Pony Group Inc is a holding company incorporated in Delaware with its operating subsidiaries located in Hong Kong and Shenzhen. Most of our cash is maintained in Chinese Yuan. We conduct no other business and, as a result, we depend entirely upon our Hong Kong and Shenzhen operating subsidiaries’ earnings and cash flow. If we decide in the future to pay dividends, as a holding company, our ability to pay dividends and meet other obligations depends upon the receipt of dividends or other payments from our operating subsidiary. There are currently no restrictions of transferring funds between our Delaware holding company and our operating subsidiaries in Hong Kong and Shenzhen or limitations on the ability of our Hong Kong and Shenzhen subsidiary to issue dividends or other distributions to its overseas shareholders. However, we cannot assure you that the oversight of the PRC government will not be extended to companies operating in Hong Kong and Shenzhen like our Hong Kong and Shenzhen subsidiaries. There is a possibility that the PRC government could prevent our cash maintained in Hong Kong or Shenzhen from leaving or the PRC could restrict the deployment of the cash into our business or for the payment of dividends. However, we do not expect that a restriction into the deployment of cash into our business to affect the use of our assets in our ordinary course of business. Nevertheless, any such controls or restrictions in the future could adversely affect our ability to finance our cash requirements, service debt or make dividend or other distributions to our stockholders and could result in a material adverse change to our business operations, our prospects, financial condition, and results of operations, and could cause our common stock to significantly decline in value or become worthless.
Company profile
Ticker
PNYG
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Pony Limousine Services Limited ...
IRS number
833532241
Latest filings (excl ownership)
10-Q
2023 Q3
Quarterly report
13 Nov 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
UPLOAD
Letter from SEC
5 Jul 23
10-K/A
2022 FY
Annual report (amended)
30 Jun 23
CORRESP
Correspondence with SEC
30 Jun 23
UPLOAD
Letter from SEC
15 Jun 23
10-Q
2023 Q1
Quarterly report
15 May 23
8-K
Changes in Registrant's Certifying Accountant
4 May 23
10-K/A
2021 FY
Annual report (amended)
11 Apr 23
CORRESP
Correspondence with SEC
11 Apr 23
Latest ownership filings
No filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 27.13 k | 27.13 k | 27.13 k | 27.13 k | 27.13 k | 27.13 k |
Cash burn (monthly) | 1.52 k | 1.75 k | 4.60 k | 10.08 k | 15.93 k | 10.47 k |
Cash used (since last report) | 9.07 k | 10.51 k | 27.56 k | 60.36 k | 95.35 k | 62.68 k |
Cash remaining | 18.06 k | 16.63 k | -424.25 | -33.22 k | -68.22 k | -35.55 k |
Runway (months of cash) | 11.9 | 9.5 | -0.1 | -3.3 | -4.3 | -3.4 |