AI Financial Corp AIFC
Sigma Corporation (formerly known as JanOne Inc.) and subsidiaries (collectively, "we," "us," the "Company,"
or "ALT5"). Through our Fintech segment, the Company provides next-generation blockchain-powered technologies for digital
asset trading, payments processing and related payment card services.
May 15, 2024, the Company acquired ALT5 Sigma, Inc., and on July 15, 2024, changed its corporate name from JanOne Inc. to ALT5 Sigma
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.8M | $11.9M | $0 | $0 | $40.0M | $33.9M | $35.1M | $36.8M | $36.4M | $40.5M |
| Cost of revenue | $14.7M | $6.2M | $0 | $0 | $31.2M | $25.0M | $27.3M | $25.7M | $28.4M | $28.1M |
| Gross profit | $10.2M | $5.6M | $0 | $0 | $8.9M | $8.8M | $7.8M | $11.1M | $13.1M | $12.4M |
| SG&A | $33.0M | $12.6M | $4.7M | $3.1M | $12.1M | $17.8M | $20.2M | $17.1M | $13.4M | $11.2M |
| Total operating expenses | $33.0M | $12.6M | $19.8M | $3.1M | $12.1M | $17.8M | — | — | — | — |
| Operating income | -$22.9M | -$6.9M | -$19.8M | -$3.1M | -$16.8M | -$9.0M | -$12.4M | -$6.1M | -$231.0K | $1.1M |
| Interest expense | — | — | $2.2M | $468.0K | $773.0K | $504.0K | $1.5M | $668.0K | $894.0K | $1.2M |
| Pre-tax income | -$428.2M | -$8.5M | -$17.5M | $1.4M | $3.0M | -$8.9M | -$15.2M | -$6.3M | $4.1M | -$40.0K |
| Income tax | $86.7M | $160.0K | $429.0K | $6.6M | $273.0K | $427.0K | $3.2M | $727.0K | $1.3M | $426.0K |
| Net income | -$344.5M | -$7.6M | -$7.8M | $11.0M | -$16.9M | -$8.5M | -$12.0M | -$5.6M | -$378.0K | -$1.8M |
| EPS, basic | -5.91 | -0.68 | -1.95 | 3.49 | -6.35 | -4.59 | -6.78 | -3.75 | 0.02 | -0.24 |
| EPS, diluted | -5.91 | -0.68 | -1.95 | 3.49 | -6.35 | -4.59 | -6.78 | -3.75 | 0.02 | -0.24 |
| Shares, diluted (wtd. avg.) | $58.3M | $11.2M | $4.4M | $3.2M | $2.7M | $1.9M | $1.8M | $1.5M | $6.7M | $6.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.2M | $7.2M | $5.0K | $61.0K | $705.0K | $379.0K | $481.0K | $1.2M | $3.3M | $968.0K |
| Receivables | — | — | — | $7.3M | $6.1M | $4.2M | $7.2M | $5.1M | $10.0M | $9.0M |
| Inventory | — | — | — | $366.0K | $1.2M | $1.6M | $1.3M | $801.0K | $762.0K | $1.1M |
| Total current assets | $29.5M | $34.4M | $346.0K | $9.2M | $7.6M | $6.9M | $8.8M | $8.9M | $21.1M | $28.5M |
| Property, plant and equipment | $28.0K | $1.2M | $0 | $2.7M | $2.1M | $732.0K | $324.0K | $211.0K | $538.0K | $9.6M |
| Goodwill | $12.3M | $3.9M | $0 | — | — | — | — | — | $0 | $38.0K |
| Other intangibles | $23.0M | $18.7M | $17.8M | $20.0M | $268.0K | $14.0M | $17.7M | $21.4M | $24.7M | $57.0K |
| Total assets | $1.22B | $75.7M | $18.5M | $46.8M | $15.2M | $24.4M | $29.0M | $35.0M | $46.9M | $41.9M |
| Accounts payable | $5.1M | $3.2M | $2.3M | $2.3M | $5.1M | $4.7M | $4.4M | $3.2M | $3.3M | $6.1M |
| Short-term debt | — | — | $0 | $274.0K | $550.0K | $3.0M | $280.0K | $675.0K | $5.6M | $0 |
| Total current liabilities | $51.4M | $40.9M | $5.9M | $23.9M | $19.4M | $20.6M | $17.6M | $9.7M | $15.8M | $27.5M |
| Long-term debt | $563.0K | $563.0K | — | $1.3M | $1.3M | — | — | — | — | $4.5M |
| Total liabilities | $60.3M | $55.8M | $7.3M | $29.9M | $23.8M | $22.0M | $18.7M | $13.4M | $20.7M | $30.6M |
| Retained earnings | -$402.7M | -$58.2M | -$50.6M | -$42.8M | -$53.8M | -$36.9M | -$28.4M | -$16.5M | -$10.9M | -$11.0M |
| Total equity | $1.15B | $12.4M | -$3.3M | $2.3M | -$8.7M | $2.4M | $10.3M | $21.6M | $26.2M | $11.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.2M | $1.8M | $1.5M | -$3.1M | -$5.3M | -$617.0K | -$3.5M | $4.1M | $1.2M | $2.7M |
| Depreciation and amortisation | $3.3M | $1.3M | $1.5M | $2.0K | $4.2M | $4.1M | $4.1M | $4.0M | $2.1M | $959.0K |
| Stock-based compensation | $5.9M | $2.3M | $14.0K | $5.0K | $303.0K | $578.0K | $631.0K | $656.0K | $272.0K | $245.0K |
| Capital expenditure | $11.0K | — | — | $808.0K | $1.7M | $507.0K | $212.0K | $401.0K | $22.0K | $375.0K |
| Investing cash flow | -$706.6M | $5.9M | -$155.0K | -$1.5M | -$1.7M | -$834.0K | $345.0K | -$172.0K | $7.3M | -$412.0K |
| Financing cash flow | $716.8M | $6.1M | -$1.4M | $4.0M | $7.4M | $1.4M | $2.5M | -$6.1M | -$6.3M | -$3.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-019225.
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