What is CAN B CORP's earnings per share (EPS)?

CAN B CORP (CANB) reported diluted earnings per share of -$0.77 for fiscal year 2023. 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.

CAN B CORP (CANB) Financials

CANB

FY2023 annual

Revenue $2.2M -67.8% YoY

Net Income -$9.7M +34.8% YoY

EPS (Diluted) -$0.77 YoY not available

Free Cash Flow -$1.3M YoY not available

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2024, ended Sep 30, 2024 Reported Nov 19, 2024 Currency USD FYE December

CAN B CORP (CANB) reported $2.2M in revenue for fiscal year 2023, down 67.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).

Rhea AI CANB FY2023 2026-10-03

Can B’s revenue contracted and gross margins collapsed, leaving a business that still relies on financing while liabilities exceed assets.

Operating cash flow improved from -$3.9M in FY2022 to -$1.3M in FY2023, but remained negative. That operating result was far less negative than the FY2023 net loss of $9.7M, indicating cash conversion was better than the headline earnings result because noncash or non-operating items materially widened the reported loss.

Revenue fell from $6.7M in FY2022 to $2.2M in FY2023, so the sales base shrank sharply. Gross margin compressed from 39.1% to 16.6%, showing that direct costs consumed a much larger share of the smaller business.

FY2023 liabilities of $12.0M exceeded assets of $10.1M, leaving negative equity rather than a balance-sheet cushion. A 0.4x current ratio means short-term obligations outweighed current assets, while positive financing cash flow alongside negative operating cash flow shows external capital activity, not operations, supplied the year’s cash.

Financial Health Signals

Financial health score not available

CAN B CORP 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.

Altman Z-Score Distress

-17.11

CAN B CORP scores -17.11, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.4M) relative to total liabilities ($12.0M). 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.

Piotroski F-Score Partial

1/8

CAN B CORP passes 1 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), neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

CAN B CORP reported a net loss of $9.7M while operations used $1.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

CAN B CORP reported an operating loss of $7.5M against $2.5M 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

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Earnings & Revenue

Revenue

$15K

YoY-96.4%

QoQ-94.4%

5Y CAGR-52.3%

CAN B CORP generated $15K in revenue in Q3 2024. This represents a decrease of 96.4% from the same quarter a year earlier. Against the prior quarter it is down 94.4%.

EBITDA

-$2.8M

YoY+12.3%

CAN B CORP's EBITDA was -$2.8M in Q3 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 12.3% from the same quarter a year earlier.

Net Income

-$3.3M

YoY+21.7%

QoQ-60.8%

CAN B CORP reported -$3.3M in net income in Q3 2024. This represents an increase of 21.7% from the same quarter a year earlier. Against the prior quarter it is down 60.8%.

EPS (Diluted)

-$0.05

QoQ-25.0%

CAN B CORP earned -$0.05 per diluted share (EPS) in Q3 2024. Against the prior quarter it is down 25.0%.

Cash & Balance Sheet

Cash & Debt

$8K

YoY-74.8%

CAN B CORP held $8K in cash as of Q3 2024; long-term debt is not reported for that period.

Shares Outstanding

64M

QoQ+2.8%

5Y CAGR-38.3%

CAN B CORP had 64M shares outstanding in Q3 2024. Against the prior quarter it is up 2.8%.

Free Cash Flow

Not reported for Q3 2024.

Dividends Per Share

Not reported for Q3 2024.

Margins & Returns

Gross Margin

Not shown for Q3 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Operating Margin

Not shown for Q3 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Net Margin

Not shown for Q3 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q3 2024.

Capital Allocation

None of these metrics is reported for Q3 2024.

CANB 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.

