Added to YB: 2026-04-17
Pitch date: 2026-04-15
MRDN [bullish]
Meridian Holdings, Inc.
+104.36%
current return
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
$0.01
Price Target
40.00 (+177836%)
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.
Read full article (22 min)