📊 CTGO Key Takeaways
Investment Thesis
Contango ORE demonstrates severe operational distress with negative revenue, massive net losses ($36.1M), and deteriorating profitability metrics that indicate fundamental business challenges in the mining sector. The company's negative operating margin of -909% and negative net margin of 474% reveal unsustainable cost structures and substantial non-operating charges that mask operational failure. While positive operating cash flow suggests some liquidity relief, the company's precarious current ratio of 0.90x combined with high leverage (1.35x debt-to-equity) indicates acute financial stress and limited runway.
CTGO Strengths
- Positive operating cash flow of $25.7M provides near-term liquidity buffer
- Strong cash position of $64.8M relative to total assets provides runway for operations or restructuring
- Interest coverage of 153.7x suggests current debt service is manageable despite financial distress
CTGO Risks
- Negative revenue of -$7.6M indicates asset impairment or significant reserve adjustments rather than sustainable operations
- Extreme negative net margin of 474% driven by massive non-operating charges signals major goodwill/asset writedowns or legal settlements
- Sub-1.0x current ratio (0.90x) indicates potential liquidity crisis and inability to cover short-term obligations without asset sales
- Deteriorating balance sheet with liabilities at 85% of assets limits financial flexibility
- Diluted EPS of -$2.80 demonstrates shareholder value destruction despite modest YoY improvement
Key Metrics to Watch
- Quarterly operating cash flow trend to assess if positive FCF is sustainable
- Nature and magnitude of non-operating charges driving net losses in next filing
- Current ratio movement and working capital adequacy over next two quarters
- Debt refinancing ability given financial distress and leverage levels
CTGO Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
CTGO Profitability Ratios
CTGO vs Default Sector
How Contango ORE, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CTGO Balance Sheet & Liquidity
CTGO 5-Year Financial Trend
5-Year Trend Summary: Contango ORE, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-3.49 indicates the company is currently unprofitable.
CTGO Growth Metrics (YoY)
CTGO Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2015 | N/A | -$346.2K | $-0.09 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CTGO Capital Allocation
CTGO SEC Filings
Access official SEC EDGAR filings for Contango ORE, Inc. (CIK: 0001502377)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CTGO
What is the AI rating for CTGO?
Contango ORE, Inc. (CTGO) has an AI rating of STRONG SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CTGO's key strengths?
Positive operating cash flow of $25.7M provides near-term liquidity buffer. Strong cash position of $64.8M relative to total assets provides runway for operations or restructuring.
What are the risks of investing in CTGO?
Negative revenue of -$7.6M indicates asset impairment or significant reserve adjustments rather than sustainable operations. Extreme negative net margin of 474% driven by massive non-operating charges signals major goodwill/asset writedowns or legal settlements.
What is CTGO's revenue and growth?
Contango ORE, Inc. reported revenue of $-7.6M.
Does CTGO pay dividends?
Contango ORE, Inc. does not currently pay dividends.
Where can I find CTGO SEC filings?
Official SEC filings for Contango ORE, Inc. (CIK: 0001502377) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CTGO's EPS?
Contango ORE, Inc. has a diluted EPS of $-2.80.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.