SETO HOLDINGS INC (SETO)
SETO Holdings, Inc. is an emerging enterprise primarily focused on providing healthcare services. In the United States, its Health division delivers a variety of medical services across the Mid-Atlantic region. The company is currently engaged in establishing a surgical center in Maryland and plans to open four new diabetes clinics by utilizing its existing sites and collaborating with other health professionals. Complementing its general health offerings, SETO Holdings also operates a Hearing Care Group, which manages fifteen specialized clinics offering audiology services throughout the Mid-Atlantic. Furthermore, the company is involved in a significant international initiative, assisting in the development of a hospital facility in India. SETO Holdings was established in 2004 and is headquartered in Hanover, Maryland.
Sector: Metalworkg Machinery & Equipment
Industry: Medical - Care Facilities
SETO Holdings, Inc.
OTC:SETOHealthcare · Medical - Care Facilities
+23.60%$0.0110
Mkt Cap$87K
Float-
O/S7.94M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$659K
Net Income-$412K
Total Assets$4.07M
Free Cash Flow-$51K
Debt & Equity
Debt 5%
Equity 95%
Preferred 0%
Total Debt$210K
Total Equity$3.69M
Preferred Stock$76
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SETO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.07M
Liabilities$381K
Accounts Receivable$405K
Accounts Payable$148K
Inventory$148K
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2017 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2017-12-31 | 2004-01-31 | 2003-01-31 | 2002-01-31 | 2001-01-31 | 2000-01-31 | 1999-01-31 |
| Revenue | $659K | $0 | $4.52M | $3.9M | $7.36M | $3.6M | $4.94M | $3.56M | $2.65M |
| YoY Growth | - | - | 15.9% | -47.1% | 104.4% | -27.1% | 38.8% | 34.5% | - |
| Cost of Revenue | $435K | $0 | $744K | $1.7M | $3.6M | $1.46M | $2.82M | $1.81M | $1.04M |
| Gross Profit | $224K | $0 | $3.77M | $2.2M | $3.76M | $2.14M | $2.12M | $1.75M | $1.61M |
| Gross Margin | 34.0% | - | 83.5% | 56.3% | 51.1% | 59.5% | 42.9% | 49.1% | 60.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $636K | $73M | $3.76M | $1.99M | $2.02M | $1.67M | $1.82M | $1.66M | $1.17M |
| Other | $0 | $0 | $0 | $165K | $149K | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $636K | $73M | $3.76M | $2.16M | $2.17M | $1.67M | $1.82M | $1.63M | $1.17M |
| Operating Income (EBIT) | -$412K | -$73M | $16K | $37K | $1.59M | $473K | $297K | $119K | $438K |
| Operating Margin | -62.5% | - | 0.4% | 0.9% | 21.6% | 13.1% | 6.0% | 3.3% | 16.5% |
| Interest Expense | $0 | $0 | $0 | $19K | $101K | $87K | $153K | $178K | $54K |
| Interest Income | $0 | $0 | $0 | $12K | $33K | $20K | $14K | $6K | $0 |
| Other Income (Expense) | $0 | $0 | $0 | -$414K | -$69K | -$77K | -$142K | -$112K | -$315K |
| Income Before Tax (EBT) | -$412K | -$73M | $16K | -$377K | $1.52M | $395K | $155K | $6K | $123K |
| Income Tax Expense | $0 | $0 | $0 | $46K | $45K | -$85K | $45K | $10K | -$110K |
| Net Income | -$412K | -$73M | $16K | -$461K | $438K | $522K | -$795K | $86K | $1.25M |
| Net Income Margin | -62.5% | - | 0.4% | -11.8% | 5.9% | 14.5% | -16.1% | 2.4% | 47.2% |
| Supplementary Data | |||||||||
| EPS | -0.00 | -0.72 | 0.00 | -0.03 | 0.03 | 0.04 | -0.04 | 0.01 | 0.12 |
| Diluted EPS | -0.00 | -0.72 | 0.00 | -0.03 | 0.03 | 0.04 | -0.04 | 0.00 | 0.07 |
| Weighted Average OS | 118.47M | 100.82M | 12.47M | 13.55M | 14.48M | 14.56M | 19.37M | 12.03M | 10.30M |
| EBITDA | -$412K | -$73M | $16K | $220K | $1.74M | $646K | $432K | $271K | $488K |
| EBITDA Margin | -62.5% | - | 0.4% | 5.6% | 23.6% | 17.9% | 8.7% | 7.6% | 18.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2017 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2017-12-31 | 2004-01-31 | 2003-01-31 | 2002-01-31 | 2001-01-31 | 2000-01-31 | 1999-01-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $15K | $0 | $0 | $147K | $508K | $543K | $743K | $363K | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $15K | $0 | $0 | $147K | $508K | $543K | $743K | $363K | $66K |
| Accounts Receivable | $405K | $0 | $0 | $559K | $1.28M | $1.23M | $858K | $3.51M | $388K |
| Inventory | $148K | $0 | $0 | $866K | $900K | $860K | $949K | $2.4M | $761K |
| Other Current Assets | $0 | $0 | $379K | $81K | $471K | $143K | $114K | $541K | $142K |
| Total Current Assets | $568K | $0 | $379K | $1.66M | $3.19M | $2.87M | $2.82M | $6.82M | $1.36M |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $758K | $587K | $711K | $752K | $4.19M | $580K |
| Goodwill | $0 | $0 | $0 | $85K | $85K | $0 | $0 | $0 | $116K |
| Intangible Assets | $0 | $0 | $0 | $230K | $290K | $774K | $834K | $2.21M | $0 |
| Long-Term Investments | $3.5M | $0 | $0 | $6K | $0 | $0 | $0 | $0 | $26K |
| Deferred Tax Assets | $0 | $0 | $0 | $304K | $170K | $287K | $221K | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $6K | $51K | $7K | $264K | $0 |
| Total Long-Term Assets | $3.5M | $0 | $0 | $1.38M | $1.14M | $1.82M | $1.81M | $6.66M | $722K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.07M | $0 | $379K | $3.04M | $4.33M | $4.69M | $4.63M | $13.48M | $2.08M |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $148K | $2K | $96K | $190K | $102K | $347K | $792K | $1.76M | $267K |
| Short-Term Debt | $0 | $0 | $0 | $407K | $587K | $1.13M | $1.11M | $2.46M | $480K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $152K | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $23K | $0 | $64K | $0 | $0 | $0 | $0 | $1.06M | $45K |
| Total Current Liabilities | $171K | $2K | $160K | $648K | $1.06M | $1.7M | $2.23M | $5.43M | $792K |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $210K | $0 | $367K | $35K | $20K | $45K | $122K | $1.24M | $223K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $41K | $131K | $0 |
| Other Long-Term Liabilities | $0 | -$2K | $0 | $30K | $29K | $108K | $17K | $11K | -$212K |
| Total Long-Term Liabilities | $210K | -$2K | $367K | $65K | $49K | $153K | $180K | $1.38M | $11K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $381K | $0 | $527K | $713K | $1.11M | $1.85M | $2.41M | $6.82M | $803K |
| Stockholders' Equity | |||||||||
| Preferred Stock | $76 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $10.08M | $10.08M | $0 | $13K | $15K | $15K | $14K | $18K | $11K |
| Retained Earnings | -$77.73M | -$77.29M | $0 | -$1.76M | -$1.3M | -$1.53M | -$1.95M | -$1.29M | -$1.38M |
| Comprehensive Income & Other | $0 | $0 | $0 | -$151K | -$151K | -$151K | -$219K | -$199K | -$119K |
| Other Stockholders' Equity | $71.34M | - | -$147K | $4.08M | $4.51M | $4.35M | $4.16M | $7.94M | $2.65M |
| Total Equity | $3.69M | $0 | -$147K | $2.33M | $3.23M | $2.84M | $2.22M | $6.67M | $1.28M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.07M | $0 | $380K | $3.04M | $4.33M | $4.69M | $4.63M | $13.48M | $2.08M |
| Supplementary Data | |||||||||
| Total Debt | $210K | $0 | $367K | $442K | $607K | $1.18M | $1.23M | $3.7M | $703K |
| Net Debt | $195K | $0 | $367K | $295K | $99K | $633K | $488K | $3.34M | $703K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2017 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2017-12-31 | 2004-01-31 | 2003-01-31 | 2002-01-31 | 2001-01-31 | 2000-01-31 | 1999-01-31 |
| Operating Activities | |||||||||
| Net Income | -$412K | -$73M | $16K | -$424K | $1.48M | $560K | $110K | -$4K | $233K |
| Depreciation & Amortization | $0 | $0 | $0 | $257K | $151K | $173K | $135K | $76K | $51K |
| Deferred Income Tax | $0 | $0 | $0 | $35K | $10K | -$95K | $0 | -$11K | $0 |
| Stock-Based Compensation | $0 | $73M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | $68K | $0 | -$23K | $327K | -$176K | -$249K | -$60K | -$534K | -$85K |
| Inventory | -$15K | $0 | $0 | $34K | -$41K | -$61K | -$124K | -$179K | -$382K |
| Accounts Payable | $0 | $0 | -$6K | -$230K | $151K | -$157K | -$318K | -$377K | $190K |
| Other Working Capital | $151K | $0 | $0 | $24K | -$69K | -$1K | -$9K | $1.23M | -$81K |
| Total Working Capital Change | $204K | $0 | -$29K | $155K | -$134K | -$468K | -$511K | $143K | -$358K |
| Other Non-Cash Items | $158K | $0 | $0 | $323K | -$136K | $41K | -$539K | $92K | $6K |
| Net Cash from Operating | -$51K | $0 | -$13K | $346K | $1.37M | $212K | -$804K | $296K | -$69K |
| Investing Activities | |||||||||
| Capital Expenditures | $0 | $0 | $0 | -$156K | -$425K | -$202K | -$182K | -$164K | -$341K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $46K | $3K | $1K | $0 | $308K | -$11K |
| Net Cash from Investing | $0 | $0 | $0 | -$110K | -$422K | -$200K | -$182K | $144K | -$352K |
| Financing Activities | |||||||||
| Debt Repaid | -$61K | - | - | $69K | $66K | $65K | -$478K | $450K | -$247K |
| Common Stock Issuance | $5K | $0 | $0 | $0 | $0 | $0 | $759K | $90K | $120K |
| Common Stock Repurchases | $0 | $0 | $0 | -$433K | -$50K | -$3K | $0 | $0 | -$15K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $4K | $53K | $0 | $0 | $0 | $290K | $0 |
| Net Cash from Financing | $66K | $0 | $4K | -$597K | -$619K | -$68K | $1.24M | -$70K | $352K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | -$20K | -$80K | $0 |
| Net Change in Cash | $15K | $0 | -$156K | -$362K | $326K | -$56K | $250K | $290K | $0 |
| Supplementary Data | |||||||||
| Operating Cash Flow | -$51K | $0 | -$13K | $346K | $1.37M | $212K | -$804K | $296K | -$69K |
| Capital Expenditure | -$3 | $0 | $0 | -$156K | -$425K | -$202K | -$182K | -$164K | -$341K |
| Free Cash Flow | -$51K | $0 | -$13K | $190K | $943K | $10K | -$987K | $132K | -$411K |
| Cash at Beginning | $0 | $0 | $147K | $508K | $182K | $599K | $350K | $66K | $0 |
| Cash at End | $15K | $0 | -$9K | $147K | $508K | $543K | $599K | $356K | $0 |