GMEX
GMEX
GMEX ROBOTICS CORPORATION Class AIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2024 | $1.62M ▼ | $450.01K ▼ | $632.68K ▲ | 39.06% ▲ | $3.85 ▲ | $-189.87K ▲ |
| Q2-2024 | $1.75M ▼ | $968.13K ▼ | $-1.11M ▲ | -63.47% ▲ | $-7.06 ▲ | $-679.85K ▲ |
| Q4-2023 | $2.34M ▲ | $5.62M ▲ | $-6.65M ▼ | -283.76% ▼ | $-52.53 ▼ | $-5.41M ▼ |
| Q2-2023 | $2.12M ▲ | $2.72M ▲ | $-2.66M ▼ | -125.37% ▼ | $-30.64 ▼ | $-2.29M ▼ |
| Q4-2022 | $1.75M | $1.05M | $-1.53M | -87.91% | $-17.66 | $-982.89K |
What's going well?
The company made a big swing to profit this quarter, mainly thanks to a large gain outside its main business. Overhead and interest costs were cut sharply, showing better cost control.
What's concerning?
Revenue is falling and gross margins are getting squeezed, meaning the main business is struggling. The profit is not from normal operations, so the turnaround may not last.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2024 | $1.89M ▲ | $7.47M ▲ | $1.45M ▼ | $6.02M ▲ |
| Q2-2024 | $579.05K ▼ | $6.14M ▼ | $1.56M ▼ | $4.58M ▼ |
| Q4-2023 | $1.06M ▼ | $11.48M ▼ | $2.47M ▼ | $9.01M ▼ |
| Q2-2023 | $4.33M ▲ | $12.47M ▲ | $2.5M ▼ | $9.96M ▲ |
| Q4-2022 | $731.1K | $9.04M | $2.62M | $6.42M |
What's financially strong about this company?
GMEX has more than enough cash to cover all debts, a huge equity cushion, and current assets far exceed current liabilities. Debt is minimal and falling, and the company is not exposed to big hidden risks.
What are the financial risks or weaknesses?
Retained earnings are deeply negative, showing a history of losses. The huge jump in receivables could signal collection risk or accounting changes. Payables are rising, so they may be stretching payments to suppliers.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2024 | $632.68K ▲ | $-153K ▲ | $111.42K ▲ | $1.45M ▲ | $1.44M ▲ | $-153.01K ▲ |
| Q2-2024 | $-1.11M ▲ | $-491.77K ▲ | $0 | $314.92K ▼ | $-479.69K ▲ | $-491.77K ▼ |
| Q4-2023 | $-6.65M ▼ | $-5.14M ▲ | $0 ▲ | $1.85M ▼ | $-3.22M ▼ | $0 |
| Q2-2023 | $-2.66M ▼ | $-7.11M ▼ | $-2.5M ▼ | $13.62M ▲ | $3.93M ▲ | $0 ▲ |
| Q4-2022 | $-1.53M | $-145.63K | $0 | $-28.55K | $-173K | $-145.64K |
What's strong about this company's cash flow?
Cash burn from operations is shrinking, and the company now has a much larger cash cushion. Paying down debt shows some financial discipline.
What are the cash flow concerns?
Core business is still not generating cash, and the company is highly dependent on outside funding to survive. Working capital improvements are likely temporary.
5-Year Trend Analysis
A comprehensive look at GMEX ROBOTICS CORPORATION Class A's financial evolution and strategic trajectory over the past five years.
GMEX combines a meaningful existing revenue base with a very strong liquidity position and minimal traditional debt, giving it some breathing room to attempt a large strategic pivot. Its legacy in fitness and health provides direct‑to‑consumer capabilities and an installed customer base that could be useful channels for new AI and robotics products. The company’s vision targets high‑growth themes such as automation, personalized health, and smart living, which, if properly executed, offer room for differentiated offerings. The net cash position and robust working capital enhance its flexibility to invest in this transformation.
The most significant risks center on ongoing losses, negative cash flow from operations, and a long track record of cumulative losses reflected in the balance sheet. The pivot from low‑tech fitness retail to high‑tech robotics introduces substantial execution risk in areas like product development, engineering, manufacturing, safety, and regulatory compliance. Competition in robotics is intense, with entrenched global players and innovative startups. Continued cash burn means the company may need additional external funding, which could be costly or dilutive. Finally, much of the strategy relies on products that are not yet in market, so commercial acceptance is highly uncertain.
Looking ahead, GMEX’s outlook is highly uncertain and will likely be volatile. In the near term, the focus appears to be on stabilizing the finances, building the robotics team, and moving from concept to working prototypes while managing cash burn. Over the medium term, the company’s trajectory will depend on whether it can launch compelling robotic products, expand margins, and gradually shift from financing‑driven cash inflows to business‑driven cash generation. Success could reposition GMEX as a niche AI‑robotics player; failure to execute or differentiate could leave it with persistent losses and ongoing dependence on external capital. The balance between its solid liquidity and ambitious but unproven pivot defines the core of its forward profile.
