Financhill
Buy
67

ARTV Quote, Financials, Valuation and Earnings

Last price:
$3.69
Seasonality move :
-1.06%
Day range:
$3.51 - $3.79
52-week range:
$1.47 - $13.14
Dividend yield:
0%
P/E ratio:
--
P/S ratio:
46.79x
P/B ratio:
0.71x
Volume:
62K
Avg. volume:
246K
1-year change:
-70.32%
Market cap:
$92M
Revenue:
$251K
EPS (TTM):
-$3.25
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Revenue -- $2M $4.9M $33.5M $251K
Revenue Growth (YoY) -- -- 146.3% 579.21% -99.25%
 
Cost of Revenues -- $248K $1.2M $2.3M $2.4M
Gross Profit -- $1.8M $3.8M $31.2M -$2.2M
Gross Profit Margin -- 87.61% 76.52% 93.23% -868.53%
 
R&D Expenses $13.8M $42.2M $42.8M $48M $47.9M
Selling, General & Admin $4.4M $12.9M $20.8M $13.9M $17.2M
Other Inc / (Exp) $477K -$18.6M $200K $512K $3.4M
Operating Expenses $18.3M $55M $63.6M $61.9M $65.9M
Operating Income -$18.3M -$53.3M -$59.8M -$30.7M -$68.1M
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items -$18M -$71.8M -$58.7M -$28.6M -$65.4M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- $53K $72K --
Net Income to Company -$18M -$71.8M -$58.8M -$28.7M -$65.4M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$18M -$71.8M -$58.8M -$28.7M -$65.4M
 
Basic EPS (Cont. Ops) -$1.02 -$4.08 -$3.34 -$1.63 -$2.69
Diluted EPS (Cont. Ops) -$1.02 -$4.08 -$3.34 -$1.63 -$2.69
Weighted Average Basic Share $17.6M $17.6M $17.6M $17.6M $24.3M
Weighted Average Diluted Share $17.6M $17.6M $17.6M $17.6M $24.3M
 
EBITDA -$17.7M -$53M -$58.7M -$28.4M -$65.7M
EBIT -$17.8M -$53.3M -$59.8M -$30.7M -$68.1M
 
Revenue (Reported) -- $2M $4.9M $33.5M $251K
Operating Income (Reported) -$18.3M -$53.3M -$59.8M -$30.7M -$68.1M
Operating Income (Adjusted) -$17.8M -$53.3M -$59.8M -$30.7M -$68.1M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue -- -- $26.7M -- --
Revenue Growth (YoY) -- -- 23914.41% -100% --
 
Cost of Revenues -- -- $556K $627K $662K
Gross Profit -- -- $26.1M -$627K -$662K
Gross Profit Margin -- -- 97.91% -- --
 
R&D Expenses -- -- $12.5M $12.9M $17M
Selling, General & Admin -- -- $2.8M $4.8M $5.3M
Other Inc / (Exp) -- -- $50K -$983K --
Operating Expenses -- -- $15.5M $17.9M $22.2M
Operating Income -- -- $10.6M -$18.5M -$22.9M
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items -- -- $11.3M -$17.5M -$21.5M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$60.4M -- -- -$17.5M -$21.5M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -- -- $11.3M -$17.5M -$21.5M
 
Basic EPS (Cont. Ops) -- -- $0.46 -$0.72 -$0.88
Diluted EPS (Cont. Ops) -- -- $0.46 -$0.72 -$0.88
Weighted Average Basic Share -- -- $24.3M $24.3M $24.5M
Weighted Average Diluted Share -- -- $24.3M $24.3M $24.5M
 
