ITOC - iTonic Holdings Ltd. Stock Analysis | Stock Taper
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iTonic Holdings Ltd.

ITOC

iTonic Holdings Ltd. NASDAQ
$0.34 -6.94% (-0.03)

Market Cap $3.30 M
52w High $32.00
52w Low $0.32
P/E -1.97
Volume 16.46K
Outstanding Shares 9.38M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $67.51K $2.13M $-2.04M -3.02K% $-0.14 $-2.03M
Q4-2024 $237.71K $655.53K $-375.46K -157.95% $-0.03 $-335.13K
Q2-2024 $210.49K $495.89K $-285.13K -135.46% $-0.02 $-303.63K
Q4-2023 $361.8K $484.08K $-157.62K -43.56% $-0.01 $-144.83K
Q2-2023 $266.79K $293.43K $-83.6K -31.34% $-0.01 $-52.54K

What's going well?

Gross margin remains high, and there are no unusual charges distorting results. Other income provided a small boost this quarter.

What's concerning?

Revenue plunged 72%, expenses soared, and net losses increased more than fivefold. The company is burning cash fast and efficiency is getting worse.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $3.21M $5.11M $382.6K $4.73M
Q4-2024 $6.16M $6.72M $538.55K $6.18M
Q2-2024 $27.21K $1.36M $1.35M $16.17K
Q4-2023 $227.45K $1.62M $1.32M $306.27K
Q2-2023 $33.49K $1.45M $994.56K $454.45K

What's financially strong about this company?

ITOC has very low debt, a huge liquidity buffer, and almost all assets are high quality and tangible. They can easily cover all bills and have no hidden risks.

What are the financial risks or weaknesses?

Cash and equity dropped sharply, suggesting big spending or losses. Retained earnings are deeply negative, showing a history of losses, and the company is burning through cash.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-2.04M $-2.84M $-1.4M $-111K $-4.35M $-2.84M
Q4-2023 $-157.62K $-32.74K $0 $227.31K $193.96K $-32.74K
Q2-2023 $-83.6K $-30.89K $0 $-6.72K $-38.79K $-30.89K
Q4-2022 $12.39K $43.98K $0 $16.32K $72.29K $43.98K
Q2-2022 $71.59K $-160.13K $0 $61.81K $0 $-160.13K

What's strong about this company's cash flow?

Inventory and receivables were managed better this quarter, freeing up a bit of cash. The company is not taking on new debt or diluting shareholders.

What are the cash flow concerns?

Operating cash burn exploded to $2.8 million, and free cash flow is deeply negative. Cash reserves are nearly depleted, with no outside funding coming in.

5-Year Trend Analysis

A comprehensive look at iTonic Holdings Ltd.'s financial evolution and strategic trajectory over the past five years.

+ Strengths

Key positives include very strong gross margins, a now‑robust cash and liquidity position after the recent capital raise, low financial leverage, and a focused innovation agenda spanning both hospital‑based oncology software and AI‑driven home health. The balance sheet currently provides runway to pursue growth, and the company owns proprietary technologies that, in combination, could create a differentiated care model across settings.

! Risks

The main concerns are sustained revenue declines, rapidly rising operating costs, large and growing net losses, and deeply negative operating and free cash flow. Retained earnings have turned sharply negative, signaling cumulative losses, and the business is presently dependent on external equity financing. Strategically, the company operates in crowded and regulated markets where customer adoption is slow and competitors are well resourced, leaving limited room for missteps.

Outlook

The outlook is that of a high‑risk, early‑stage transformation story: financially, the company has bought itself time with a much stronger balance sheet, but its income statement and cash flows highlight the need for a clear path to scale and cost discipline. Future performance will hinge on whether the dual strategy—oncology planning plus home health AI—can translate into sustained revenue growth and improved margins before the current cash cushion is eroded. Investors and stakeholders may want to watch closely for evidence of commercial traction, operating leverage, and continued access to funding as key signals of how this transition is progressing.