On the stock market since 2013, it operates in the world of heavy industry. It has 2 employees. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
Average growth of 22% a year over the last 4 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
An investor who bought at the very peak is down 92% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.
There is $398K in the vault; even if every debt were paid off, $304K would remain.
A loss of $190K against $2.8M in annual sales. And on top of that, sales fell from the year before.
The stock sits at $0.0030. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.
At the current pace of spending, the cash lasts about 2.1 years. After that, the company needs to find new money.
On our five-subject report card, SSET sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: SSET is a small company that closed last year at a loss. The road back to profit runs through spending discipline.