CLEVER LEAVES HLDGS (CLVR) Financials
Newest figures come from the 10-K for FY2023, filed Apr 1, 2024. Each column of the statement tables below links to the filing it was taken from.
CLEVER LEAVES HLDGS INC (CLVR) reported $17.4M in revenue for fiscal year 2023, up 6.1% from the prior fiscal year. This page shows its 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).
Revenue is growing modestly, but thinner margins and continued cash losses leave the business not yet self-funding.
FY2023 revenue rose6.1% while gross profit fell9.2% , showing that added sales did not translate into stronger product economics. The net loss narrowed to$17.9M , while operating cash flow remained negative at-$11.5M ; accounting improvement therefore coincided with less cash leaving the business, but not with positive cash generation.
The operating loss improved by 196.4 percentage points to a still-negative
FY2023 capital expenditures were only
Financial Health Signals
CLEVER LEAVES HLDGS INC 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.
CLEVER LEAVES HLDGS INC scores -9.68, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $198.8M against total assets of $31.2M. 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.
CLEVER LEAVES HLDGS INC passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 operating efficiency signals passes.
CLEVER LEAVES HLDGS INC reported a net loss of $17.9M while operations used $11.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
CLEVER LEAVES HLDGS INC reported an operating loss of $15.6M against $46K 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
Earnings & Revenue
CLEVER LEAVES HLDGS INC generated $4.6M in revenue in Q4 2023. This represents an increase of 5.4% from the same quarter a year earlier. Against the prior quarter it is up 21.4%.
CLEVER LEAVES HLDGS INC's EBITDA was -$4.7M in Q4 2023, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
CLEVER LEAVES HLDGS INC reported a net loss of $5.1M in Q4 2023. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
CLEVER LEAVES HLDGS INC earned -$2.95 per diluted share (EPS) in Q4 2023. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
CLEVER LEAVES HLDGS INC held $6.8M in cash against $1.2M in long-term debt as of Q4 2023.
Not reported for Q4 2023.
Not reported for Q4 2023.
Margins & Returns
CLEVER LEAVES HLDGS INC's gross margin was -7.5% in Q4 2023, indicating the percentage of revenue retained after direct costs. This is down 26.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 58.3 percentage points.
CLEVER LEAVES HLDGS INC's quarterly ROE was -21.0% in Q4 2023: one quarter's net income over shareholder equity, not annualized. This is up 50.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.7 percentage points.
Not shown for Q4 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q4 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
CLEVER LEAVES HLDGS INC invested $233K in research and development in Q4 2023. This represents a decrease of 61.5% from the same quarter a year earlier. Against the prior quarter it is down 20.2%.
Not reported for Q4 2023.
Not reported for Q4 2023.
CLVR 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.
