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STAI

ScanTech AI Systems Inc.

STAI

ScanTech AI Systems Inc. • NASDAQ
$0.41 ▲ 4.85% (+0.02)
Market Cap $16.99 M
52w High $12.19
52w Low $0.35
Dividend Yield 0%
P/E -0.88
Volume 1.40M
Outstanding Shares 41.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $864.053K ▲ $3.283M ▼ $-21.124M ▼ -2.445K% ▼ $-0.49 ▼ $-20.483M ▼
Q1-2025 $365.471K ▼ $5.79M ▼ $-2.687M ▲ -735.335% ▲ $-0.12 ▲ $-1.956M ▲
Q4-2024 $541.644M ▲ $8.971B ▲ $-23.035B ▼ -4.253K% ▼ $-72.3 ▼ $-8.877B ▼
Q2-2024 $522.166K ▲ $2.298M ▲ $-5.707M ▲ -1.093K% ▼ $-0.29 ▲ $-2.715M ▲
Q1-2024 $0 $1.994M $-18.437M 0% $-0.94 $-15.556M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $41.123K ▼ $4.129M ▼ $46.113M ▼ $-41.984M ▲
Q1-2025 $771.171K ▼ $5.303M ▼ $61.239M ▼ $-55.936M ▲
Q4-2024 $22.317M ▲ $2.153B ▲ $186.629M ▲ $-155.581B ▼
Q2-2024 $112.201K ▲ $1.114M ▼ $185.508M ▲ $0
Q1-2024 $4.818K $1.195M $179.364M $0

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2025 $-2.687M ▲ $-3.681M ▲ $-6.944K ▲ $4.437M ▼ $748.854K ▼ $-3.688M ▲
Q4-2024 $-23.035B ▼ $-6.618B ▼ $-1.908M ▼ $6.309B ▲ $22.205M ▲ $-6.62B ▼
Q2-2024 $-5.707M ▲ $-1.669M ▼ $0 $1.776M ▲ $107.383K ▲ $-1.669M ▼
Q1-2024 $-18.437M ▼ $-1.352M ▼ $0 ▲ $1.023M ▼ $-328.266K ▼ $-1.352M ▼
Q4-2023 $-6.362M $-1.339M $-5.233K $1.642M $297.895K $-1.344M

Five-Year Company Overview

Income Statement

Income Statement The company is essentially pre‑revenue. Over the past several years it has not generated meaningful sales and has instead been incurring ongoing operating costs. These costs have led to steady losses each year, and the loss per share has generally worsened as time has gone on. This pattern is typical of very early‑stage or SPAC-related entities that have not yet converted their business plan into paying customers. The income statement shows a company still in the setup or development phase rather than one operating as a mature business in its sector.

Balance Sheet

Balance Sheet The balance sheet shows a very small base of assets, some debt, and a strikingly negative equity position. Negative equity usually means obligations and accumulated losses are much larger than the company’s asset base. This can signal financial strain and a limited cushion to absorb further losses. Reported cash is effectively negligible, which raises questions about how the company is funding operations and meeting obligations. Overall, the balance sheet looks thin and fragile, more like a shell or very early‑stage vehicle than a fully capitalized operating company.

Cash Flow

Cash Flow Cash flows from operations have been consistently negative, reflecting the fact that the business consumes cash rather than generates it. There is no notable investment in long‑term assets yet, suggesting the company is not in a heavy build‑out phase but is instead spending mainly on operating and development costs. Because there is no positive cash generation, the company is likely reliant on external funding sources, such as equity raises, debt, or SPAC-related structures, to continue operating. This dependency is an important risk point if access to new capital becomes constrained.

Competitive Edge

Competitive Edge There is almost no concrete operating data, no revenue history, and limited public information about actual products, customers, or contracts. That makes it difficult to assess any real competitive position in construction materials or AI‑related systems. The mismatch between the sector label (construction materials) and the company name (which suggests AI systems) further clouds the picture. Without visible scale, market share, or differentiated offerings, the company currently appears to have no established foothold or proven moat in its stated industry.

Innovation and R&D

Innovation and R&D Public disclosures here do not detail specific products, technologies, or research programs. The name suggests a focus on AI‑driven scanning or sensing systems, but there is no clear evidence of patents, commercial pilots, or defined R&D pipelines in the available data. The pre‑revenue status could mean the company is still in heavy development mode, but with so little information it is impossible to judge the quality or uniqueness of any innovation. Any view on its technology strength or long‑term moat would be highly uncertain and speculative at this stage.

Summary

Overall, this looks like a very early‑stage or SPAC‑related entity with no meaningful revenue, ongoing losses, and a weak balance sheet characterized by negative equity and minimal reported cash. The business model and industry positioning are not clearly established in public data, and there is no visible evidence yet of commercial traction. Future outcomes will likely hinge on two things: the company’s ability to raise and manage capital despite its thin financial base, and its ability to turn whatever technology or concept it has into real products and paying customers. Until there is clearer disclosure on operations, technology, and markets, the profile remains speculative and high‑uncertainty from a fundamental standpoint.

NEWS

November 28, 2025 · 8:00 AM UTC

ScanTech AI Systems Announces Restated Q1 and Reviewed Q2 2025 Financial Statements Under New Auditor — Key Step in Nasdaq Re-Compliance Program

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November 25, 2025 · 8:00 AM UTC

ScanTech AI Systems and unival group GmbH Announce Strategic Partnership to Expand Security Technology Deployments Across Europe, the Middle East, and Africa

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November 24, 2025 · 8:00 AM UTC

ScanTech AI Systems Signs Term Sheet for $20 Million Financing with ARC Group to Enhance Liquidity and Strategic Flexibility

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November 12, 2025 · 8:00 AM UTC

ScanTech AI Systems Highlights Nuclear-Sector Momentum with Participation at the World's Leading Civil Nuclear Exhibition

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November 10, 2025 · 8:00 AM UTC

ScanTech AI Systems Regains Nasdaq Market Value of Publicly Held Shares Compliance and Continues Progress on Strategic Re-Compliance Plan

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