Altitude Intern Financials
This page shows Altitude Intern (ALTD) financial statements, including the 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).
Revenue expansion has come with worsening operating losses, leaving the business externally financed rather than self-funding.
From FY2020 to FY2022, sales more than doubled from$5.5M to$12.2M , but operating margin fell from-10.6% to-61.9% and operating cash outflow widened from-$899K to-$3.5M . That combination says added revenue has not covered the cost base; growth is arriving with heavier cash needs, not fixed-cost absorption.
FY2022 brought
The balance-sheet expansion in FY2022 was mostly liability-funded: assets rose to
Financial Health Signals
Based on FY2022 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Altitude Intern's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Altitude Intern has an operating margin of -61.9%, meaning the company retains $-62 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -36.7% the prior year.
Altitude Intern's revenue surged 85.1% year-over-year to $12.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Altitude Intern carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
Altitude Intern's current ratio of 0.23 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Altitude Intern generates a -37.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -6.7% the prior year.
Altitude Intern passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Altitude Intern generates $0.40 in operating cash flow (-$3.5M OCF vs -$8.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Altitude Intern generated $12.2M in revenue in fiscal year 2022. This represents an increase of 85.1% from the prior year.
Altitude Intern's EBITDA was -$7.2M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 230.1% from the prior year.
Altitude Intern reported -$8.6M in net income in fiscal year 2022. This represents a decrease of 368.4% from the prior year.
Cash & Balance Sheet
Altitude Intern held $1.6M in cash against $3.7M in long-term debt as of fiscal year 2022.
Altitude Intern had 492M shares outstanding in fiscal year 2022. This represents an increase of 38.6% from the prior year.
Margins & Returns
Altitude Intern's operating margin was -61.9% in fiscal year 2022, reflecting core business profitability. This is down 25.2 percentage points from the prior year.
Altitude Intern's net profit margin was -70.7% in fiscal year 2022, showing the share of revenue converted to profit. This is down 42.7 percentage points from the prior year.
Altitude Intern's ROE was -37.3% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is down 30.6 percentage points from the prior year.
Capital Allocation
ALTD Income Statement
| Metric | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5M+53.5% | $2.9M+10.1% | $2.7M+25.4% | $2.1M | N/A | $1.9M | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.4M+26.4% | $1.1M+0.4% | $1.1M+53.7% | $718K | N/A | $376K | N/A | $524K |
| Operating Income | -$6.0M-930.4% | -$578K+21.5% | -$736K-155.3% | -$288K | N/A | -$3.3M-2698.6% | -$116K-513.4% | $28K |
| Interest Expense | N/A | $195K+257.4% | $55K+241.2% | $16K | N/A | $2K-78.8% | $8K-11.3% | $9K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$6.3M-497.1% | -$1.1M-16.6% | -$912K-199.7% | -$304K | N/A | -$3.3M-2511.3% | -$125K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ALTD Balance Sheet
| Metric | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $101.0M-3.1% | $104.2M+204.3% | $34.2M+5.3% | $32.5M+6.2% | $30.6M-69.5% | $100.3M+231326.1% | $43K-68.7% | $138K |
| Current Assets | $3.5M-15.8% | $4.1M-2.7% | $4.2M+70.0% | $2.5M+226.3% | $764K-38.1% | $1.2M+2747.2% | $43K-68.7% | $138K |
| Cash & Equivalents | $1.6M-25.7% | $2.1M+26.4% | $1.7M+85.4% | $917K+116.6% | $423K+30.3% | $325K+7778.8% | $4K-95.7% | $96K |
| Inventory | $364K+33.9% | $272K+6.0% | $256K+75.8% | $146K-9.5% | $161K-25.2% | $216K | N/A | N/A |
| Accounts Receivable | $738K-10.2% | $822K-1.0% | $830K-1.0% | $839K+816.9% | $92K-82.6% | $525K | N/A | N/A |
| Goodwill | $29.5M-0.6% | $29.7M0.0% | $29.7M0.0% | $29.7M+0.6% | $29.5M-70.1% | $98.8M | N/A | N/A |
