Tectonic Metals Inc. (TETOF)
Tectonic Metals Inc., established in 2017, specializes in identifying, acquiring, and evaluating mineral properties. Operating across both the United States and Canada, the company's primary focus lies in the exploration for gold deposits. Its corporate headquarters are situated in Vancouver, Canada.
Industry: Gold
Tectonic Metals Inc.
OTC:TETOFBasic Materials · Gold
-1.67%$1.06
Mkt Cap$145.63M
Float132.42M
O/S137.12M
Inst Own-
SI0.2%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$16.45M
Total Assets$10.83M
Free Cash Flow-$14.94M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$10.03M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:10
Nasdaq bars a compliance period at 1:250
- 1:10Reverse splitMay 20, 202510 shares → 1
Balance Sheet Details
Assets$10.83M
Liabilities$800K
Accounts Receivable$27K
Accounts Payable$322K
Inventory$0
PP&E (Net)$397K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | 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 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $44K | $3K | $11K | $26K | $31K | $28K | $25K | $0 | $0 |
| Gross Profit | -$44K | -$3K | -$11K | -$26K | -$31K | -$28K | -$25K | $0 | $0 |
| Gross Margin | - | - | - | - | - | - | - | - | - |
| Research and Development | $450K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.11M | $3K | $6.58M | $1.18M | $1.35M | $1.39M | $1.43M | $364K | $601K |
| Other | $13.98M | $0 | $0 | $1.48M | $5.18M | $2.34M | $2.51M | $0 | $0 |
| Total Operating Expenses | $16.53M | $3K | $6.58M | $2.65M | $6.52M | $3.73M | $3.94M | $2.8M | $605K |
| Operating Income (EBIT) | -$16.58M | -$3.4M | -$6.58M | -$2.54M | -$6.48M | -$3.76M | -$3.97M | -$2.8M | -$601K |
| Operating Margin | - | - | - | - | - | - | - | - | - |
| Interest Expense | $0 | $0 | $148 | $2K | $4K | $3K | $1K | $0 | $0 |
| Interest Income | $140K | $19 | $23K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $127K | -$230K | -$263K | -$312K | -$209K | -$79K | -$193K | -$10K | -$4K |
| Income Before Tax (EBT) | -$16.45M | -$4K | -$6.84M | -$2.86M | -$6.69M | -$3.84M | -$4.16M | -$2.81M | -$605K |
| Income Tax Expense | $0 | $0 | $0 | $2K | $0 | $0 | $1K | $0 | $0 |
| Net Income | -$16.45M | -$4K | -$6.84M | -$2.86M | -$6.69M | -$3.84M | -$4.16M | -$2.81M | -$605K |
| Net Income Margin | - | - | - | - | - | - | - | - | - |
| Supplementary Data | |||||||||
| EPS | -0.35 | -0.14 | -0.03 | -0.02 | -0.07 | -0.07 | -0.17 | -0.07 | -0.09 |
| Diluted EPS | -0.35 | -0.14 | -0.03 | -0.02 | -0.07 | -0.07 | -0.17 | -0.07 | -0.09 |
| Weighted Average OS | 65.91M | 35,685 | 274.97M | 188.78M | 127.47M | 75.07M | 35.16M | 55.20M | 9.13M |
| EBITDA | -$16.53M | -$3.41M | -$6.62M | -$2.72M | -$6.58M | -$3.81M | -$4.14M | -$2.8M | -$600K |
| EBITDA Margin | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | 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 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Assets | |||||||||
| Current Assets | |||||||||
| Cash and Cash Equivalents | $8.93M | $1.41M | $1.7M | $1.82M | $766K | $2.44M | $1.28M | $1.48M | $112K |
| Short-Term Investments | $73K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.01M | $1.41M | $1.7M | $1.82M | $766K | $2.44M | $1.28M | $1.48M | $112K |
| Accounts Receivable | $27K | $9K | $21K | $5K | $11K | $6K | $43K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $127K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K |
| Total Current Assets | $9.4M | $1.86M | $1.96M | $1.97M | $824K | $2.51M | $1.46M | $1.55M | $117K |
| Long-Term Assets | |||||||||
| Property, Plant & Equipment Net | $397K | $829K | $713K | $432K | $536K | $448K | $303K | $280K | $42K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.04M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $1.44M | $829K | $713K | $432K | $536K | $448K | $303K | $280K | $42K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $10.83M | $2.69M | $2.67M | $2.4M | $1.36M | $2.96M | $1.76M | $1.83M | $159K |
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts Payable | $322K | $175K | $475K | $284K | $186K | $173K | $372K | $81K | $50K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$291K | -$212K | $0 | -$7K | $0 | $0 |
