IIOT-OXYS, Inc. (ITOX) Jul 2024 Earnings Report
IIOT-OXYS INC: Investment Report
Overview
IIOT-OXYS INC, a technology company specializing in computer hardware, has been making waves in the industrial internet applications space with its innovative products, software, and services. As the company continues to develop and market engineered solutions for various industries, this report provides an in-depth analysis of its financial performance, growth prospects, and relevant news updates. With a market capitalization of $444,011, ITOX presents an intriguing investment opportunity for those looking to tap into the rapidly growing industrial technology sector.
Core Metrics
- Current price: $0.0008 USD
- 52-week high: $0.002
- 52-week low: $0.0005
- Market Cap: $444,011 in millions
- P/E Ratio: N/A
- Earnings per Share: N/A
- 50-day average: $0.0008754
- 200-day average: $0.00082035
- Analyst Recommendations: None (0 analysts)
Financial Performance
IIOT-OXYS INC's financial performance has been a mixed bag. While the company's revenue growth has been negative at -0.942, its gross margins stand at 0.16346, indicating a relatively stable position in terms of profitability. The company's cash position is concerning, with total cash standing at $1405, free cash flow at $41137, and operating cash flow at -$84514. The EBITDA of -$557984 raises concerns about the company's ability to generate profits.
Growth Prospects
Despite the concerns surrounding its financial performance, IIOT-OXYS INC's innovative products and services present an opportunity for growth in the rapidly expanding industrial technology sector. The company's focus on developing hardware, software, and algorithms for various industries, such as energy, agricultural, and medical applications, positions it well for potential growth.
News and Updates
Recent news articles highlight the company's financial results for the six months ended June 30, 2023, and an upcoming Investor Conference Call on August 29, 2023. Additionally, a Morningstar article discussed the company's quantitative ratings for stocks, while an Engineering360 News article referenced the discovery of the internal thermal oxidation (ITOX) process.
Upgrades and Downgrades
There have been no recent upgrades or downgrades from notable firms.
Summary
In conclusion, IIOT-OXYS INC's investment report highlights both the opportunities and challenges facing the company. While the company's financial performance raises concerns, its innovative products and services position it well for potential growth in the industrial technology sector. With a market capitalization of $444,011, ITOX presents an intriguing investment opportunity for those willing to take on the associated risks. Key takeaways from this report include the need for careful consideration of the company's financial position and the potential for growth in the industrial technology sector.
Disclosures
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