Graphjet Technology (GTI) Q4 2023 Earnings Report

Graphjet Technology (GTI) reports QQ4 2023 results with no revenue disclosed in the period and a continuation of losses dominated by operating expenses. The company posted an EBITDA of -$498,550 and a net loss of -$316,848 for the quarter, yielding an EPS of -$0.0686 on 4.62 million diluted shares. Operating cash flow was -$97,540 and free cash flow was -$98,172, highlighting a cash burn profile. The quarter benefited from $181,702 of other income and a financing inflow of $198,907, yet the company ended the period with a minimal cash balance of $5,503 and a negative working capital position (current assets $26,559 vs. current liabilities $2,696,721). The balance sheet shows total assets of $13.99 million, heavily skewed toward long-term investments ($13.96 million), and total stockholders’ equity of $7.26 million against debt of $1.48 million, resulting in a net debt of $1.48 million and a debt ratio of 0.106. These dynamics underscore a company in early-stage product development, with meaningful liquidity and revenue realization risks. Absent a clear revenue path or monetization milestone, the near-term investment thesis hinges on successful scale-up of graphene/graphite production, partnerships, or monetization of long-term investments. The earnings call transcript does not appear to be included in the provided data, limiting management-quote based insights for QQ4 2023.