WebsiteIntroduction
ENLIGHTIFY INC (NYSE: ENFY) produces and distributes humic acid–based compound fertilizers and related agricultural products. Founded in 1987 and headquartered in Xi’an, Shaanxi Province, China, the company serves wholesalers and retailers of farm products in China, exports to markets including India and Africa, and participates in digital asset mining through its subsidiary Antaeus Tech Inc. in the United States.
| Ticker | Price (2025-10-13) | Change (%) | Volume | Exchange |
|---|---|---|---|---|
| ENFY | $0.5527 | −24.04 | 204,691 | NYSE |
Corporate Structure
Enlightify operates through four main segments:
- Jinong (Fertilizer Production): Shaanxi TechTeam Jinong Humic Acid Product Co., Ltd.
- Gufeng (Fertilizer Production): Beijing Gufeng Chemical Products Co., Ltd.
- Yuxing (Agricultural Products): Production of fruits, vegetables, flowers, and seedlings.
- Antaeus (Digital Asset Mining): Digital asset mining via Antaeus Tech Inc., established in Delaware with operations in Texas.
The company employs staff across its subsidiaries in China and the U.S. The management team has expertise in agricultural chemistry and technology.
Fertilizer Production by Hussaini Moiwala
Developments and News
- On September 10, 2025, Enlightify notified the New York Stock Exchange that its 30-trading-day average closing price had fallen below the $1.00 minimum listing standard. The company has up to six months, subject to extension, to regain compliance.
- On September 30, 2025, the company filed an NT 10-K notification indicating a delay in completing its annual report for the fiscal year ended June 30, 2025, with plans to file the completed Form 10-K by mid-October 2025.
- On September 25, 2025, Enlightify submitted a PRE 14A proxy statement in advance of its annual shareholder meeting, covering governance proposals and board elections.
Financial and Strategic Analysis
For the nine months ended March 31, 2025, Enlightify reported net sales of $56.5 million, a 22.7% year-over-year decline primarily due to lower fertilizer sales. Fertilizer products accounted for 86.9% of revenue, agricultural products 12.8%, and Bitcoin mining 0.3%. The net loss was $7.85 million, a 56.5% reduction year-over-year, helped by a 47.7% decrease in general and administrative expenses.
Key metrics as of March 31, 2025:
- Cash and cash equivalents: $48.8 million (down 17% from June 30, 2024)
- Gross profit: $12.4 million; gross margin: 22.0% (up from 19.6%)
- Operating expenses: $19.6 million (down 39.7%)
- Net cash used in operations: $7.3 million
- Accounts receivable: $22.4 million (up 36%); allowance for doubtful accounts: 55.8%
- Inventories: $32.8 million (down 13.3%); recorded inventory loss of $2.1 million
The company has authorized a share repurchase program for up to 2 million shares, with 345,980 repurchased for $398,526 to date. Management anticipates sufficient liquidity and positive projected cash flow to support operations over the next twelve months.
Market Position and Industry Context
Enlightify competes in the fertilizers and agricultural chemicals sector, with a market capitalization of approximately $11.5 million and 15.77 million shares outstanding. The company’s focus on humic acid–based fertilizers differentiates it from competitors offering synthetic or blended alternatives. Industry metrics indicate that average gross margins in the materials sector range from 20% to 30%, placing Enlightify’s 22.0% margin within this range. Ongoing price pressures in agricultural commodities and fluctuations in currency exchange rates are noted risks in the industry.
tl;dr
On September 10, 2025, Enlightify notified the NYSE of a sub-$1.00 average share price and was granted up to six months to regain compliance. The stock closed at $0.5527 on October 13, 2025, reflecting a 24.04% decline. The company expects to file its delayed Form 10-K by mid-October 2025 and aims to leverage $48.8 million in cash along with positive projected cash flows to support ongoing operations, share repurchases, and diversification into digital asset mining.
