Is Tuscan Holdings Corp. (THCBW) a Buy, Sell, or Hold?
NASDAQ : THCBW
Tuscan Holdings Corp. — Financials
$3.03 USD
-$0.09 (-2.88%)
- Volume
- 322.75K
- Average Volume
- 292.9K
- Market Capitalization
- $0
- P/E Ratio
- -406.50
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $3.28
- Year Low
- $2.80
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $1.09
THCBW Financial Statements
| date | 2025-12-31 | 2024-12-31 | 2020-12-31 |
|---|---|---|---|
| revenue | 427.52M | 379.8M | - |
| costOfRevenue | 305.41M | 260.25M | - |
| grossProfit | 122.11M | 119.55M | - |
| researchAndDevelopmentExpenses | 34.11M | 41.06M | - |
| generalAndAdministrativeExpenses | 57.82M | 81.49M | - |
| sellingAndMarketingExpenses | -22.2M | -22.58M | - |
| sellingGeneralAndAdministrativeExpenses | 35.62M | 58.91M | - |
| otherExpenses | - | - | -921.66K |
| operatingExpenses | 69.73M | 99.98M | -921.66K |
| costAndExpenses | 375.14M | 360.22M | -921.66K |
| netInterestIncome | - | -8.97M | - |
| interestIncome | 957K | 742K | - |
| interestExpense | -4.9M | 9.71M | - |
| depreciationAndAmortization | 33.13M | 30.83M | 1.93M |
| ebitda | 6.98M | -154.91M | 1.01M |
| ebit | - | -185.75M | -921.66K |
| nonOperatingIncomeExcludingInterest | - | 69.66M | - |
| operatingIncome | 6.98M | -116.09M | -921.66K |
| totalOtherIncomeExpensesNet | -41.53M | -79.37M | 2.66M |
| incomeBeforeTax | -34.54M | -195.46M | 1.74M |
| incomeTaxExpense | 5.32M | - | 366.76K |
| netIncomeFromContinuingOperations | -29.22M | -195.46M | 1.38M |
| netIncomeFromDiscontinuedOperations | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - |
| netIncome | -29.22M | -195.46M | 1.38M |
| netIncomeDeductions | - | - | - |
| bottomLineNetIncome | -29.22M | -195.46M | 1.38M |
| eps | -0.09 | -0.61 | 0.04 |
| date | 2025-12-31 | 2024-12-31 | 2020-12-31 |
|---|---|---|---|
| cashAndCashEquivalents | 104.96M | 73.01M | 135.96K |
| shortTermInvestments | - | - | 282.25M |
| cashAndShortTermInvestments | 104.96M | 73.01M | 282.39M |
| netReceivables | 155.76M | 120.63M | - |
| accountsReceivables | - | - | - |
| otherReceivables | 155.76M | 120.63M | - |
| inventory | 89.41M | 143.33M | - |
| prepaids | - | - | - |
| otherCurrentAssets | 98.59M | 91.07M | -282.23M |
| totalCurrentAssets | 448.72M | 428.03M | 158.46K |
| propertyPlantEquipmentNet | 525.39M | 495.82M | - |
| goodwill | - | - | - |
| intangibleAssets | 2.18M | 2.61M | - |
| goodwillAndIntangibleAssets | 2.18M | 2.61M | - |
| longTermInvestments | - | - | - |
| taxAssets | 5.43M | - | - |
| otherNonCurrentAssets | 23.72M | 25.42M | 282.25M |
| totalNonCurrentAssets | 556.72M | 523.84M | 282.25M |
| otherAssets | - | - | - |
| totalAssets | 1.01B | 951.87M | 282.41M |
| totalPayables | - | 64.94M | - |
| accountPayables | 47M | 64.94M | - |
| otherPayables | - | - | - |
| accruedExpenses | - | - | - |
| shortTermDebt | 171.37M | 122.42M | - |
| capitalLeaseObligationsCurrent | - | - | - |
| taxPayables | 99000 | 652K | 302.55K |
| deferredRevenue | 5.6M | 43.68M | - |
| otherCurrentLiabilities | 311.36M | 99.11M | 645.7K |
| totalCurrentLiabilities | 488.34M | 330.15M | 645.7K |
| longTermDebt | 14.48M | 14.6M | - |
| capitalLeaseObligationsNonCurrent | - | - | - |
| deferredRevenueNonCurrent | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | 21468 |