CANB quarterly income statement

Metric	TTM	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Revenue	$1.0M	$2.2M-67.8%	$6.7M+45.2%	$4.6M+169.3%	$1.7M-25.8%	$2.3M+244.8%	$669K+444.7%	$123K+29.0%	$95K-13.8%	$110K
Cost of Revenue	$1.4M	$1.8M-55.9%	$4.1M+152.6%	$1.6M+479.6%	$278K-53.5%	$599K+47.6%	$406K+812.0%	$44K	N/A	N/A
Gross Profit	-$343K	$359K-86.3%	$2.6M-12.6%	$3.0M+109.0%	$1.4M-16.1%	$1.7M+548.8%	$263K+236.1%	$78K	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	$165K+10.0%	$150K+100.0%	$75K+102.7%	$37K	N/A	N/A
SG&A Expenses	N/A	N/A	$927K+37.2%	$675K	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$10.7M	-$7.5M+47.2%	-$14.2M-38.0%	-$10.3M-36.2%	-$7.5M-27.9%	-$5.9M-72.5%	-$3.4M-379.2%	-$713K	N/A	N/A
EBITDA	N/A	-$6.1M+52.2%	-$12.8M-30.6%	-$9.8M-31.8%	-$7.4M-29.2%	-$5.7M-68.2%	-$3.4M-383.3%	-$706K	N/A	N/A
Interest Expense	$2.6M	$2.5M+178.3%	$902K-57.1%	$2.1M+124.9%	$935K+10529.9%	$9K-96.7%	$264K-5.6%	$279K+596.5%	-$56K-15.6%	-$49K
Income Tax	N/A	$10K+1110.1%	$793-26.2%	$1K-67.5%	$3K+58.5%	$2K	N/A	-$749K-221.7%	-$233K	N/A
Net Income	-$13.3M	-$9.7M+34.8%	-$14.9M-22.6%	-$12.2M-37.1%	-$8.9M-50.5%	-$5.9M-43.5%	-$4.1M	N/A	-$665K	N/A
EPS (Basic)	N/A	-$0.77+81.6%	-$4.18+53.9%	-$9.06-459.3%	-$1.62+43.6%	-$2.87	N/A	N/A	N/A	-$0.01
EPS (Diluted)	—	-$0.77	-$4.18	N/A	-$1.36	-$2.20	N/A	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	13M	4M	N/A	4M	3M-99.4%	424M+65.4%	256M+9.0%	235M	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$15K-96.4%	$272K-35.3%	$369K-60.7%	$377K-43.4%	$419K-85.5%	$421K-66.9%	$939K-49.5%	$666K-66.4%
Cost of Revenue	$416K-66.3%	$665K-28.8%	$1.2M+127.5%	-$898K-209.4%	$1.2M+20.1%	$934K-9.4%	$525K-55.9%	$821K+11.6%
Gross Profit	-$401K+51.0%	-$393K+23.5%	-$824K-298.7%	$1.3M+923.6%	-$817K-143.9%	-$514K-313.9%	$415K-38.1%	-$155K-112.4%
SG&A Expenses	$2.4M-11.9%	$1.2M-10.2%	$1.7M-8.7%	N/A	$2.8M	$1.3M	$1.8M	N/A
Operating Income	-$2.8M+20.8%	-$1.6M+14.0%	-$5.7M-294.1%	-$652K+74.8%	-$3.6M+47.6%	-$1.8M-16.9%	-$1.4M+55.0%	-$2.6M+23.0%
EBITDA	-$2.8M+12.3%	N/A	-$5.3M-390.8%	N/A	-$3.2M	N/A	-$1.1M+61.6%	N/A
Interest Expense	$430K-26.5%	$463K+11.3%	$506K+51.6%	$1.2M+384.1%	$585K+252.7%	$416K+143.3%	$334K+3.6%	$243K-62.9%
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	$10K	N/A
Net Income	-$3.3M+21.7%	-$2.0M-0.1%	-$6.2M-254.3%	-$1.8M+37.7%	-$4.2M+39.6%	-$2.0M-23.2%	-$1.7M+50.1%	-$2.9M+27.8%
EPS (Basic)	-$0.05+86.1%	-$0.04+89.2%	-$0.16+55.6%	N/A	-$0.36+81.8%	-$0.37+24.5%	-$0.36+67.3%	N/A
EPS (Diluted)	-$0.05	-$0.04	-$0.16	N/A	-$0.36	-$0.37	-$0.36	N/A
Diluted Shares (Avg)	65M	55M	37M	N/A	12M	6M	5M	N/A

Not reported in any period shown, so not listed: R&D Expenses.

