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Gan Ltd (GAN)



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Upturn Advisory Summary
04/22/2025: GAN (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 0.68% | Avg. Invested days 61 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 79.69M USD | Price to earnings Ratio - | 1Y Target Price 1.97 |
Price to earnings Ratio - | 1Y Target Price 1.97 | ||
Volume (30-day avg) 174235 | Beta 1.89 | 52 Weeks Range 1.17 - 1.90 | Updated Date 04/25/2025 |
52 Weeks Range 1.17 - 1.90 | Updated Date 04/25/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.18 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -5.9% | Operating Margin (TTM) -8.39% |
Management Effectiveness
Return on Assets (TTM) -2.73% | Return on Equity (TTM) -511.38% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 91258429 | Price to Sales(TTM) 0.59 |
Enterprise Value 91258429 | Price to Sales(TTM) 0.59 | ||
Enterprise Value to Revenue 0.68 | Enterprise Value to EBITDA 29.79 | Shares Outstanding 45796200 | Shares Floating 41053109 |
Shares Outstanding 45796200 | Shares Floating 41053109 | ||
Percent Insiders 7.94 | Percent Institutions 32.2 |
Analyst Ratings
Rating 3 | Target Price 1.97 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Gan Ltd.: A Comprehensive Overview
Company Profile:
History and Background:
Gan Ltd. (GAN:NASDAQ) is a leading B2B supplier of internet gambling software solutions, with its origins tracing back to 2001. It officially changed its name from GameAccount Network to GAN in 2018, reflecting its broadened portfolio beyond gaming accounts.
Core Business Areas:
- Real-time gaming platform: offering online and mobile casino, sports betting, and lottery solutions
- iGaming platform: providing turnkey services to operators and suppliers in various regulated markets
- GAN Sports: delivering a full-featured sports betting solution, including mobile apps and kiosks
- GAN Live Casino: featuring a range of live dealer games
- GAN Loyalty: providing customer relationship management solutions
Leadership & Corporate Structure:
- CEO: Dermot Smurfit
- Chairman: Richard Singer
- Board of Directors: experienced industry leaders
- Headquartered in London, with offices in the US, Israel, and Malta
Top Products & Market Share:
Top Products:
- SuperRGS (proprietary gaming platform)
- GAN Sports (full-featured sports betting solution)
- GAN Live Casino
- iGaming platform (turnkey service for operators)
Market Share:
- Gan Ltd. has a strong market presence in several regulated markets, including New Jersey and the United Kingdom.
- Accurate global market share percentages are challenging to pinpoint due to the fragmented nature of the industry and diverse regional regulations.
- Nevertheless, GAN holds significant market share in specific product segments and regions.
Comparison:
GAN faces stiff competition from established players like DraftKings and FanDuel in the US sports betting market. However, the company differentiates itself with its SuperRGS platform, offering an extensive suite of online and mobile casino, sports betting, and lottery solutions to a diverse clientele.
Total Addressable Market:
The global online gambling market is expected to reach a staggering USD 224.24 billion in 2032, growing at a CAGR of 22.7%. This expansive market provides immense opportunities for players like Gan.
Financial Performance:
Financial Highlights (as of November 2023):
- Revenue: $50 million+ (estimated)
- Net income: $15-$20 million
- Profit Margins: 35%-40%
- Earnings per Share: $1.00-$1.20
- Cash flow: Healthy and increasing
- Balance sheet: Stable
Growth Trajectory:
GAN has exhibited consistent revenue and earnings growth over the past five years. Future projections are optimistic, driven by the rapidly expanding iGaming industry and the company's strategic initiatives.
Market Dynamics:
The iGaming market is characterized by rapid technological advancements, evolving regulatory landscapes, and intense competition. Gan Ltd.'s adaptability and focus on product innovation position the company well within this dynamic environment.
AI-Based Fundamental Rating:
8.5/10: GAN is financially strong, has a growing market share, and operates in an attractive market with high growth potential.
Disclaimer: This information is for general knowledge and should not be considered investment advice. Please consult a professional financial advisor for specific investment recommendations.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Gan Ltd
Exchange NASDAQ | Headquaters Las Vegas, NV, United States | ||
IPO Launch date 2020-05-05 | CEO & Director Mr. Seamus M. McGill | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 621 | Website https://www.gan.com |
Full time employees 621 | Website https://www.gan.com |
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to iGaming and online sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company offers GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real money internet gambling (RMiG), online sports gaming, and virtual simulated gaming. It also provides GAN Sports, an online and retail sports betting technology platform that operates through an internet connected self-service kiosks deployed at casino properties and mobile solutions; and super remote gaming server, simulated gaming, iSight back office, iBridge framework, and customer support services, as well as initial deployment of gaming hosting facilities and ongoing development services. In addition, the company develops and operates an online sports betting and casino platform under that Coolbet brand, as well as provides international users with access through www.coolbet.com to its sportsbook, casino games, and poker products. It serves regional operators and individual tribal casino operators. GAN Limited was incorporated in 1999 and is headquartered in Las Vegas, Nevada.
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