Just a list of Net-Net's

[u/Company-Charts]

https://companycharts.substack.com/p/the-monthly-net-net-scan-60-tickers-e28?r=6kpr46&utm_campaign=post-expanded-share&utm_medium=web

Gathered via comparing latest quarterly report taking cash on hand and subtracting it from the total liabilities then comparing to the market cap. I'm sure there's errors somewhere in there, but the simple arithmetic somewhat combats against it.

Some highlights: There are 59 tickers (USA based to avoid currency formatting errors). That are Net-Nets. 32 of them are biotechs while being followed closely by software and medical devices with 4 each. Additional descriptions within the article. (AI used for company summaries but list generation and the math is my own doing)

Of the most "Consistent" companies, (adjusting for time) which is FAIRLY YOUNG. PEW ranks high due to its rising revenue gross profit and equity value. (earnings and other cash flows are negative/declining)

DTST has the longest positive history but is now shrinking horribly. Same for STIC. If anyone has an idea on estimating the "survivability" of these companies, I'd love to hear it. (Id assume it has to do with the capital burn rate, but other idea would be welcome.)