Investment Thesis
AmBase Corp is in severe financial distress with negative stockholders' equity of -$7.9M, indicating the company is technically insolvent. The company is burning cash with -$1.8M operating cash flow and -$3.8M net loss, while carrying $3.5M in long-term debt against only $239K in cash reserves. The lack of revenue data combined with massive operating losses and inability to cover interest expenses makes this a fundamentally broken business.
Strengths
Risks
- Negative stockholders' equity of -$7.9M indicates technical insolvency
- Operating cash burn of -$1.8M with minimal cash reserves of $239K creates imminent liquidity crisis
- Liabilities of $8.1M exceed assets of $239K by 33.9x, signaling bankruptcy risk
- Negative interest coverage of -32.0x demonstrates inability to service debt obligations
- Missing revenue data combined with -$3.8M net loss suggests non-operational or distressed entity
- No insider buying activity and deteriorating fundamentals indicate loss of management confidence
Key Metrics to Watch
- Stockholders equity trajectory - any improvement from -$7.9M negative level
- Monthly cash burn rate and runway before cash depletion
- Debt restructuring or refinancing activity as current capital structure is unsustainable
Financial Metrics
Revenue
N/A
Net Income
-3.8M
EPS (Diluted)
$-1.65
Free Cash Flow
-1.8M
Total Assets
239.0K
Cash
239.0K
Profitability Ratios
Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
ROE
N/A
ROA
-1,575.7%
FCF Margin
N/A
Balance Sheet & Liquidity
Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
N/A
Debt/Assets
3,401.7%
Interest Coverage
-32.00x
Long-term Debt
3.5M
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings.
It does not include stock price data and should not be considered financial advice.
All fundamental data is sourced from SEC public domain filings.
Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR |
Analysis Date: 2026-03-18T22:00:14.515569 |
Data as of: 2025-09-30 |
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