CEA Industries Financials
This page shows CEA Industries (BNC) financial statements, including the 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 (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
CEA Industries has an operating margin of -113.1%, meaning the company retains $-113 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 -42.7% the prior year.
CEA Industries's revenue declined 59.4% year-over-year, from $6.9M to $2.8M. This contraction results in a growth score of 0/100.
CEA Industries carries a low D/E ratio of 0.13, meaning only $0.13 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.80, CEA Industries holds $9.80 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
CEA Industries passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, CEA Industries generates $0.97 in operating cash flow (-$3.1M OCF vs -$3.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
CEA Industries earns $-121.3 in operating income for every $1 of interest expense (-$3.2M vs $26K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
CEA Industries generated $2.8M in revenue in fiscal year 2024. This represents a decrease of 59.4% from the prior year.
CEA Industries's EBITDA was -$3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 7.8% from the prior year.
CEA Industries reported -$3.1M in net income in fiscal year 2024. This represents a decrease of 8.1% from the prior year.
CEA Industries earned $-4.22 per diluted share (EPS) in fiscal year 2024. This represents an increase of 2.5% from the prior year.
CEA Industries held $9.5M in cash against $0 in long-term debt as of fiscal year 2024.
CEA Industries had 793,109 shares outstanding in fiscal year 2024. This represents an increase of 17.8% from the prior year.
CEA Industries's gross margin was -7.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 15.7 percentage points from the prior year.
CEA Industries's operating margin was -113.1% in fiscal year 2024, reflecting core business profitability. This is down 70.4 percentage points from the prior year.
CEA Industries's net profit margin was -112.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 70.1 percentage points from the prior year.
BNC Income Statement
| Metric | Q2'25 | Q1'25 | Q1'25 | Q4'24 | Q2'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.1M+56.0% | $4.6M+541.9% | $713K+70.9% | $417K+6.8% | $391K-77.8% | $1.8M+650.8% | $235K-6.6% | $251K |
| Cost of Revenue | $5.1M+57.5% | $3.2M+375.7% | $674K+13.8% | $592K+28.5% | $461K-70.8% | $1.6M+306.5% | $389K-27.6% | $537K |
| Gross Profit | $2.1M+52.5% | $1.4M+3393.8% | $39K+122.5% | -$175K-149.3% | -$70K-139.0% | $180K+216.5% | -$154K+46.0% | -$286K |
| R&D Expenses | N/A | N/A | N/A | $194K | N/A | $112K-4.6% | $117K+68.4% | $69K |
| SG&A Expenses | $21.7M+212.1% | $6.9M+525.3% | $1.1M+31.1% | $847K+25.3% | $676K+3.5% | $653K-14.1% | $760K+9.7% | $693K |
| Operating Income | $89.8M+1692.0% | -$5.6M-425.3% | -$1.1M-4.8% | -$1.0M-37.2% | -$747K-56.5% | -$477K+48.3% | -$924K+7.2% | -$995K |
| Interest Expense | $287K-92.8% | $4.0M+75960.1% | $5K+100.1% | -$4.0M-63704.0% | $6K-99.8% | $4.0M+55409.3% | $7K-53.7% | $16K |
| Income Tax | $18.2M+30318.3% | -$60K | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $283.6M+4949.9% | -$5.8M-447.3% | -$1.1M-4.9% | -$1.0M-37.6% | -$740K-57.4% | -$470K+48.7% | -$917K+7.2% | -$988K |
| EPS (Diluted) | $5.36 | $-6.94-421.8% | $-1.33-3.9% | $-1.28-36.2% | $-0.94-42.4% | $-0.66+50.7% | $-1.34 | $-2.06 |
BNC Balance Sheet
| Metric | Q2'25 | Q1'25 | Q1'25 | Q4'24 | Q2'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $616.5M+3122.8% | $19.1M+102.7% | $9.4M-8.9% | $10.4M-8.6% | $11.3M-9.7% | $12.6M-1.0% | $12.7M-7.9% | $13.8M |
| Current Assets | $58.1M+696.2% | $7.3M-20.7% | $9.2M-8.9% | $10.1M-8.5% | $11.0M-9.7% | $12.2M-0.8% | $12.3M-7.8% | $13.4M |
| Cash & Equivalents | $32.5M+977.4% | $3.0M-65.3% | $8.7M-7.9% | $9.5M-8.2% | $10.3M-9.1% | $11.3M-2.4% | $11.6M-7.3% | $12.5M |
| Inventory | $3.5M+3.4% | $3.4M+16538.4% | $20K-21.9% | $26K+5.3% | $25K+4.3% | $24K-90.4% | $246K-17.0% | $296K |
| Accounts Receivable | N/A | N/A | $57K+335.9% | $13K-81.7% | $71K+121.5% | $32K+59.8% | $20K+7.9% | $19K |
| Goodwill | $4.0M-4.4% | $4.2M | N/A | $631K | N/A | $631K0.0% | $631K0.0% | $631K |
| Total Liabilities | $131.6M+976.0% | $12.2M+895.1% | $1.2M+5.6% | $1.2M+2.7% | $1.1M-29.6% | $1.6M+27.7% | $1.3M-16.6% | $1.5M |
| Current Liabilities | $11.2M+35.4% | $8.3M+636.8% | $1.1M+9.5% | $1.0M+6.6% | $966K-31.5% | $1.4M+36.9% | $1.0M-17.6% | $1.3M |
| Long-Term Debt | N/A | N/A | $109K | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $484.9M+6107.6% | $7.8M-4.8% | $8.2M-10.8% | $9.2M-9.9% | $10.2M-6.8% | $10.9M-4.2% | $11.4M-6.8% | $12.3M |
| Retained Earnings | $236.0M+595.3% | -$47.7M-15.1% | -$41.4M-2.6% | -$40.3M-2.6% | -$39.3M-1.9% | -$38.6M-1.2% | -$38.1M-2.5% | -$37.2M |
