User

GiG Software

GIG-SDB.ST

Software - Application · Technology

Price

kr 2.22

+0.12 (+5.71%)

Market Cap

kr 356.6M

Exchange

Stockholm Stock Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Winston Score below 40. The stock fails on most of our quality checks.

GiG Software PLC is a technology company that builds software for the online gambling industry. Its main products include a platform that helps casino and sports betting operators run their websites, plus tools for managing player data, marketing, and regulatory compliance. The company sells these tools to gambling operators across Europe and other regulated markets.

GiG makes money by charging operators recurring fees to use its software platform, which creates a subscription-like revenue stream. It operates primarily in regulated European gambling markets, with a small global footprint. The very high gross margin reflects the low cost of delivering software at scale, but the negative operating margin shows the company is still spending heavily to grow. The main risk is that online gambling regulation varies widely by country, and rule changes in key markets could quickly shrink the pool of customers GiG is allowed to serve.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+5.0% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

0.0%ownership

Relatively low insider ownership

Cash Runway

~4 months

$5M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

GiG Software has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

95.6%

Premium pricing power — 95.6% gross margin

Operating Margin

-54.4%

Losing money on operations — -54.4%

ROCE

-9.6%

Weak — -9.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

+15.0%

Fast-growing sales (15.0% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-39.0%

Burning cash (-39.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

N/A

Data not available

Interest Cover

N/A

Data not available

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Valuation

P/E Ratio

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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