RDGT
Ridgetech, Inc.
Price Chart
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Latest Quote
$1.00
+0.04 (+3.66%)
Current Price
| Previous Close | $0.96 |
| Open | $0.98 |
| Day High | $1.19 |
| Day Low | $0.95 |
| Volume | 925,429 |
Stock Information
| Shares Outstanding | 3.63M |
| Total Debt | $23K |
| Cash Equivalents | $17.91M |
| Revenue | $132.16M |
| Net Income | $-1.25M |
| Sector | Healthcare |
| Industry | Pharmaceutical Retailers |
| Market Cap | $3.40M |
| EPS (TTM) | $-17.21 |
| Exchange | NCM |
Recent Price History
No history data available. Data will be fetched automatically.
About Ridgetech, Inc.
Ridgetech, Inc. operates as a wholesale distributor of pharmaceutical and other healthcare products in the People's Republic of China. It operates in two segments, Offline Wholesale and Online Platform. The company engages in the offline and online wholesale distribution of pharmaceutical products, including prescription and over-the-counter drugs, nutritional supplements, traditional Chinese medicine, personal and family care products, and medical devices, as well as convenience products comprising consumable, seasonal, and promotional items. It also distributes other healthcare products, such as health food, cosmetics, and daily necessities. The company was formerly known as China Jo-Jo Drugstores, Inc. and changed its name to Ridgetech, Inc. in February 2024. Ridgetech, Inc. is headquartered in Hangzhou, China.
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Income Statement (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $127,409,588 | $116,132,823 | $119,115,636 | $116,597,751 |
| Cost Of Revenue | $127,409,588 | $116,132,823 | $119,115,636 | $116,597,751 |
| Total Revenue | $132,163,734 | $119,971,638 | $123,994,053 | $120,199,193 |
| Operating Revenue | $132,163,734 | $119,971,638 | $123,994,053 | $120,199,193 |
| Expenses | ||||
| Interest Expense | $67,069 | $0 | $0 | $65,854 |
| Total Expenses | $134,029,749 | $121,006,977 | $123,397,971 | $133,361,517 |
| Other Income Expense | $128,503 | $-8,155 | $-1,620,914 | $-2,310,018 |
| Other Non Operating Income Expenses | $-101,154 | $-8,155 | $-13,377 | $92,358 |
| Net Non Operating Interest Income Expense | $387,992 | $92,834 | $197,763 | $31,582 |
| Interest Expense Non Operating | $67,069 | $0 | $0 | $65,854 |
| Operating Expense | $6,620,161 | $4,874,154 | $4,282,335 | $16,763,766 |
| Selling And Marketing Expense | $3,040,136 | $1,534,200 | $934,223 | $1,266,025 |
| General And Administrative Expense | $3,580,025 | $3,339,954 | $3,348,112 | $15,497,741 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-1,250,422 | $-1,459,568 | $-785,692 | $-15,835,049 |
| Net Interest Income | $387,992 | $92,834 | $197,763 | $31,582 |
| Interest Income | $455,061 | $92,834 | $197,763 | $31,582 |
| Normalized Income | $-1,463,215 | $-1,459,568 | $741,468 | $-14,033,267 |
| Net Income From Continuing And Discontinued Operation | $-1,250,422 | $10,194,467 | $-4,234,228 | $-21,138,525 |
| Total Operating Income As Reported | $-1,866,015 | $-1,035,339 | $596,082 | $-13,162,324 |
| Net Income Common Stockholders | $-1,250,422 | $10,194,467 | $-4,234,228 | $-21,138,525 |
