Logo

STEC

Santech Holdings Limited

STEC

Santech Holdings Limited • NASDAQ
$1.25 ▲ 1.83% (+0.02)
Market Cap $17.54 M
52w High $3.03
52w Low $0.44
Dividend Yield 0%
P/E -8.95
Volume 143.38K
Outstanding Shares 14.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2020 $502.313M ▲ $145.499M ▲ $62.102M ▲ 12.363% ▼ $4.82 ▲ $78.847M ▼
Q3-2020 $462.802M ▲ $139.724M ▲ $61.868M ▲ 13.368% ▲ $4.8 ▲ $91.82M ▲
Q4-2019 $351.191M ▲ $107.342M ▲ $29.422M ▼ 8.378% ▼ $2.1 ▼ $47.114M ▲
Q3-2019 $315.881M $105.08M $31.31M 9.912% $2.24 $42.651M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2023 $15.184M ▼ $16.742M ▼ $14.18M ▼ $2.562M ▼
Q2-2023 $54.711M ▼ $147.034M ▼ $122.791M ▼ $6.021M ▼
Q4-2022 $897.811M ▲ $2.373B ▲ $1.13B ▲ $1.112B ▲
Q2-2022 $535.615M ▲ $2.239B ▲ $1.054B ▲ $1.041B ▲
Q4-2021 $525.136M $1.783B $784.499M $968.313M

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 The historical income statement shows a company that used to earn steady, modest profits from its legacy financial services, but then went through a sharp break in 2023. Revenue and profit from the old business largely disappeared as those operations were exited, and the company slipped into a small loss. In plain terms, past results no longer reflect the new tech-focused direction, and the current income profile is very small and still in reset mode.

Balance Sheet

Balance Sheet The balance sheet has shrunk dramatically. A few years ago, the company held a reasonable base of assets and cash built from its former financial services activities. By 2023, both total assets and equity fell to a very low level, suggesting a winding down of the old business and limited remaining capital. Debt that appeared briefly also seems to have been cleared, but the overall financial cushion now looks thin, meaning there is less balance sheet support for ambitious expansion unless new funding or profits emerge.

Cash Flow

Cash Flow Historically, the old business generated solid cash from operations and, in most years, positive free cash flow, indicating it could largely fund itself. Capital spending jumped in one year, briefly squeezing free cash flow, but then normalized. For 2023, cash flow data are missing or incomplete, which fits with the transition away from prior operations. Overall, past cash flows looked healthy for the legacy model, but it is unclear how the new technology and e‑commerce strategy will perform on a cash basis.

Competitive Edge

Competitive Edge The competitive position is in flux. The company is moving from niche financial services in China and Hong Kong into extremely crowded global arenas: e‑commerce, AI, and possibly autonomous vehicles and metaverse-related technologies. It has no clearly established brand or scale in these new markets, and there is no well-documented technology moat yet. Success will likely depend on how quickly it can define a focused niche, build distinctive products, and execute in environments dominated by much larger, better-known players.

Innovation and R&D

Innovation and R&D The innovation story is ambitious but still mostly narrative. Management highlights new retail, social e‑commerce, AI-driven products, and even autonomous vehicle and metaverse ambitions. However, public details on actual products, patents, proprietary algorithms, or concrete roadmaps are sparse. Recent excitement appears driven more by announcements than by verifiable technology depth. The upside is that there is room to surprise if real capabilities emerge; the risk is that expectations may be ahead of what is currently proven.

Summary

Santech Holdings is in the middle of a major reinvention from a small but profitable financial services provider into a technology and e‑commerce player. Past financials show a stable, cash-generating legacy business that has largely been exited, leaving a much smaller balance sheet and minimal ongoing revenue. The new strategy points toward high-growth, high-competition fields, yet its competitive edge and technological depth are not clearly demonstrated in public information. Going forward, the key questions are whether the company can turn its tech narrative into concrete products, regain meaningful revenue and profit scale, and rebuild financial strength without overextending its limited current resources.