EBITDA -- -- $11.2M -$17.9M -$22.2M
EBIT -- -- $10.6M -$18.5M -$22.9M
 
Revenue (Reported) -- -- $26.7M -- --
Operating Income (Reported) -- -- $10.6M -$18.5M -$22.9M
Operating Income (Adjusted) -- -- $10.6M -$18.5M -$22.9M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue -- -- $30.4M $26.9M --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- -- $1.4M $2.4M $2.5M
Gross Profit -- -- $29M $24.5M -$2.5M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses -- -- $44.6M $47.7M $63.3M
Selling, General & Admin -- -- $14.8M $15M $20.3M
Other Inc / (Exp) -- -- -$34K -$2.9M --
Operating Expenses -- -- $59.6M $63.3M $83.8M
Operating Income -- -- -$30.6M -$38.8M -$86.3M
 
Net Interest Expenses -- -- -- -- --
EBT. Incl. Unusual Items -- -- -$29M -$38M -$79.2M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -- -- -$28.8M -$61.3M -$79.2M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -- -- -$29M -$38M -$79.2M
 
Basic EPS (Cont. Ops) -- -- -$1.82 -$1.82 -$3.25
Diluted EPS (Cont. Ops) -- -- -$1.82 -$1.82 -$3.25
Weighted Average Basic Share
Weighted Average Diluted Share
 
EBITDA -- -- -$29.2M -$36.4M -$83.8M
EBIT -- -- -$30.6M -$38.8M -$86.3M
 
Revenue (Reported) -- -- $30.4M $26.9M --
Operating Income (Reported) -- -- -$30.6M -$38.8M -$86.3M
Operating Income (Adjusted) -- -- -$30.6M -$38.8M -$86.3M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Revenue $111K $1.3M $27.6M $251K --
Revenue Growth (YoY) -- -- -- -- --
 
Cost of Revenues -- $167K $1.1M $1.8M $1.9M
Gross Profit -- $1.2M $26.5M -$1.6M -$1.9M
Gross Profit Margin -- -- -- -- --
 
R&D Expenses $21.6M $9.5M $38M $35.2M $50.6M
Selling, General & Admin $2.7M $3.8M $10.7M $12.3M $15.3M
Other Inc / (Exp) -$18.6M -- -$34K -$3.4M -$9K
Operating Expenses $24.3M $13.3M $48.9M $47.9M $65.9M
Operating Income -$24.2M -$12.1M -$22.4M -$49.4M -$67.9M
 
Net Interest Expenses -- -- $509K -- --
EBT. Incl. Unusual Items -$42.7M -$12.1M -$21.3M -$49.3M -$63.1M
Earnings of Discontinued Ops. -- -- -- -- --
Income Tax Expense -- -- -- -- --
Net Income to Company -$103.2M -$12.1M -- -$17.5M -$63.1M
 
Minority Interest in Earnings -- -- -- -- --
Net Income to Common Excl Extra Items -$42.7M -$12.1M -$21.3M -$49.3M -$63.1M
 
Basic EPS (Cont. Ops) -$4.56 -$0.69 -$2.18 -$2.28 -$2.59
Diluted EPS (Cont. Ops) -$4.56 -$0.69 -$2.18 -$2.28 -$2.59
Weighted Average Basic Share $9.4M $17.6M $51.2M $65.2M $73.2M
Weighted Average Diluted Share $9.4M $17.6M $51.2M $65.2M $73.2M
 
EBITDA -$24.1M -$12M -$20.7M -$47.6M -$65.9M
EBIT -$24.2M -$12.1M -$22.4M -$49.4M -$67.9M
 
Revenue (Reported) $111K $1.3M $27.6M $251K --
Operating Income (Reported) -$24.2M -$12.1M -$22.4M -$49.4M -$67.9M
Operating Income (Adjusted) -$24.2M -$12.1M -$22.4M -$49.4M -$67.9M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Cash and Equivalents $25.4M $160.9M $102.5M $77M $185.4M
Short Term Investments -- -- -- $23.5M $145.2M
Accounts Receivable, Net -- $468K $525K $1M --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- -- --
Other Current Assets $666K $896K $1.6M $1.1M $3.1M
Total Current Assets $26.1M $162.3M $104.7M $79.8M $188.6M
 
