MicroCloud Hologram Inc. HOLO
On September 16, 2022, we consummated the previously announced business combination pursuant to the Merger Agreement, by and among Golden Path, Golden Path Merger Sub, and MC. Pursuant to the Merger Agreement, MC merged with Golden Path Merger Sub, survived the merger and continued as the surviving company and a wholly owned subsidiary of Golden Path (the "Merger", and, collectively with the other transactions described in the Merger Agreement, the "Business Combination"). Upon the closing of the Business Combination, Golden Path changed its name to MicroCloud Hologram Inc.
Our ordinary shares and warrants are listed on the Nasdaq Stock Market LLC (the "Nasdaq") under the symbols "HOLO" and "HOLOW," respectively.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Holographic Technology Service
- Holographic Solutions
| Segment | FY2022 | FY2021 |
|---|---|---|
| Holographic Technology Service | $49.6M | $35.6M |
| Holographic Solutions | $22.9M | $20.7M |
As the company reported it, from the “Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $56.5M | $40.8M | $28.9M | $72.5M | $56.3M | — | — |
| Cost of revenue | $44.5M | $31.6M | $18.3M | $39.3M | $17.0M | — | — |
| Gross profit | $12.0M | $9.2M | $10.5M | $33.2M | $39.2M | — | — |
| R&D | $8.0M | $24.5M | $11.2M | $49.2M | $22.8M | — | — |
| SG&A | $2.7M | $3.3M | $9.3M | $3.4M | $3.1M | $0 | — |
| Total operating expenses | $11.7M | $28.6M | $21.5M | $54.4M | $26.9M | $32.3K | — |
| Operating income | $364.6K | -$19.4M | -$10.9M | -$21.2M | $12.4M | — | — |
| Interest expense | — | — | — | — | $50.0K | — | — |
| Pre-tax income | -$7.0M | -$8.7M | -$12.2M | -$20.4M | $12.6M | -$32.3K | — |
| Income tax | — | $356.5K | $587.4K | $122.8K | $124.7K | $0 | — |
| Net income | -$7.0M | -$9.0M | -$11.6M | -$20.3M | $12.8M | -$32.3K | — |
| EPS, basic | -0.56 | -0.71 | -5.33 | — | — | — | — |
| EPS, diluted | -0.56 | -0.71 | -5.33 | — | 1,454,000.00 | — | — |
| Shares, diluted (wtd. avg.) | 13.2M | 319,503 | 6,552 | 100,358 | 13.2M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $262.3M | $118.5M | $17.8M | $21.9M | $7.5M | $4.8M | $100 |
| Short-term investments | $127.9M | $100.9M | — | — | — | — | — |
| Receivables | $3.2M | $3.3M | $1.4M | $11.7M | $10.7M | — | — |
| Inventory | $16.8K | $106.5K | $194.0K | $254.9K | $302.2K | — | — |
| Total current assets | $395.0M | $224.1M | $21.5M | $34.7M | $20.7M | $18.1K | — |
| Property, plant and equipment | $69.9K | $81.2K | $225.6K | $238.9K | $46.2K | — | — |
| Goodwill | — | — | — | $3.1M | $3.3M | — | — |
| Other intangibles | — | — | — | $2.2M | $3.4M | — | — |
| Total assets | $395.3M | $224.7M | $22.7M | $40.9M | $27.8M | $47.7K | — |
| Accounts payable | $3.0M | $1.9M | $185.6K | $8.9M | $7.4M | — | — |
| Total current liabilities | $11.8M | $4.3M | $2.4M | $11.8M | $9.9M | $87.3K | — |
| Total liabilities | $11.8M | $4.4M | $2.7M | $12.4M | $10.2M | $87.3K | — |
| Retained earnings | -$37.4M | -$29.5M | -$20.7M | -$9.1M | $11.6M | -$39.7K | — |
| Total equity | $382.8M | $220.2M | $19.9M | $28.5M | $17.6M | $4.9M | -$7.4K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.9M | -$13.8M | -$3.9M | -$20.0M | $16.2M | -$32.3K | — |
| Depreciation and amortisation | $28.9K | $114.9K | $114.6K | $69.1K | $45.7K | — | — |
| Stock-based compensation | — | $133.8K | $4.6M | — | — | — | — |
| Capital expenditure | $14.0K | $1.7K | $109.9K | $270.8K | $21.3K | — | — |
| Investing cash flow | -$40.7M | -$95.0M | -$195.1K | $1.7M | -$13.2M | $0 | — |
| Financing cash flow | $176.4M | $209.6M | $312.8K | $33.3M | -$204.2K | $50.3K | — |
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 0001829126-26-002773.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | $56.3M | $72.5M | $28.9M | $40.8M | $56.5M |
| Gross profit | — | — | $39.2M | $33.2M | $10.5M | $9.2M | $12.0M |
| Net income | — | -$32.3K | $12.8M | -$20.3M | -$11.6M | -$9.0M | -$7.0M |
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