Abits Group Inc - Understand $abts stock

$ABTS Market Cap: $22.4 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$5.478M

TTM

Gross Margin

-71.26%

TTM

Net Earnings

-$34.22M

TTM

Current Assets

$767.4K

Q2 2024

Current Liabilities

$920.7K

Q2 2024

Current Ratio

83.35%

Q2 2024

Total Assets

$12.20M

Q2 2024

Total Liabilities

$920.7K

Q2 2024

Book Value

$11.28M

Q2 2024

Cash

$396.6K

Q2 2024

P/E

-0.6545

Nov 29, 2024 EST

Free Cash Flow

-$10.09M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.682M	$164.4K	$219.3K	$950.0K	$370.0K	$340.0K	$90.00K	$20.00K	$80.00K	$60.00K	$0.00	$0.00	$0.00	$0.00
YoY Change	922.66%	-25.03%	-76.91%	156.76%	8.82%	277.78%	350.0%	-75.0%	33.33%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.682M	$164.4K	$219.3K	$950.0K	$370.0K	$340.0K	$90.00K	$20.00K	$80.00K	$60.00K	$0.00	$0.00	$0.00	$0.00
Cost Of Revenue	$891.9K	$461.3K			$0.00	$10.00K	$20.00K	$0.00	$30.00K	$20.00K	$0.00	$0.00	$0.00
Gross Profit	$789.6K	-$296.9K	$219.3K		$370.0K	$330.0K	$80.00K	$20.00K	$60.00K	$40.00K	$0.00	$0.00	$0.00
Gross Profit Margin	46.96%	-180.54%	100.0%		100.0%	97.06%	88.89%	100.0%	75.0%	66.67%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Selling, General & Admin	$4.531M	$18.89M	$3.085M	$870.0K	$900.0K	$5.940M	$7.430M	$5.600M	$5.440M	$2.180M	$30.00K	$30.00K	$10.00K	$0.00
YoY Change	-76.01%	512.12%	254.65%	-3.33%	-84.85%	-20.05%	32.68%	2.94%	149.54%	7166.67%	0.0%	200.0%
% of Gross Profit	573.82%		1406.77%		243.24%	1800.0%	9287.5%	28000.0%	9066.67%	5450.0%
Research & Development					$0.00	$2.250M	$2.150M	$2.590M
YoY Change					-100.0%	4.65%	-16.99%
% of Gross Profit					0.0%	681.82%	2687.5%	12950.0%
Depreciation & Amortization	$4.974M	$6.265M	$0.00		$0.00	$700.0K	$1.100M	$1.880M	$840.0K	$80.00K	$0.00
YoY Change	-20.61%				-100.0%	-36.36%	-41.49%	123.81%	950.0%
% of Gross Profit	629.89%		0.0%		0.0%	212.12%	1375.0%	9400.0%	1400.0%	200.0%
Operating Expenses	$4.531M	$18.89M	$3.085M	$870.0K	$900.0K	$8.870M	$10.67M	$10.08M	$6.280M	$2.250M	$30.00K	$30.00K	$10.00K	$0.00
YoY Change	-76.01%	512.12%	254.65%	-3.33%	-89.85%	-16.87%	5.85%	60.51%	179.11%	7400.0%	0.0%	200.0%
Operating Profit	-$11.01M	-$19.26M	-$2.866M		-$530.0K	-$8.540M	-$10.59M	-$10.06M	-$6.220M	-$2.210M	-$30.00K	-$30.00K	-$10.00K
YoY Change	-42.82%	571.99%			-93.79%	-19.36%	5.27%	61.74%	181.45%	7266.67%	0.0%	200.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2019	2018	2017	2016	2015	2014	2013
Interest Expense	$92.12K	-$617.6K	-$55.07K	$0.00	-$60.00K	$0.00	-$480.0K	$0.00	$20.00K	$0.00
YoY Change	-114.91%	1021.55%		-100.0%		-100.0%		-100.0%
% of Operating Profit
Other Income/Expense, Net	-$1.488M	-$1.667M	$181.4K	$0.00	$10.00K	$10.00K
YoY Change	-10.71%	-1019.07%		-100.0%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Pretax Income	-$12.59M	-$22.54M	-$2.740M	$70.00K	-$530.0K	-$8.600M	-$13.60M	-$13.86M	-$6.230M	-$4.790M	-$30.00K	-$30.00K	-$10.00K	$0.00
YoY Change	-44.18%	722.84%	-4014.07%	-113.21%	-93.84%	-36.76%	-1.88%	122.47%	30.06%	15866.67%	0.0%	200.0%
Income Tax	$0.00		$0.00	$0.00	$0.00	$0.00	$100.0K	-$50.00K	-$50.00K	$0.00	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income				0.0%
Net Earnings	-$12.59M	-$22.54M	-$2.740M	$70.00K	-$530.0K	-$8.600M	-$13.69M	-$13.81M	-$6.170M	-$4.790M	-$30.00K	-$30.00K	-$10.00K	$0.00
YoY Change	-44.18%	722.84%	-4014.07%	-113.21%	-93.84%	-37.18%	-0.87%	123.82%	28.81%	15866.67%	0.0%	200.0%
Net Earnings / Revenue	-748.44%	-13710.98%	-1249.19%	7.37%	-143.24%	-2529.41%	-15211.11%	-69050.0%	-7712.5%	-7983.33%
Basic Earnings Per Share	-$0.36	-$0.66	-$0.15
Diluted Earnings Per Share	-$0.36	-$0.66	-$0.14	$4.324K	-$32.74K	-$638.5K	-$1.028M	-$852.5K	-$308.5K	-$241.6K	-$1.513K	-$1.513K	-$528.30	$0.00

