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CAPTW

Captivision Inc. Warrant

CAPTW

Captivision Inc. Warrant • NASDAQ
$0.02 ▲ 13.50% (+0.00)
Market Cap $536732
52w High $0.02
52w Low $0.02
Dividend Yield 0%
P/E 0
Volume 41.04K
Outstanding Shares 29.01M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2024 $667.288K ▲ $26.326M ▲ $80.617M ▲ $-51.467M ▼
Q4-2023 $476.715K ▲ $21.517M ▼ $67.895M ▲ $-44.003M ▼
Q2-2023 $73.625K ▼ $45.586M ▲ $38.558M ▲ $7.599M ▲
Q4-2022 $196.627K $36.624M $33.908M $2.777M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement Captivision looks very early-stage from an income perspective. Revenue is tiny and has not yet scaled in a meaningful way, while operating expenses and overhead are far higher than the income coming in. The company is consistently loss-making, and the most recent year shows a noticeably larger loss than before. That pattern suggests the business is still in investment and build-out mode rather than in a mature, profitable phase.

Balance Sheet

Balance Sheet The balance sheet is thin and financially stretched. Total assets are small, there is no reported cash cushion, and debt makes up a significant share of the capital structure. Shareholder equity is negative, which means obligations exceed the book value of assets. This points to a fragile financial position and a reliance on lenders or new capital to keep funding operations.

Cash Flow

Cash Flow Cash flow from operations has been modestly negative for several years, indicating a steady, if relatively small, cash burn. Capital spending appears minimal, so the cash outflow is mainly driven by operating costs rather than big investment projects. With no cash shown on the balance sheet, the company likely depends on external financing or support to bridge these ongoing outflows. The overall picture is one of constrained financial flexibility and limited self-funding capacity.

Competitive Edge

Competitive Edge On the strategic side, Captivision has a distinctive product story that contrasts with its weak financials. Its G-Glass technology is differentiated, protected by patents, and positioned in a niche where few direct substitutes offer the same blend of transparency and digital display. A track record of installations and partnerships in sports, entertainment, and commercial real estate adds credibility and some first-mover advantage. The main competitive risk is execution: large display and building-materials players could respond, and Captivision must prove it can win repeat, scalable projects, not just showcase installations.

Innovation and R&D

Innovation and R&D Innovation is clearly the core strength of this business. G-Glass combines building materials with digital media in a way that opens new use cases and potential revenue models for property owners. The company appears committed to ongoing development around better visual performance, energy efficiency, and interactive features, while shifting to an asset-light approach that leans on partners for production and deployment. The key uncertainty is whether this R&D and product creativity can be converted into a robust, profitable commercial engine before financial constraints bite.

Summary

Captivision, whose warrant trades as CAPTW, is an innovative but financially fragile company. Its technology and patents give it a distinctive position in a promising niche at the intersection of architecture, media, and advertising. However, revenue remains very small, losses are persistent, and the balance sheet is thin with negative equity and no evident cash buffer. Future outcomes will depend heavily on management’s ability to scale sales, deepen partnerships in high-visibility venues, and execute its shift to an asset-light model while keeping funding in place. For the warrant specifically, its eventual value will be highly sensitive to whether the underlying company can strengthen its finances and turn its technological edge into sustainable, profitable growth.