Executive Summary
C2 Blockchain Inc (CBLO) reported QQ3 2024 with an essentially nil revenue baseline and a focused expense footprint, resulting in a net loss of $3,980 for the quarter and an identical EBITDA figure of -$3,980. Operating activity consumed cash by $3,980, while financing activity provided a modest inflow of $3,950 to offset part of the cash burn. Net result: a minimal quarterly cash reduction of $30, ending the period with $60 in cash. The balance sheet presents an alarmingly tight/liquidity-constrained position: total assets of $60 against $48,714 of current liabilities, producing an extremely low liquidity ratio (current, quick, and cash ratios all ~0.00123). Stockholders’ equity sits at -$48,654, reflecting a leveraged, asset-light structure with negative book value.
Key Performance Indicators
Key Insights
Financial performance in QQ3 2024 shows no reported revenue and a remaining cash burn driven purely by G&A-like costs of $3,980. Despite a YoY improvement in profitability metrics (operating income and net income) of approximately 19.1%, the quarter remains deeply unprofitable with an EBITDA of -$3,980 and a net loss of -$3,980. EPS stands at -$0.0000157 for the period. On the cash side, operating cash flow was -$3,980, while financing activities added $3,950, yielding a net cash change of -...
Financial Highlights
Financial performance in QQ3 2024 shows no reported revenue and a remaining cash burn driven purely by G&A-like costs of $3,980. Despite a YoY improvement in profitability metrics (operating income and net income) of approximately 19.1%, the quarter remains deeply unprofitable with an EBITDA of -$3,980 and a net loss of -$3,980. EPS stands at -$0.0000157 for the period. On the cash side, operating cash flow was -$3,980, while financing activities added $3,950, yielding a net cash change of -$30. Ending cash balance was $60. The balance sheet shows total assets of $60 against current liabilities of $48,714, resulting in a current ratio of 0.00123. Leverage is extreme: short-term debt of $48,714 and total liabilities of $48,714, with stockholders’ equity at -$48,654. These numbers imply serious liquidity and solvency risk, with a negative equity position and an asset base far below near-term obligations.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Operating Income |
-3.98K |
19.09% |
-0.51% |
| Net Income |
-3.98K |
19.09% |
-0.51% |
| EPS |
0.00 |
N/A |
-0.50% |
Key Financial Ratios
operatingCashFlowPerShare
$-0
priceEarningsRatio
-494.47
Management Commentary
Note: The provided data set contains an empty earningsTranscript field, and no management quotes were supplied. Consequently, there are no direct transcript highlights or quotes to synthesize. Investors should seek management commentary from the SEC filing c2blockq324f.htm and any subsequent call materials for QQ3 2024 to corroborate the strategic outlook and operating plan.
Transcript not provided in the data set.
—
Transcript not provided in the data set.
—
Forward Guidance
No explicit forward guidance is present in the supplied dataset. Given the current financial position, management commentary (if disclosed elsewhere) would be critical to assess: 1) revenue generation prospects in crypto mining (e.g., contract milestones, miner utilization, or presence of hosted/mining contracts), 2) capital-raising plans or debt restructuring to stabilize liquidity, 3) cost-structure optimization (e.g., G&A discipline, energy efficiency initiatives), and 4) any capex roadmap for sustainable scale. Industry considerations that could shape outlook include BTC price trajectory, mining difficulty trends, energy/capital costs, and regulatory developments affecting crypto mining. Investors should monitor potential liquidity runway, covenant conditions on any financing, and the company’s ability to translate any strategic plan into tangible revenue and margin expansion.