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Nano Labs Ltd. Sponsored ADR Class A (NA)
NASDAQ:NA
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Nano Labs Ltd. Sponsored ADR Class A
(NASDAQ:NA)
46Neutral
Nano Labs Ltd. Sponsored ADR Class A (NA) vs. S&P 500 (SPY)
Market Cap
$73.72M
Dividend YieldN/A
Average Volume (3M)11.72K
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees88
SectorTechnology
Sector Strength49
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.95
Shares Outstanding14,285,610
10 Day Avg. Volume18,259
30 Day Avg. Volume11,725
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.44
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Nano Labs Ltd. Sponsored ADR Class A Business Overview & Revenue Model
Company DescriptionNano Labs Ltd operates as a fabless integrated circuit design company and product solution provider in the People's Republic of China and internationally. The company develops high throughput computing and high-performance computing chips. It also offers distributed computing and storage solutions, smart network interface cards, and vision computing chips, as well as distributed rendering technology. In addition, the company engages in the research and development of software. Its customers include enterprises and individual buyers. The company was incorporated in 2019 and is headquartered in Hangzhou, the People's Republic of China.
How the Company Makes MoneyNano Labs Ltd. generates revenue primarily through the sale of its nano-engineered products and solutions. The company collaborates with various industrial partners to integrate its advanced materials into existing and new products, thus expanding its market reach. Key revenue streams include direct sales to manufacturers, licensing agreements for its proprietary technologies, and research and development partnerships. Additionally, the company may benefit from government grants and contracts for projects that align with national technological advancements and innovations. Strategic alliances and joint ventures also play a significant role in enhancing its revenue potential by tapping into new markets and leveraging shared resources.
Nano Labs Ltd. Sponsored ADR Class A Financial Statement Overview
Summary
Nano Labs is grappling with financial difficulties, marked by declining revenues, persistent losses, and negative cash flow. However, there are signs of improvement in the balance sheet with increased equity and reduced debt.Income Statement
Nano Labs has experienced a significant decline in revenue from 2022 to 2023, with revenue dropping from $98.3 million to $78.3 million. The net profit margin is deeply negative in recent years, indicating substantial losses. EBIT and EBITDA margins are also negative, highlighting operational challenges. The company needs to address these profitability issues to improve its financial health.38
Negative
Balance Sheet
The company's debt-to-equity ratio improved in 2023, with total debt decreasing and stockholders' equity recovering from negative to positive. Despite this improvement, the equity ratio remains low, indicating a high reliance on debt. The return on equity is negative due to consistent net losses, which is a concern. However, the balance sheet shows potential stabilization with increased assets and equity in the latest period.55
Neutral
Cash Flow
Cash flow from operations remains negative, but the company has managed to secure financing to support its cash needs. Free cash flow is negative, indicating cash outflows exceed inflows, which raises concerns about the company's ability to sustain its operations without external funding. Improvement in free cash flow growth is necessary for long-term viability.45
Neutral
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 50.81M | 40.60M | 78.34M | 983.17M | 39.44M | 2.13M | Gross Profit |
| 20.25M | 11.60M | -103.45M | 230.16M | -4.09M | 856.13K | EBIT |
| -152.70M | -98.51M | -260.79M | 3.84M | -178.79M | -36.92M | EBITDA |
| -117.31M | -100.99M | -243.27M | 20.68M | -168.90M | -37.08M | Net Income Common Stockholders |
| -177.27M | -113.19M | -252.82M | 47.97M | -176.31M | -37.70M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 10.68M | 275.32M | 50.53M | 87.81M | 265.74M | 35.33M | Total Assets |
| 15.37M | 615.93M | 350.30M | 367.24M | 909.83M | 61.49M | Total Debt |
| 1.43M | 198.87M | 150.88M | 23.67M | 7.35M | 5.74M | Net Debt |
| 12.11M | 166.43M | 102.72M | -64.14M | -226.51M | -29.59M | Total Liabilities |
| 27.50M | 383.03M | 366.56M | 202.83M | 934.49M | 110.01M | Stockholders Equity |
| -11.03M | 230.79M | -14.73M | 164.41M | -24.66M | -48.52M |
| Cash Flow | Free Cash Flow | ||||
| -228.00M | -175.70M | -238.96M | -341.76M | 63.04M | -3.96M | Operating Cash Flow |
| -175.59M | -139.33M | -133.47M | -274.94M | 71.73M | -3.03M | Investing Cash Flow |
| -52.40M | -256.77M | -105.48M | -33.18M | -36.05M | -1.65M | Financing Cash Flow |
| 229.35M | 375.98M | 199.52M | 161.00M | 164.90M | 29.36M |
Nano Labs Ltd. Sponsored ADR Class A Technical Analysis
Negative
4.30
Price Trends
5.35
Negative
6.82
Negative
5.71
Negative
Market Momentum
-0.34
Negative
43.78
Neutral
61.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NA, the sentiment is Negative. The current price of 4.3 is below the 20-day moving average (MA) of 4.42, below the 50-day MA of 5.35, and below the 200-day MA of 5.71, indicating a bearish trend. The MACD of -0.34 indicates Negative momentum. The RSI at 43.78 is Neutral, neither overbought nor oversold. The STOCH value of 61.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NA.
