← BackAtlas Lithium Corp · Mining & Quarrying of Nonmetallic MineralsATLX
Elevated riskNext report: Not enough history
The short versionA company still losing money with shrinking sales, with elevated risk. Institutions are trimming.
Watch out for
- About 19 months of cash left at its current burn
- Share count growing 58.1% a year (dilution)
- Losing money, losses are large next to sales
Money moves
- No insider buying or selling in the last 30 days
- Institutions cut 45% from their holdings in the quarter ending June 2026 (18 bought, 20 sold)
Facts from SEC filings, not a recommendation.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26 (worked out from yearly totals)Not reported
Sep '23Tap a barJun '26
Over 5 years, sales grew about 39% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-76.8%
- PassDebt under half of equityNot relying on borrowed money.No debt reported
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
- MissProfitable every yearSteady profits, not one good year.0 of 10 years
- MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$28.3M
- MissShare count not growingNot diluting owners. Falling means buybacks.+295.5% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.-49.0%
- Revenue
- $121K
- -83.8% vs prior year
- 5-year growth
- +38.9%/yr
- revenue, per year
- Total debt
- None
- 0.00x equity
- Current ratio
- 2.56x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- EPS
- -$0.35
- vs -$0.31
- Free cash flow
- -$8.2M
- Share count
- +63.1%
- vs a year ago
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.5
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-44.5%Institutions cut 44.5% from their holdings. 18 bought, 20 sold. 2 quarters of net selling in a row.
Shares held by institutions2.9M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+41.5%Cash runwayAt last year's cash burn
20 monthsDebt to equityLatest balance sheet: debt compared with what owners have
No debt reportedShares outstandingLatest reported
30MWhy elevated risk- Losing money, losses are large next to sales
- About 20 months of cash left at its current burn
- Share count growing 41.5% a year (dilution)
- Revenue down 86.1% from the year before
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardIgor TkachenkoVP, Corporate Strategy
11,513 shares
- +3% of holdings
- Now owns 355,142 shares
- Filed 1 day after trade
Stock awardIgor TkachenkoVP, Corporate Strategy
11,475 shares
- +3% of holdings
- Now owns 343,629 shares
- Filed 2 days after trade
Stock awardTiago MirandaChief Financial Officer
105,543 shares
- Now owns 105,543 shares
- Filed 65 days after trade
- Also: Returned to company
Stock awardIgor TkachenkoVP, Corporate Strategy
10,803 shares
- +3% of holdings
- Now owns 332,154 shares
- Filed 3 days after trade
Returned to companyMarc FogassaChief Executive Officer, Director, 10% owner
28,663 shares at $3.01 avg ($3.01 to $3.02) · $86K
- +1% of holdings
- Now owns 4,962,730 shares
- 2 transactions
- Filed 1 day after trade
Stock awardIgor TkachenkoVP, Corporate Strategy
8,883 shares
- +3% of holdings
- Now owns 321,351 shares
- Filed 2 days after trade