TSX-V

BlockchainK2 Corp.

BITK.V•Technology•Software - Infrastructure
Current Price
$0.03
Today's Change
+0.00%
Market Cap
$1.17M
Volume
7.00K

💡 Quick Take

BlockchainK2 Corp. focuses on investing in blockchain technology solutions for capital markets. The company faces significant concerns, notably a negative return on assets (ROA) of -128.2% and a low current ratio of 0.10, indicating liquidity issues. With a market cap of only $1.17 million and a stock price of $0.03, the valuation appears weak, raising questions about its financial viability. Overall, while the blockchain sector holds potential, BlockchainK2's financial health presents considerable risks for investors.

Based on 18 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.13
52 Week Low$0.03
Avg Volume31.34K
Beta1.47
Shares Outstanding39.01M

🔥 Valuation

Market Cap$1.17M
Enterprise Value$1.22M
P/E Ratio-1.01
EV/EBITDA-2.12x
Dividend Yield0.00%

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🚩 Red Flags

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Cash Runway Critical

Company has $60K in cash but burned $51K last quarter. At this burn rate, only 1.2 quarters of runway remain without additional financing.

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Margin Compression

Gross profit margin declined from 99.2% to 88.9% year-over-year, suggesting pricing pressure or rising input costs are squeezing profitability.

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Significant Losses

Company posted a loss of $-1.4M over the last year, representing 479.7% of revenue.

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High Debt Load

Debt of $301K is 5.0x the company's cash position of $60K.

🌟 Opportunities

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Exceptional revenue growth of 105.7% YoY demonstrates strong market demand and competitive positioning.

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Operating margin expanded by 399.0pp, demonstrating strong operational leverage.

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Exceptional gross margin of 88.9% indicates strong pricing power and competitive moat.

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