YOLFTbeta
Movano Inc

Movano Inc

MOVE · NASDAQ · Technology / Software - Infrastructure

4.47USD-0.24 (-5.10%)

Price History

Full chart

Market Stats

Previous Close4.71
Open4.64
Day Range3.14 – 4.99
52-Week Range3.44 – 26.72
Volume703.20K
Market Cap371.37M
P/E (TTM)0.00
Forward P/E0.00
EPS-13.52
Dividend Yield0.00%
Beta1.22
50-Day Avg11.61
200-Day Avg12.59

About

Corvex, Inc., an AI cloud computing company, provides GPU-accelerated infrastructure for AI workloads to customers worldwide. The company provides graphics processing unit accelerated compute, confidential computing, token factory, and inference services purpose-built to protect and perform. It also offers an artificial intelligence cloud computing services specializing in graphics processing unit accelerated infrastructure for AI workloads. The company is based in Arlington, Virginia.

Company Details

  • SectorTechnology
  • IndustrySoftware - Infrastructure
  • CEOMr. Seth Demsey
  • Employees32
  • Headquarters3401 North Fairfax Drive, Arlington, VA, United States, 22226, USA
  • Websitehttps://www.corvex.ai

Leadership

  • Mr. Seth DemseyCo-Founder, Co-CEO & Chairman · b. 1977
  • Mr. Jay Crystal IIICo-Founder, Co-CEO & Director
  • Mr. Christopher Chance MorelandChief Financial Officer
  • Ms. Melissa McGregorDirector of Marketing
  • Mr. Drew MessersmithSenior Director of Sales
  • Mr. Sachin NeneHead of R&D
  • Mr. Garrett BramsHead of Data Center Infrastructure Development

Financials

Income Statement

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue229.97M325.11M264.61M218.71M216.86M252.62M290.38M286.28M242.07M212.01M197.50M191.72M199.23M227.03M-000001.01M433.00K
Growth (%)-+41.37%-18.61%-17.35%-0.85%+16.49%+14.95%-1.41%-15.44%-12.42%-6.84%-2.93%+3.92%+13.95%--------57.26%
Cost of Revenue56.08M93.03M63.91M48.35M42.93M48.69M54.82M46.20M34.80M38.00M33.04M30.98M31.86M35.36M3.00K11.00K13.00K74.00K134.00K158.00K3.01M2.27M
Gross Profit173.89M232.07M200.71M170.35M173.93M203.93M235.56M240.08M207.27M174.00M164.46M160.75M167.37M191.67M-3.00K-11.00K-13.00K-74.00K-134.00K-158.00K-1.99M-1.84M
Gross Margin75.62%71.38%75.85%77.89%80.20%80.73%81.12%83.86%85.63%82.07%83.27%83.84%84.01%84.42%-------196.84%-424.94%
Operating Expense-------235.12M--161.49M154.09M162.12M191.11M3.49M8.50M11.09M19.73M30.33M29.53M22.23M13.66M
Operating Income-------4.96M--2.97M6.66M5.25M561.00K-3.50M-8.51M-11.11M-19.80M-30.46M-29.69M-24.22M-15.50M
Operating Margin-------1.73%--1.51%3.47%2.63%0.25%-------2391.12%-3580.37%
EBITDA---------------3.48M-8.43M-12.01M-20.82M-30.20M-29.13M-23.56M-15.17M
EBITDA Margin---------------------2325.86%-3503.70%
Net Income-----545.00K22.11M981.00K---7.26M5.63M574.00K-3.49M-8.44M-14.04M-22.58M-30.20M-29.28M-23.73M-18.29M
Net Income Margin-----0.22%7.61%0.34%---3.79%2.82%0.25%-------2342.25%-4222.86%
R&D19.60M36.73M30.28M21.66M15.36M22.06M33.91M34.66M26.34M27.83M34.32M34.73M37.34M38.89M2.89M6.51M8.37M13.43M18.99M16.73M11.20M5.74M
R&D as % of Total Revenue8.52%11.30%11.44%9.90%7.08%8.73%11.68%12.11%10.88%13.13%17.38%18.12%18.74%17.13%------1105.13%1325.64%
Interest Expense00000000000000001.00M883.00K133.00K-02.96M
Interest Expense % of Total Revenue0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%------0.00%684.76%

