Apple iSports Group Inc.
0.5989-0.05 (-7.86%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · AAPI · USD
Key Stats
Market Cap
131.63MP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Apple iSports Group posted no revenue for Q2 FY2025 ended June 30, 2025, with operating expenses dropping 40.9% y/y to $631,752, driven by lower marketing outlays, yet net loss widened to $546,597 from $435,449 amid absent debt forgiveness. For the six-month YTD, expenses surged 113% y/y to $3,828,381, fueled by $2,566,695 in stock-based compensation, pushing net loss to $3,738,329 from $1,183,714; diluted EPS of $(0.02) aligns with 219,191,407 weighted shares. Cash edged up to $68,699, with free cash flow unavailable as capex is not disclosed in the 10-Q; related-party debt fell to $1,821,460 after converting $2,682,970 principal plus $124,790 interest into 11,231,040 shares in January 2025. A July 2025 agreement eyes acquiring Lucky Bet for 30% of fully diluted shares, while the AmeriCrew infrastructure deal fizzled. Stock options remain anti-dilutive. Regulatory hurdles in betting markets loom large.
8-K
Secures $25M equity line
Apple iSports Group inked a three-year equity line deal with LDA Capital on August 5, 2025, unlocking up to $25 million in funding through common stock sales at 90% of the average closing price over 10-day pricing periods. LDA snagged a warrant for 7,692,492 shares at $7.76 each, adjustable downward at six and 18 months, plus a 2% commitment fee and $25,000 expense reimbursement. This bolsters working capital and acquisitions, yet dilutes shareholders if fully drawn.
8-K
Secures $25M equity facility
Apple iSports Group inked a 3-year equity facility with LDA Capital Group for up to $25 million, expandable to $50 million, to fuel gaming and entertainment acquisitions. This bolsters the balance sheet alongside their recent LBC Enterprises deal, targeting U.S. online gambling expansion via B2B and B2C revenue streams. Funding hinges on drawdown conditions. Directors hail it as a growth accelerator, yet actual results may vary with market factors.
8-K
AiS agrees to acquire LuckyBet
Apple iSports Group entered a binding term sheet on July 25, 2025, to acquire 100% of LBC Enterprises Pty Ltd, operator of the LuckyBet online gambling business, by issuing shares representing 30% of its fully diluted capital to LuckyBet's vendors. Completion hinges on due diligence, formal agreements, tax relief confirmation, and a $10 million minimum investment program into LuckyBet over 24 months, prioritized over AiS's other needs. Vendors secure two board seats and a put option to sell back 95% of shares if AiS fails to list on NASDAQ by then. This deal locks AiS into funding LuckyBet's growth while ceding significant equity control.
8-K
Adopts Australian stock plan
Apple iSports Group adopted a Stock Option Plan for Australian employees on July 25, 2025, granting 12 million options at $0.25 per share to incentivize long-term retention and performance. The COO received 5 million options, the President 3 million, with vesting in tranches over 18 months and exercise periods up to five years. This aligns key executives with shareholder interests, yet ties rewards to sustained employment.
IPO
Employees
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