ASTRA ENERGY INC.
0.0223-0.00 (-14.2%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCQB · ASRE · USD
Key Stats
Market Cap
1.68MP/E (TTM)
-Basic EPS (TTM)
-0.12Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Astra Energy posted no revenue for Q3 FY2025 ended May 31, 2025, mirroring last year, while operating expenses dipped to $532,623 from $625,839 y/y, yielding a narrower operating loss of $532,623 (down 14.9% y/y). Yet net loss ballooned to $4,790,408 from $80,435 y/y, driven by a $4,253,918 impairment on its Holcomb investment and license, plus $230,209 bad debt on a related-party receivable. For the nine months, net loss widened to $5,878,527 from $791,861 y/y, with EPS at $(0.08) on 74.7M diluted shares, consistent with no anti-dilution effects. Cash drained to $9,646 amid $88,366 operating outflow, offset by $200,000 related-party financing, while liabilities climbed to $13.4M including $2.7M director notes; free cash flow not disclosed in the 10-Q. A June 2025 settlement returned 10M shares but swapped exclusive rights for a non-exclusive license with 7.5% royalties. No revenue yet. Delays in funding the $195M Zanzibar project pose funding risks.
8-K
Joint venture settlement finalized
Astra Energy Inc. settled its joint venture with Holcomb Energy Systems LLC on June 5, 2025, redeeming 10 million restricted common shares from Holcomb while returning its 50% stake in Astra-Holcomb Energy Systems LLC and relinquishing exclusive global rights to the In-Line Power Generator and Self-Sustaining Power Plant patents. In exchange, Astra gains a non-exclusive license for its own projects, paying no upfront fee but 7.5% royalties plus 2.5% for R&D on wholesale costs once operational. This deal sharpens Astra's focus on its build-own-operate model. The tech promises better ROI.
8-K
Board bolstered amid litigation
Astra Energy bolstered its board on May 22, 2025, appointing energy policy veteran Tom Rose and seasoned entrepreneur Fred L. Solomon, bringing decades of regulatory, operational, and startup expertise to guide strategic growth. This follows the April 14 resignation of Robert Holcomb, with the company now reclassifying 10 million related-party shares to non-voting Class B amid ongoing federal litigation in Florida's Middle District Court. The moves safeguard Class A stockholder interests while strengthening governance amid legal pressures.
10-Q
Q2 FY2025 results
Astra Energy posted no revenue for Q2 FY2025 ended February 28, 2025, mirroring last year, while operating expenses climbed 3.6% y/y to $405,022, driven by higher land lease penalties and executive compensation, yielding an operating loss of $405,022—up from $390,790. Net loss widened 16.1% y/y to $459,262, or $0.00 per diluted share on 74.8M shares, with the gap to operating loss under 20% tied to interest expense; YTD net loss hit $1,088,119, or $0.01 per share, consistent with diluted shares. Cash dwindled to $3,646 after $219K used in operations, offset by $200K related-party financing, leaving free cash flow not disclosed in the 10-Q. Joint ventures for Holcomb power tech and Zanzibar clean energy park advanced without operations, but a subsequent resignation and equipment seizure at Holcomb threaten progress. Yet funding delays persist.
8-K
Holcomb resigns amid seizure
Astra Energy's board accepted Robert Holcomb's resignation as director on April 14, 2025, amid a recent search and seizure at Holcomb Energy Systems LLC's office. The company has limited details and is consulting counsel before proceeding. This disruption will likely hinder operations tied to the April 1, 2024, joint venture for exclusive worldwide manufacturing of inline power generator technology. Uncertainty looms over the venture's progress.
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