| Other Current Liabilities | -$349 | $216K | $59K | $299K | $239K | $0 | $7K | $0 | $0 |
| Total Current Liabilities | $427K | $310K | $534K | $298K | $232K | $191K | $379K | $81K | $50K |
| Long-Term Liabilities | |||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $373K | $278K | $248K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $373K | $278K | $248K | $0 | $7K | $27K | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $800K | $589K | $782K | $298K | $239K | $218K | $379K | $81K | $50K |
| Stockholders' Equity | |||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $46.87M | $27.19M | $24.35M | $19.49M | $16.88M | $12.6M | $8.6M | $5.01M | $313K |
| Retained Earnings | -$47.71M | -$31.28M | -$27.65M | -$20.81M | -$17.95M | -$11.26M | -$7.43M | -$3.26M | -$454K |
| Comprehensive Income & Other | $10.87M | $6.2M | $5.19M | $3.42M | $2.2M | $1.4M | $210K | $0 | $249K |
| Other Stockholders' Equity | $10.87M | $6.2M | $5.19M | $3.42M | $2.2M | $1.4M | $210K | $0 | $249K |
| Total Equity | $10.03M | $2.11M | $1.89M | $2.1M | $1.12M | $2.74M | $1.38M | $1.75M | $109K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $10.83M | $2.69M | $2.67M | $2.4M | $1.36M | $2.96M | $1.76M | $1.83M | $159K |
| Supplementary Data | |||||||||
| Total Debt | $0 | $0 | $0 | $7K | $27K | $45K | $7K | $0 | $0 |
| Net Debt | -$8.93M | -$1.41M | -$1.7M | -$1.81M | -$739K | -$2.4M | -$1.27M | -$1.48M | -$112K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | 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 | 2019-12-31 | 2018-12-31 | 2017-12-31 |
| Operating Activities | |||||||||
| Net Income | -$16.45M | -$3.63M | -$6.84M | -$2.86M | -$6.69M | -$3.84M | -$4.16M | -$2.81M | -$605 |
| Depreciation & Amortization | $44K | $3K | $11K | $26K | $31K | $28K | $25K | $4K | $1K |
| Deferred Income Tax | $0 | $0 | $0 | $172K | $97K | $88K | $195K | $0 | $0 |
| Stock-Based Compensation | $1.24M | $248K | $139K | $69K | $218K | $345K | $159K | $71 | $0 |
| Changes in Working Capital: | |||||||||
| Accounts Receivable | -$18K | $12K | -$17K | $7K | -$5K | $37K | -$43K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $259K | -$412K | $103K | $31K | $59K | -$125K | $218K | -$62 | -$7 |
| Total Working Capital Change | $242K | -$400K | $86K | $38K | $53K | -$88K | $176K | -$32K | -$7 |
| Other Non-Cash Items | -$13K | $139K | $1K | -$45K | $4K | $56K | $2K | $81K | -$1K |
| Net Cash from Operating | -$14.94M | -$3.64M | -$6.6M | -$2.6M | -$6.29M | -$3.41M | -$3.61M | -$2.76M | -$541 |
| Investing Activities | |||||||||
| Capital Expenditures | -$546K | -$5K | -$112K | -$100K | -$216K | -$118K | -$175K | -$242K | -$57 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$72K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | -$114K | $2K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$618K | -$119K | -$109K | -$100K | -$216K | -$118K | -$175K | -$242K | -$57 |
| Financing Activities | |||||||||
| Debt Repaid | - | - | $7K | $22K | $21K | $21K | $17K | - | - |
| Common Stock Issuance | $23.42M | $3.81M | $5.87M | $3.89M | $5.12M | $5M | $3.6M | $4.49M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$333K | -$347K | $0 | -$125K | -$265K | -$205K | $3.6M | -$108K | $751 |
| Net Cash from Financing | $23.09M | $3.47M | $6.59M | $3.75M | $4.83M | $4.78M | $3.58M | $4.38M | $751 |
| Forex Effect | $64K | $0 | $0 | $230 | -$601 | -$87K | -$9K | -$9K | -$3 |
| Net Change in Cash | $7.59M | -$292K | -$122K | $1.05M | -$1.67M | $1.16M | -$205K | $1.37M | $149 |
| Supplementary Data | |||||||||
| Operating Cash Flow | -$14.94M | -$3.64M | -$6.6M | -$2.6M | -$6.29M | -$3.41M | -$3.61M | -$2.76M | -$541 |
| Capital Expenditure | $0 | -$119K | -$112K | -$100K | -$216K | -$118K | -$175K | -$242K | -$57 |
| Free Cash Flow | -$14.94M | -$3.76M | -$6.72M | -$2.69M | -$6.5M | -$3.53M | -$3.78M | -$3M | -$598 |
| Cash at Beginning | $1.34M | $1.7M | $1.82M | $766K | $2.44M | $1.28M | $1.48M | $112K | $0 |
| Cash at End | $8.93M | $1.41M | $1.7M | $1.82M | $766K | $2.44M | $1.28M | $1.48M | $149 |