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ScanTech AI Systems Inc. ( ScanTech AI ) was formed as a corporation under the laws of the State of Delaware on July 20, 2023. On September 5, 2023, ScanTech AI entered into a business combination agreement (as amended or supplemented, the Business Combination Agreement ) with Mars Acquisition Corp. ( Mars ), a Cayman Island exempted company, Mars Merger Sub I Corp., a Cayman Islands exempted c…
The business is unprofitable at the operating level (-1644.83% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Negative free cash flow of -$7M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (FY)
$542K
Net Income (TTM)
-$10M
▲ +35.1% YoY
Op. Margin
-1644.83%
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
-$6M
▼ -21.8% YoY
Op. Cash Flow (TTM)
-$6M
▼ -21.9% YoY
Net Debt
$27M
Cash & Equiv.
$158K
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