Investment Thesis
Greenway Technologies is technically insolvent with negative stockholders' equity of -$15.6M and zero revenue, indicating complete operational collapse. The company faces an acute liquidity crisis with a current ratio of 0.01x and only $36.6K in cash against $674.5K annual operating cash burn, pointing to imminent insolvency or bankruptcy within months.
Strengths
- Minimal cash reserves of $36.6K still available
- No capital expenditures wasting additional resources
- Small debt maturity profile relative to remaining obligations
Risks
- Negative shareholders' equity of -$15.6M indicates technical insolvency
- Zero revenue means business is completely non-operational
- Critical liquidity crisis with current ratio of 0.01x; cannot meet short-term obligations
- Operating cash burn of $674.5K annually with only weeks of cash runway
- Unable to service $1.2M long-term debt; negative interest coverage of -5.8x
- Going concern doubt; bankruptcy or forced liquidation highly probable
- No insider activity in 90 days suggests lack of confidence or management abandonment
Key Metrics to Watch
- Cash depletion timeline and remaining runway
- Revenue recovery status and operational restart milestones
- Debt restructuring negotiations or covenant violations
- Stockholders' equity recovery trajectory
Financial Metrics
Revenue
0.0
Net Income
-3.4M
EPS (Diluted)
$-0.01
Free Cash Flow
-674.5K
Total Assets
105.5K
Cash
36.6K
Profitability Ratios
Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
ROE
N/A
ROA
-3,224.3%
FCF Margin
N/A
Balance Sheet & Liquidity
Current Ratio
0.01x
Quick Ratio
0.01x
Debt/Equity
N/A
Debt/Assets
9,789.6%
Interest Coverage
-5.80x
Long-term Debt
1.2M
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: 2026-04-10T23:06:21.809866 |
Data as of: 2025-09-30 |
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