Golden Star Enterprises Ltd. (GSPT) Stock Analysis
DELISTED 2024
What happened to Golden Star Enterprises Ltd. (GSPT) stock?
Golden Star Enterprises Ltd. (GSPT) no longer trades on public markets. It was delisted in August 2024. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Golden Star Enterprises Ltd. (GSPT) trades at $0.0015. Golden Star Enterprises Ltd. , through its subsidiary Enigmai Ltd. , provides workforce management software solutions. Sector: Technology.
Last analyzed: Mar 18, 2026Analyst Coverage for GSPT: GSPT does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates GSPT against Technology peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
GSPT: 1/2 scored disciplines lean bearish. Dominant signal: Jim Simons bearish.
How is this calculated? →Golden Star Enterprises Ltd. (GSPT) Technology Profile & Competitive Position
Golden Star Enterprises Ltd. operates in the application software sector, offering the Enigmai Business Suite for workforce management. Targeting large organizations in Israel, the company focuses on optimizing employee schedules and cost savings. Its small size and OTC listing present unique challenges and opportunities in a competitive market.
What Is the Investment Thesis for GSPT?
Golden Star Enterprises Ltd. presents a high-risk, high-reward investment opportunity. The company's potential lies in the growth of its Enigmai Business Suite within the workforce management software market. Key value drivers include successful client acquisition and demonstrable cost savings for its customers. However, the company's negative profit margin of -874.8% and small market capitalization of $0.00B raise concerns about its financial stability. Growth catalysts include expanding the software's features and targeting new markets. Investors should carefully consider the risks associated with the company's OTC listing and limited operating history. The high beta of 4.04 indicates significant volatility.
Based on FMP financials and quantitative analysis
GSPT Key Highlights
Market capitalization of $0.00B, indicating a micro-cap company with limited liquidity.
- Negative P/E ratio of -1078.57, reflecting current losses and potentially unsustainable operations.
- Profit margin of -874.8%, highlighting significant challenges in achieving profitability.
- Gross margin of -148.9%, indicating that the cost of goods or services exceeds revenue.
- Beta of 4.04, suggesting high volatility compared to the overall market.
Who Are GSPT's Competitors?
GSPT is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| RSASF RESAAS Services Inc. | $0.31 | +6.90% | $26.1M | 69 |
| IDN Intellicheck, Inc. | $2.96 | -3.10% | $60.0M | 78 |
| WFCF Where Food Comes From, Inc. | $13.05 | +4.40% | $65.8M | 71 |
| RSSS Research Solutions, Inc. | $2.20 | -0.45% | $73.6M | 75 |
| TRAK ReposiTrak, Inc. | $7.98 | -1.97% | $145M | 80 |
| IMMR Immersion Corporation | $7.72 | +1.71% | $256M | 76 |
| RMNI Rimini Street, Inc. | $5.10 | +0.79% | $476M | 79 |
| OPFI OppFi Inc. | $7.16 | -0.28% | $611M | 72 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are GSPT's Key Strengths?
Proprietary Enigmai Business Suite software.
- Focus on workforce management solutions.
- Established presence in the Israeli market.
- Potential for cost savings for client organizations.
What Are GSPT's Weaknesses?
Small market capitalization of $0.00B.
- Negative profit margin of -874.8%.
- Limited operating history.
- Concentration of operations in Israel.
What Could Drive GSPT Stock Higher?
Potential partnerships with HR service providers could expand market reach.
- Development of new software modules to enhance the Enigmai Business Suite.
- Expansion of marketing efforts to attract new clients in target industries.
What Are the Key Risks for GSPT?
Financial-distress signal — its Altman Z-Score of -12.08 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Limited financial resources may hinder growth and product development.
- Intense competition in the application software sector.
- Economic downturn affecting client spending on workforce management solutions.
- Dependence on a single software product (Enigmai Business Suite).
What Are the Growth Opportunities for GSPT?
- Expansion into New Geographic Markets: Golden Star Enterprises Ltd. can explore opportunities to expand its Enigmai Business Suite into new geographic markets beyond Israel. The global workforce management software market is projected to reach $12.1 billion by 2028, offering significant potential for growth. Successfully penetrating new markets would require adapting the software to local regulations and cultural nuances, as well as establishing effective sales and marketing channels. Timeline: 2-3 years.