| Total Liabilities | $77.9M+4.2% | $74.8M+976.2% | $6.9M+45.9% | $4.8M+50.2% | $3.2M+9.2% | $2.9M-15.1% | $3.4M+0.9% | $3.4M |
| Current Liabilities | $15.0M+23.3% | $12.2M+110.6% | $5.8M+88.3% | $3.1M+63.2% | $1.9M-7.0% | $2.0M+369.2% | $431K+24.0% | $348K |
| Long-Term Debt | $3.7M-30.8% | $5.3M+32.3% | $4.0M | N/A | $1.3M | N/A | N/A | N/A |
| Total Equity | $23.1M-21.5% | $29.5M+7.9% | $27.3M-1.7% | $27.8M+1.1% | $27.4M-71.8% | $97.4M+2981.3% | -$3.4M-3.8% | -$3.3M |
| Retained Earnings | -$11.5M-122.1% | -$5.2M-25.7% | -$4.1M-28.3% | -$3.2M-10.4% | -$2.9M+54.6% | -$6.4M-0.6% | -$6.4M-3.0% | -$6.2M |
ALTD Cash Flow Statement
| Metric | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.9M-716.2% | $470K+313.8% | -$220K+72.7% | -$806K+17.3% | -$974K-271.3% | $568K | N/A | -$654K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$1.3M-207.2% | -$426K+62.0% | -$1.1M-193.4% | $1.2M+258.3% | -$758K-222.2% | $620K+22255.1% | $3K-98.0% | $137K |
| Financing Cash Flow | $300K-97.2% | $10.6M+399.1% | $2.1M+2023.0% | $100K-90.7% | $1.1M+239.7% | -$766K | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ALTD Financial Ratios
| Metric | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -132.4%-112.7pp | -19.7%+7.9pp | -27.7%-14.1pp | -13.6% | N/A | -167.0% | N/A | N/A |
| Net Margin | -141.1%-104.8pp | -36.3%-2.0pp | -34.3%-19.9pp | -14.3% | N/A | -167.1% | N/A | N/A |
| Return on Equity | -27.5%-23.8pp | -3.6%-0.3pp | -3.3%-2.2pp | -1.1% | N/A | -3.3% | N/A | N/A |
| Return on Assets | -6.3%-5.3pp | -1.0%+1.6pp | -2.7%-1.7pp | -0.9% | N/A | -3.2%+284.2pp | -287.4% | N/A |
| Current Ratio | 0.23-0.1 | 0.34-0.4 | 0.73-0.1 | 0.81+0.4 | 0.41-0.2 | 0.61+0.5 | 0.10-0.3 | 0.40 |
| Debt-to-Equity | 0.16-0.0 | 0.18+0.0 | 0.15-0.0 | 0.17+0.1 | 0.05+0.0 | 0.03+1.0 | -1.01+0.0 | -1.04 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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
Frequently Asked Questions
What is Altitude Intern's annual revenue?
Altitude Intern (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 Intern's revenue growing?
Altitude Intern (ALTD) revenue grew by 85.1% year-over-year, from $6.6M to $12.2M in fiscal year 2022.
Is Altitude Intern profitable?
No, Altitude Intern (ALTD) reported a net income of -$8.6M in fiscal year 2022, with a net profit margin of -70.7%.
What is Altitude Intern's EBITDA?
Altitude Intern (ALTD) had EBITDA of -$7.2M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Altitude Intern have?
As of fiscal year 2022, Altitude Intern (ALTD) had $1.6M in cash and equivalents against $3.7M in long-term debt.
What is Altitude Intern's operating margin?
Altitude Intern (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 Intern's net profit margin?
Altitude Intern (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 Intern's return on equity (ROE)?
Altitude Intern (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 Intern's operating cash flow?
Altitude Intern (ALTD) generated -$3.5M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Altitude Intern's total assets?
Altitude Intern (ALTD) had $101.0M in total assets as of fiscal year 2022, including both current and long-term assets.
What is Altitude Intern's current ratio?
Altitude Intern (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 Intern's debt-to-equity ratio?
Altitude Intern (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 Intern's return on assets (ROA)?
Altitude Intern (ALTD) had a return on assets of -8.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Altitude Intern's cash runway?
Based on fiscal year 2022 data, Altitude Intern (ALTD) had $1.6M in cash against an annual operating cash burn of $3.5M. This gives an estimated cash runway of approximately 6 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Altitude Intern's Piotroski F-Score?
Altitude Intern (ALTD) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 Intern's earnings high quality?
Altitude Intern (ALTD) has an earnings quality ratio of 0.40x, considered low quality (accrual-driven). 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.
How financially healthy is Altitude Intern?
Altitude Intern (ALTD) scores 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.