Imac Hldgs Inc Financials
Imac Hldgs Inc (BACK) reported $72K in revenue for fiscal year 2024. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
The dominant mechanic is balance-sheet contraction: liabilities now exceed assets, while operations rely on financing rather than internally generated cash.
In FY2024, operating cash flow was-$3.2M while financing cash flow was+$3.8M , so cash conversion was negative and financing dependence supplied the offset. The reported liquidity measure equaled 1.9 months of the latest annual operating outflow, a thin historical cushion rather than evidence of self-funding.
Reported revenue was only
Assets fell from
Financial Health Signals
Imac Hldgs 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.
Imac Hldgs Inc reported an operating loss of $5.6M against $640K 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
Imac Hldgs Inc generated $72K in revenue in fiscal year 2024.
Imac Hldgs Inc's EBITDA was -$5.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
Imac Hldgs Inc earned -$7.76 per diluted share (EPS) in fiscal year 2024. This represents an increase of 8.4% from the prior year.
Not reported for fiscal year 2024.
Cash & Balance Sheet
Imac Hldgs Inc held $504K in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Capital Allocation
None of these metrics is reported for fiscal year 2024.
BACK Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21K | N/A | $2K | N/A | $56K+257.5% | $16K | N/A | N/A |
| Cost of Revenue | $124K+21.1% | $102K-0.8% | $103K | N/A | $122K+69.5% | $72K | N/A | N/A |
| Gross Profit | -$103K-0.3% | -$102K-0.6% | -$102K | N/A | -$66K-16.9% | -$56K | N/A | N/A |
| SG&A Expenses | N/A | $1.9M-10.4% | $2.1M | N/A | $1.9M+43.4% | $1.3M+229.3% | $409K | N/A |
| Operating Income | N/A | -$2.0M+9.9% | -$2.2M | N/A | -$2.0M-42.4% | -$1.4M-243.1% | -$409K | N/A |
| Interest Expense | $467K+214.9% | $148K+1192.2% | $11K | N/A | $107K+792.1% | $12K-70.5% | $40K | N/A |
| Net Income | N/A | -$2.1M+3.6% | -$2.2M | N/A | -$2.2M-59.4% | -$1.4M-239.7% | -$407K | N/A |
| EPS (Diluted) | -$1.15-29.2% | -$0.89+17.6% | -$1.08 | -$3.60-104.5% | -$1.76 | -$1.72-591.4% | $0.35+129.4% | -$1.19 |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
BACK Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $310K-71.2% | $1.1M-5.5% | $1.1M-28.2% | $1.6M+8.3% | $1.5M-34.0% | $2.2M+144.1% | $911K-20.4% | $1.1M |
| Current Assets | $310K+11.9% | $277K-3.7% | $288K-58.0% | $684K+34.0% | $511K-57.9% | $1.2M+33.3% | $911K-20.4% | $1.1M |
| Cash & Equivalents | $45K+5.6% | $43K+38.2% | $31K-93.9% | $504K+157.9% | $196K-78.0% | $891K+4979.0% | $18K-92.1% | $222K |
| Accounts Receivable | N/A | N/A | N/A | $28K-32.8% | $42K+164.8% | $16K | N/A | N/A |
| Total Liabilities | $13.3M+21.9% | $10.9M+24.3% | $8.8M+21.4% | $7.2M+31.3% | $5.5M+37.9% | $4.0M+85.7% | $2.2M+13.4% | $1.9M |
| Current Liabilities | $13.3M+21.9% | $10.9M+24.3% | $8.8M+21.4% | $7.2M+31.3% | $5.5M+37.9% | $4.0M+85.7% | $2.2M+13.4% | $1.9M |
| Total Equity | -$13.0M-32.1% | -$9.8M-28.7% | -$7.6M-35.4% | -$5.6M-39.6% | -$4.0M-128.2% | -$1.8M-42.8% | -$1.2M-64.6% | -$753K |
| Retained Earnings | -$72.4M-4.4% | -$69.3M-3.2% | -$67.2M-3.4% | -$65.0M-8.4% | -$59.9M-3.8% | -$57.7M-2.5% | -$56.3M-0.7% | -$55.9M |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
BACK Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.4M-10.7% | -$1.3M-25.3% | -$1.0M+9.1% | -$1.1M-3.8% | -$1.1M-50.5% | -$728K-259.9% | -$202K-221.1% | $167K |
| Investing Cash Flow | N/A | N/A | N/A | $0 | $0 | N/A | N/A | $95K |
| Financing Cash Flow | $1.4M+9.9% | $1.3M+133.4% | $560K-61.3% | $1.4M+261.4% | $400K-79.8% | $2.0M+114714.3% | -$2K+99.3% | -$265K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | $79K | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Share Buybacks.
BACK Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -483.7% | N/A | -6779.1% | N/A | -116.8% | -357.2% | N/A | N/A |
| Operating Margin | N/A | N/A | -145926.7% | N/A | -3545.5% | -8901.2% | N/A | N/A |
| Net Margin | N/A | N/A | -146657.9% | N/A | -3915.9% | -8783.5% | N/A | N/A |
| Return on Assets | N/A | -196.8%-3.8pp | -192.9% | N/A | -150.2%-88.0pp | -62.2%-17.5pp | -44.7% | N/A |
| Current Ratio | 0.020.0x | 0.030.0x | 0.03-0.1x | 0.090.0x | 0.09-0.2x | 0.30-0.1x | 0.42-0.2x | 0.60 |
Not reported in any period shown, so not listed: Return on Equity, Debt-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: Gross Margin, Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$5.6M), 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.
Note: The current ratio is below 1.0 (0.09), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Imac Hldgs Inc Ranks
Frequently Asked Questions
What is Imac Hldgs Inc's annual revenue?
Imac Hldgs Inc (BACK) reported $72K in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
What is Imac Hldgs Inc's EBITDA?
Imac Hldgs Inc (BACK) had EBITDA of -$5.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Imac Hldgs Inc's operating cash flow?
Imac Hldgs Inc (BACK) recorded an outflow of $3.2M in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Imac Hldgs Inc's total assets?
Imac Hldgs Inc (BACK) had $1.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Imac Hldgs Inc's current ratio?
Imac Hldgs Inc (BACK) had a current ratio of 0.09 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
How does Imac Hldgs Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2024, Imac Hldgs Inc (BACK) held $504K in cash, cash equivalents and investments, and reported an operating cash outflow of $3.2M over that year. Dividing the one by the other, the reported balance equals about 2 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 Imac Hldgs Inc's debt-to-equity ratio negative or not reported?
Imac Hldgs Inc (BACK) has negative shareholder equity of -$5.6M as of fiscal year 2024, 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.
Can Imac Hldgs Inc cover its interest payments?
Imac Hldgs Inc (BACK) reported an operating loss of $5.6M against $640K 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.