VIP Play, Inc. (VIPZ)
VIP Play, Inc. is a Tennessee-based technology enterprise focused on mobile applications and online platforms. The company utilizes a cloud-native technological infrastructure to deliver mobile sports betting services, which include an advanced sportsbook offering diverse wagering possibilities, alongside sweepstakes contests. A key aspect of their platform is the integration of social features, specifically designed to amplify player engagement. Formerly known as KeyStar Corp., the company officially rebranded to VIP Play, Inc. in September 2024. Founded in 2020, VIP Play, Inc.'s corporate headquarters are situated in Las Vegas, Nevada.
Sector: Retail-Miscellaneous Retail
Industry: Gambling, Resorts & Casinos
VIP Play, Inc.
OTC:VIPZConsumer Cyclical · Gambling, Resorts & Casinos
+5.82%$0.2000
Mkt Cap$14.79M
Float25.69M
O/S73.94M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$184K
Net Income-$9.52M
Total Assets$2.28M
Free Cash Flow-$8.89M
Debt & Equity
Total Debt$578K
Total Equity-$39.95M
Preferred Stock$12K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VIPZ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.28M
Liabilities$42.23M
Accounts Receivable$210K
Accounts Payable$1.25M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Revenue | $184K | -$86K | -$1.1M | -$37K | $78K | $47K | $27K |
| YoY Growth | -312.8% | -92.1% | 2885.6% | -146.9% | 66.2% | 75.5% | - |
| Cost of Revenue | $6.88M | $510K | $1.32M | $47K | $63K | $44K | $25K |
| Gross Profit | -$6.7M | -$510K | -$2.42M | -$84K | $15K | $3K | $2K |
| Gross Margin | -3639.1% | 589.3% | 220.2% | 227.3% | 19.4% | 6.9% | 7.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $4.38M | $3.72M | $10.71M | $7.64M | $648K | $49K | $49K |
| Other | $0 | $10.86M | $465K | $104K | -$14K | $0 | -$40K |
| Total Operating Expenses | $4.38M | $14.57M | $11.18M | $7.74M | $648K | $49K | $9K |
| Operating Income (EBIT) | -$11.08M | -$18.88M | -$30.39M | -$7.82M | -$633K | -$46K | -$7K |
| Operating Margin | -6020.1% | 21835.6% | 2766.4% | 21265.8% | -807.2% | -96.8% | -25.3% |
| Interest Expense | $3.34M | $206K | $5.14M | $2.49M | $9K | $6K | $808 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $5K |
| Other Income (Expense) | $1.56M | -$9.11M | -$15.47M | -$3.51M | -$83K | -$6K | -$803 |
| Income Before Tax (EBT) | -$9.52M | -$18.88M | -$30.39M | -$11.33M | -$11.33M | -$52K | -$8K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$9.52M | -$18.88M | -$30.39M | -$11.34M | -$716K | -$52K | -$8K |
| Net Income Margin | -5171.7% | 21835.6% | 2766.4% | 30818.7% | -913.2% | -109.5% | -28.3% |
| Supplementary Data | |||||||
| EPS | -0.13 | -0.26 | -0.55 | -0.32 | -0.02 | -0.02 | -0.00 |
| Diluted EPS | -0.13 | -0.26 | -0.55 | -0.32 | -0.02 | -0.02 | -0.00 |
| Weighted Average OS | 73.46M | 72.62M | 55.35M | 38.33M | 29.80M | 29.80M | 29.00M |
| EBITDA | -$10.62M | -$17.68M | -$23.46M | -$7.72M | -$7.72M | $0 | -$46K |
| EBITDA Margin | -5771.2% | 20449.8% | 2135.9% | 20981.8% | -9844.8% | - | -169.9% |
Balance Sheet
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $128K | $163K | $222K | $355K | $66K | $89K | $38K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $128K | $163K | $222K | $355K | $66K | $89K | $38K |
| Accounts Receivable | $210K | $0 | $0 | $0 | $0 | -$10K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $992 | $8K | $45K |
| Other Current Assets | $549K | $2.7M | $1.02M | $1.19M | $992 | $10K | $0 |
| Total Current Assets | $887K | $2.86M | $1.25M | $1.55M | $76K | $107K | $84K |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $0 | $0 | $2K | $4K | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $883K | $6.76M | $8.07M | $8.07M | $0 | $0 |
| Long-Term Investments | $1.39M | $0 | $0 | $0 | $103K | $103K | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $3K | $5K | $1.34M | $5.68M | -$8K | -$101K | $0 |
