ADURO CLEAN TECHNOLOGIES INC.
ADUR · Chemicals & Allied Products · EDGAR filings ↗
Grade
D44Pre-commercial clean-tech with deep losses, declining revenue and under one year of cash runway.
Strengths
- Pristine balance sheet liquidity (current/quick ratio ~16x, 100th pct) with negligible debt
- Net income loss narrowed (net_income_growth 66.7th pct)
Risks
- Deeply negative margins (net -52.5%, operating -51.6%, FCF -45%, all bottom-decile) and ROA 18.8th pct
- Cash runway ~2.7 quarters (32.6th pct) implies near-term dilution/financing dependence
- Revenue declined 35% (21.4th pct), no commercial traction yet
Notable findings
- No interest coverageInterest coverage -968.91 (cannot cover interest)
- Net lossNet loss (net margin -5253.1%)
- Cash burnNegative free cash flow (-7.3M)
- Revenue declineRevenue -35.3% YoY
Key metrics
Operating margin
-5163.2%
Net margin
-5253.1%
Return on equity
-103.0%
Return on assets
-94.6%
Revenue growth (QoQ)
-35.3%
Interest coverage
-968.9×
Current ratio
16.2×
Free cash flow
-$7M
Tangible book value
$8M
Cash & investments
$5M
Cash runway
3q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2025-08-27 | 2025-05-31 | 0001062993-25-015005 ↗ |