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Smart Logistics Global Limited Ordinary Shares

SLGB

Smart Logistics Global Limited Ordinary Shares NASDAQ
$1.23 -5.39% (-0.07)

Market Cap $53.30 M
52w High $6.08
52w Low $0.92
P/E 24.60
Volume 78.35K
Outstanding Shares 41.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2021 $5.4M $37.19M $-38.85M -719.33% $-1.49 $-38.71M
Q2-2021 $2.54M $3.28M $-3.44M -135.38% $-0.13 $-3.45M
Q1-2021 $3.5M $2.64M $-15.93M -455.64% $-0.61 $-16.98M
Q4-2020 $4.12M $1.87M $-1.29M -31.31% $-0.05 $-1.29M
Q3-2020 $2.62M $1.24M $-2.52K -0.1% $-0 $139.64K

What's going well?

Sales more than doubled in one quarter, and gross margins improved. The company is showing it can grow revenue quickly.

What's concerning?

Operating expenses soared far faster than sales, causing losses to explode. The company is burning cash at an unsustainable rate, and overhead is extremely high for its size.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2021 $1.75M $16.73M $24.91M $-8.18M
Q2-2021 $1.01M $11.52M $22.84M $-11.32M
Q1-2021 $928.8K $5.7M $24.15M $-18.45M
Q4-2020 $330.44K $4.54M $11.19M $-6.65M
Q3-2020 $652.87K $3.19M $9.59M $-6.4M

What's financially strong about this company?

Cash balance improved this quarter and negative equity shrank a bit. The company has some liquid assets and is not weighed down by property or lease obligations.

What are the financial risks or weaknesses?

SLGB owes more than it owns, has negative equity, and can't cover its short-term bills with available assets. Debt and inventory are both rising fast, and deferred revenue (customer prepayments) has collapsed.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2021 $-38.83M $-5.89M $-1.1M $7.71M $734.35K $-5.89M
Q2-2021 $-3.44M $-104.68K $-300K $500K $84.51K $-104.68K
Q1-2021 $-15.93M $-2.97M $-28.58K $-1.62M $598.36K $-2.97M
Q4-2020 $-1.29M $-3.14K $-30 $3.42K $-322.43 $-3.14K
Q3-2020 $-2.52K $51.41K $0 $0 $548.9K $51.41K

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

Most of the reported losses are non-cash, so actual cash burn is less than the headline net loss. The company was able to raise outside funding to keep going.

What are the cash flow concerns?

Cash burn jumped sharply this quarter, and the company is highly dependent on external funding. Stock-based compensation is extremely high, diluting shareholders, and the cash balance is low.

5-Year Trend Analysis

A comprehensive look at Smart Logistics Global Limited Ordinary Shares's financial evolution and strategic trajectory over the past five years.

+ Strengths

SLGB combines strong top‑line growth with a clear technology‑driven strategy in a very large addressable market. It has demonstrated the ability to scale revenue rapidly and, more recently, to generate profit over at least one reporting period. The company’s proprietary systems, logistics park, freight platform, and intellectual‑property portfolio provide differentiation in a sector that is usually commoditized. Its focus on industrial raw‑material transport for large institutional clients creates an opportunity for long‑term relationships that can benefit from integrated, data‑driven logistics solutions.

! Risks

The financial track record shows years of heavy losses, deteriorating margins, negative free cash flow, and a balance sheet that, at the last detailed historical point, had negative equity and strained liquidity. Rising debt and dependence on external funding amplify execution risk. Operationally, SLGB competes in a low‑margin, cyclical, and highly competitive market, facing pressure from both traditional carriers and well‑funded digital platforms. Regulatory, macroeconomic, and sector‑specific shocks in China could also affect volumes, pricing, and platform adoption. The central uncertainty is whether the recent improvement in profitability is sustainable and strong enough to repair the balance sheet and support the ambitious innovation and expansion agenda.

Outlook

The outlook for SLGB is a mix of promise and vulnerability. On the positive side, the business is tapping into long‑term trends toward digitalization of logistics, smarter supply chains, and potential green transport solutions, and it is beginning to show signs that its model can be profitable. On the negative side, its historical financial profile leaves little room for prolonged missteps, and the competitive landscape is unforgiving. Future performance will hinge on sustaining profitable growth, improving cash generation, and rebuilding balance‑sheet strength, all while continuing to invest in technology and network expansion. The trajectory appears to be improving operationally, but the financial foundation still needs significant strengthening for the strategy to fully play out.