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PMEC

Primech Holdings Ltd. Ordinary Shares

PMEC

Primech Holdings Ltd. Ordinary Shares • NASDAQ
$1.04 ▲ 1.46% (+0.01)
Market Cap $39.95 M
52w High $2.44
52w Low $0.54
Dividend Yield 0%
P/E -20.8
Volume 12.51K
Outstanding Shares 38.42M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $36.947M ▼ $9.385M ▼ $-1.187M ▲ -3.213% ▲ $-0.032 ▲ $-924K ▲
Q4-2024 $37.363M ▲ $10.098M ▲ $-3.463M ▼ -9.268% ▼ $-0.1 ▼ $-2.832M ▼
Q2-2024 $35.161M ▼ $5.361M ▼ $223.818K ▲ 0.637% ▲ $0.007 ▲ $427.184K ▼
Q4-2023 $36.328M ▲ $5.804M ▲ $-697.291K ▲ -1.919% ▲ $-0.021 ▲ $1.669M ▲
Q2-2023 $32.697M $4.245M $-1.835M -5.611% $-0.056 $152.793K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $10.145M ▲ $41.2M ▼ $26.521M ▼ $14.889M ▼
Q2-2025 $9.183M ▲ $44.428M ▼ $28.429M ▼ $16.089M ▲
Q4-2024 $7.648M ▼ $45.509M ▲ $30.45M ▼ $14.991M ▲
Q2-2024 $8.685M ▼ $39.281M ▼ $30.502M ▼ $8.72M ▼
Q4-2023 $9.072M $42.823M $33.99M $8.781M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2023 $-697.291K ▲ $2.733M ▲ $-75.25K ▲ $1.857M ▼ $4.843M ▲ $2.245M ▲
Q2-2023 $-1.835M ▼ $-5.916M ▼ $-1.057M ▼ $6.153M ▲ $-915K ▼ $-7.433M ▼
Q4-2022 $-1.644M ▼ $3.441M ▲ $-252.618K ▲ $-1.327M ▲ $867.968K ▲ $3.308M ▲
Q2-2022 $405.312K ▼ $1.612M ▲ $-2.297M ▼ $-2.302M ▼ $-2.541M ▼ $-823.186K ▲
Q4-2021 $517.821K $-1.111M $-838.1K $1.198M $-750.766K $-1.013M

Five-Year Company Overview

Income Statement

Income Statement Primech looks like a very small, early‑stage company with modest revenue that has grown only gradually and then leveled off. Profitability is thin: gross profit exists, but after operating costs the business has hovered around break‑even, with small losses in recent years after being profitable earlier. The latest year suggests losses are narrowing, but the business is not yet clearly scaled or consistently profitable. Overall, this is a company still in the transition phase from development to sustainable earnings, with limited margin cushion if things go wrong.

Balance Sheet

Balance Sheet The balance sheet is lean and quite compact. Total assets and equity are small, and cash levels appear steady but not abundant. Debt has increased from earlier years and now sits at a meaningful level relative to the company’s size, which reduces financial flexibility. There is no sign of a large asset base or excess liquidity, so the company likely needs to manage growth and investment carefully to avoid stretching its finances.

Cash Flow

Cash Flow Cash generation is patchy. Some years show positive operating cash flow, others show outflows, and free cash flow has oscillated between slightly positive and slightly negative. Capital spending is minimal, which fits an asset‑light, services‑plus‑technology model but also means less visible long‑term investment in physical capacity. The pattern suggests a business that can occasionally fund itself from operations but does not yet have a strong, reliable cash engine and may need access to external funding to support bigger expansion plans.

Competitive Edge

Competitive Edge Primech operates in a very traditional, price‑sensitive industry but is trying to stand out by embedding technology—especially AI, robotics, and smart management systems—into cleaning and facility services. This gives it a differentiated story versus conventional service providers, particularly through products like the HYTRON autonomous cleaning robot and cloud‑based workforce tools. Early traction, industry attention, and integrated service offerings create some competitive edge and customer stickiness. At the same time, the company is still small, competing against larger, well‑capitalized players, so its long‑term position will depend on how well it scales, protects its technology, and converts interest into long‑term contracts across multiple markets.

Innovation and R&D

Innovation and R&D Innovation is clearly a core focus. Primech is investing in AI‑driven robots, data‑enabled facility management, sustainable cleaning methods, and its own green‑label products. HYTRON is a good example of a targeted, real‑world solution to hygiene and labor challenges, backed by in‑house R&D and external technology partnerships. The company is also exploring energy‑efficiency solutions and international expansion through partners and manufacturing in lower‑cost regions. The opportunity is to turn this pipeline into scalable products and recurring service revenues; the risk is execution—bringing hardware, software, and services together profitably while maintaining a high pace of innovation on a small financial base.

Summary

Primech looks like a niche, technology‑driven facilities company that is still early in its commercial journey. Financially, it is small, only modestly growing, and operating close to break‑even with limited balance‑sheet strength and uneven cash flows. Strategically, it aims to disrupt a mature, labor‑heavy industry with AI, robotics, and sustainability, and it already has some distinctive offerings and early market validation. The big questions going forward are whether it can scale production, secure and retain large clients, manage its debt and cash carefully, and maintain its innovation advantage against much larger competitors—all while turning a promising technology story into durable, profitable operations.

NEWS

November 25, 2025 · 8:30 AM UTC

Primech AI, a Subsidiary of Primech Holdings, Expands Manufacturing Footprint with New Production Partnership in Thailand

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November 20, 2025 · 8:30 AM UTC

Primech AI's HYTRON Cleaning Robot Receives NEA Approval Under Environmental Services Productivity Solutions Grant

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November 18, 2025 · 8:30 AM UTC

Primech Holdings' HYTRON Set to Showcase at Building Maintenance & Clean Expo 2025 Tokyo Following Strong Global Momentum

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October 22, 2025 · 9:00 AM UTC

Primech AI Showcases HYTRON at Aramark Facilities Innovation Forum, Accelerating U.S. Expansion

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October 16, 2025 · 8:30 AM UTC

Primech Holdings Signs Strategic MOU with GAIB to Unlock First-of-its-kind ARaaS Revenue Models Through Tokenization

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