Canton Strategic Holdings Financials
This page shows Canton Strategic Holdings (CNTN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Canton Strategic Holdings passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Canton Strategic Holdings generates $0.89 in operating cash flow (-$10.9M OCF vs -$12.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Canton Strategic Holdings earns $-908.6 in operating income for every $1 of interest expense (-$12.4M vs $14K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Canton Strategic Holdings reported -$12.2M in net income in fiscal year 2024. This represents a decrease of 30.9% from the prior year.
Canton Strategic Holdings earned $-9.41 per diluted share (EPS) in fiscal year 2024. This represents an increase of 91.2% from the prior year.
Canton Strategic Holdings held $3.6M in cash against $0 in long-term debt as of fiscal year 2024.
Canton Strategic Holdings had 2M shares outstanding in fiscal year 2024. This represents an increase of 123.2% from the prior year.
Canton Strategic Holdings invested $6.4M in research and development in fiscal year 2024. This represents an increase of 79.6% from the prior year.
CNTN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $278K-49.1% | $546K-8.1% | $594K | N/A | $2.3M+128.3% | $1000K-2.5% | $1.0M | N/A |
| SG&A Expenses | $1.8M+39.1% | $1.3M-33.2% | $2.0M | N/A | $1.6M+15.3% | $1.4M+3.9% | $1.3M | N/A |
| Operating Income | -$2.1M-13.1% | -$1.9M+27.3% | -$2.5M | N/A | -$3.9M-62.9% | -$2.4M-1.1% | -$2.3M | N/A |
| Interest Expense | $10K+56.6% | $6K-27.3% | $8K | N/A | $3K-42.3% | $5K+11.0% | $5K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$2.1M-13.3% | -$1.9M+27.0% | -$2.5M | N/A | -$3.8M-63.3% | -$2.3M-3.1% | -$2.3M | N/A |
| EPS (Diluted) | $-0.34 | $-0.64+35.4% | $-0.99 | N/A | $-2.45-1.2% | $-2.42 | $-2.55 | N/A |
CNTN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.7M+204.3% | $2.5M+52.3% | $1.7M-55.4% | $3.7M-29.1% | $5.3M-36.4% | $8.3M-7.1% | $8.9M-18.8% | $10.9M |
| Current Assets | $7.7M+204.3% | $2.5M+52.3% | $1.7M-55.4% | $3.7M-29.1% | $5.3M-36.4% | $8.3M-7.1% | $8.9M-18.8% | $10.9M |
| Cash & Equivalents | $7.6M+239.4% | $2.2M+108.4% | $1.1M-69.8% | $3.6M-25.4% | $4.8M-39.5% | $7.9M-6.3% | $8.4M-22.9% | $10.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.5M-28.6% | $2.2M-12.6% | $2.5M+2.6% | $2.4M+8.1% | $2.2M+42.9% | $1.6M-14.9% | $1.8M+1.3% | $1.8M |
| Current Liabilities | $1.5M-28.6% | $2.2M-12.6% | $2.5M+2.6% | $2.4M+8.1% | $2.2M+42.9% | $1.6M-14.9% | $1.8M+1.3% | $1.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $6.2M+1575.4% | $367K+145.1% | -$815K-162.3% | $1.3M-56.7% | $3.0M-54.9% | $6.7M-5.0% | $7.0M-22.8% | $9.1M |
| Retained Earnings | -$43.4M-5.1% | -$41.3M-4.7% | -$39.4M-6.9% | -$36.9M-11.5% | -$33.1M-13.0% | -$29.3M-8.6% | -$27.0M-9.1% | -$24.7M |
CNTN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.9M-62.4% | -$1.1M+57.5% | -$2.7M+11.4% | -$3.0M-5.9% | -$2.9M-31.4% | -$2.2M+22.9% | -$2.8M-99.6% | -$1.4M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $7.2M+212.9% | $2.3M+1023.0% | $206K-88.7% | $1.8M+805.7% | -$258K-115.6% | $1.6M+419.6% | $317K-96.7% | $9.7M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CNTN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -27.3%+46.0pp | -73.3%+79.7pp | -153.0% | N/A | -72.3%-44.1pp | -28.2%-2.8pp | -25.4% | N/A |
| Current Ratio | 4.98+3.8 | 1.17+0.5 | 0.67-0.9 | 1.54-0.8 | 2.35-2.9 | 5.28+0.4 | 4.84-1.2 | 6.03 |
| Debt-to-Equity | 0.25-5.6 | 5.89+8.9 | -3.04-4.9 | 1.85+1.1 | 0.74+0.5 | 0.23-0.0 | 0.26+0.1 | 0.20 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Canton Strategic Holdings profitable?
No, Canton Strategic Holdings (CNTN) reported a net income of -$12.2M in fiscal year 2024.
What is Canton Strategic Holdings's earnings per share (EPS)?
Canton Strategic Holdings (CNTN) reported diluted earnings per share of $-9.41 for fiscal year 2024. This represents a 91.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Canton Strategic Holdings's operating cash flow?
Canton Strategic Holdings (CNTN) generated -$10.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Canton Strategic Holdings's total assets?
Canton Strategic Holdings (CNTN) had $3.7M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Canton Strategic Holdings spend on research and development?
Canton Strategic Holdings (CNTN) invested $6.4M in research and development during fiscal year 2024.
How many shares does Canton Strategic Holdings have outstanding?
Canton Strategic Holdings (CNTN) had 2M shares outstanding as of fiscal year 2024.
What is Canton Strategic Holdings's current ratio?
Canton Strategic Holdings (CNTN) had a current ratio of 1.54 as of fiscal year 2024, which is generally considered healthy.
What is Canton Strategic Holdings's debt-to-equity ratio?
Canton Strategic Holdings (CNTN) had a debt-to-equity ratio of 1.85 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Canton Strategic Holdings's return on assets (ROA)?
Canton Strategic Holdings (CNTN) had a return on assets of -327.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Canton Strategic Holdings's cash runway?
Based on fiscal year 2024 data, Canton Strategic Holdings (CNTN) had $3.6M in cash against an annual operating cash burn of $10.9M. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Canton Strategic Holdings's Piotroski F-Score?
Canton Strategic Holdings (CNTN) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Canton Strategic Holdings's earnings high quality?
Canton Strategic Holdings (CNTN) has an earnings quality ratio of 0.89x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Canton Strategic Holdings cover its interest payments?
Canton Strategic Holdings (CNTN) has an interest coverage ratio of -908.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.