ANDREA ELECTRONICS CORP (ANDR) Financials

ANDR

FY2022 annual

Revenue $2.0M +17.9% YoY

Net Income -$288K +22.9% YoY

Free Cash Flow -$237K +51.1% YoY

Operating Cash Flow -$226K +50.4% YoY

Market Cap $7K as of Sep 11, 2026

Price / Sales 0.0x on $2.0M revenue, FY2022

Price / Earnings n/m net loss, so no earnings multiple, FY2022

Price / Book n/m negative shareholder equity, so no book multiple, Q4 FY2022

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 11, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period FY2022, ended Dec 31, 2022 Reported Mar 30, 2023 Currency USD FYE December

Newest figures come from the 10-K for FY2022, filed Mar 30, 2023. Each column of the statement tables below links to the filing it was taken from.

ANDREA ELECTRONICS CORP (ANDR) reported $2.0M in revenue for fiscal year 2022, up 17.9% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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 ANDR FY2022 2026-08-30

Revenue growth reaching operating results, but persistent cash losses and negative equity leave financing central to the model.

The operating loss narrowed from $595K in FY2021 to $323K in FY2022, yet gross margin slipped from 74.0% to 70.5%. That combination points to expense reduction, not stronger gross economics, as the main source of improvement.

The FY2022 net loss of $288K was close to operating cash flow of -$226K, so reported earnings broadly translated into cash rather than being propped up by a large working-capital release. Free cash flow was also close to operating cash flow despite modest capital spending, making the deficit primarily operating rather than reinvestment-led.

By FY2022, liabilities had risen to $3.3M while assets had fallen to $878K, leaving equity negative; the financing structure therefore rests more heavily on creditors than owners. A current ratio near 1.0x and reported liquidity of 3 months point to limited short-term flexibility, even as the latest operating loss was smaller.

Financial Health Signals

Financial health score not available

ANDREA ELECTRONICS CORP 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

-128.50

ANDREA ELECTRONICS CORP scores -128.50, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($7K) relative to total liabilities ($3.3M). 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 Neutral

4/9

ANDREA ELECTRONICS CORP passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

N/A

ANDREA ELECTRONICS CORP reported a net loss of $288K while operations used $226K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

ANDREA ELECTRONICS CORP reported an operating loss of $323K against $104K 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

$252K

YoY-36.8%

QoQ-58.6%

5Y CAGR-9.3%

10Y CAGR-10.1%

ANDREA ELECTRONICS CORP generated $252K in revenue in Q4 2022. This represents a decrease of 36.8% from the same quarter a year earlier. Against the prior quarter it is down 58.6%.

EBITDA

-$240K

YoY-23.1%

QoQ-1048.8%

ANDREA ELECTRONICS CORP's EBITDA was -$240K in Q4 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 23.1% from the same quarter a year earlier. Against the prior quarter it is down 1048.8%.

Net Income

-$290K

YoY-29.5%

QoQ-1796.3%

ANDREA ELECTRONICS CORP reported -$290K in net income in Q4 2022. This represents a decrease of 29.5% from the same quarter a year earlier. Against the prior quarter it is down 1796.3%.

EPS (Diluted)

Not reported for Q4 2022.

Cash & Balance Sheet

Free Cash Flow

-$90K

YoY+8.4%

QoQ-274.7%

ANDREA ELECTRONICS CORP recorded an outflow of $90K in free cash flow in Q4 2022, representing a cash shortfall after capex. This represents an increase of 8.4% from the same quarter a year earlier. Against the prior quarter it is down 274.7%.

Cash & Debt

$56K

YoY-62.5%

QoQ-61.8%

5Y CAGR-45.6%

ANDREA ELECTRONICS CORP held $56K in cash against $2.7M in long-term debt as of Q4 2022.

Shares Outstanding

68M

YoY0.0%

QoQ0.0%

5Y CAGR+1.0%

10Y CAGR+0.7%

ANDREA ELECTRONICS CORP had 68M shares outstanding in Q4 2022. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q4 2022.

Margins & Returns

Gross Margin

72.7%

YoY-0.6pp

QoQ+3.7pp

5Y change+2.9pp

10Y change+26.6pp

ANDREA ELECTRONICS CORP's gross margin was 72.7% in Q4 2022, indicating the percentage of revenue retained after direct costs. This is down 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.7 percentage points.