About GMEX Robotics Corp.
https://www.GMEXRobotics.comGMEX Robotics Corp. is a holding company, which engages in the business of selling gym and fitness equipment. It also offers turnkey solutions for personal training studios and commercial gym chains. Its brands include Muscle Motion, Rapid Motion, and FleetX. The company was founded in 2007 and is headquartered in Sydney, Australia.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q4-2024 | $1.62M ▼ | $450.01K ▼ | $632.68K ▲ | 39.06% ▲ | $3.85 ▲ | $-189.87K ▲ |
| Q2-2024 | $1.75M ▼ | $968.13K ▼ | $-1.11M ▲ | -63.47% ▲ | $-7.06 ▲ | $-679.85K ▲ |
| Q4-2023 | $2.34M ▲ | $5.62M ▲ | $-6.65M ▼ | -283.76% ▼ | $-52.53 ▼ | $-5.41M ▼ |
| Q2-2023 | $2.12M ▲ | $2.72M ▲ | $-2.66M ▼ | -125.37% ▼ | $-30.64 ▼ | $-2.29M ▼ |
| Q4-2022 | $1.75M | $1.05M | $-1.53M | -87.91% | $-17.66 | $-982.89K |
What's going well?
The company made a big swing to profit this quarter, mainly thanks to a large gain outside its main business. Overhead and interest costs were cut sharply, showing better cost control.
What's concerning?
Revenue is falling and gross margins are getting squeezed, meaning the main business is struggling. The profit is not from normal operations, so the turnaround may not last.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q4-2024 | $1.89M ▲ | $7.47M ▲ | $1.45M ▼ | $6.02M ▲ |
| Q2-2024 | $579.05K ▼ | $6.14M ▼ | $1.56M ▼ | $4.58M ▼ |
| Q4-2023 | $1.06M ▼ | $11.48M ▼ | $2.47M ▼ | $9.01M ▼ |
| Q2-2023 | $4.33M ▲ | $12.47M ▲ | $2.5M ▼ | $9.96M ▲ |
| Q4-2022 | $731.1K | $9.04M | $2.62M | $6.42M |
What's financially strong about this company?
GMEX has more than enough cash to cover all debts, a huge equity cushion, and current assets far exceed current liabilities. Debt is minimal and falling, and the company is not exposed to big hidden risks.
What are the financial risks or weaknesses?
Retained earnings are deeply negative, showing a history of losses. The huge jump in receivables could signal collection risk or accounting changes. Payables are rising, so they may be stretching payments to suppliers.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q4-2024 | $632.68K ▲ | $-153K ▲ | $111.42K ▲ | $1.45M ▲ | $1.44M ▲ | $-153.01K ▲ |
| Q2-2024 | $-1.11M ▲ | $-491.77K ▲ | $0 | $314.92K ▼ | $-479.69K ▲ | $-491.77K ▼ |
| Q4-2023 | $-6.65M ▼ | $-5.14M ▲ | $0 ▲ | $1.85M ▼ | $-3.22M ▼ | $0 |
| Q2-2023 | $-2.66M ▼ | $-7.11M ▼ | $-2.5M ▼ | $13.62M ▲ | $3.93M ▲ | $0 ▲ |
| Q4-2022 | $-1.53M | $-145.63K | $0 | $-28.55K | $-173K | $-145.64K |
What's strong about this company's cash flow?
Cash burn from operations is shrinking, and the company now has a much larger cash cushion. Paying down debt shows some financial discipline.
What are the cash flow concerns?
Core business is still not generating cash, and the company is highly dependent on outside funding to survive. Working capital improvements are likely temporary.
5-Year Trend Analysis
A comprehensive look at GMEX ROBOTICS CORPORATION Class A's financial evolution and strategic trajectory over the past five years.
GMEX combines a meaningful existing revenue base with a very strong liquidity position and minimal traditional debt, giving it some breathing room to attempt a large strategic pivot. Its legacy in fitness and health provides direct‑to‑consumer capabilities and an installed customer base that could be useful channels for new AI and robotics products. The company’s vision targets high‑growth themes such as automation, personalized health, and smart living, which, if properly executed, offer room for differentiated offerings. The net cash position and robust working capital enhance its flexibility to invest in this transformation.
The most significant risks center on ongoing losses, negative cash flow from operations, and a long track record of cumulative losses reflected in the balance sheet. The pivot from low‑tech fitness retail to high‑tech robotics introduces substantial execution risk in areas like product development, engineering, manufacturing, safety, and regulatory compliance. Competition in robotics is intense, with entrenched global players and innovative startups. Continued cash burn means the company may need additional external funding, which could be costly or dilutive. Finally, much of the strategy relies on products that are not yet in market, so commercial acceptance is highly uncertain.
Looking ahead, GMEX’s outlook is highly uncertain and will likely be volatile. In the near term, the focus appears to be on stabilizing the finances, building the robotics team, and moving from concept to working prototypes while managing cash burn. Over the medium term, the company’s trajectory will depend on whether it can launch compelling robotic products, expand margins, and gradually shift from financing‑driven cash inflows to business‑driven cash generation. Success could reposition GMEX as a niche AI‑robotics player; failure to execute or differentiate could leave it with persistent losses and ongoing dependence on external capital. The balance between its solid liquidity and ambitious but unproven pivot defines the core of its forward profile.

CEO
Yinying Lu
Compensation Summary
(Year )
Ratings Snapshot
Rating : C