CANB Balance Sheet

CANB quarterly balance sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Total Assets	$10.1M-34.9%	$15.6M-5.6%	$16.5M+321.2%	$3.9M-45.8%	$7.2M+95.3%	$3.7M+1584.2%	$219K+60.1%	$137K-24.0%	$180K
Current Assets	$5.4M-38.2%	$8.7M+30.8%	$6.7M+136.2%	$2.8M-16.8%	$3.4M+196.0%	$1.1M+626.7%	$157K+239.1%	$46K-43.7%	$83K
Cash & Equivalents	$34K-53.5%	$73K-83.7%	$449K-1.9%	$458K+883.7%	$47K-94.2%	$808K+48795.1%	$2K-94.5%	$30K+64.3%	$18K
Inventory	$1.6M-20.0%	$2.0M-20.7%	$2.6M+640.2%	$345K-56.0%	$784K+800.6%	$87K+785.7%	$10K	N/A	N/A
Accounts Receivable	$3.7M-43.5%	$6.6M+80.6%	$3.6M+82.1%	$2.0M+60.0%	$1.3M+3095.2%	$39K+544.8%	$6K	N/A	N/A
Goodwill	N/A	N/A	N/A	$56K0.0%	$56K0.0%	$56K	N/A	N/A	N/A
Total Liabilities	$12.0M-6.8%	$12.9M+18.5%	$10.9M+345.7%	$2.4M+331.3%	$565K+175.7%	$205K-89.5%	$1.9M+199.2%	$652K+746.0%	$77K
Current Liabilities	$12.0M-3.5%	$12.4M+31.3%	$9.5M+325.3%	$2.2M+340.0%	$506K+146.9%	$205K-89.5%	$1.9M+199.2%	$652K+746.0%	$77K
Non-Current Liabilities	$0-100.0%	$438K-68.5%	$1.4M+561.5%	$210K+256.7%	$59K	$0	$0	$0	$0
Total Equity	-$1.9M-168.9%	$2.7M-52.0%	$5.6M+280.7%	$1.5M-77.8%	$6.6M+90.6%	$3.5M+301.7%	-$1.7M-236.2%	-$515K-598.2%	$103K
Retained Earnings	-$102.5M-10.6%	-$92.7M-19.2%	-$77.8M-18.6%	-$65.6M-165.9%	-$24.7M-31.4%	-$18.8M-28.1%	-$14.6M-17.1%	-$12.5M-5.6%	-$11.8M

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$1.9M-85.8%	$4.9M-66.3%	$5.3M-65.8%	$10.1M-34.9%	$13.1M-21.8%	$14.6M-14.4%	$15.6M-8.4%	$15.6M-5.6%
Current Assets	$1.6M-79.1%	$4.0M-52.8%	$4.2M-53.8%	$5.4M-38.2%	$7.6M-18.4%	$8.4M+2.2%	$9.1M+19.7%	$8.7M+30.8%
Cash & Equivalents	$8K-74.8%	N/A	$27K-86.5%	$34K-53.5%	$31K-9.1%	$123K-0.5%	$196K+70.7%	$73K-83.7%
Inventory	$156K-83.8%	$563K-63.7%	$593K-70.8%	$1.6M-20.0%	$960K-57.5%	$1.6M-50.9%	$2.0M-34.2%	$2.0M-20.7%
Accounts Receivable	$1.4M-78.5%	$3.4M-49.3%	$3.6M-47.8%	$3.7M-43.5%	$6.6M-6.1%	$6.7M+35.6%	$6.9M+55.3%	$6.6M+80.6%
Total Liabilities	$11.6M-9.4%	$11.1M-20.8%	$10.4M-20.8%	$12.0M-6.8%	$12.9M+5.2%	$14.0M+23.1%	$13.1M+22.1%	$12.9M+18.5%
Current Liabilities	$11.6M-9.4%	$11.1M-19.0%	$10.4M-19.1%	$12.0M-3.5%	$12.9M+11.2%	$13.7M+31.3%	$12.8M+34.0%	$12.4M+31.3%
Non-Current Liabilities	$0	$0-100.0%	$0-100.0%	$0-100.0%	$0-100.0%	$305K-67.6%	$276K-76.2%	$438K-68.5%
Total Equity	-$9.8M-4557.0%	-$6.8M-1316.9%	-$5.3M-316.6%	-$1.9M-168.9%	$220K-95.1%	$555K-90.2%	$2.5M-60.7%	$2.7M-52.0%
Retained Earnings	-$113.9M-13.2%	-$110.7M-14.7%	-$108.6M-15.1%	-$102.5M-10.6%	-$100.6M-12.1%	-$96.5M-16.4%	-$94.4M-16.2%	-$92.7M-19.2%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Long-Term Debt.