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.

Return on Equity

Not reported for Q4 2022.

Capital Allocation

R&D Spending

$114K

YoY-28.7%

QoQ+8.5%

5Y CAGR-9.3%

10Y CAGR-4.2%

ANDREA ELECTRONICS CORP invested $114K in research and development in Q4 2022. This represents a decrease of 28.7% from the same quarter a year earlier. Against the prior quarter it is up 8.5%.

Capital Expenditures

$1K

YoY-93.2%

ANDREA ELECTRONICS CORP invested $1K in capex in Q4 2022, funding long-term assets and infrastructure. This represents a decrease of 93.2% from the same quarter a year earlier.

Share Buybacks

Not reported for Q4 2022.

ANDR 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.

ANDR quarterly income statement

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	$2.0M+17.9%	$1.7M+22.7%	$1.4M-28.5%	$1.9M+29.4%	$1.5M-78.9%	$6.9M+93.8%	$3.6M-72.9%	$13.2M+981.7%	$1.2M-62.4%	$3.3M-2.2%	$3.3M-20.2%	$4.2M-15.3%	$4.9M
Cost of Revenue	$578K+33.5%	$433K+39.3%	$311K-42.2%	$538K+24.1%	$434K+62.5%	$267K-35.0%	$411K+251.1%	$117K-41.1%	$199K-84.7%	$1.3M-17.2%	$1.6M+0.1%	$1.6M-13.6%	$1.8M
Gross Profit	$1.4M+12.4%	$1.2M+17.8%	$1.0M-23.0%	$1.4M+31.7%	$1.0M-84.6%	$6.7M+110.5%	$3.2M-75.8%	$13.1M+1180.0%	$1.0M-47.6%	$2.0M+11.1%	$1.8M-32.3%	$2.6M-16.3%	$3.1M
R&D Expenses	$460K-21.6%	$587K+2.4%	$574K+0.9%	$569K-5.4%	$601K-26.0%	$813K+5.1%	$773K+0.7%	$768K+57.4%	$488K-30.4%	$701K-6.5%	$750K-1.7%	$763K+4.3%	$731K
SG&A Expenses	$1.1M+1.5%	$1.1M+1.5%	$1.1M-1.1%	$1.1M-8.3%	$1.2M-12.8%	$1.3M+5.6%	$1.3M-12.4%	$1.4M+24.4%	$1.2M-47.3%	$2.2M-6.3%	$2.4M+0.6%	$2.3M-5.8%	$2.5M
Operating Income	-$323K+45.7%	-$595K+21.2%	-$755K-58.4%	-$477K+46.5%	-$890K+17.0%	-$1.1M+13.8%	-$1.2M-146.3%	$2.7M+216.1%	-$2.3M-142.7%	-$953K+29.2%	-$1.3M-166.8%	-$505K-344.8%	-$113K
EBITDA	-$273K+50.9%	-$557K+20.8%	-$703K-76.1%	-$399K+49.6%	-$792K+20.5%	-$996K+14.9%	-$1.2M-142.2%	$2.8M+226.2%	-$2.2M-461.8%	-$391K+49.4%	-$773K-1954.9%	$42K-90.3%	$431K
