CitroTech Inc. CITR
"us," or the "Company") is an environmentally sustainable specialty chemical company focused on fire inhibitor
products serving the wildland fire, residential home protection, and wood products industries across the United States and Canada. Our
fire inhibitor formulations are also sold into the lumber and building materials industry for fire retardant treatment applications. CitroTech
Inc. was originally incorporated under the laws of the State of Nevada on March 14, 1990 and on June 3, 2021 was redomiciled to the State
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.4M | $808.4K | $520.6K | $62.7K | $0 | — | — | — |
| Cost of revenue | $1.9M | $655.5K | $182.7K | $56.3K | $18.6K | $0 | — | — |
| Gross profit | $530.7K | $152.9K | $387.1K | $60.8K | $20.3K | $0 | — | — |
| R&D | $198.5K | $14.0K | $0 | — | — | — | — | — |
| SG&A | $1.6M | $498.4K | $256.6K | $256.7K | $3.7K | $0 | — | — |
| Total operating expenses | $18.9M | $6.1M | $10.6M | $3.0M | $58.2K | $109.4K | $0 | — |
| Operating income | -$16.5M | -$5.3M | -$10.1M | -$2.9M | -$37.9K | -$109.4K | — | — |
| Interest expense | $1.5M | $257.8K | $4.3K | $255 | $1.5K | $0 | — | — |
| Pre-tax income | -$36.8M | -$6.9M | -$10.1M | -$2.9M | -$45.0K | -$109.4K | $0 | — |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Net income | -$36.8M | -$6.9M | -$10.1M | -$2.9M | -$95.0K | -$109.4K | $0 | — |
| EPS, basic | -2.96 | -0.82 | -0.10 | -0.05 | 0.00 | 0.00 | — | — |
| EPS, diluted | -2.96 | -0.82 | -0.10 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Shares, diluted (wtd. avg.) | $12.4M | $8.4M | $96.7M | $62.3M | $22.9M | $22.9M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $6.3M | $775.1K | $549.8K | $55.4K | $5.5K | $0 | $0 | $0 |
| Receivables | $209.0K | $317.5K | $427.4K | $0 | — | — | — | — |
| Inventory | $620.8K | $324.7K | $230.2K | $114.6K | $0 | — | — | — |
| Total current assets | $7.4M | $1.6M | $1.2M | $170.3K | $5.5K | $0 | $0 | — |
| Property, plant and equipment | $630.3K | $111.4K | $7.3K | $4.5K | $291.4K | $0 | — | — |
| Goodwill | — | — | — | — | — | $53.0K | — | — |
| Other intangibles | $5.3M | $3.7M | $3.9M | $4.2M | $33.3K | — | — | — |
| Total assets | $14.2M | $5.5M | $5.3M | $4.4M | $81 | $0 | $0 | — |
| Accounts payable | $316.3K | $187.0K | $54.6K | $87.4K | $10.7K | $0 | — | — |
| Short-term debt | — | $96.8K | $0 | — | — | — | — | — |
| Total current liabilities | $2.2M | $2.2M | $1.6M | $1.1M | $383.1K | $9.4K | $0 | — |
| Total liabilities | $2.9M | $2.2M | $1.7M | $1.1M | $383.1K | $9.4K | $0 | — |
| Retained earnings | -$113.2M | -$76.4M | -$69.5M | -$59.4M | -$56.5M | -$56.4M | -$56.3M | — |
| Total equity | $11.3M | $3.3M | $3.6M | $3.3M | -$52.9K | -$9.4K | $0 | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.9M | -$1.9M | -$1.2M | -$708.5K | -$24.2K | $0 | $0 | — |
| Depreciation and amortisation | $81.4K | $16.1K | $1.3K | $15.9K | $0 | — | — | — |
| Stock-based compensation | $19.1M | $3.1M | $9.0M | $2.1M | $0 | $100.0K | $0 | — |
| Capital expenditure | $194.0K | $0 | $4.0K | $5.3K | $0 | — | — | — |
| Investing cash flow | -$294.0K | $0 | -$4.0K | -$5.3K | -$287.1K | $0 | — | — |
| Financing cash flow | $11.7M | $2.2M | $1.7M | $763.8K | $316.8K | $0 | — | — |
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 0001683168-26-003464.
Others in SIC 2800
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SOLS | Solstice Advanced Materials Inc. | $10.12B | 42.8x | 3.1% |
| PRM | Perimeter Solutions, Inc. | $5.20B | — | 16.4% |
| NGVT | Ingevity Corp | $2.43B | — | -2.7% |
| IOSP | INNOSPEC INC. | $2.31B | 20.1x | -3.7% |
| CC | Chemours Co | $2.30B | — | 0.4% |
| OLN | OLIN Corp | $1.98B | — | 3.7% |
| HUN | Huntsman CORP | $1.69B | — | -5.8% |
| FMC | FMC CORP | $1.62B | — | -18.3% |