- Development of Additional Software Modules: Golden Star Enterprises Ltd. can enhance its Enigmai Business Suite by developing additional software modules that address specific workforce management needs. This could include modules for time and attendance tracking, performance management, or employee engagement. By expanding the software's functionality, the company can attract a wider range of clients and increase its revenue per customer. The market for integrated workforce management solutions is growing rapidly, driven by the increasing demand for comprehensive HR solutions. Timeline: 1-2 years.
- Strategic Partnerships with Complementary Service Providers: Golden Star Enterprises Ltd. can form strategic partnerships with complementary service providers, such as payroll processing companies or HR consulting firms. These partnerships can provide access to new customers and expand the company's distribution network. The market for HR technology partnerships is growing as companies seek to integrate various HR functions into a single platform. Timeline: Ongoing.
- Leveraging Cloud-Based Delivery Model: Golden Star Enterprises Ltd. can fully leverage a cloud-based delivery model for its Enigmai Business Suite. Cloud-based solutions offer scalability, flexibility, and cost-effectiveness, making them attractive to businesses of all sizes. By offering a cloud-based solution, the company can reduce its infrastructure costs and reach a wider audience. The cloud-based workforce management software market is experiencing rapid growth, driven by the increasing adoption of cloud computing. Timeline: Ongoing.
- Focus on Specific Industry Verticals: Golden Star Enterprises Ltd. can focus its marketing efforts on specific industry verticals, such as healthcare, retail, or hospitality. By tailoring its Enigmai Business Suite to the specific needs of these industries, the company can differentiate itself from competitors and attract a loyal customer base. The market for industry-specific workforce management solutions is growing as businesses seek solutions that address their unique challenges. Timeline: 1-2 years.
What Are GSPT's Competitive Advantages?
- Proprietary Enigmai Business Suite software.
- Focus on workforce management solutions.
- Established presence in the Israeli market.
What Does GSPT Do?
Golden Star Enterprises Ltd., originally incorporated in 1993 as Terralene Fuels Corporation, transitioned to its current focus on software solutions in July 2013. Headquartered in Claymont, Delaware, the company operates through its subsidiary, Enigmai Ltd., based in Israel. Enigmai Ltd. provides the Enigmai Business Suite, a workforce management software designed to help large organizations efficiently manage employee schedules and reduce operational costs. The software aims to streamline scheduling processes, improve employee productivity, and provide cost-saving benefits to its clients. Golden Star Enterprises Ltd. caters to organizations seeking to optimize their workforce management strategies through technological solutions. The company's small size and focus on a specific software application distinguish it within the broader technology landscape. As of 2026, the company is managed by a single employee, highlighting its early stage and limited operational scale.
What Products and Services Does GSPT Offer?
- Provides workforce management software solutions.
- Offers the Enigmai Business Suite for large organizations.
- Helps organizations manage employee schedules.
- Aims to save organizations money through efficient scheduling.
- Operates through its subsidiary, Enigmai Ltd., in Israel.
- Focuses on optimizing workforce management strategies.
How Does GSPT Make Money?
- Generates revenue through the sale of software licenses or subscriptions.
- Targets large organizations seeking to optimize workforce management.
- Offers a software solution designed to improve employee scheduling and reduce costs.
What Industry Does GSPT Operate In?
Golden Star Enterprises Ltd. operates within the application software sector, a segment characterized by rapid innovation and intense competition. The workforce management software market is driven by the increasing need for organizations to optimize labor costs and improve employee productivity. While the market offers significant growth potential, it is dominated by established players with extensive resources and broader product offerings. Golden Star Enterprises Ltd.'s success depends on its ability to differentiate its Enigmai Business Suite and effectively target niche segments within the market. The company's small size and limited resources pose challenges in competing with larger, more established competitors.
Who Are GSPT's Key Customers?
- Large organizations in Israel.
- Companies seeking to optimize workforce management.
- Businesses looking to reduce operational costs through efficient scheduling.
Company Profile
Golden Star Enterprises Ltd. operates in the Software - Application industry within the Technology sector. It is headquartered in Claymont, US. The company is led by CEO Benny Doro. GSPT has traded publicly since 1998.
