Investment Thesis
IMAC Holdings is in severe financial distress with negative stockholders' equity of -$13.0M, indicating the company is technically insolvent. The company generated only $22.7K in revenue against operating losses of -$6.8M and negative operating cash flow of -$3.8M, demonstrating fundamental business deterioration. With a current ratio of 0.02x and minimal cash reserves of $45.1K against $8.0M in liabilities, the company faces imminent liquidity crisis and potential bankruptcy.
Strengths
Risks
- Negative stockholders' equity of -$13.0M indicates technical insolvency and wipeout risk for equity holders
- Revenue collapse to $22.7K with massive operating losses of -$6.8M indicates core business failure
- Critical liquidity crisis with current ratio of 0.02x and only $45.1K cash against $8.0M total liabilities
- Negative operating cash flow of -$3.8M demonstrates inability to fund operations from business activities
- Long-term debt of $4.4M with no viable path to repayment given negative earnings and minimal revenue
- Extreme negative margins across all profitability metrics indicate fundamental business model failure
Key Metrics to Watch
- Stockholders' equity trend and path to solvency
- Revenue stabilization and return to positive operations
- Operating cash flow and ability to meet debt obligations
- Cash burn rate and runway before insolvency
Financial Metrics
Revenue
22.7K
Net Income
-7.4M
EPS (Diluted)
$-3.11
Free Cash Flow
-4.1M
Total Assets
310.1K
Cash
45.1K
Profitability Ratios
Gross Margin
-1,349.6%
Operating Margin
-29,761.1%
Net Margin
-32,560.3%
ROE
N/A
ROA
-2,386.2%
FCF Margin
-18,015.1%
Balance Sheet & Liquidity
Current Ratio
0.02x
Quick Ratio
0.02x
Debt/Equity
N/A
Debt/Assets
2,574.7%
Interest Coverage
-10.81x
Long-term Debt
4.4M
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: 2026-03-20T15:04:11.619014 |
Data as of: 2025-09-30 |
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