MicroAlgo Inc. financial data

Symbol
MLGO on Nasdaq, VENAF on OTC
Industry
Services-Computer Programming Services
Location
340 Madison Avenue,19 Th Floor, New York, NY
State of incorporation
Cayman Islands
Fiscal year end
December 31
Former names
Venus Acquisition Corp (to 12/12/2022)
Latest financial report
20-F - Q4 2023 - Apr 11, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 629 % +187%
Debt-to-equity 15.2 % -74.4%
Return On Equity -28.7 % -140%
Return On Assets -15 % -187%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 51.6M shares +753%
Common Stock, Shares, Outstanding 5.16M shares +17.7%
Entity Public Float 47M USD +2.71%
Common Stock, Value, Issued 51.6K USD +17.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 17.8M USD -23.7%
Cost of Revenue 12.9M USD -28.3%
Research and Development Expense 5.23M USD +63.2%
Costs and Expenses 511K USD -27.2%
Operating Income (Loss) -1.41M USD -220%
Nonoperating Income (Expense) 806K USD +219%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -9.64M USD -201%
Income Tax Expense (Benefit) 5.24K USD -54.3%
Net Income (Loss) Attributable to Parent -9.12M USD -196%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 44.8M USD +4.77%
Accounts Receivable, after Allowance for Credit Loss, Current 3.25M USD +24.8%
Inventory, Net 131K USD -84.2%
Assets, Current 57.6M USD +4.41%
Deferred Income Tax Assets, Net 139K USD
Property, Plant and Equipment, Net 106K USD -27.1%
Operating Lease, Right-of-Use Asset 52.6K USD -65.1%
Goodwill 14.7M USD
Other Assets, Noncurrent 315K USD -98.1%
Assets 58M USD -19.6%
Liabilities, Current 12M USD +151%
Operating Lease, Liability, Noncurrent 19.5K USD
Liabilities 12M USD +137%
Accumulated Other Comprehensive Income (Loss), Net of Tax -7.72M USD -376%
Retained Earnings (Accumulated Deficit) -10.9M USD -157%
Stockholders' Equity Attributable to Parent 45.4M USD -32%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 45.9M USD -30.3%
Liabilities and Equity 58M USD -19.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -2.76M USD -705%
Net Cash Provided by (Used in) Financing Activities -19.6M USD -256%
Net Cash Provided by (Used in) Investing Activities -257K USD +98.4%
Common Stock, Shares Authorized 200M shares 0%
Common Stock, Shares, Issued 5.16M shares +17.7%
Common Stock, Par or Stated Value Per Share 0.01 CNY/shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -21.7M USD -3.05%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 44.8M USD +6.55%
Interest Paid, Excluding Capitalized Interest, Operating Activities 6K USD +594%
Deferred Tax Assets, Valuation Allowance 1.97M USD
Operating Lease, Liability 39.5K USD -86%
Payments to Acquire Property, Plant, and Equipment 54.5K USD -70.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -96.3K USD -111%
Lessee, Operating Lease, Liability, to be Paid 40.6K USD -85.9%
Property, Plant and Equipment, Gross 233K USD -22.3%
Operating Lease, Liability, Current 39.5K USD -73.8%
Lessee, Operating Lease, Liability, to be Paid, Year Two 31.6K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 40.6K USD -84.2%
Operating Lease, Weighted Average Discount Rate, Percent 0.07 pure
Deferred Income Tax Expense (Benefit) 61K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.15K USD -79.1%
Deferred Tax Assets, Operating Loss Carryforwards 1.77M USD
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) -61K USD
Current Income Tax Expense (Benefit) 5.24K USD -92.8%
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Additional Paid in Capital 62.1M USD +31%
Depreciation, Depletion and Amortization 107K USD -68.8%
Deferred Tax Assets, Net of Valuation Allowance 139K USD
Preferred Stock, Par or Stated Value Per Share 0 CNY/shares 0%