ALTITUDE INTL INC (ALTD) Financials

ALTD

FY2022 annual

Revenue $12.2M +85.1% YoY

Net Income -$8.6M -368.4% YoY

EPS (Diluted) Not reported for FY2022

Operating Cash Flow -$3.5M -104.3% YoY

Source SEC Filings (10-K/10-Q) Latest period FY2022, ended Dec 31, 2022 Reported Mar 22, 2023 Currency USD FYE December

Newest figures come from the 10-K for FY2022, filed Mar 22, 2023. Each column of the statement tables below links to the filing it was taken from.

ALTITUDE INTL INC (ALTD) reported $12.2M in revenue for fiscal year 2022, up 85.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ALTD FY2022 2026-10-04

Revenue expanded, but losses widened faster, leaving operations dependent on financing and a balance sheet with limited short-term flexibility.

As revenue nearly doubled from FY2021 to FY2022, operating margin deteriorated from -36.7% to -61.9%; growth therefore coincided with weaker cost absorption rather than improved operating efficiency.

The FY2022 net loss was $8.6M versus operating cash outflow of $3.5M, so reported earnings were substantially worse than cash movement. That gap can reflect noncash charges or working-capital timing, while $13.1M of financing inflow alongside $1.7M investing outflow shows external funding carried the cash burden.

Short-term liquidity was thin: current assets were only 0.2x current liabilities, and reported liquidity equaled 5.5 months of the latest annual operating outflow. Meanwhile, liabilities of $77.9M represented most of the $101.0M asset base, despite positive equity. The share count rose from 355.1M to 492.2M shares, consistent with financing being a major source of balance-sheet support.

Financial Health Signals

Financial health score not available

ALTITUDE INTL INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-0.42

ALTITUDE INTL INC scores -0.42, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($49K) relative to total liabilities ($77.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

2/8

ALTITUDE INTL INC passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

ALTITUDE INTL INC reported a net loss of $8.6M while operations used $3.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

ALTITUDE INTL INC reported an operating loss of $7.6M against $487K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.5M

QoQ+53.5%

ALTITUDE INTL INC generated $4.5M in revenue in Q4 2022. Against the prior quarter it is up 53.5%.

EBITDA

-$5.7M

QoQ-1053.9%

ALTITUDE INTL INC's EBITDA was -$5.7M in Q4 2022, measuring earnings before interest, taxes, depreciation, and amortization. Against the prior quarter it is down 1053.9%.

Net Income

-$6.3M

QoQ-497.1%

ALTITUDE INTL INC reported -$6.3M in net income in Q4 2022. Against the prior quarter it is down 497.1%.

EPS (Diluted)

Not reported for Q4 2022.

Cash & Balance Sheet

Cash & Debt

$1.6M

YoY+277.2%

QoQ-25.7%

5Y CAGR+129.9%

ALTITUDE INTL INC held $1.6M in cash against $3.7M in long-term debt as of Q4 2022.

Shares Outstanding

492M

YoY+38.6%

QoQ0.0%

5Y CAGR+85.1%

ALTITUDE INTL INC had 492M shares outstanding in Q4 2022. This represents an increase of 38.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q4 2022.

Dividends Per Share

Not reported for Q4 2022.

Margins & Returns

Return on Equity

-27.5%

QoQ-23.8pp

ALTITUDE INTL INC's ROE was -27.5% in Q4 2022, measuring profit generated per dollar of shareholder equity. Against the prior quarter it is down 23.8 percentage points.

Gross Margin

Not reported for Q4 2022.

Operating Margin

Not shown for Q4 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q4 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Capital Allocation

None of these metrics is reported for Q4 2022.

ALTD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ALTD quarterly income statement

