Investment Thesis
Leopard Energy is technically insolvent with negative stockholders' equity of -$60.5K, facing a critical liquidity crisis with current ratio of 0.12x. The company burns $344.9K in free cash flow annually against only $2.1K in revenue and $14K in cash reserves, indicating imminent solvency risk. Revenue growth of 34.9% is insufficient to address fundamental balance sheet insolvency and operational losses exceeding revenues by 300%.
Strengths
- Positive YoY revenue growth of 34.9% demonstrates some demand signal
- Maintains $14K cash reserves for immediate operational needs
- No disclosed long-term debt reducing refinancing risk
Risks
- Negative stockholders' equity of -$60.5K indicates technical insolvency
- Catastrophic liquidity crisis with current ratio 0.12x and liabilities exceeding assets by $60.5K
- Free cash flow burn of -$344.9K annually against minimal $14K cash reserves signals imminent cash depletion
- Operating losses of -$6.2K dwarf revenue of $2.1K (negative operating margin -298.9%)
- Capital expenditure of $317.3K is irrational relative to $2.1K revenue base
- Zero insider activity in last 90 days suggests possible delisting or abandonment risk
Key Metrics to Watch
- Stockholders' equity trend and path to positive balance sheet
- Monthly cash burn rate and cash runway remaining
- Revenue growth sustainability and ability to scale operations profitably
- Capital expenditure justification and expected ROI from $317.3K spend
- Operating cash flow improvement toward positive territory
Financial Metrics
Revenue
2.1K
Net Income
-6.4K
EPS (Diluted)
$-0.01
Free Cash Flow
-344.9K
Total Assets
53.3K
Cash
14.0K
Profitability Ratios
Gross Margin
100.0%
Operating Margin
-298.9%
Net Margin
-307.5%
ROE
N/A
ROA
-12.1%
FCF Margin
-16,509.2%
Balance Sheet & Liquidity
Current Ratio
0.12x
Quick Ratio
0.12x
Debt/Equity
N/A
Debt/Assets
213.4%
Interest Coverage
-69.38x
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: 2026-04-12T11:57:22.885544 |
Data as of: 2026-01-31 |
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