TREES CORP Financials
This page shows TREES CORP (CANN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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 FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
TREES CORP has an operating margin of -21.9%, meaning the company retains $-22 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 up from -23.6% the prior year.
TREES CORP's revenue surged 34.9% year-over-year to $18.1M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
TREES CORP has elevated debt relative to equity (D/E of 94.59), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
TREES CORP's current ratio of 0.32 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
TREES CORP passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, TREES CORP generates $0.16 in operating cash flow (-$1.1M OCF vs -$7.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
TREES CORP earns $-2.3 in operating income for every $1 of interest expense (-$4.0M vs $1.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
TREES CORP generated $18.1M in revenue in fiscal year 2023. This represents an increase of 34.9% from the prior year.
TREES CORP's EBITDA was -$3.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 9.0% from the prior year.
TREES CORP reported -$7.1M in net income in fiscal year 2023. This represents an increase of 25.3% from the prior year.
TREES CORP earned $-0.06 per diluted share (EPS) in fiscal year 2023. This represents an increase of 40.0% from the prior year.
TREES CORP held $970K in cash against $14.0M in long-term debt as of fiscal year 2023.
TREES CORP had 109M shares outstanding in fiscal year 2023. This represents a decrease of 8.4% from the prior year.
TREES CORP's gross margin was 36.2% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.
TREES CORP's operating margin was -21.9% in fiscal year 2023, reflecting core business profitability. This is up 1.7 percentage points from the prior year.
TREES CORP's net profit margin was -39.1% in fiscal year 2023, showing the share of revenue converted to profit. This is up 31.4 percentage points from the prior year.
CANN Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'22 | Q3'23 | Q2'23 | Q1'23 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.3M-10.3% | $3.7M+0.1% | $3.7M+6.6% | $3.5M+8.8% | $3.2M-1.8% | $3.2M-9.4% | $3.6M+88.0% | $1.9M |
| Cost of Revenue | $2.0M+16.0% | $1.7M-22.9% | $2.2M-19.5% | $2.7M+33.6% | $2.0M+16.7% | $1.7M-15.9% | $2.1M+9.2% | $1.9M |
| Gross Profit | $1.4M-32.4% | $2.0M+33.7% | $1.5M+102.9% | $738K-35.3% | $1.1M-23.5% | $1.5M-0.6% | $1.5M+176392.3% | $849 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.3M-4.7% | $1.3M-7.7% | $1.4M-43.5% | $2.6M+74.7% | $1.5M+20.6% | $1.2M-8.5% | $1.3M+45.6% | $911K |
| Operating Income | -$272K-227.1% | $214K+144.8% | -$477K+78.7% | -$2.2M-240.6% | -$657K-578.0% | $138K+133.0% | -$417K-7.7% | -$387K |
| Interest Expense | $301K-58.0% | $717K+29.4% | $554K+32.2% | $419K+95.9% | $214K+21.5% | $176K+1.0% | $174K-2.2% | $178K |
| Income Tax | -$336K-128.3% | $1.2M+768.8% | $137K | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$509K+55.1% | -$1.1M+18.4% | -$1.4M+75.7% | -$5.7M-111.7% | -$2.7M-1378.3% | -$183K+78.8% | -$861K+77.4% | -$3.8M |
| EPS (Diluted) | $0.00+100.0% | $-0.010.0% | $-0.01+83.3% | $-0.06-100.0% | $-0.03 | $0.00+100.0% | $-0.01+80.0% | $-0.05 |
CANN Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'22 | Q3'23 | Q2'23 | Q1'23 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.2M-4.1% | $22.1M-1.1% | $22.3M-29.6% | $31.7M+14.0% | $27.8M+20.9% | $23.0M-2.1% | $23.5M+6.6% | $22.0M |
| Current Assets | $1.3M-27.2% | $1.8M+6.0% | $1.7M-65.9% | $5.0M-34.3% | $7.5M+190.0% | $2.6M-15.3% | $3.1M-11.8% | $3.5M |
| Cash & Equivalents | $245K-35.9% | $383K-7.5% | $414K-84.0% | $2.6M+31.5% | $2.0M+83.1% | $1.1M-35.0% | $1.7M-19.6% | $2.1M |
| Inventory | $688K-32.6% | $1.0M+27.4% | $801K-61.2% | $2.1M+72.0% | $1.2M-9.7% | $1.3M+12.6% | $1.2M+5.3% | $1.1M |
| Accounts Receivable | $7K-96.3% | $191K+135.0% | $81K+96.9% | $41K-75.0% | $165K+684.5% | $21K-69.6% | $69K-13.5% | $80K |
| Goodwill | $15.9M0.0% | $15.9M0.0% | $15.9M-13.6% | $18.4M+25.8% | $14.6M0.0% | $14.6M+49.7% | $9.8M+10.9% | $8.8M |
| Total Liabilities | $23.8M-1.6% | $24.2M+2.6% | $23.6M-6.9% | $25.3M+30.0% | $19.5M+54.6% | $12.6M-2.7% | $12.9M+4.2% | $12.4M |
| Current Liabilities | $8.1M+7.9% | $7.5M-3.7% | $7.8M+27.6% | $6.1M+32.6% | $4.6M+8.5% | $4.3M-1.2% | $4.3M+5.8% | $4.1M |
| Long-Term Debt | $14.2M-5.5% | $15.0M+7.5% | $14.0M-12.0% | $15.9M+27.4% | $12.5M+109.5% | $6.0M-2.1% | $6.1M+3.0% | $5.9M |
| Total Equity | -$2.6M-24.1% | -$2.1M-69.9% | -$1.2M-119.4% | $6.4M-23.2% | $8.3M-19.8% | $10.4M-1.3% | $10.5M+9.8% | $9.6M |
| Retained Earnings | -$103.5M-0.5% | -$103.0M-1.1% | -$101.9M-9.1% | -$93.4M-6.6% | -$87.6M-3.3% | -$84.9M-0.2% | -$84.7M-1.0% | -$83.8M |