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Revenue	$12.2M+85.1%	$6.6M+19.4%	$5.5M+2342.3%	$226K+186.7%	$79K	$0-100.0%	$5K-94.3%	$90K
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	$5K-90.4%	$53K
SG&A Expenses	$4.3M+80.6%	$2.4M+62.1%	$1.5M+1146.6%	$119K+760.7%	$14K	$0	N/A	N/A
Operating Income	-$7.6M-212.1%	-$2.4M-312.6%	-$587K+18.5%	-$720K	N/A	N/A	-$133K-193.3%	-$45K
EBITDA	-$7.2M-230.1%	-$2.2M-309.2%	-$536K+25.1%	-$716K	N/A	N/A	N/A	N/A
Interest Expense	$487K+2031.4%	$23K-49.8%	$45K+100.6%	$23K-54.4%	$50K	$0-100.0%	$2K+71.4%	$875
Income Tax	N/A	N/A	N/A	N/A	$0	$0	$0	$0
Net Income	-$8.6M-368.4%	-$1.8M-1649.1%	-$105K+85.8%	-$744K	N/A	N/A	N/A	-$46K
EPS (Basic)	-$0.02-100.0%	-$0.01	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'2210-K	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K	Q3'2110-Q	Q2'2110-Q	Q1'2110-Q
Revenue	$4.5M	$2.9M+50.5%	$2.7M	$2.1M	N/A	$1.9M	N/A	N/A
SG&A Expenses	$1.4M	$1.1M+194.5%	$1.1M	$718K+37.1%	N/A	$376K	N/A	$524K+1576.0%
Operating Income	-$6.0M	-$578K+82.2%	-$736K-533.8%	-$288K-1126.1%	N/A	-$3.3M	-$116K-56.3%	$28K+128.5%
EBITDA	-$5.7M	-$498K+84.6%	-$722K-559.1%	-$274K-891.5%	N/A	-$3.2M	-$110K-49.6%	$35K+135.5%
Interest Expense	$221K	$195K+10849.7%	$55K+549.0%	$16K+68.7%	N/A	$2K-87.1%	$8K+1983.6%	$9K+28.8%
Net Income	-$6.3M	-$1.1M+67.3%	-$912K-632.1%	-$304K	N/A	-$3.3M	-$125K-66.7%	N/A
EPS (Basic)	-$0.01-150.0%	$0.00+100.0%	$0.00	$0.00	$0.02	-$0.01	$0.00	$0.00

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Income Tax, EPS (Diluted), Diluted Shares (Avg).

ALTD Balance Sheet

ALTD quarterly balance sheet

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Total Assets	$101.0M+230.0%	$30.6M+3148.0%	$943K+2951.9%	$31K+25.7%	$25K-50.6%	$50K+36.8%	$36K-76.5%	$155K
Current Assets	$3.5M+354.7%	$764K+16.4%	$657K+3470.3%	$18K+130.3%	$8K-72.5%	$29K-1.1%	$29K-66.5%	$88K
Cash & Equivalents	$1.6M+277.2%	$423K+215.8%	$134K+1520.9%	$8K+239.6%	$2K-90.2%	$25K	$0-100.0%	$88K
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$364K+125.8%	$161K+219.0%	$51K	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$738K+706.7%	$92K-66.1%	$270K	N/A	$0	N/A	N/A	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$29.5M0.0%	$29.5M	$0	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$77.9M+2356.7%	$3.2M+5.9%	$3.0M+595.5%	$431K-18.9%	$531K+141.0%	$220K+71.4%	$128K+75.0%	$73K
Current Liabilities	$15.0M+698.4%	$1.9M-37.9%	$3.0M+603.6%	$431K-18.9%	$531K+141.0%	$220K+180.7%	$78K+666.6%	$10K
Non-Current Liabilities	$62.9M+4778.3%	$1.3M+389.5%	$263K	$0	$0	$0-100.0%	$50K-20.8%	$63K
Long-Term Debt	$3.7M+182.1%	$1.3M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$23.1M-15.8%	$27.4M+1437.7%	-$2.1M-413.3%	-$400K+21.0%	-$506K-197.0%	-$170K-85.1%	-$92K-213.1%	$81K
Retained Earnings	-$11.5M-295.6%	-$2.9M-36.0%	-$2.1M+25.7%	-$2.9M-34.7%	-$2.1M-637.5%	-$290K-30.5%	-$223K-491.9%	-$38K

Metric	Q4'2210-K	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K	Q3'2110-Q	Q2'2110-Q	Q1'2110-Q
Total Assets	$101.0M+230.0%	$104.2M+3.9%	$34.2M+78933.1%	$32.5M+23403.0%	$30.6M+3148.0%	$100.3M+558483.6%	$43K+70.6%	$138K+330.0%
Current Assets	$3.5M+354.7%	$4.1M+234.5%	$4.2M+9682.1%	$2.5M+1702.1%	$764K+16.4%	$1.2M+16007.6%	$43K+189.9%	$138K+568.3%
Cash & Equivalents	$1.6M+277.2%	$2.1M+561.5%	$1.7M+41128.8%	$917K+858.2%	$423K+215.8%	$325K+19475.9%	$4K+55.4%	$96K+4328.4%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$364K+125.8%	$272K+26.1%	$256K	$146K	$161K+219.0%	$216K	N/A	N/A
Accounts Receivable	$738K+706.7%	$822K+56.4%	$830K	$839K	$92K-66.1%	$525K	N/A	N/A
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$29.5M0.0%	$29.7M-70.0%	$29.7M	$29.7M	$29.5M	$98.8M	N/A	N/A
Total Liabilities	$77.9M+2356.7%	$74.8M+2473.9%	$6.9M+103.0%	$4.8M+40.3%	$3.2M+5.9%	$2.9M+553.3%	$3.4M+905.1%	$3.4M+535.4%
Current Liabilities	$15.0M+698.4%	$12.2M+502.0%	$5.8M+1241.0%	$3.1M+782.8%	$1.9M-37.9%	$2.0M+820.4%	$431K+26.7%	$348K-34.8%
Non-Current Liabilities	$62.9M+4778.3%	$62.6M+7005.4%	$1.2M-61.2%	$1.7M-44.5%	$1.3M+389.5%	$881K+291.9%	$3.0M	$3.0M
Long-Term Debt	$3.7M+182.1%	$5.3M	$4.0M	N/A	$1.3M	N/A	N/A	N/A
Total Equity	$23.1M-15.8%	$29.5M-69.7%	$27.3M+907.8%	$27.8M+952.8%	$27.4M+1437.7%	$97.4M+22920.9%	-$3.4M-972.4%	-$3.3M-548.6%
Retained Earnings	-$11.5M-295.6%	-$5.2M+19.1%	-$4.1M+35.3%	-$3.2M+48.0%	-$2.9M-36.0%	-$6.4M-103.8%	-$6.4M-108.3%	-$6.2M-107.2%

