SUIG appears to have undergone a dramatic business transformation or acquisition, with share count increasing 12x, net losses exploding to $266M, and total assets growing 829% to $190M.
The massive increase in outstanding shares from 6.4M to 76.8M shares, combined with the shift from Minnesota incorporation language to references about "Sui Group Holdings Limited," suggests a major corporate restructuring, reverse merger, or acquisition. The explosion in net losses from -$968K to -$266M alongside dramatically expanded assets indicates either a transformational business combination or severe operational deterioration that requires immediate investor attention.
The company experienced explosive growth in total assets (829% to $190M) and stockholders' equity (759% to $169.7M), but this was accompanied by catastrophic operational performance with net income plummeting from -$968K to -$266M and operating cash flow swinging from positive $5.7M to negative $8.2M. Total liabilities surged 2,783% to $20.6M while the company maintained strong cash reserves of $6M (up 1,503%). The dramatic scale of these changes, combined with the 12x increase in share count, suggests a major business combination or transformation that fundamentally altered the company's financial profile and risk characteristics.
Net income declined 27381.4% — review whether driven by operations, interest costs, or non-recurring items.
Operating income deteriorated sharply — investigate whether driven by one-time charges or structural cost issues.
Liabilities grew 2782.6% — significant increase in debt or obligations, assess impact on financial flexibility.
Current liabilities surged 1677.5% — significant near-term obligations; verify ability to meet short-term debt.
Cash position surged 1502.6% — strong cash generation or capital raise providing significant financial cushion.
Asset base grew 829.8% — expansion through organic growth, acquisitions, or capital deployment.
Equity base grew 759.1% — retained earnings accumulation or equity issuance strengthening the balance sheet.
SG&A up 584.6% — significant increase in sales or administrative costs, monitor impact on operating leverage.
Gross margin compression — rising input costs, pricing pressure, or unfavorable product mix shift.
Operating cash flow fell 245.8% — earnings quality concerns; investigate working capital changes and non-cash items.
See what changed in your portfolio's filings
500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.
Try Tracenotes free →