Persistent cash burn is confirmed by a negative $340.6K free cash flow in 2024Q4, reflecting a total inability to fund operations through internal revenue generation.
| Metric | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|
| Cash from Operations | -1.07M | 1.93M | -17.85M | -7.97M | -6.19M | -5.55M | -6.86M | 4.86M | -1.21M | 2.88M | 441.19K | -420.2K | -1.39M | 758.45K | 42.33K | 27.36K |
| Operating CF Margin % | -1764.14% | 760.03% | -3339.55% | -3986.84% | -354.87% | -434.96% | -517.85% | 84.41% | -8.68% | 44.01% | 74.16% | -35.74% | -6443.15% | 685.76% | - | 12151.02% |
| Operating CF Growth % | -155.17% | 110.83% | -123.94% | -28.75% | -11.6% | 19.11% | -240.99% | 502.32% | -142.02% | 552.15% | 205% | 69.74% | -283.07% | 1691.75% | 54.74% | - |
| Net Income | -1.73M | -12.49M | -13.86M | -6.59M | -10.54M | -16.58M | -17.35M | 1.51M | 5.61M | 2M | -899.51K | -341.3K | -476.74K | -386.33K | -159.48K | -117.47K |
| Depreciation & Amortization | 1.44M | 625.98K | 1.99M | 1.33M | 2.08M | 3.17M | 2.03M | 2.02M | 2.15M | 383.63K | 124.33K | 108.93K | 70.17K | 97.63K | 6.08K | 2.2K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 491.75K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 9.03M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -559.04K | 10.28M | 4.82M | -1.99M | 4.46M | 6.08M | 536.22K | -3.95M | 0 | -507.69K | 551.79K | -354.74K | 9.07K | 68.88K | 7.05K | 12.17K |
| Working Capital Changes | -220.41K | 3.52M | -10.8M | -719.19K | -2.19M | 1.78M | -1.6M | 5.29M | -8.97M | 1M | 664.58K | 166.91K | -990.99K | 978.27K | 188.68K | 130.45K |
| Change in Receivables | -516.57K | 3.22M | -511.91K | 14.39K | 58.93K | 11.05K | -1.93M | 0 | -9.01M | 817.8K | 391K | -621.4K | 0 | 0 | -97.19K | -35.53K |
| Change in Inventory | 0 | 128.45K | -7.27M | -14.39K | 142.61K | 405.89K | -151.88K | 37.36K | -1.21M | 476.56K | 0 | 998.31K | -990.99K | 0 | 1.94K | -1.65K |
| Change in Payables | 296.16K | 475.05K | 4.52M | -318.54K | 347.31K | 1.88M | 488.49K | 0 | 1.21M | -284.09K | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -1.33K | -10.21M | -21.88M | -12.14M | -4.59M | -1.83M | -3.32M | -2.19M | -4.05M | 1.73M | 154.74K | -560.51K | 1.45M | -1.09M | -20.04K | -87.13K |
| Capital Expenditures | 0 | -14.97M | -275.74K | -695.2K | -7.36M | -1.83M | -3.31M | -228.8K | -4.17M | -77.38K | -4.19K | -560.51K | 0 | -1.09M | -16.19K | -12.01K |
| CapEx % of Revenue | 0% | 5882.83% | 51.59% | 347.7% | 421.97% | 143.37% | 249.94% | 3.97% | 29.96% | 1.18% | 0.7% | 47.67% | - | 984.45% | - | 5335.06% |
| Acquisitions | -1.33K | 1.44K | -5.41M | 509.96K | 2.78M | 0 | -9.49K | 0 | 0 | 871.07K | 0 | 0 | 1.45M | 0 | 0 | 18.02K |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 4.75M | -16.47M | -10.84M | 0 | 0 | 0 | -1.96M | 127.58K | -235.27K | 158.93K | 0 | 1.12K | 0 | 0 | 0 |
| Cash from Financing | 402.5K | 8.7M | 39.42M | 18.12M | 13.39M | 6.58M | 8.64M | -1.58M | -444.71K | -90.46K | 0 | 2.2M | -72.63K | 399.26K | 30.07K | 71.37K |
| Debt Issued (Net) | 350K | 6.87M | 8.08M | 1.45M | -58.39K | -573.01K | 2.58M | 330.5K | -458.73K | 0 | 0 | -89 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 52.5K | 1.47M | 26.05M | 12.19M | 10.14M | 0 | 5.6M | 0 | 0 | 0 | 0 | 1.97M | 0 | 399.26K | 0 | 71.37K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 355.79K | 5.29M | 4.49M | 3.31M | 7.16M | 456.88K | -1.91M | 14.02K | -90.46K | 0 | 232.85K | -72.63K | 0 | 30.07K | 0 |
| Net Change in Cash | -665.63K | 425.67K | -200.66K | -1.92M | 2.36M | -173.34K | -1.45M | 1.03M | -5.85M | 4.66M | 804.96K | 1.4M | 6.17K | 19.31K | -13.82K | 15.4K |
| Free Cash Flow | -1.07M | -8.28M | -18.13M | -8.67M | -13.55M | -7.38M | -10.17M | 4.64M | -5.25M | 2.8M | 437K | -980.71K | -1.39M | -330.36K | 26.14K | 15.34K |
| FCF Margin % | -1764.14% | -3254.24% | -3391.14% | -4334.54% | -776.84% | -578.33% | -767.79% | 80.44% | -37.72% | 42.82% | 73.46% | -83.41% | -6443.15% | -298.7% | - | 6813.74% |
| FCF Growth % | 87.11% | 54.33% | -109.15% | 36.05% | -83.74% | 27.46% | -319.37% | 188.22% | -287.67% | 540.69% | 144.56% | 29.37% | -320.3% | -1363.81% | 70.4% | - |