| Metric | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.6M+5.4% | $3.8M+33.2% | $5.0M+21.5% | $4.0M-21.1% | $4.4M+5.0% | $2.9M-28.9% | $4.1M+11.7% | $5.0M+45.0% |
| Cost of Revenue | $5.0M+40.1% | $1.9M+19.8% | $2.3M+39.3% | $1.7M-28.8% | $3.6M+10.4% | $1.6M-25.3% | $1.6M-15.0% | $2.4M+83.1% |
| Gross Profit | -$346K-141.0% | $1.9M+49.5% | $2.7M+9.9% | $2.2M-13.8% | $844K-13.0% | $1.3M-32.7% | $2.5M+40.3% | $2.6M+21.2% |
| R&D Expenses | $233K-61.5% | $292K-14.9% | $403K+12.3% | $212K-48.5% | $605K+18.9% | $343K-24.4% | $359K+17.7% | $412K+48.2% |
| SG&A Expenses | $4.1M-14.3% | $4.7M-21.8% | $5.3M-26.3% | $5.9M-23.5% | $4.8M-59.3% | $6.1M-44.0% | $7.2M-32.2% | $7.7M-14.6% |
| Operating Income | -$4.9Mn/m | -$3.4Mn/m | -$3.2Mn/m | -$4.1Mn/m | -$7.5Mn/m | -$24.3Mn/m | -$5.3Mn/m | -$9.7Mn/m |
| EBITDA | -$4.7Mn/m | -$3.1Mn/m | -$3.0Mn/m | -$3.9Mn/m | -$7.2Mn/m | -$24.0Mn/m | -$5.0Mn/m | -$9.4Mn/m |
| Interest Expense | -$11K | $5K | $35K-94.6% | $17K | N/A | N/A | $645K | N/A |
| Net Income | -$5.1Mn/m | -$5.1Mn/m | -$3.6Mn/m | -$4.1Mn/m | -$28.8Mn/m | -$20.2M-2126.4% | -$1.0Mn/m | -$16.1Mn/m |
| EPS (Basic) | -$2.95 | -$3.25 | -$0.08n/m | -$0.09 | -$0.70 | -$14.33 | -$0.03n/m | -$0.58n/m |
| EPS (Diluted) | -$2.95 | -$3.25 | -$0.08n/m | -$0.09 | -$0.70 | -$14.33 | -$0.03n/m | -$0.58n/m |
| Diluted Shares (Avg) | N/A | 2M | 45M+13.4% | 44M | N/A | 1M | 40M+54.6% | 28M+11.7% |
Not reported in any period shown, so not listed: Income Tax.
CLVR Balance Sheet
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.
| Metric | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $31.2M-40.0% | $37.8M-53.6% | $42.8M-59.4% | $46.2M-63.7% | $52.1M-55.1% | $81.4M-42.3% | $105.5M-29.6% | $127.2M-19.8% |
| Current Assets | $13.9M-46.9% | $17.9M-55.8% | $18.4M-58.4% | $21.1M-69.4% | $26.2M-56.5% | $40.5M-40.4% | $44.3M-42.9% | $69.2M-20.8% |
| Cash & Equivalents | $6.8M-45.1% | $6.5M-62.3% | $5.1M-73.3% | $6.4M-85.6% | $12.4M-66.6% | $17.2M-62.5% | $19.0M-66.4% | $44.3M-35.5% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $4.5M-46.6% | $7.7M-53.7% | $7.5M-55.4% | $8.0M-50.6% | $8.4M-45.5% | $16.7M+18.4% | $16.7M+27.3% | $16.2M+40.5% |
| Accounts Receivable | $907K-59.7% | $1.7M-32.6% | $2.6M-23.6% | $2.6M+2.6% | $2.3M+1.4% | $2.6M+20.0% | $3.4M+109.3% | $2.6M+48.6% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | N/A | N/A | N/A | N/A | $0n/m | N/A | N/A | N/A |
| Total Liabilities | $7.0M-39.9% | $8.1M-32.1% | $8.9M-57.4% | $9.5M-78.9% | $11.7M-73.1% | $11.9M-77.7% | $20.9M-70.6% | $44.8M-39.7% |
| Current Liabilities | $5.8M-38.4% | $6.8M-16.7% | $7.6M-12.5% | $7.8M-71.6% | $9.4M-65.4% | $8.2M-74.8% | $8.6M-84.7% | $27.5M-11.3% |
| Non-Current Liabilities | $1.2M-46.3% | $1.2M-66.4% | $1.3M-89.2% | $1.7M-90.4% | $2.3M-86.0% | $3.7M-82.2% | $12.2M-14.8% | $17.3M-60.0% |
| Long-Term Debt | $1.2M+14.4% | $1.3M-3.4% | $1.4M-14.3% | $1.5M-76.0% | $1.1M-86.0% | $1.4M-76.4% | $1.6M-75.5% | $6.1M-82.5% |
| Total Equity | $24.2M-40.1% | $29.7M-57.3% | $33.9M-59.9% | $36.8M-55.4% | $40.4M-44.5% | $69.5M-20.7% | $84.6M+7.3% | $82.4M-2.4% |
| Retained Earnings | -$198.8Mn/m | -$193.7Mn/m | -$188.6Mn/m | -$185.0Mn/m | -$180.9Mn/m | -$152.1Mn/m | -$131.9Mn/m | -$130.9Mn/m |
CLVR Cash Flow 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.
