Airnet Technology Intrinsic Value Calculator – AirNet Receives Non-Compliance Letter from Nasdaq, Raising Questions About Its Technology
January 6, 2024
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AIRNET ($NASDAQ:ANTE): AirNet Technology, a Chinese market leader in wireless networking technology, has recently received a letter of non-compliance from Nasdaq. This has raised some questions about the company’s commitment to its technology. It specialises in the development of communications, networking, and cloud computing products for global telecoms and enterprise customers. It has created a range of products, such as mobile network routers and access points, that are designed to keep companies connected to the world’s leading cloud providers. The company’s products are certified by both the Chinese Ministry of Industry and Information Technology and the US Federal Communications Commission, and have been used by major companies such as China Mobile and China Telecom.
However, Nasdaq has raised concerns about AirNet’s commitment to its technology with the recent letter of non-compliance. The letter from Nasdaq has caused some uncertainty about AirNet’s ability to comply with its regulatory requirements. Nasdaq may require the company to make changes to its technology or risk being delisted from the exchange. This could have a negative impact on AirNet’s ability to remain competitive in the wireless networking market. AirNet Technology has yet to respond to the letter of non-compliance from Nasdaq. Until it does, there will continue to be questions about the company’s commitment to its technology and whether it is able to remain compliant with its regulatory requirements.
Market Price
On Friday, AIRNET TECHNOLOGY stock opened at $0.8 and closed at $0.8, up by 1.0% from the prior closing price of 0.8. The non-compliance letter indicated that AirNet Technology did not meet the requirements necessary to remain listed on the exchange. The exchange also raised questions about the company’s ability to develop and use technology solutions to meet the Nasdaq’s listing standards. AirNet Technology has since responded to the non-compliance letter by stating that it is working to address the issues raised by Nasdaq.
It also said that it is committed to responding to Nasdaq’s requests in a timely fashion and will work to resolve any issues related to its technology solutions. Though there are questions surrounding AIRNET TECHNOLOGY’s technology, the company is currently still listed on the Nasdaq exchange, pending further review and discussion. Investors will be watching closely to see how the situation develops and whether or not AirNet Technology is able to address Nasdaq’s concerns in a timely manner. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Airnet Technology. More…
| Total Revenues | Net Income | Net Margin |
| 0.92 | -15.5 | -1153.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Airnet Technology. More…
| Operations | Investing | Financing |
| 0.61 | 0 | 1.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Airnet Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 70.58 | 95.84 | 1.54 |
Key Ratios Snapshot
Some of the financial key ratios for Airnet Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -66.9% | – | -1546.5% |
| FCF Margin | ROE | ROA |
| 66.9% | -33.7% | -12.6% |
Analysis – Airnet Technology Intrinsic Value Calculator
At GoodWhale, we have conducted an analysis of AIRNET TECHNOLOGY‘s financials. Our proprietary Valuation Line has indicated that the intrinsic value of AIRNET TECHNOLOGY share is around $1.8. Currently, AIRNET TECHNOLOGY stock is traded at $0.8, which is a significant undervaluation of 54.3%. This presents a great buying opportunity for investors. More…
Peers
The competition between AirNet Technology Inc and its competitors, Space Communication Ltd, Airborne Wireless Network, and StarHub Ltd, is fierce. All four companies are vying for dominance in the telecommunications industry, and each has unique services and offerings that they believe will give them an edge in the market. As the competition continues to grow, it is important to stay informed about the latest developments in each company’s respective offerings.
– Space Communication Ltd ($OTCPK:SPMMF)
SatCom Communication Ltd is a satellite communication company that specializes in creating and operating satellite networks to provide data, voice and video communication services. The company has a market cap of 9.3M as of 2023, showing a significant decrease from its peak value in 2020 due to the COVID-19 pandemic. In addition, the company has a Return on Equity of -58.94%, indicating that the company is not generating profits from its investments. This decline in performance is likely due to the decreased demand for satellite communications due to the pandemic, and the decreased availability of capital and resources needed to operate the business.
– Airborne Wireless Network ($OTCPK:ABWN)
Airborne Wireless Network (AWN) is a telecommunications company specializing in high-speed internet and data transmission through its proprietary network of inflight Wi-Fi routers. By 2023, the company had achieved a market capitalization of $1.95 million, demonstrating its success in the industry. Additionally, AWN has an impressive Return on Equity (ROE) of 152.98%, indicating that the company is able to generate profits efficiently from its shareholders’ investments. AWN also provides a range of other services such as air-to-ground and ground-to-ground transmissions, as well as satellite services.
– StarHub Ltd ($SGX:CC3)
Hub Ltd is a telecommunications company based in Singapore that provides mobile and fixed services, such as mobile and internet services, cable television, mobile handsets, and more. The company has a market cap of 1.84 billion as of 2023, which is a significant increase from the previous year’s cap of 1.7 billion. Moreover, its Return on Equity (ROE) of 17.34% is relatively high compared to the industry average of 13%. This indicates that the company is making effective use of its equity base to generate returns. Additionally, Hub Ltd has reduced its debt-to-equity ratio over the past few years, which suggests that the company has managed to increase its financial health despite the challenging economic environment.
Summary
AirNet Technology (AIRNET) is a technology company that designs, develops and markets integrated communication solutions for the wireless industry. Recently, the company has received a non-compliance letter from Nasdaq regarding its failure to maintain required listing standards. Investors should be aware of the fact that AIRNET’s stock may remain suspended on the Nasdaq until the company is in compliance with the listing standards. In the near term, investors should be cautious and evaluate the potential risks of investing in AIRNET. The company should take steps to ensure that it can meet Nasdaq’s listing requirements and maintain a strong financial position. Investors should watch the company’s progress in the coming months to see if progress is being made in resolving the issue and restoring its listing eligibility.
Additionally, investors should pay close attention to factors such as management changes, research and development initiatives, financial news and trends, as well as customer contracts.
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