m_and_a
confidence high
sentiment negative
materiality 0.70
Datavault AI (DVLT): acquired CompuSystems had $157K net loss FY2024, $3.2M deficit
Datavault AI Inc.
- CSI FY2024 (9 mos) sales $11.5M, net loss $157K; FY2023 net loss $4.16M incl $1.6M impairment.
- Stockholders' deficit $3.2M at Dec 2024; accumulated deficit $7.0M; auditor cites going concern.
- Q1 2025 net income $459K from $1M break-up fee; core operating loss $419K on $2.58M sales.
- CSI had $1.75M revolver, $1.18M term loan, $1.03M shareholder loan; cash only $191K Dec 2024.
- Asset sale to DVLT closed by April 2025; prior failed deal generated break-up fee in Q1 2025.
item 9.01