| Total Long-Term Assets | $1.39M | $887K | $8.1M | $13.75M | $2K | $2K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.28M | $3.75M | $9.35M | $15.3M | $78K | $109K | $84K |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $1.25M | $1.07M | $1.41M | $1.22M | $352K | $36K | $31K |
| Short-Term Debt | $578K | $910K | $8.66M | $6.35M | $232K | $75K | $45K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $324K | -$382K | -$36K | $0 |
| Other Current Liabilities | $40.4M | $33.87M | $11.59M | $6.62M | $388K | $36K | $0 |
| Total Current Liabilities | $42.23M | $34.78M | $22.03M | $14.89M | $613K | $111K | $76K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $513K | $850K | $850K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $513K | $850K | $850K | $75K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | -$232K | -$75K | $0 |
| Total Liabilities | $42.23M | $34.78M | $22.54M | $15.74M | $613K | $111K | $76K |
| Stockholders' Equity | |||||||
| Preferred Stock | $12K | $12K | $12K | $12K | $12K | $200 | $200 |
| Common Stock | $73K | $73K | $7K | $4K | $3K | $3K | $3K |
| Retained Earnings | -$72.64M | -$62.39M | -$43.5M | -$13.12M | -$775K | -$59K | -$8K |
| Comprehensive Income & Other | $0 | $0 | $0 | -$12K | -$103K | $0 | -$2K |
| Other Stockholders' Equity | $32.62M | $31.28M | $30.31M | $12.68M | $237K | $53K | $12K |
| Total Equity | -$39.95M | -$31.03M | -$13.19M | -$433K | -$536K | -$3K | $7K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.28M | $3.75M | $9.35M | $15.3M | $78K | $109K | $84K |
| Supplementary Data | |||||||
| Total Debt | $578K | $910K | $9.17M | $7.2M | $232K | $75K | $45K |
| Net Debt | $450K | $747K | $8.95M | $6.84M | $165K | -$14K | $7K |
Cash Flow Statement
| Period | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Operating Activities | |||||||
| Net Income | -$9.52M | -$18.88M | -$30.39M | -$11.34M | -$554K | -$52K | -$52K |
| Depreciation & Amortization | $458K | $993K | $1.79M | $104K | $104K | $46K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $1.5M | $0 | $0 | $0 |
| Stock-Based Compensation | $553K | $0 | $298K | $271K | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$858K | $0 | $0 | $0 | $0 | -$7K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $7K | $35K | -$309K |
| Accounts Payable | $184K | -$337K | $190K | $867K | $1.17M | $7K | $0 |
| Other Working Capital | $5.07M | $63K | $1.83M | -$726K | -$1.03M | $2K | -$3K |
| Total Working Capital Change | $4.4M | -$274K | $2.02M | $141K | $141K | $37K | -$312K |
| Other Non-Cash Items | -$4.79M | $7.46M | $14.98M | $2.52M | $28K | -$41K | $342K |
| Net Cash from Operating | -$8.89M | -$10.43M | -$11.3M | -$6.8M | -$281K | -$10K | -$22K |
| Investing Activities | |||||||
| Capital Expenditures | -$406K | -$1.02M | -$477K | -$958K | -$1.71M | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $4K | $4K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$1.02M | $0 | -$750K | $0 | $0 | $0 |
| Net Cash from Investing | -$406K | -$1.02M | -$477K | -$1.7M | -$1.7M | $0 | $0 |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | - | -$30K | -$30K |
| Common Stock Issuance | $0 | $325K | $300K | $2.77M | $2.77M | $40K | $40K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | -$1.01M | $0 | $0 | $0 |
| Other Financing Activities | $0 | $11.44M | $0 | $1.11M | -$6K | -$9K | -$10K |
| Net Cash from Financing | $8.99M | $11.44M | $11.87M | $8.79M | $258K | $61K | $60K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$312K | -$10K | $94K | $289K | -$22K | $51K | $38K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$8.89M | -$10.43M | -$11.3M | -$6.8M | -$281K | -$10K | -$22K |
| Capital Expenditure | $0 | $0 | -$477K | -$958K | -$5K | $2 | $0 |
| Free Cash Flow | -$8.89M | -$10.43M | -$11.78M | -$7.75M | -$281K | -$10K | -$22K |
| Cash at Beginning | $440K | $450K | $355K | $66K | $89K | $38K | $38K |
| Cash at End | $128K | $440K | $450K | $355K | $66K | $89K | $38K |