Nexus Advanced Technologies Inc. (NXAT)
Nexus Advanced Technologies Inc. engages in data centers, AI compute infrastructure, GPU infrastructure, and other technologies business. Nexus Advanced Technologies Inc. was formerly known as K Wave Media Ltd. and changed its name to Nexus Advanced Technologies Inc. in September 2026. Nexus Advanced Technologies Inc. was incorporated in 2023 and is based in George Town, Cayman Islands.
Sector: Services-Allied To Motion Picture Production
Industry: Financial - Conglomerates
Nexus Advanced Technologies Inc.
NASDAQ:NXATFinancial Services · Financial - Conglomerates
-7.30%$0.3541
AH Close$0.3718+5.00%vs close
AH Close$0.3718+5.00%vs close
Mkt Cap$1.15M
Float2.16M
O/S3.24M
Inst Own1.4%
SI1.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$53.88M
Net Income-$141.96M
Total Assets$86.76M
Free Cash Flow-$16.36M
Debt & Equity
Debt 168%
Total Debt$36.29M
Total Equity-$14.71M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:30
Nasdaq bars a compliance period at 1:250
- 1:30Reverse splitAug 3, 202630 shares → 1
Balance Sheet Details
Assets$86.76M
Liabilities$101.67M
Accounts Receivable$6.64M
Accounts Payable$3.96M
Inventory$1.11M
PP&E (Net)$4.87M
Goodwill$41.83M
Intangible Assets$11.85M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $53.88M | $481K | $208K | $0 | $0 | $0 |
| YoY Growth | 11099.6% | 131.5% | - | - | - | - |
| Cost of Revenue | $49.13M | $479K | $206K | $0 | $0 | $0 |
| Gross Profit | $4.75M | $2K | $2K | $0 | $0 | $0 |
| Gross Margin | 8.8% | 0.4% | 0.7% | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $47.75M | $11.74M | $8.92M | $548K | $2K | $926 |
| Other | $302K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $48.06M | $11.74M | $8.92M | $548K | $2K | $926 |
| Operating Income (EBIT) | -$43.31M | -$11.73M | -$8.91M | -$548K | -$2K | -$926 |
| Operating Margin | -80.4% | -2439.2% | -4289.7% | - | - | - |
| Interest Expense | $2.69M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $281K | $0 | $8K | $844K | $0 | $0 |
| Other Income (Expense) | -$99.99M | -$1.02M | $22K | $852K | $0 | $0 |
| Income Before Tax (EBT) | -$143.3M | -$12.76M | -$8.89M | $304K | -$2K | -$926 |
| Income Tax Expense | $300K | $0 | $0 | $135K | $0 | $0 |
| Net Income | -$141.96M | -$12.76M | -$8.89M | $169K | -$2K | -$926 |
| Net Income Margin | -263.5% | -2652.2% | -4279.3% | - | - | - |
| Supplementary Data | ||||||
| EPS | -69.60 | -6.00 | -4.20 | 0.42 | 0.00 | 0.00 |
| Diluted EPS | -69.60 | -6.00 | -4.20 | 0.42 | 0.00 | 0.00 |
| Weighted Average OS | 2.05M | 2.11M | 2.11M | 403,774 | 417,708 | 351,874 |
| EBITDA | -$140.6M | -$11.73M | -$8.85M | -$548K | -$2K | -$926 |
| EBITDA Margin | -261.0% | -2439.2% | -4256.7% | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $5.65M | $2.79M | $2.53M | $878K |
| Short-Term Investments | $522K | $0 | $1.01M | $0 |
| Cash and Short-Term Investments | $6.17M | $3.11M | $3.53M | $878K |
| Accounts Receivable | $6.64M | $912K | $71K | $0 |
| Inventory | $1.11M | $0 | $0 | $0 |
| Other Current Assets | $4.15M | -$131K | $1.38M | $232K |
| Total Current Assets | $18.08M | $3.89M | $5.19M | $1.11M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $4.87M | $65K | $201K | $0 |
| Goodwill | $41.83M | $2.21M | $0 | $0 |
| Intangible Assets | $11.85M | $3.07M | $0 | $0 |
| Long-Term Investments | $4.87M | $2.78M | $1.6M | $95.13M |
