Operational sustainability is severely compromised by persistent cash burn, evidenced by a free cash flow margin of -72.8% in the most recent quarter.
| Cash from Operations | -13.43M | -2.63M | -8.92M | -8.07M |
| Operating CF Margin % | -10323.97% | -456.61% | - | -2162.32% |
| Operating CF Growth % | -409.52% | 70.47% | -10.54% | - |
| Net Income | -22.29M | -11.89M | -11.32M | -3.86M |
| Depreciation & Amortization | 2.04M | 1.57M | 1.31M | 275.96K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.41M | 201.06K | 165.58K | 185.05K |
| Working Capital Changes | 5.42M | 7.48M | 914.36K | -4.67M |
| Change in Receivables | -250.19K | 6.31K | 843.89K | -414.09K |
| Change in Inventory | 0 | 0 | 0 | 0 |
| Change in Payables | 1.99M | 496.07K | 85.29K | 0 |
| Cash from Investing | -1.76M | -389.93K | -3.33M | -956.8K |
| Capital Expenditures | -1.71M | -389.93K | -3.35M | -956.8K |
| CapEx % of Revenue | 1314.1% | 67.57% | - | 256.29% |
| Acquisitions | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - |
| Other Investing | -47.72K | 0 | 22.09K | 0 |
| Cash from Financing | 15.16M | 3.07M | 10.23M | 12.41M |
| Debt Issued (Net) | -1.03M | -886.84K | -859.83K | -239.42K |
| Equity Issued (Net) | 0 | 2.31K | 10.36M | 6.95M |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 |
| Other Financing | 16.19M | 3.96M | 721.15K | 5.71M |
| Net Change in Cash | -20.54K | 47.54K | -2.02M | 3.39M |
| Free Cash Flow | -15.18M | -3.02M | -12.27M | -9.03M |
| FCF Margin % | -11674.76% | -524.19% | - | -2418.61% |
| FCF Growth % | -401.91% | 75.35% | -35.91% | - |
| FCF per Share | -0.45 | -0.09 | -0.41 | -0.27 |
| FCF Conversion (FCF/Net Income) | 0.60x | 0.22x | 0.79x | 2.09x |
| Interest Paid | 46.48K | 62.97K | 81.71K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 |
Imminent liquidity insolvency risk
As reported in recent financial statements, MCRP's operating cash flow consistently trails net losses, with the OCF/NI ratio fluctuating between 0.14 and 0.66, suggesting that reported earnings are heavily influenced by non-cash adjustments rather than genuine cash-generative capacity from core robotics operations.
The persistent gap between net income and operating cash flow indicates that the company is struggling to convert its project-based revenue into actual liquidity. Investors should monitor whether these accruals represent legitimate timing differences in municipal contract payments or an over-reliance on non-cash accounting entries to soften the appearance of operational losses.
Based on the company's latest quarterly filings, free cash flow remains deeply negative, with margins reaching as low as -245.7% in 2024Q2, reflecting a business model that consumes capital at a rate far exceeding its ability to generate internal funding from its current project pipeline.
The consistent negative FCF trajectory suggests that the firm is currently unable to self-fund its R&D and operational overhead. This trend implies that without a fundamental shift toward recurring revenue or a drastic reduction in fixed costs, the company will remain entirely dependent on external financing to survive.
According to the provided cash flow data, working capital changes have been highly erratic, swinging from a $1.4M inflow in 2023Q4 to a $401.5K inflow in 2024Q4, which highlights the unpredictable nature of cash collections from large, bespoke municipal robotics contracts.
These fluctuations suggest that the company's cash position is highly sensitive to the timing of milestone payments from government clients. Such volatility complicates liquidity planning and may indicate that the firm is struggling to maintain a consistent cash conversion cycle amidst its ongoing revenue contraction.
As indicated by the financial data, the company's capital expenditure relative to revenue reached 53.5% in 2024Q2, demonstrating a high level of capital intensity that is disproportionate to the current scale of its commercial deployments and revenue generation.
This elevated capital intensity suggests that the firm is still in a heavy investment phase, likely pouring resources into hardware development rather than scaling existing products. The inability to amortize these costs over a larger revenue base appears to be a primary driver of the company's current cash burn.
Quick answers to the most common questions about buying MCRP stock.
Micropolis AI Robotics (MCRP) generated $-13.4M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
Micropolis AI Robotics (MCRP) reported negative free cash flow of $15.2M in 2024, indicating capital requirements exceeded cash from operations.
Micropolis AI Robotics (MCRP) spent $1.7M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.