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$884.2K	$2.505M	$2.507M	$10.00K	$430.0K	$130.0K	$20.00K	$80.00K	$2.400M	$1.770M	$0.00	$0.00	$0.00	$0.00
YoY Change	-64.71%	-0.08%	24974.0%	-97.67%	230.77%	550.0%	-75.0%	-96.67%	35.59%
Cash & Equivalents	$884.2K	$2.505M	$2.507M	$10.00K	$430.0K	$130.0K	$20.00K	$80.00K	$2.400M	$1.770M	$0.00	$0.00	$0.00	$0.00
Short-Term Investments
Other Short-Term Assets					$940.0K	$1.110M	$190.0K	$490.0K	$1.040M	$740.0K	$0.00	$0.00	$0.00	$10.00K
YoY Change					-15.32%	484.21%	-61.22%	-52.88%	40.54%				-100.0%
Inventory						$0.00	$0.00	$10.00K	$40.00K	$0.00
Prepaid Expenses
Receivables		$0.00	$229.7K	$1.460M								$0.00	$40.00K	$0.00
Other Receivables		$2.385M	$0.00	$830.0K								$0.00	$0.00	$0.00
Total Short-Term Assets	$1.659M	$4.890M	$2.737M	$2.300M	$2.530M	$300.0K	$170.0K	$1.020M	$3.480M	$2.510M	$0.00	$0.00	$40.00K	$10.00K
YoY Change	-66.08%	78.67%	19.0%	-9.09%	743.33%	76.47%	-83.33%	-70.69%	38.65%			-100.0%	300.0%
Property, Plant & Equipment	$9.466M	$19.64M	$5.000M	$0.00	$0.00	$0.00	$690.0K	$1.510M	$2.940M	$350.0K	$0.00
YoY Change	-51.81%	292.82%				-100.0%	-54.3%	-48.64%	740.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.194M	$7.088M	$5.000M
YoY Change	-83.15%	41.76%
Other Assets						$0.00	$500.0K	$100.0K	$50.00K
YoY Change						-100.0%	400.0%	100.0%
Total Long-Term Assets	$10.66M	$19.64M	$5.000M	$0.00	$0.00	$0.00	$1.190M	$4.910M	$9.590M	$350.0K	$0.00	$0.00	$0.00	$0.00
YoY Change	-45.73%	292.82%				-100.0%	-75.76%	-48.8%	2640.0%
Total Assets	$12.32M	$24.53M	$7.737M	$2.300M	$2.530M	$300.0K	$1.360M	$5.930M	$13.07M	$2.860M	$0.00	$0.00	$40.00K	$10.00K
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$1.006M	$613.5K	$434.8K	$800.0K	$1.560M	$3.100M	$1.860M	$1.390M	$600.0K	$300.0K	$10.00K	$0.00	$10.00K	$10.00K
YoY Change	63.92%	41.1%	-45.65%	-48.72%	-49.68%	66.67%	33.81%	131.67%	100.0%	2900.0%		-100.0%	0.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$360.0K	$500.0K	$1.310M	$1.350M	$0.00	$0.00	$2.130M	$0.00	$0.00	$0.00	$0.00
YoY Change			-100.0%	-28.0%	-61.83%	-2.96%			-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.006M	$613.5K	$1.170M	$1.890M	$2.380M	$10.68M	$4.320M	$5.940M	$7.570M	$7.450M	$10.00K	$0.00	$10.00K	$10.00K
YoY Change	63.92%	-47.57%	-38.09%	-20.59%	-77.72%	147.22%	-27.27%	-21.53%	1.61%	74400.0%		-100.0%	0.0%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Total Liabilities	$1.006M	$613.5K	$1.170M	$1.890M	$2.380M	$10.68M	$4.320M	$5.940M	$7.570M	$7.450M	$10.00K	$0.00	$10.00K	$10.00K
YoY Change	63.92%	-47.57%	-38.09%	-20.59%	-77.72%	147.22%	-27.27%	-21.53%	1.61%	74400.0%		-100.0%	0.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021
Basic Shares Outstanding	35.55M shares	34.22M shares	18.94M shares
Diluted Shares Outstanding	35.55M shares	34.22M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $22.396 Million

About Abits Group Inc

Abits Group, Inc. engages in the provision of Internet media marketing services in China and bitcoin mining and related services in the United States. The company employs 11 full-time employees The company went IPO on 2013-10-28.

Industry: Finance Services Peers: Oriental Culture Holding LTD