PolarX Ltd (PXX) AI Stock Analysis

• Market Cap: AU$21.38M
• Dividend Yield: N/A
• Average Volume (3M): 1.88M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.29
• Revenue Growth: N/A
• EPS Growth: -39.39%
• Country: AU
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 60
• Industry: Industrial Materials
• EPS (TTM): >-0.01
• Shares Outstanding: 2,375,501,000
• 10 Day Avg. Volume: 1,713,858
• 30 Day Avg. Volume: 1,883,859
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

PolarX Ltd struggles with financial performance due to a lack of revenue and profitability, which is a significant concern. The technical analysis score is low due to the absence of data. Valuation metrics also reflect challenges, with a negative P/E ratio. Overall, the stock faces critical issues in financial health and value proposition.

PolarX Ltd Business Overview & Revenue Model

Company Description

PolarX Limited engages in the exploration and development of mineral properties in the United States. The company primarily explores for copper, silver, and gold deposits. Its projects portfolio includes the Alaska Range project, which comprise Stellar and Caribou Dome projects covering an area of approximately 262 square kilometers located in Alaska; and the Humboldt Range gold-silver projects that consists of 333 lode mining claims located in Nevada. PolarX Limited is based in Subiaco, Australia.

How the Company Makes Money

PolarX Ltd generates revenue through the discovery and development of mineral resources, primarily copper and gold. The company makes money by increasing the value of its mineral assets through exploration activities, which can then be sold or developed into producing mines. Key revenue streams include the sale of mineral rights, joint venture agreements, and potential future mining operations. Partnerships with other mining companies and strategic investors also contribute to its earnings by providing financial and technical support for its exploration activities.

PolarX Ltd Financial Statement Overview

Summary

PolarX Ltd demonstrates a lack of revenue generation and profitability, with consistent operational losses impacting its financial health. The balance sheet shows a strong equity base but declining asset levels. Cash flow challenges are evident, with negative free cash flow and limited visibility on operating cash flows. The company faces significant hurdles in achieving financial stability and growth.

Income Statement

PolarX Ltd has consistently reported zero revenue over the years, indicating a lack of operational income generation. Net profit margins are not applicable due to negative net income. The company has been experiencing increasing operational losses, as seen in its negative EBIT and EBITDA figures, which are not improving year-over-year.

Balance Sheet

The company maintains a strong equity position, with zero debt, leading to a Debt-to-Equity Ratio of 0. The Equity Ratio is robust, with Stockholders' Equity consistently representing the majority of Total Assets, indicating strong capital structure stability. However, the declining total assets and equity over the years raise concerns about asset management and growth potential.

Cash Flow

PolarX Ltd has negative free cash flow, primarily due to high capital expenditures and negative operating cash flow. Although there have been periods of positive financing cash flow, it does not translate into sustainable free cash flow generation. The lack of operating cash flow data for previous years limits further analysis.

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
0.00	0.00	0.00	0.00	0.00
	Gross Profit
-12.78K	―	―	―	―
	EBIT
-1.41M	-1.56M	-1.63M	-1.31M	-8.93M
	EBITDA
-11.79M	―	―	―	-8.93M
	Net Income Common Stockholders
-11.81M	-1.56M	-1.60M	-1.30M	-8.89M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.56M	732.03K	1.95M	3.49M	4.18M
	Total Assets
36.33M	40.43M	37.64M	31.91M	28.91M
	Total Debt
0.00	0.00	0.00	0.00	0.00
	Net Debt
-1.56M	-732.03K	-1.95M	-3.49M	-4.18M
	Total Liabilities
1.20M	141.68K	308.02K	177.25K	149.76K
	Stockholders Equity
35.13M	40.29M	37.33M	31.73M	28.76M
Cash Flow		Free Cash Flow
-5.92M	―	―	―	―
	Operating Cash Flow
-1.33M	―	―	―	―
	Investing Cash Flow
-4.59M	-3.02M	-4.92M	-5.04M	-5.31M
	Financing Cash Flow
6.75M	―	4.86M	5.62M	6.69M

PolarX Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	49 Neutral	$1.94B	-1.23	-21.28%	3.73%	1.19%	-29.73%
PXX	32 Underperform	AU$21.38M	―	-22.00%	―	―	-39.39%

PolarX Ltd Corporate Events

PolarX Limited Announces Lapse of Unlisted Options

PolarX Limited has announced the lapse of 19,127,436 unlisted options with an exercise price of $0.03, which expired on April 1, 2025. This development may impact the company’s financial strategy and shareholder interests, as it involves a significant number of options that were not exercised, potentially affecting future capital raising activities.

PolarX Limited Releases Half-Year Financial Report for 2024

PolarX Limited has released its financial report for the half-year ending December 31, 2024. The report includes detailed financial statements such as the consolidated statement of profit or loss, financial position, cash flows, and changes in equity. This release provides stakeholders with insights into the company’s financial health and operational performance over the past six months, which may influence investor decisions and the company’s market positioning.