Fusemachines Inc.

FUSE

FUSEFusemachines Inc. US flag

NASDAQ Global Market

1.31

USD

-0.07

- -

37.91MMarket Cap

Income Statement (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	7	7	9	8
+ Sales & Services Revenue	7	7	9	8
- Cost of Revenue	2	3	4	3
+ Cost of Goods & Services	2	3	4	3
Gross Profit	5	4	5	4
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	5	10	13	10
+ Selling, General & Admin	5	9	12	10
+ Research & Development	- -	1	1	1
+ Other Operating Expense	- -	- -	- -	- -
Operating Income (Loss)	-1	-5	-8	-6
- Non-Operating (Income) Loss	- -	1	7	-5
+ Interest Expense, Net	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	1	7	-5
Pretax Income	-1	-7	-15	-1
- Income Tax Expense (Benefit)	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	-1	-7	-15	-1
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -
Income (Loss) Incl. MI	-1	-7	-15	-1
- Minority Interest	- -	- -	- -	- -
Net Income, GAAP	-1	-7	-15	-1
- Preferred Dividends	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-1	-7	-15	-1
EBIT	-1	-5	-8	-6
EBITDA	-1	-5	-8	-6
EBITDA Margin (%)	-7.68	-67.65	-89.72	-73.59
EBITA	-1	-5	-8	-6
Gross Margin (%)	69.2	56.99	54.87	55.83
Operating Margin (%)	-10.12	-71.05	-93	-77.18
Profit Margin (%)	-10.92	-90.91	-174.59	-12.03
Sales per Employee	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	- -
Basic Weighted Avg Shares	27	27	27	12
Basic EPS, GAAP	-0.03	-0.26	-0.58	-0.08
Basic EPS from Cont Ops	-0.03	-0.26	-0.58	-0.08
Diluted Weighted Avg Shares	27	27	27	12
Diluted EPS, GAAP	-0.03	-0.26	-0.58	-0.08
Diluted EPS from Cont Ops	-0.03	-0.26	-0.58	-0.08

Balance Sheet (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	2	2	4	6
+ Cash, Cash Equivalents & STI	1	- -	- -	4
+ Cash & Cash Equivalents	1	- -	- -	4
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	1	1	2	1
+ Accounts Receivable, Net	1	1	1	1
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -
+ Other ST Assets	- -	- -	2	1
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	1	2	1	1
+ Property, Plant & Equip, Net	1	1	1	1
+ Property, Plant & Equip	2	2	2	2
- Accumulated Depreciation	- -	- -	- -	1
+ LT Investments & Receivables	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -
Total Assets	3	3	6	8
+ Payables & Accruals	1	3	10	10
+ Accounts Payable	1	1	7	5
+ Accrued Taxes	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	1	2	3	5
+ ST Debt	- -	- -	10	1
+ ST Borrowings	- -	- -	10	1
+ ST Finance Leases	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	1	10
+ Deferred Revenue	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	1	10
Total Current Liabilities	2	3	20	20
+ LT Debt	4	7	8	1
+ LT Borrowings	3	6	7	- -
+ LT Finance Leases	1	1	1	1
+ Other LT Liabilities	1	1	2	1
+ Accrued Liabilities	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	1	1	2	1
Total Noncurrent Liabilities	5	8	10	2
Total Liabilities	7	12	30	22
+ Preferred Equity and Hybrid Capital	8	8	8	- -
+ Share Capital & APIC	- -	2	5	31
+ Common Stock	- -	- -	- -	- -
+ Additional Paid in Capital	- -	2	5	31
- Treasury Stock	- -	- -	3	- -
+ Retained Earnings	-12	-19	-34	-35
+ Other Equity	- -	- -	- -	- -
Equity Before Minority Interest	-4	-8	-24	-15
+ Minority/Non Controlling Interest	- -	- -	- -	- -
Total Equity	-4	-8	-24	-15
Total Liabilities & Equity	3	3	6	8
Shares Outstanding	27	27	27	29
Number of Employees	- -	- -	- -	- -
Capital Leases - Total	1	1	1	1
Net Debt	3	6	16	-4
Net Debt to Equity	-72.69	-70.27	-66.51	24.55
Tangible Common Equity Ratio	-353.08	-508.19	-603.56	-201.66
Current Ratio	1	0.52	0.2	0.31
Cash Conversion Cycle	- -	-48.49	-301.48	-554.97

Cash Flow Statement (USD)

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	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-1	-7	-15	-1
+ Depreciation & Amortization	- -	- -	- -	- -
+ Non-Cash Items	- -	3	8	-5
+ Stock-Based Compensation	- -	2	1	- -
+ Deferred Income Taxes	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	1	7	-5
+ Chg in Non-Cash Work Cap	- -	1	4	- -
+ (Inc) Dec in Accts Receiv	- -	- -	-1	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	2	5	- -
+ Inc (Dec) in Other	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	-1	-2	-2	-6
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	1	- -	-2	1
+ Increase in Capital Stock	1	- -	- -	1
+ Decrease in Capital Stock	- -	- -	-2	- -
+ Net Change in LT Investment	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	- -	- -
+ Dividends Paid	- -	- -	- -	- -
+ Net Cash From Debt	- -	2	5	- -
+ Cash From Debt	- -	4	8	1
+ Repayments of Debt	- -	-2	-3	-1
+ Other Financing Activities	- -	- -	-1	9
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	1	2	3	9
Effect of Foreign Exchange Rates	- -	- -	- -	- -
Net Changes in Cash	- -	-1	- -	4
EBITDA	-1	-5	-8	-6
EBITDA Margin (%)	-7.68	-67.65	-89.72	-73.59
Free Cash Flow	-1	-3	-2	-6
Net Cash Paid for Acquisitions	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -
Free Cash Flow to Equity	- -	- -	3	-14
Free Cash Flow per Basic Share	-0.03	-0.1	-0.08	-0.48
Price/Free Cash Flow	-665.49	-124.72	-139.42	-3.47
Cash Flow to Net Income	0.78	0.37	0.14	5.96
Capital Expenditures	- -	- -	- -	- -