Cea Industries Inc Financials
This page shows Cea Industries Inc (BNCWW) 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).
CEA Industries is now a cash-rich but revenue-light company, with fixed overhead and negative gross margin overwhelming operations.
After the financing reset, cash burn has become the real operating clock: cash fell from$18.6M to$9.5M . With operating cash flow still negative in consecutive years and liabilities only$1.2M , the balance sheet is financing the business while sales no longer cover even direct costs.
As revenue kept shrinking, selling and administrative expense stayed near
The balance sheet is unusually clean for a company with recurring losses: cash of
Financial Health Signals
Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Cea Industries Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Cea Industries Inc 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 Inc'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 Inc 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 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.80, Cea Industries Inc holds $9.80 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Cea Industries Inc generates a -34.2% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -23.8% the prior year.
Cea Industries Inc 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 Inc 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 Inc 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
Earnings & Revenue
Cea Industries Inc generated $2.8M in revenue in fiscal year 2024. This represents a decrease of 59.4% from the prior year.
Cea Industries Inc'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 Inc reported -$3.1M in net income in fiscal year 2024. This represents a decrease of 8.1% from the prior year.
Cea Industries Inc earned $-4.22 per diluted share (EPS) in fiscal year 2024. This represents an increase of 2.5% from the prior year.
Cash & Balance Sheet
Cea Industries Inc held $9.5M in cash against $0 in long-term debt as of fiscal year 2024.
Cea Industries Inc had 793,109 shares outstanding in fiscal year 2024. This represents an increase of 17.8% from the prior year.
Margins & Returns
Cea Industries Inc'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 Inc'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 Inc'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.
Cea Industries Inc's ROE was -34.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 10.5 percentage points from the prior year.
Capital Allocation
BNCWW Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.3M+2.7% | $7.1M+56.0% | $4.6M-33.7% | $6.9M+1667.8% | $391K-77.8% | $1.8M+650.8% | $235K-6.6% | $251K |
| Cost of Revenue | $5.6M+10.3% | $5.1M+57.5% | $3.2M-37.7% | $5.1M+1016.5% | $461K-70.8% | $1.6M+306.5% | $389K-27.6% | $537K |
| Gross Profit | $1.8M-15.8% | $2.1M+52.5% | $1.4M-22.1% | $1.8M+2611.5% | -$70K-139.0% | $180K+216.5% | -$154K+46.0% | -$286K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $6.0M-72.3% | $21.7M+212.1% | $6.9M | N/A | $676K+3.5% | $653K-14.1% | $760K+9.7% | $693K |
| Operating Income | -$164.3M-283.0% | $89.8M+1692.0% | -$5.6M | N/A | -$747K-56.5% | -$477K+48.3% | -$924K+7.2% | -$995K |
| Interest Expense | N/A | $287K-92.8% | $4.0M | N/A | $6K-99.8% | $4.0M+55409.3% | $7K-53.7% | $16K |
| Income Tax | -$18.4M-201.3% | $18.2M+30318.3% | -$60K | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$106.6M-137.6% | $283.6M+4949.9% | -$5.8M | N/A | -$740K-57.4% | -$470K+48.7% | -$917K+7.2% | -$988K |
| EPS (Diluted) | $-2.00-137.3% | $5.36 | $-6.94 | N/A | $-0.94-42.4% | $-0.66+50.7% | $-1.34 | N/A |
BNCWW Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $436.8M-29.1% | $616.5M+3122.8% | $19.1M+84.6% | $10.4M-8.6% | $11.3M-9.7% | $12.6M-1.0% | $12.7M-7.9% | $13.8M |
| Current Assets | $22.5M-61.3% | $58.1M+696.2% | $7.3M-27.7% | $10.1M-8.5% | $11.0M-9.7% | $12.2M-0.8% | $12.3M-7.8% | $13.4M |
| Cash & Equivalents | $11.3M-65.2% | $32.5M+977.4% | $3.0M-68.1% | $9.5M-8.2% | $10.3M-9.1% | $11.3M-2.4% | $11.6M-7.3% | $12.5M |
| Inventory | $3.9M+10.8% | $3.5M+3.4% | $3.4M+12889.9% | $26K+5.3% | $25K+4.3% | $24K-90.4% | $246K-17.0% | $296K |
| Accounts Receivable | N/A | N/A | N/A | $13K-81.7% | $71K+121.5% | $32K+59.8% | $20K+7.9% | $19K |