CANN Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'22 | Q3'23 | Q2'23 | Q1'23 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $99K+132.2% | -$306K-11.5% | -$274K+76.2% | -$1.2M-78.0% | -$649K-123.3% | -$291K-742.8% | $45K+127.8% | -$163K |
| Capital Expenditures | $16K+67.1% | $9K-54.7% | $21K-25.5% | $28K+40.7% | $20K+249.2% | $6K-34.2% | $9K+7.7% | $8K |
| Free Cash Flow | $83K+126.3% | -$316K-6.9% | -$295K+75.1% | -$1.2M-76.9% | -$669K-125.7% | -$296K-908.6% | $37K+121.5% | -$171K |
| Investing Cash Flow | -$16K-67.1% | -$9K+54.7% | -$21K+98.8% | -$1.7M-8751.4% | -$20K-367.5% | $7K+103.9% | -$190K-352.5% | -$42K |
| Financing Cash Flow | -$221K-177.6% | $284K+209.2% | -$260K+49.9% | -$520K-109.3% | $5.6M+1998.8% | -$295K-14.2% | -$258K-25.4% | -$206K |
| Dividends Paid | $0 | $0-100.0% | $18K | 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 |
CANN Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'22 | Q3'23 | Q2'23 | Q1'23 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.9%-13.4pp | 54.3%+13.6pp | 40.6%+19.3pp | 21.3%-14.6pp | 35.9%-10.2pp | 46.1%+4.1pp | 41.9%+41.9pp | 0.0% |
| Operating Margin | -8.2%-14.0pp | 5.8%+18.8pp | -13.0%+51.8pp | -64.7%-44.0pp | -20.7%-24.9pp | 4.3%+15.9pp | -11.7%+8.7pp | -20.4% |
| Net Margin | -15.4%+15.4pp | -30.8%+7.0pp | -37.7%+127.9pp | -165.6%-80.5pp | -85.1%-79.5pp | -5.7%+18.4pp | -24.1%+176.2pp | -200.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -2.4%+2.7pp | -5.1%+1.1pp | -6.2%+11.8pp | -18.1%-8.3pp | -9.7%-8.9pp | -0.8%+2.9pp | -3.7%+13.6pp | -17.3% |
| Current Ratio | 0.16-0.1 | 0.24+0.0 | 0.22-0.6 | 0.81-0.8 | 1.63+1.0 | 0.61-0.1 | 0.71-0.1 | 0.85 |
| Debt-to-Equity | -5.42+1.7 | -7.11+4.1 | -11.25-13.7 | 2.48+1.0 | 1.50+0.9 | 0.570.0 | 0.58-0.0 | 0.61 |
| FCF Margin | 2.5%+11.1pp | -8.6%-0.5pp | -8.0%+26.2pp | -34.2%-13.2pp | -21.1%-11.9pp | -9.2%-10.2pp | 1.0%+10.0pp | -9.0% |
Note: The current ratio is below 1.0 (0.32), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is TREES CORP's annual revenue?
TREES CORP (CANN) reported $18.1M in total revenue for fiscal year 2023. This represents a 34.9% 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 TREES CORP's revenue growing?
TREES CORP (CANN) revenue grew by 34.9% year-over-year, from $13.4M to $18.1M in fiscal year 2023.
Is TREES CORP profitable?
No, TREES CORP (CANN) reported a net income of -$7.1M in fiscal year 2023, with a net profit margin of -39.1%.
What is TREES CORP's earnings per share (EPS)?
TREES CORP (CANN) reported diluted earnings per share of $-0.06 for fiscal year 2023. This represents a 40.0% 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 TREES CORP's EBITDA?
TREES CORP (CANN) had EBITDA of -$3.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does TREES CORP have?
As of fiscal year 2023, TREES CORP (CANN) had $970K in cash and equivalents against $14.0M in long-term debt.
What is TREES CORP's gross margin?
TREES CORP (CANN) had a gross margin of 36.2% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is TREES CORP's operating margin?
TREES CORP (CANN) had an operating margin of -21.9% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is TREES CORP's net profit margin?
TREES CORP (CANN) had a net profit margin of -39.1% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is TREES CORP's operating cash flow?
TREES CORP (CANN) generated -$1.1M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are TREES CORP's total assets?
TREES CORP (CANN) had $23.2M in total assets as of fiscal year 2023, including both current and long-term assets.
How many shares does TREES CORP have outstanding?
TREES CORP (CANN) had 109M shares outstanding as of fiscal year 2023.
What is TREES CORP's current ratio?
TREES CORP (CANN) had a current ratio of 0.32 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is TREES CORP's debt-to-equity ratio?
TREES CORP (CANN) had a debt-to-equity ratio of 94.59 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is TREES CORP's return on assets (ROA)?
TREES CORP (CANN) had a return on assets of -30.5% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is TREES CORP's cash runway?
Based on fiscal year 2023 data, TREES CORP (CANN) had $970K in cash against an annual operating cash burn of $1.1M. This gives an estimated cash runway of approximately 10 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 TREES CORP's Piotroski F-Score?
TREES CORP (CANN) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 TREES CORP's earnings high quality?
TREES CORP (CANN) has an earnings quality ratio of 0.16x, 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 TREES CORP cover its interest payments?
TREES CORP (CANN) has an interest coverage ratio of -2.3x, 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 TREES CORP?
TREES CORP (CANN) scores 25 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.