ATCHHIGH SIGNALFINANCIAL10-K

ATCH experienced a dramatic deterioration in financial performance with net income collapsing substantially and total assets declining significantly year-over-year.

The company's profitability has essentially evaporated, falling from $11.0M to just $795K in net income, suggesting severe operational challenges or a fundamental shift in the business model. The concurrent massive reduction in total assets from $204.2M to $55.5M indicates either major asset sales, impairments, or a significant restructuring of the business.

Comparing 2025-09-29 vs 2024-04-16View on EDGAR →
FINANCIAL ANALYSIS

ATCH's financial position deteriorated markedly across all key metrics during this period. Net income collapsed from $11.0M to $795K, representing a near-complete erosion of profitability, while total assets declined substantially from $204.2M to $55.5M. Operating cash flow also worsened meaningfully, moving deeper into negative territory from -$1.1M to -$1.8M, painting a picture of a company under severe financial distress or undergoing major restructuring.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
-92.8%
$11.0M$795K

Net income declined 92.8% — review whether driven by operations, interest costs, or non-recurring items.

Total Assets
Balance Sheet
-72.8%
$204.2M$55.5M

Total assets contracted 72.8% — asset sales, write-downs, or balance sheet optimization underway.

Operating Cash Flow
Cash Flow
-67.8%
-$1.1M-$1.8M

Operating cash flow fell 67.8% — earnings quality concerns; investigate working capital changes and non-cash items.

LANGUAGE CHANGES
NEW — 2025-09-29
PRIOR — 2024-04-16
ADDED
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REMOVED
(Exact name of registrant as specified in its charter) Delaware 92-2303797 (State or other jurisdiction of incorporation or organization) (I.R.S.
See the definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.
7262(b)) by the registered public accounting firm that prepared or issued its audit report.
As of April 15, 2024, there were 12,455,157 shares of our Common Stock issued and outstanding, par value $0.0001 per share .
Market for Registrant s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 45 Item 6.
Management s Discussion and Analysis of Financial Condition and Results of Operations 45 Item 7A.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 50 Item 9A.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 58 Item 13.
These statements are based on the beliefs and assumptions of our management.
Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations.
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