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ASP Isotopes, Inc. (ASPI)
NASDAQ:ASPI
US Market

ASP Isotopes, Inc. (ASPI) AI Stock Analysis

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ASPI

ASP Isotopes, Inc.

(NASDAQ:ASPI)

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Neutral 50 (OpenAI - 4o)
Rating:50Neutral
Price Target:
$6.00
▼(-1.32% Downside)
ASP Isotopes, Inc. has a moderate overall stock score of 50, driven by strong revenue growth and strategic corporate events. However, significant challenges in profitability, leverage, and technical indicators, along with a negative valuation, weigh down the score.
Positive Factors
Revenue Growth
Strong revenue growth indicates robust demand for ASPI's products, enhancing its market position and potential for future profitability.
Expansion Plans
Expansion into new isotope production facilities suggests strategic growth, potentially increasing market share and diversifying revenue streams.
Renergen Acquisition
The acquisition of Renergen enhances ASPI's strategic footprint, providing access to new markets and resources, supporting long-term growth.
Negative Factors
High Leverage
High leverage increases financial risk, potentially limiting ASPI's ability to invest in growth opportunities and manage economic downturns.
Profitability Challenges
Ongoing profitability issues may hinder ASPI's ability to reinvest in its business, affecting long-term sustainability and competitiveness.
Regulatory Delays
Regulatory delays can stall expansion plans, impacting ASPI's ability to capitalize on new opportunities and affecting revenue growth timelines.

ASP Isotopes, Inc. (ASPI) vs. SPDR S&P 500 ETF (SPY)

ASP Isotopes, Inc. Business Overview & Revenue Model

Company DescriptionASP Isotopes, Inc. (ASPI) is a leading provider of stable and radioactive isotopes, primarily serving the medical, industrial, and research sectors. The company specializes in the production, distribution, and application of isotopes that are used in various fields, including nuclear medicine for diagnostic imaging and cancer treatment, as well as in scientific research and industrial applications. ASPI's core products include a range of isotopes tailored for specific client needs, along with associated services such as isotope delivery and consulting.
How the Company Makes MoneyASP Isotopes, Inc. generates revenue through multiple streams, including the sale of isotopes to hospitals and medical facilities for use in imaging and therapeutic procedures. The company also earns income from contracts with research institutions and universities that require isotopes for experimental purposes. Additionally, ASPI partners with industrial firms for the use of isotopes in various applications, such as quality control and testing. Significant revenue is derived from long-term contracts and agreements that ensure a steady supply of isotopes, while ongoing research and development initiatives allow the company to innovate and expand its product offerings, further contributing to its profitability.

ASP Isotopes, Inc. Earnings Call Summary

Earnings Call Date:Mar 31, 2025
(Q4-2024)
|
% Change Since: |
Next Earnings Date:Mar 31, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted several positive developments, such as successful enrichment of Ytterbium-176, growth in Pet Labs, and strong cash reserves. However, these were tempered by operational challenges, regulatory delays, and a high short interest in the stock, creating a balanced outlook.
Q4-2024 Updates
Positive Updates
Successful Enrichment of Ytterbium-176
The company successfully enriched Ytterbium-176, marking a significant milestone. They have started enriching for commercial samples, indicating progress in their technological capabilities.
Pet Labs Revenue and Growth
Pet Labs reported $4 million in revenue last year and is expected to grow nicely this year due to heavy investment in the business.
Expansion Plans and New Facilities
The company plans to construct Nickel-64, Gadolinium-160, and Lithium-6 plants. They anticipate the first plant coming into action later this year, depending on government permits.
Strong Cash Position
The company ended the year with a strong cash position, enough to cover four years of free cash flow operating expenses.
Increased Headcount
The company's headcount increased from 130 to 150, with plans to selectively add more staff in key areas.
Negative Updates
Challenges with Manufacturing Plants
The Carbon-14 and Silicon-28 plants faced challenges such as feedstock issues and equipment failures, causing delays in production.
Regulatory and Permitting Delays
Regulatory and permitting processes in South Africa and Iceland could delay the start of production and construction of new facilities.
Ytterbium-176 Customer Approval Delay
Customers require samples to verify specifications before placing orders for Ytterbium-176, which could delay sales.
High Short Interest in Stock
The stock has a short interest of 30%, indicating strong bearish sentiment and skepticism about the company's prospects.
No Guidance Provided
The company did not provide financial guidance for the upcoming year, leading to uncertainty about future performance.
Company Guidance
During the call, ASP Isotopes discussed its fiscal year 2024 results and provided insights into its operations and future projects. The company reported $4.2 million in revenue for the year, with stable performance in its PET Labs division. ASP Isotopes anticipates increased production from new manufacturing plants, including those for Carbon-14, Silicon-28, and Ytterbium-176, though specific revenue guidance for 2025 was not provided. The company mentioned a take-or-pay contract for Carbon-14 with a minimum annual revenue of $2.5 million and indicated potential sales of Ytterbium-176 at $20,000 per gram. Additionally, ASP Isotopes is focused on expanding its operations globally, with plans to build several isotope enrichment facilities and collaborate with partners in regions like South Africa and potentially North America. The company also discussed overcoming operational challenges, such as equipment malfunctions, and emphasized its commitment to achieving free cash flow positivity by the year's second half.