| FCF per Share | -0.31 | -3.72 | -1.10 | -1.05 | -3.14 | -2.18 | -3.78 | 1.75 | -1.99 | 1.46 | 0.01 | -0.02 | -11.90 | -0.30 | 0.02 | 0.01 |
| FCF Conversion (FCF/Net Income) | 0.78x | -0.17x | 1.22x | 1.69x | 0.62x | 0.36x | 0.43x | 2.87x | -0.32x | 1.21x | -0.49x | 1.27x | 2.91x | -1.96x | -0.27x | -0.23x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent liquidity and solvency crisis
Based on reported financial statements, IMTE's operating cash flow consistently fails to track with net income, as evidenced by the erratic OCF/NI ratios that frequently swing between positive and negative, suggesting that reported earnings are not supported by actual cash generation from core business activities.
The persistent gap between net income and operating cash flow indicates that the company's accounting results are heavily influenced by non-cash items or volatile working capital adjustments rather than operational success. Investors should monitor this divergence as it suggests that the company's reported profitability, when present, is largely illusory and disconnected from the underlying cash reality.
As reported in recent quarterly filings, IMTE's free cash flow trajectory is characterized by persistent outflows, with the most recent period showing a negative $340.6K, confirming that the company is unable to fund its operations through internal cash generation despite its various strategic pivots.
The inability to achieve positive free cash flow suggests that the company's business model is structurally incapable of covering its operating expenses. This trajectory warrants further investigation into how the company intends to sustain its current burn rate without resorting to further dilutive financing or asset liquidation.
According to historical data, IMTE's capital expenditure has plummeted from extreme levels of 1340.2% of revenue in 2021Q2 to near-zero in recent periods, indicating a total cessation of investment in productive assets as the company struggles to maintain basic operational viability.
The sharp decline in capital intensity suggests that management has abandoned efforts to scale its hardware manufacturing capabilities. This lack of investment may indicate that the company is no longer prioritizing the development of its core technology, potentially signaling a shift toward a purely speculative or shell-like operational status.
Based on the provided cash flow data, IMTE's working capital changes have been highly erratic, including a significant $4.5M inflow in 2023Q4 that appears to be an outlier rather than a reflection of improved collection efficiency or sustainable inventory management practices.
These large, non-recurring swings in working capital suggest that the company's cash position is highly sensitive to timing differences in payables and receivables rather than operational efficiency. Such volatility makes it difficult to forecast future liquidity needs and suggests that the company's cash management is reactive rather than strategic.
Analysis of the 5-year cumulative financial data reveals a stark divergence between reported net income and operating cash flow, indicating that the company has consistently failed to convert its accounting performance into tangible cash reserves, leaving the balance sheet in a highly vulnerable state.
The persistent failure to bridge the gap between earnings and cash flow over multiple years suggests that the company's business model is fundamentally flawed. This long-term trend appears to confirm that the company's primary function has been to consume capital rather than generate value for shareholders.
Quick answers to the most common questions about buying IMTE stock.
Integrated Media Technology Limited (IMTE) generated $-1.1M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
Integrated Media Technology Limited (IMTE) reported negative free cash flow of $1.1M in 2024, indicating capital requirements exceeded cash from operations.
Integrated Media Technology Limited (IMTE) spent $0.0M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.