Back to catalogue
QED

Quadrise PLC

Energy First-pass screen £51m
260/1000 Overall fit
AI beneficiary 35% 5
Operating leverage 25% 43
Valuation 25% 32
Downside protection 15% 38

First-pass take

Pre-revenue clean-energy fuel company with zero AI exposure. Business depends entirely on unproven trials with MSC and Valkor; no binding commercial agreements. Licensing model offers theoretical leverage, but £3.1m annual losses and 18-month cash runway (to Q1 2027) present severe execution risk. Net-cash position only upside.

Flags

not-aipre-revenueloss-makinggoing-concernexecution-riskcustomer-concentrationfeedstock-riskno-valuation-data