Neogames S.A Receives Warning from Nasdaq for Non-Compliance
April 29, 2023
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Neogames ($NASDAQ:NGMS) S.A, one of the leading companies in the online gaming industry, has recently received a warning from the Nasdaq stock exchange. The notice of deficiency indicated that Neogames was not in compliance with Nasdaq listing requirements and needed to take corrective action. Neogames S.A is a publicly traded company listed on the Nasdaq Global Market. It specializes in the development and marketing of online gaming products and services. Its portfolio includes titles such as Grand Theft Auto Online, League of Legends, and Star Wars: Battlefront.
The warning from the Nasdaq could have serious implications for Neogames S.A and its shareholders. The company needs to take immediate action to remedy the situation and ensure that its financial statements are compliant with listing requirements. If Neogames fails to do so, it could face delisting from the stock exchange and potential legal action from investors.
Price History
The stock market value opened at $13.0 on Friday and closed at $13.4, providing a 1.4% increase from the previous closing price of $13.3. If the company is unable to do so, its securities may be delisted from the exchange. While the warning received by NEOGAMES S.A is not a delisting notice, the company faces a significant challenge in order to remain compliant with the Nasdaq listing standards. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Neogames S.a. More…
| Total Revenues | Net Income | Net Margin |
| 165.7 | -18.96 | -4.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Neogames S.a. More…
| Operations | Investing | Financing |
| 14.91 | -6.28 | -2.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Neogames S.a. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 458.44 | 320.4 | 5.27 |
Key Ratios Snapshot
Some of the financial key ratios for Neogames S.a are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 71.1% | – | -8.8% |
| FCF Margin | ROE | ROA |
| -7.1% | -6.7% | -2.0% |
Analysis
GoodWhale has conducted an analysis of NEOGAMES S.A.’s fundamentals, and determined that it is a medium risk investment when considering both financial and business aspects. This is based on our proprietary Risk Rating system, which evaluates how vulnerable the company is to potential risks. We have also detected 1 risk warning in the cashflow statement of NEOGAMES S.A. To learn more about this risk and to get a full evaluation of the company, register on goodwhale.com and use our comprehensive suite of tools. Our goal is to help you make informed decisions about your investments. More…
Peers
The company has a strong presence in Europe, North America, and Asia-Pacific. NeoGames SA’s main competitors are Frontier Developments PLC, SocialPlay USA Inc, and Feiyu Technology International Co Ltd.
– Frontier Developments PLC ($LSE:FDEV)
Frontier Developments PLC is a British video game developer founded in 1994 by David Braben. The company is based in Cambridge, England. The company develops video games for personal computers and video game consoles. The company’s most recent releases include Elite Dangerous and Planet Coaster. Frontier Developments PLC has a market capitalization of 527.48 million as of 2022 and a return on equity of 0.83%. The company develops and publishes video games for personal computers and video game consoles.
– SocialPlay USA Inc ($OTCPK:SPLY)
SocialPlay USA Inc is a social media platform that allows users to connect with each other and share content. The company has a market cap of 118.7k and a ROE of 84.25%. SocialPlay USA Inc offers a variety of features that allow users to connect with each other and share content. The company also provides users with the ability to create and share content, as well as the ability to connect with other users.
– Feiyu Technology International Co Ltd ($SEHK:01022)
Feiyu Technology International Co Ltd is a Chinese company that manufactures drones and other drones accessories. The company has a market cap of 395.33M as of 2022 and a Return on Equity of -8.97%. The company’s products are used by both consumers and businesses.
Summary
NEOGAMES S.A is a publicly traded company on Nasdaq. Recently, the company has received a notice of deficiency from the Nasdaq, warning that the company’s noncompliance with certain listing rules is an immediate concern. Its share price has been volatile as a result. Investors should conduct thorough analysis of the company’s financials and management before deciding whether to invest in NEOGAMES. They should pay close attention to the company’s revenue streams, profit margins, debt-equity and working capital balance, and cash flow. Also, investors should look out for any news or updates related to NEOGAMES’s compliance status with Nasdaq.
In addition, they should monitor NEOGAMES’s progress in addressing the issues highlighted by Nasdaq.
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