Company DescriptionSixty Six Capital Inc. provides co-location and cloud computing services. The company engages in the high-performance computing, storage, and information processing activities. It also invests in various technology sectors, such as crypto tokens and crypto finance. The company was formerly known as Hydro66 Holdings Corp. and changed its name to Sixty Six Capital Inc. in April 2021. Sixty Six Capital Inc. is headquartered in London, the United Kingdom.

How the Company Makes Money

Sixty Six Capital Inc Financial Statement Overview

Summary

Sixty Six Capital Inc. displays a challenging financial position with inconsistent income generation, improving yet still leveraged balance sheet stability, and negative cash flow trends. While there are signs of improvement in equity and cash positions, significant operational and liquidity challenges remain.

Income Statement

Very Negative

The company shows a lack of consistent revenue generation with a significant net income shift from a large loss to profit in TTM. Gross and EBIT margins are unstable, with EBIT remaining negative, indicating operational challenges. Revenue growth is non-existent due to volatile and minimal revenue figures.

Balance Sheet

Positive

The balance sheet reflects moderate stability with an improving equity position and a decreasing debt-to-equity ratio from negative to positive equity. However, the total liabilities remain high compared to assets. The equity ratio is strengthening, indicating a better capital structure.

Cash Flow

Negative

Cash flow from operations is negative, with free cash flow also in the negative territory, indicating liquidity issues. The free cash flow growth is volatile, and while there is some improvement, the company struggles to generate positive cash flow.

TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Breakdown
Income Statement		Total Revenue
22.80K	0.00	0.00	1.78M	3.61M	4.60M
	Gross Profit
22.80K	0.00	0.00	635.90K	-348.26K	-36.77K
	EBIT
-253.63K	-103.79K	-35.27M	-1.84M	-6.42M	-4.90M
	EBITDA
4.33M	10.12M	-35.27M	25.40M	-4.13M	-3.28M
	Net Income Common Stockholders
3.85M	9.64M	-70.01M	50.67M	-7.37M	-5.65M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
384.26K	12.05M	3.02M	104.55K	198.58K	997.57K
	Total Assets
1.08M	12.07M	3.04M	39.11M	19.30M	18.37M
	Total Debt
0.00	6.87M	6.45M	5.97M	8.69M	5.66M
	Net Debt
-384.26K	5.56M	6.41M	5.87M	8.49M	4.67M
	Total Liabilities
496.60K	6.90M	7.67M	8.22M	13.68M	7.40M
	Stockholders Equity
586.85K	5.17M	-4.63M	30.89M	5.63M	10.97M
Cash Flow		Free Cash Flow
-2.39M	-282.80K	-250.95K	-1.33M	-5.78M	-5.83M
	Operating Cash Flow
-1.37M	-282.80K	-250.95K	-785.01K	-4.21M	-5.59M
	Investing Cash Flow
-1.20M	1.62M	0.00	1.08M	1.59M	2.12M
	Financing Cash Flow
0.00	-67.61K	187.57K	8.37K	1.98M	2.26M

Sixty Six Capital Inc Peers Comparison

Overall Rating

UnderperformOutperform

Sector (64)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HYHDF		$7.45M	15.45	7.73%	―	―	―
Sector *	64 Neutral	$12.87B	9.81	7.76%	16985.65%	12.28%	-7.83%
GBC		C$1.87M	―		―	―	―
CSTR	44 Neutral	C$8.47M	―	-80.93%	―	-66.56%	4.86%
BTC	34 Underperform	C$10.11M	―	-277.57%	―	55.13%	90.42%
BIDCF		$1.59M	―		―	―	―
BKLIF		$2.82M	―	3.94%	―	―	―

* Financial Sector Average

Performance Comparison

HYHDF

Sixty Six Capital Inc

0.05

0.03

150.00%

TSE:GBC

GreenBank Capital

0.02

0.00

0.00%

TSE:BTC

Bluesky Digital Assets

0.14

0.02

16.67%

TSE:CSTR

CryptoStar Corp

0.02

-0.02

-50.00%

BIDCF

BlockchainK2

0.15

-0.02

-11.76%

BKLIF

BlockMint Technologies

0.05

0.02

66.67%

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

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