| Net Income | $-1,250,422 | $10,194,467 | $-4,234,228 | $-21,138,525 |
| Net Income Including Noncontrolling Interests | $-1,250,422 | $10,199,851 | $-4,234,242 | $-21,138,777 |
| Net Income Discontinuous Operations | $0 | $11,654,035 | $-3,448,536 | $-5,303,476 |
| Net Income Continuous Operations | $-1,250,422 | $-1,454,184 | $-785,706 | $-15,835,301 |
| Pretax Income | $-1,349,520 | $-950,660 | $-827,069 | $-15,440,760 |
| Interest Income Non Operating | $455,061 | $92,834 | $197,763 | $31,582 |
| Operating Income | $-1,866,015 | $-1,035,339 | $596,082 | $-13,162,324 |
| Gross Profit | $4,754,146 | $3,838,815 | $4,878,417 | $3,601,442 |
| Special Income Charges | - | - | $0 | $0 |
| Per Share | ||||
| Diluted EPS | $-17.21 | $275.87 | $-439.78 | $-6219.00 |
| Basic EPS | $-17.21 | $275.87 | $-439.78 | $-6219.00 |
| Other | ||||
| Tax Effect Of Unusual Items | $16,864 | $0 | $-80,377 | $-600,594 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-1,148,422 | $5,065,592 | $6,165,089 | $-10,041,946 |
| Total Unusual Items | $229,657 | - | $-1,607,537 | $-2,402,376 |
| Total Unusual Items Excluding Goodwill | $229,657 | - | $-1,607,537 | $-2,402,376 |
| Reconciled Depreciation | $363,686 | $6,016,252 | $5,384,621 | $718,002 |
| EBITDA (Bullshit earnings) | $-918,765 | $5,065,592 | $4,557,552 | $-12,444,322 |
| EBIT | $-1,282,451 | $-950,660 | $-827,069 | $-13,162,324 |
| Diluted Average Shares | $72,667 | $36,954 | $9,627 | $3,398 |
| Basic Average Shares | $72,667 | $36,954 | $9,627 | $3,398 |
| Diluted NI Availto Com Stockholders | $-1,250,422 | $10,194,467 | $-4,234,228 | $-21,138,525 |
| Minority Interests | $0 | $-5,384 | $14 | $252 |
| Tax Provision | $-99,098 | $503,524 | $-41,363 | $394,541 |
| Gain On Sale Of Security | $229,657 | - | $-1,607,537 | $-2,402,376 |
| Selling General And Administration | $6,620,161 | $4,874,154 | $4,282,335 | $16,763,766 |
| Other Gand A | $3,580,025 | $3,339,954 | $3,348,112 | $5,137,741 |
| Salaries And Wages | - | $0 | $0 | $10,360,000 |
| Impairment Of Capital Assets | - | - | $0 | $0 |
| Write Off | - | - | - | $0 |
Fetched: 2026-08-10
Balance Sheet (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $36,310,852 | $24,869,688 | $14,363,273 | $14,126,726 |
| Total Assets | $69,027,701 | $64,484,872 | $95,057,090 | $90,970,602 |
| Total Non Current Assets | $4,471,509 | $4,775,625 | $25,374,728 | $26,487,812 |
| Goodwill And Other Intangible Assets | $4,465,786 | $4,766,694 | $1,276,737 | $3,887,285 |
| Other Intangible Assets | $3,002,053 | $3,302,961 | $1,276,737 | $3,887,285 |
| Current Assets | $64,556,192 | $59,709,247 | $69,682,362 | $64,482,790 |
| Other Current Assets | $292,995 | $745,477 | $56,374 | $85,397 |
| Restricted Cash | $8,519 | $5,761,294 | $1,988,710 | $12,762,708 |
| Prepaid Assets | $98,359 | $433,140 | $182,075 | $673,028 |
| Inventory | $8,259,002 | $9,758,071 | $9,076,734 | $15,309,100 |
| Receivables | $37,992,055 | $30,231,484 | $6,253,013 | $16,844,621 |
| Other Receivables | $5,196,109 | $2,419,671 | $218,765 | $2,725,015 |
| Notes Receivable | $0 | $29,108 | $0 | $20,813 |
| Accounts Receivable | $32,466,688 | $27,782,705 | $6,014,511 | $14,098,793 |
| Allowance For Doubtful Accounts Receivable | $-440,679 | $-110,293 | $-164,280 | $-2,313,306 |