| Goodwill | $4.2M+3.4% | $4.0M-4.4% | $4.2M | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $71.9M-45.4% | $131.6M+976.0% | $12.2M+950.5% | $1.2M+2.7% | $1.1M-29.6% | $1.6M+27.7% | $1.3M-16.6% | $1.5M |
| Current Liabilities | $8.6M-23.8% | $11.2M+35.4% | $8.3M+706.6% | $1.0M+6.6% | $966K-31.5% | $1.4M+36.9% | $1.0M-17.6% | $1.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $364.9M-24.7% | $484.9M+6107.6% | $7.8M-15.1% | $9.2M-9.9% | $10.2M-6.8% | $10.9M-4.2% | $11.4M-6.8% | $12.3M |
| Retained Earnings | $129.4M-45.2% | $236.0M+595.3% | -$47.7M-18.1% | -$40.3M-2.6% | -$39.3M-1.9% | -$38.6M-1.2% | -$38.1M-2.5% | -$37.2M |
BNCWW Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.0M+64.3% | -$22.4M-1197.6% | -$1.7M-104.8% | -$842K+18.2% | -$1.0M-276.8% | -$273K+69.9% | -$909K-9.0% | -$835K |
| Capital Expenditures | $123 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | -$8.0M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$423K+99.8% | -$174.6M-1540.3% | -$10.6M | N/A | N/A | N/A | N/A | $0 |
| Financing Cash Flow | -$12.7M-105.6% | $226.5M+5691.3% | $3.9M | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $8.8M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BNCWW Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.0%-5.3pp | 29.3%-0.7pp | 30.0%+4.5pp | 25.5%+43.5pp | -17.9%-28.2pp | 10.2%+76.0pp | -65.8%+48.0pp | -113.8% |
| Operating Margin | -2240.2%-3497.4pp | 1257.2%+1380.3pp | -123.2% | N/A | -191.1%-163.9pp | -27.1%+366.8pp | -393.9%+2.4pp | -396.4% |
| Net Margin | -1453.0%-5423.6pp | 3970.6%+4098.4pp | -127.7% | N/A | -189.5%-162.7pp | -26.7%+364.2pp | -390.9%+2.4pp | -393.3% |
| Return on Equity | -29.2%-87.7pp | 58.5%+133.4pp | -74.9% | N/A | -7.3%-3.0pp | -4.3%+3.7pp | -8.0%+0.0pp | -8.1% |
| Return on Assets | -24.4%-70.4pp | 46.0%+76.6pp | -30.6% | N/A | -6.5%-2.8pp | -3.8%+3.5pp | -7.2%-0.1pp | -7.2% |
| Current Ratio | 2.62-2.5 | 5.17+4.3 | 0.88-8.9 | 9.80-1.6 | 11.42+2.8 | 8.66-3.3 | 11.95+1.3 | 10.68 |
| Debt-to-Equity | 0.20-0.1 | 0.27-1.3 | 1.57+1.4 | 0.13+0.0 | 0.11-0.0 | 0.15+0.0 | 0.11-0.0 | 0.12 |
| FCF Margin | -109.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Similar Companies
Frequently Asked Questions
What is Cea Industries Inc's annual revenue?
Cea Industries Inc (BNCWW) 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 Inc's revenue growing?
Cea Industries Inc (BNCWW) revenue declined by 59.4% year-over-year, from $6.9M to $2.8M in fiscal year 2024.
Is Cea Industries Inc profitable?
No, Cea Industries Inc (BNCWW) reported a net income of -$3.1M in fiscal year 2024, with a net profit margin of -112.2%.
What is Cea Industries Inc's EBITDA?
Cea Industries Inc (BNCWW) had EBITDA of -$3.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Cea Industries Inc's gross margin?
Cea Industries Inc (BNCWW) 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 Inc's operating margin?
Cea Industries Inc (BNCWW) 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 Inc's net profit margin?
Cea Industries Inc (BNCWW) 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 Inc's return on equity (ROE)?
Cea Industries Inc (BNCWW) has a return on equity of -34.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Cea Industries Inc's operating cash flow?
Cea Industries Inc (BNCWW) generated -$3.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Cea Industries Inc's total assets?
Cea Industries Inc (BNCWW) had $10.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Cea Industries Inc's current ratio?
Cea Industries Inc (BNCWW) had a current ratio of 9.80 as of fiscal year 2024, which is generally considered healthy.
What is Cea Industries Inc's debt-to-equity ratio?
Cea Industries Inc (BNCWW) 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 Inc's return on assets (ROA)?
Cea Industries Inc (BNCWW) 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 Inc's cash runway?
Based on fiscal year 2024 data, Cea Industries Inc (BNCWW) 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 Inc's Piotroski F-Score?
Cea Industries Inc (BNCWW) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Cea Industries Inc's earnings high quality?
Cea Industries Inc (BNCWW) 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 Inc cover its interest payments?
Cea Industries Inc (BNCWW) 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 Inc?
Cea Industries Inc (BNCWW) scores 33 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.