Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
AKAN · Nasdaq · United States · Communications Services, Nec
In shortAKANDA CORP. is loss-making, burns cash and holds more cash than debt, with revenue growing (+97.5% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -523.8% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -489.6% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -1830.0% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -74.8% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.39× | 49/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.08× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -43.78× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -24.98 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -726.5% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 4 | 58/100 |
| Revenue growth volatility | 2932.5% | 0/100 |
| Operating margin volatility | 35271.8% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 172.3% | 100/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 2.6 | 0.4 | 0.8 |
| Cost of revenue | 0 | 0 | 0.6 | 0.4 | 0.6 |
| Gross profit | (0.1) | (0) | 3.3 | 0.1 | 0.2 |
| Operating income | (1.7) | (2.6) | (20) | (3.7) | (4.4) |
| Interest expense | 0.6 | 0 | 0.1 | 0.1 | 0.1 |
| Net income | (2.3) | (8.1) | (12) | (32) | (4.1) |
| Diluted EPS | −$0.18 | −$0.50 | −$3.86 | −$573.11 | −$3.93 |
| Diluted shares (millions) | 13 | 16 | 3 | 0.1 | 1 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
−24.98 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
6/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2025 · Data updated Oct 1, 2025