Body And Mind Inc Financials

BMMJ

Source SEC Filings (10-K/10-Q) Updated Apr 30, 2024 Currency USD FYE July

This page shows Body And Mind Inc (BMMJ) financial statements, including the 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).

Financial Health Signals

Financial Profile 6/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Body And Mind Inc has an operating margin of -33.6%, meaning the company retains $-34 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 -19.3% the prior year.

Growth

Body And Mind Inc's revenue declined 2.4% year-over-year, from $23.4M to $22.8M. This contraction results in a growth score of 22/100.

Liquidity

Body And Mind Inc's current ratio of 0.57 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 3/100, which could limit financial flexibility.

Cash Flow

While Body And Mind Inc generated -$3.8M in operating cash flow, capex of $993K consumed most of it, leaving -$4.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

2/9

Body And Mind Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.19x

For every $1 of reported earnings, Body And Mind Inc generates $0.19 in operating cash flow (-$3.8M OCF vs -$20.6M 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

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Revenue

$22.8M

YoY-2.4%

5Y CAGR+53.3%

Body And Mind Inc generated $22.8M in revenue in fiscal year 2023. This represents a decrease of 2.4% from the prior year.

EBITDA

-$6.6M

YoY-90.1%

Body And Mind Inc's EBITDA was -$6.6M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 90.1% from the prior year.

Free Cash Flow

-$4.8M

YoY-30.1%

Body And Mind Inc generated -$4.8M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 30.1% from the prior year.

Net Income

-$20.6M

YoY+27.1%

Body And Mind Inc reported -$20.6M in net income in fiscal year 2023. This represents an increase of 27.1% from the prior year.

EPS (Diluted)

N/A

Cash & Debt

$891K

YoY-11.5%

5Y CAGR+54.7%

Body And Mind Inc held $891K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

147M

YoY+29.0%

5Y CAGR+25.1%

Body And Mind Inc had 147M shares outstanding in fiscal year 2023. This represents an increase of 29.0% from the prior year.

Gross Margin

25.3%

YoY-6.6pp

5Y CAGR-19.1pp

Body And Mind Inc's gross margin was 25.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 6.6 percentage points from the prior year.

Operating Margin

-33.6%

YoY-14.3pp

Body And Mind Inc's operating margin was -33.6% in fiscal year 2023, reflecting core business profitability. This is down 14.3 percentage points from the prior year.

Net Margin

-90.1%

YoY+30.6pp

5Y CAGR-24.0pp

Body And Mind Inc's net profit margin was -90.1% in fiscal year 2023, showing the share of revenue converted to profit. This is up 30.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$993K

YoY+275.4%

Body And Mind Inc invested $993K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 275.4% from the prior year.

