Rain Enhancement Technologies Holdco, Inc. RAIN
Enhancement Technologies, Inc. ("RET") was founded to provide the world with reliable access to water, one of life's
most important resources. To achieve this mission, RET aims to develop, manufacture and commercialize atmospheric enhancement by ionization
("AEI") technology. RET was incorporated in Delaware on November 10, 2022, and was later converted into a Massachusetts corporation
on April 8, 2024. As described in more detail in the Company's Annual Report for fiscal year 2024, RET is a wholly-owned subsidiary
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| R&D | $62.0K | — | — | — |
| SG&A | $7.6M | $4.5M | $397.2K | — |
| Operating income | -$8.1M | -$4.5M | -$410.1K | — |
| Interest expense | $284.5K | $30.2K | — | — |
| Pre-tax income | -$9.1M | — | — | — |
| Income tax | $912 | — | — | — |
| Net income | -$9.1M | -$4.5M | -$437.0K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $213.7K | $32.6K | $37.3K | $100.0K |
| Total current assets | $656.8K | $769.9K | $45.5K | — |
| Property, plant and equipment | $407.1K | $0 | $368.2K | — |
| Other intangibles | $80.8K | $92.4K | $104.1K | — |
| Total assets | $1.8M | $1.3M | $517.8K | — |
| Accounts payable | $1.6M | $1.9M | $505.4K | — |
| Total current liabilities | $9.0M | $6.2M | $1.2M | — |
| Long-term debt | — | $839.0K | — | — |
| Total liabilities | $9.5M | $6.6M | $1.2M | — |
| Retained earnings | -$15.3M | -$6.3M | -$1.7M | — |
| Total equity | -$7.7M | -$5.3M | -$636.9K | — |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$2.0M | -$1.3M | -$238.1K | — |
| Depreciation and amortisation | $6.9K | — | — | — |
| Stock-based compensation | $1.6M | $2.8M | $3.8K | — |
| Capital expenditure | $987.8K | $45.8K | $264.2K | — |
| Investing cash flow | -$987.8K | -$45.8K | -$264.2K | — |
| Financing cash flow | $3.1M | $1.4M | $439.6K | — |
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 0001213900-26-044121.
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