Executive Summary
Altair International Corp (ATAO) reported a challenging QQ2 2025 with no revenue disclosed in the period and meaningful cash burn. The company posted an operating loss of 36,150 USD and a net loss of 39,148 USD, translating to EPS of -0.0012. Despite a modest interest expense of 2,998 USD, the absence of revenue left the company with negative EBITDA and a negative operating income of -36,150 USD. Cash flow from operations was deeply negative at -32,950 USD, while financing activities provided a 26,200 USD inflow. The net cash change for the period was -6,750 USD, leaving cash on hand of 461 USD. These liquidity dynamics occur against a balance sheet with total assets of 461 USD and total liabilities of 230,086 USD, resulting in a negative equity position of -229,625 USD and an extreme current ratio of 0.002. The company’s principal leverage appears concentrated in short-term debt (approximately 141.4 million USD) relative to a trivial asset base, signaling a material going-concern risk absent an external capital infusion or material project monetization.
Strategically, Altair maintains its Stonewall project exposure in Nevada and a stated focus on metals, mining, and green technology. However, there is no disclosed revenue trajectory, no updated guidance, and no reported quarterly revenue to anchor a valuation. In this context, the near-term investment case hinges on visibility into project development, potential partnerships or off-take arrangements, and any imminent capital-raising actions. Given the lack of revenue, negative equity, and fragile liquidity, the investment thesis remains highly speculative and contingent on substantive strategic catalysts and external financing.
Overall, the QQ2 2025 results reflect an early-stage, resource-led company navigating severe capital constraints. Investors should monitor capital-raising plans, progress on Stonewall permitting and feasibility milestones, and any signs of operating leverage as the company approaches a potential inflection point for liquidity and strategic value creation.
Key Performance Indicators
Key Insights
Revenue: N/A
Gross Profit: N/A
Operating Income: YoY +31.09%, QoQ -3.92%
Net Income: YoY +2.31%, QoQ +9.68%
EPS: YoY +25.00%, QoQ +14.29%...
Financial Highlights
Revenue: N/A
Gross Profit: N/A
Operating Income: YoY +31.09%, QoQ -3.92%
Net Income: YoY +2.31%, QoQ +9.68%
EPS: YoY +25.00%, QoQ +14.29%
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Operating Income |
-36.15K |
31.09% |
-3.92% |
| Net Income |
-39.15K |
2.31% |
9.68% |
| EPS |
0.00 |
25.00% |
14.29% |
Key Financial Ratios
operatingCashFlowPerShare
$-0
priceEarningsRatio
-11.67
Management Commentary
Earnings transcript not provided in the data set. Consequently, there are no management quotes or thematic highlights to extract. If a transcript becomes available, the highlights should be grouped by themes such as strategy, operations, and market conditions, with quotes and context linked to the company's forward-looking guidance and milestone targets.
Forward Guidance
No formal forward guidance is contained in the provided data. Given the current liquidity stress, ongoing negative profitability, and the limited asset base, management guidance would likely hinge on near-term financing activities, potential partnering or monetization opportunities for the Stonewall project, and any forthcoming permitting or feasibility milestones. Investors should assess the achievability of any capital-raising plans, the timeline for Stonewall feasibility updates, and the sensitivity of the business model to commodity prices and financing terms. Key monitoring factors include: (1) any announced financing or equity raises, (2) updates on Stonewall feasibility and permitting, (3) potential offtake or joint-venture arrangements, and (4) changes in regulatory or macro conditions that could affect access to capital or project economics.