Aether Holdings, Inc.
5.80-0.15 (-2.53%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · ATHR · USD
Key Stats
Market Cap
70.18MP/E (TTM)
-Basic EPS (TTM)
-0.17Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Aether Holdings posted Q3 FY2025 revenue of $342K, down 4% y/y but up from Q2's $284K (derived), with gross profit at $239K yielding a 69.9% margin—stable yet resilient amid subscriber dips. Operating expenses surged to $1.3M, driven by $713K in legal fees and $227K in salaries for new executives, flipping a $299K y/y loss to $1.0M; net loss widened to $1.0M, or $0.08 per diluted share on 11.9M shares, while YTD net loss hit $1.7M versus $575K last year, reconciled without anti-dilution flags. Cash swelled to $6.2M post-IPO, funding $2.0M YTD operating burn and minor $10K investing outlays, with no debt but ample runway. New subsidiaries in newsletters and AI tools signal expansion, capped by regulatory risks in crypto treasury plans. Subscriber churn stings.
10-Q
Q2 FY2025 results
Aether Holdings posted Q2 FY2025 revenue of $341.9K, down 6.4% y/y from $365.2K but stable q/q, with gross profit slipping to $232.3K and a 67.9% margin versus 70.0% last year, as paid subscribers dipped to 2,331 amid fading promo effects. Operating expenses jumped 40.9% y/y to $617.2K, driven by higher G&A from executive hires and IPO prep, yielding a $390.2K net loss—wider than the prior $182.3K due to those costs and a $5.3K franchise tax hit. Cash burned $361.8K in H1 operations, ending at $193.3K with negative working capital, but the April 2025 IPO delivered $8.9M gross to bolster liquidity. A new subsidiary targets newsletter growth. Subscriber churn lingers as a risk.
8-K
Aether inks director pacts
Aether Holdings entered independent director agreements on April 30, 2025, with Justin P. Molander, David Mandel, and Timothy W. Murphy, appointed to the board on April 9 amid its IPO. Each receives $30,000 annually, plus $5,000 for committee chairs, alongside expense reimbursements and standard indemnification to the fullest under Delaware law. This bolsters governance post-IPO. Yet risks persist if independence lapses.
8-K
IPO over-allotment fully exercised
Aether Holdings closed its fully exercised over-allotment option on April 16, 2025, issuing 270,000 additional shares at $4.30 each for $1.16 million in gross proceeds. This boosted the IPO total to 2,070,000 shares and $8.9 million. The extra capital strengthens the company's position post-IPO. Underwriters led by The Benchmark Company handled the option.
8-K
Aether IPO closes with $6.5M net
Aether Holdings closed its IPO on April 11, 2025, selling 1,800,000 shares at $4.30 each for gross proceeds of $7.74 million and net proceeds of $6.52 million. The fintech firm plans to deploy the funds toward product development, hiring in finance, sales, and research, plus marketing and working capital. Underwriters hold a 30-day option for 270,000 more shares. Risks include AI regulations and user retention challenges.
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