Is Adit EdTech Acquisition Corp. (ADEX) a Buy, Sell, or Hold?
NYSE : ADEX
Adit EdTech Acquisition Corp. — Financials
$5.38 USD
$0.23 (4.47%)
- Volume
- 53.18K
- Average Volume
- 12.05K
- Market Capitalization
- $47.88M
- P/E Ratio
- -5.72
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $12.39
- Year Low
- $3.07
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $0.13
ADEX Financial Statements
| date | 2022-12-31 | 2021-12-31 |
|---|---|---|
| revenue | 22.36M | 30.83M |
| costOfRevenue | 12.23M | 5.05M |
| grossProfit | 10.12M | 25.77M |
| researchAndDevelopmentExpenses | - | - |
| generalAndAdministrativeExpenses | 20.5M | 11.39M |
| sellingAndMarketingExpenses | 102K | 34000 |
| sellingGeneralAndAdministrativeExpenses | 20.6M | 11.43M |
| otherExpenses | 200K | 204K |
| operatingExpenses | 27.73M | 14.76M |
| costAndExpenses | 39.96M | 19.82M |
| netInterestIncome | -14.37M | -4.23M |
| interestIncome | - | - |
| interestExpense | 14.37M | 4.23M |
| depreciationAndAmortization | 7.13M | 3.34M |
| ebitda | -28.18M | 10.61M |
| ebit | -35.31M | 7.28M |
| nonOperatingIncomeExcludingInterest | 15.56M | 13.41M |
| operatingIncome | -19.74M | 20.68M |
| totalOtherIncomeExpensesNet | -42.16M | -31.54M |
| incomeBeforeTax | -61.9M | -10.86M |
| incomeTaxExpense | -298K | 775K |
| netIncomeFromContinuingOperations | -61.61M | -11.64M |
| netIncomeFromDiscontinuedOperations | - | - |
| otherAdjustmentsToNetIncome | - | - |
| netIncome | -61.61M | -11.64M |
| netIncomeDeductions | - | - |
| bottomLineNetIncome | -61.61M | -11.64M |
| eps | -0.94 | -0.18 |
| date | 2022-12-31 | 2021-12-31 |
|---|---|---|
| cashAndCashEquivalents | 646K | 286K |
| shortTermInvestments | - | - |
| cashAndShortTermInvestments | 646K | 286K |
| netReceivables | 296K | 394K |
| accountsReceivables | - | - |
| otherReceivables | 296K | 394K |
| inventory | - | - |
| prepaids | - | - |
| otherCurrentAssets | 229K | 15.32M |
| totalCurrentAssets | 1.17M | 16M |
| propertyPlantEquipmentNet | 44.58M | 22.63M |
| goodwill | - | - |
| intangibleAssets | - | - |
| goodwillAndIntangibleAssets | - | - |
| longTermInvestments | 68000 | 519K |
| taxAssets | - | - |
| otherNonCurrentAssets | 323K | 10.32M |
| totalNonCurrentAssets | 44.97M | 33.47M |
| otherAssets | - | - |
| totalAssets | 46.14M | 49.47M |
| totalPayables | 4.6M | 1.12M |
| accountPayables | 4.6M | 1.12M |
| otherPayables | - | - |
| accruedExpenses | - | - |
| shortTermDebt | 1.25M | - |
| capitalLeaseObligationsCurrent | - | - |
| taxPayables | - | - |
| deferredRevenue | - | - |
| otherCurrentLiabilities | 3.18M | 2.16M |
| totalCurrentLiabilities | 9.02M | 3.28M |
| longTermDebt | 48.08M | 31.68M |
| capitalLeaseObligationsNonCurrent | - | - |
| deferredRevenueNonCurrent | 195K | 195K |
| deferredTaxLiabilitiesNonCurrent | 229K | 655K |
| otherNonCurrentLiabilities | 76.93M | 38.23M |
| totalNonCurrentLiabilities | 125.43M | 70.77M |
| otherLiabilities | - | - |
| capitalLeaseObligations | - | - |
| totalLiabilities | 134.45M | 74.04M |
| treasuryStock | - | - |
| preferredStock | - | - |
| commonStock | - | - |
| retainedEarnings | -90.68M | -26.94M |
| additionalPaidInCapital | - | - |
| date | 2022-12-31 | 2021-12-31 |
|---|---|---|
| netIncome | -61.61M | -11.64M |
| depreciationAndAmortization | 7.13M | 3.34M |
| deferredIncomeTax | 30.13M | 17.65M |
| stockBasedCompensation | 132K | 191K |
| changeInWorkingCapital | 7.93M | 3.31M |
| accountsReceivables | - | - |
| inventory | - | - |
| accountsPayables | 4.89M | 1.12M |
| otherWorkingCapital | 3.04M | 2.19M |
| otherNonCashItems | -3.21M | -27.67M |
| netCashProvidedByOperatingActivities | -19.5M | -14.82M |
| investmentsInPropertyPlantAndEquipment | -21.49M | -24.79M |
| acquisitionsNet | - | - |
| purchasesOfInvestments | - | - |
| salesMaturitiesOfInvestments | - | - |
| otherInvestingActivities | 27.46M | 28.29M |
| netCashProvidedByInvestingActivities | 5.97M | 3.5M |
| netDebtIssuance | - | - |
| longTermNetDebtIssuance | - | - |
| shortTermNetDebtIssuance | - | - |
| netStockIssuance | - | - |
| netCommonStockIssuance | - | - |
| commonStockIssuance | - | - |
| commonStockRepurchased | - | - |
| netPreferredStockIssuance | - | - |
| netDividendsPaid | - | - |
