Free cash flow has deteriorated to a deficit of $5.5M in 2024Q4, reflecting an accelerating cash burn rate that is not supported by core operational profitability.
| Cash from Operations | -8.31M | -751.7K | 45.07K | -229.08K | 607.66K | -326.78K |
| Operating CF Margin % | -231.03% | -25.89% | 0.73% | -2.38% | 9.65% | -5.02% |
| Operating CF Growth % | -1005.38% | -1767.97% | 119.67% | -137.7% | 285.95% | - |
| Net Income | -21.21M | -854.93K | 38.68K | -65.91K | 425.13K | -191.57K |
| Depreciation & Amortization | 908.46K | 99.36K | 96.04K | 109.21K | 122.45K | 123.44K |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -35.01K | 2.37K | -39 | -10.35K | 29.78K | -4.06K |
| Other Non-Cash Items | 13.52M | -29.99K | 5.56K | 117.76K | 2.61K | 30.14K |
| Working Capital Changes | -1.49M | 31.48K | -95.18K | -379.8K | 27.69K | -284.73K |
| Change in Receivables | 383.8K | 368.42K | 163.32K | -366.25K | -311.4K | 326.94K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -35.1K | -302.82K | -226.08K | 393.36K | 218.32K | -506.62K |
| Cash from Investing | -12.42M | -6.54K | -14.62K | -11.37K | 0 | -43.3K |
| Capital Expenditures | -300.95K | -6.54K | -14.62K | -11.37K | 0 | -43.3K |
| CapEx % of Revenue | 8.37% | 0.23% | 0.24% | 0.12% | - | 0.66% |
| Acquisitions | 30.11K | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - |
| Other Investing | -11.13M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 30.67M | 7.43M | -473.28K | 209.13K | -205.52K | -1.18M |
| Debt Issued (Net) | 333.51K | -144.3K | -147.02K | -8.42K | -700.62K | 1.25M |
| Equity Issued (Net) | 30.16M | 7.86M | -141.12K | -823.82K | 0 | 0 |
| Dividends Paid | 0 | 0 | -153.06K | -174.36K | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 173.84K | -292K | -32.08K | 1.22M | 495.1K | -2.42M |
| Net Change in Cash | 9.96M | 6.69M | -440.84K | -41.73K | 399.97K | 640.99K |
| Free Cash Flow | -8.61M | -758.24K | 30.45K | -240.45K | 607.66K | -370.08K |
| FCF Margin % | -239.4% | -26.12% | 0.5% | -2.5% | 9.65% | -5.68% |
| FCF Growth % | -1035.55% | -2590.36% | 112.66% | -139.57% | 264.2% | - |
| FCF per Share | -0.57 | -0.07 | 0.00 | -0.02 | 0.04 | -0.03 |
| FCF Conversion (FCF/Net Income) | 0.39x | 0.88x | 1.17x | 3.48x | 1.43x | 1.71x |
| Interest Paid | 0 | 11.6K | 14.63K | 15.74K | 10.97K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Unsustainable Operating Cash Burn
According to recent financial disclosures, SUPX exhibits a persistent disconnect between net income and operating cash flow, with the 2024Q4 period showing a negative operating cash flow of $5.4M, which significantly exceeds the reported net loss of $15.1M, highlighting poor earnings quality.
The wide gap between net income and operating cash flow suggests that the company's accounting losses are being compounded by actual cash outflows rather than non-cash charges. Investors should monitor this trend, as the inability to convert revenue into positive operating cash flow indicates that the underlying business model is currently failing to generate self-sustaining liquidity.
As reported in quarterly filings, the company's free cash flow has trended sharply downward, reaching a deficit of $5.5M in 2024Q4, a stark contrast to the marginal positive cash flow observed in 2022, signaling a rapid acceleration in cash consumption relative to revenue.
The trajectory of free cash flow appears to be moving in the wrong direction as the company attempts to scale its new AI-focused identity. This trend suggests that the current cost structure is not aligned with revenue generation, and the company may be depleting its cash reserves at an unsustainable rate.
Based on the provided cash flow statements, working capital changes have been highly erratic, including a $1.3M outflow in 2024Q4, which suggests that the company is struggling to manage its cash conversion cycle effectively amidst its recent strategic pivot.
The volatility in working capital indicates potential inefficiencies in accounts receivable collection or inventory management, which are critical for a project-based business. This inconsistency in cash management warrants further investigation, as it may be masking deeper operational challenges in the company's core fit-out services.
Data from recent filings reveals that stock-based compensation of $3.1M in 2024Q2 artificially bolstered the cash flow statement, masking the true extent of the company's operational cash burn and creating a misleading picture of the firm's underlying financial health.
By relying on non-cash adjustments to manage the appearance of its cash flow, the company may be obscuring the severity of its operating losses from investors. This practice suggests that the reported cash flow figures should be viewed with skepticism, as they do not reflect the actual cash-generating capacity of the business.
Quick answers to the most common questions about buying SUPX stock.
SuperX AI Technology Limited (SUPX) generated $-8.3M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
SuperX AI Technology Limited (SUPX) reported negative free cash flow of $8.6M in 2024, indicating capital requirements exceeded cash from operations.
SuperX AI Technology Limited (SUPX) spent $0.3M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.