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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Net income | — | -$437.0K | -$4.5M | -$9.1M |
Recent filings and events
- 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
- 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 The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement signed 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
- 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
- Other event 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
- Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Delisting notice Item 3.01
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.
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