Summary of core financials and trend signals (USD, IFRS/GAAP basis as disclosed):
Profitability and earnings
- EBITDA: -$3,831,498 for QQ4 2024, indicating substantial operating losses before depreciation and amortization and non-cash items.
- Operating income: -$3,966,632 for QQ4 2024, with no disclosed gross profit due to missing revenue data.
- Net income: -$3,671,948 for QQ4 2024, representing a continuation of losses despite equity financing in the period.
- YoY comparisons (Q4 2024 vs Q4 2023): Operating income YoY: -302.68%; Net income YoY: -234.25% (as stated in the dataset).
- QoQ comparisons (Q4 2024 vs Q3 2024): Operating income QoQ: -146.11%; Net income QoQ: -121.69% (as stated in the dataset).
Expense structure (QQ4 2024)
- Research and development (R&D): $1,260,606
- General and administrative (G&A): $2,706,026
- Depreciation and amortization: $135,134
- Total operating expenses: $3,966,632
Revenue and margins
- Revenue: not disclosed in the QQ4 2024 data; gross profit and gross margin are not calculable from the provided data.
- Net profit margin: not calculable due to missing revenue figure; reported net loss of $3.67 million for QQ4 2024.
Cash flow and liquidity
- Net cash used in operating activities: -$5,707,527
- Net cash used in investing activities: -$210,407
- Net cash provided by financing activities: $15,403,309
- Net change in cash: $9,485,375
- Ending cash and cash equivalents: $9,719,310
- Free cash flow (FCF): -$5,917,933
Balance sheet highlights
- Total assets: $13,034,404
- Total liabilities: $2,613,629; of which long-term debt: $1,156,805; short-term debt: $230,027
- Total stockholders’ equity: $10,420,775; Retained earnings: -$11,945,958
- Cash and cash equivalents: $9,719,310; Net debt: -$8,332,478 (net cash position after accounting for debt vs. cash)
- Current assets: $10,820,382; Total current liabilities: $1,333,245; Current ratio: 8.12x; Quick ratio: 8.12x
- Equity issuance in the period: Common stock issued: 14,540,783 shares; Weighted average shares outstanding: 8,127,349
Valuation and multiple cues
- Price-to-book: 12.87x; Debt-to-equity: 0.133x; Enterprise value to free cash flow: not meaningful given negative FCF and lack of revenue data; Price-to-earnings: not applicable (negative earnings)
- Cash flow to debt ratio: -4.12x (negative correlation between cash flow and debt, reflecting cash burn offset by financing activity)
Notes: Revenue and margin figures are constrained by the absence of disclosed revenue data for QQ4 2024. Several ratios reflect placeholders or non-informative values due to negative earnings and missing revenue.