Blockmate Ventures (TSXV:MATE) - Stock Price, News & Analysis

MATE Stock Overview

Blockmate Ventures Inc. engages in the building of blockchain businesses.

MATE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Rewards

Trading at 94.9% below our estimate of its fair value

Risk Analysis

Earnings have declined by 35.7% per year over past 5 years

Makes less than USD$1m in revenue (CA$7K)

Does not have a meaningful market cap (CA$3M)

Has less than 1 year of cash runway

+ 3 more risks

Blockmate Ventures Inc. Competitors

Olive Resource Capital

TSXV:OC

CA$2.7m

Phoenix Canada Oil

TSXV:PCO

CA$4.3m

Aberdeen International

TSX:AAB

CA$2.9m

Lions Bay Capital

TSXV:LBI

CA$2.8m

Price History & Performance

Summary of all time highs, changes and price drops for Blockmate Ventures
Historical stock prices
Current Share Price	CA$0.03
52 Week High	CA$0.085
52 Week Low	CA$0.02
Beta	3.36
1 Month Change	-25.00%
3 Month Change	n/a
1 Year Change	-45.45%
3 Year Change	-91.30%
5 Year Change	-86.36%
Change since IPO	-96.25%

Recent updates

Shareholder Returns

	MATE	CA Capital Markets	CA Market
7D	0%	1.6%	0.7%
1Y	-45.5%	22.6%	4.9%

Return vs Industry: MATE underperformed the Canadian Capital Markets industry which returned 26.3% over the past year.

Return vs Market: MATE underperformed the Canadian Market which returned 5.5% over the past year.

Price Volatility

Is MATE's price volatile compared to industry and market?
MATE volatility
MATE Average Weekly Movement	27.6%
Capital Markets Industry Average Movement	4.8%
Market Average Movement	9.0%
10% most volatile stocks in CA Market	18.1%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: MATE's share price has been volatile over the past 3 months.

Volatility Over Time: MATE's weekly volatility (28%) has been stable over the past year, but is still higher than 75% of Canadian stocks.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	Justin Rosenberg	www.blockmate.com

Blockmate Ventures Inc. engages in the building of blockchain businesses. The company operates as a Web3 incubator/venture creator focusing on businesses that utilize blockchain technology and decentralization to provide utility, accessibility, and sustainability around everyday services. The company was formerly known as Midpoint Holdings Limited and changed its name to Blockmate Ventures Inc. in May 2022.

Blockmate Ventures Inc. Fundamentals Summary

How do Blockmate Ventures's earnings and revenue compare to its market cap?
MATE fundamental statistics
Market cap	CA$3.32m
Earnings (TTM)	-CA$2.56m
Revenue (TTM)	CA$7.48k

444.6x

P/S Ratio

-1.3x

P/E Ratio

Is MATE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MATE income statement (TTM)
Revenue	CA$7.48k
Cost of Revenue	CA$22.20k
Gross Profit	-CA$14.73k
Other Expenses	CA$2.54m
Earnings	-CA$2.56m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.023
Gross Margin	-196.95%
Net Profit Margin	-34,183.63%
Debt/Equity Ratio	-192.1%

How did MATE perform over the long term?

See historical performance and comparison

MATE Stock Overview

Rewards

Risk Analysis

Blockmate Ventures Inc. Competitors

TSXV:OC

CA$2.7m

TSXV:PCO

CA$4.3m

TSX:AAB

CA$2.9m

TSXV:LBI

CA$2.8m

Price History & Performance

Recent News & Updates

First half 2024 earnings released: CA$0.018 loss per share (vs CA$0.02 loss in 1H 2023)

David Wong completed the acquisition of Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE).

David Wong completed the acquisition of Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE).

Blockmate Ventures Inc. (TSXV:MATE) signed a binding share purchase agreement to acquire BESS Power Corporation.

Full year 2023 earnings released: CA$0.023 loss per share (vs CA$0.082 loss in FY 2022)

David Wong agreed to acquire Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE).

Recent updates

First half 2024 earnings released: CA$0.018 loss per share (vs CA$0.02 loss in 1H 2023)

David Wong completed the acquisition of Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE).

David Wong completed the acquisition of Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE).

Blockmate Ventures Inc. (TSXV:MATE) signed a binding share purchase agreement to acquire BESS Power Corporation.

Full year 2023 earnings released: CA$0.023 loss per share (vs CA$0.082 loss in FY 2022)

David Wong agreed to acquire Midpoint Foreign Exchange Business of Blockmate Ventures Inc. (TSXV:MATE).

Blockmate Ventures Inc Announces Board Changes

Founder recently bought CA$150k worth of stock

New major risk - Shareholder dilution

Blockmate Ventures Inc. announced that it has received CAD 0.82 million in funding

Klearium Inc entered into a binding letter of intent to acquire 85% stake in Midpoint & Transfer Ltd. from Blockmate Ventures Inc. (TSXV:MATE).

Less than half of directors are independent

Second quarter 2023 earnings released: CA$0.013 loss per share (vs CA$0.007 loss in 2Q 2022)

Less than half of directors are independent

Blockmate Ventures Inc. announced that it has received CAD 0.903267 million in funding from Carosa Corporation B.V., and other investors

First quarter 2023 earnings released: CA$0.008 loss per share (vs CA$0.005 loss in 1Q 2022)

Less than half of directors are independent

Blockmate Ventures Inc. announced that it has received CAD 0.814667 million in funding

Full year 2022 earnings released: CA$0.082 loss per share (vs CA$0.018 loss in FY 2021)

Blockmate Ventures Inc. Announces Resignation of Anthony Zelen as Non-Executive Director

Third quarter 2022 earnings released: CA$0.054 loss per share (vs CA$0.005 loss in 3Q 2021)

Less than half of directors are independent

Midpoint Holdings Ltd. Announces Executive Changes

Less than half of directors are independent

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Midpoint Holdings Ltd., Annual General Meeting, Apr 08, 2022

Midpoint Holdings Ltd. (TSXV:MPT) entered into a purchase agreement to acquire Blockchain World Ltd from shareholders.

Full year 2021 earnings released: CA$0.018 loss per share (vs CA$0.037 loss in FY 2020)

Less than half of directors are independent

Midpoint Holdings Ltd. announced that it has received CAD 3 million in funding

Midpoint Holdings Ltd. announced that it expects to receive CAD 4 million in funding

Second quarter 2021 earnings released: CA$0.005 loss per share (vs CA$0.011 loss in 2Q 2020)

New 90-day high: CA$0.32

Midpoint Holdings Ltd. Launches Israeli Shekel, Indian Rupee

New 90-day high: CA$0.26

Midpoint Holdings Ltd. Confirms Appointment David Wong as Chief Executive Officer

Midpoint Holdings Ltd. Announces Executive Changes

First quarter 2021 earnings released: CA$0.003 loss per share

Midpoint Holdings Ltd. Announces Director Changes

Full year earnings released - CA$0.037 loss per share

New 90-day low: CA$0.23

New 90-day high - CA$0.32

Midpoint Holdings Ltd. announced that it expects to receive CAD 0.65 million in funding

Midpoint Holdings Ltd. announced that it has received CAD 0.25 million in funding

Midpoint Holdings Ltd. announced that it expects to receive CAD 0.25 million in funding

Shareholder Returns

Price Volatility

About the Company

Blockmate Ventures Inc. Fundamentals Summary

444.6x

-1.3x

Earnings & Revenue