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Lite Access Technologies (TSE:LTE)
:LTE

Lite Access Technologies (LTE) AI Stock Analysis

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Lite Access Technologies

(LTE)

Rating:41Neutral
Price Target:
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 (LTE) vs. iShares MSCI Canada ETF (EWC)

Lite Access Technologies Business Overview & Revenue Model

Company DescriptionLite Access Technologies (LTE) is a company specializing in the design, deployment, and operation of innovative fiber optic networks. The company operates primarily within the telecommunications and broadband sectors, offering a comprehensive range of services including micro-trenching, air-blown fiber, and other cutting-edge deployment methodologies. Lite Access Technologies is committed to providing efficient and cost-effective connectivity solutions for both urban and rural environments.
How the Company Makes MoneyLite 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
40
Negative
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
30
Negative
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
50
Neutral
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
TTMSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income StatementTotal Revenue
5.30M4.78M5.00M5.78M7.19M18.87M
Gross Profit
675.79K816.73K364.98K-162.80K584.67K-1.37M
EBIT
-402.94K-548.33K-1.49M-2.52M-2.81M-17.47M
EBITDA
-175.84K-326.07K-1.15M-2.38M-2.30M-2.98M
Net Income Common Stockholders
-475.55K-630.77K-1.48M-2.92M2.15M-17.48M
Balance SheetCash, Cash Equivalents and Short-Term Investments
951.38K1.06M562.16K239.10K627.78K1.49M
Total Assets
3.03M3.72M2.85M3.61M6.55M11.65M
Total Debt
705.05K668.85K738.88K508.19K1.51M666.33K
Net Debt
-246.33K-390.56K176.72K269.09K877.61K-820.30K
Total Liabilities
3.61M4.45M3.02M3.01M4.08M13.05M
Stockholders Equity
-584.60K-736.94K-169.76K598.15K2.47M-1.40M
Cash FlowFree Cash Flow
808.24K650.66K-349.72K-2.22M-1.56M-8.12M
Operating Cash Flow
854.96K650.66K-326.37K-2.15M-1.55M-7.64M
Investing Cash Flow
-46.73K0.0072.51K-39.98K100.61K-265.12K
Financing Cash Flow
-157.22K-153.41K576.92K937.60K886.84K8.16M

Lite Access Technologies Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSTTZ
63
Neutral
C$4.89M17.125.94%-5.36%-32.32%
62
Neutral
$11.72B10.43-7.10%2.91%7.41%-7.94%
TSVTI
50
Neutral
C$6.28M-22.77%98.58%51.85%
TSNVI
45
Neutral
C$2.67M27.31%-19.37%-772.00%
TSLTE
41
Neutral
C$6.31M
30.25%67.07%
TSYFI
35
Underperform
C$11.89M7.60%-100.00%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:LTE
Lite Access Technologies
0.08
0.00
0.00%
TSE:NVI
Novra Technologies
0.08
0.03
60.00%
TSE:TTZ
Total Telcom
0.19
-0.09
-32.14%
TSE:VTI
Valdor Technology International
0.04
0.02
100.00%
TSE:YFI
Edgewater Wireless Systems
0.05
0.01
25.00%
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

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.