Property Plant And Equipment $2.4M $4.1M $27.6M $24.6M $20.4M
Long-Term Investments -- $245K $245K $258K $258K
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $142K $387K $762K $650K $525K
Total Assets $29.2M $169.9M $133.1M $105.1M $209.6M
 
Accounts Payable $2.2M $1.4M $1.1M $614K $1.1M
Accrued Expenses $3.2M $10.1M $10.2M $8M $7.4M
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations $458K $433K $3.5M $3.6M $3.7M
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $5.8M $19.3M $25.6M $12.2M $12.3M
 
Long-Term Debt -- $1.3M $16M $13.3M $10.6M
Capital Leases -- -- -- -- --
Total Liabilities $50.8M $42.4M $57.3M $50.7M $22.9M
 
Common Stock -- -- -- -- $3K
Other Common Equity Adj -- -- -- $308K -$129K
Common Equity -$21.6M -$88.9M -$140.7M -$162M $186.6M
Total Preferred Equity -- -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity -$21.6M $127.6M $75.7M $54.4M $186.6M
 
Total Liabilities and Equity $29.2M $169.9M $133.1M $105.1M $209.6M
Cash and Short Terms $25.4M $160.9M $102.5M $77M $185.4M
Total Debt -- $1.3M $16M $13.3M $10.7M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Cash and Equivalents $169.2M -- -- $146.6M $123M
Short Term Investments -- -- -- $90.8M --
Accounts Receivable, Net $614K -- -- $569K --
Inventory -- -- -- -- --
Prepaid Expenses -- -- -- -- --
Other Current Assets $1.7M -- -- $3.2M --
Total Current Assets $171.5M -- -- $150.6M $129.5M
 
Property Plant And Equipment $3.9M -- -- $21.5M $18.5M
Long-Term Investments -- -- -- $53.2M $461K
Goodwill -- -- -- -- --
Other Intangibles -- -- -- -- --
Other Long-Term Assets $390K -- -- $556K --
Total Assets $178.2M -- -- $225.6M $148.9M
 
Accounts Payable $1.8M -- -- $1.2M $848K
Accrued Expenses $7.6M -- -- $8.3M --
Current Portion Of Long-Term Debt -- -- -- -- --
Current Portion Of Capital Lease Obligations $430K -- -- $3.7M --
Other Current Liabilities -- -- -- -- --
Total Current Liabilities $15.6M -- -- $13.3M $11.1M
 
Long-Term Debt -- -- -- $11.2M $8.5M
Capital Leases -- -- -- -- --
Total Liabilities $257.4M -- -- $24.6M $19.6M
 
Common Stock -- -- -- $3K $3K
Other Common Equity Adj -- -- -- $338K --
Common Equity -- -- -- -- --
Total Preferred Equity $154.6M -- -- -- --
Minority Interest, Total -- -- -- -- --
Total Equity -$79.2M -- -- $201M $129.2M
 
Total Liabilities and Equity $178.2M -- -- $225.6M $148.9M
Cash and Short Terms $169.2M -- -- $146.6M $123M
Total Debt -- -- -- $11.4M $8.6M
Period Ending 2020-12-31 2021-12-31 2022-12-31 2023-12-31 2024-12-31
Net Income to Stockholders -$18M -$71.8M -$58.8M -$28.7M -$65.4M
Depreciation & Amoritzation $73K $248K $1.2M $2.3M $2.4M
Stock-Based Compensation $297K $4.3M $6.6M $7.1M $7M
Change in Accounts Receivable -- -$468K -$57K -$1.2M $1.6M
Change in Inventories -- -- -- -- --
Cash From Operations -$13.5M -$15.3M -$50.8M -$47.4M -$55M
 
Capital Expenditures -- $1.7M $6.3M $3.3M $642K
Cash Acquisitions -- -- -- -- --
Cash From Investing -$284K -$1.7M -$6.3M -$26M -$120.5M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued $3M -- -- -- --
Long-Term Debt Repaid -- -- -- -- -$149K
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$459K -$2M -$1.6M $24.4M --
Cash From Financing $37.4M $152.8M -$1.3M $24.4M $162.2M
 
