C-Bond Systems Inc. Financials
Financial Health Signals
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
C-Bond Systems Inc. has an operating margin of 82.6%, meaning the company retains $83 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from -143.0% the prior year.
C-Bond Systems Inc.'s revenue grew 11.5% year-over-year to $2.5M, a solid pace of expansion. This earns a growth score of 61/100.
C-Bond Systems Inc.'s current ratio of 0.50 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While C-Bond Systems Inc. generated -$1.6M in operating cash flow, capex of $115K consumed most of it, leaving -$1.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
C-Bond Systems Inc. scores -33.94, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($239K) relative to total liabilities ($6.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
C-Bond Systems Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, C-Bond Systems Inc. generates $-0.85 in operating cash flow (-$1.6M OCF vs $1.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
C-Bond Systems Inc. earns $363.0 in operating income for every $1 of interest expense ($2.1M vs $6K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
This page shows C-Bond Systems Inc. (CBNT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Key Financial Metrics
C-Bond Systems Inc. generated $2.5M in revenue in fiscal year 2023. This represents an increase of 11.5% from the prior year.
C-Bond Systems Inc.'s EBITDA was $2.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 169.1% from the prior year.
C-Bond Systems Inc. generated -$1.7M in free cash flow in fiscal year 2023, representing cash available after capex.
C-Bond Systems Inc. reported $1.9M in net income in fiscal year 2023. This represents an increase of 136.6% from the prior year.
C-Bond Systems Inc. earned $0.00 per diluted share (EPS) in fiscal year 2023. This represents an increase of 100.0% from the prior year.
C-Bond Systems Inc. held $736K in cash against $0 in long-term debt as of fiscal year 2023.
C-Bond Systems Inc. had 533M shares outstanding in fiscal year 2023. This represents an increase of 52.1% from the prior year.
C-Bond Systems Inc.'s gross margin was 52.5% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 4.7 percentage points from the prior year.
C-Bond Systems Inc.'s operating margin was 82.6% in fiscal year 2023, reflecting core business profitability. This is up 225.6 percentage points from the prior year.
C-Bond Systems Inc.'s net profit margin was 75.8% in fiscal year 2023, showing the share of revenue converted to profit. This is up 306.8 percentage points from the prior year.
C-Bond Systems Inc. invested $0 in research and development in fiscal year 2023.
C-Bond Systems Inc. invested $115K in capex in fiscal year 2023, funding long-term assets and infrastructure.
CBNT Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $660K-23.6% | $864K-7.8% | $937K+25.7% | $745K+80.0% | $414K-19.6% | $515K-15.2% | $608K+6.0% | $574K |
| Cost of Revenue | $382K-10.2% | $425K-8.0% | $462K+21.6% | $380K+81.7% | $209K-14.8% | $245K-1.4% | $249K+1.0% | $246K |
| Gross Profit | $278K-36.6% | $439K-7.6% | $475K+30.0% | $365K+78.2% | $205K-24.0% | $270K-24.9% | $359K+9.7% | $327K |
| R&D Expenses | N/A | N/A | $0 | N/A | N/A | $0 | N/A | N/A |
| SG&A Expenses | $151K-10.9% | $169K-13.5% | $196K+7.0% | $183K+28.4% | $142K-20.4% | $179K-19.4% | $222K+11.9% | $198K |