ALTD Cash Flow Statement

ALTD quarterly cash flow statement

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Operating Cash Flow	-$3.5M-104.3%	-$1.7M-88.1%	-$899K-243.0%	-$262K-41.4%	-$185K-134.2%	-$79K+13.9%	-$92K-271.5%	-$25K
Depreciation & Amortization	$322K+40.1%	$230K+348.4%	$51K+1149.7%	$4K0.0%	$4K+99.9%	$2K	N/A	N/A
Stock-Based Compensation	$223K-66.1%	$658K+4896.6%	$13K-97.1%	$452K-70.0%	$1.5M	$0+100.0%	-$1K	$0
Capital Expenditures	N/A	N/A	N/A	N/A	$0-100.0%	$10K	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	-$185K-106.9%	-$90K	N/A	N/A
Investing Cash Flow	-$1.7M-76837.7%	$2K+118.5%	-$12K	N/A	$0+100.0%	-$23K	$0+100.0%	-$54K
Financing Cash Flow	$13.1M+563.4%	$2.0M+149.0%	$794K+196.5%	$268K+64.4%	$163K+28.5%	$127K+421.0%	$24K-85.4%	$166K

Metric	Q4'2210-K	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K	Q3'2110-Q	Q2'2110-Q	Q1'2110-Q
Operating Cash Flow	-$2.9M-197.6%	$470K-17.2%	-$220K	-$806K-23.2%	-$974K-1014.7%	$568K	N/A	-$654K-920.5%
Depreciation & Amortization	$213K+3.2%	$80K+747.4%	$14K+111.4%	$14K+111.5%	$207K	$9K-68.1%	$7K+540.0%	$7K+541.9%
Stock-Based Compensation	N/A	$137K-95.5%	$409-96.1%	$86K-97.1%	N/A	$3.1M+129312.1%	$10K+195.3%	$3.0M+77488.1%
Investing Cash Flow	-$1.3M-72.5%	-$426K-168.7%	-$1.1M-40511.0%	$1.2M+773.9%	-$758K-86471.8%	$620K	$3K	$137K
Financing Cash Flow	$300K-72.0%	$10.6M+1483.5%	$2.1M	$100K	$1.1M+679.1%	-$766K	N/A	N/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

ALTD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ALTD quarterly financial ratios

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	100.0%+40.6pp	59.4%
Operating Margin	-61.9%-25.2pp	-36.7%-26.1pp	-10.6%	-318.3%	N/A	N/A	-2602.8%	-50.5%
Net Margin	-70.7%-42.7pp	-27.9%-26.0pp	-1.9%	-328.9%	N/A	N/A	N/A	-51.5%
Return on Equity	-37.3%-30.6pp	-6.7%	N/A	N/A	N/A	N/A	N/A	-56.9%
Return on Assets	-8.5%-2.5pp	-6.0%+5.1pp	-11.2%+2397.3pp	-2408.5%	N/A	N/A	N/A	-29.9%
Current Ratio	0.23-0.2x	0.41+0.2x	0.22+0.2x	0.040.0x	0.02-0.1x	0.13-0.2x	0.37-8.2x	8.57
Debt-to-Equity	0.16+0.1x	0.05	N/A	N/A	N/A	N/A	N/A	0.90
Asset Turnover	0.12-0.1x	0.22-5.6x	5.86-1.5x	7.32+4.1x	3.21+3.2x	0.00-0.1x	0.14-0.4x	0.58
FCF Margin	N/A	N/A	N/A	N/A	-234.9%	N/A	N/A	N/A