Beginning Cash (CF) $1.9M $160.9M $102.5M $53.5M $40.2M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $23.6M $135.7M -$58.4M -$49M -$13.3M
Ending Cash (CF) $25.4M $296.6M $44.1M $4.5M $27M
 
Levered Free Cash Flow -$13.8M -$17M -$57.1M -$50.7M -$55.7M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -$60.4M -- -- -$17.5M -$21.5M
Depreciation & Amoritzation $107K -- -- $627K $662K
Stock-Based Compensation $2.7M -- -- $1.9M $1.6M
Change in Accounts Receivable -$614K -- -- $760K -$49K
Change in Inventories -- -- -- -- --
Cash From Operations -$8.4M -- -- -$11.6M -$19.2M
 
Capital Expenditures -- -- -- $96K $600K
Cash Acquisitions -- -- -- -- --
Cash From Investing -$605K -- -- -$130.6M $16.3M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -$38K --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$1.8M -- $23.4M -$2.6M --
Cash From Financing $153M -- -- $163.9M -$37K
 
Beginning Cash (CF) $25.4M -- -- $55.9M $25.5M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $144M -- -- $21.6M -$3M
Ending Cash (CF) $169.4M -- -- $77.5M $22.5M
 
Levered Free Cash Flow -- -- -- -$11.7M -$19.8M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -- -- -$28.8M -$61.3M -$79.2M
Depreciation & Amoritzation -- -- $1.8M $2.4M $2.5M
Stock-Based Compensation -- -- $7M $6.2M $7.4M
Change in Accounts Receivable -- -- -$3.7M $2.8M $622K
Change in Inventories -- -- -- -- --
Cash From Operations -- -- -$46.4M -$51.1M -$76.7M
 
Capital Expenditures -- -- $602K $96K $2.2M
Cash Acquisitions -- -- -- -- --
Cash From Investing -- -- -$23.9M -$122.2M $46.4M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -$116K --
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -- -- -- -- --
Cash From Financing -- -- $23.1M $163.2M $100K
 
Beginning Cash (CF) -- -- -- -- --
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions -- -- -$47.2M -$10M -$30.2M
Ending Cash (CF) -- -- -- -- --
 
Levered Free Cash Flow -- -- -$49.6M -$52.3M -$78.9M
Period Ending 2021-09-30 2022-09-30 2023-09-30 2024-09-30 2025-09-30
Net Income to Stockholders -$103.2M -$12.1M -- -$17.5M -$63.1M
Depreciation & Amoritzation $139K $167K -- $627K $1.9M
Stock-Based Compensation $3.1M $1.4M -- $1.9M $5.2M
Change in Accounts Receivable -$668K -$748K -- $760K $67K
Change in Inventories -- -- -- -- --
Cash From Operations $81K -$9.7M -- -$11.6M -$62M
 
Capital Expenditures $46K $602K $581K $96K $2.2M
Cash Acquisitions -- -- -- -- --
Cash From Investing -$651K -$602K -- -$130.6M $47.4M
 
Dividends Paid (Ex Special Dividend) -- -- -- -- --
Special Dividend Paid -- -- -- -- --
Long-Term Debt Issued -- -- -- -- --
Long-Term Debt Repaid -- -- -- -$116K -$66K
Repurchase of Common Stock -- -- -- -- --
Other Financing Activities -$2.6M -$504K $23.4M -$4.2M -$39K
Cash From Financing $307M -$305K -- $163.9M $130K
 
Beginning Cash (CF) $50.9M $150.4M -- $138.3M $84.4M
Foreign Exchange Rate Adjustment -- -- -- -- --
Additions / Reductions $306.4M -$10.6M -- $21.6M -$14.5M
Ending Cash (CF) $357.3M $139.8M -- $77.5M $69.9M
 
Levered Free Cash Flow $8.4M -$10.3M -$12.3M -$11.7M -$64.2M

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