Cmg Holdings Financials

CMGO

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2024 Currency USD FYE December

This page shows Cmg Holdings (CMGO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 CMGO FY2023 2026-04-22

Gross margin gains could not offset rising overhead and leverage in a business still operating at only $2.0M of annual sales.

Across the last two annual periods, revenue scale was essentially flat while gross margin rose from 26.1% to 29.6%. The operating loss still deepened as SG&A climbed to $801K, showing that better gross economics are being absorbed by overhead rather than converting into operating profit.

Reported earnings quality has been uneven: one recent profit year produced $789K of net income despite a -$303K operating loss. That makes the bottom line harder to read, because profit has not consistently come from the core business before interest and other items.

The balance sheet is becoming more liability-funded, with $1.38M of liabilities against $611K of equity. Cash flexibility also narrowed to $241K while the current ratio stayed 1.4x, so near-term coverage relies more on non-cash current assets than on cash on hand.

Financial Health Signals

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 Cmg Holdings'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.

Profitability

Cmg Holdings has an operating margin of -9.7%, meaning the company retains $-10 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 down from -7.4% the prior year.

Growth

Cmg Holdings's revenue grew a modest 0.1% year-over-year to $2.0M. This slow but positive growth earns a score of 54/100.

Leverage

Cmg Holdings has a moderate D/E ratio of 2.25. This balance of debt and equity financing earns a leverage score of 56/100.

Liquidity

Cmg Holdings's current ratio of 1.44 is below the typical benchmark, resulting in a score of 24/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Returns

Cmg Holdings's ROE of -20.0% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 2.4% the prior year.

Piotroski F-Score Weak

2/9

Cmg Holdings passes 2 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Interest Coverage At Risk

-7.7x

Cmg Holdings earns $-7.7 in operating income for every $1 of interest expense (-$198K vs $26K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.0M

YoY+0.1%

5Y CAGR+13.6%

10Y CAGR-8.5%

Cmg Holdings generated $2.0M in revenue in fiscal year 2023. This represents an increase of 0.1% from the prior year.

EBITDA

-$196K

YoY-32.3%

Cmg Holdings's EBITDA was -$196K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 32.3% from the prior year.

Net Income

-$123K

YoY-795.4%

Cmg Holdings reported -$123K in net income in fiscal year 2023. This represents a decrease of 795.4% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$241K

YoY-28.9%

5Y CAGR+0.9%

Cmg Holdings held $241K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

439M

YoY+0.0%

5Y CAGR+8.7%

Cmg Holdings had 439M shares outstanding in fiscal year 2023. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

29.6%

YoY+3.5pp

5Y CAGR-37.5pp

10Y CAGR-16.0pp

Cmg Holdings's gross margin was 29.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 3.5 percentage points from the prior year.

Operating Margin

-9.7%

YoY-2.3pp

5Y CAGR-6.8pp

10Y CAGR+64.7pp

Cmg Holdings's operating margin was -9.7% in fiscal year 2023, reflecting core business profitability. This is down 2.3 percentage points from the prior year.

Net Margin

-6.0%

YoY-6.9pp

5Y CAGR-5.9pp

10Y CAGR+78.3pp

Cmg Holdings's net profit margin was -6.0% in fiscal year 2023, showing the share of revenue converted to profit. This is down 6.9 percentage points from the prior year.

