Executive Summary
Altair International Corp (ATAO) reported a narrowed quarterly loss for QQ1 2025 alongside a deteriorating balance sheet and very tight liquidity. The company posted an operating loss of 34,785 USD and a net loss of 43,343 USD for QQ1 2025, with earnings per share of -0.0014. While the operating loss narrowed modestly versus the prior quarter, revenue for QQ1 2025 was not disclosed in the provided data, leaving top-line visibility limited. The company maintained a negative equity position and a heavily levered balance sheet, with current assets of 11,411 USD and current liabilities of 217,558 USD, yielding a current ratio of 0.0525 and a cash ratio of 0.0331, signaling material liquidity risk. Free cash flow for QQ1 2025 was negative (-23,487 USD), funded in part by financing activities that added 26,400 USD. Management commentary from the earnings call is not included in the provided transcripts, limiting qualitative corroboration of the financials. The Stonewall project and green-technology positioning remain long-dated catalysts, but execution risk and capital requirements are high. The composite view is that ATAO operates with significant downside risk in the near term unless it secures financing or stakeholder support to monetize its flagship assets.
Key Performance Indicators
Key Insights
Revenue: Not disclosed for QQ1 2025; Q4 2024 revenue was 5,887,540 USD. Gross profit for QQ1 2025 is not reported; QQ4 2024 gross profit was 870,906 USD. Operating income: -34,785 USD in QQ1 2025 vs -52,880 USD in QQ4 2024, indicating a 34.2% QoQ improvement in operating losses. Net income: -43,343 USD in QQ1 2025 vs -274,007 USD in QQ4 2024, representing a QoQ improvement of approximately 84% in the absolute loss. EPS: -0.0014 in QQ1 2025, a QoQ and YoY improvement relative to prior quarters; Y...
Financial Highlights
Revenue: Not disclosed for QQ1 2025; Q4 2024 revenue was 5,887,540 USD. Gross profit for QQ1 2025 is not reported; QQ4 2024 gross profit was 870,906 USD. Operating income: -34,785 USD in QQ1 2025 vs -52,880 USD in QQ4 2024, indicating a 34.2% QoQ improvement in operating losses. Net income: -43,343 USD in QQ1 2025 vs -274,007 USD in QQ4 2024, representing a QoQ improvement of approximately 84% in the absolute loss. EPS: -0.0014 in QQ1 2025, a QoQ and YoY improvement relative to prior quarters; YoY EPS change is reported as -79.71% in the provided metrics table, reflecting the unusual starting base for a micro-cap with volatile quarterly results. EBITDA: -34,785 USD in QQ1 2025; interest expense: 8,558 USD in QQ1 2025. Cash flow from operations: -23,487 USD in QQ1 2025; free cash flow: -23,487 USD. Cash at end of period: 7,211 USD. Net debt: 163,398 USD. Current ratio: 0.0525; quick ratio: 0.0525; cash ratio: 0.0331. Total assets: 11,411 USD; total current liabilities: 217,558 USD; short-term debt: 170,609 USD; total debt: 170,609 USD; retained earnings: -17,558,753 USD; stockholders’ equity: -206,147 USD. These figures underscore a highly leveraged, liquidity-constrained balance sheet with negative equity and constrained operating cash flow.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Operating Income |
-34.79K |
14.97% |
34.22% |
| Net Income |
-43.34K |
74.65% |
84.18% |
| EPS |
0.00 |
79.71% |
86.67% |
Key Financial Ratios
operatingCashFlowPerShare
$-0
Management Commentary
No earnings call transcript is provided in the data. Therefore, there are no management quotes or theme-based highlights to anchor qualitative insights. Investors should anticipate management commentary on financing strategy, project development timelines, and potential partner or equity financing discussions if the company advances Stonewall or related green-technology initiatives.
Forward Guidance
No formal forward guidance was disclosed in the QQ1 2025 data provided. Given the liquidity constraints and negative equity, near-term guidance would plausibly center on securing financing for near-term operations and the Stonewall project, along with milestones for project development and potential technology commercialization. The broader macro environment for mining and green tech capital remains sensitive to commodity price cycles, capex appetite from partners/investors, and any regulatory incentives. Investors should monitor: (1) any announced financing arrangements (debt or equity), (2) progress on Stonewall development milestones and permitting, (3) capex timelines and cash burn trajectory, and (4) changes in working capital management that could alleviate liquidity pressure.