Added to YB: 2026-04-17
Pitch date: 2026-04-15
MRDN [bullish]
Meridian Holdings, Inc.
Author Info
No bio for this author
Company Info
Meridian Holdings, Inc., through its subsidiaries, provides healthcare management and information system solutions in the United States.
Market Cap
$1.6M
Pitch Price
N/A
Price Target
40.00 (+381216%)
Dividend
N/A
EV/EBITDA
N/A
P/E
-0.14
EV/Sales
N/A
Sector
Health Care Providers and Services
Category
value
Meridian Holdings: Growing Small-Cap Trading Below Peers!
MRDH: iGaming operator w/ B2B (GMAG infrastructure, Expanse games) + B2C (MeridianBet casino/sportsbook in Europe/Africa/LatAm). Down 70% YoY on CEO exit, insider selling, merger integration costs, dilution concerns. Q4 rev $49.6M (+8%), FY25 $182.9M (+21%), adj EBITDA $19.4M. Expanse players +282%, Brazil/Mexico traction. Trades 0.5x P/S, 4.5x EV/EBITDA vs Flutter 2.5x P/S despite similar growth. Path to GAAP profit in 2026. Model: $312.6M rev by 2030 (11% CAGR), $31M net income, PT $30-40 (15-20x P/E), 342-490% upside from $6.85.
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