Short answer
Jana Partners filed its fiscal 2024 10-K annual report with the SEC on Jul 15, 2025.
FY2024 key financial metrics · XBRL
- Net income
- −$3M
- −102.3% YoY
- EPS (diluted)
- −$0.01
- ROE
- 93.1%
- +66.9 pp YoY
- Operating cash flow
- −$96,029
- −33.0% YoY
Source: XBRL data from the Jana Partners FY2024 10-K on SEC EDGAR. USD.
Jana Partners FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: manufacturing advanced materials and technologies for sustainable energy and water sectors with strong ESG focus
- New subsidiary QSM formed to reshore solar silicon wafer manufacturing in USA, Australia, and New Zealand targeting local production starting Q1/Q2 2026
- Strategic shift emphasizes reshoring solar supply chain to reduce China dependency, leveraging US Inflation Reduction Act and Australian "Made in Australia" incentives
- Employee plan to grow to minimum 30 fulltime/part-time within 12 months from current consultant-based workforce
- Temporarily paused water harvesting and graphene developments to focus resources on establishing solar manufacturing business
Management Discussion & Analysis
- Revenue $0 for FY 2025 and FY 2024, no YoY change as operations pre-revenue
- Net loss widened to $2.54M for FY 2025 from $1.31M in FY 2024; operating expenses increased to $2.56M from $1.27M
- No segments reported revenues; focus on silicon wafers and solar cells development, initial production targeted FY 2025
- Cash from financing $117.9K in FY 2025 (notes $110.9K, shares $7K); operating cash outflow $96K; minimal cash $1,845 at fiscal year end
- Management warns going concern risks, dependent on imminent capital raises; potential strategic alternatives include joint ventures, asset monetization, or sale
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