| otherNonCurrentLiabilities | 92.12M | 219.22M | 200K |
| totalNonCurrentLiabilities | 106.59M | 233.82M | 221.47K |
| otherLiabilities | - | - | - |
| capitalLeaseObligations | - | - | - |
| totalLiabilities | 594.94M | 563.97M | 867.17K |
| treasuryStock | - | - | - |
| preferredStock | - | - | - |
| commonStock | - | - | 276.55M |
| retainedEarnings | - | - | 4.74M |
| additionalPaidInCapital | - | - | - |
| date | 2025-12-31 | 2024-12-31 | 2020-12-31 |
|---|---|---|---|
| netIncome | -29.22M | -195.46M | 1.38M |
| depreciationAndAmortization | 33.13M | 30.83M | - |
| deferredIncomeTax | -5.43M | - | -5601 |
| stockBasedCompensation | 3.07M | 30.84M | - |
| changeInWorkingCapital | - | - | -435.32K |
| accountsReceivables | -27.26M | 8.79M | - |
| inventory | 33.72M | 3.29M | - |
| accountsPayables | -20.19M | -44.52M | 51923 |
| otherWorkingCapital | - | - | -51923 |
| otherNonCashItems | 74.35M | 136.6M | -1.64M |
| netCashProvidedByOperatingActivities | 75.91M | 2.81M | -705.99K |
| investmentsInPropertyPlantAndEquipment | -19.83M | -27.72M | - |
| acquisitionsNet | - | - | - |
| purchasesOfInvestments | - | - | - |
| salesMaturitiesOfInvestments | - | 5.56M | - |
| otherInvestingActivities | 3.79M | 10M | 512.16K |
| netCashProvidedByInvestingActivities | -16.04M | -12.15M | 512.16K |
| netDebtIssuance | - | - | - |
| longTermNetDebtIssuance | - | - | - |
| shortTermNetDebtIssuance | - | - | - |
| netStockIssuance | - | - | - |
| netCommonStockIssuance | - | - | - |
| commonStockIssuance | 28.75M | - | - |
| commonStockRepurchased | - | - | - |
| netPreferredStockIssuance | - | - | - |
| netDividendsPaid | - | - | - |
| commonDividendsPaid | - | - | - |
| preferredDividendsPaid | - | - | - |
| otherFinancingActivities | -2.68M | 37.59M | 189.5K |
| netCashProvidedByFinancingActivities | -2.68M | 37.59M | 189.5K |
| date | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2021-06-30 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| revenue | 87.26M | 60.61M | 96.4M | 123.29M | 91.34M | 116.49M | 113.39M | - | - |
| costOfRevenue | 61.48M | 41.46M | 95.44M | 76.88M | 59.62M | 73.48M | 71.87M | - | - |
| grossProfit | 25.78M | 19.16M | 959K | 46.41M | 31.72M | 43.02M | 41.52M | - | - |
| researchAndDevelopmentExpenses | 8.86M | 8.81M | 10.38M | 7.76M | 7.72M | 8.25M | 8.77M | - | - |
| generalAndAdministrativeExpenses | 13.89M | 12.94M | 23.71M | 19.66M | 4M | 10.45M | 22.34M | - | - |
| sellingAndMarketingExpenses | -4.74M | -5.34M | -5.97M | -6.01M | -3.42M | -6.8M | -7M | - | - |
| sellingGeneralAndAdministrativeExpenses | 9.14M | 7.6M | 17.74M | 13.66M | 573K | 3.65M | 15.34M | - | - |
| otherExpenses | - | - | - | - | - | - | - | -543.91K | -921.66K |
| operatingExpenses | 18M | 16.41M | 28.12M | 21.41M | 8.29M | 11.9M | 24.12M | -543.91K | -921.66K |
| costAndExpenses | 79.49M | 57.86M | 123.56M | 98.29M | 67.91M | 85.38M | 95.98M | -543.91K | -921.66K |
| netInterestIncome | - | - | - | -1.02M | -1.05M | -1.01M | -1.4M | - | - |
| interestIncome | 733K | 382K | 346K | 236K | 198K | 177K | 191K | - | - |
| interestExpense | -1.33M | -1.23M | -1.21M | 1.26M | 1.25M | 1.19M | 1.6M | - | - |
| depreciationAndAmortization | - | 8.08M | 8.38M | 8.27M | 8.3M | 8.18M | - | - | 1.93M |
| ebitda | -1.72M | 8.08M | -36.94M | 8.78M | -96.29M | 71.16M | -1.42M | -543.91K | 1.01M |
