Investment Thesis
Idaho Copper Corp faces severe financial distress with negative stockholders' equity of -$6.5M, indicating the company is technically insolvent. Revenue has collapsed 63.5% year-over-year while operating losses continue to expand, and the company is burning cash at an unsustainable rate with only $24.3K in liquid assets against $6.6M in total liabilities.
Strengths
- Gross margin of 47.8% indicates production economics are viable when operational
- Recent net loss improvement of 40.1% YoY suggests loss reduction trend
- Company maintains long-term mineral assets on balance sheet
Risks
- Negative stockholders' equity of -$6.5M indicates technical insolvency and potential equity wipeout
- Critically low liquidity with current ratio of 0.02x and only $24.3K cash against $6.6M liabilities
- Operating cash flow of -$818.6K and free cash flow of -$908.1K demonstrate unsustainable cash burn
- Revenue decline of 63.5% YoY indicates severe operational contraction and loss of production capacity
- Negative operating margin of -1645.9% shows business is not generating operating profit at any scale
- Zero insider Form 4 filings in last 90 days suggests lack of insider confidence or activity
Key Metrics to Watch
- Quarterly revenue trend and production capacity utilization
- Monthly cash burn rate and runway to insolvency
- Changes in total liabilities and debt restructuring activity
- Operating cash flow trajectory and path to cash flow breakeven
- Stockholders' equity recovery and capital raise completion
Financial Metrics
Revenue
159.4K
Net Income
-3.1M
EPS (Diluted)
$-0.23
Free Cash Flow
-908.1K
Total Assets
192.0K
Cash
24.3K
Profitability Ratios
Gross Margin
47.8%
Operating Margin
-1,645.9%
Net Margin
-1,929.0%
ROE
N/A
ROA
-1,601.4%
FCF Margin
-569.7%
Balance Sheet & Liquidity
Current Ratio
0.02x
Quick Ratio
-0.09x
Debt/Equity
N/A
Debt/Assets
3,461.4%
Interest Coverage
-52.67x
Long-term Debt
569.0K
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: 2026-03-22T20:08:11.588525 |
Data as of: 2026-01-31 |
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