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Captivision Inc Financials

CAPT
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2023 Currency USD FYE December

This page shows Captivision Inc (CAPT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 CAPT FY2023

External funding is covering operating cash burn while repeated losses are eroding the balance sheet faster than revenue can recover.

In the latest year, operating cash burn reached $10.5M and financing inflow was almost the same at $10.5M. Because cash still ended at only $477K while total liabilities stood at $67.9M, new funding appears to have mainly filled the operating hole rather than building a durable liquidity buffer.

The issue is not just weaker sales: revenue fell to $14.6M from $20.2M. Yet the net loss jumped to $77.0M from $7.9M, showing costs or charges swamped a small revenue base instead of merely tracking demand in normal proportions.

Liquidity pressure is structural: current assets were $10.6M against current liabilities of $51.3M, leaving little room for timing mistakes. With cash on hand at just $477K and inventory still at $4.7M, day-to-day flexibility depends more on turning working assets into cash than on a reserve.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 29 / 100
Financial Profile 29/100

Based on FY2023 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 Captivision 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.

Growth
74

Captivision Inc's revenue declined 27.5% year-over-year, from $20.2M to $14.6M. This contraction results in a growth score of 74/100.

Leverage
100

Captivision Inc carries a low D/E ratio of -0.00, meaning only $-0.00 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.

Liquidity
0

Captivision Inc's current ratio of 0.21 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
0

While Captivision Inc generated -$10.5M in operating cash flow, capex of $191K consumed most of it, leaving -$10.7M 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
3/9

Captivision Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality
0.14x

For every $1 of reported earnings, Captivision Inc generates $0.14 in operating cash flow (-$10.5M OCF vs -$77.0M 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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Earnings & Revenue

Revenue
$14.6M
YoY-27.5%

Captivision Inc generated $14.6M in revenue in fiscal year 2023. This represents a decrease of 27.5% from the prior year.

EBITDA
N/A
Net Income
-$77.0M
YoY-875.5%

Captivision Inc reported -$77.0M in net income in fiscal year 2023. This represents a decrease of 875.5% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
-$10.7M
YoY-94.0%

Captivision Inc generated -$10.7M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 94.0% from the prior year.

Cash & Debt
$477K
YoY+142.4%

Captivision Inc held $477K in cash against $14K in long-term debt as of fiscal year 2023.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
-526.0%
YoY-486.9pp

Captivision Inc's net profit margin was -526.0% in fiscal year 2023, showing the share of revenue converted to profit. This is down 486.9 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
$568K

Captivision Inc spent $568K on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$191K

Captivision Inc invested $191K in capex in fiscal year 2023, funding long-term assets and infrastructure.

CAPT Income Statement

Metric Q4'23 Q4'22
Revenue N/A N/A
Cost of Revenue N/A N/A
Gross Profit N/A N/A
R&D Expenses N/A N/A
SG&A Expenses N/A N/A
Operating Income N/A N/A
Interest Expense N/A N/A
Income Tax N/A N/A
Net Income N/A N/A
EPS (Diluted) N/A N/A

CAPT Balance Sheet

Metric Q4'23 Q4'22
Total Assets $21.5M-41.2% $36.6M
Current Assets $10.6M+16.1% $9.2M
Cash & Equivalents $477K+142.4% $197K
Inventory $4.7M-16.9% $5.7M
Accounts Receivable N/A N/A
Goodwill N/A N/A
Total Liabilities $67.9M+100.2% $33.9M
Current Liabilities $51.3M+85.3% $27.7M
Long-Term Debt $14K-43.5% $25K
Total Equity -$46.4M-1807.4% $2.7M
Retained Earnings -$136.8M-119.4% -$62.3M

CAPT Cash Flow Statement

Metric Q4'23 Q4'22
Operating Cash Flow N/A N/A
Capital Expenditures N/A N/A
Free Cash Flow N/A N/A
Investing Cash Flow N/A N/A
Financing Cash Flow N/A N/A
Dividends Paid N/A N/A
Share Buybacks N/A N/A

CAPT Financial Ratios

Metric Q4'23 Q4'22
Gross Margin N/A N/A
Operating Margin N/A N/A
Net Margin N/A N/A
Return on Equity N/A N/A
Return on Assets N/A N/A
Current Ratio 0.21-0.1 0.33
Debt-to-Equity -0.000.0 0.01
FCF Margin N/A N/A

Note: Shareholder equity is negative (-$46.4M), 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 (0.21), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Captivision Inc (CAPT) reported $14.6M in total revenue for fiscal year 2023. This represents a -27.5% 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.

Captivision Inc (CAPT) revenue declined by 27.5% year-over-year, from $20.2M to $14.6M in fiscal year 2023.

No, Captivision Inc (CAPT) reported a net income of -$77.0M in fiscal year 2023, with a net profit margin of -526.0%.

As of fiscal year 2023, Captivision Inc (CAPT) had $477K in cash and equivalents against $14K in long-term debt.

Captivision Inc (CAPT) had a net profit margin of -526.0% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

Captivision Inc (CAPT) generated -$10.7M in free cash flow during fiscal year 2023. This represents a -94.0% 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.

Captivision Inc (CAPT) generated -$10.5M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

Captivision Inc (CAPT) had $21.5M in total assets as of fiscal year 2023, including both current and long-term assets.

Captivision Inc (CAPT) invested $191K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

Yes, Captivision Inc (CAPT) spent $568K on share buybacks during fiscal year 2023, returning capital to shareholders by reducing shares outstanding.

Captivision Inc (CAPT) had a current ratio of 0.21 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

Captivision Inc (CAPT) had a debt-to-equity ratio of -0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

Captivision Inc (CAPT) had a return on assets of -357.8% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2023 data, Captivision Inc (CAPT) had $477K in cash against an annual operating cash burn of $10.5M. This gives an estimated cash runway of approximately 1 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.

Captivision Inc (CAPT) has negative shareholder equity of -$46.4M 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.

Captivision Inc (CAPT) has a Piotroski F-Score of 3 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.

Captivision Inc (CAPT) has an earnings quality ratio of 0.14x, 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.

Captivision Inc (CAPT) scores 29 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.

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