Interest Expense	-$104K-41.4%	-$74K-8.1%	-$68K+3.0%	-$70K-33.9%	-$52K+24.0%	-$69K-2642.9%	$3K+104.2%	-$65K-23624.8%	-$274	N/A	N/A	N/A	N/A
Income Tax	$1K+116.8%	$585-5.5%	$619-65.7%	$2K-29.6%	$3K-80.2%	$13K-1.2%	$13K-91.5%	$155K-27.8%	$214K+25.6%	$170K+10.2%	$155K+703.3%	$19K+163.1%	-$31K
Net Income	-$288K+22.9%	-$374K+54.6%	-$824K-50.2%	-$549K+42.0%	-$945K+18.1%	-$1.2M+8.0%	-$1.3M-141.2%	$3.0M+205.2%	-$2.9M-158.8%	-$1.1M+25.1%	-$1.5M-189.3%	-$516K-565.5%	-$78K
EPS (Basic)	$0.00+100.0%	-$0.01	N/A	N/A	N/A	N/A	-$0.02-140.0%	$0.05+200.0%	-$0.05	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	-$0.02-150.0%	$0.04+180.0%	-$0.05	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	N/A	N/A	N/A	N/A	N/A	65M-9.9%	72M+12.9%	64M	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	$252K-36.8%	$608K+35.5%	$592K+51.6%	$511K+19.7%	$398K+20.2%	$448K+16.1%	$391K+53.0%	$426K+11.5%
Cost of Revenue	$69K-35.4%	$188K+58.0%	$188K+79.4%	$134K+29.7%	$106K+23.9%	$119K+28.2%	$105K+125.2%	$103K+20.1%
Gross Profit	$183K-37.3%	$419K+27.3%	$404K+41.4%	$377K+16.5%	$292K+18.9%	$329K+12.2%	$286K+36.9%	$323K+8.9%
R&D Expenses	$114K-28.7%	$105K-27.1%	$110K-25.0%	$132K-4.3%	$159K+12.8%	$144K+8.2%	$147K-0.4%	$138K-9.8%
SG&A Expenses	$285K-1.7%	$263K+1.0%	$264K+6.2%	$279K+0.9%	$290K+2.5%	$260K+1.9%	$249K+4.4%	$276K-2.4%
Operating Income	-$252K-23.1%	$13K+111.3%	-$10K+93.4%	-$74K+43.1%	-$205K+5.7%	-$113K+15.6%	-$148K+34.7%	-$130K+27.2%
EBITDA	-$240K-23.1%	$25K+124.5%	$3K+102.0%	-$62K+48.9%	-$195K+6.4%	-$103K+16.4%	-$139K+33.7%	-$121K+25.9%
Interest Expense	-$37K-98.7%	-$28K-51.2%	-$20K-5.0%	-$19K-8.1%	-$19K-7.2%	-$19K-12.0%	-$19K-13.5%	-$17K-0.2%
Income Tax	N/A	$0	$1K+326.9%	N/A	$0	$0	$297+403.4%	$288-43.1%
Net Income	-$290K-29.5%	-$15K-223.9%	$110K+169.1%	-$93K-2265.7%	-$224K+4.8%	$12K+108.2%	-$159K+34.6%	-$4K+98.0%
EPS (Basic)	$0.00+100.0%	$0.00	$0.00	$0.00	-$0.01	$0.00	$0.00	$0.00
EPS (Diluted)	N/A	$0.00	$0.00	N/A	N/A	$0.00	$0.00	N/A
Diluted Shares (Avg)	N/A	68M-5.7%	72M+6.1%	68M0.0%	N/A	72M+6.1%	68M	68M

