Reverse stock split and dilution fears trigger 22% plunge in GDC shares
GD Culture Group Limited, along with its various operating entities, is dedicated to the exploration, advancement, and implementation of Internet of Things (IoT) solutions and electronic token-powered digital display systems. The company engineers sophisticated digital door signs that serve as a virtual storefront for physical businesses, incorporating animated visuals and other technical services. Furthermore, it provides electronic tokens designated for the acquisition of virtual property within its ecosystem. The company also manages "Wuge Manor," an engaging game that combines IoT and e-commerce capabilities on a distinctive code chain platform. This platform enables players to interact with vendors and business owners across roughly 100 Chinese cities. Previously operating under the name Code Chain New Continent Limited, GD Culture Group Limited maintains its corporate base in Chengdu, China.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | $591.46K | $19.58M | $23.19M | $38.75M |
| Cost of Revenue | N/A | N/A | $718.00 | N/A | $21.05K | $19.02M | $18.67M | $19.23M |
| Gross Profit | N/A | N/A | $-718.00 | N/A | $570.41K | $562.24K | $4.52M | $19.52M |
| Gross Margin | 0.00% | 0.00% | 0.00% | 0.00% | 96.44% | 2.87% | 19.49% | 50.37% |
| Operating Expenses | $14.16M | $11.99M | $413.43K | $19.55M | $1.07M | $851.64K | $2.39M | $20.42M |
| Operating Income | $-14.16M | $-11.99M | $-414.15K | $-19.55M | $-496.77K | $-289.40K | $2.13M | $-906.28K |
| Operating Margin | 0.00% | 0.00% | 0.00% | 0.00% | -83.99% | -1.48% | 9.17% | -2.34% |
| Net Income | $-13.84M | $-12.52M | $-30.82M | $-26.97M | $2.51M | $-16.83M | $1.45M | $-573.75K |
| Net Margin | 0.00% | 0.00% | 0.00% | 0.00% | 424.45% | -85.92% | 6.25% | -1.48% |
| EPS (Basic) | $-1.45 | $-3.88 | $-20.13 | $-20.36 | $2.70 | $-23.70 | $1.86 | $-0.97 |
| EBITDA | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Stock Option Compensation Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Earnings Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |