Accredited Solutions (ASII) Financials
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 Nov 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for Q3 FY2024, filed Dec 5, 2024. Each column of the statement tables below links to the filing it was taken from.
Accredited Solutions Inc (ASII) reported $689K in revenue for fiscal year 2023, up 42.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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.
Revenue is growing while liabilities overwhelm assets, leaving the business dependent on financing despite improving gross margins.
FY2023 combined a net loss of$1.49M with operating cash flow of-$81K ; the wide gap suggests reported earnings were driven substantially by non-cash or below-operating items rather than current-period cash use. Liabilities rose13.1% while assets fell71.8% , making balance-sheet contraction more consequential than the modest margin gains.
Gross margin reached
Current assets fell
Financial Health Signals
We do not publish a peer-relative financial health score for Accredited Solutions Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Accredited Solutions Inc scores -74.49, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $7.9M against total assets of $230K. 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.
Accredited Solutions Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Accredited Solutions Inc reported a net loss of $1.5M while operations used $81K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Accredited Solutions Inc reported an operating loss of $149K against $399K 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
Earnings & Revenue
Accredited Solutions Inc generated $241K in revenue in Q3 2024. This represents an increase of 46.6% from the same quarter a year earlier. Against the prior quarter it is up 135.7%.
Accredited Solutions Inc's EBITDA was -$372K in Q3 2024, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2024.
Cash & Balance Sheet
Accredited Solutions Inc held $12K in cash as of Q3 2024; no long-term debt figure is on record for that period.
Not reported for Q3 2024.
Not reported for Q3 2024.
Margins & Returns
Accredited Solutions Inc's gross margin was 21.3% in Q3 2024, indicating the percentage of revenue retained after direct costs. This is down 4.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 26.2 percentage points.
Not shown for Q3 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q3 2024.
Not reported for Q3 2024.
Capital Allocation
None of these metrics is reported for Q3 2024.
ASII 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.
| Metric | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $241K+46.6% | $102K-54.0% | $109K-30.0% | $146K-10.8% | $165K-20.3% | $222K+96.7% | $156Kn/m | $163K |
| Cost of Revenue | $190K+56.1% | $54K-67.0% | $119K-8.2% | $136K-2.3% | $122K-26.9% | $163K+98.6% | $130Kn/m | $139K |
| Gross Profit | $51K+19.6% | $49K-18.1% | -$10K-137.8% | $10K-60.1% | $43K+7.1% | $59K+91.5% | $26Kn/m | $24K |
| SG&A Expenses | $424K+499.0% | $61K+1889.1% | $56K-23.8% | $114K+64.7% | $71K-44.8% | $3K-96.1% | $73Kn/m | $69K |
| Operating Income | -$375Kn/m | -$15K-132.1% | -$69Kn/m | -$107Kn/m | -$34Kn/m | $48Kn/m | -$55Kn/m | -$60K |
| EBITDA | -$372Kn/m | -$13K-122.3% | -$66Kn/m | -$104K | -$28Kn/m | $56Kn/m | -$47Kn/m | N/A |
| Interest Expense | $36K-24.3% | $24K-49.5% | $124K+157.3% | $256K | $47K-68.3% | $47K-72.7% | $48Kn/m | N/A |
| Net Income | N/A | N/A | -$73Kn/m | $484Kn/m | -$251K-151.9% | -$1.5M-180.3% | -$231Kn/m | -$2.4M |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00 | $0.00 | N/A |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00 | $0.00 | N/A |
| Diluted Shares (Avg) | N/A | N/A | 1.05B | N/A | 700M | 668M | 472M | N/A |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
ASII Balance Sheet
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.
| Metric | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $249K-58.7% | $165K-68.5% | $161K-78.2% | $230K-71.8% | $602K-12.5% | $522K-18.9% | $738K+39.1% | $815K+3575.7% |
| Current Assets | $97K-29.2% | $10K-80.1% | $3K-98.8% | $69K-78.5% | $137K-20.7% | $50K-58.7% | $258K+30006.1% | $321K+1349.2% |
| Cash & Equivalents | $12K-78.3% | $7K-41.3% | $245-93.0% | $919-97.4% | $56K-57.9% | $12K-88.9% | $4K+310.2% | $36K |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Inventory | $0 | N/A | N/A | $0n/m | N/A | $0-100.0% | N/A | $0-100.0% |
| Accounts Receivable | $61K-24.2% | $0-100.0% | $0-100.0% | $64K+25.2% | $81K+287.6% | $38K+385.9% | $24Kn/m | $51Kn/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Goodwill | N/A | N/A | N/A | $0-100.0% | $302K0.0% | $302K0.0% | $302K0.0% | $302K |
| Total Liabilities | $1.3M-78.7% | $7.2M+21.6% | $5.2M+11.2% | $5.3M+13.1% | $6.2M+165.7% | $5.9M+64.6% | $4.6M+805.8% | $4.7Mn/m |
| Current Liabilities | $1.3M-78.7% | $7.2M+21.6% | $5.2M+11.2% | $5.3M+13.1% | $6.2M+165.7% | $5.9M+64.6% | $4.6M | $4.7Mn/m |
| Non-Current Liabilities | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 | $0n/m |
| Total Equity | -$1.1Mn/m | -$7.1Mn/m | -$5.0Mn/m | -$5.1Mn/m | -$5.6Mn/m | -$5.4Mn/m | -$3.9M-20228.2% | -$3.9M-17579.0% |
| Retained Earnings | -$5.8Mn/m | -$10.0Mn/m | -$7.9Mn/m | -$7.9Mn/m | -$8.4Mn/m | -$8.2Mn/m | -$6.6Mn/m | -$6.4Mn/m |
Not reported in any period shown, so not listed: Long-Term Debt.
ASII Cash Flow 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.
| Metric | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$208K-713.0% | -$36K-901.1% | -$674n/m | -$72Kn/m | $34Kn/m | $4Kn/m | -$48Kn/m | -$87Kn/m |
| Depreciation & Amortization | $3K-55.1% | $3K-64.9% | $3K-64.9% | $3K-81.0% | $6K-8.5% | $8K+114.1% | $8Kn/m | $15Kn/m |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | N/A | N/A | $18Kn/m | N/A |
| Investing Cash Flow | $0n/m | $0n/m | $0n/m | $0-100.0% | $0 | -$541 | $0n/m | $14Kn/m |
| Financing Cash Flow | $214K+1964.3% | $42K+932.9% | $0-100.0% | $17Kn/m | $10K-91.7% | $4K-96.6% | $16Kn/m | -$10Kn/m |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
ASII 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.
| Metric | Q3'24Filing | Q2'24Filing | Q1'24Filing | Q4'23Filing | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.3%-4.8pp | 47.5%+20.8pp | -9.1%-25.9pp | 6.6%-8.1pp | 26.1%+6.7pp | 26.7%-0.7pp | 16.8% | 14.7% |
| Operating Margin | -155.6% | -15.1%-36.7pp | -62.9%-27.4pp | -73.4%-36.5pp | -20.8%+25.2pp | 21.6%+66.6pp | -35.5% | -36.9% |
| Net Margin | N/A | N/A | -67.0% | 332.1% | -152.6% | -670.2% | -148.1% | -1448.4% |
| Return on Assets | N/A | N/A | -45.6%-14.3pp | 210.9%+501.4pp | -41.7%-111.9pp | -285.5%-573.6pp | -31.3%-30.8pp | -290.5% |
| Current Ratio | 0.07+0.1x | 0.000.0x | 0.00-0.1x | 0.01-0.1x | 0.02-0.1x | 0.010.0x | 0.06 | 0.07 |
| Asset Turnover | 0.97+0.7x | 0.62+0.2x | 0.68+0.5x | 0.64+0.4x | 0.270.0x | 0.43+0.3x | 0.21+0.2x | 0.20 |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, Liabilities-to-Equity, 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: Shareholder equity is negative (-$5.1M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.01), 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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Accredited Solutions Inc ASII | FY2023 | $689K | -$1.5M | N/A | $384K | — |
| EQUATOR Beverage Co MOJO | FY2025 | $4.2M | $49K | 1.2% | $8.5M | — |
| Jones Soda Co JSDA | FY2025 | $25.3M | -$1.8M | -7.0% | $29.3M | — |
Where Accredited Solutions Inc Ranks
Frequently Asked Questions
Accredited Solutions Inc (ASII) reported $689K in total revenue for fiscal year 2023. This represents a 42.6% 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.
Accredited Solutions Inc (ASII) revenue grew by 42.6% year-over-year, from $483K to $689K in fiscal year 2023.
No, Accredited Solutions Inc (ASII) reported a net loss of $1.5M in fiscal year 2023.
Accredited Solutions Inc (ASII) had EBITDA of -$123K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
Accredited Solutions Inc (ASII) had a gross margin of 20.0% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
Accredited Solutions Inc (ASII) had an operating margin of -21.6% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
Accredited Solutions Inc (ASII) recorded an outflow of $81K in operating cash flow during fiscal year 2023, representing cash used by core business activities.
Accredited Solutions Inc (ASII) had $230K in total assets as of fiscal year 2023, including both current and long-term assets.
Accredited Solutions Inc (ASII) had a current ratio of 0.01 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
Accredited Solutions Inc (ASII) had a return on assets of -648.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
Accredited Solutions Inc (ASII) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2023). The market capitalization is $384K as of Nov 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Accredited Solutions Inc (ASII) trades at 0.6x sales, its market capitalization divided by $599K revenue, trailing 12 months to September 30, 2024. The market capitalization is $384K as of Nov 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2023, Accredited Solutions Inc (ASII) held $919 in cash, cash equivalents and investments, and reported an operating cash outflow of $81K over that year. Dividing the one by the other, the reported balance equals about 0 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.
Accredited Solutions Inc (ASII) has negative shareholder equity of -$5.1M as of fiscal year 2023, so no debt-to-equity or liabilities-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.
Accredited Solutions Inc (ASII) has an Altman Z-Score of -74.49, 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.
Accredited Solutions Inc (ASII) has a Piotroski F-Score of 3 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.
Accredited Solutions Inc (ASII) reported a net loss of $1.5M while operations used $81K 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.
Accredited Solutions Inc (ASII) reported an operating loss of $149K against $399K 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.