ScanTech AI Systems Inc. (STAI)
ScanTech AI Systems Inc. specializes in developing advanced technological solutions, including integrated systems, custom software, and artificial intelligence tools, all designed to enhance security at various checkpoints. Their offerings encompass the SENTINEL Computed Tomography (CT), an sophisticated system for inspecting luggage at airport checkpoints and other critical security applications, as well as ALL SECURE, a potent multi-energy platform for cargo screening. The company's clientele spans numerous vital sectors, such as defense and security organizations, the aviation industry, nuclear and energy facilities, port and border control agencies, and the broader cargo and freight transportation sector. Founded in 2011, the firm's principal operations are based in Buford, Georgia.
Sector: Instruments For Meas & Testing of Electricity & Elec Signals
Industry: Information Technology Services
ScanTech AI Systems Inc.
OTC:STAIIndustrials · Security & Protection Services
$0.0100
Mkt Cap$38K
Float1.83M
O/S3.76M
Inst Own-
SI1.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$542K
Net Income-$23.07M
Total Assets$2.15M
Free Cash Flow-$6.62M
Debt & Equity
Total Debt$49.99M
Total Equity-$184.48M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:20
Nasdaq bars a compliance period at 1:250
- 1:20Reverse splitDec 16, 202520 shares → 1
Balance Sheet Details
Assets$2.15M
Liabilities$186.63M
Accounts Receivable$452K
Accounts Payable$4.73M
Inventory$1.43M
PP&E (Net)$51K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $542K | $0 | $0 | $0 |
| YoY Growth | - | - | - | - |
| Cost of Revenue | $448K | $0 | $0 | $0 |
| Gross Profit | $94K | $0 | $0 | $0 |
| Gross Margin | 17.4% | - | - | - |
| Research and Development | $3.4M | $3.24M | $2.89M | $2.55M |
| Selling, General, and Administrative | $5.58M | $6.28M | $1.5M | $1.26M |
| Other | $33K | $37K | $53K | $56K |
| Total Operating Expenses | $9.01M | $9.56M | $4.45M | $3.87M |
| Operating Income (EBIT) | -$8.92M | -$9.56M | -$4.45M | -$3.87M |
| Operating Margin | -1644.8% | - | - | - |
| Interest Expense | $12.36M | $10.25M | $8.68M | $7.03M |
| Interest Income | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$14.15M | -$25.97M | -$10.83M | -$7.89M |
| Income Before Tax (EBT) | -$23.07M | -$35.53M | -$15.28M | -$11.76M |
| Income Tax Expense | $0 | $0 | $0 | $0 |
| Net Income | -$23.07M | -$35.53M | -$15.28M | -$11.76M |
| Net Income Margin | -4254.4% | - | - | - |
| Supplementary Data | ||||
| EPS | -1.18 | -1.82 | -0.78 | -0.60 |
| Diluted EPS | -1.18 | -1.82 | -0.78 | -0.60 |
| Weighted Average OS | 19.58M | 19.58M | 19.58M | 19.58M |
| EBITDA | -$10.67M | -$25.25M | -$6.54M | -$4.67M |
| EBITDA Margin | -1967.8% | - | - | - |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $22K | $333K | $93K | $16K |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $22K | $333K | $93K | $16K |
| Accounts Receivable | $452K | $277K | $399K | $518K |
| Inventory | $1.43M | $250K | $0 | $0 |
| Other Current Assets | $0 | $164K | $163K | $163K |
| Total Current Assets | $2.07M | $1.27M | $687K | $729K |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $51K | $82K | $113K | $112K |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $36K | $0 | $0 | $0 |
| Total Long-Term Assets | $88K | $82K | $113K | $112K |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $2.15M | $1.35M | $801K | $841K |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $4.73M | $3.17M | $2.14M | $2.19M |
| Short-Term Debt | $49.99M | $43.65M | $28.28M | $27.76M |
| Current Income Tax Payable | $6.23M | $5.42M | $4.63M | $3.68M |
| Current Unearned Revenue | $1.62M | $1.02M | $0 | $0 |
| Other Current Liabilities | $26.26M | $24.56M | $9.23M | $7.53M |
| Total Current Liabilities | $157.73M | $133.85M | $91K | $71.82M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $0 | $0 | $6.62M | $3.08M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $28.9M | $26.69M | $24.65M | $22.77M |
| Total Long-Term Liabilities | $28.9M | $26.69M | $31.27M | $25.86M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $186.63M | $160.53M | $122.46M | $97.68M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $0 | $0 | $0 |
| Retained Earnings | -$184.48M | -$159.18M | -$121.62M | -$96.84M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | -$40K | $0 |
| Total Equity | -$184.48M | -$159.18M | -$121.66M | -$96.84M |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.15M | $1.35M | $801K | $841K |
| Supplementary Data | ||||
| Total Debt | $49.99M | $43.65M | $34.91M | $30.86M |
| Net Debt | $49.97M | $43.31M | $34.81M | $30.84M |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | ||||
| Net Income | -$23.07M | -$35.53M | -$15.28M | -$11.76M |
| Depreciation & Amortization | $33K | $37K | $53K | $56K |
| Deferred Income Tax | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $38K | $99K | $17K | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | $112K | $122K | $120K | -$91K |
| Inventory | -$1.18M | -$250K | $0 | $0 |
| Accounts Payable | $1.56M | $1.03M | $43K | $126K |
| Other Working Capital | $14.23M | $13.19M | $9.07M | $7.99M |
| Total Working Capital Change | $14.72M | $14.09M | $9.23M | $8.02M |
| Other Non-Cash Items | $1.65M | $15.87M | $2.3M | $1.02M |
| Net Cash from Operating | -$6.62M | -$5.43M | -$3.68M | -$2.66M |
| Investing Activities | ||||
| Capital Expenditures | -$2K | -$5K | -$54K | -$27K |
| Acquisitions | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$2K | -$5K | -$54K | -$27K |
| Financing Activities | ||||
| Debt Repaid | -$6.4M | -$5.69M | -$3.82M | -$2.7M |
| Common Stock Issuance | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$4K | -$10K | -$6K | -$4K |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$81K | $0 | $0 | $0 |
| Net Cash from Financing | $6.31M | $5.68M | $3.81M | $2.7M |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$311K | $240K | $77K | $11K |
| Supplementary Data | ||||
| Operating Cash Flow | -$6.62M | -$5.43M | -$3.68M | -$2.66M |
| Capital Expenditure | -$2K | -$5K | -$54K | -$27K |
| Free Cash Flow | -$6.62M | -$5.44M | -$3.73M | -$2.69M |
| Cash at Beginning | $333K | $93K | $16K | $5K |
| Cash at End | $22K | $333K | $93K | $16K |