ASP Isotopes, Inc. Financial Statement Overview

Summary
ASP Isotopes, Inc. shows strong revenue growth but faces significant profitability and leverage challenges. The high debt levels and negative profitability margins pose risks, while the positive free cash flow growth provides a glimmer of hope for future cash generation. Overall, the company needs to focus on improving operational efficiency and managing financial leverage to enhance its financial health.
Income Statement
45
Neutral
ASP Isotopes, Inc. shows strong revenue growth with an 82.98% increase in TTM, indicating a positive trajectory. However, the company struggles with profitability, as evidenced by negative net and EBIT margins. The gross profit margin is relatively healthy at 39.26%, but the high negative net profit margin of -21.82% highlights significant challenges in cost management and operational efficiency.
Balance Sheet
40
Negative
The balance sheet reflects high leverage with a debt-to-equity ratio of 4.03, indicating potential financial risk. The return on equity is negative, suggesting inefficiencies in generating returns on shareholder investments. However, the equity ratio of 32.77% shows a moderate level of equity financing, providing some stability.
Cash Flow
50
Neutral
The cash flow statement reveals a positive free cash flow growth rate of 8.57%, indicating improved cash generation capabilities. However, the operating cash flow to net income ratio is negative, reflecting challenges in converting earnings into cash. The free cash flow to net income ratio of 1.59 suggests some ability to generate cash relative to net losses.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue8.38M4.14M433.03K0.000.00
Gross Profit1.93M1.60M138.97K-72.57K-19.38K
EBITDA-106.65M-31.58M-16.14M-4.87M-2.59M
Net Income-105.56M-32.33M-16.29M-4.79M-2.61M
Balance Sheet
Total Assets225.89M94.35M30.19M12.50M7.14M
Cash, Cash Equivalents and Short-Term Investments113.94M61.89M7.91M2.39M2.95M
Total Debt113.66M37.75M2.14M822.20K926.60K
Total Liabilities129.29M43.18M11.36M2.68M1.14M
Stockholders Equity74.07M47.90M16.30M9.82M6.00M
Cash Flow
Free Cash Flow-33.96M-28.07M-7.74M-7.41M-3.57M
Operating Cash Flow-23.69M-16.70M-5.41M-2.94M-577.69K
Investing Cash Flow-38.63M-11.37M-2.45M-4.47M-2.99M
Financing Cash Flow125.15M82.53M13.39M6.64M6.50M

ASP Isotopes, Inc. Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price6.08
Price Trends
50DMA
8.03
Negative
100DMA
8.77
Negative
200DMA
7.74
Negative
Market Momentum
MACD
-0.50
Negative
RSI
42.98
Neutral
STOCH
46.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ASPI, the sentiment is Neutral. The current price of 6.08 is above the 20-day moving average (MA) of 6.02, below the 50-day MA of 8.03, and below the 200-day MA of 7.74, indicating a neutral trend. The MACD of -0.50 indicates Negative momentum. The RSI at 42.98 is Neutral, neither overbought nor oversold. The STOCH value of 46.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ASPI.