Nano Labs Ltd. Sponsored ADR Class A Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $72.51M | 25.36 | 2.95% | ― | 5.99% | -71.06% | |
58 Neutral | $11.04B | 9.83 | -6.56% | 3.16% | 7.59% | -10.43% | |
55 Neutral | $51.15M | 43.03 | 1.46% | ― | -13.71% | ― | |
47 Neutral | $53.35M | ― | -5.86% | ― | 31.09% | 35.51% | |
46 Neutral | $73.72M | ― | 1716.04% | ― | ― | ― | |
41 Neutral | $70.15M | ― | -36.62% | ― | -10.03% | 36.54% | |
31 Underperform | $68.51M | ― | 17.45% | ― | ― | -58.40% |
* Technology Sector Average
Performance Comparison
NA
Nano Labs Ltd. Sponsored ADR Class A
4.30
0.00
0.00%
ASYS
Amtech Systems
3.58
-1.17
-24.63%
AXTI
AXT
1.19
-1.58
-57.04%
GSIT
GSI Technology
2.61
-0.81
-23.68%
INTT
inTEST
6.00
-5.09
-45.90%
GCTS
GCT Semiconductor Holding
1.45
-2.45
-62.82%
Nano Labs Ltd. Sponsored ADR Class A Earnings Call Summary
Earnings Call Date: Sep 18, 2024 | % Change Since: -10.04% | Next Earnings Date: Mar 25, 2025
Earnings Call Sentiment Neutral
Nano Labs has achieved significant improvements in gross profit and reduction in net loss, along with a strategic shift towards Bitcoin investment and launching advanced technology like the Cuckoo 3.0 chip. However, they faced challenges including a decline in net revenue, increased administrative expenses, and reduced cash reserves.Highlights
Introduction of Bitcoin as Primary Reserve Asset
Nano Labs has officially established Bitcoin value investment as a new business sector and designated Bitcoin as their primary reserve asset. The company holds about 400 BTC with a total purchase price of around $40 million.
Launch of Cuckoo 3.0
In December 2024, Nano Labs launched an upgraded complete machine equipped with a Cuckoo 3.0 iteration chip, delivering enhanced performance and providing key competitive advantages.
Gross Profit Improvement
The company recorded a gross profit of RMB11.57 million ($1.61 million) for the second half of 2024 compared to a gross loss of RMB40.55 million in the same period of 2023.
Decrease in Operating Expenses
Total operating expenses for the second half of fiscal year 2024 decreased by 38.7% to RMB51.39 million ($7.15 million), down from RMB83.84 million in the same period of 2023.
Reduced Net Loss
Net loss was RMB60.39 million ($8.4 million) for the second half of 2024 compared to a net loss of RMB120 million in the same period of 2023.
Lowlights
Decline in Net Revenue
Net revenue was RMB15.86 million ($2.21 million) in the second half of 2024 compared to RMB26.07 million in the same period last year, primarily due to the decrease in sales volume of iPollo V Series product.
Increase in General and Administrative Expenses
General and administrative expenses increased by 30.5% to RMB25.38 million ($3.83 million) for the second half of 2024 from RMB22.38 million for the same period of 2023, primarily due to the increase in depreciation expenses.
Decrease in Cash and Cash Equivalents
As of December 31, 2024, the company had cash and cash equivalents of RMB32.43 million ($4.51 million) compared with RMB48.16 million as of December 31, 2023.
Company Guidance
During the second half of 2024, Nano Labs focused on strategic business expansions and financial optimizations to navigate market challenges. The company reported a net revenue of RMB15.86 million ($2.21 million), a decrease from RMB26.07 million in the same period last year, primarily due to reduced sales of the iPollo V Series product. However, they achieved a gross profit of RMB11.57 million ($1.61 million), reversing a gross loss of RMB40.55 million from the previous year. Operating expenses decreased by 38.7% to RMB51.39 million ($7.15 million), with significant reductions in research and development expenses by 61.9% and selling and marketing expenses by 17.7%. Despite a net loss of RMB60.39 million ($8.4 million), the company improved from a RMB120 million loss in the previous year. Cash and cash equivalents stood at RMB32.43 million ($4.51 million) as of December 31, 2024. The company emphasized its strategic investment in Bitcoin as a primary reserve asset, holding about 400 BTC valued at approximately $40 million, and outlined future plans to capitalize on AI and Web3.0 integration to drive growth.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.