AirNet Technology (ANTE) AI Stock Analysis

• Market Cap: $5.76M
• Dividend Yield: N/A
• Average Volume (3M): 4.81M
• Price to Earnings (P/E): 0.1
• Beta (1Y): -1.21
• Revenue Growth: -45.64%
• EPS Growth: N/A
• Country: US
• Employees: 30
• Sector: Communication Services
• Sector Strength: 78
• Industry: Telecommunications Services
• EPS (TTM): 3.49
• Shares Outstanding: 14,307,830
• 10 Day Avg. Volume: 14,140,152
• 30 Day Avg. Volume: 4,807,804
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 7.87
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

AirNet Technology is currently in a precarious financial position, with substantial declines in revenue, negative profitability, and a troubling balance sheet. Technical indicators and valuation metrics reflect a lack of investor confidence, while the significant drop in stock price post-earnings call underscores market concerns. Immediate strategic actions are required to stabilize and improve the company's financial standing.

AirNet Technology Business Overview & Revenue Model

Company Description

AirNet Technology (ANTE) is a company primarily involved in the provision of in-flight solutions and digital media services. It operates in sectors that include aviation and media, offering products and services designed to enhance the passenger experience on commercial flights. The company's core offerings include in-flight entertainment systems and connectivity services, which are aimed at providing passengers with a seamless and enjoyable journey.

How the Company Makes Money

AirNet Technology makes money through several revenue streams, primarily centered around its in-flight entertainment and connectivity services. The company partners with airlines to provide these services, often generating revenue through long-term contracts and service agreements. Additionally, AirNet may generate income from advertising and sponsorship opportunities within its digital media content, as well as potential revenue-sharing arrangements with airlines. These partnerships and service offerings are critical factors contributing to the company's earnings.

AirNet Technology Financial Statement Overview

Summary

AirNet Technology is facing severe financial difficulties, marked by a significant decline in revenue, negative profitability, and a weak balance sheet with negative equity. Cash flow inefficiencies further stress the company's financial health.

Income Statement

AirNet Technology shows a significant decline in revenue and profitability over the years. The gross profit margin and net profit margin are negative, indicating that the company is not generating profits from its operations. The revenue has drastically decreased from previous years, with a 68.75% decrease from 2022 to 2023, further highlighting the company's struggle to maintain its market position.

Balance Sheet

The balance sheet reveals a concerning financial structure with liabilities exceeding assets, resulting in negative stockholders' equity. The debt-to-equity ratio is also not meaningful due to negative equity, and the company's equity ratio is unfavorable. The high level of liabilities compared to assets indicates potential solvency issues.

Cash Flow

The cash flow analysis shows negative operating cash flow and free cash flow, indicating that the company is not generating sufficient cash from its operations. The free cash flow to net income and operating cash flow to net income ratios are not favorable, reflecting inefficiencies in converting income into cash.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
5.38M	845.00K	2.87M	11.68M	23.43M	26.02M
	Gross Profit
-4.89M	-531.00K	-2.35M	-3.10M	3.85M	-7.57M
	EBIT
-13.52M	-3.86M	-14.08M	-13.97M	-98.00K	-33.38M
	EBITDA
-8.28M	1.42M	-4.31M	-13.97M	-765.00K	-31.76M
	Net Income Common Stockholders
-12.60M	-574.00K	-12.31M	-17.79M	7.53M	-33.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
427.00K	407.00K	3.80M	5.55M	5.39M	5.63M
	Total Assets
72.17M	72.17M	115.15M	96.03M	115.08M	97.71M
	Total Debt
11.11M	6.00K	14.02M	15.20M	10.81M	4.17M
	Net Debt
10.94M	-144.00K	11.31M	13.63M	10.53M	3.21M
	Total Liabilities
93.26M	93.26M	101.80M	104.97M	116.44M	116.67M
	Stockholders Equity
11.85M	11.85M	45.76M	24.50M	31.62M	20.46M
Cash Flow		Free Cash Flow
57.26M	-1.82M	614.00K	-5.06M	-5.64M	-17.72M
	Operating Cash Flow
-540.00K	-1.82M	614.00K	-4.97M	-5.55M	-14.92M
	Investing Cash Flow
70.47M	0.00	138.00K	698.00K	352.00K	4.44M
	Financing Cash Flow
-54.31M	-1.22M	1.21M	-9.43M	19.16M	-4.32M

AirNet Technology Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANTE, the sentiment is Negative. The current price of 0.4 is below the 20-day moving average (MA) of 0.55, below the 50-day MA of 0.50, and below the 200-day MA of 0.58, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 45.14 is Neutral, neither overbought nor oversold. The STOCH value of 0.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANTE.

AirNet Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RDCM	69 Neutral	$194.92M	28.31	7.82%	―	18.23%	81.31%
SIFY	65 Neutral	$345.22M	―	0.20%	―	12.76%	―
Sector *	59 Neutral	$29.14B	0.91	-18.74%	4.05%	2.07%	-49.65%
FENG	41 Neutral	$27.56M	―	-4.47%	―	0.22%	49.14%
WATT	40 Underperform	$8.42M	―	-353.11%	―	61.96%	39.34%
IZEA	39 Underperform	$35.21M	―	-33.05%	―	-6.51%	-117.84%
ANTE	25 Underperform	$5.76M	0.12	98.14%	―	-45.64%	―