1606 Corp Financials
This page shows 1606 Corp (CBDW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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
1606 Corp passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, 1606 Corp generates $0.20 in operating cash flow (-$891K OCF vs -$4.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
1606 Corp earns $-8.4 in operating income for every $1 of interest expense (-$4.1M vs $491K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
1606 Corp generated $7K in revenue in fiscal year 2024. This represents an increase of 348.8% from the prior year.
1606 Corp reported -$4.5M in net income in fiscal year 2024. This represents a decrease of 185.6% from the prior year.
1606 Corp earned $-0.06 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 100.0% from the prior year.
1606 Corp held $2K in cash against $0 in long-term debt as of fiscal year 2024.
1606 Corp had 113M shares outstanding in fiscal year 2024. This represents an increase of 92.4% from the prior year.
1606 Corp's gross margin was -1.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 39.6 percentage points from the prior year.
1606 Corp's operating margin was -57516.0% in fiscal year 2024, reflecting core business profitability. This is up 43542.8 percentage points from the prior year.
1606 Corp's net profit margin was -62751.5% in fiscal year 2024, showing the share of revenue converted to profit. This is up 35859.4 percentage points from the prior year.
CBDW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0-100.0% | $7K+14007.8% | $51-34.6% | $78 |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0-100.0% | $7K+293.2% | -$4K | $0 |
| Gross Profit | $0 | $0 | $0 | $0 | $0+100.0% | -$118-103.1% | $4K+4819.2% | $78 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $111K-4.8% | $117K-32.8% | $174K-15.1% | $205K-28.9% | $289K-27.4% | $398K+29.4% | $308K-37.6% | $492K |
| Operating Income | -$111K+4.8% | -$117K+32.8% | -$174K+15.1% | -$205K+28.9% | -$289K+27.5% | -$398K-31.1% | -$304K+38.3% | -$492K |
| Interest Expense | $317K+402.7% | $63K+1.7% | $62K+106.9% | -$898K-799.3% | $128K-28.6% | $180K | N/A | $32K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$385K-83.0% | -$210K-0.9% | -$208K+34.8% | -$320K+5.7% | -$339K-18.4% | -$286K-52.3% | -$188K+66.8% | -$566K |
| EPS (Diluted) | $0.00 | $0.00 | $0.00-100.0% | $0.03+400.0% | $-0.010.0% | $-0.01 | N/A | N/A |
CBDW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $15K-45.4% | $27K+9290.9% | $285-97.2% | $10K-94.8% | $196K+37.7% | $142K-4.2% | $148K-25.3% | $199K |
| Current Assets | $15K-45.4% | $27K+9290.9% | $285-97.2% | $10K-94.8% | $196K+37.7% | $142K-4.2% | $148K-25.3% | $199K |
| Cash & Equivalents | $998-46.4% | $2K+553.7% | $285-86.3% | $2K-97.2% | $75K+372.6% | $16K-67.6% | $49K+42.6% | $34K |
| Inventory | N/A | N/A | N/A | $0-100.0% | $73K0.0% | $73K-0.1% | $73K-43.6% | $129K |
| Accounts Receivable | N/A | N/A | N/A | $0-100.0% | $3K-2.9% | $3K-21.0% | $4K0.0% | $4K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.9M+13.0% | $2.6M+9.2% | $2.4M+6.7% | $2.2M+4.1% | $2.1M+20.8% | $1.8M+12.2% | $1.6M+0.5% | $1.6M |
| Current Liabilities | $2.9M+13.0% | $2.6M+9.2% | $2.4M+6.7% | $2.2M+145.7% | $898K+22.5% | $733K-53.1% | $1.6M+0.5% | $1.6M |
| Long-Term Debt | $2.0M+2.6% | $1.9M+5.5% | $1.8M | N/A | $1.2M+19.6% | $1.0M+7.4% | $951K | N/A |
| Total Equity | -$2.9M-13.6% | -$2.5M-8.0% | -$2.4M-7.2% | -$2.2M-14.2% | -$1.9M-19.3% | -$1.6M-13.9% | -$1.4M-4.2% | -$1.4M |
| Retained Earnings | -$7.7M-5.2% | -$7.4M-2.9% | -$7.1M-3.0% | -$6.9M-127.6% | -$3.0M-12.5% | -$2.7M-11.8% | -$2.4M-8.4% | -$2.2M |
