MLGO
MicroAlgo Inc.6.71
+0.15+2.29%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
81.53MP/E (TTM)
-Basic EPS (TTM)
-48.30Dividend Yield
0%Recent Filings
10-Q
Q1 FY2023 results
MicroAlgo's Q1 2023 revenue dipped 24% y/y to $17.8M, driven by a sharp drop in intelligent chips sales to $1.4M amid supply chain woes, yet central processing algorithm services climbed 12% y/y to $16.4M on stronger advertising demand. Gross profit held steady at $5.0M with margins expanding to 27.8% from 23.1%, but operating loss widened to $1.4M from $1.2M income as R&D expenses surged 63% to $5.2M for algorithm enhancements. Diluted EPS fell to -$0.03 on 43.9M shares, consistent with the net loss of $1.3M. Cash ended at $21.0M after $2.8M operating outflow, with no debt but $20M advanced to parent; free cash flow not disclosed in the 10-Q. Post-quarter, a lawsuit against the former SPAC sponsor seeks damages over merger disputes. Chip market volatility poses ongoing risks.
10-K
FY2022 results
MicroAlgo Inc. posted FY2022 revenues of $87.1 million, up 6.2% y/y, driven by a 57.3% surge in central processing algorithm services to $66.6 million amid rising internet ad demand, though offset by a 48.2% drop in intelligent chips sales to $20.6 million from sluggish electronics demand. Q4 momentum faltered with COVID-19 resurgences curbing ad spending and channel costs, compressing overall gross margins to 21.8% from 40.4% y/y, while CPA margins fell to 27.6% due to short-form video competition. R&D spend dipped 16% to $13.9 million, yet impairments hit $8.2 million on chips goodwill, swinging operations to a $7.9 million loss. Liquidity stayed solid at $42.7 million cash, with no dividends or buybacks; no 2023 guidance disclosed. PRC regulatory shifts on data security could stall quarterly growth.
8-K
2022 revenues rise to $87.1M
MicroAlgo Inc. reported $87.1 million in revenues for 2022, up $5.1 million from the prior year, driven by expanded algorithmic services for network video customers. The company filed its Form 10-K on March 29, 2023, highlighting its focus on R&D for intelligent chips and proprietary solutions. Public markets now fuel this growth. Forward-looking statements note risks in the 10-K.
8-K
Auditor switch completed cleanly
MicroAlgo Inc. terminated its engagement with Marcum LLP as independent auditor on March 16, 2023, and promptly engaged OneStop Assurance PAC to fill the role, with approval from its Audit Committee and Board. No disagreements arose with Marcum on accounting principles, disclosures, or audit procedures during the prior two fiscal years or interim periods, and no reportable events occurred. This switch ensures continuity in financial oversight. Clean transitions like this keep investors steady.
8-K
Private placement raises $3.2M
MicroAlgo Inc. signed a private placement agreement on January 13, 2023, with Joyous JD Limited to sell up to 2,666,667 units at $1.20 each, yielding $3.2 million in gross proceeds. Each unit includes one ordinary share and a warrant exercisable at $1.35 per share, with closing pending customary conditions. This capital infusion bolsters liquidity, yet hinges on regulatory filings under the registration rights pact. Deal closes soon.
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