ChronoScale Holdings Corp CHRN
We operate our business through two wholly-owned subsidiaries: ChronoScale Corporation, a Nevada corporation (f/k/a Applied Digital Cloud Corporation, a Nevada corporation) ("Cloud"), and Ekso Bionics, Inc., a Delaware corporation ("Legacy Ekso"). Following the Holding Company Transaction (as defined and described below), Applied Digital Cloud Corporation changed its name to ChronoScale Corporation. All references to "Cloud" prior to the Holding Company Transaction are to Applied Digital Cloud Corporation and after the Holding Company Transaction, to ChronoScale Corporation. Through Cloud, we have been providing cloud services to customers at third-party colocation centers located in Colorado, Minnesota and Utah, such as artificial intelligence and machine learning developers, seeking to develop their advanced products (the "Cloud Business"). Customers pay a fixed rate in exchange for an energized space supported by Cloud-provided equipment. Through Legacy Ekso, we design, develop, and market exoskeleton and complementary products that augment human strength, endurance, and mobility (the "Legacy Ekso Business"). On May 29, 2026, our Board of Directors (the "Board") committed to a plan to divest the Legacy Ekso Business and focus operations solely on our Cloud Business, which plan was publicly announced on June 4, 2026. We expect to complete the divestiture of Legacy Ekso during fiscal year 2027. As such, our Legacy Ekso Business has been designated as "held for sale."
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 | $71.6M | $84.4M | $18.3M | $12.9M | $11.2M | $8.9M | $13.9M | $11.3M | $7.4M | $14.2M |
| Cost of revenue | $88.7M | $115.3M | $9.2M | $6.7M | $4.5M | $3.8M | $7.2M | $7.0M | $5.3M | $11.3M |
| Gross profit | $6.8M | $9.5M | $9.1M | $6.2M | $6.7M | $5.1M | $6.8M | $4.3M | $2.1M | $2.9M |
| R&D | $3.0M | $3.9M | $5.0M | $3.6M | $2.5M | $2.5M | $4.6M | $5.8M | $9.5M | $8.9M |
| SG&A | $19.8M | $24.8M | $10.7M | $11.0M | $10.7M | $7.7M | $7.4M | $11.7M | $10.7M | $10.9M |
| Total operating expenses | $109.1M | $139.7M | $24.2M | $21.8M | $20.6M | $18.4M | $23.4M | $31.3M | $33.7M | $30.5M |
| Operating income | -$37.5M | -$55.3M | -$15.1M | -$15.6M | -$13.8M | -$13.3M | -$16.6M | -$27.0M | -$31.6M | -$27.6M |
| Interest expense | $309.0K | $269.0K | $302.0K | $156.0K | $113.0K | $139.0K | $384.0K | $600.0K | $648.0K | $16.0K |
| Pre-tax income | -$49.3M | -$72.7M | -$15.2M | -$15.1M | -$9.8M | -$15.8M | -$12.1M | -$27.0M | -$29.1M | -$23.5M |
| Income tax | $0 | $0 | — | — | — | — | — | — | — | — |
| Net income | -$50.3M | -$72.7M | -$15.2M | -$15.1M | -$9.8M | -$15.8M | -$12.1M | -$27.0M | -$29.1M | -$23.5M |
| EPS, basic | -0.36 | -0.53 | -1.10 | -1.16 | -0.80 | -2.21 | -2.53 | -0.44 | -0.82 | -1.87 |
| EPS, diluted | -0.36 | -0.53 | -1.10 | -1.16 | -0.88 | -2.21 | -2.53 | -0.44 | -0.82 | -2.05 |
| Shares, diluted (wtd. avg.) | 138.7M | 138.2M | 13.9M | 13.0M | 12.3M | 7.2M | 4.8M | 61.2M | 35.6M | 18.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $9.7M | $2.4M | $8.6M | $20.5M | $40.4M | $12.9M | $10.9M | $7.7M | $27.8M | $16.8M |
| Receivables | $12.5M | $3.8M | $5.6M | $4.6M | $4.7M | $3.2M | $5.2M | $3.7M | $2.8M | $1.8M |