CBDW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$73K+39.0% | -$119K+24.5% | -$158K+12.5% | -$180K+0.7% | -$182K+31.6% | -$265K-70.9% | -$155K+7.3% | -$168K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Cash Flow | $72K-40.5% | $121K-22.6% | $156K+0.2% | $156K-35.4% | $241K+3.6% | $232K+36.7% | $170K-2.9% | $175K |
| Dividends Paid | N/A | N/A | $0 | N/A | N/A | $0 | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CBDW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | -1.6% | N/A | 100.0% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | -5532.2%+589973.7pp | -595505.9%+35787.7pp | -631293.6% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | -3981.1%+364742.5pp | -368723.5%+357312.4pp | -726035.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -2633.3%-1848.3pp | -785.1%+72316.4pp | -73101.4%-69948.5pp | -3152.9%-2979.6pp | -173.3%+28.2pp | -201.5%-74.7pp | -126.8%+158.5pp | -285.2% |
| Current Ratio | 0.010.0 | 0.01+0.0 | 0.000.0 | 0.00-0.2 | 0.22+0.0 | 0.19+0.1 | 0.09-0.0 | 0.13 |
| Debt-to-Equity | -0.68+0.1 | -0.75+0.0 | -0.77+0.2 | -1.00-0.4 | -0.630.0 | -0.63+0.0 | -0.67+0.5 | -1.15 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$2.2M), 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 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is 1606 Corp's annual revenue?
1606 Corp (CBDW) reported $7K in total revenue for fiscal year 2024. This represents a 348.8% 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 1606 Corp's revenue growing?
1606 Corp (CBDW) revenue grew by 348.8% year-over-year, from $2K to $7K in fiscal year 2024.
Is 1606 Corp profitable?
No, 1606 Corp (CBDW) reported a net income of -$4.5M in fiscal year 2024, with a net profit margin of -62751.5%.
What is 1606 Corp's earnings per share (EPS)?
1606 Corp (CBDW) reported diluted earnings per share of $-0.06 for fiscal year 2024. This represents a -100.0% 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 1606 Corp's gross margin?
1606 Corp (CBDW) had a gross margin of -1.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is 1606 Corp's operating margin?
1606 Corp (CBDW) had an operating margin of -57516.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is 1606 Corp's net profit margin?
1606 Corp (CBDW) had a net profit margin of -62751.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is 1606 Corp's operating cash flow?
1606 Corp (CBDW) generated -$891K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are 1606 Corp's total assets?
1606 Corp (CBDW) had $10K in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does 1606 Corp have outstanding?
1606 Corp (CBDW) had 113M shares outstanding as of fiscal year 2024.
What is 1606 Corp's current ratio?
1606 Corp (CBDW) had a current ratio of 0.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is 1606 Corp's debt-to-equity ratio?
1606 Corp (CBDW) had a debt-to-equity ratio of -1.00 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is 1606 Corp's return on assets (ROA)?
1606 Corp (CBDW) had a return on assets of -44526.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is 1606 Corp's cash runway?
Based on fiscal year 2024 data, 1606 Corp (CBDW) had $2K in cash against an annual operating cash burn of $891K. This gives an estimated cash runway of approximately 0 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.
Why is 1606 Corp's debt-to-equity ratio negative or unusual?
1606 Corp (CBDW) has negative shareholder equity of -$2.2M as of fiscal year 2024, 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.
What is 1606 Corp's Piotroski F-Score?
1606 Corp (CBDW) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are 1606 Corp's earnings high quality?
1606 Corp (CBDW) has an earnings quality ratio of 0.20x, 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 1606 Corp cover its interest payments?
1606 Corp (CBDW) has an interest coverage ratio of -8.4x, 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.