| Metric | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5Mn/m | -$2.2Mn/m | -$1.7Mn/m | -$6.1Mn/m | -$5.1Mn/m | -$5.4Mn/m | -$8.2Mn/m | -$10.4Mn/m |
| Depreciation & Amortization | $231K-20.6% | $290K-4.9% | $224K-29.6% | $236K-27.8% | $291K-11.3% | $305K-9.5% | $318K-39.3% | $327K-43.5% |
| Stock-Based Compensation | N/A | $52K-94.6% | $434K-62.2% | $468K-6.4% | N/A | $958K-70.6% | $1.1M-65.5% | $500K-67.7% |
| Capital Expenditures | N/A | $108K-57.6% | $44K-88.6% | $35K-97.1% | N/A | $255K-84.3% | $386K-81.6% | $1.2M-45.2% |
| Free Cash Flow | N/A | -$2.3Mn/m | -$1.7Mn/m | -$6.1Mn/m | N/A | -$5.6Mn/m | -$8.6Mn/m | -$11.6Mn/m |
| Investing Cash Flow | $2.1M+273.8% | $2.7Mn/m | -$44K-102.1% | -$35Kn/m | $550Kn/m | -$255Kn/m | $2.1Mn/m | -$1.2Mn/m |
| Financing Cash Flow | -$162Kn/m | $760K-80.4% | $165Kn/m | -$107K-100.6% | -$250K-128.3% | $3.9Mn/m | -$19.0Mn/m | $18.7M+609.9% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CLVR 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.
| Metric | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -7.5%-26.6pp | 50.8%+5.5pp | 54.7%-5.8pp | 56.2%+4.7pp | 19.2%-4.0pp | 45.3%-2.6pp | 60.5%+12.4pp | 51.4%-10.1pp |
| Operating Margin | -105.9% | -88.4% | -63.7% | -103.8% | -171.0% | -848.4% | -130.4% | -192.8% |
| Net Margin | -109.6% | -134.5% | -72.2%-46.7pp | -102.6% | -654.6% | -703.3% | -25.5% | -320.2% |
| Return on Equity | -21.0%+50.3pp | -17.3%+11.7pp | -10.6%-9.3pp | -11.1%+8.5pp | -71.3%-38.3pp | -29.0%-30.1pp | -1.2%+10.1pp | -19.6%-3.3pp |
| Return on Assets | -16.3%+39.0pp | -13.6%+11.2pp | -8.4%-7.4pp | -8.8%+3.9pp | -55.3%-34.7pp | -24.8%-25.5pp | -1.0%+5.0pp | -12.7%-4.0pp |
| Current Ratio | 2.40-0.4x | 2.62-2.3x | 2.43-2.7x | 2.71+0.2x | 2.78+0.6x | 4.93+2.8x | 5.12+3.8x | 2.52-0.3x |
| Debt-to-Equity | 0.050.0x | 0.040.0x | 0.040.0x | 0.040.0x | 0.03-0.1x | 0.020.0x | 0.02-0.1x | 0.07-0.3x |
| Liabilities-to-Equity | 0.290.0x | 0.27+0.1x | 0.260.0x | 0.26-0.3x | 0.29-0.3x | 0.17-0.4x | 0.25-0.7x | 0.54-0.3x |
| Asset Turnover | 0.15+0.1x | 0.10+0.1x | 0.12+0.1x | 0.090.0x | 0.080.0x | 0.040.0x | 0.040.0x | 0.040.0x |
| FCF Margin | N/A | -60.5% | -34.8% | -153.7% | N/A | -196.7% | -209.7% | -229.8% |
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: Operating Margin, Net Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| CLEVER LEAVES HLDGS INC CLVR | FY2023 | $17.4M | -$17.9M | N/A | $20K | — |
| CANNAPHARMARX INC CPMD | FY2025 | $1.4M | -$11.1M | N/A | $1.4M | — |
Where CLEVER LEAVES HLDGS INC Ranks
Frequently Asked Questions
What is CLEVER LEAVES HLDGS INC's annual revenue?
