Investment Thesis
Pineapple Inc. is technically insolvent with negative stockholders' equity of -$2.3M, liabilities exceeding assets by $2.3M. The company generated virtually no revenue ($90) while incurring $1.0M in net losses, indicating operational failure or dormancy. With only $1.5K in cash and a current ratio of 0.00x, the company faces immediate solvency risk and cannot meet near-term obligations.
Strengths
- Minimal ongoing operating cash burn (-$63.1K generated vs expenses suggests some asset liquidation activity)
- Positive free cash flow of $6.5K suggests marginal asset realization
- Total assets of $8.1M provide theoretical liquidation value floor
Risks
- Negative stockholders equity of -$2.3M indicates technical insolvency and potential bankruptcy
- Revenue of $90 in latest period demonstrates non-operational status or complete business failure
- Cash position of $1.5K with liabilities of $10.4M creates imminent liquidity crisis
- Current ratio of 0.00x indicates zero ability to cover current obligations
- Stale data from 2023-09-30 suggests company may be defunct or delisted
Key Metrics to Watch
- Stockholders equity trend - any further deterioration signals accelerated insolvency
- Quarterly revenue and gross margin recovery - company must generate meaningful sales
- Cash balance and burn rate - critical for assessing bankruptcy timeline
- Subsequent SEC filings or status - determine if company remains operational
Financial Metrics
Revenue
90.0
Net Income
-1.0M
EPS (Diluted)
$-0.01
Free Cash Flow
6.5K
Total Assets
8.1M
Cash
1.5K
Profitability Ratios
Gross Margin
-711,711.1%
Operating Margin
-1,106,971.1%
Net Margin
-1,137,344.4%
ROE
N/A
ROA
-12.6%
FCF Margin
7,256.7%
Balance Sheet & Liquidity
Current Ratio
0.00x
Quick Ratio
0.00x
Debt/Equity
N/A
Debt/Assets
128.6%
Interest Coverage
-18.51x
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: 2026-04-14T11:54:18.615391 |
Data as of: 2023-09-30 |
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