| Gross Accounts Receivable | $32,907,367 | $27,892,998 | $6,178,791 | $16,412,099 |
| Cash Cash Equivalents And Short Term Investments | $17,905,262 | $12,779,781 | $2,297,256 | $18,807,936 |
| Cash And Cash Equivalents | $17,905,262 | $12,779,781 | $2,297,256 | $18,807,936 |
| Assets Held For Sale Current | - | $0 | $49,884,574 | - |
| Other Non Current Assets | - | - | $24,089,614 | $765,240 |
| Non Current Prepaid Assets | - | - | $1,119,006 | $1,038,125 |
| Debt | ||||
| Total Debt | $22,669 | $10,386,612 | $6,594,442 | $42,155,365 |
| Current Debt And Capital Lease Obligation | $22,669 | $10,386,612 | $6,594,442 | $34,387,149 |
| Current Debt | $22,669 | $10,386,612 | $6,594,442 | $29,255,776 |
| Net Debt | - | - | $4,297,186 | $10,447,840 |
| Long Term Debt And Capital Lease Obligation | - | - | $6,403,858 | $7,768,216 |
| Other Current Borrowings | - | - | $276,997 | - |
| Long Term Debt | - | - | - | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $28,251,063 | $34,848,490 | $80,763,953 | $74,303,450 |
| Total Non Current Liabilities Net Minority Interest | $356,353 | $492,121 | $6,403,858 | $7,768,216 |
| Non Current Deferred Liabilities | $356,353 | $492,121 | $0 | - |
| Non Current Deferred Taxes Liabilities | $356,353 | $492,121 | $0 | - |
| Current Liabilities | $27,894,710 | $34,356,369 | $74,360,095 | $66,535,234 |
| Current Deferred Liabilities | $364,150 | $264,068 | $174,138 | $695,931 |
| Current Notes Payable | $22,669 | $10,386,612 | $6,594,442 | $29,255,776 |
| Payables And Accrued Expenses | $27,507,891 | $23,705,689 | $31,912,205 | $31,452,154 |
| Payables | $27,301,389 | $23,509,479 | $31,715,006 | $30,695,638 |
| Other Payable | $2,752,548 | $2,319,139 | $592,876 | $1,314,919 |
| Total Tax Payable | $1,790,902 | $1,521,546 | $543,081 | $1,706,909 |
| Accounts Payable | $22,757,939 | $19,666,664 | $30,576,909 | $26,990,250 |
| Liabilities Heldfor Sale Non Current | - | $0 | $6,403,858 | - |
| Other Current Liabilities | - | - | $35,679,310 | - |
| Derivative Product Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $40,776,638 | $29,636,382 | $15,640,010 | $18,014,011 |
| Total Equity Gross Minority Interest | $40,776,638 | $29,636,382 | $14,293,137 | $16,667,152 |
| Stockholders Equity | $40,776,638 | $29,636,382 | $15,640,010 | $18,014,011 |
| Gains Losses Not Affecting Retained Earnings | $1,308,217 | $-199,204 | $2,314,871 | $3,044,244 |
| Other Equity Adjustments | $1,308,217 | $-199,204 | $2,314,871 | $3,044,244 |
| Retained Earnings | $-64,563,201 | $-63,312,779 | $-73,507,246 | $-69,273,018 |
| Other | ||||
| Ordinary Shares Number | $898,906 | $39,033 | $11,622 | $7,899 |
| Share Issued | $898,906 | $39,033 | $11,622 | $7,899 |
| Tangible Book Value | $36,310,852 | $24,869,688 | $14,363,273 | $14,126,726 |
| Invested Capital | $40,799,307 | $40,022,994 | $22,234,452 | $47,269,787 |
| Working Capital | $36,661,482 | $25,352,878 | $-4,677,733 | $-2,052,444 |
| Total Capitalization | $40,776,638 | $29,636,382 | $15,640,010 | $18,014,011 |
| Additional Paid In Capital | $103,898,531 | $93,142,510 | $86,413,978 | $83,958,418 |
| Capital Stock | $133,091 | $5,855 | $418,407 | $284,367 |