BMMJ Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$22.8M-2.4%	$23.4M-13.1%	$26.9M+331.6%	$6.2M+16.8%	$5.3M+98.2%	$2.7M
Cost of Revenue	$17.0M+7.0%	$15.9M+16.2%	$13.7M+262.8%	$3.8M+33.5%	$2.8M+132.7%	$1.2M
Gross Profit	$5.8M-22.4%	$7.4M-37.9%	$12.0M+694.9%	$1.5M-15.3%	$1.8M+48.9%	$1.2M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$235K+4.9%	$224K-70.8%	$766K-89.1%	$7.1M+52.6%	$4.6M+234.3%	-$3.4M
Operating Income	-$7.7M-70.0%	-$4.5M-868.2%	$587K+110.6%	-$5.5M-95.1%	-$2.8M	N/A
Interest Expense	N/A	$1.4M+2470.0%	$53K-59.8%	$133K-89.3%	$1.2M+348.3%	$277K
Income Tax	-$2.2M-22.2%	-$1.8M-181.9%	$2.2M+1514.9%	$134K	$0+100.0%	-$239K
Net Income	-$20.6M+27.1%	-$28.2M-1328.2%	-$2.0M+57.0%	-$4.6M-22.5%	-$3.8M-110.7%	-$1.8M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'23	Q3'23	Q2'23	Q1'22	Q2'22	Q3'22
Revenue	$4.4M-0.5%	$4.4M-18.8%	$5.5M+30.8%	$4.2M-5.9%	$4.4M-24.2%	$5.8M-27.3%	$8.0M+2.2%	$7.9M
Cost of Revenue	$2.4M+1.5%	$2.4M-29.6%	$3.4M+52.2%	$2.2M-15.7%	$2.7M-46.6%	$5.0M-0.7%	$5.0M-5.6%	$5.3M
Gross Profit	$2.0M-2.9%	$2.0M-0.9%	$2.0M+5.9%	$1.9M+8.8%	$1.8M+106.0%	$860K-67.3%	$2.6M+2.9%	$2.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	$66K	N/A	N/A	$235K	N/A	N/A
Operating Income	-$1.3M-58.6%	-$844K+27.4%	-$1.2M+9.3%	-$1.3M+10.5%	-$1.4M+33.5%	-$2.2M-122.0%	-$971K+27.5%	-$1.3M
Interest Expense	N/A	N/A	N/A	N/A	$425K+11.5%	$381K+12.2%	$340K+0.5%	$338K
Income Tax	$388K-27.1%	$532K-36.5%	$838K+86.5%	$449K+21.3%	$370K-34.4%	$565K+139.9%	-$1.4M-272.4%	$821K
Net Income	-$2.5M-1403.7%	-$169K-203.0%	$164K+104.5%	-$3.6M-31.7%	-$2.7M+7.2%	-$3.0M-8.5%	-$2.7M-10.6%	-$2.5M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BMMJ Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$17.5M-39.6%	$29.0M-40.8%	$49.0M+20.7%	$40.6M+2.6%	$39.5M+154.2%	$15.6M
Current Assets	$5.7M-15.3%	$6.7M-55.4%	$15.0M+130.0%	$6.5M-32.1%	$9.6M+366.7%	$2.1M
Cash & Equivalents	$891K-11.5%	$1.0M-86.5%	$7.4M+459.4%	$1.3M-80.7%	$6.9M+6765.2%	$100K
Inventory	$2.1M-35.4%	$3.3M-3.5%	$3.4M+80.7%	$1.9M+49.7%	$1.2M+12.1%	$1.1M
Accounts Receivable	$638K+18.4%	$539K-62.7%	$1.4M+7.3%	$1.3M+80.3%	$748K+10.4%	$677K
Goodwill	N/A	N/A	$5.2M-2.1%	$5.3M+100.3%	$2.6M0.0%	$2.6M
Total Liabilities	$27.0M+23.5%	$21.9M+50.1%	$14.6M+102.7%	$7.2M+80.1%	$4.0M-18.6%	$4.9M
Current Liabilities	$9.9M+29.4%	$7.6M+14.7%	$6.7M+44.2%	$4.6M+248.1%	$1.3M-58.5%	$3.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$10.5M-261.0%	$6.5M-81.0%	$34.4M+3.1%	$33.4M-6.1%	$35.6M+233.2%	$10.7M
Retained Earnings	-$66.7M-36.6%	-$48.9M-172.7%	-$17.9M-14.4%	-$15.7M-37.1%	-$11.4M-63.5%	-$7.0M

Metric	Q3'24	Q2'24	Q1'23	Q3'23	Q2'23	Q1'22	Q2'22	Q3'22
Total Assets	$16.2M-10.1%	$18.0M+2.8%	$17.5M-17.5%	$21.2M-34.9%	$32.6M+12.4%	$29.0M-6.5%	$31.0M-41.5%	$53.0M
Current Assets	$4.7M-19.1%	$5.8M+2.3%	$5.7M-39.8%	$9.4M+16.3%	$8.1M+21.1%	$6.7M-48.4%	$13.0M+9.4%	$11.9M
Cash & Equivalents	$292K-80.0%	$1.5M+63.3%	$891K-39.0%	$1.5M-53.4%	$3.1M+211.0%	$1.0M-29.7%	$1.4M-61.4%	$3.7M
Inventory	$633K-1.7%	$644K-69.4%	$2.1M+131.3%	$910K-67.5%	$2.8M-14.0%	$3.3M-8.7%	$3.6M-17.5%	$4.3M
Accounts Receivable	$42K+22.6%	$34K-94.6%	$638K+2243.3%	$27K-96.9%	$865K+60.6%	$539K+22.8%	$439K-46.3%	$818K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$5.9M
Total Liabilities	$28.1M+1.3%	$27.8M+2.8%	$27.0M-11.6%	$30.5M+10.6%	$27.6M+26.2%	$21.9M+4.6%	$20.9M-7.8%	$22.7M
Current Liabilities	$10.1M-14.1%	$11.8M+19.2%	$9.9M+13.1%	$8.7M+3.0%	$8.5M+11.0%	$7.6M+4.3%	$7.3M-22.5%	$9.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$13.1M-20.4%	-$10.9M-3.3%	-$10.5M-2.4%	-$10.3M-339.2%	$4.3M-34.3%	$6.5M-32.1%	$9.6M-67.8%	$29.9M
Retained Earnings	-$69.6M-3.9%	-$67.0M-0.4%	-$66.7M+0.1%	-$66.8M-29.3%	-$51.7M-5.8%	-$48.9M-6.7%	-$45.8M-96.4%	-$23.3M

