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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | $0 | $62.7K | $520.6K | $808.4K | $2.4M |
| Gross profit | — | — | $0 | $20.3K | $60.8K | $387.1K | $152.9K | $530.7K |
| Net income | — | $0 | -$109.4K | -$95.0K | -$2.9M | -$10.1M | -$6.9M | -$36.8M |
Recent filings and events
- 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
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Material agreement signed Item 1.01
- Material agreement signed Item 1.01
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- 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
- Material agreement signed Item 1.01
- Material agreement signed Item 1.01
- Material agreement signed Item 1.01
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.
Others in SIC 2800
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SOLS | Solstice Advanced Materials Inc. | $9.44B | 39.9x | 3.1% |
| BCPC | BALCHEM CORP | $5.64B | 37.3x | 8.8% |
| PRM | Perimeter Solutions, Inc. | $4.55B | — | 16.4% |
| IOSP | INNOSPEC INC. | $2.43B | 21.1x | -3.7% |
| NGVT | Ingevity Corp | $2.39B | — | -2.7% |
| CC | Chemours Co | $1.93B | — | 0.4% |
| OLN | OLIN Corp | $1.78B | — | 3.7% |
| HUN | Huntsman CORP | $1.54B | — | -5.8% |