.38M	-4.69M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.26M	42.46M	49.37M	49.73M	22.29M	9.63M
	Total Assets
9.98M	49.25M	63.27M	73.13M	23.73M	10.26M
	Total Debt
0.00	2.14M	139.51K	226.74K	281.58K	236.41K
	Net Debt
-7.78M	-3.09M	-25.21M	-6.33M	-4.19M	-4.53M
	Total Liabilities
695.40K	5.59M	5.18M	12.11M	5.34M	2.75M
	Stockholders Equity
9.29M	43.66M	58.10M	61.02M	18.29M	7.51M
Cash Flow		Free Cash Flow
-1.89M	-17.67M	18.65M	-10.74M	462.11K	82.89K
	Operating Cash Flow
-1.66M	-17.24M	18.66M	-9.44M	486.65K	663.50K
	Investing Cash Flow
-2.73M	-2.94M	206.11K	-8.39M	-700.34K	-4.17M
	Financing Cash Flow
-181.66K	56.30K	-74.22K	19.91M	-81.35K	6.91M

GoldSpot Discoveries Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPOT, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.16, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 36.89 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPOT.

GoldSpot Discoveries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	58 Neutral	$21.35B	10.05	-19.26%	2.35%	5.02%	-22.63%
SPOT	44 Neutral	$20.67M	―	-25.10%	―	53.16%	33.43%
GEMC	43 Neutral	C$1.35M	―	-16.29%	―	―	88.48%
NFG	37 Underperform	$495.28M	―	-89.92%	―	―	36.66%
NVO	36 Underperform	C$28.37M	―	-145.85%	―	―	―

GoldSpot Discoveries Corporate Events

EarthLabs Reports Strong Q3 Financial Growth

EarthLabs Inc. has reported a remarkable 219% increase in advertising revenue and a 46% rise in subscription revenue for the third quarter of 2024 compared to the same period last year. The company also saw substantial gains in its investment portfolio, reflecting a strong financial position with over $44 million in cash and investments. This financial growth highlights EarthLabs’ successful strategies in the data-driven media and technology market for the metals and mining sector.