Investment Thesis
Abpro Holdings exhibits severe financial distress with massive operating losses (-$6.6M on $183K revenue), negative stockholders equity of -$16.1M, and critical liquidity problems (0.07x current ratio). The company is burning cash at an unsustainable rate (-$5.4M operating cash flow) with minimal revenue generation and no clear path to profitability.
Strengths
- Revenue growth of 50% YoY demonstrates some commercial traction
- Maintains $328K in cash reserves providing short-term runway
- No insider selling activity in past 90 days suggests management confidence
Risks
- Negative stockholders equity of -$16.1M indicates balance sheet insolvency
- Operating margin of -3582% reflects inability to scale operations profitably
- Negative free cash flow of -$5.4M unsustainable; company will deplete cash within months at current burn rate
- Total liabilities ($19.6M) exceed total assets ($1.7M) by 11.5x
- Current ratio of 0.07x indicates severe liquidity crisis and inability to meet short-term obligations
- Net margin of -4660% shows every dollar of revenue generates $46.60 in losses
Key Metrics to Watch
- Cash burn rate and months of runway remaining
- Gross margin achievement when higher revenue volumes reached
- Path to operating cash flow breakeven
- Stockholders equity recovery trajectory
- Revenue growth sustainability
Financial Metrics
Revenue
183.0K
Net Income
-8.5M
EPS (Diluted)
$-4.12
Free Cash Flow
-5.4M
Total Assets
1.7M
Cash
328.0K
Profitability Ratios
Gross Margin
N/A
Operating Margin
-3,582.0%
Net Margin
-4,660.1%
ROE
N/A
ROA
-500.8%
FCF Margin
-2,969.4%
Balance Sheet & Liquidity
Current Ratio
0.07x
Quick Ratio
0.07x
Debt/Equity
N/A
Debt/Assets
1,151.3%
Interest Coverage
N/A
Long-term Debt
N/A
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: 2026-03-19T00:30:10.964639 |
Data as of: 2025-09-30 |
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