| Common Stock | $133,091 | $5,855 | $418,407 | $284,367 |
| Preferred Stock | $0 | $0 | $0 | $0 |
| Current Deferred Revenue | $364,150 | $264,068 | $174,138 | $695,931 |
| Current Accrued Expenses | $206,502 | $196,210 | $197,199 | $756,516 |
| Dueto Related Parties Current | $0 | $2,130 | $2,140 | $683,560 |
| Goodwill | $1,463,733 | $1,463,733 | $0 | - |
| Net PPE | $5,723 | $8,931 | $8,377 | $19,025,090 |
| Accumulated Depreciation | $-45,590 | $-82,664 | $-63,801 | $-12,018,691 |
| Gross PPE | $51,313 | $91,595 | $72,178 | $31,043,781 |
| Machinery Furniture Equipment | $51,313 | $91,595 | $72,178 | $6,170,429 |
| Finished Goods | $8,259,002 | $9,758,071 | $9,076,734 | $15,309,100 |
| Duefrom Related Parties Current | $329,258 | $0 | $19,737 | $0 |
| Minority Interest | - | $0 | $-1,346,873 | $-1,346,859 |
| Capital Lease Obligations | - | - | $11,266,624 | $12,899,589 |
| Long Term Capital Lease Obligation | - | - | $6,403,858 | $7,768,216 |
| Current Capital Lease Obligation | - | - | $4,862,766 | $5,131,373 |
| Investments And Advances | - | - | $1,195,261 | $1,772,072 |
| Leases | - | - | $3,503,702 | $3,134,716 |
| Buildings And Improvements | - | - | $19,444,977 | $19,997,214 |
| Land And Improvements | - | - | $1,656,357 | $1,741,422 |
| Properties | - | - | $0 | $0 |
| Treasury Shares Number | - | - | - | $0 |
| Line Of Credit | - | - | - | - |
| Other Properties | - | - | - | - |
| Other Short Term Investments | - | - | - | - |
Fetched: 2026-08-10
Cash Flow Statement (Annual)
| Metric | 2026-03-31 | 2025-03-31 | 2024-03-31 | 2023-03-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-1,394,394 | $632,503 | $-4,079,077 | $-3,595,231 |
| Operating Activities | ||||
| Operating Cash Flow | $-1,393,945 | $1,247,770 | $-3,155,439 | $-3,283,513 |
| Cash Flow From Continuing Operating Activities | $-1,393,945 | $1,247,770 | $-3,155,439 | $-3,283,513 |
| Operating Gains Losses | - | $-15,757,753 | $1,714,788 | $2,402,376 |
| Investing Activities | ||||
| Capital Expenditure | $-449 | $-615,267 | $-923,638 | $-311,718 |
| Investing Cash Flow | $-449 | $-18,135,078 | $-2,039,850 | $-316,097 |
| Cash Flow From Continuing Investing Activities | $-449 | $-18,135,078 | $-2,039,850 | $-316,097 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $10,883,257 | $7,633,000 | $2,589,600 | $7,325,000 |
| Financing Cash Flow | $-29,714 | $1,505,592 | $8,004,291 | $2,366,156 |
| Cash Flow From Continuing Financing Activities | $-29,714 | $1,505,592 | $8,004,291 | $2,366,156 |
| Net Other Financing Charges | $-321,981 | $-1,173,980 | $1,257,406 | $-838,701 |
| Net Common Stock Issuance | $10,883,257 | $7,633,000 | $2,589,600 | $7,325,000 |
| Common Stock Issuance | $10,883,257 | $7,633,000 | $2,589,600 | $7,325,000 |
| Other | ||||
| Repayment Of Debt | $-24,944,614 | $-56,642,959 | $-53,834,330 | $-62,085,156 |
| Issuance Of Debt | $14,353,624 | $51,689,531 | $57,991,615 | $57,965,013 |
| Interest Paid Supplemental Data | $67,069 | $6,289 | $13,604 | $64,943 |
| Income Tax Paid Supplemental Data | $55,348 | $137,456 | $149,023 | $63,668 |
| End Cash Position | $17,913,781 | $18,541,075 | $32,874,171 | $31,570,644 |
| Beginning Cash Position | $18,541,075 | $32,874,171 | $31,570,644 | $35,339,577 |
