ASP Isotopes Inc
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ASP Isotopes Inc AI Insights
Informational only. Not investment advice.Snapshot
- TTM revenue of 8.4M with -105.6M net loss (-12.6x revenue). Cash burn of 34M FCF against 114M cash = ~3 years runway.[Free Cash Flow TTM]
- Debt/equity of 1.53x with 113.7M total debt vs 74M equity. Recent 60M stock issuance funds operations, not growth.[Debt to Equity]
- P/S ratio of 68x vs industry median 4.1x - priced for 16x current revenue with no path to profitability visible.[P/S Ratio]
Watch Triggers
- Total Revenue TTM: Quarterly revenue growth >50% QoQ — Revenue inflection needed to justify valuation; current 8.4M base requires 10x growth
- Cash and Equivalents: Falls below 50M without revenue growth — Signals imminent dilution or distress; 34M annual burn depletes runway fast
- Gross Margin TTM: Drops below 15% — Unit economics deterioration would invalidate scale thesis entirely
Bull Case
Early-stage isotope producer with 114M cash, 32M PPE, and positive gross margins (23% TTM). If demand materializes, operating leverage could be significant.
Recent 60M equity raise at premium valuation provides runway without immediate dilution pressure for 2-3 years.
Bear Case
Operating loss of -42.5M on 8.4M revenue TTM (-507% margin). No clear path to profitability with current cost structure.
P/S of 68x (16x industry median) prices in massive growth that requires flawless execution and market development.
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Cash runway exhaustion within 3 years forces dilution or strategic pivot
- 34M annual FCF burn rate TTM
- 114M cash position declining
- Operating loss 5x revenue TTM
Gross margin of 23% TTM suggests unit economics may support scale if revenue materializes
- Positive gross profit of 1.9M TTM
- R&D of 6.9M signals product investment
- Capex of 10.3M building capacity
Valuation Context
Caveats
ASPI Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$824.67M | — | ||
$879.16M | — | ||
0.00 | — | ||
$26.93M | +511.2% | — | |
$-2.05 | — | ||
-275% | +371.4% | — | |
-644% | +123.5% | — | |
$-65.8M | — | ||
-105% | +22.9% | — | |
Beta 5Y (Monthly) | unknown | — |
ASPI Dividend History
ASPI Stock Splits
ASPI SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
05/20/26 | 03/31/26 | 10-Q | |
04/10/26 | 12/31/25 | 10-K | |
11/19/25 | 09/30/25 | 10-Q | |
08/14/25 | 06/30/25 | 10-Q | |
05/20/25 | 03/31/25 | 10-Q | |
03/31/25 | 12/31/24 | Unknown | |
11/19/24 | 09/30/24 | 10-Q | |
08/19/24 | 06/30/24 | 10-Q | |
05/15/24 | 03/31/24 | 10-Q | |
04/10/24 | 12/31/23 | 10-K | |
11/14/23 | 09/30/23 | 10-Q | |
08/14/23 | 06/30/23 | 10-Q | |
05/19/23 | 03/31/23 | 10-Q | |
03/31/23 | 12/31/22 | 10-K | |
12/22/22 | 09/30/22 | 10-Q | |
11/14/22 | 06/30/22 | 424B4 | |
05/19/23 | 03/31/22 | 10-Q | |
11/14/22 | 12/31/21 | 424B4 |