Added to YB: 2024-08-30
Pitch date: 2024-08-29
AILE [bearish]
iLearningEngines, Inc.
+99.99%
current return
Author Info
Company Info
iLearningEngines, Inc. operates an artificial intelligence (AI) platform for learning automation. The company’s AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules.
Market Cap
$190.6M
Pitch Price
$1.52
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.99
P/E
-0.40
EV/Sales
0.54
Sector
Software
Category
N/A
iLearningEngines: An Artificial Intelligence SPAC With Artificial Partners And Artificial Revenue
AILE short: 96% rev/costs via undisclosed related party Experion. Indian subsidiary shows 99.4% less rev than claimed. No patents, minimal AI focus pre-IPO. Auditor Marcum fined $13M for SPAC audit issues. Expect delisting due to suspect financials.
Read full article (21 min)