CANB Cash Flow Statement

CANB quarterly cash flow statement

Metric	TTM	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Operating Cash Flow	$246K	-$1.3M+67.0%	-$3.9M+47.1%	-$7.5M-283.5%	-$1.9M+19.3%	-$2.4M-220.3%	-$754K-163.2%	-$286K-101.0%	-$142K+57.8%	-$337K
Depreciation & Amortization	N/A	$1.4M-1.4%	$1.4M+185.2%	$494K+296.9%	$124K-19.6%	$155K+2727.0%	$5K-24.0%	$7K+120.4%	$3K+48.4%	$2K
Stock-Based Compensation	N/A	$1.5M-71.3%	$5.1M+111.5%	$2.4M-7.3%	$2.6M-41.2%	$4.4M+58.2%	$2.8M+1100.1%	$232K+672.0%	$30K-97.5%	$1.2M
Capital Expenditures	N/A	$15K	N/A	$539K+972.8%	$50K-95.5%	$1.1M+2283.2%	$46K	N/A	N/A	N/A
Free Cash Flow	N/A	-$1.3M	N/A	-$8.0M-300.8%	-$2.0M+43.2%	-$3.5M-339.9%	-$800K	N/A	N/A	N/A
Investing Cash Flow	N/A	-$85K	N/A	-$716K-2736.9%	-$25K+98.5%	-$1.7M-3510.9%	-$46K+38.7%	-$75K	N/A	-$30K
Financing Cash Flow	-$260K	$1.3M-62.2%	$3.6M-56.3%	$8.2M+243.0%	$2.4M-28.0%	$3.3M+106.3%	$1.6M+382.5%	$333K+115.7%	$154K-45.9%	$285K
Share Buybacks	N/A	N/A	N/A	N/A	$560K	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	$9K+104.4%	-$131K+61.8%	$217K+123.9%	$151K+128.8%	-$207K+80.6%	-$343K-30.8%	-$906K+56.7%	-$526K+62.5%
Depreciation & Amortization	$0-100.0%	N/A	$314K-9.4%	N/A	$348K	N/A	$347K-3.5%	N/A
Stock-Based Compensation	$0-100.0%	N/A	$1.2M	N/A	$1.5M	N/A	$0-100.0%	N/A
Capital Expenditures	N/A	N/A	N/A	$0	$0	$0	$15K	N/A
Free Cash Flow	N/A	N/A	N/A	$151K	-$207K	-$343K	-$921K	N/A
Investing Cash Flow	-$6K	N/A	N/A	$369	$0	$0	-$85K	N/A
Financing Cash Flow	$5K-95.4%	$108K-60.0%	-$224K-120.1%	-$149K-126.4%	$115K-88.3%	$270K-0.4%	$1.1M-36.7%	$565K-67.3%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

CANB 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.

