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AirNet Technology (ANTE)
NASDAQ:ANTE
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AirNet Technology
(NASDAQ:ANTE)
25Underperform
AirNet Technology (ANTE) vs. S&P 500 (SPY)
Market Cap
$10.74M
Dividend YieldN/A
Average Volume (3M)682.08K
Price to Earnings (P/E)2.3
Beta (1Y)-1.13
Revenue Growth-45.64%
EPS GrowthN/A
CountryUS
Employees17
SectorCommunication Services
Sector Strength84
IndustryTelecommunications Services
Share Statistics
EPS (TTM)3.49
Shares Outstanding14,307,830
10 Day Avg. Volume72,572
30 Day Avg. Volume682,082
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.07
Price to Sales (P/S)0.00
P/FCF Ratio-0.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
AirNet Technology Business Overview & Revenue Model
Company DescriptionAirNet Technology Inc. operates out-of-home advertising platforms in the People's Republic of China. It operates through two segments, Cryptocurrency Mining and Air Travel Media Network. The company provides in-flight solutions to connectivity, entertainment, and digital multimedia; and in-flight entertainment and advertising contents, such as sports, comedies, local attractions, reality shows, commentaries, documentaries. It also offers advertising time slots in the form of digital TV screens on airplanes; and media contents display in air travel. In addition, the company operates CIBN-AirNet channel to broadcast network TV programs to air travelers. Further, it engages in cryptocurrency mining business. The company was formerly known as AirMedia Group Inc. AirNet Technology Inc. was founded in 2005 and is headquartered in Beijing, the People's Republic of China.
How the Company Makes MoneyAirNet Technology makes money through several revenue streams, primarily centered around its in-flight entertainment and connectivity services. The company partners with airlines to provide these services, often generating revenue through long-term contracts and service agreements. Additionally, AirNet may generate income from advertising and sponsorship opportunities within its digital media content, as well as potential revenue-sharing arrangements with airlines. These partnerships and service offerings are critical factors contributing to the company's earnings.
AirNet Technology Financial Statement Overview
Summary
AirNet Technology is facing severe financial difficulties, marked by a significant decline in revenue, negative profitability, and a weak balance sheet with negative equity. Cash flow inefficiencies further stress the company's financial health.Income Statement
AirNet Technology shows a significant decline in revenue and profitability over the years. The gross profit margin and net profit margin are negative, indicating that the company is not generating profits from its operations. The revenue has drastically decreased from previous years, with a 68.75% decrease from 2022 to 2023, further highlighting the company's struggle to maintain its market position.12
Very Negative
Balance Sheet
The balance sheet reveals a concerning financial structure with liabilities exceeding assets, resulting in negative stockholders' equity. The debt-to-equity ratio is also not meaningful due to negative equity, and the company's equity ratio is unfavorable. The high level of liabilities compared to assets indicates potential solvency issues.25
Negative
Cash Flow
The cash flow analysis shows negative operating cash flow and free cash flow, indicating that the company is not generating sufficient cash from its operations. The free cash flow to net income and operating cash flow to net income ratios are not favorable, reflecting inefficiencies in converting income into cash.18
Very Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 506.62K | 845.00K | 2.87M | 11.68M | 23.43M | 26.02M | Gross Profit |
| 301.62K | -531.00K | -2.35M | -3.10M | 3.85M | -7.57M | EBIT |
| -3.26M | -3.86M | -14.08M | -13.97M | -98.00K | -33.38M | EBITDA |
| 1.83M | 1.42M | -4.31M | -13.97M | -765.00K | -31.76M | Net Income Common Stockholders |
| 23.64M | -574.00K | -12.31M | -17.79M | 7.53M | -33.90M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 106.50M | 407.00K | 3.80M | 5.55M | 5.39M | 5.63M | Total Assets |
| 347.19M | 72.17M | 115.15M | 96.03M | 115.08M | 97.71M | Total Debt |
| 0.00 | 6.00K | 14.02M | 15.20M | 10.81M | 4.17M | Net Debt |
| -106.50M | -144.00K | 11.31M | 13.63M | 10.53M | 3.21M | Total Liabilities |
| 70.47M | 93.26M | 101.80M | 104.97M | 116.44M | 116.67M | Stockholders Equity |
| 275.67M | 11.85M | 45.76M | 24.50M | 31.62M | 20.46M |
| Cash Flow | Free Cash Flow | ||||
| -27.18M | -1.82M | 614.00K | -5.06M | -5.64M | -17.72M | Operating Cash Flow |
| -33.50K | -1.82M | 614.00K | -4.97M | -5.55M | -14.92M | Investing Cash Flow |
| -205.00K | 0.00 | 138.00K | 698.00K | 352.00K | 4.44M | Financing Cash Flow |
| 5.32M | -1.22M | 1.21M | -9.43M | 19.16M | -4.32M |
AirNet Technology Technical Analysis
Neutral
0.75
Price Trends
0.66
Positive
0.56
Positive
0.51
Positive
Market Momentum
0.06
Positive
48.50
Neutral
49.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANTE, the sentiment is Neutral. The current price of 0.75 is below the 20-day moving average (MA) of 0.82, above the 50-day MA of 0.66, and above the 200-day MA of 0.51, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 48.50 is Neutral, neither overbought nor oversold. The STOCH value of 49.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ANTE.
AirNet Technology Risk Analysis
AirNet Technology disclosed 69 risk factors in its most recent earnings report. AirNet Technology reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AirNet Technology Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $169.54M | 72.19 | 4.73% | ― | 13.85% | 38.33% | |
69 Neutral | $47.78M | 10.42 | 24.20% | ― | 7.08% | 59.40% | |
60 Neutral | $14.07B | 6.89 | -3.35% | 3.68% | 2.42% | -36.25% | |
54 Neutral | $230.85M | ― | -48.67% | ― | -16.91% | 4.83% | |
38 Underperform | $35.52M | ― | 174.77% | ― | -1.52% | 22.36% | |
25 Underperform | $10.74M | 2.33 | -92.37% | ― | -45.64% | ― |
* Communication Services Sector Average
Performance Comparison
ANTE
AirNet Technology
0.75
-0.34
-31.19%
CXDO
Crexendo
5.84
2.04
53.68%
FNGR
FingerMotion
4.04
1.04
34.67%
UCL
uCloudlink Group
1.26
-0.20
-13.70%
KORE
KORE Group Holdings
2.07
-1.66
-44.50%
PCLA
PicoCELA, Inc. ADR
0.43
-2.15
-83.33%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.