SATO Technologies Corp. operates in the cryptocurrency mining sector in Canada. The company faces significant financial challenges, highlighted by a gross margin of -43.2% and a net margin of -81.2%, indicating ongoing losses. Additionally, a current ratio of 0.28 suggests liquidity concerns, raising questions about its ability to meet short-term obligations. While the recent 22.22% price increase may reflect market interest, the overall financial health score of 10/100 signals substantial risks for potential investors.
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Company has $275K in cash but burned $2.5M last quarter. At this burn rate, only 0.1 quarters of runway remain without additional financing.
Revenue fell 31.2% year-over-year from $11.9M to $8.2M. The decline has persisted for multiple quarters.
Company posted a loss of $-4.9M over the last year, representing 60.1% of revenue.
Debt of $5.5M is 19.9x the company's cash position of $275K.
Operating cash flow has been negative for 3 consecutive quarters, burning $9.8M over the last year.
No significant opportunities identified
Based on current financial metrics
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Based on 2026-Q2 (June 30, 2026)