CANB quarterly financial ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15
Gross Margin	16.6%-22.5pp	39.1%-25.9pp	65.0%-18.8pp	83.7%+9.7pp	74.0%+34.7pp	39.4%-24.4pp	63.8%	N/A	N/A
Operating Margin	-347.3%	-211.9%	-223.0%	-440.8%	-255.6%	-510.9%	-580.7%	N/A	N/A
Net Margin	-451.7%	-223.2%	-264.3%	-519.3%	-255.9%	-615.1%	N/A	-699.0%	N/A
Return on Equity	N/A	-553.2%-336.6pp	-216.6%+385.0pp	-601.5%-512.8pp	-88.7%+29.1pp	-117.9%	N/A	N/A	N/A
Return on Assets	-96.2%-0.2pp	-95.9%-22.1pp	-73.9%+153.1pp	-227.0%-145.2pp	-81.8%+29.5pp	-111.3%	N/A	-485.5%	N/A
Current Ratio	0.45-0.3x	0.700.0x	0.70-0.6x	1.27-5.4x	6.70+1.1x	5.59+5.5x	0.080.0x	0.07-1.0x	1.07
Debt-to-Equity	N/A	4.77+2.8x	1.93+0.3x	1.65+1.6x	0.080.0x	0.06	N/A	N/A	0.75
Asset Turnover	0.21-0.2x	0.43+0.2x	0.28-0.2x	0.44+0.1x	0.32+0.1x	0.18-0.4x	0.56-0.1x	0.69+0.1x	0.61
FCF Margin	-61.2%	N/A	-173.9%	-116.8%	-152.6%	-119.6%	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	-2623.3%	-144.4%	-223.3%	338.2%	-194.9%	-122.2%	44.1%+8.1pp	-23.2%-86.2pp
Operating Margin	-18553.7%	-575.5%	-1532.1%	-172.9%	-854.1%	-433.1%	-152.8%	-388.8%
Net Margin	-21367.6%	-745.0%	-1669.3%	-479.2%	-994.2%	-481.9%	-185.1%	-435.3%
Return on Equity	N/A	N/A	N/A	N/A	-1896.8%-1743.4pp	-365.3%-336.1pp	-70.9%-15.1pp	-107.5%-36.0pp
Return on Assets	-175.8%-143.9pp	-41.2%-27.3pp	-115.8%-104.6pp	-17.8%+0.8pp	-31.9%+9.4pp	-13.9%-4.2pp	-11.2%+9.3pp	-18.6%+5.8pp
Current Ratio	0.14-0.5x	0.36-0.3x	0.41-0.3x	0.45-0.3x	0.59-0.2x	0.61-0.2x	0.71-0.1x	0.700.0x
Debt-to-Equity	N/A	N/A	N/A	N/A	58.54+55.8x	25.28+23.3x	5.35+3.6x	4.77+2.8x
Asset Turnover	0.010.0x	0.060.0x	0.070.0x	0.040.0x	0.03-0.1x	0.030.0x	0.060.0x	0.04-0.1x
FCF Margin	N/A	N/A	N/A	40.2%	-49.3%	-81.6%	-98.1%	N/A

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 (-$1.9M), 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 (0.45), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Where CAN B CORP Ranks

Frequently Asked Questions

What is CAN B CORP's annual revenue?

CAN B CORP (CANB) reported $2.2M in total revenue for fiscal year 2023. This represents a -67.8% 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 CAN B CORP's revenue growing?

CAN B CORP (CANB) revenue declined by 67.8% year-over-year, from $6.7M to $2.2M in fiscal year 2023.

Is CAN B CORP profitable?

No, CAN B CORP (CANB) reported a net income of -$9.7M in fiscal year 2023.

What is CAN B CORP's EBITDA?

CAN B CORP (CANB) had EBITDA of -$6.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is CAN B CORP's gross margin?

CAN B CORP (CANB) had a gross margin of 16.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is CAN B CORP's free cash flow?

CAN B CORP (CANB) recorded an outflow of $1.3M in free cash flow during fiscal year 2023. 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 CAN B CORP's operating cash flow?

CAN B CORP (CANB) recorded an outflow of $1.3M in operating cash flow during fiscal year 2023, representing cash used by core business activities.

What are CAN B CORP's total assets?

CAN B CORP (CANB) had $10.1M in total assets as of fiscal year 2023, including both current and long-term assets.

What are CAN B CORP's capital expenditures?

CAN B CORP (CANB) invested $15K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does CAN B CORP have outstanding?

CAN B CORP (CANB) had 33M shares outstanding as of fiscal year 2023.

What is CAN B CORP's current ratio?

CAN B CORP (CANB) had a current ratio of 0.45 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is CAN B CORP's return on assets (ROA)?

CAN B CORP (CANB) had a return on assets of -96.2% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

Why is CAN B CORP's debt-to-equity ratio negative or not reported?

CAN B CORP (CANB) has negative shareholder equity of -$1.9M as of fiscal year 2023, 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.

What is CAN B CORP's Altman Z-Score?

CAN B CORP (CANB) has an Altman Z-Score of -17.11, 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.

What is CAN B CORP's Piotroski F-Score?

CAN B CORP (CANB) has a Piotroski F-Score of 1 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.

Are CAN B CORP's earnings high quality?

CAN B CORP (CANB) reported a net loss of $9.7M while operations used $1.3M 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.

Can CAN B CORP cover its interest payments?

CAN B CORP (CANB) reported an operating loss of $7.5M against $2.5M 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.