CONX Corp. (CNXX)
CONX Corp. is involved in the operation of real estate property. It operates through two segments: Technology & Telecommunications, Infrastructure & Real Estate. The company also provides cloud - based solutions and operated 5G connectivity solutions. In addition, it offers citizens broadband radio service, television white space. CONX Corp. was incorporated in 2020 and is based in Littleton, Colorado.
Sector: Real Estate - Services
Industry: Real Estate - Services
CONX Corp.
OTC:CNXXFinancial Services · Shell Companies
-6.67%$5.60
Mkt Cap$120.11M
Float149K
O/S21.45M
Inst Own-
SI4.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$21K
Net Income$2.67M
Total Assets$198.03M
Free Cash Flow-$31.67M
Debt & Equity
Debt 107%
Total Debt$200.6M
Total Equity-$13.1M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CNXX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$198.03M
Liabilities$211.13M
Accounts Receivable$180K
Accounts Payable$921K
Inventory$0
PP&E (Net)$22.75M
Goodwill$0
Intangible Assets$18.11M
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $21K | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $21K | $0 | $0 | $0 | $0 |
| Gross Margin | 100.0% | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $5.17M | $1.18M | $889K | $555K | $162K |
| Other | $413K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $5.58M | $1.18M | $889K | $555K | $162K |
| Operating Income (EBIT) | -$5.56M | -$1.18M | -$889K | -$555K | -$162K |
| Operating Margin | -26354.9% | - | - | - | - |
| Interest Expense | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $6.18M | $267K | $4.94M | $75K | $5K |
| Other Income (Expense) | $8.27M | -$4.75M | $26.3M | $19.93M | $2.28M |
| Income Before Tax (EBT) | $2.71M | -$5.93M | $25.41M | $19.37M | $2.12M |
| Income Tax Expense | $36K | $65K | $1.21M | $18K | $1K |
| Net Income | $2.67M | -$5.99M | $24.19M | $19.36M | $2.12M |
| Net Income Margin | 12684.2% | - | - | - | - |
| Supplementary Data | |||||
| EPS | 0.11 | -0.25 | 0.29 | 0.21 | 0.02 |
| Diluted EPS | 0.10 | -0.25 | 0.29 | 0.21 | 0.02 |
| Weighted Average OS | 25.20M | 23.80M | 82.98M | 93.77M | 93.76M |
| EBITDA | -$4.94M | -$1.18M | -$889K | -$555K | $2.12M |
| EBITDA Margin | -23404.9% | - | - | - | - |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | |||||
| Current Assets | |||||
| Cash and Cash Equivalents | $117.52M | $8K | $1.4M | $750K | $1.21M |
| Short-Term Investments | $2.49M | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $120.01M | $8K | $1.4M | $750K | $1.21M |
| Accounts Receivable | $180K | $0 | $0 | $4K | $4K |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $120.56M | $17K | $1.42M | $824K | $1.24M |
| Long-Term Assets | |||||
| Property, Plant & Equipment Net | $22.75M | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $18.11M | $0 | $0 | $0 | $0 |
| Long-Term Investments | $35.56M | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $1.04M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$1 | $21.97M | $84.24M | $750.08M | $750.01M |
| Total Long-Term Assets | $77.47M | $21.97M | $84.24M | $750.08M | $750.01M |
| Other Assets | $1 | $0 | $0 | $0 | $0 |
| Total Assets | $198.03M | $21.98M | $85.66M | $750.9M | $751.24M |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | $921K | $77K | $19K | $0 | $113K |
| Short-Term Debt | $68K | $2.11M | $334K | $0 | $0 |
| Current Income Tax Payable | $0 | $70K | $1.21M | $13K | $1K |
| Current Unearned Revenue | $229K | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $143K | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $1.38M | $3.99M | $2.14M | $299K | $139K |
| Long-Term Liabilities | |||||
| Long-Term Debt | $200.53M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $2.18M | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $7.04M | $36.06M | $31.04M | $52.4M | $72.25M |
| Total Long-Term Liabilities | $209.75M | $36.06M | $31.04M | $52.4M | $72.25M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $211.13M | $40.05M | $33.17M | $52.7M | $72.39M |
| Stockholders' Equity | |||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2K | $21.97M | $84.25M | $750M | $750M |
| Retained Earnings | -$13.13M | -$40.03M | -$31.76M | -$51.79M | -$71.15M |
| Comprehensive Income & Other | $13K | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $25K | $0 | $0 | $0 | $0 |
| Total Equity | -$13.1M | -$18.06M | $52.49M | $698.21M | $678.85M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $198.03M | $21.98M | $85.66M | $750.9M | $751.24M |
| Supplementary Data | |||||
| Total Debt | $200.6M | $2.11M | $334K | $0 | $0 |
| Net Debt | $83.08M | $2.1M | -$1.06M | -$750K | -$1.21M |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | |||||
| Net Income | $2.67M | -$5.99M | $24.19M | $19.36M | $2.12M |
| Depreciation & Amortization | $622K | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $13K | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||
| Accounts Receivable | $1K | $0 | $4K | $0 | -$4K |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $537K | $58K | $19K | -$113K | $0 |
| Other Working Capital | -$2.5M | -$603K | $1.53M | $225K | $52K |
| Total Working Capital Change | -$1.96M | -$545K | $1.55M | $112K | $48K |
| Other Non-Cash Items | -$6.26M | $4.75M | -$26.3M | -$19.93M | -$2.28M |
| Net Cash from Operating | -$4.91M | -$1.79M | -$547K | -$461K | -$115K |
| Investing Activities | |||||
| Capital Expenditures | -$26.75M | $0 | $0 | $0 | $0 |
| Acquisitions | -$10.52M | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$45.99M | $0 | $0 | $0 | -$750M |
| Sales of Investments | $5.87M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $22.29M | $62.54M | $670.77M | $0 | $0 |
| Net Cash from Investing | -$55.11M | $62.54M | $670.77M | $0 | -$750M |
| Financing Activities | |||||
| Debt Repaid | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $751.33M |
| Common Stock Repurchases | -$20.58M | -$63.92M | -$669.91M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $229K | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $177.54M | -$62.14M | -$669.58M | $0 | $751.33M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $117.51M | -$1.39M | $647K | -$461K | $1.21M |
| Supplementary Data | |||||
| Operating Cash Flow | -$4.91M | -$1.79M | -$547K | -$461K | -$115K |
| Capital Expenditure | -$26.75M | $0 | $0 | $0 | $3 |
| Free Cash Flow | -$31.67M | -$1.79M | -$547K | -$461K | -$115K |
| Cash at Beginning | $8K | $1.4M | $750K | $1.21M | $0 |
| Cash at End | $117.52M | $8K | $1.4M | $750K | $1.21M |