A Business at a Glance
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The information included in this Report on Form 10-K should be read in conjunction with the consolidated financial statements and related notes in “Item 8. Financial Statements and Supplemental Data” of this Report. Our logo and some of our trademarks and tradenames are used in this Report. This Report also includes trademarks, tradenames and service marks that are the property of others. Solely for convenience, trademarks, tradenames, and service marks referred to in this Report may appear without the ®, ™ and SM symbols. References to our trademarks, tradenames and service marks are not intended to indicate in any way that we will not assert to the fullest extent under applicable law our rights or the rights of the applicable licensors if any, nor that respective owners to other intellectual property rights will not assert, to the fullest extent under applicable law, their rights thereto.
| Segment | 2024 | % of Total |
|---|---|---|
MeridianBet Group | $106M | 70% |
RKings & CFAC | $32M | 21% |
GMAG | $12M | 8% |
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue | 179M | 151M | 93M | 36M | 11M | - |
| Net Income | -5.4M | -1.5M | 14M | -250K | 398K | 1.8M |
| EPS | $-0.48 | $-0.12 | $1.92 | $-0.12 | $0.12 | $108.00 |
| Free Cash Flow | 26M | 17M | 18M | 2.7M | 1.9M | 1.5M |
| ROIC | -1.7% | 2.2% | 32.2% | -1.0% | 2.9% | 60.3% |
| Gross Margin | 56.8% | 58.6% | 73.4% | 25.4% | 28.6% | - |
| Debt/Equity | 0.25 | 0.37 | 0.07 | 0.09 | - | 0.01 |
| Dividends/Share | $0.00 | $0.06 | $0.25 | - | - | - |
| Operating Income | -2.9M | 2.7M | 14M | 192K | 399K | 1.8M |
| Operating Margin | -1.6% | 1.8% | 14.8% | 0.5% | 3.5% | - |
| ROE | -4.4% | -1.8% | 25.8% | -1.2% | - | 171.3% |
| Shares Outstanding | 12M | 12M | 7M | 2M | 3M | 0M |
Meridian Holdings Inc./NV passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 35.8x vs a median of 1.6x. The company's 5-year average ROIC is 19.3% with a gross margin of 46.5%. Total shareholder yield (dividends + buybacks) is 1.1%. At current prices, the estimated annualized return to fair value is +16.4%.
Meridian Holdings Inc./NV (GMGI) has a 5-year average return on invested capital (ROIC) of 19.3%. This indicates strong capital allocation and a potential competitive advantage.
Meridian Holdings Inc./NV (GMGI) has a market capitalization of $78M. It is classified as a small-cap stock.
Yes, Meridian Holdings Inc./NV (GMGI) pays a dividend with a trailing twelve-month yield of 0.94%. The company also returns capital through share buybacks, with a buyback yield of 0.16%.
Meridian Holdings Inc./NV (GMGI) operates in the Services-Prepackaged Software industry, within the Technology sector.
Meridian Holdings Inc./NV (GMGI) reported annual revenue of $151 million in its most recent fiscal year, based on SEC EDGAR filings.
Meridian Holdings Inc./NV (GMGI) has a net profit margin of -1.0%. The company is currently unprofitable.
Meridian Holdings Inc./NV (GMGI) generated $17 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Meridian Holdings Inc./NV (GMGI) has a debt-to-equity ratio of 0.37. This indicates a conservatively financed balance sheet.
Meridian Holdings Inc./NV (GMGI) reported earnings per share (EPS) of $-0.12 in its most recent fiscal year.
Meridian Holdings Inc./NV (GMGI) has a return on equity (ROE) of -1.8%. A negative ROE may indicate losses or negative equity.
Meridian Holdings Inc./NV (GMGI) has a 5-year average gross margin of 46.5%. This indicates decent pricing power.
The Ledger Terminal provides 10 years of financial data for Meridian Holdings Inc./NV (GMGI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Meridian Holdings Inc./NV (GMGI) has a book value per share of $8.52, based on its most recent annual SEC filing.
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