ATIF Holdings Ltd AUC
are a British Virgin Islands business company. We are a business consulting company providing financial consulting services
to small and medium-sized enterprises ("SMEs") and prior to August 1, 2022, our Affiliated Entity ATIF USA, managed a private
equity fund with approximately $1.3 million assets under management ("AUM"). Since our inception in 2015, the main focus of
our consulting business has been providing comprehensive going public consulting services designed to help SMEs become public companies
Valuation FY2024 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $70.0K | $20.8K | $20.8K | $2.4M | $6.3M | $400.0K | $5.3M | $3.6M | — |
| Cost of revenue | — | — | $660.0K | — | $227.4K | — | — | — | — |
| Gross profit | — | $2.5M | $1.0M | $936.9K | $458.6K | $3.1M | $5.3M | — | — |
| SG&A | $2.3M | $2.2M | $2.7M | $2.9M | $3.1M | $1.2M | $807.1K | $408.7K | — |
| Total operating expenses | $2.6M | $3.2M | $3.2M | $3.4M | $7.0M | $2.4M | $2.6M | $2.7M | — |
| Operating income | -$2.0M | -$760.9K | -$2.2M | -$2.4M | -$6.4M | $671.6K | $2.7M | $925.1K | — |
| Interest expense | $26 | $1.9K | — | — | — | — | — | — | — |
| Pre-tax income | -$3.2M | -$2.9M | -$3.4M | -$2.4M | -$6.3M | $706.0K | $2.7M | $858.0K | — |
| Income tax | $3.3K | $31.2K | — | — | $76.3K | $276.8K | $716.8K | $217.0K | — |
| Net income | -$3.2M | -$2.9M | -$2.9M | -$9.0M | -$17.3M | $429.2K | $1.9M | $641.0K | — |
| EPS, basic | -0.31 | -0.30 | -0.31 | -0.90 | — | — | — | — | — |
| EPS, diluted | -0.31 | -0.30 | -0.31 | -0.90 | -1.87 | 0.06 | 0.06 | 0.02 | — |
| Shares, diluted (wtd. avg.) | $10.2M | $9.6M | $9.5M | $9.5M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.2M | $606.0K | $1.8M | $5.6M | $409.7K | $6.5M | $73.0K | $144.8K | $9.9K |
| Short-term investments | $424.1K | $130.6K | — | — | — | — | — | — | — |
| Receivables | — | $650.0K | — | $1.0M | $939.4K | $1.5M | $137.6K | — | — |
| Inventory | — | — | — | — | $46.8K | — | — | — | — |
| Total current assets | $2.9M | $2.5M | $6.0M | $9.8M | $5.2M | $10.6M | $3.7M | — | — |
| Property, plant and equipment | $60.0K | $93.6K | $272.7K | $572.0K | $606.2K | $49.0K | $49.4K | — | — |
| Goodwill | — | — | — | — | $25.9M | $0 | — | — | — |
| Other intangibles | — | $73.3K | $153.3K | $233.3K | $330.5K | $428.8K | — | — | — |
| Total assets | $3.0M | $3.8M | $8.1M | $11.4M | $45.8M | $12.3M | $3.7M | — | — |
| Accounts payable | $957.1K | $293.1K | $2.3M | $482 | $482 | — | — | — | — |
| Total current liabilities | $988.4K | $1.5M | $2.8M | $1.3M | $7.8M | $1.1M | $1.7M | — | — |
| Total liabilities | $1.3M | $2.2M | $3.8M | $1.7M | $11.2M | $1.1M | — | — | — |
| Retained earnings | -$30.9M | -$27.7M | -$24.8M | -$22.1M | -$13.5M | $1.4M | $1.0M | — | — |
| Total equity | $1.8M | $1.5M | $4.4M | $9.7M | $34.6M | $11.2M | $2.0M | -$574.1K | -$1.3M |
Cash flow
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$120.5K | -$2.3M | -$146.9K | -$2.7M | -$5.9M | -$3.0M | $2.0M | $153.7K | — |
| Depreciation and amortisation | $112.0K | $138.8K | $158.6K | $209.0K | $120.7K | $50.3K | $16.5K | $11.3K | — |
| Capital expenditure | $5.1K | $1.4K | $102.0K | $106.5K | $874.4K | $20.8K | $26.8K | $15.0K | — |
| Investing cash flow | -$1.6M | $459.8K | -$1.6M | $861.9K | -$176.5K | $739.1K | -$2.9M | -$20.5K | — |
| Financing cash flow | $2.3M | $730.0K | -$2.0M | $6.8M | $142.0K | $8.7M | $755.1K | — | — |
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 0001213900-24-097579.
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