| ebit | - | - | - | 505K | -104.59M | 62.98M | -80.73M | -543.91K | -921.66K |
| nonOperatingIncomeExcludingInterest | - | - | - | 12.49M | - | -44.05M | - | - | - |
| operatingIncome | -1.72M | -7.93M | -41.16M | 12.99M | 16.21M | 18.93M | -1.42M | -543.91K | -921.66K |
| totalOtherIncomeExpensesNet | -10.27M | - | - | -13.74M | -122.05M | 42.86M | -80.91M | -1.49M | 2.66M |
| incomeBeforeTax | -11.99M | - | 10.26M | -750K | -105.84M | 61.79M | -82.32M | -2.03M | 1.74M |
| incomeTaxExpense | - | - | 6.28M | 739K | 220K | - | - | 16954 | 366.76K |
| netIncomeFromContinuingOperations | -11.99M | - | 16.54M | -1.49M | -106.06M | 61.79M | -82.32M | -2.05M | 1.38M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - |
| netIncome | -11.99M | - | 16.54M | -1.49M | -106.06M | 61.79M | -82.32M | -2.05M | 1.38M |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | -11.99M | - | 16.54M | -1.49M | -106.06M | 61.79M | -82.32M | -2.05M | 1.38M |
| eps | -0.03 | -0.04 | 0.05 | -0.0 | -0.33 | 0.19 | -0.26 | -0.06 | 0.04 |
| date | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2021-06-30 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 127.83M | 126.13M | 104.96M | 90.75M | 99.72M | 90.9M | 73.01M | 66475 | 135.96K |
| shortTermInvestments | - | - | - | - | - | - | - | 281.67M | 282.25M |
| cashAndShortTermInvestments | 127.83M | 126.13M | 104.96M | 90.75M | 99.72M | 90.9M | 73.01M | 281.74M | 282.39M |
| netReceivables | 121.18M | 123.59M | 155.76M | 149.27M | 125.92M | 135.65M | 120.63M | - | - |
| accountsReceivables | - | - | - | - | - | - | - | - | - |
| otherReceivables | - | - | 155.76M | 149.27M | 125.92M | 135.65M | 120.63M | - | - |
| inventory | 93.59M | 95.04M | 89.41M | 126.94M | 141.75M | 129.06M | 143.33M | - | - |
| prepaids | - | - | - | - | - | - | - | - | - |
| otherCurrentAssets | 32.32M | 81.06M | 98.59M | 78.3M | 67.2M | 92.38M | 91.07M | -281.63M | -282.23M |
| totalCurrentAssets | 374.92M | 425.82M | 448.72M | 445.26M | 434.59M | 447.99M | 428.03M | 106K | 158.46K |
| propertyPlantEquipmentNet | 543.45M | 526.82M | 525.39M | 542.13M | 540.92M | 503.36M | 495.82M | - | - |
| goodwill | - | - | - | - | - | - | - | - | - |
| intangibleAssets | 1.97M | 2.08M | 2.18M | 2.28M | 2.39M | 2.5M | 2.61M | - | - |
| goodwillAndIntangibleAssets | 1.97M | 2.08M | 2.18M | 2.28M | 2.39M | 2.5M | 2.61M | - | - |
| longTermInvestments | - | - | - | - | - | - | - | - | - |
| taxAssets | 5.43M | 5.43M | 5.43M | - | - | - | - | - | - |
| otherNonCurrentAssets | 26.42M | 27.35M | 23.72M | 23.93M | 26.79M | 29.08M | 25.42M | 281.67M | 282.25M |
| totalNonCurrentAssets | 577.27M | 561.67M | 556.72M | 568.34M | 570.1M | 534.94M | 523.84M | 281.67M | 282.25M |
| otherAssets | - | - | - | - | - | - | - | - | - |
| totalAssets | 952.19M | 987.5M | 1.01B | 1.01B | 1B | 982.93M | 951.87M | 281.78M | 282.41M |
| totalPayables | - | - | - | 59.8M | 72.5M | 56.77M | 64.94M | - | - |
| accountPayables | 62.64M | 46.37M | 47M | 59.8M | 72.5M | 56.77M | 64.94M | - | - |
| otherPayables | - | - | - | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - | - | - | - | - |
| shortTermDebt | 119.42M | 163.42M | 171.37M | 141.59M | 126.99M | 134.14M | 122.42M | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | 99000 | 655K | 654K | 653K | 652K | - | 302.55K |
