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ATXG

Addentax Group Corp.

ATXG

Addentax Group Corp. • NASDAQ
$0.47 ▲ 0.13% (+0.00)
Market Cap $4.75 M
52w High $1.86
52w Low $0.36
Dividend Yield 0%
P/E -0.69
Volume 141.02K
Outstanding Shares 10.09M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $820.692K ▼ $674.995K ▲ $-831.718K ▼ -101.344% ▼ $-0.11 ▼ $-776.564K ▼
Q1-2025 $980.954K ▲ $633.266K ▼ $-392.438K ▲ -40.006% ▲ $-0.061 ▲ $599.973K ▲
Q4-2024 $929.041K ▼ $706.036K ▲ $-2.066M ▼ -222.362% ▼ $-0.34 ▼ $-1.537M ▼
Q3-2024 $1.059M ▼ $463.873K ▼ $-1.086M ▼ -102.488% ▼ $-0.19 ▼ $-934.342K ▼
Q2-2024 $1.341M $573.707K $-721.532K -53.786% $-0.13 $-635.486K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $17.956M ▼ $28.207M ▼ $2.334M ▼ $25.873M ▲
Q1-2025 $17.991M ▲ $48.984M ▼ $23.825M ▼ $25.16M ▲
Q4-2024 $17.825M ▼ $49.167M ▼ $27.436M ▲ $21.732M ▼
Q3-2024 $17.98M ▼ $49.567M ▼ $25.755M ▼ $23.812M ▼
Q2-2024 $18.311M $50.632M $25.842M $24.79M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-831.858K ▼ $-661.443K ▼ $-192.554K ▼ $810.572K ▲ $-1.459M ▼ $-700.03K ▼
Q1-2025 $-392.438K ▲ $-306.075K ▼ $-79.455K ▼ $553.822K ▲ $165.763K ▲ $-383.931K ▼
Q4-2024 $-2.066M ▼ $13.622K ▼ $-52.072K ▼ $-115.8K ▲ $-155.129K ▲ $-38.45K ▼
Q3-2024 $-1.086M ▼ $273.381K ▼ $-38.088K ▲ $-570.775K ▲ $-330.463K ▼ $235.293K ▼
Q2-2024 $-721.532K $722.183K $-88.287K $-722.027K $-93.626K $642.115K

Revenue by Products

Product Q2-2023Q3-2023Q1-2025Q2-2025
Reportable Subsegments
Reportable Subsegments
 $0 ▲$0 ▲$0 ▲$0 ▲
Garment Manufacturing Segment
Garment Manufacturing Segment
 $0 ▲$0 ▲$0 ▲$0 ▲
Property Management and Subleasing
Property Management and Subleasing
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a business with very little ongoing revenue and no meaningful profit generation in recent years. Reported sales have effectively faded to a negligible level, and gross profit, operating profit, and cash-style earnings all register near zero. The occasional sharp swings in reported earnings per share look more driven by changes in share count and reverse splits than by any real improvement or deterioration in the underlying business. Overall, the historical core operations appear stagnant and not currently producing healthy, recurring profits.

Balance Sheet

Balance Sheet The balance sheet is very small and thin, with modest assets and equity, very limited cash disclosed, and some debt still present. While equity has inched up from almost nothing, the company’s financial base remains fragile, leaving little cushion to absorb shocks or fund large initiatives internally. The proposed shift into digital assets, if it proceeds, would radically change the balance sheet profile, but at present the company looks lightly capitalized and reliant on external funding or transactions to support ambitious plans.

Cash Flow

Cash Flow Reported cash flow from operations and free cash flow are essentially flat at or near zero across the period shown. This suggests the legacy businesses are not generating meaningful surplus cash after basic needs, and there is no visible pattern of investment spending on long-term assets. From a cash perspective, the historical record points to a company without strong self-funding capacity, making any major strategic pivot heavily dependent on new capital, partners, or financial engineering rather than organic cash generation.

Competitive Edge

Competitive Edge In its traditional logistics and garment activities, the company faces tough competition in China from larger and more established players that can pressure prices and margins. The financials reflect this: shrinking revenue and no clear sign of scale advantages. In the new technology directions—AI, Web3, and crypto—the company is more of an early experimenter than a proven leader. Its position there rests on partnerships and ambitions rather than on a demonstrated market share or proprietary platform. This creates potential upside if execution is strong, but for now the competitive moat looks shallow and untested in the new areas, and under strain in the old ones.

Innovation and R&D

Innovation and R&D The innovation story is centered on a bold pivot: AI tools for gaming and logistics, blockchain-based payment and settlement systems, a tourism platform using AI and Web3, and very large proposed holdings of Bitcoin. These efforts lean heavily on collaborations with specialized partners and hired expert teams, rather than a long history of in-house R&D. Many initiatives are at a conceptual or early development stage, with limited evidence yet of commercial traction, scale, or recurring revenue. The innovation pipeline is therefore more about strategic vision and announcements today, with significant execution and regulatory risk before it can translate into stable business results.

Summary

Overall, ATXG looks like a company whose historical core businesses have stalled and whose financial base is thin, but which is attempting a dramatic reinvention around AI, Web3, and cryptocurrencies. The legacy income and cash flows are weak, and the balance sheet is small, leaving limited internal resources to fund such a large strategic shift. The new initiatives could reposition the company if they gain real customers, products, and cash flow, but they are currently in early, uncertain stages and rely on external partnerships and potentially large, volatile digital asset exposures. The key question going forward is whether the company can convert its technological and crypto ambitions into durable, operating businesses without overextending its already limited financial capacity.