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TDTH

Trident Digital Tech Holdings Ltd American Depository Shares

TDTH

Trident Digital Tech Holdings Ltd American Depository Shares • NASDAQ
$0.54 ▲ 8.63% (+0.04)
Market Cap $4.17 M
52w High $3.89
52w Low $0.17
Dividend Yield 0%
P/E -2.08
Volume 81.17K
Outstanding Shares 7.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $27.762K ▼ $8.439M ▲ $-8.547M ▼ -30.787K% ▼ $-0.88 ▼ $-8.379M ▼
Q4-2024 $65.375K ▼ $4.609M ▲ $-4.678M ▼ -7.155K% ▼ $-0.58 ▼ $-4.609M ▼
Q2-2024 $280.59K $1.455M $-1.427M -508.668% $-0.2 $-1.194M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $144.952K ▼ $2.221M ▼ $6.427M ▲ $-4.206M ▼
Q4-2024 $194.113K ▲ $3.034M ▼ $3.415M ▼ $-381.062K ▼
Q2-2024 $10.868K ▼ $4.024M ▼ $3.572M ▲ $452.142K ▼
Q4-2023 $1.809M ▼ $5.83M ▼ $3.397M ▼ $2.433M ▲
Q2-2023 $3.966M $7.867M $11.093M $-3.226M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-8.547M ▼ $-2.767M ▼ $-6.009K ▼ $3.182M ▲ $2.662K ▼ $-2.773M ▼
Q2-2024 $-1.427M $-1.69M $-464 $402.851K $8.019K $-1.691M

Five-Year Company Overview

Income Statement

Income Statement TDTH is essentially in a pre‑revenue phase. The company shows operating and net losses, which is typical for a young tech and consulting platform that is building products and infrastructure before earning meaningful sales. The lack of reported revenue means the income statement is driven almost entirely by overhead, listing costs, and early development expenses. At this stage, the story is about investment in growth rather than profitability, with no clear evidence yet of commercial traction in the financials themselves.

Balance Sheet

Balance Sheet The reported balance sheet is very light, reflecting a small, newly listed company. Assets are minimal in the historical data, and there is no meaningful reported debt, suggesting a simple capital structure that likely leans heavily on equity funding from the SPAC process and recent private placements. However, with such a thin asset base and no revenue, the company’s financial resilience depends largely on continued access to external funding rather than on internally generated resources.

Cash Flow

Cash Flow Cash flows show modest but persistent outflows from operating activities, consistent with a business that is spending on operations and product development without bringing in cash from customers yet. Capital spending appears negligible, so most cash use is related to people, professional services, and public-company costs rather than heavy physical investment. In practical terms, this means the main cash question is how long existing funds can support the current burn rate and how frequently the company may need to raise additional capital.

Competitive Edge

Competitive Edge TDTH is trying to carve out a niche by combining IT consulting with proprietary Web 3.0 platforms aimed at smaller businesses, mainly in Southeast Asia and, more recently, parts of Africa. Its focus on customized solutions and end‑to‑end services—from consulting through implementation—creates some differentiation against larger, more standardized IT firms. At the same time, it operates in a very crowded and fast‑moving field, competing not only with global IT service providers but also with other blockchain, e‑commerce, and digital identity platforms. The company’s small scale, short track record, and early stage of commercialization limit its current competitive strength, making execution and partner/client wins crucial to building real market power.

Innovation and R&D

Innovation and R&D Innovation centers on two main proprietary initiatives: Tridentity, a blockchain‑based e‑commerce platform, and DRC pass, a digital identity system targeting African markets. Both aim to use blockchain to improve security, transparency, and trust in online transactions and identity verification. The company’s innovation model is applied and product‑driven rather than pure research: it focuses on building practical, tailored solutions for specific customer segments. This provides clear use‑case visibility but also exposes TDTH to technology‑adoption risks, regulatory uncertainties around Web 3.0, and the challenge of convincing conservative SMEs and government or quasi‑government partners to adopt relatively new concepts at scale.

Summary

TDTH is a very early‑stage, newly listed tech and consulting company with ambitious plans in Web 3.0 e‑commerce and digital identity, but with no meaningful revenue yet and only small operating losses visible so far. The business model relies on turning its proprietary platforms and consulting capabilities into recurring client relationships, particularly among SMEs in emerging markets. Financially, the company is still dependent on external capital, with limited assets and ongoing cash outflows. Strategically, its focused niche, proprietary products, and geographic expansion plans are interesting, but the lack of commercial track record, the crowded competitive landscape, and exchange‑listing pressures all point to a high‑uncertainty situation where future execution, client adoption, and funding access will determine how the story develops from here.

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