New Risk • Jun 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 7x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 103% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 7x increase in shares outstanding). Revenue is less than US$1m (US$523k revenue). Minor Risk Market cap is less than US$100m (US$32.8m market cap). Reported Earnings • Apr 01
Full year 2025 earnings released: US$0.32 loss per share (vs US$0.052 loss in FY 2024) Full year 2025 results: US$0.32 loss per share (further deteriorated from US$0.052 loss in FY 2024). Net loss: US$5.10m (loss widened US$4.44m from FY 2024). Tillkännagivande • Mar 25
iTonic Holdings Ltd. announced that it expects to receive $20 million in funding iTonic Holdings Ltd. announced that it has entered into a private placement subscription agreement with certain investors for a private placement offering of 100,000,000 Class A ordinary shares of par value $0.0001 per share at an issue price of $0.20 per Class A Ordinary Share for gross proceeds of $20,000,000 on March 23, 2026. The Private Placement is expected to close in April 2026, subject to satisfaction or waiver of the condition's precedent set forth in the Subscription Agreement. The Class A Ordinary Shares issued in the Private Placement are subject to a six-month lock-up period from the date of issuance. Board Change • Feb 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Pengfei Zhang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Jan 27
iTonic Holdings Ltd. Announces Directorate and Committee Changes Effective January 22, 2026 iTonic Holdings Ltd. announced that on January 22, 2026, Mr. Yun Fai Wong tendered his resignation as an independent director of the Company, effective immediately, due to personal reasons. Concurrently with the resignation of Mr. Wong, the board of directors of the Company appointed Mr. Bin Wu to succeed Mr. Wong as a new independent director of the Company on January 22, 2026. Mr. Wu was also appointed to succeed Mr. Wong as a member of the Audit Committee, the Corporate Governance and Nominating Committee and the Compensation Committee of the Company and will replace Mr. Yun Fai Wong as the chair of the Corporate Governance and Nominating Committee. Mr. Bin Wu will become the new chair of the Corporate Governance and Nominating Committee. Mr. Wu graduated from Wuhan University in July 1987 and obtained a Master of Business Administration from Duke University. The Company believes that Mr. Bin Wu qualifies as an independent director of the Company in accordance with Nasdaq Listing Rules and regulations of the Securities and Exchange Commission. New Risk • Jan 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 31% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$3.4m free cash flow). Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 113% per year over the past 5 years. Revenue is less than US$1m (US$305k revenue). Market cap is less than US$10m (US$7.50m market cap). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). Reported Earnings • Dec 18
First half 2025 earnings released: US$0.14 loss per share (vs US$0.024 loss in 1H 2024) First half 2025 results: US$0.14 loss per share (further deteriorated from US$0.024 loss in 1H 2024). Net loss: US$2.04m (loss widened US$1.75m from 1H 2024). New Risk • Dec 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.40m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 29% over the past year. Revenue is less than US$1m (US$448k revenue). Market cap is less than US$10m (US$9.40m market cap). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). Board Change • Dec 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Pengfei Zhang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Tillkännagivande • Nov 27
Pheton Holdings Ltd, Annual General Meeting, Dec 19, 2025 Pheton Holdings Ltd, Annual General Meeting, Dec 19, 2025, at 10:00 China Standard Time. Location: the executive centre - china resources tower no., 2666 south keyuan road, nanshan district, shenzhen, China New Risk • Oct 06
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Revenue has declined by 29% over the past year. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Revenue is less than US$1m (US$448k revenue). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (US$19.5m market cap). New Risk • Sep 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 73% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Revenue has declined by 29% over the past year. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Revenue is less than US$1m (US$448k revenue). Minor Risk Market cap is less than US$100m (US$22.2m market cap). New Risk • Jul 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$23.5m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Revenue has declined by 29% over the past year. Revenue is less than US$1m (US$448k revenue). Minor Risk Market cap is less than US$100m (US$23.5m market cap). Reported Earnings • Mar 21
Full year 2024 earnings released: US$0.052 loss per share (vs US$0.02 loss in FY 2023) Full year 2024 results: US$0.052 loss per share (further deteriorated from US$0.02 loss in FY 2023). Net loss: US$660.6k (loss widened 174% from FY 2023). New Risk • Feb 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$572k revenue). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$37.9m market cap). Reported Earnings • Oct 18
First half 2024 earnings released: US$0.024 loss per share (vs US$0.007 loss in 1H 2023) First half 2024 results: US$0.024 loss per share (further deteriorated from US$0.007 loss in 1H 2023). Revenue: US$210.5k (down 21% from 1H 2023). Net loss: US$285.1k (loss widened 241% from 1H 2023). Tillkännagivande • Sep 06
Pheton Holdings Ltd has completed an IPO in the amount of $9 million. Pheton Holdings Ltd has completed an IPO in the amount of $9 million.
Security Name: Class A Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,250,000
Price\Range: $4
Discount Per Security: $0.28 Board Change • Sep 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Director Pengfei Zhang is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 