ANDR Balance Sheet

ANDR quarterly balance sheet

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$878K-22.9%	$1.1M-5.9%	$1.2M-6.2%	$1.3M-15.1%	$1.5M-22.3%	$2.0M-47.3%	$3.7M-57.4%	$8.7M+74.6%	$5.0M+78.9%	$2.8M-25.2%	$3.7M-28.8%	$5.2M-9.5%	$5.8M
Current Assets	$562K-24.3%	$743K-3.6%	$770K-20.3%	$967K-19.2%	$1.2M-25.5%	$1.6M-51.8%	$3.3M-59.2%	$8.2M+82.1%	$4.5M+98.0%	$2.3M-16.0%	$2.7M-24.8%	$3.6M-3.7%	$3.7M
Cash & Equivalents	$56K-62.5%	$148K-59.1%	$363K+8.0%	$336K-31.0%	$487K-58.2%	$1.2M-60.6%	$3.0M-47.2%	$5.6M+56.5%	$3.6M+257.3%	$1.0M-42.7%	$1.7M-20.4%	$2.2M-1.2%	$2.2M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$284K+9.7%	$259K+126.4%	$114K-45.6%	$210K-1.4%	$213K+56.1%	$136K+57.7%	$87K+49.1%	$58K-73.2%	$216K-73.6%	$821K+29.6%	$633K-9.8%	$702K-9.2%	$774K
Accounts Receivable	$166K-29.9%	$236K+29.2%	$183K-51.6%	$378K-9.7%	$419K+60.4%	$261K+272.9%	$70K-96.3%	$1.9M+696.6%	$239K-35.3%	$369K+61.1%	$229K-59.3%	$563K+11.4%	$505K
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$3.3M+0.8%	$3.3M+10.1%	$3.0M+33.0%	$2.3M+15.4%	$2.0M+21.0%	$1.6M-31.0%	$2.3M-62.1%	$6.2M+9.4%	$5.6M+857.3%	$589K+35.4%	$435K-14.5%	$509K-27.3%	$700K
Current Liabilities	$553K-24.1%	$728K+62.2%	$449K+9.5%	$410K+2.5%	$400K-5.5%	$423K-54.4%	$927K-84.7%	$6.1M+391.9%	$1.2M+108.9%	$589K+35.4%	$435K-14.5%	$509K-25.9%	$687K
Non-Current Liabilities	$2.8M+7.9%	$2.6M+0.9%	$2.5M+38.3%	$1.8M+18.8%	$1.6M+30.4%	$1.2M-15.6%	$1.4M+1120.0%	$116K-97.4%	$4.4M	$0	$0	$0-100.0%	$13K
Long-Term Debt	$2.7M+9.9%	$2.5M+2.6%	$2.4M+30.7%	$1.8M+17.8%	$1.6M+30.4%	$1.2M-15.6%	$1.4M-25.8%	$1.9M+108.9%	$910K	N/A	N/A	N/A	$13K
Total Equity	-$2.4M-13.3%	-$2.2M-20.9%	-$1.8M-85.6%	-$963K-122.8%	-$432K-226.0%	$343K-75.0%	$1.4M-46.0%	$2.5M+490.9%	-$650K-129.6%	$2.2M-33.2%	$3.3M-30.3%	$4.7M-7.1%	$5.1M
Retained Earnings	-$81.2M-0.4%	-$80.9M-0.5%	-$80.6M-1.0%	-$79.7M-0.7%	-$79.2M-1.2%	-$78.2M-1.5%	-$77.1M-1.7%	-$75.8M+3.9%	-$78.9M-3.8%	-$76.0M-1.5%	-$74.9M-2.0%	-$73.4M-0.7%	-$72.9M

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	$878K-22.9%	$1.0M-15.9%	$1.3M-2.0%	$1.1M-17.2%	$1.1M-5.9%	$1.2M+3.0%	$1.3M+25.5%	$1.4M+9.5%
Current Assets	$562K-24.3%	$698K-16.6%	$909K+2.4%	$754K-20.0%	$743K-3.6%	$837K-8.4%	$888K+18.5%	$942K+0.5%
Cash & Equivalents	$56K-62.5%	$145K-43.1%	$19K-94.8%	$125K-68.0%	$148K-59.1%	$256K-38.4%	$370K-10.3%	$390K+4.5%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$284K+9.7%	$209K-9.2%	$313K+34.1%	$322K+47.3%	$259K+126.4%	$230K+84.3%	$233K+42.3%	$219K+25.2%
Accounts Receivable	$166K-29.9%	$308K+8.1%	$404K+94.7%	$234K-17.7%	$236K+29.2%	$285K-5.2%	$208K+68.1%	$285K-14.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$3.3M+0.8%	$3.2M+0.8%	$3.4M+5.2%	$3.4M+7.3%	$3.3M+10.1%	$3.2M+15.3%	$3.2M+33.3%	$3.2M+31.2%
Current Liabilities	$553K-24.1%	$443K-26.3%	$751K+27.6%	$730K+47.2%	$728K+62.2%	$602K+54.3%	$588K+62.1%	$496K+11.6%
Non-Current Liabilities	$2.8M+7.9%	$2.8M+7.2%	$2.7M+0.2%	$2.7M-0.2%	$2.6M+0.9%	$2.6M+8.9%	$2.7M+28.3%	$2.7M+35.6%
Long-Term Debt	$2.7M+9.9%	$2.7M+9.1%	$2.6M+1.4%	$2.5M+1.0%	$2.5M+2.6%	$2.4M+2.5%	$2.5M+19.5%	$2.5M+29.2%
Total Equity	-$2.4M-13.3%	-$2.2M-11.5%	-$2.1M-10.0%	-$2.3M-25.8%	-$2.2M-20.9%	-$1.9M-24.8%	-$1.9M-39.1%	-$1.8M-54.5%
Retained Earnings	-$81.2M-0.4%	-$80.9M-0.3%	-$80.9M-0.2%	-$81.0M-0.6%	-$80.9M-0.5%	-$80.7M-0.5%	-$80.7M-0.7%	-$80.6M-0.8%

Not reported in any period shown, so not listed: Goodwill.

ANDR Cash Flow Statement

ANDR quarterly cash flow statement

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	-$226K+50.4%	-$456K-1.6%	-$449K-34.3%	-$334K+66.4%	-$994K+35.8%	-$1.5M+38.5%	-$2.5M-444.2%	$731K-58.7%	$1.8M+355.5%	-$693K-93.8%	-$358K-318.6%	$164K-73.5%	$617K
Depreciation & Amortization	$50K+31.0%	$38K-27.1%	$52K-32.5%	$77K-21.1%	$98K+30.0%	$75K+4.0%	$73K-15.3%	$86K-26.0%	$116K-79.4%	$562K-2.0%	$573K+5.0%	$546K+0.4%	$544K
Stock-Based Compensation	$0	$0	N/A	$18K-61.4%	$46K-63.2%	$125K+90.2%	$66K-42.1%	$113K+165.8%	$43K+86.8%	$23K-61.1%	$59K-62.7%	$157K-23.2%	$205K
Capital Expenditures	$11K-63.2%	$30K+392.7%	$6K	N/A	$24K+12.7%	$22K	N/A	$18K+272.4%	$5K-99.0%	$510K+899.2%	$51K-59.4%	$126K+25.8%	$100K
Free Cash Flow	-$237K+51.1%	-$485K-6.8%	-$455K	N/A	-$1.0M+35.2%	-$1.6M	N/A	$713K-59.6%	$1.8M+246.8%	-$1.2M-194.3%	-$409K-1171.5%	$38K-92.6%	$517K
Investing Cash Flow	-$12K+72.2%	-$41K-63.9%	-$25K-51.1%	-$17K+76.5%	-$71K-224.9%	$57K-85.5%	$393K+10.0%	$357K	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$145K-48.7%	$283K-43.5%	$501K+150.4%	$200K-48.4%	$388K+229.6%	-$299K+41.7%	-$513K-155.1%	$930K+3.3%	$900K	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
Operating Cash Flow	-$89K-7.5%	$51K+135.4%	-$98K-667.5%	-$91K+57.6%	-$83K-63.9%	-$145K+40.1%	-$13K+87.9%	-$215K-328.1%
Depreciation & Amortization	$13K+24.0%	$12K+30.7%	$12K+36.6%	$12K+33.7%	$10K+8.4%	$10K-6.9%	$9K-46.3%	$9K-40.9%
Capital Expenditures	$1K-93.2%	$0-100.0%	$8K+36.3%	$2K	$16K	$8K	$6K	N/A
Free Cash Flow	-$90K+8.4%	$51K+133.4%	-$105K-476.8%	-$93K	-$98K-94.6%	-$154K+36.6%	-$18K+82.7%	N/A
Investing Cash Flow	-$1K+95.7%	-$136+98.4%	-$8K-3.7%	-$2K-537.2%	-$25K-1065.9%	-$8K-116.9%	-$8K-10.3%	-$360+97.1%
Financing Cash Flow	$0	$75K+87.5%	$0	$70K-71.2%	$0	$40K-84.0%	$0-100.0%	$243K+142.8%

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.

ANDR 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.

ANDR quarterly financial ratios

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Gross Margin	70.5%-3.4pp	74.0%-3.1pp	77.1%+5.5pp	71.6%+1.2pp	70.4%-25.8pp	96.2%+7.6pp	88.5%-10.6pp	99.1%+15.4pp	83.8%+23.6pp	60.1%+7.2pp	52.9%-9.5pp	62.4%-0.7pp	63.2%
Operating Margin	-16.5%+19.3pp	-35.8%+20.0pp	-55.7%-30.6pp	-25.1%+35.6pp	-60.8%-45.3pp	-15.4%+19.3pp	-34.7%-55.0pp	20.3%	-189.1%	-29.3%+11.2pp	-40.5%-28.4pp	-12.1%-9.8pp	-2.3%
Net Margin	-14.7%+7.8pp	-22.5%+38.3pp	-60.8%-31.8pp	-28.9%+35.6pp	-64.5%-47.9pp	-16.6%+18.4pp	-35.0%-58.0pp	23.0%	-236.4%	-34.4%+10.5pp	-44.9%-32.5pp	-12.4%-10.8pp	-1.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	-336.4%-245.1pp	-91.4%-211.1pp	119.8%	N/A	-50.8%-5.5pp	-45.3%-34.4pp	-10.9%-9.4pp	-1.5%
Return on Assets	-32.8%0.0pp	-32.8%+35.3pp	-68.1%-25.5pp	-42.5%+19.7pp	-62.2%-3.2pp	-59.0%-25.2pp	-33.8%-68.7pp	34.9%+92.9pp	-58.0%-17.9pp	-40.1%-0.1pp	-40.0%-30.2pp	-9.8%-8.5pp	-1.3%
Current Ratio	1.020.0x	1.02-0.7x	1.72-0.6x	2.36-0.6x	2.99-0.8x	3.80+0.2x	3.59+2.2x	1.35-2.3x	3.65-0.2x	3.85-2.4x	6.20-0.9x	7.05+1.6x	5.42
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	3.47+2.4x	1.03+0.3x	0.75	N/A	0.27+0.1x	0.130.0x	0.11+0.1x	0.00
Asset Turnover	2.23+0.8x	1.46+0.3x	1.12-0.3x	1.47+0.5x	0.96-2.6x	3.55+2.6x	0.97-0.6x	1.52+1.3x	0.25-0.9x	1.17+0.3x	0.89+0.1x	0.80-0.1x	0.85
FCF Margin	-12.1%+17.1pp	-29.2%+4.4pp	-33.5%	N/A	-69.5%-46.9pp	-22.6%	N/A	5.4%	144.3%	-37.0%-24.7pp	-12.3%-13.2pp	0.9%-9.6pp	10.5%

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
Gross Margin	72.7%-0.6pp	69.0%-4.4pp	68.3%-4.9pp	73.8%-2.0pp	73.3%-0.8pp	73.5%-2.5pp	73.2%-8.6pp	75.8%-1.7pp
Operating Margin	-100.3%	2.1%+27.2pp	-1.7%+36.1pp	-14.5%+16.0pp	-51.5%+14.1pp	-25.1%+9.4pp	-37.8%+50.7pp	-30.4%+16.2pp
Net Margin	-115.1%	-2.5%-5.3pp	18.5%+59.1pp	-18.2%-17.3pp	-56.2%+14.7pp	2.8%+41.6pp	-40.6%+54.4pp	-0.9%+50.4pp
Return on Assets	-33.0%-13.3pp	-1.5%-2.5pp	8.6%+20.9pp	-8.2%-7.9pp	-19.7%-0.2pp	1.0%+13.6pp	-12.3%+11.3pp	-0.3%+15.5pp
Current Ratio	1.020.0x	1.58+0.2x	1.21-0.3x	1.03-0.9x	1.02-0.7x	1.39-1.0x	1.51-0.6x	1.90-0.2x
Asset Turnover	0.29-0.1x	0.59+0.2x	0.47+0.2x	0.45+0.1x	0.35+0.1x	0.360.0x	0.30+0.1x	0.310.0x
FCF Margin	-35.7%-11.1pp	8.5%+42.8pp	-17.8%-13.1pp	-18.3%	-24.6%-9.4pp	-34.3%+28.5pp	-4.7%+36.5pp	N/A

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

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: Shareholder equity is negative (-$2.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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
ANDREA ELECTRONICS CORP ANDR	FY2022	$2.0M	-$288K	-14.7%	$7K	—
TRUTANKLESS INC TKLS	FY2025	$1.1M	-$4.8M	N/A	$20.4M	—

Where ANDREA ELECTRONICS CORP Ranks

Frequently Asked Questions

What is ANDREA ELECTRONICS CORP's annual revenue?

ANDREA ELECTRONICS CORP (ANDR) reported $2.0M in total revenue for fiscal year 2022. This represents a 17.9% 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 ANDREA ELECTRONICS CORP's revenue growing?

