MicroAlgo Inc.
VENAW
NASDAQ Capital Market0.07
USD
- -
- -
CIK
0001800392
Return %
Stock
S&P500
1Y
-51.82
18.21
3Y
-75.70
64.38
5Y
-75.70
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Yanming Liu
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 477 Madison New York City NY United States of America
- IPO Date
- Apr 13, 2021
- CIK
- 0001800392
- Similar Companies
- Business
- MicroAlgo Inc. develops and applies bespoke central processing algorithm solutions, serving customers primarily in internet advertisement, gaming, and intelligent chip industries. The company operates through two main segments: Central Processing Algorithm Services, offering algorithm optimization, accelerating computing power without hardware upgrades, data processing, and data intelligence services; and Intelligent Chips and Services, including intelligent chip design, resale of intelligent chips and accessories, and software development. MicroAlgo’s algorithm services target industries such as finance, retail, and logistics, delivering optimized computing and data handling solutions. Founded in 2018 and headquartered in Shenzhen, China, MicroAlgo operates domestically and internationally and is a subsidiary of WiMi Hologram Cloud Inc. In the last two years, MicroAlgo has pursued strategic capital raises through convertible note offerings totaling over $50 million and engaged in a forward purchase agreement with WiMi to maintain majority ownership. The company has advanced its technology portfolio with the development of quantum computing algorithms, including a Grover-based quantum algorithm for pure Nash equilibria in graphical games, quantum neural networks integrated with Grover’s algorithm, and quantum error correction algorithms to improve accuracy in quantum computing applications. It also launched multi-simulator collaborative quantum edge detection algorithms and hybrid classical-quantum optimization solutions. In 2024, MicroAlgo returned to profitability, reporting revenues of RMB 541.5 million, driven by strong demand for its central processing algorithm services and cutting-edge innovations in quantum computing technologies. These recent advancements underscore MicroAlgo’s strategic shift toward integrated quantum algorithm solutions alongside its ongoing core offerings in intelligent chip and software services.