AirNet Technology (ANTE) AI Stock Analysis

• Market Cap: $21.05M
• Dividend Yield: N/A
• Average Volume (3M): 49.69K
• Price to Earnings (P/E): 2.2
• Beta (1Y): -0.98
• Revenue Growth: -45.64%
• EPS Growth: N/A
• Country: US
• Employees: 17
• Sector: Communication Services
• Sector Strength: 84
• Industry: Telecommunications Services
• EPS (TTM): 3.49
• Shares Outstanding: 29,888,248
• 10 Day Avg. Volume: 33,462
• 30 Day Avg. Volume: 49,692
• PEG Ratio: 0.01
• Price to Book (P/B): 0.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.80
• Enterprise Value/Market Cap: 0.74
• Enterprise Value/Revenue: 5.88
• Enterprise Value/Gross Profit: 418.74
• Enterprise Value/Ebitda: -1.19
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 25 Underperform
• Price Target: ―

AirNet Technology is currently in a precarious financial position, with substantial declines in revenue, negative profitability, and a troubling balance sheet. Technical indicators and valuation metrics reflect a lack of investor confidence, while the significant drop in stock price post-earnings call underscores market concerns. Immediate strategic actions are required to stabilize and improve the company's financial standing.

AirNet Technology Business Overview & Revenue Model

Company Description

AirNet 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 Money

AirNet 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.

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.

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.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
343.00K	845.00K	2.87M	11.68M	23.43M
	Gross Profit
37.00K	-531.00K	-2.35M	-3.10M	3.85M
	EBIT
-6.78M	-3.86M	-14.08M	-13.97M	-98.00K
	EBITDA
-10.48M	1.42M	-4.31M	-13.97M	-765.00K
	Net Income Common Stockholders
-13.65M	-574.00K	-12.31M	-17.79M	7.53M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
356.00K	407.00K	3.80M	5.55M	5.39M
	Total Assets
60.22M	72.17M	115.15M	96.03M	115.08M
	Total Debt
0.00	6.00K	14.02M	15.20M	10.81M
	Net Debt
-113.00K	-144.00K	11.31M	13.63M	10.53M
	Total Liabilities
82.23M	93.26M	101.80M	104.97M	116.44M
	Stockholders Equity
10.93M	11.85M	45.76M	24.50M	31.62M
Cash Flow		Free Cash Flow
-1.56M	-1.82M	614.00K	-5.06M	-5.64M
	Operating Cash Flow
22.72M	-1.82M	614.00K	-4.97M	-5.55M
	Investing Cash Flow
-29.22M	0.00	138.00K	698.00K	352.00K
	Financing Cash Flow
6.16M	-1.22M	1.21M	-9.43M	19.16M

AirNet Technology Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.68
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANTE, the sentiment is Negative. The current price of 0.68 is below the 20-day moving average (MA) of 0.75, below the 50-day MA of 0.75, and above the 200-day MA of 0.52, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 45.87 is Neutral, neither overbought nor oversold. The STOCH value of 75.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANTE.

AirNet Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UCL	74 Outperform	$68.79M	19.47	18.28%	―	7.65%	196.83%
CXDO	72 Outperform	$153.57M	64.89	4.73%	―	13.85%	38.33%
Sector *	61 Neutral	$14.55B	5.92	-3.82%	8.36%	2.79%	-33.24%
FNGR	54 Neutral	$120.34M	―	-39.70%	―	-16.91%	4.83%
KORE	48 Neutral	$41.87M	―	174.77%	―	-1.52%	22.36%
ANTE	25 Underperform	$21.05M	2.16	-93.09%	―	-45.64%	―
PCLA		$15.21M	―		―	―	―