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HTCO

High-Trend International Group

HTCO

High-Trend International Group • NASDAQ
$12.19 ▼ -2.40% (-0.30)
Market Cap $69.49 M
52w High $112.50
52w Low $4.55
Dividend Yield 0%
P/E -0.94
Volume 1.56K
Outstanding Shares 5.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2022 $185.35M ▲ $2.879M ▲ $12.609M ▲ 6.803% ▲ $3.627 ▲ $24.128M ▲
Q4-2022 $0 $185.16K ▼ $-12.48K ▲ 0% $-0.021 ▲ $40.132K ▲
Q3-2022 $0 $261.129K ▲ $-184.16K ▲ 0% $-0.307 ▲ $-184.159K ▲
Q2-2022 $0 $193.626K ▲ $-188.104K ▼ 0% $-0.314 ▼ $-188.105K ▼
Q1-2022 $0 $183.132K $-181.913K 0% $-0.304 $-181.913K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $13.249M ▲ $41.683M ▲ $16.233M ▼ $21.18M ▲
Q4-2024 $6.863M ▲ $29.207M ▲ $20.471M ▲ $5.363M ▲
Q2-2024 $3.367M ▲ $13.443M ▲ $20.118M ▲ $-5.345M ▲
Q4-2023 $2.22M ▼ $8.431M ▼ $15.696M ▲ $-5.407M ▼
Q2-2023 $9.605M $13.717M $12.255M $-394.006K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2022 $-24.96K ▼ $-373.478K ▼ $-1.137M ▼ $1.45M ▲ $-30.057K $-373.48K ▼
Q4-2022 $-12.48K ▲ $-186.739K ▲ $-568.317K ▼ $725K ▲ $-30.057K ▲ $-186.74K ▲
Q3-2022 $-184.16K ▼ $-187.623K ▲ $7.136K ▲ $150K ▼ $-30.487K ▼ $-187.62K ▲
Q4-2021 $-36.009K ▼ $-263.08K ▼ $-58.075M ▼ $58.525M ▲ $187.181K ▲ $-263.08K ▼
Q3-2021 $-115 $285 $0 $103.048K $103.333K $280

Five-Year Company Overview

Income Statement

Income Statement High‑Trend is still a very small, early‑stage business where revenue does not yet comfortably cover its costs. Sales have been modest and somewhat uneven since listing, and profitability has swung between small profits and small losses as the company pivots its strategy. The latest period shows a loss again, suggesting the new green‑shipping model is still in build‑out mode rather than in a stable, mature earning phase. Margins are thin, and results can change quickly from year to year because the base is so small.

Balance Sheet

Balance Sheet The balance sheet is light and delicate. The company runs with a small pool of assets and only a modest cash cushion, alongside a similar scale of debt. Equity has moved from negative back to slightly positive, but the capital base remains thin, meaning there is limited room to absorb shocks or long stretches of losses. The reverse stock split after listing is a sign the company has had to manage its market profile carefully, rather than reflecting a surge in underlying financial strength.

Cash Flow

Cash Flow Cash generation is not yet a clear strength. Operating cash flow has bounced around breakeven, with some periods of cash burn and others of modest inflow. There is little visible spending on heavy equipment, which fits a model that relies more on partnerships and technology than on large owned fleets or plants. However, this also means growth and ongoing development are likely to depend on access to outside financing. Announced funding plans highlight that the business is still reliant on capital markets while it works toward more stable, self‑funded cash flow.

Competitive Edge

Competitive Edge High‑Trend is trying to carve out a niche in green shipping rather than compete head‑on with large, traditional marine operators. Its focus on onboard carbon capture and a connected digital platform gives it a differentiated angle in a fast‑emerging part of the industry. The partnership with a major Chinese shipbuilding affiliate adds technical credibility and helps it punch above its size. At the same time, the company is tiny compared with global shipping and industrial technology players, so it faces execution risk and the possibility that much larger competitors could move into the same niche once the market proves attractive.

Innovation and R&D

Innovation and R&D The core of the strategy is innovation: adapting proven land‑based carbon capture technology for ships and combining it with a data‑rich platform for measuring emissions and creating tradable carbon assets. The technology has already been trialed at sea, which reduces technical uncertainty, and the planned use of AI, sensors, and blockchain aims to make the system both smart and trusted. However, the platform is still being built out, and much depends on how quickly shipowners adopt it, how well it integrates with carbon markets, and whether the company can build its own intellectual property rather than relying mainly on partners.

Summary

High‑Trend is in the middle of a major strategic shift, moving from traditional shipping toward a specialized role in decarbonizing the marine industry. Financially, it remains very small, with thin margins, a fragile balance sheet, and cash flows that are not yet consistently positive, leaving it sensitive to delays or setbacks. Strategically, it operates in a promising, regulation‑driven niche with a differentiated, end‑to‑end solution and a strong technical partner, but it must prove it can scale deployments, launch and commercialize its digital platform, and secure ongoing funding. Overall, this is an early‑stage transformation story with meaningful upside potential if execution goes well, balanced by notable financial and operational risk if adoption is slower than planned.

NEWS

November 7, 2025 · 5:30 PM UTC

HTCO Announces Initial Closing of $3 Million Strategic Financing to Accelerate Digital Transformation

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November 7, 2025 · 4:30 PM UTC

HTCO Announces Initial Closing of $3 Million Strategic Financing to Accelerate Digital Transformation

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October 30, 2025 · 10:30 AM UTC

U.S.-China Suspension of Section 301 Tariffs Provides Direct Policy Boost to Operations and Shareholder Value for High-Trend International Group

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October 23, 2025 · 9:00 AM UTC

High-Trend International Group Announces Operational Adjustments in Response to U.S.- China Port Fee Policy

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