ASP Isotopes, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
59
Neutral
$444.87M8.616.62%3.86%-5.05%35.01%
58
Neutral
$624.48M-804.72-0.13%12.49%95.48%
57
Neutral
$691.29M-2.14-18.65%8.03%-7.81%-334.15%
50
Neutral
$673.91M-4.25-187.23%147.78%-137.42%
49
Neutral
$382.60M-0.92-78.11%-9.75%-386.63%
47
Neutral
$1.12B-1.30-10.68%36.31%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ASPI
ASP Isotopes, Inc.
6.05
1.53
33.85%
BAK
Braskem SA
2.93
-1.00
-25.45%
LXU
Lsb Industries
8.53
0.81
10.49%
TROX
TRONOX
4.37
-5.29
-54.76%
RYAM
Rayonier Advanced Materials
5.71
-1.77
-23.66%
ASIX
AdvanSix
16.85
-10.67
-38.77%

ASP Isotopes, Inc. Corporate Events

Executive/Board ChangesShareholder Meetings
ASP Isotopes Reaffirms Board Leadership and Auditor Appointment
Positive
Dec 19, 2025

ASP Isotopes Inc. held its 2025 Annual Meeting of Stockholders on December 18, 2025, at which shareholders addressed director elections and the appointment of the company’s external auditor. At the meeting, stockholders re-elected two Class III directors, Sipho N. Maseko and Todd Wider, M.D., to serve until the 2028 annual meeting or until their successors are chosen, and ratified the appointment of EisnerAmper LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, reinforcing continuity in both board leadership and financial oversight for the company and its investors.

Delistings and Listing ChangesM&A TransactionsBusiness Operations and StrategyRegulatory Filings and Compliance
ASP Isotopes advances Renergen acquisition after compliance approval
Positive
Dec 18, 2025

On December 18, 2025, ASP Isotopes Inc. confirmed that South Africa’s Takeover Regulation Panel had issued a compliance certificate for its scheme of arrangement to acquire all issued ordinary shares of Renergen Limited, under which Renergen shareholders would receive 0.09196 new ASP Isotopes shares for each Renergen share, allowing the transaction to proceed toward implementation. The timetable sets out key milestones through mid‑January 2026, including suspension and eventual termination of Renergen’s listings on the JSE, A2X and ASX, the listing and settlement of new ASP Isotopes shares to former Renergen shareholders in South Africa and Australia, and the handling of fractional cash entitlements, underscoring the complexity of the cross‑border settlement structure and marking a significant step in ASP Isotopes’ expansion via the full acquisition and delisting of Renergen.

Executive/Board Changes
ASP Isotopes Announces CEO Role Change
Neutral
Dec 8, 2025

ASP Isotopes Inc. announced that effective January 19, 2026, Paul Mann, the founder and Executive Chairman, will resume his role as Chief Executive Officer while continuing as Executive Chairman. Robert Ainscow, who served as Interim CEO during Mann’s medical leave, will remain as Chief Operating Officer. The company has not made any new contractual arrangements related to Mann’s re-appointment.

Private Placements and FinancingBusiness Operations and Strategy
ASP Isotopes Announces $64.3M Convertible Note Agreement
Positive
Nov 14, 2025

On November 7, 2025, Quantum Leap Energy LLC, a subsidiary of ASP Isotopes Inc., announced a Convertible Note Purchase Agreement to issue and sell $64.3 million in convertible promissory notes to accredited investors. The proceeds will be used to develop laser enrichment production facilities and for general corporate purposes. The offering, expected to close around November 17 or 18, 2025, will also see the automatic conversion of existing 2024 Convertible Notes into new 2025 Notes. This move positions QLE to enhance its operational capabilities and potentially impact its market standing.

Executive/Board ChangesBusiness Operations and Strategy
ASP Isotopes CEO Takes Temporary Leave for Health
Neutral
Oct 3, 2025

On October 1, 2025, ASP Isotopes Inc. announced that Paul Mann, the founder, Chairman, and CEO, took a temporary leave of absence from his CEO duties for health reasons. In his absence, Robert Ainscow, the Chief Operating Officer, was appointed as Interim CEO while continuing his current duties. Mann will remain as Executive Chairman, focusing on the company’s leadership and strategic direction alongside Ainscow and the Board. The transition is expected to maintain the company’s operational stability and ensure continued communication with industry partners and stakeholders.

Private Placements and FinancingM&A TransactionsBusiness Operations and Strategy
ASP Isotopes’ Subsidiary Acquires Controlling Interest in SKBL
Positive
Sep 22, 2025

On August 29, 2025, Quantum Leap Energy LLC (QLE), a subsidiary of ASP Isotopes Inc., acquired a controlling interest in Skyline Builders Group Holding Limited (SKBL), a company listed on Nasdaq. This acquisition is part of QLE’s strategy to secure critical materials supply chains essential for U.S. security and QLE’s growth. The acquisition involved a purchase agreement with Supreme Development Holdings, the previous controlling shareholder, and a private placement that raised $17,775,000. This transaction allowed QLE to gain 79.14% of the voting power in SKBL, significantly enhancing its control and influence over the company.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Dec 19, 2025