| Operating Income | -$363K-88.7% | -$192K+70.0% | -$642K+18.4% | -$786K-122.6% | $3.5M+764.6% | -$524K+13.7% | -$606K-21.1% | -$501K |
| Interest Expense | $88K+65.0% | $54K+279.7% | $14K+124.1% | -$59K-3088.1% | $2K-46.9% | $4K+100.4% | -$1.0M-334.9% | $446K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$673K-173.5% | -$246K+22.4% | -$317K+68.8% | -$1.0M-126.9% | $3.8M+634.3% | -$706K+44.9% | -$1.3M-35.4% | -$946K |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00+100.0% | $-0.01 | $0.00 |
CBNT Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4M-15.2% | $1.7M-14.5% | $2.0M-14.3% | $2.3M-15.5% | $2.7M+81.3% | $1.5M-8.2% | $1.6M-6.8% | $1.7M |
| Current Assets | $587K-30.3% | $841K-22.5% | $1.1M-21.0% | $1.4M-25.0% | $1.8M+325.9% | $430K-16.6% | $515K-11.9% | $585K |
| Cash & Equivalents | $22K-89.0% | $196K-0.8% | $198K-73.1% | $736K-51.3% | $1.5M+1721.5% | $83K-14.5% | $97K-36.4% | $153K |
| Inventory | $146K-9.6% | $162K+59.3% | $102K-44.0% | $182K+52.5% | $119K+100.8% | $59K-23.4% | $77K-8.0% | $84K |
| Accounts Receivable | $227K-6.9% | $243K-52.0% | $507K+19.6% | $424K+426.8% | $81K-59.5% | $199K-26.3% | $269K+5.3% | $256K |
| Goodwill | $350K0.0% | $350K0.0% | $350K0.0% | $350K0.0% | $350K0.0% | $350K0.0% | $350K0.0% | $350K |
| Total Liabilities | $6.4M+6.5% | $6.0M-3.9% | $6.3M-7.3% | $6.7M+15.0% | $5.9M-33.1% | $8.8M-0.6% | $8.8M+12.7% | $7.8M |
| Current Liabilities | $2.4M+12.6% | $2.1M+2.0% | $2.1M-24.2% | $2.7M-6.3% | $2.9M-42.1% | $5.0M+3.2% | $4.9M+13.9% | $4.3M |
| Long-Term Debt | N/A | N/A | N/A | $8K | N/A | $169K-32.9% | $251K | N/A |
| Total Equity | -$5.0M-14.9% | -$4.3M-0.9% | -$4.3M+3.7% | -$4.5M-41.0% | -$3.2M+56.5% | -$7.3M-1.1% | -$7.2M-18.3% | -$6.1M |
| Retained Earnings | -$62.1M-1.1% | -$61.4M-0.4% | -$61.2M-0.5% | -$60.9M-2.0% | -$59.6M+6.0% | -$63.4M-1.1% | -$62.7M-2.1% | -$61.4M |
CBNT Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$324K-101.8% | -$161K+75.3% | -$651K-74.2% | -$374K+39.9% | -$622K-113.8% | -$291K+27.6% | -$402K-4.7% | -$384K |
| Capital Expenditures | N/A | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | -$374K | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | $9K | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $192K+20.5% | $159K+41.4% | $113K+455.0% | -$32K+98.4% | -$2.0M-819.5% | $277K-18.8% | $341K+16.8% | $292K |
| Dividends Paid | N/A | -$3K-105.0% | $59K | 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 |
CBNT Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.1%-8.6pp | 50.8%+0.1pp | 50.7%+1.7pp | 49.0%-0.5pp | 49.5%-2.9pp | 52.4%-6.7pp | 59.1%+2.0pp | 57.1% |
| Operating Margin | -55.0%-32.7pp | -22.3%+46.2pp | -68.5%+37.0pp | -105.5%-945.9pp | 840.4%+942.1pp | -101.6%-1.9pp | -99.8%-12.5pp | -87.3% |
| Net Margin | -102.0%-73.5pp | -28.5%+5.4pp | -33.9%+102.6pp | -136.5%-1048.0pp | 911.5%+1048.6pp | -137.1%+73.7pp | -210.8%-45.8pp | -165.0% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -47.4%-32.7pp | -14.7%+1.5pp | -16.2%+28.3pp | -44.5%-184.3pp | 139.7%+187.1pp | -47.4%+31.5pp | -78.9%-24.6pp | -54.3% |
| Current Ratio | 0.25-0.2 | 0.40-0.1 | 0.53+0.0 | 0.50-0.1 | 0.63+0.5 | 0.09-0.0 | 0.11-0.0 | 0.14 |
| Debt-to-Equity | -1.28+0.1 | -1.39+0.1 | -1.45+0.1 | -1.51+0.3 | -1.85-1.8 | -0.02+0.0 | -0.03+1.3 | -1.29 |
| FCF Margin | N/A | N/A | N/A | -50.2% | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$4.5M), 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 (0.50), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is C-Bond Systems Inc.'s annual revenue?