Metric	Q4'2210-K	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K	Q3'2110-Q	Q2'2110-Q	Q1'2110-Q
Operating Margin	-132.4%	-19.7%	-27.7%	-13.6%	N/A	-167.0%	N/A	N/A
Net Margin	-141.1%	-36.3%	-34.3%	-14.3%	N/A	-167.1%	N/A	N/A
Return on Equity	-27.5%	-3.6%-0.3pp	-3.3%	-1.1%	N/A	-3.3%	N/A	N/A
Return on Assets	-6.3%	-1.0%+2.2pp	-2.7%+284.8pp	-0.9%	N/A	-3.2%	-287.4%+6.7pp	N/A
Current Ratio	0.23-0.2x	0.34-0.3x	0.73+0.6x	0.81+0.4x	0.41+0.2x	0.61+0.6x	0.10+0.1x	0.40+0.4x
Debt-to-Equity	0.16+0.1x	0.18+0.2x	0.15	0.17	0.05	0.03	N/A	N/A
Asset Turnover	0.04	0.030.0x	0.08	0.07	N/A	0.02	N/A	N/A

Not reported in any period shown, so not listed: Gross Margin, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: The current ratio is below 1.0 (0.23), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
ALTITUDE INTL INC ALTD	FY2022	$12.2M	-$8.6M	-70.7%	$49K	—
SPORTSQUEST INC SPQS	FY2025	$0	N/A	N/A	$125K	—

Where ALTITUDE INTL INC Ranks

Frequently Asked Questions

What is ALTITUDE INTL INC's annual revenue?

ALTITUDE INTL INC (ALTD) reported $12.2M in total revenue for fiscal year 2022. This represents a 85.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is ALTITUDE INTL INC's revenue growing?

ALTITUDE INTL INC (ALTD) revenue grew by 85.1% year-over-year, from $6.6M to $12.2M in fiscal year 2022.

Is ALTITUDE INTL INC profitable?

No, ALTITUDE INTL INC (ALTD) reported a net income of -$8.6M in fiscal year 2022, with a net profit margin of -70.7%.

What is ALTITUDE INTL INC's EBITDA?

ALTITUDE INTL INC (ALTD) had EBITDA of -$7.2M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does ALTITUDE INTL INC have?

As of fiscal year 2022, ALTITUDE INTL INC (ALTD) had $1.6M in cash and equivalents against $3.7M in long-term debt.

What is ALTITUDE INTL INC's operating margin?

ALTITUDE INTL INC (ALTD) had an operating margin of -61.9% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is ALTITUDE INTL INC's net profit margin?

ALTITUDE INTL INC (ALTD) had a net profit margin of -70.7% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is ALTITUDE INTL INC's return on equity (ROE)?

ALTITUDE INTL INC (ALTD) has a return on equity of -37.3% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

What is ALTITUDE INTL INC's operating cash flow?

ALTITUDE INTL INC (ALTD) recorded an outflow of $3.5M in operating cash flow during fiscal year 2022, representing cash used by core business activities.

What are ALTITUDE INTL INC's total assets?

ALTITUDE INTL INC (ALTD) had $101.0M in total assets as of fiscal year 2022, including both current and long-term assets.

How many shares does ALTITUDE INTL INC have outstanding?

ALTITUDE INTL INC (ALTD) had 492M shares outstanding as of fiscal year 2022.

What is ALTITUDE INTL INC's current ratio?

ALTITUDE INTL INC (ALTD) had a current ratio of 0.23 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is ALTITUDE INTL INC's debt-to-equity ratio?

ALTITUDE INTL INC (ALTD) had a debt-to-equity ratio of 0.16 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ALTITUDE INTL INC's return on assets (ROA)?

ALTITUDE INTL INC (ALTD) had a return on assets of -8.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

How does ALTITUDE INTL INC's liquidity compare with its operating cash outflow?

At the end of fiscal year 2022, ALTITUDE INTL INC (ALTD) held $1.6M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.5M over that year. Dividing the one by the other, the reported balance equals about 6 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

What is ALTITUDE INTL INC's Altman Z-Score?

ALTITUDE INTL INC (ALTD) has an Altman Z-Score of -0.42, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is ALTITUDE INTL INC's Piotroski F-Score?

ALTITUDE INTL INC (ALTD) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ALTITUDE INTL INC's earnings high quality?

ALTITUDE INTL INC (ALTD) reported a net loss of $8.6M while operations used $3.5M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can ALTITUDE INTL INC cover its interest payments?

ALTITUDE INTL INC (ALTD) reported an operating loss of $7.6M against $487K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.