BMMJ Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$3.8M-11.3%	-$3.4M-1267.7%	$295K+112.8%	-$2.3M+28.5%	-$3.2M-51.0%	-$2.1M
Capital Expenditures	$993K+275.4%	$265K-34.3%	$402K-53.8%	$872K+336.8%	-$368K+34.8%	-$564K
Free Cash Flow	-$4.8M-30.1%	-$3.7M-3350.2%	-$107K+96.6%	-$3.2M+11.6%	-$3.6M-33.1%	-$2.7M
Investing Cash Flow	-$74K+96.5%	-$2.1M-157.9%	-$832K+84.4%	-$5.3M+37.3%	-$8.5M-216.3%	-$2.7M
Financing Cash Flow	$3.5M+13348.3%	-$27K-100.4%	$6.2M+6687.5%	$91K-99.5%	$20.1M+318.7%	$4.8M
Dividends Paid	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

Metric	Q3'24	Q2'24	Q1'23	Q3'23	Q2'23	Q1'22	Q2'22	Q3'22
Operating Cash Flow	-$1.3M-714.9%	$220K+119.6%	-$1.1M+42.6%	-$1.9M-24.6%	-$1.6M-165.4%	-$589K+79.6%	-$2.9M-259.4%	-$803K
Capital Expenditures	$0-100.0%	$32K-60.6%	$80K+188.2%	$28K+699.2%	-$5K-200.0%	$5K+101.3%	-$355K-2789.1%	$13K
Free Cash Flow	-$1.3M-818.2%	$188K+115.7%	-$1.2M+39.3%	-$2.0M-26.0%	-$1.6M-164.1%	-$594K+81.7%	-$3.2M-297.1%	-$816K
Investing Cash Flow	$39K-91.4%	$454K-94.4%	$8.0M+4991.1%	$158K-62.3%	$418K+291.1%	$107K-88.0%	$894K+1831.1%	-$52K
Financing Cash Flow	$7K-3.9%	$7K+100.1%	-$7.2M-1435.0%	$538K-82.1%	$3.0M+37634675.0%	-$8+100.0%	-$27K-256.9%	$17K
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

BMMJ Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	25.3%-6.6pp	31.9%-12.7pp	44.6%+20.4pp	24.2%-9.2pp	33.4%-11.0pp	44.4%
Operating Margin	-33.6%-14.3pp	-19.3%-21.5pp	2.2%+91.2pp	-89.0%-35.7pp	-53.3%	N/A
Net Margin	-90.1%+30.6pp	-120.8%-113.4pp	-7.3%+66.4pp	-73.8%-3.5pp	-70.3%-4.2pp	-66.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-117.5%-20.1pp	-97.4%-93.3pp	-4.0%+7.3pp	-11.3%-1.8pp	-9.5%+2.0pp	-11.5%
Current Ratio	0.57-0.3	0.88-1.4	2.26+0.8	1.41-5.8	7.25+6.6	0.65
Debt-to-Equity	-2.57-5.9	3.35+2.9	0.42+0.2	0.22+0.1	0.11-0.3	0.46
FCF Margin	-21.1%-5.3pp	-15.9%-15.5pp	-0.4%+50.6pp	-51.0%+16.4pp	-67.4%+33.0pp	-100.4%