BNC Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q1'25 | Q4'24 | Q2'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$22.4M-1197.6% | -$1.7M-131.5% | -$745K+11.5% | -$842K+18.2% | -$1.0M-276.8% | -$273K+69.9% | -$909K-9.0% | -$835K |
| Capital Expenditures | N/A | N/A | N/A | $0 | N/A | N/A | N/A | $169K |
| Free Cash Flow | N/A | N/A | N/A | -$1.1M | N/A | N/A | N/A | -$475K |
| Investing Cash Flow | -$174.6M-1540.3% | -$10.6M-106340.8% | -$10K | $0 | N/A | N/A | N/A | $0 |
| Financing Cash Flow | $226.5M+5691.3% | $3.9M+3478.1% | $109K | N/A | N/A | N/A | N/A | $1.8M |
| 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 |
BNC Financial Ratios
| Metric | Q2'25 | Q1'25 | Q1'25 | Q4'24 | Q2'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.3%-0.7pp | 30.0%+24.5pp | 5.5%+47.4pp | -41.9%-23.9pp | -17.9%-28.2pp | 10.2%+76.0pp | -65.8%+48.0pp | -113.8% |
| Operating Margin | 1257.2%+1380.3pp | -123.2%+27.3pp | -150.5%+94.9pp | -245.4%-54.4pp | -191.1%-163.9pp | -27.1%+366.8pp | -393.9%+2.4pp | -396.4% |
| Net Margin | 3970.6%+4098.4pp | -127.7%+22.1pp | -149.8%+94.2pp | -244.0%-54.6pp | -189.5%-162.7pp | -26.7%+364.2pp | -390.9%+2.4pp | -393.3% |
| Return on Equity | 58.5% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 46.0%+76.6pp | -30.6%-19.3pp | -11.3%-1.5pp | -9.8%-3.3pp | -6.5%-2.8pp | -3.8%+3.5pp | -7.2%-0.1pp | -7.2% |
| Current Ratio | 5.17+4.3 | 0.88-7.3 | 8.16-1.6 | 9.80-1.6 | 11.42+2.8 | 8.66-3.3 | 11.95+1.3 | 10.68 |
| Debt-to-Equity | 0.27-1.3 | 1.57+1.4 | 0.15+0.0 | 0.13+0.0 | 0.11-0.0 | 0.15+0.0 | 0.11-0.0 | 0.12 |
| FCF Margin | N/A | N/A | N/A | -29.0% | N/A | N/A | N/A | -20.6% |
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Frequently Asked Questions
What is CEA Industries's annual revenue?
CEA Industries (BNC) reported $2.8M in total revenue for fiscal year 2024. This represents a -59.4% 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 CEA Industries's revenue growing?
CEA Industries (BNC) revenue declined by 59.4% year-over-year, from $6.9M to $2.8M in fiscal year 2024.
Is CEA Industries profitable?
No, CEA Industries (BNC) reported a net income of -$3.1M in fiscal year 2024, with a net profit margin of -112.2%.
What is CEA Industries's earnings per share (EPS)?
CEA Industries (BNC) reported diluted earnings per share of $-4.22 for fiscal year 2024. This represents a 2.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is CEA Industries's EBITDA?
CEA Industries (BNC) had EBITDA of -$3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is CEA Industries's gross margin?
CEA Industries (BNC) had a gross margin of -7.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is CEA Industries's operating margin?
CEA Industries (BNC) had an operating margin of -113.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is CEA Industries's net profit margin?
CEA Industries (BNC) had a net profit margin of -112.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is CEA Industries's operating cash flow?
CEA Industries (BNC) generated -$3.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are CEA Industries's total assets?
CEA Industries (BNC) had $10.4M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does CEA Industries have outstanding?
CEA Industries (BNC) had 793,109 shares outstanding as of fiscal year 2024.
What is CEA Industries's current ratio?
CEA Industries (BNC) had a current ratio of 9.80 as of fiscal year 2024, which is generally considered healthy.
What is CEA Industries's debt-to-equity ratio?
CEA Industries (BNC) had a debt-to-equity ratio of 0.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is CEA Industries's return on assets (ROA)?
CEA Industries (BNC) had a return on assets of -30.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is CEA Industries's cash runway?
Based on fiscal year 2024 data, CEA Industries (BNC) had $9.5M in cash against an annual operating cash burn of $3.1M. This gives an estimated cash runway of approximately 37 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 CEA Industries's Piotroski F-Score?
CEA Industries (BNC) has a Piotroski F-Score of 1 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 CEA Industries's earnings high quality?
CEA Industries (BNC) has an earnings quality ratio of 0.97x, 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.
Can CEA Industries cover its interest payments?
CEA Industries (BNC) has an interest coverage ratio of -121.3x, meaning it can struggle to cover its interest obligations. 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.
How financially healthy is CEA Industries?
CEA Industries (BNC) scores 50 out of 100 on our Financial Profile, indicating moderate 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.