| Inventory | $4.8M | $4.6M | $5.0M | $5.2M | $2.2M | $2.0M | $2.5M | $3.4M | $3.0M | $1.6M |
| Total current assets | $44.2M | $6.4M | $20.2M | $31.0M | $47.8M | $18.4M | $18.8M | $15.0M | $34.9M | $20.7M |
| Property, plant and equipment | $32.1M | $10.9M | $2.0M | $2.7M | $991.0K | $1.2M | $1.7M | $2.4M | $2.2M | $2.4M |
| Goodwill | $54.5M | $0 | $431.0K | $431.0K | $0 | $0 | $189.0K | $189.0K | $189.0K | $189.0K |
| Other intangibles | $3.5M | $4.6M | $4.9M | $5.2M | $0 | — | — | — | — | — |
| Total assets | $325.9M | $304.2M | $28.9M | $40.9M | $49.2M | $20.6M | $21.9M | $17.7M | $38.0M | $24.4M |
| Accounts payable | $9.1M | $4.0M | $1.8M | $3.2M | $3.1M | $1.5M | $1.9M | $3.2M | $2.4M | $2.4M |
| Short-term debt | $3.4M | $0 | — | — | $0 | $0 | $2.3M | $2.3M | $2.1M | — |
| Total current liabilities | $86.9M | $157.6M | $8.1M | $9.2M | $6.9M | $5.0M | $7.8M | $10.1M | $9.2M | $6.3M |
| Long-term debt | $474.0K | $12.0M | — | — | $2.0M | $2.0M | $407.0K | $2.6M | $4.8M | $6.8M |
| Total liabilities | $143.8M | $228.0M | $16.3M | $15.5M | $11.9M | $16.2M | $15.1M | $14.9M | $16.6M | $17.9M |
| Retained earnings | -$199.5M | -$149.1M | -$239.1M | -$223.9M | -$208.9M | -$199.1M | -$183.3M | -$171.1M | -$144.2M | -$114.9M |
| Total equity | $180.0M | $76.2M | $148.9M | $25.4M | $37.2M | $4.4M | $6.8M | $2.7M | $21.4M | $6.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $39.1M | -$7.2M | -$12.1M | -$14.7M | -$11.2M | -$8.8M | -$15.8M | -$22.2M | -$31.2M | -$25.0M |
| Depreciation and amortisation | $60.3M | $80.7M | $1.7M | $887.0K | $1.0M | $620.0K | $690.0K | $1.0M | $1.2M | $1.9M |
| Stock-based compensation | $1.3M | -$1.5M | $1.9M | $2.5M | $2.3M | $2.4M | $2.3M | $2.9M | $2.4M | $3.1M |
| Capital expenditure | $26.9M | $1.4M | $157.0K | $194.0K | $59.0K | $0 | $60.0K | $131.0K | $456.0K | $1.1M |
| Investing cash flow | -$25.2M | -$1.4M | -$157.0K | -$5.2M | -$59.0K | $0 | -$60.0K | -$131.0K | -$456.0K | -$1.1M |
| Financing cash flow | -$6.6M | $11.0M | $348.0K | $0 | $38.7M | $10.7M | $19.0M | $2.3M | $42.6M | $23.3M |
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 0001628280-26-058018.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.2M | $7.4M | $11.3M | $13.9M | $8.9M | $11.2M | $12.9M | $18.3M | $84.4M | $71.6M |
| Gross profit | $2.9M | $2.1M | $4.3M | $6.8M | $5.1M | $6.7M | $6.2M | $9.1M | $9.5M | $6.8M |
| Net income | -$23.5M | -$29.1M | -$27.0M | -$12.1M | -$15.8M | -$9.8M | -$15.1M | -$15.2M | -$72.7M | -$50.3M |
Recent filings and events
- 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
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- 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
- 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
- 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
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Change of control Control of the company has changed hands. Item 5.01
- Officer or director change 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
- Other event Item 8.01
- Officer or director change Item 5.02
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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