Northstar Clean Technologies Inc. focuses on reclaiming and repurposing single-use asphalt shingles in North America. The company faces significant financial challenges, highlighted by a gross margin of -114.3% and a current ratio of only 0.29, indicating liquidity issues. While its innovative approach in the waste management sector is a potential strength, the negative margins and low market cap raise concerns about sustainability and operational efficiency. The steep decline in stock price today further reflects investor apprehension regarding its financial health.
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Company is burning $2.4M per quarter with $6.2M in cash. Approximately 2.6 quarters of runway at current burn rate.
Company posted a loss of $-16.6M over the last year, representing 2389.7% of revenue.
Debt of $58.6M is 9.5x the company's cash position of $6.2M.
Operating cash flow has been negative for 3 consecutive quarters, burning $9.6M over the last year.
No significant opportunities identified
Based on current financial metrics
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Based on 2026-Q2 (June 30, 2026)