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SAIHW

SAIHEAT Limited

SAIHW

SAIHEAT Limited • NASDAQ
$0.10 ▼ -14.58% (-0.02)
Market Cap $59.75 M
52w High $0.17
52w Low $0.10
Dividend Yield 0%
P/E 0
Volume 500
Outstanding Shares 582.88M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $1.058M ▼ $18.534M ▲ $4.168M ▲ $14.366M ▼
Q2-2024 $1.896M ▼ $17.584M ▼ $1.993M ▲ $15.591M ▼
Q4-2023 $3.257M ▼ $18.075M ▼ $1.256M ▼ $16.819M ▼
Q2-2023 $12.173M ▲ $20.687M ▼ $2.4M ▲ $18.287M ▼
Q4-2022 $11.227M $21.1M $786K $20.314M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement SAIHEAT looks like a very early-stage, pre‑revenue type business. Reported sales are tiny and have not yet covered even basic operating costs, so the company has been running at a loss every year shown. Losses used to be quite steep relative to its small size and have recently narrowed a bit, but they are still meaningful given how little revenue is coming in. In practical terms, this is still a development and build‑out story, not yet a commercial scale operating business.

Balance Sheet

Balance Sheet The balance sheet is very light, with a small pool of assets and equity and essentially no debt. That means the company is not weighed down by borrowings, but it also suggests a limited financial cushion to absorb setbacks or to fund large projects on its own. Cash levels have moved around at a low base, so the business likely depends on raising outside capital or forming partnerships to execute its long‑term plans. Overall, financial flexibility appears modest and sensitive to funding conditions.

Cash Flow

Cash Flow Cash flow from operations has generally been negative, which is what you would expect from a company still building out technology and markets rather than generating steady income. Free cash flow has also been negative, reflecting ongoing spending to develop and position its solutions, with only small amounts directed to capital investments so far. This pattern underlines that SAIHEAT is in an investment phase and likely needs continuing access to external funding until its solutions scale up commercially.

Competitive Edge

Competitive Edge On the strategic side, SAIHEAT is trying to build an integrated position at the intersection of high‑performance computing, data centers, and clean energy. Its combination of liquid cooling, waste‑heat recovery, and small modular reactor concepts is unusual and could be attractive to customers who care about both cost and sustainability. Patents, IAEA vendor recognition for SMRs, and collaborations with industrial partners provide some early credibility and potential barriers to entry. At the same time, it faces tough competitors in each individual niche—cooling, heat recovery, and nuclear—and must prove that its integrated model can win real projects and scale beyond pilots.

Innovation and R&D

Innovation and R&D The company is clearly innovation‑heavy: advanced liquid cooling, patented heat‑recovery systems, and ambitious SMR designs all show a strong R&D focus. The split between HEATWIT (cooling and heat reuse) and HEATNUC (nuclear and space‑based energy concepts) gives it a structured way to pursue very different, cutting‑edge ideas. Initiatives like the BASE PLAN 2029, OpenSMR, and even the space‑based OrbitBTC concept highlight a willingness to think long term and push beyond conventional solutions. The flip side is high technical, regulatory, and execution risk—many of these ideas are multi‑year, capital‑intensive bets that may take a long time to translate into stable revenue, if they do at all.

Summary

Overall, SAIHEAT today looks much more like a technology platform in development than a mature operating company. Financially, it is tiny, loss‑making, and dependent on external funding, with a lean balance sheet and negative cash flows typical of an early‑stage innovator. Strategically, it is aiming at big, growing themes—AI data centers, Bitcoin mining, and clean energy—using a differentiated mix of cooling, heat reuse, and SMR technology backed by patents and partnerships. The opportunity is tied to successful execution of these ambitious plans and winning real‑world deployments; the key risks are its limited financial resources, strong competition in each segment, long regulatory timelines for nuclear, and the uncertainty of turning bold concepts into repeatable, profitable business.