| Deferred Tax Assets | $702K | $0 | $0 | $0 |
| Other Long-Term Assets | $4.56M | -$3.52M | $1.78M | $50K |
| Total Long-Term Assets | $68.68M | $4.61M | $3.58M | $95.18M |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $86.76M | $8.49M | $8.78M | $96.29M |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $3.96M | $5.93M | $312K | $0 |
| Short-Term Debt | $28.98M | $965K | $0 | $0 |
| Current Income Tax Payable | $1.13M | $0 | $34K | $0 |
| Current Unearned Revenue | $864K | $0 | $0 | $0 |
| Other Current Liabilities | $1.3M | $422 | $68K | $468K |
| Total Current Liabilities | $74.83M | $6.93M | $2.67M | $604K |
| Long-Term Liabilities | ||||
| Long-Term Debt | $1.8M | $2.67M | $0 | $0 |
| Long-Term Unearned Revenue | $449K | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $87K | $0 | $0 | $0 |
| Other Long-Term Liabilities | $20.17M | $401K | $47K | $3.22M |
| Total Long-Term Liabilities | $26.83M | $3.07M | $99K | $3.22M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $101.67M | $10M | $2.77M | $3.82M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $355 | $0 |
| Common Stock | $6K | $1K | $1K | $94.8M |
| Retained Earnings | -$117.15M | -$21.8M | -$8.93M | -$2.33M |
| Comprehensive Income & Other | -$39.69M | -$251K | $72K | $0 |
| Other Stockholders' Equity | $102.44M | $20.29M | $14.94M | $0 |
| Total Equity | -$14.71M | -$1.51M | $6.01M | $92.47M |
| Minority Interest | -$203K | $0 | $0 | $0 |
| Total Liabilities and Equity | $86.96M | $8.49M | $8.78M | $96.29M |
| Supplementary Data | ||||
| Total Debt | $36.29M | $3.67M | $168K | $0 |
| Net Debt | $30.64M | $3.34M | -$2.36M | -$878K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$143.6M | -$2.39M | -$8.89M | $169K |
| Depreciation & Amortization | $0 | $0 | $69K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $1.74M | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | $0 | $0 | -$70K | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $308K | $0 |
| Other Working Capital | $0 | $0 | -$1.17M | $221K |
| Total Working Capital Change | $0 | $0 | -$935K | $221K |
| Other Non-Cash Items | $136.85M | $472K | $48K | -$852K |
| Net Cash from Operating | -$6.74M | -$1.92M | -$7.97M | -$462K |
| Investing Activities | ||||
| Capital Expenditures | -$79K | -$184K | -$37K | $0 |
| Acquisitions | $351K | $0 | $0 | $0 |
| Purchases of Investments | -$2.18M | -$120K | -$2.59M | -$94.3M |
| Sales of Investments | $1.92M | $225K | $0 | $0 |
| Other Investing Activities | -$11.29M | -$165K | $0 | $0 |
| Net Cash from Investing | -$11.28M | -$243K | -$2.63M | -$94.3M |
| Financing Activities | ||||
| Debt Repaid | -$18.57M | $1.12M | - | - |
| Common Stock Issuance | $972K | $0 | $1K | $96.52M |
| Common Stock Repurchases | -$697K | -$50K | -$120 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | $43K | $0 | -$1.59M | -$880K |
| Net Cash from Financing | $20.9M | -$866K | $13.07M | $95.64M |
| Forex Effect | $28K | $47K | $44K | $0 |
| Net Change in Cash | $2.91M | -$2.98M | -$17M | $878K |
| Supplementary Data | ||||
| Operating Cash Flow | -$6.74M | -$1.92M | -$7.97M | -$462K |
| Capital Expenditure | -$9.62M | -$184K | -$37K | -$5 |
| Free Cash Flow | -$16.36M | -$2.11M | -$8.01M | -$462K |
| Cash at Beginning | $2.86M | $5.78M | $23.63M | $0 |
| Cash at End | $5.77M | $2.79M | $6.63M | $878K |