| deferredRevenue | 4.99M | 6.66M | 5.6M | 5.68M | 41.54M | 44.2M | 43.68M | - | - |
| otherCurrentLiabilities | 219.33M | 274.01M | 311.36M | 322.9M | 283.63M | 104.79M | 99.11M | 801.47K | 645.7K |
| totalCurrentLiabilities | 343.75M | 444.09M | 488.34M | 529.96M | 524.66M | 339.91M | 330.15M | 801.47K | 645.7K |
| longTermDebt | 14M | 13.98M | 14.48M | 15.08M | 15.66M | 14.79M | 14.6M | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | 21468 |
| otherNonCurrentLiabilities | 51.36M | 63.32M | 92.12M | 110.46M | 108.24M | 174M | 219.22M | 5.87M | 200K |
| totalNonCurrentLiabilities | 65.35M | 77.3M | 106.59M | 125.53M | 123.9M | 188.79M | 233.82M | 5.87M | 221.47K |
| otherLiabilities | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 409.1M | 521.39M | 594.94M | 655.5M | 648.56M | 528.7M | 563.97M | 6.67M | 867.17K |
| treasuryStock | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | - | - | - |
| commonStock | 39000 | 34000 | - | 33000 | 33000 | 33000 | - | 281.58M | 276.55M |
| retainedEarnings | -1.09B | -1.07B | - | -1.14B | -1.14B | -1.03B | - | -6.48M | 4.74M |
| additionalPaidInCapital | - | - | - | - | - | - | - | - | - |
| date | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2021-06-30 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|
| netIncome | -11.99M | 48.21M | 16.54M | -1.49M | -106.06M | 61.79M | -2.05M | 1.38M |
| depreciationAndAmortization | 8.08M | 8.08M | 8.38M | 8.27M | 8.3M | 8.18M | - | - |
| deferredIncomeTax | - | - | -5.43M | - | - | - | -21468 | -5601 |
| stockBasedCompensation | 1.85M | 1.01M | 795K | 728K | 846K | 703K | - | - |
| changeInWorkingCapital | -6.77M | - | -11.73M | 11.73M | - | - | -208.22K | -435.32K |
| accountsReceivables | 6.94M | 33.46M | -18.26M | -8.49M | 13.6M | -14.11M | - | - |
| inventory | 2.39M | -7M | 29M | -2.33M | -8.73M | 15.78M | - | - |
| accountsPayables | 15.46M | -1.26M | -13.38M | -13.08M | 14.81M | -8.55M | 480.49K | 51923 |
| otherWorkingCapital | - | - | -10.57M | 10.57M | - | - | -688.72K | -51923 |
| otherNonCashItems | -28.73M | -80.1M | 7.86M | -4.07M | 134.07M | -63.5M | 989.41K | -1.64M |
| netCashProvidedByOperatingActivities | -37.56M | -22.8M | 16.42M | 15.16M | 37.15M | 7.17M | -1.29M | -705.99K |
| investmentsInPropertyPlantAndEquipment | -11.32M | -2.86M | -643K | -13.98M | -2.86M | -2.35M | - | - |
| acquisitionsNet | -51000 | - | 129K | -129K | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - |
| otherInvestingActivities | 10.86M | 51000 | -76000 | 3.74M | 115K | 14000 | 629.28K | 512.16K |
| netCashProvidedByInvestingActivities | -502K | -2.8M | -590K | -10.38M | -2.75M | -2.33M | 629.28K | 512.16K |
| netDebtIssuance | - | - | - | - | - | - | - | - |
| longTermNetDebtIssuance | - | - | - | - | - | - | - | - |
| shortTermNetDebtIssuance | - | - | - | - | - | - | - | - |
| netStockIssuance | - | - | - | - | - | - | - | - |
| netCommonStockIssuance | 448K | - | - | - | - | - | - | - |
| commonStockIssuance | 1.57M | - | 28.75M | - | - | - | - | - |
| commonStockRepurchased | 224K | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - |
| otherFinancingActivities | 5.9M | 29.32M | -19000 | -2.74M | -16.26M | 9.46M | 592.11K | 189.5K |
| netCashProvidedByFinancingActivities | 5.9M | 29.32M | -19000 | -2.74M | -16.26M | 9.46M | 592.11K | 189.5K |