AKLI

Without a trace of pleasantries, let's catapult ourselves directly into the deep, brackish waters of Akili's Q3 2023 balance sheet. For those investors who prefer skipping naps for an adrenaline pump of data analysis, you're in the right place. Starting in the shallow end – operating expenses are sitting at a hefty $18,848,000 (Operating_expenses). Alarmingly, their revenues (revenues) stand at a modest $702,000 which sheds light on a deplorable net income loss (net_income_loss) of $15,876,000. The currents in these financials can give a seasoned swimmer a stomach lurch, as these figures reveal an unsettling reality of Akili Inc. If I were a stand-up comedian, I'd quick-wittedly say they're sinking faster than my Aunt Edna's destructive meatloaf at a vegan potluck. They have reported a net cash flow from operating activities (net_cash_flow_from_operating_activities) of $-18,045,000 but salvaged some dignity with a net cash flow from investing activities (net_cash_flow_from_investing_activities) of $37,497,000. Checking Akili's pulse via its balance sheet, total assets (assets) $93,142,000 and total liabilities (liabilities) stand at $24,048,000. The company has an impressive chest of treasure – $86,281,000 in cash (cash), a significant lifebuoy for any company. However, remember - cash doesn't equate to profitability or even viability. As evidenced by their income statement showing a basic earning per share of $-0.2 (basic_earnings_per_share), they seem to be bleeding money like a newbie in a poker game. It's like hosting a torrentially expensive party, but no one's buying tickets. Also, it's worth noting, their currents liabilities (current_liabilities) $13,049,000 and noncurrent liabilities (noncurrent_liabilities) of $10,999,000 paired with an accounts payable (accounts_payable) of $1,217,000 do not make for pleasant reading. Best to read this part while sipping on a strong drink, preferably one that induces a bout of selective memory loss. Equity attributable to parents (equity_attributable_to_parent), is $69,094,000. Essentially what this move is suggesting is that Akili Inc. might still look like a duck, quack like a duck, but unfortunately isn't laying golden eggs just yet - they're hoping that dear old Mum and Dad will toss a few their way. In conclusion, while Akili Inc. appears to have significant cash in hand and maintain reasonable assets over liabilities, their operating expenses and net income loss make it clear that this stock is a risky gamble at best, akin to skydiving with thrift-store parachutes. Their fiscal health is as stimulating as a snail racing competition. For seasoned investors with graphs in their hearts, numbers in their dreams, and risk in their veins, Akili Inc. might call your bluff. But for the rest, don’t forget your life jackets when inspecting those turbulent numbers. See you at the next balance sheet – it’s a wild ride, isn't it?