It has been sometime since I’ve reviewed Tantalus. They caught some renewed interest coming out of the Planet Microcap conference in Vegas last month including a member investor pitch on day one. I attended their presentation that week and wrote about that experience in my April WWW - What’s Wolf Watching article for paid subscribers. To summarize I felt that they had a great story and potential opportunity with their technology, but I was left rather unimpressed with their overall numbers, including their debt. While not a large sum in total, the interest rates are unflattering and the cost of that debt accounted for 60% of their losses in 2024.
Tantalus’ share price broke out after the conference and rose by approximately 25%. Then their financial dropped which became somewhat of a sell the news event although any investors who jumped in at the conference are still sitting in green territory.
The actual financials are a couple of weeks old now, but look rather simple and straight forward. Let’s take a look.
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