Investment Thesis
Altex Industries is in severe operational distress with nearly non-existent revenue of $7K, massive operating losses (-$93K), and negative cash flow (-$32K). The company is burning through its minimal cash position while generating losses that dwarf revenue, indicating fundamental business failure in its crude petroleum and natural gas operations.
ALTX Strengths
- Strong liquidity position with $2.5M cash representing 93% of total assets
- Moderate current and quick ratios of 2.0x indicate short-term payment capability
- Zero long-term debt eliminates refinancing risk
ALTX Risks
- Revenue has collapsed to $7K with 21.7% YoY decline, indicating near-zero business activity
- Operating losses of -$93K against $7K revenue represent -1328.6% operating margin
- Negative operating and free cash flow of -$32K with current cash burn rate unsustainable without business revival
- Net losses of -$30K and negative ROE/ROA demonstrate value destruction
- No insider trading activity in 90 days suggests potential loss of confidence from management
Key Metrics to Watch
- Quarterly revenue trend and path to profitability
- Monthly cash burn rate and remaining cash runway
- Operating cash flow sustainability and break-even timeline
ALTX Financial Metrics
ALTX Profitability Ratios
ALTX Balance Sheet & Liquidity
ALTX 5-Year Financial Trend
5-Year Trend Summary: ALTEX INDUSTRIES INC's revenue has declined by 48% over the 5-year period, indicating business contraction.
ALTX Growth Metrics (YoY)
ALTX Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $5.0K | -$30.0K | N/A |
| Q3 2025 | $4.0K | -$12.0K | N/A |
| Q2 2025 | $4.0K | -$30.0K | N/A |
| Q1 2025 | $5.0K | -$16.0K | N/A |
| Q3 2024 | $4.0K | -$18.0K | N/A |
| Q2 2024 | $6.0K | -$21.0K | N/A |
| Q1 2024 | $6.0K | -$16.0K | N/A |
| Q3 2023 | $6.0K | -$18.0K | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
ALTX Capital Allocation
ALTX SEC Filings
Access official SEC EDGAR filings for ALTEX INDUSTRIES INC (CIK: 0000775057)