Lite Access Technologies (LTE) AI Stock Analysis

• Market Cap: C$6.31M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.18
• Revenue Growth: 30.25%
• EPS Growth: 67.07%
• Country: CA
• Employees: N/A
• Sector: Technology
• Sector Strength: 66
• Industry: Communication Equipment
• EPS (TTM): >-0.01
• Shares Outstanding: 84,137,024
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• 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

Lite Access Technologies is facing significant financial and valuation challenges. The financial performance indicates declining revenue and net losses, coupled with a concerning balance sheet. Technical indicators show limited momentum, and the valuation metrics are unfavorable with a negative P/E ratio and no dividend yield. Improvements in cash management provide a slight positive outlook, but overall, the stock remains a high-risk investment.

Lite Access Technologies Business Overview & Revenue Model

Company Description

Lite Access Technologies Inc. manufactures, distributes, sells, and installs fiber optic technology specializing in micro-duct and air-blown fiber in Canada, the United States, and internationally. It operates through three segments: Product, Fibre Optic Installation, and Concrete Cutting. The company offers micro-duct, air-blown fiber, and micro and narrow trench installation services for use in various communication networks. It also provides fiber-optic cables, aerial and low fire hazard micro-ducts, connectors, and sundries, as well as proprietary items, such as a cutting head, shark blades, and the LiteXtend solution, as well as breeze cable blowing machines. The company serves municipal and regional governments, telecom carriers and internet service providers, first nations communities, and fibre to the home/premises, as well as intelligent traffic control, healthcare, point to point, and education networks. Lite Access Technologies Inc. was incorporated in 2003 and is headquartered in Langley, Canada.

How the Company Makes Money

Lite Access Technologies generates revenue through the provision of its fiber optic network installation services. The company's key revenue streams include contracts with telecommunications providers, municipalities, and private enterprises seeking to enhance their broadband infrastructure. Additionally, LTE may enter into partnerships with technology and construction firms to deliver end-to-end network solutions, further contributing to its earnings. The company's focus on innovative and efficient deployment techniques allows it to maintain competitive pricing while ensuring high-quality service delivery, which is a significant factor in its financial performance.

Lite Access Technologies Financial Statement Overview

Summary

Lite Access Technologies faces significant financial challenges, with declining revenues, continuous net losses, and a weak balance sheet marked by negative equity. While there are improvements in cash management, the company needs to address its revenue decline and structural financial weaknesses to enhance stability and growth prospects.

Income Statement

The income statement reflects a challenging financial performance. The TTM Gross Profit Margin stands at 12.76%, which shows improvement over previous periods but remains low for the industry. Net Profit Margin is negative, reflecting continued net losses. Revenue has declined significantly since 2020, with a 63.3% decrease from 2020 to 2024 TTM. This trajectory indicates struggles in maintaining revenue growth and profitability.

Balance Sheet

The balance sheet indicates financial instability. The Debt-to-Equity ratio is not calculable due to negative equity, and Stockholders' Equity is negative, suggesting insolvency risks. The Equity Ratio is also negative, which is concerning. Overall, the balance sheet shows a highly leveraged and undercapitalized position.

Cash Flow

Cash flow analysis shows some positive signs, with a positive Operating Cash Flow in the TTM period, indicating improved cash management. The Free Cash Flow is also positive, but overall, cash flow remains volatile. The Free Cash Flow to Net Income Ratio is not meaningful due to net losses, but the improvement in cash flow management provides some optimism.

Breakdown
Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
4.78M	5.00M	5.78M	7.19M	18.87M
	Gross Profit
816.73K	364.98K	-162.80K	584.67K	-1.37M
	EBIT
-548.33K	-1.49M	-2.52M	-2.81M	-17.47M
	EBITDA
-326.07K	-1.15M	-2.38M	-2.30M	-2.98M
	Net Income Common Stockholders
-630.77K	-1.48M	-2.92M	2.15M	-17.48M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.06M	562.16K	239.10K	627.78K	1.49M
	Total Assets
3.72M	2.85M	3.61M	6.55M	11.65M
	Total Debt
668.85K	738.88K	508.19K	1.51M	666.33K
	Net Debt
-390.56K	176.72K	269.09K	877.61K	-820.30K
	Total Liabilities
4.45M	3.02M	3.01M	4.08M	13.05M
	Stockholders Equity
-736.94K	-169.76K	598.15K	2.47M	-1.40M
Cash Flow		Free Cash Flow
650.66K	-349.72K	-2.22M	-1.56M	-8.12M
	Operating Cash Flow
650.66K	-326.37K	-2.15M	-1.55M	-7.64M
	Investing Cash Flow
0.00	72.51K	-39.98K	100.61K	-265.12K
	Financing Cash Flow
-153.41K	576.92K	937.60K	886.84K	8.16M

Lite Access Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TTZ	66 Neutral	C$4.89M	15.95	6.33%	―	-14.45%	-29.70%
Sector *	60 Neutral	$10.94B	10.48	-7.04%	2.99%	7.55%	-12.20%
VTI	50 Neutral	C$4.68M	―	-33.87%	―	98.58%	51.85%
NVI	45 Neutral	C$1.67M	―	27.31%	―	-19.37%	-772.00%
LTE	41 Neutral	C$6.31M	―		―	30.25%	67.07%
YFI	34 Underperform	C$14.27M	―	7.60%	―	-100.00%	―