Metric	Q3'24	Q2'24	Q1'23	Q3'23	Q2'23	Q1'22	Q2'22	Q3'22
Gross Margin	44.6%-1.1pp	45.7%+8.3pp	37.4%-8.8pp	46.2%+6.2pp	39.9%+25.2pp	14.7%-18.0pp	32.7%+0.2pp	32.5%
Operating Margin	-30.4%-11.3pp	-19.1%+2.3pp	-21.3%+9.4pp	-30.8%+1.6pp	-32.3%+4.5pp	-36.8%-24.8pp	-12.1%+5.0pp	-17.0%
Net Margin	-57.6%-53.8pp	-3.8%-6.8pp	3.0%+89.5pp	-86.5%-24.7pp	-61.8%-11.3pp	-50.5%-16.7pp	-33.8%-2.6pp	-31.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-15.7%-14.7pp	-0.9%-1.9pp	0.9%+12.0pp	-11.1%-2.7pp	-8.4%+1.8pp	-10.2%-5.1pp	-5.1%-0.4pp	-4.7%
Current Ratio	0.46-0.0	0.49-0.1	0.57-0.5	1.08+0.1	0.96+0.1	0.88-0.9	1.77+0.5	1.26
Debt-to-Equity	-2.15+0.4	-2.55+0.0	-2.57+0.4	-2.97-9.4	6.43+3.1	3.35+1.2	2.17+1.4	0.76
FCF Margin	-30.6%-34.9pp	4.2%+26.2pp	-22.0%-5.2pp	-16.7%+18.6pp	-35.4%-25.2pp	-10.2%-2.7pp	-7.5%+2.9pp	-10.4%

Note: Shareholder equity is negative (-$10.5M), 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 (0.57), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Body And Mind Inc's annual revenue?

Body And Mind Inc (BMMJ) reported $22.8M in total revenue for fiscal year 2023. This represents a -2.4% 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 Body And Mind Inc's revenue growing?

Body And Mind Inc (BMMJ) revenue declined by 2.4% year-over-year, from $23.4M to $22.8M in fiscal year 2023.

Is Body And Mind Inc profitable?

No, Body And Mind Inc (BMMJ) reported a net income of -$20.6M in fiscal year 2023, with a net profit margin of -90.1%.

What is Body And Mind Inc's EBITDA?

Body And Mind Inc (BMMJ) had EBITDA of -$6.6M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is Body And Mind Inc's gross margin?

Body And Mind Inc (BMMJ) had a gross margin of 25.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Body And Mind Inc's operating margin?

Body And Mind Inc (BMMJ) had an operating margin of -33.6% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Body And Mind Inc's net profit margin?

Body And Mind Inc (BMMJ) had a net profit margin of -90.1% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Body And Mind Inc's free cash flow?

Body And Mind Inc (BMMJ) generated -$4.8M in free cash flow during fiscal year 2023. This represents a -30.1% 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 Body And Mind Inc's operating cash flow?

Body And Mind Inc (BMMJ) generated -$3.8M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Body And Mind Inc's total assets?

Body And Mind Inc (BMMJ) had $17.5M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Body And Mind Inc's capital expenditures?

Body And Mind Inc (BMMJ) invested $993K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Body And Mind Inc have outstanding?

Body And Mind Inc (BMMJ) had 147M shares outstanding as of fiscal year 2023.

What is Body And Mind Inc's current ratio?

Body And Mind Inc (BMMJ) had a current ratio of 0.57 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is Body And Mind Inc's debt-to-equity ratio?

Body And Mind Inc (BMMJ) had a debt-to-equity ratio of -2.57 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Body And Mind Inc's return on assets (ROA)?

Body And Mind Inc (BMMJ) had a return on assets of -117.5% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Body And Mind Inc's cash runway?

Based on fiscal year 2023 data, Body And Mind Inc (BMMJ) had $891K in cash against an annual operating cash burn of $3.8M. This gives an estimated cash runway of approximately 3 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.

Why is Body And Mind Inc's debt-to-equity ratio negative or unusual?

Body And Mind Inc (BMMJ) has negative shareholder equity of -$10.5M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. 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 Body And Mind Inc's Piotroski F-Score?

Body And Mind Inc (BMMJ) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Body And Mind Inc's earnings high quality?

Body And Mind Inc (BMMJ) has an earnings quality ratio of 0.19x, 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 Body And Mind Inc?

Body And Mind Inc (BMMJ) scores 6 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.