CLEVER LEAVES HLDGS INC (CLVR) reported $17.4M in total revenue for fiscal year 2023. This represents a 6.1% 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 CLEVER LEAVES HLDGS INC's revenue growing?
CLEVER LEAVES HLDGS INC (CLVR) revenue grew by 6.1% year-over-year, from $16.4M to $17.4M in fiscal year 2023.
Is CLEVER LEAVES HLDGS INC profitable?
No, CLEVER LEAVES HLDGS INC (CLVR) reported a net loss of $17.9M in fiscal year 2023.
What is CLEVER LEAVES HLDGS INC's EBITDA?
CLEVER LEAVES HLDGS INC (CLVR) had EBITDA of -$14.6M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does CLEVER LEAVES HLDGS INC have?
As of fiscal year 2023, CLEVER LEAVES HLDGS INC (CLVR) had $6.8M in cash and equivalents against $1.2M in long-term debt.
What is CLEVER LEAVES HLDGS INC's gross margin?
CLEVER LEAVES HLDGS INC (CLVR) had a gross margin of 37.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is CLEVER LEAVES HLDGS INC's operating margin?
CLEVER LEAVES HLDGS INC (CLVR) had an operating margin of -89.5% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is CLEVER LEAVES HLDGS INC's return on equity (ROE)?
CLEVER LEAVES HLDGS INC (CLVR) has a return on equity of -73.9% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is CLEVER LEAVES HLDGS INC's free cash flow?
CLEVER LEAVES HLDGS INC (CLVR) recorded an outflow of $11.5M in free cash flow during fiscal year 2023. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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 CLEVER LEAVES HLDGS INC's operating cash flow?
CLEVER LEAVES HLDGS INC (CLVR) recorded an outflow of $11.5M in operating cash flow during fiscal year 2023, representing cash used by core business activities.
What are CLEVER LEAVES HLDGS INC's total assets?
CLEVER LEAVES HLDGS INC (CLVR) had $31.2M in total assets as of fiscal year 2023, including both current and long-term assets.
What are CLEVER LEAVES HLDGS INC's capital expenditures?
CLEVER LEAVES HLDGS INC (CLVR) invested $31K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How much does CLEVER LEAVES HLDGS INC spend on research and development?
CLEVER LEAVES HLDGS INC (CLVR) invested $1.1M in research and development during fiscal year 2023.
What is CLEVER LEAVES HLDGS INC's current ratio?
CLEVER LEAVES HLDGS INC (CLVR) had a current ratio of 2.40 as of fiscal year 2023, which is generally considered healthy.
What is CLEVER LEAVES HLDGS INC's debt-to-equity ratio?
CLEVER LEAVES HLDGS INC (CLVR) had a debt-to-equity ratio of 0.05 as of fiscal year 2023. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is CLEVER LEAVES HLDGS INC's liabilities-to-equity ratio?
CLEVER LEAVES HLDGS INC (CLVR) had a liabilities-to-equity ratio of 0.29 as of fiscal year 2023, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is CLEVER LEAVES HLDGS INC's return on assets (ROA)?
CLEVER LEAVES HLDGS INC (CLVR) had a return on assets of -57.3% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
How does CLEVER LEAVES HLDGS INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, CLEVER LEAVES HLDGS INC (CLVR) held $6.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $11.5M over that year. Dividing the one by the other, the reported balance equals about 7 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is CLEVER LEAVES HLDGS INC's Altman Z-Score?
CLEVER LEAVES HLDGS INC (CLVR) has an Altman Z-Score of -9.68, 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 CLEVER LEAVES HLDGS INC's Piotroski F-Score?
CLEVER LEAVES HLDGS INC (CLVR) 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.
Are CLEVER LEAVES HLDGS INC's earnings high quality?
CLEVER LEAVES HLDGS INC (CLVR) reported a net loss of $17.9M while operations used $11.5M 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 CLEVER LEAVES HLDGS INC cover its interest payments?
CLEVER LEAVES HLDGS INC (CLVR) reported an operating loss of $15.6M against $46K 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.