| commonDividendsPaid | - | - |
| preferredDividendsPaid | - | - |
| otherFinancingActivities | 13.88M | 11.9M |
| netCashProvidedByFinancingActivities | 13.88M | 11.9M |
| date | 2024-06-30 | 2023-09-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|
| revenue | 4.71M | - | 4.75M | 6.12M |
| costOfRevenue | 3.09M | - | 3.27M | 3.01M |
| grossProfit | 1.62M | - | 1.48M | 3.11M |
| researchAndDevelopmentExpenses | - | - | - | - |
| generalAndAdministrativeExpenses | 4.9M | - | 3.64M | 5.82M |
| sellingAndMarketingExpenses | - | - | 2000 | 37000 |
| sellingGeneralAndAdministrativeExpenses | 4.9M | - | 3.65M | 5.86M |
| otherExpenses | 2.8M | - | 453K | 119K |
| operatingExpenses | 7.7M | - | 5.19M | 7.66M |
| costAndExpenses | 10.79M | - | 8.46M | 10.67M |
| netInterestIncome | - | - | -6.42M | -2.62M |
| interestIncome | - | - | - | - |
| interestExpense | -6.25M | - | 6.42M | 2.62M |
| depreciationAndAmortization | 949K | 209.3K | 235.55K | -2.92M |
| ebitda | 27.45M | - | -1.71M | -2.63M |
| ebit | - | - | 1.92M | -5.73M |
| nonOperatingIncomeExcludingInterest | - | - | -5.33M | -304K |
| operatingIncome | -6.08M | - | -3.41M | -6.03M |
| totalOtherIncomeExpensesNet | 38.82M | - | -7.8M | -3.45M |
| incomeBeforeTax | 32.75M | - | -11.21M | -9.48M |
| incomeTaxExpense | 8.04M | - | -396K | -82000 |
| netIncomeFromContinuingOperations | - | - | -10.81M | -9.4M |
| netIncomeFromDiscontinuedOperations | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - |
| netIncome | 24.71M | - | -10.81M | -9.4M |
| netIncomeDeductions | - | - | - | - |
| bottomLineNetIncome | 24.71M | - | -10.81M | -9.4M |
| eps | 0.35 | -0.18 | -0.16 | -0.14 |
| date | 2024-06-30 | 2023-06-30 |
|---|---|---|
| cashAndCashEquivalents | 274K | 629K |
| shortTermInvestments | - | - |
| cashAndShortTermInvestments | 274K | 629K |
| netReceivables | 1.04M | 1.12M |
| accountsReceivables | 1.04M | - |
| otherReceivables | - | 1.12M |
| inventory | - | - |
| prepaids | - | - |
| otherCurrentAssets | 1.3M | 485K |
| totalCurrentAssets | 2.61M | 2.23M |
| propertyPlantEquipmentNet | 34.1M | 41.1M |
| goodwill | - | - |
| intangibleAssets | - | - |
| goodwillAndIntangibleAssets | - | - |
| longTermInvestments | - | - |
| taxAssets | - | - |
| otherNonCurrentAssets | 4.89M | 418K |
| totalNonCurrentAssets | 38.98M | 41.51M |
| otherAssets | - | 1000 |
| totalAssets | 41.6M | 43.75M |
| totalPayables | 11.94M | 3.22M |
| accountPayables | 11.94M | 3.22M |
| otherPayables | - | - |
| accruedExpenses | - | - |
| shortTermDebt | 24.71M | 5.02M |
| capitalLeaseObligationsCurrent | - | - |
| taxPayables | 8.83M | - |
| deferredRevenue | 195K | - |
| otherCurrentLiabilities | 12.9M | 3.72M |
| totalCurrentLiabilities | 70.52M | 11.96M |
| longTermDebt | 2.07M | 51.87M |
| capitalLeaseObligationsNonCurrent | - | - |
| deferredRevenueNonCurrent | - | 195K |
| deferredTaxLiabilitiesNonCurrent | 2.27M | - |
| otherNonCurrentLiabilities | 649K | 90.03M |
| totalNonCurrentLiabilities | 4.98M | 142.1M |
| otherLiabilities | - | - |
| capitalLeaseObligations | - | - |
| totalLiabilities | 75.51M | 154.06M |
| treasuryStock | - | - |
| preferredStock | - | - |
| commonStock | 7000 | - |
| retainedEarnings | -89.18M | -112.68M |
| additionalPaidInCapital | - | - |
| date | 2024-06-30 |
|---|---|
| netIncome | 24.71M |
| depreciationAndAmortization | 949K |
| deferredIncomeTax | 8.04M |
| stockBasedCompensation | - |
| changeInWorkingCapital | - |
| accountsReceivables | - |
| inventory | - |
| accountsPayables | - |
| otherWorkingCapital | - |
| otherNonCashItems | - |
| netCashProvidedByOperatingActivities | - |
| investmentsInPropertyPlantAndEquipment | - |
| acquisitionsNet | - |
| purchasesOfInvestments | - |
| salesMaturitiesOfInvestments | - |
| otherInvestingActivities | - |
| netCashProvidedByInvestingActivities | - |
| netDebtIssuance | - |
| longTermNetDebtIssuance | - |
| shortTermNetDebtIssuance | - |
| netStockIssuance | - |
| netCommonStockIssuance | - |
| commonStockIssuance | - |
| commonStockRepurchased | - |
| netPreferredStockIssuance | - |
| netDividendsPaid | - |
| commonDividendsPaid | - |
| preferredDividendsPaid | - |
| otherFinancingActivities | - |
| netCashProvidedByFinancingActivities | - |