Balance Sheet

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets918.65M615.04M379.21M153.55M150.50M249.03M285.95M282.53M292.01M291.30M239.02M164.92M136.87M236.79M3.40M4.89M7.08M36.27M13.24M9.42M11.32M5.60M
Total Liabilities284.29M431.78M340.48M153.22M93.11M95.75M88.28M76.86M117.87M105.56M39.68M33.71M38.86M127.96M391.00K890.00K15.14M3.54M5.33M5.97M3.96M9.07M
Total Equity634.36M183.26M38.73M328.00K57.39M153.27M197.66M205.67M174.14M185.74M199.34M131.22M98.01M108.83M3.01M4.00M-8.06M32.73M7.92M3.45M7.36M-3.47M
Cash180.99M38.27M80.46M13.94M14.82M13.27M14.87M45.71M108.94M106.85M158.52M87.58M27.12M118.68M3.17M4.29M5.71M17.68M10.76M6.12M7.90M2.83M
Total Debt----------------11.69M-426.00K217.00K186.00K4.90M
Net Debt---------------3.17M-4.29M5.98M-17.68M-10.33M-5.90M-7.72M2.08M

Cash Flow

Currency: USD2000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow--25.02M-19.53M7.48M23.42M23.76M1.52M7.76M23.70M18.37M29.10M32.68M-3.28M-8.23M-10.67M-16.18M-24.90M-26.18M-22.53M-11.27M
Investing Cash Flow--13.36M----15.01M--87.25M----52.00K-13.00K-16.70M-16.70M15.72M-64.00K-8.00K-
Financing Cash Flow330.65M58.99M3.82M3.36M1.79M95.94M4.90M-66.09M3.15M---77.06M6.50M9.36M12.09M44.85M2.26M21.60M24.32M6.19M
Capital Expenditure43.12M61.32M3.29M9.42M3.72M11.15M12.92M18.74M5.93M9.61M10.73M8.10M11.03M12.59M52.00K13.00K565.00K565.00K105.00K64.00K8.00K0
Free Cash Flow---------------3.33M-8.24M-10.67M-16.75M-25.01M-26.24M-22.54M-11.27M
Dividends Paid-----------2.01M882.00K---------
FCF to OCF--------------101.59%100.16%100.00%103.49%100.42%100.24%100.04%100.00%

Earnings

Report DateDec 31, 2019Mar 31, 2020Jun 30, 2020Sep 30, 2020Dec 31, 2020Feb 2, 2021May 14, 2021Aug 12, 2021Nov 12, 2021Mar 30, 2022May 12, 2022Aug 15, 2022Nov 14, 2022Mar 30, 2023Mar 31, 2023Jun 30, 2023Sep 30, 2023Dec 31, 2023May 29, 2024Aug 14, 2024Nov 14, 2024Mar 19, 2025Apr 9, 2025Sep 24, 2025Nov 14, 2025Feb 25, 2026May 19, 2026Aug 14, 2026Nov 13, 2026
EPS Estimate0.000.000.000.000.000.00------0.000.00-----0.10-15.00-9.30-9.70-9.70-7.00-7.10--3.60--
EPS Actual-1.82-1.58-1.75-1.87-1.66-2.21-1.01-0.15-0.16-0.19-0.21-0.21-0.26-0.24-20.88-18.64-19.52-12.36-0.10-9.00-10.60-6.10-6.10-7.30-4.73-4.77-3.13-5.12-
Surprise------------------0.00%40.00%-13.98%37.11%37.11%-4.29%33.38%-12.99%--
Timing-------------------After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hours-

Key Statistics & Ratios

Market Cap371.37M
Enterprise Value931.67M
Trailing P/E0.00
Forward P/E0.00
Price / Sales33.44
Price / Book209.72
EPS-13.52
Book Value-1.88
Revenue (TTM)11.11M
Gross Profit (TTM)7.75M
EBITDA-12.48M
Profit Margin-170.05%
Operating Margin-400.32%
Return on Equity-66.53%
Return on Assets-13.54%
Shares Outstanding31.55M
Shares Float15.98M
Beta1.22
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 1 analystsTarget 18.75
  • Buy
    1

Ownership Breakdown

Institutions
0.80%
Insiders
38.41%
Retail / Other
60.79%

Top Institutional Holders

  • Tower Research Capital LLC
    00.00%

Top Fund Holders

  • Abante Quant Value FI
    3.99K0.33%

Stock Splits

  • Apr 7, 20261358:1000
  • Oct 10, 20251:10
  • Oct 29, 20241:15