AZIO AI HOLDINGS, INC. AZIO
We are a diversified, power-backed hardware technology company focused on the development, integration, and deployment of electrified and energy-intensive systems across multiple end markets. Our operating and development initiatives are organized around a common foundation of power management, electrification, and integrated hardware know-how, with current focus areas including commercial EVs, electric drone platforms, and medical supplies.
We are also exploring opportunities to develop and deploy energy-integrated artificial intelligence ("AI") compute infrastructure. EVTV's intended role would be to design, integrate, and deploy modular AI compute systems that combine power generation, power management, and high-performance computing hardware.
Last close
0.92
2026-10-23
Market cap
$15.2M
2026-06-30 share count
52-week range
0.83 - 2.06
Valuation FY2025 figures against the last close
P/S2.6x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.9M | $1.9M | $2.9M | $4.5M | $2.0M | $88.7K | $12.6M | $5.0M | $425.0K | $68.0K |
| Cost of revenue | $19.1M | $1.4M | $1.9M | $2.8M | $1.3M | $73.6K | $11.6M | $4.9M | $479.0K | $50.0K |
| Gross profit | -$13.2M | $488.8K | $1.0M | $1.7M | $761.4K | $15.2K | $934.0K | $133.0K | -$54.0K | $18.0K |
| R&D | $731.8K | $192.9K | $236.2K | $149.9K | $58.1K | $0 | $108.8K | $686.4K | $586.9K | $37.3K |
| SG&A | $11.3M | $8.1M | $8.2M | $8.0M | $8.2M | $355.2K | $5.7M | $10.7M | $18.7M | $9.4M |
| Total operating expenses | $25.5M | $8.4M | $13.7M | $45.6M | $8.5M | $426.1K | $6.1M | $11.5M | $21.5M | $9.6M |
| Operating income | -$38.7M | -$7.9M | -$12.7M | -$43.8M | -$7.7M | -$411.0K | -$5.2M | -$11.4M | -$21.6M | -$9.5M |
| Interest expense | — | — | — | — | — | — | — | — | $322.0K | $1.1M |
| Pre-tax income | -$39.1M | -$8.8M | -$12.7M | -$43.8M | -$7.4M | -$406.8K | -$5.2M | -$11.0M | -$21.9M | -$10.7M |
| Income tax | $0 | $0 | $0 | $0 | $220.7K | $218.3K | — | — | $3.0K | — |
| Net income | -$39.1M | -$8.8M | -$12.7M | -$43.8M | -$7.7M | -$279.5K | -$5.2M | -$11.0M | -$21.9M | -$10.7M |
| EPS, basic | -11.54 | -5.46 | -0.84 | -2.92 | -0.67 | — | — | — | — | — |
| EPS, diluted | — | — | — | — | -0.03 | -279,521.00 | -0.07 | -0.15 | -0.33 | -0.16 |
| Shares, diluted (wtd. avg.) | 3.4M | 1.6M | 15.1M | 15.0M | 11.5M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $359.0K | $1.9M | $456.7K | $2.8M | $4.8M | $136.2K | $324.1K | $3.8M | $2.4M | $938.0K |
| Short-term investments | — | — | $0 | $2.3M | $8.0M | — | $2.8M | $3.9M | — | — |
| Receivables | — | $1.0M | $692.1K | $2.1M | $1.4M | $9.0K | $661.4K | $996.6K | $0 | — |
| Inventory | $0 | $6.4M | $6.8M | $5.7M | $3.9M | $353.7K | $494.2K | $0 | $225.0K | $314.0K |
| Total current assets | $3.5M | $17.6M | $12.1M | $18.3M | $23.0M | $1.9M | $9.6M | $10.2M | $4.4M | $2.7M |
| Property, plant and equipment | $476.0K | $592.2K | $320.7K | $368.5K | $272.1K | $227.6K | $111.8K | $150.1K | $487.1K | $417.2K |
| Goodwill | $0 | $10.1M | $9.6M | $14.7M | $51.8M | — | — | — | — | — |
| Other intangibles | $0 | $4.0M | $0 | — | — | — | — | — | — | — |
| Total assets | $4.7M | $32.7M | $22.7M | $33.5M | $75.3M | $2.4M | $10.3M | $10.8M | $5.3M | $3.4M |
| Accounts payable | $3.6M | $1.5M | $760.8K | $603.7K | $238.5K | $345.4K | $418.0K | $342.0K | $30.0K | $107.0K |
| Total current liabilities | $13.3M | $11.7M | $1.8M | $1.5M | $1.6M | $2.7M | $6.9M | $3.0M | $2.7M | $6.1M |
| Long-term debt | $485.8K | $3.4M | $279.7K | — | — | — | — | — | $2.1M | $5.8M |
| Total liabilities | $13.6M | $11.7M | $2.0M | $1.5M | $1.6M | $2.9M | $7.0M | $3.2M | $3.0M | $6.1M |
| Retained earnings | -$112.6M | -$73.5M | -$64.6M | -$51.9M | -$8.1M | -$472.3K | -$59.2M | -$54.0M | -$43.0M | -$21.1M |
| Total equity | -$8.9M | $20.9M | $20.6M | $32.0M | $73.7M | -$472.2K | -$192.7K | $7.6M | $2.3M | -$2.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.6M | -$3.5M | -$4.7M | -$7.4M | -$12.9M | $1.5M | -$4.6M | -$4.5M | -$5.6M | -$2.9M |
| Depreciation and amortisation | $293.0K | $158.8K | $128.8K | $97.2K | $70.7K | $17.7K | $48.6K | $43.4K | $18.6K | $12.8K |
| Stock-based compensation | $639.8K | $1.9M | $1.3M | $1.6M | $3.4M | $347.0K | $769.0K | $6.4M | $15.0M | $7.6M |
| Capital expenditure | $176.8K | $430.3K | $35.8K | $168.6K | $28.0K | $73.1K | $13.0K | $79.0K | $114.0K | $411.0K |
| Investing cash flow | -$176.8K | -$4.7M | $2.3M | $5.5M | -$4.7M | -$73.1K | $1.1M | -$3.7M | -$614.0K | -$871.0K |
| Financing cash flow | $4.2M | $9.7M | $36.6K | -$156.7K | $20.6M | $152.8K | $4.1M | $9.5M | $7.7M | $180.0K |
| Buybacks | — | — | — | — | $4.0K | — | — | — | — | — |
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 0001437749-26-012170.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $68.0K | $425.0K | $5.0M | $12.6M | $88.7K | $2.0M | $4.5M | $2.9M | $1.9M | $5.9M |
| Gross profit | $18.0K | -$54.0K | $133.0K | $934.0K | $15.2K | $761.4K | $1.7M | $1.0M | $488.8K | -$13.2M |
| Net income | -$10.7M | -$21.9M | -$11.0M | -$5.2M | -$279.5K | -$7.7M | -$43.8M | -$12.7M | -$8.8M | -$39.1M |
Recent filings and events
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Officer or director change Item 5.02
- Charter or fiscal year changed Item 5.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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