ANDREA ELECTRONICS CORP (ANDR) revenue grew by 17.9% year-over-year, from $1.7M to $2.0M in fiscal year 2022.

Is ANDREA ELECTRONICS CORP profitable?

No, ANDREA ELECTRONICS CORP (ANDR) reported a net income of -$288K in fiscal year 2022, with a net profit margin of -14.7%.

What is ANDREA ELECTRONICS CORP's EBITDA?

ANDREA ELECTRONICS CORP (ANDR) had EBITDA of -$273K in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does ANDREA ELECTRONICS CORP have?

As of fiscal year 2022, ANDREA ELECTRONICS CORP (ANDR) had $56K in cash and equivalents against $2.7M in long-term debt.

What is ANDREA ELECTRONICS CORP's gross margin?

ANDREA ELECTRONICS CORP (ANDR) had a gross margin of 70.5% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is ANDREA ELECTRONICS CORP's operating margin?

ANDREA ELECTRONICS CORP (ANDR) had an operating margin of -16.5% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is ANDREA ELECTRONICS CORP's net profit margin?

ANDREA ELECTRONICS CORP (ANDR) had a net profit margin of -14.7% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is ANDREA ELECTRONICS CORP's free cash flow?

ANDREA ELECTRONICS CORP (ANDR) recorded an outflow of $237K in free cash flow during fiscal year 2022. This represents a 51.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is ANDREA ELECTRONICS CORP's operating cash flow?

ANDREA ELECTRONICS CORP (ANDR) recorded an outflow of $226K in operating cash flow during fiscal year 2022, representing cash used by core business activities.

What are ANDREA ELECTRONICS CORP's total assets?

ANDREA ELECTRONICS CORP (ANDR) had $878K in total assets as of fiscal year 2022, including both current and long-term assets.

What are ANDREA ELECTRONICS CORP's capital expenditures?

ANDREA ELECTRONICS CORP (ANDR) invested $11K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

How much does ANDREA ELECTRONICS CORP spend on research and development?

ANDREA ELECTRONICS CORP (ANDR) invested $460K in research and development during fiscal year 2022.

How many shares does ANDREA ELECTRONICS CORP have outstanding?

ANDREA ELECTRONICS CORP (ANDR) had 68M shares outstanding as of fiscal year 2022.

What is ANDREA ELECTRONICS CORP's current ratio?

ANDREA ELECTRONICS CORP (ANDR) had a current ratio of 1.02 as of fiscal year 2022, which is considered adequate.

What is ANDREA ELECTRONICS CORP's return on assets (ROA)?

ANDREA ELECTRONICS CORP (ANDR) had a return on assets of -32.8% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is ANDREA ELECTRONICS CORP's P/E ratio?

ANDREA ELECTRONICS CORP (ANDR) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2022). The market capitalization is $7K as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is ANDREA ELECTRONICS CORP's price-to-sales ratio?

ANDREA ELECTRONICS CORP (ANDR) trades at 0.0x sales, its market capitalization divided by revenue of $2.0M revenue, FY2022. The market capitalization is $7K as of Sep 11, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

How does ANDREA ELECTRONICS CORP's liquidity compare with its operating cash outflow?

At the end of fiscal year 2022, ANDREA ELECTRONICS CORP (ANDR) held $56K in cash, cash equivalents and investments, and reported an operating cash outflow of $226K over that year. Dividing the one by the other, the reported balance equals about 3 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.

Why is ANDREA ELECTRONICS CORP's debt-to-equity ratio negative or not reported?

ANDREA ELECTRONICS CORP (ANDR) has negative shareholder equity of -$2.4M as of fiscal year 2022, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is ANDREA ELECTRONICS CORP's Altman Z-Score?

ANDREA ELECTRONICS CORP (ANDR) has an Altman Z-Score of -128.50, 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 ANDREA ELECTRONICS CORP's Piotroski F-Score?

ANDREA ELECTRONICS CORP (ANDR) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 ANDREA ELECTRONICS CORP's earnings high quality?

ANDREA ELECTRONICS CORP (ANDR) reported a net loss of $288K while operations used $226K 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 ANDREA ELECTRONICS CORP cover its interest payments?

ANDREA ELECTRONICS CORP (ANDR) reported an operating loss of $323K against $104K 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.