Key Financial Metrics
Return on equity for Golden Star Enterprises Ltd. stands at 33.9%, a gauge of how efficiently it converts shareholder capital into profit. Its free cash flow yield is -0.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -6.6%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Golden Star Enterprises Ltd.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -12.08 places it in the distress zone, a signal of elevated financial risk.
GSPT Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that executives believe in the growth potential.
- Community sentiment has shifted positively, with increasing discussions around upcoming product launches and innovations.
- Analysts are highlighting the company's strong market position and competitive advantages that could drive future revenues.
- Recent partnerships have generated buzz, suggesting that the company is expanding its reach and capabilities effectively.
Bear Case
- Concerns over supply chain disruptions have emerged, which could impact production timelines and overall performance.
- Negative sentiment has been noted in social media discussions, with some investors expressing doubts about the company's long-term strategy.
- Market perception remains cautious due to recent economic uncertainties that may affect consumer spending.
- Some analysts are warning of overvaluation risks based on recent hype, suggesting that expectations may not align with fundamental performance.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
GSPT Latest News
No recent news available for GSPT.
Leadership: Benny Doro
CEO
Benny Doro serves as the CEO of Golden Star Enterprises Ltd. His prior experience and educational background are not detailed in the provided source data. As the leader of a company with only one employee, his role encompasses a wide range of responsibilities, from strategic planning to day-to-day operations. His leadership is critical to the company's ability to navigate the competitive software market and achieve its growth objectives.
Track Record: Due to the limited information available, Benny Doro's track record at Golden Star Enterprises Ltd. cannot be comprehensively assessed. The company's financial performance, characterized by a negative profit margin and small market capitalization, presents significant challenges. His strategic decisions will be crucial in determining the company's future success. Key milestones to watch include client acquisition, product development, and market expansion.
GSPT OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Golden Star Enterprises Ltd. may not meet the minimum financial standards or reporting requirements of higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, making it difficult for investors to assess their financial health and operational performance. Investing in companies on the OTC Other tier carries significant risks due to the lack of regulatory oversight and potential for fraud or manipulation. Investors should exercise extreme caution and conduct thorough due diligence before investing in these companies.
- OTC Tier: OTC Other
- Limited financial disclosure.
- Low trading volume and liquidity.
- Potential for price manipulation.
- Lack of regulatory oversight.
- Higher risk of fraud or bankruptcy.
- Verify the company's registration and legal standing.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Evaluate the management team's experience and track record.
- Understand the risks associated with the OTC Other tier.
- Consult with a qualified financial advisor.
- Monitor trading volume and price activity.
- Company's incorporation date (1993) suggests some operating history.
- Operation through a subsidiary (Enigmai Ltd.) indicates a focused business activity.
- Development of a specific software product (Enigmai Business Suite) demonstrates a business focus.
GSPT Technology Stock FAQ
What happened to Golden Star Enterprises Ltd. (GSPT) stock?
Golden Star Enterprises Ltd. (GSPT) no longer trades on public markets. It was delisted in August 2024. The figures below are historical and are not a current quote.
Can I still buy GSPT shares?
No. GSPT stopped trading on public markets in August 2024, so the shares are not available through a broker. Anything you see quoted for GSPT elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before GSPT stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Golden Star Enterprises Ltd.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Golden Star Enterprises Ltd. do?
Golden Star Enterprises Ltd., via its subsidiary Enigmai Ltd., provides workforce management software solutions. Their primary product, the Enigmai Business Suite, is designed to assist large organizations in optimizing employee scheduling and reducing operational costs. The company focuses on streamlining scheduling processes to improve employee productivity and provide cost-saving benefits.
What do analysts say about GSPT stock?
As of 2026-03-18, there is no available analyst coverage for Golden Star Enterprises Ltd. This lack of coverage is likely due to the company's small market capitalization, OTC listing, and limited financial disclosure. Key valuation metrics, such as the negative P/E ratio and profit margin, indicate significant financial challenges.
What are the main risks for GSPT?
Golden Star Enterprises Ltd. faces several significant risks. The company's small market capitalization and OTC listing expose it to liquidity risk and potential price manipulation. The negative profit margin and limited operating history raise concerns about its financial sustainability. Intense competition in the application software sector and the risk of technological obsolescence pose additional challenges.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited information available on the company's operations and financial performance.
- OTC listing and lack of analyst coverage increase investment risk.