A-1 Group (AWON) AI Stock Analysis

• Market Cap: $3.65M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• Revenue Growth: N/A
• EPS Growth: -100.00%
• Country: US
• Employees: 4
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Shell Companies
• EPS (TTM): N/A
• Shares Outstanding: 1,169,959,000
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.00
• Price to Book (P/B): 0.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -195.38
• Enterprise Value/Market Cap: 0.33
• Enterprise Value/Revenue: 0.98
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -8.19
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $0.01 ▲(10.00% Upside)
• Action: Upgraded Date: 12/30/25
• Date: Action: Upgraded 12/30/25

The score is primarily weighed down by weak financial performance: no revenue, ongoing losses, and continued cash burn despite some improvement in 2024 cash flow. The key offset is a materially stronger 2024 balance sheet with positive equity and low leverage, but technical and valuation assessments are largely unavailable due to missing indicator and valuation inputs.

Positive Factors

Diversified Business Model

A diversified business model across multiple sectors provides resilience against industry-specific downturns and offers multiple revenue streams.

Strategic Partnerships

Strategic partnerships with global corporations allow for co-branded products and shared technological advancements, driving additional revenue streams and market expansion.

Innovation in Product Offering

A-1 Group's focus on innovation and high-quality products strengthens its competitive position and supports long-term growth in diverse markets.

Negative Factors

High Leverage

High leverage with liabilities exceeding assets raises concerns about financial stability and solvency, potentially limiting future investment and growth opportunities.

Negative Cash Flow

Negative operating cash flow suggests reliance on external funding, which may not be sustainable long-term, impacting the company's ability to finance its operations independently.

Lack of Revenue Generation

The absence of revenue generation over an extended period highlights significant operational challenges and questions the viability of the business model.

A-1 Group Business Overview & Revenue Model

Company Description

A1 Group, Inc. operates as an electronic cigarette company in the United States. The company's electronic cigarettes are battery-powered products that enable users to inhale nicotine vapor without smoke, tar, ash, or carbon monoxide. It offers disposable electronic cigarettes in multiple sizes, puff counts, styles, flavors, and nicotine strengths; rechargeable electronic cigarettes that use replaceable cartridges; and rechargeable vaporizers for use with electronic cigarette solutions, dry herbs, or leaves. The company sells its electronic cigarettes and accessories through the Website a1vapors.com, as well as through two retail locations in the greater Miami area to cigarette smokers and hookah smokers from the ages of 18 and more. A1 Group, Inc. was founded in 2012 and is based in Carlsbad, California.

How the Company Makes Money

A-1 Group (AWON) generates revenue through a combination of product sales, service subscriptions, and strategic partnerships. The manufacturing division contributes significantly through the sale of consumer electronics and industrial equipment. Additionally, the technology services sector offers software solutions and IT consulting, often on a subscription or contract basis. Retail operations further bolster income through both brick-and-mortar stores and e-commerce platforms. Key partnerships with global corporations enhance AWON's market presence, allowing for co-branded products and shared technological advancements, which drive additional revenue streams.

A-1 Group Financial Statement Overview

Summary

No revenue reported across 2021–2024 with recurring net losses and negative operating/free cash flow, indicating weak operating traction and ongoing funding dependence. Offsetting this, the 2024 balance sheet improved materially with strongly positive equity (~$7.2M) and low leverage (~$68K debt; debt-to-equity ~0.01), but durability depends on achieving operating progress.

Income Statement

The company reports no revenue across 2021–2024, while operating losses persist (net loss of about $54K in 2024 vs. ~$48K in 2023 and ~$69K in 2022). With no top-line base and continued negative earnings, profitability and operating traction remain weak; the only modest positive is that losses have narrowed versus 2022.

Balance Sheet

The balance sheet improved materially in 2024, with stockholders’ equity turning strongly positive (~$7.2M) and leverage appearing low (debt-to-equity ~0.01 on ~$68K of debt). However, prior years showed negative equity (2021–2023), and the business is still generating losses, which creates risk that the improved capital position may not translate into durable financial strength without operating progress.

Cash Flow

Cash generation remains negative, with operating cash flow and free cash flow in deficit each year; 2024 improved significantly (operating cash flow around -$7K vs. -$38K in 2023). Free cash flow broadly tracks reported losses, suggesting limited non-cash support to earnings, and the continued cash burn highlights an ongoing need for funding absent revenue.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.22M	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	-185.00
EBITDA	-146.38K	-54.44K	-47.96K	-69.26K	-66.96K
Net Income	-146.38K	-54.44K	-47.96K	-69.26K	-67.15K
Balance Sheet
Total Assets	12.50M	11.41M	4.01M	2.27K	6.70K
Cash, Cash Equivalents and Short-Term Investments	13.64K	926.00	926.00	190.00	362.00
Total Debt	1.11M	68.03K	60.96K	0.00	18.27K
Total Liabilities	5.44M	4.19M	4.18M	126.92K	60.42K
Stockholders Equity	7.07M	7.21M	-172.60K	-124.65K	-53.72K
Cash Flow
Free Cash Flow	155.64K	-7.06K	-38.46K	-4.67K	-30.91K
Operating Cash Flow	155.64K	-7.06K	-38.46K	-4.67K	-28.05K
Investing Cash Flow	0.00	0.00	0.00	0.00	-2.86K
Financing Cash Flow	-93.45K	7.06K	39.19K	4.50K	31.27K

A-1 Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
AWON	46 Neutral	$3.65M	―	-6.05%	―	―	-100.00%
BSLK	43 Neutral	$523.83K	-0.01	―	―	62620.00%	-3469.28%