C-Bond Systems Inc. (CBNT) reported $2.5M in total revenue for fiscal year 2023. This represents a 11.5% 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.
How fast is C-Bond Systems Inc.'s revenue growing?
C-Bond Systems Inc. (CBNT) revenue grew by 11.5% year-over-year, from $2.2M to $2.5M in fiscal year 2023.
Is C-Bond Systems Inc. profitable?
Yes, C-Bond Systems Inc. (CBNT) reported a net income of $1.9M in fiscal year 2023, with a net profit margin of 75.8%.
What is C-Bond Systems Inc.'s earnings per share (EPS)?
C-Bond Systems Inc. (CBNT) reported diluted earnings per share of $0.00 for fiscal year 2023. 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 C-Bond Systems Inc.'s EBITDA?
C-Bond Systems Inc. (CBNT) had EBITDA of $2.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is C-Bond Systems Inc.'s gross margin?
C-Bond Systems Inc. (CBNT) had a gross margin of 52.5% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is C-Bond Systems Inc.'s operating margin?
C-Bond Systems Inc. (CBNT) had an operating margin of 82.6% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is C-Bond Systems Inc.'s net profit margin?
C-Bond Systems Inc. (CBNT) had a net profit margin of 75.8% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is C-Bond Systems Inc.'s free cash flow?
C-Bond Systems Inc. (CBNT) generated -$1.7M 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 C-Bond Systems Inc.'s operating cash flow?
C-Bond Systems Inc. (CBNT) generated -$1.6M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are C-Bond Systems Inc.'s total assets?
C-Bond Systems Inc. (CBNT) had $2.3M in total assets as of fiscal year 2023, including both current and long-term assets.
What are C-Bond Systems Inc.'s capital expenditures?
C-Bond Systems Inc. (CBNT) invested $115K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How many shares does C-Bond Systems Inc. have outstanding?
C-Bond Systems Inc. (CBNT) had 533M shares outstanding as of fiscal year 2023.
What is C-Bond Systems Inc.'s current ratio?
C-Bond Systems Inc. (CBNT) had a current ratio of 0.50 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is C-Bond Systems Inc.'s debt-to-equity ratio?
C-Bond Systems Inc. (CBNT) had a debt-to-equity ratio of -1.51 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is C-Bond Systems Inc.'s return on assets (ROA)?
C-Bond Systems Inc. (CBNT) had a return on assets of 82.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is C-Bond Systems Inc.'s cash runway?
Based on fiscal year 2023 data, C-Bond Systems Inc. (CBNT) had $736K in cash against an annual operating cash burn of $1.6M. This gives an estimated cash runway of approximately 6 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 C-Bond Systems Inc.'s debt-to-equity ratio negative or unusual?
C-Bond Systems Inc. (CBNT) has negative shareholder equity of -$4.5M 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.
What is C-Bond Systems Inc.'s Altman Z-Score?
C-Bond Systems Inc. (CBNT) has an Altman Z-Score of -33.94, 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 C-Bond Systems Inc.'s Piotroski F-Score?
C-Bond Systems Inc. (CBNT) 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 C-Bond Systems Inc.'s earnings high quality?
C-Bond Systems Inc. (CBNT) has an earnings quality ratio of -0.85x, 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 C-Bond Systems Inc. cover its interest payments?
C-Bond Systems Inc. (CBNT) has an interest coverage ratio of 363.0x, meaning it can comfortably 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 C-Bond Systems Inc.?
C-Bond Systems Inc. (CBNT) scores 40 out of 100 on our Financial Profile, indicating moderate 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.