| Effect Of Exchange Rate Changes | $796,814 | $1,048,620 | $-1,505,475 | $-2,535,479 |
| Changes In Cash | $-1,424,108 | $-15,381,716 | $2,809,002 | $-1,233,454 |
| Net Issuance Payments Of Debt | $-10,590,990 | $-4,953,428 | $4,157,285 | $-4,120,143 |
| Net Short Term Debt Issuance | $-10,590,990 | $-4,953,428 | $4,157,285 | $-2,308,585 |
| Short Term Debt Payments | $-24,944,614 | $-56,642,959 | $-53,834,330 | $-60,273,598 |
| Short Term Debt Issuance | $14,353,624 | $51,689,531 | $57,991,615 | $57,965,013 |
| Net Business Purchase And Sale | $0 | $-17,519,811 | $-1,116,212 | $-4,379 |
| Sale Of Business | $0 | $4,833,439 | $0 | $0 |
| Purchase Of Business | $0 | $-22,353,250 | $-1,116,212 | $-4,379 |
| Net Intangibles Purchase And Sale | $0 | $0 | $-66,973 | $-12,774 |
| Purchase Of Intangibles | $0 | $0 | $-66,973 | $-12,774 |
| Net PPE Purchase And Sale | $-449 | $-615,267 | $-856,665 | $-298,944 |
| Purchase Of PPE | $-449 | $-615,267 | $-856,665 | $-298,944 |
| Change In Working Capital | $903 | $733,600 | $-5,771,349 | $-3,205,000 |
| Change In Other Working Capital | $83,870 | $-162,940 | $-144,761 | $-1,035,456 |
| Change In Other Current Liabilities | $0 | $-4,637,790 | $-6,191,522 | $0 |
| Change In Other Current Assets | $477,144 | $-1,720,727 | $-43,953 | $890,596 |
| Change In Payables And Accrued Expense | $2,515,414 | $8,938,452 | $5,922,884 | $771,713 |
| Change In Payable | $2,515,414 | $8,938,452 | $5,922,884 | $771,713 |
| Change In Account Payable | $2,009,206 | $-21,128,762 | $6,002,186 | $1,765,488 |
| Change In Tax Payable | $184,773 | $1,314,644 | $-948,277 | $433,054 |
| Change In Income Tax Payable | $184,773 | $1,314,644 | $-948,277 | $433,054 |
| Change In Prepaid Assets | $449,647 | $-341,702 | $-839,221 | $201,984 |
| Change In Inventory | $1,948,887 | $405,822 | $-1,699,621 | $-522,550 |
| Change In Receivables | $-5,474,059 | $-1,747,515 | $-2,775,155 | $-3,511,287 |
| Changes In Account Receivables | $-3,461,596 | $10,040,414 | $-1,804,440 | $-2,531,755 |
| Asset Impairment Charge | $-428,420 | $85,642 | $-249,257 | $7,579,886 |
| Deferred Tax | $-79,692 | $-29,822 | $0 | - |
| Deferred Income Tax | $-79,692 | $-29,822 | $0 | - |
| Depreciation Amortization Depletion | $363,686 | $6,016,252 | $5,384,621 | $718,002 |
| Depreciation And Amortization | $363,686 | $6,016,252 | $5,384,621 | $718,002 |
| Depreciation | $363,686 | $6,016,252 | $5,384,621 | $718,002 |
| Gain Loss On Sale Of PPE | $0 | $0 | $107,251 | $0 |
| Gain Loss On Sale Of Business | $0 | $-15,757,753 | $0 | $0 |
| Net Income From Continuing Operations | $-1,250,422 | $10,199,851 | $-4,234,242 | $-21,138,777 |
| Net Long Term Debt Issuance | - | $0 | $0 | $-1,811,558 |
| Long Term Debt Payments | - | $0 | $0 | $-1,811,558 |
| Stock Based Compensation | - | $0 | $0 | $10,360,000 |
| Gain Loss On Investment Securities | - | - | $1,607,537 | $2,402,376 |
| Proceeds From Stock Option Exercised | - | - | - | $0 |
| Long Term Debt Issuance | - | - | - | $0 |
| Net Investment Purchase And Sale | - | - | - | $0 |
| Sale Of Investment | - | - | - | $0 |
| Purchase Of Investment | - | - | - | - |
| Other Non Cash Items | - | - | - | - |
Fetched: 2026-08-10