Astra Veda Corp (ASTA)

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Breakdown of ASTA financials:

According to its 2022 annual report, ASTA’s assets decreased year over year from $703.8 thousand to $398.8 thousand.

Meanwhile, its cash balance sharply sank from $634.2 thousand to $66.3 thousand.

On the other hand, liabilities ballooned from $819.6 thousand to $1 million.

In terms of revenues, ASTA witnessed a year over year decline from $911.2 thousand to $685 thousand. To make things worse, its expenses rose substantially from $850.4 thousand to $1.2 million.

As a result of these drastic changes, ASTA’s net income of $111 thousand in 2021 turned into a net loss of $508.6 thousand.