Investment Thesis
AnTix Holdings exhibits critical financial distress with negative stockholders' equity (-$1.1M), acute liquidity crisis (0.02x current ratio with only $13.6K cash), and persistent operating losses (-$2.7M) despite modest revenue growth. The positive net income appears driven by non-operating gains rather than core business fundamentals, while negative operating cash flow (-$75.5K) and negative free cash flow (-$126.2K) indicate unsustainable cash burn.
Strengths
- Modest revenue growth of 5.8% YoY shows modest top-line activity
- Company remains operationally active with ongoing revenue generation
- Positive net income on reported basis suggests some offsetting gains
Risks
- Negative stockholders' equity indicates technical balance sheet insolvency and high bankruptcy risk
- Severe liquidity crisis with current ratio of 0.02x and only $13.6K in cash reserves
- Persistent operating losses (-$2.7M) and negative operating cash flow (-$75.5K) indicate core business is not cash generative
- Negative free cash flow of -$126.2K demonstrates ongoing cash burn unsustainable long-term
- Wide gap between operating loss (-$2.7M) and net income (+$1.3M) suggests reliance on non-recurring items
- Zero insider activity in past 90 days may indicate lack of management confidence
Key Metrics to Watch
- Stockholders' equity trend and path to positive equity
- Operating cash flow and cash burn rate sustainability
- Monthly cash runway given current burn rate and minimal reserves
- Nature and sustainability of non-operating gains offsetting operating losses
Financial Metrics
Revenue
1.8M
Net Income
1.3M
EPS (Diluted)
$0.03
Free Cash Flow
-126.2K
Total Assets
250.4K
Cash
13.6K
Profitability Ratios
Gross Margin
0.0%
Operating Margin
-149.5%
Net Margin
69.5%
ROE
N/A
ROA
506.7%
FCF Margin
-6.9%
Balance Sheet & Liquidity
Current Ratio
0.02x
Quick Ratio
0.02x
Debt/Equity
N/A
Debt/Assets
520.5%
Interest Coverage
-32.14x
Long-term Debt
319.0K
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: 2026-04-11T19:12:19.797371 |
Data as of: 2025-06-30 |
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