Investment Thesis
Amesite is a pre-revenue stage software company in severe financial distress with collapsing revenue (-33.8% YoY), massive negative profitability margins exceeding -679%, and deteriorating cash position. The company is burning cash at an unsustainable rate with negative operating cash flow of -1.0M annually on virtually no revenue base, creating an existential liquidity crisis.
AMST Strengths
- Positive current ratio of 2.72x provides near-term liquidity cushion
- Zero long-term debt eliminates leverage risk
- Cash reserves of 1.2M provide limited runway for operations
AMST Risks
- Revenue collapsed 33.8% YoY to only 202.3K, indicating failed commercialization
- Negative operating cash flow of -1.0M annually will deplete cash reserves within 12-14 months
- Operating margin of -695.5% and net margin of -679.4% demonstrate the business model is fundamentally broken
- Negative ROE of -91.2% and ROA of -68.8% indicate value destruction
- No gross profit data suggests inability to achieve unit economics
Key Metrics to Watch
- Quarterly revenue trend and burn rate acceleration/deceleration
- Cash balance trajectory and runway until insolvency
- Operating expense reduction progress and cost containment efforts
AMST Financial Metrics
AMST Profitability Ratios
AMST Balance Sheet & Liquidity
AMST 5-Year Financial Trend
5-Year Trend Summary: Amesite Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-1.73 indicates the company is currently unprofitable.
AMST Growth Metrics (YoY)
AMST Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $12.8K | -$642.3K | $-0.16 |
| Q1 2026 | $11.3K | -$642.3K | $-0.14 |
| Q3 2024 | $139.0K | -$699.5K | $-0.37 |
| Q3 2021 | $418.3K | -$876.7K | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
AMST Capital Allocation
AMST SEC Filings
Access official SEC EDGAR filings for Amesite Inc. (CIK: 0001807166)