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INEO

INNEOVA Holdings Ltd

INEO

INNEOVA Holdings Ltd • NASDAQ
$0.70 ▲ 0.71% (+0.01)
Market Cap $6.96 M
52w High $3.40
52w Low $0.47
Dividend Yield 0%
P/E -7.83
Volume 788
Outstanding Shares 9.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $30.433M ▲ $6.143M ▲ $-1.668M ▼ -5.481% ▼ $-0.185 ▼ $93K ▼
Q2-2024 $27.9M ▼ $3.998M ▼ $1.676M ▲ 6.007% ▲ $0.186 ▲ $1.849M ▲
Q4-2023 $28.487M ▼ $4.428M ▲ $264K ▼ 0.927% ▼ $0.031 ▼ $929K ▼
Q2-2023 $31.034M ▲ $3.954M ▼ $1.351M ▲ 4.353% ▲ $0.15 ▲ $1.728M ▲
Q4-2022 $27.597M $3.993M $588K 2.131% $0.068 $1.213M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $1.746M ▼ $39.592M ▼ $30.717M ▼ $8.875M ▲
Q2-2024 $3.681M ▼ $39.61M ▲ $36.651M ▲ $2.723M ▼
Q4-2023 $3.729M ▼ $39.056M ▼ $36.005M ▼ $2.891M ▲
Q2-2023 $4.35M ▲ $40.653M ▲ $38.006M ▼ $2.505M ▲
Q4-2022 $919K $40.333M $38.982M $1.274M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-1.668M ▼ $1.505M ▲ $171K ▲ $-708K ▼ $1.057M ▲ $1.676M ▲
Q2-2024 $1.676M ▲ $1.162M ▼ $-945K ▼ $140K ▲ $0 ▲ $216.998K ▼
Q4-2023 $264K ▼ $1.391M ▲ $-317K ▼ $-1.555M ▼ $-1.324M ▼ $1.074M ▲
Q2-2023 $1.351M ▲ $223K ▲ $-138K ▼ $8K ▼ $0 ▲ $84.998K ▲
Q4-2022 $588K $-1.04M $-136K $479K $-1.89M $-1.176M

Five-Year Company Overview

Income Statement

Income Statement INEO’s income statement shows a very small, slow-growing business with thin margins. Revenue has edged up over the past few years, but gross profit has stayed modest, suggesting limited pricing power or a competitive, price-sensitive market. Operating and net income sit around break-even, which means the company has not been consistently converting sales into meaningful profit. The pattern suggests a stable but low-profit distribution model rather than a high-growth or highly profitable operation.

Balance Sheet

Balance Sheet The balance sheet is light, with a small asset base and very limited equity, which indicates a relatively thin financial cushion. Debt is present and steady, while reported cash is effectively negligible, raising questions about liquidity and financial flexibility. The structure points to a lean, possibly tightly managed balance sheet, but also one that may be more vulnerable to shocks or downturns. Overall, financial strength looks modest, and the company likely relies on careful working capital management to operate smoothly.

Cash Flow

Cash Flow Reported cash flow from operations and free cash flow are essentially flat and near zero, suggesting that the business is not yet generating strong surplus cash. This may reflect a combination of slim profitability and low investment outlays. On the positive side, the company does not appear to be burning large amounts of cash, but it also does not show a clear cash-generating engine. Future visibility would depend heavily on whether margins can improve or volumes can scale without requiring heavy new investment.

Competitive Edge

Competitive Edge INEO operates as a traditional distributor in a very competitive and fragmented auto and industrial parts market. Its main advantages seem to be long-standing supplier relationships, a wide product range, and established distribution channels in Singapore and parts of the Middle East. These factors can help retain customers and create some switching costs, but they do not represent a strong, unique moat against larger global distributors or aggressive local players. The business is likely sensitive to competition on price, service levels, and availability rather than protected by proprietary technology or exclusive products.

Innovation and R&D

Innovation and R&D The company does not appear to be innovation-led and does not rely on proprietary technology or heavy research and development. Its “innovation” is more about operational efficiency, product breadth, and possibly better logistics or digital ordering systems—tools that many distributors also use. Future improvements are more likely to come from expanding into new regions, adding new brands or product lines, or improving digital sales channels rather than from breakthrough technologies. This positions INEO as a traditional, execution-focused distributor rather than a tech-driven disruptor.

Summary

INEO looks like a small, traditional auto and industrial parts distributor with modest, slowly growing revenue and very thin profitability. The balance sheet and cash flow profile suggest a lean operation with limited buffers, making disciplined execution and working capital management critical. Its strengths lie in relationships, product breadth, and regional distribution networks rather than in unique technology or deep intellectual property. Future performance will likely depend on how well it can grow volumes, defend margins in a competitive market, and carefully manage its limited financial resources, rather than on transformative innovation.

NEWS

November 18, 2025 · 7:00 AM UTC

INNEOVA Holdings' CEO Issues Letter to Shareholders

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October 28, 2025 · 11:27 PM UTC

INEO Announces Fiscal Fourth Quarter and Annual 2025 Financial Results

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October 23, 2025 · 7:00 AM UTC

INNEOVA Holdings Awarded a Multi-Million Dollar Contract from PSA Singapore

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October 14, 2025 · 9:00 AM UTC

INNEOVA Advances Hydrogen Pathfinder Pilot Through Strategic Cooperation Agreement

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October 10, 2025 · 8:45 AM UTC

INNEOVA Advances Hydrogen Strategy

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