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WETO

Webus International Limited Ordinary Shares

WETO

Webus International Limited Ordinary Shares • NASDAQ
$0.87 ▲ 1.13% (+0.01)
Market Cap $19.14 M
52w High $4.30
52w Low $0.80
Dividend Yield 0%
P/E -10.87
Volume 2.62K
Outstanding Shares 22.00M

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
Q2-2024 $13.495M ▲ $61.338M ▲ $36.379M ▲ $24.959M ▼
Q4-2023 $2.781M ▼ $44.933M ▼ $17.126M ▼ $27.808M ▲
Q2-2023 $3.008M ▲ $45.623M ▲ $17.993M ▲ $27.63M ▼
Q4-2022 $2.151M ▼ $44.993M ▼ $13.133M ▼ $31.86M ▼
Q2-2022 $9.399M $49.147M $14.306M $34.841M

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 WETO looks like a very early‑stage, still‑tiny business financially. Revenue has grown off a very low base over the past few years, but it remains small and somewhat uneven, with a recent soft patch rather than a smooth upward trend. The company has consistently operated at a loss, though those losses have generally been narrowing over time. Margins are thin, and profitability has not yet been established. Overall, the income statement reads like a company still in the “building” phase, with modest commercial traction but no clear proof of scale or earnings power yet.

Balance Sheet

Balance Sheet The balance sheet is very light, which is typical for an asset‑light software and platform model, but it also means there is not much of a financial cushion. Total assets are small, reported cash on hand is minimal, and there is a modest amount of debt relative to the company’s size. Equity is positive but limited, reflecting a thin capital base. This structure can work for a digital platform if growth accelerates, but it leaves less room for missteps and increases dependence on external financing or continued partner support if operations do not quickly become self‑funding.

Cash Flow

Cash Flow Cash flow mirrors the early‑stage profile. Operating cash flow has hovered around breakeven with slight outflows in some years, and free cash flow has also been modestly negative at times. Capital spending is almost negligible, which fits an asset‑light, software‑driven model but also underscores how much of the story depends on intellectual property and partnerships rather than heavy physical investment. The positive aspect is that cash burn does not appear extreme; the concern is that even moderate, ongoing outflows can be challenging to sustain given the small balance sheet and lack of a cash buffer.

Competitive Edge

Competitive Edge Competitively, WETO is trying to carve out a differentiated niche rather than compete head‑on with the largest travel or ride‑hailing platforms. Its strategy centers on blending mobility services with an advanced loyalty and payments ecosystem using AI and blockchain. Partnerships with a major airline, a sizable online travel platform in China, and integrations with global travel technology like Expedia’s tools potentially give it access to users and inventory that it could not build alone. However, its market position is still nascent: brand awareness is limited, scale is small, and large incumbents could replicate key ideas if they prove attractive. The company’s emerging ecosystem could become sticky if widely adopted, but today it remains more of a promising concept than an entrenched moat.

Innovation and R&D

Innovation and R&D Innovation is clearly the heart of WETO’s strategy. The company is betting heavily on AI‑driven personalization, a points‑optimization “loyalty agent,” and a tokenized rewards exchange built on blockchain, including crypto‑based payments. It is also layering in AI tools for trip planning and operational efficiency, often by integrating leading third‑party technologies with its own platform. This creates a forward‑looking, fintech‑plus‑travel positioning that most traditional operators do not yet match. The flip side is execution and regulatory risk: user adoption of Web3 rewards and crypto payments is still uncertain, regulatory landscapes are evolving, and it remains to be seen how much of this innovation can be reliably monetized. Innovation is the main asset here, but it is also the main source of risk and uncertainty.

Summary

WETO is a very small, early‑stage technology company trying to reinvent itself from a basic mobility provider into a sophisticated travel‑tech and loyalty platform powered by AI and blockchain. Financially, it shows the classic profile of a young platform business: low but growing revenue, ongoing operating losses, thin margins, and a light balance sheet with limited financial buffers. Cash burn is not dramatic in absolute terms, but the lack of a strong cash position or large asset base makes funding and execution discipline crucial. Strategically, the company’s story is more ambitious than its current financial footprint suggests. It is building an ecosystem that combines premium mobility services, advanced loyalty management, crypto‑based payments, and partnerships with established travel brands. If these partnerships deepen and users embrace the AI and tokenized rewards features, the model could evolve into a more defensible, higher‑margin platform. For now, however, the business remains in a high‑uncertainty phase, with significant dependence on execution quality, partner adoption, regulatory clarity, and continued access to capital as it pursues its innovation‑led growth plan.

NEWS

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