Detailed financial statements for Aether Holdings, Inc. Common Stock (ATHR): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
Aether Holdings, Inc., a financial technology firm established in 2023 and headquartered in New York, New York, specializes in creating and managing fintech platforms across the United States. Its flagship offering is SentimenTrader.com, a sophisticated cloud-based software that furnishes equity traders with exclusive research analysis, comprehensive data, and essential trading utilities.
Analysis Summary
Trailing-twelve-month margins: gross margin 79.3%, operating margin -383.7%, net margin -378.5%.
At the current price of $3.47, ATHR has negative trailing earnings (P/E not meaningful) and an ROE of -181.27%. Market capitalisation stands at $42M.
Balance sheet quality for ATHR: current ratio of 9.2. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Income Statement (10y)
| Year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | $1.6M | $1.6M | $1.4M | $1.4M |
| Cost of Revenue | $407191 | $409705 | $445466 | $403381 |
| Gross Profit | $1.2M | $1.1M | $994630 | $977469 |
| Research & Development | 0 | $100000 | $150000 | $52500 |
| Selling, General & Admin | $1.2M | $1.3M | $1.8M | $4.2M |
| Operating Expenses | $1.2M | $1.4M | $1.9M | $4.2M |
| Operating Income | -$21410 | -$295747 | -$939436 | -$3.3M |
| EBITDA | -$18211 | -$293429 | -$937342 | -$3.1M |
| Interest Expense | 0 | 0 | 0 | 0 |
| Pre-tax Income | -$21410 | -$295747 | -$939436 | -$3.1M |
| Income Tax | 0 | 0 | 0 | $5298 |
| Net Income | -$14987 | -$277377 | -$939436 | -$3.1M |
| EPS | $-0.00 | $-0.02 | $-0.08 | $-0.29 |
| EPS (Diluted) | $-0.00 | $-0.02 | $-0.08 | $-0.29 |
| Shares Outstanding (Diluted) | $11.8M | $11.8M | $11.8M | $11.0M |
Balance Sheet (10y)
| Year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash & Equivalents | $260259 | $98106 | $557823 | $4.4M |
| Short-term Investments | 0 | 0 | 0 | 0 |
| Receivables | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 |
| Total Current Assets | $260259 | $110866 | $716126 | $4.8M |
| Property, Plant & Equipment | $7727 | $5409 | $3315 | $4069 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | $40850 |
| Total Assets | $267986 | $116275 | $719441 | $5.0M |
| Accounts Payable | $4075 | $116839 | $1186 | $67430 |
| Short-term Debt | $40000 | 0 | 0 | 0 |
| Total Current Liabilities | $578637 | $789340 | $603361 | $519078 |
| Long-term Debt | 0 | 0 | 0 | 0 |
| Total Liabilities | $578637 | $789340 | $603361 | $519078 |
| Retained Earnings | -$299634 | -$1.1M | -$2.1M | -$5.2M |
| Total Equity | -$290134 | -$673065 | $116080 | $4.5M |
| Total Debt | $40000 | 0 | 0 | 0 |
| Net Debt | -$220259 | -$98106 | -$557823 | -$4.4M |
| Working Capital | -$318378 | -$678474 | $112765 | $4.3M |
Cash Flow (10y)
| Year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Net Income | -$21410 | -$295747 | -$939436 | -$3.1M |
| Depreciation & Amortization | $3199 | $2318 | $2094 | $1063 |
| Stock-based Compensation | 0 | $434895 | $222919 | 0 |
| Change in Working Capital | $135723 | $63637 | -$138957 | -$430070 |
| Operating Cash Flow | $117512 | $205103 | -$853380 | -$3.6M |
| Capital Expenditure | 0 | -$3 | 0 | -$250667 |
| Acquisitions | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 |
| Dividends Paid | -$30512 | -$71194 | 0 | 0 |
| Free Cash Flow | $117512 | $205103 | -$853380 | -$3.8M |
Growth & Margins (10y)
| Year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth (YoY) | -1.9% | -7.4% | -4.1% | |
| Net Income Growth (YoY) | -1750.8% | -238.7% | -234.4% | |
| EPS Growth (YoY) | -1700.0% | -239.3% | -265.2% | |
| Shares Change (YoY) | +0.0% | +0.0% | -7.0% | |
| FCF Growth (YoY) | +74.5% | -516.1% | -347.7% | |
| Gross Margin | 74.3% | 73.7% | 69.1% | 70.8% |
| Operating Margin | -1.3% | -19.0% | -65.2% | -235.5% |
| EBITDA Margin | -1.1% | -18.9% | -65.1% | -227.0% |
| Net Margin | -0.9% | -17.8% | -65.2% | -227.5% |
| FCF Margin | 7.4% | 13.2% | -59.3% | -276.7% |
| Effective Tax Rate | -0.0% | -0.0% | -0.0% | -0.2% |
Per-Share Data (10y)
| Year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| FCF Per Share | $0.01 | $0.02 | $-0.07 | $-0.35 |
| Dividends Per Share | $0.00 | $0.01 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $11.8M | $11.8M | $11.8M | $11.0M |
What to look at in Technology companies
- Revenue growth 3y (>=15%/year) — Validates sustained traction, not a one-off.
- Gross margin (Sub-sector dependent) — SaaS >=70%, Internet >=55%, Semis >=45%, Hardware >=35%.
- FCF / Revenue (>=20%) — Real cash generated. Many tech firms dress up non-GAAP earnings.
- ROIC (>=15%) — Capital reinvested efficiency — Buffett's first metric.
- SBC / Revenue (<10% healthy) — Stock-based compensation. Silent dilution: >20% destroys value.
- Net Debt / EBITDA (<=2x (1.5x SaaS)) — Resilience in downturns and rate hikes.
Profitability
| Return on Equity | -181.27% |
| Return on Invested Capital | -134.27% |
| Return on Assets | -109.83% |
| Gross Margin | 79.29% |
| Operating Margin | -383.68% |
| Net Margin | -378.47% |
Financial Health
| Debt / Equity | 2.78 |
| Current Ratio | 3.37 |
| Piotroski F-Score | 4 |
| Altman Z-Score | 74.32 |
Key Ratios (10y)
| Year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| P/E | -4423.08 | -245.73 | -72.42 | -20.76 |
| P/B | -234.48 | -101.07 | 586.06 | 14.67 |
| P/S | 42.89 | 43.73 | 47.24 | 47.99 |
| Gross Margin | 74.3% | 73.7% | 69.1% | 70.8% |
| Operating Margin | -1.3% | -19.0% | -65.2% | -235.5% |
| Net Margin | -0.9% | -17.8% | -65.2% | -227.5% |
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Explore sector: Technology · Software - Application
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