AAPI Research | Milton Maxwell

AAPI

Apple iSports Group, Inc.

0.3440

-0.0029-0.84%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

75.61M

P/E (TTM)

Basic EPS (TTM)

-0.03

Dividend Yield

Recent Filings

8-K

50/50 JV with iCasino launches

3/5/26Mar 5, 2026

Apple iSports Group entered a 50/50 joint venture with Australia's Apple iCasino on March 1, 2026, licensing its marks and providing advisory support to AiC's operational crypto gaming platform, appleicasino.com. AiC covers all platform costs while both appoint board reps for equal governance. Platform just launched in limited countries. Success unpredictable.

8-K

Lucky Bet terminates agreement

2/11/26Feb 11, 2026

Apple iSports Group lost its key agreement with Lucky Bet on February 10, 2026, after the partner terminated it over unresolved key terms and other allegations. The deal, announced via press release on July 25, 2025, now unravels. Termination disrupts plans. No financial impacts disclosed.

8-K

COO terminated amid relocation

1/8/26Jan 8, 2026

Apple iSports Group terminated COO Lee Seltzer on December 31, 2025, amid shifting operations from Australia to the US, effective that date. Seltzer demanded ~$100,000 under his Australian subsidiary employment agreement. The company is assessing the claim's validity. Termination ties directly to the relocation.

8-K

President resigns abruptly

12/12/25Dec 12, 2025

Apple iSports Group President Jeremy Samuel resigned from his role and the board on December 11, 2025, also stepping down as president of subsidiaries Apple iSports, Inc. and Apple iSports Australia Pty Ltd. No disagreements over operations, policies, or practices triggered the move. Leadership shift complete.

10-Q

Q3 FY2025 results

11/14/25Nov 14, 2025

Apple iSports posted zero revenues for Q3 ended September 30, 2025, with operating expenses surging 217% y/y to $2.24M on consulting fees tied to stock comp, yielding a $2.24M operating loss; net loss ballooned to $4.51M (vs $0.75M y/y), driven by $2.30M issuance costs from an August equity-line deal with $25M capacity (warrants valued at $1.74M). YTD net loss hit $8.25M on $6.07M opex, up 133% y/y, while related-party debt dropped to $2.02M after $2.68M converted to stock. Cash dwindled to $9.3k amid $3.94M operating burn, offset by $3.90M financing inflows. Equity line secures runway. Disclosure controls remain ineffective.

About

Apple iSports Group, Inc. engages in the development of a digital sports betting and gaming platforming in the United States and Australia. Its platform provides sports content, daily sports betting, and sport streaming solutions. Its apps include The Sports Betting App that will provide betting coverage for sporting leagues and events; Horse Racing App which provides informatics to user and live updates for scratches, jockeys, process, track conditions, and race start time changes; and Live Content Streaming channel that provide live sporting events and sports-based shows. The company was formerly known as Prevention Insurance.Com and changed its name to Apple iSports Group, Inc. in August 2023. The company was incorporated in 1975 and is based in Irvine, California. Apple iSports Group, Inc. is a subsidiary of Cres Pty Ltd.

CEO

Mr. Joe Martinez

IPO

5/28/2002

Website

https://corporate.appleisports.com

Employees

Sector

Consumer Cyclical

Industry

Gambling