Return on Equity

-20.0%

YoY-22.4pp

Cmg Holdings's ROE was -20.0% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 22.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CMGO Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY15
Revenue	$2.0M+0.1%	$2.0M+25.6%	$1.6M+1050.1%	$141K-92.1%	$1.8M+65.7%	$1.1M
Cost of Revenue	$1.4M-4.6%	$1.5M+23.7%	$1.2M+1179.1%	$95K	N/A	$353K
Gross Profit	$603K+13.4%	$532K+31.4%	$405K+783.0%	$46K	N/A	$721K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$801K+17.3%	$683K-3.5%	$708K+11.6%	$635K	N/A	$752K
Operating Income	-$198K-30.7%	-$152K+50.1%	-$303K+48.7%	-$592K-339.8%	-$135K-332.9%	-$31K
Interest Expense	$26K+51.4%	$17K+10.8%	$15K+383.3%	$3K	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$123K-795.4%	$18K-97.8%	$789K+1736.9%	$43K-97.2%	$1.5M+155735.9%	-$977
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$15K-98.3%	$850K+169.4%	$315K-77.6%	$1.4M+864.7%	$146K-54.3%	$320K+100.4%	$160K+8.6%	$147K
Cost of Revenue	$3K-99.5%	$665K+152.8%	$263K-76.7%	$1.1M+3948.9%	$28K-80.7%	$144K+11.6%	$129K-14.4%	$151K
Gross Profit	$11K-93.9%	$184K+253.1%	$52K-81.3%	$279K+136.3%	$118K-32.6%	$175K+482.1%	$30K+794.1%	-$4K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$159K-11.1%	$179K+20.5%	$149K-5.2%	$157K-37.3%	$250K+2.5%	$244K+62.7%	$150K-17.8%	$183K
Operating Income	-$148K-2843.9%	$5K+105.6%	-$96K-178.6%	$123K+192.9%	-$132K-91.9%	-$69K+42.7%	-$120K+35.8%	-$187K
Interest Expense	$12K0.0%	$12K+27.8%	$10K	N/A	N/A	$14K+46.9%	$10K+140.5%	-$24K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$121K-487.2%	$31K+142.5%	-$74K-160.9%	$121K+223.9%	-$97K-100.5%	-$49K+50.0%	-$97K+25.4%	-$130K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CMGO Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY15
Total Assets	$2.0M+1.8%	$2.0M+9.1%	$1.8M+193.7%	$610K-32.4%	$903K+181.0%	$322K
Current Assets	$2.0M+1.9%	$2.0M+9.3%	$1.8M+197.5%	$600K-32.5%	$890K+273.0%	$239K
Cash & Equivalents	$241K-28.9%	$338K-43.2%	$595K+44.8%	$411K-47.4%	$782K+239.7%	$230K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$0	N/A	$0-100.0%	$25K-38.4%	$41K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	$55K
Total Liabilities	$1.4M+12.8%	$1.2M+13.5%	$1.1M+57.4%	$683K-31.0%	$990K-29.9%	$1.4M
Current Liabilities	$1.4M+12.8%	$1.2M+13.5%	$1.1M+57.4%	$683K-31.0%	$990K-29.9%	$1.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$611K-16.7%	$734K+2.5%	$716K+1079.7%	-$73K+16.0%	-$87K+92.0%	-$1.1M
Retained Earnings	-$14.5M-0.9%	-$14.3M+0.1%	-$14.4M+5.2%	-$15.1M+0.3%	-$15.2M+6.4%	-$16.2M

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$1.9M-2.0%	$1.9M+3.7%	$1.9M-6.7%	$2.0M+9.1%	$1.8M-2.8%	$1.9M-0.8%	$1.9M-3.3%	$2.0M
Current Assets	$1.9M-2.0%	$1.9M+3.7%	$1.9M-6.7%	$2.0M+9.1%	$1.8M-2.8%	$1.9M-0.8%	$1.9M-3.2%	$2.0M
Cash & Equivalents	$147K-34.6%	$224K+28.5%	$175K-27.4%	$241K+135.0%	$102K-45.7%	$189K-17.0%	$227K-32.8%	$338K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$0	N/A	N/A	$0	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.4M+6.1%	$1.4M+2.9%	$1.3M-4.3%	$1.4M+3.4%	$1.3M+3.5%	$1.3M+2.7%	$1.3M+2.7%	$1.2M
Current Liabilities	$1.4M+6.1%	$1.4M+2.9%	$1.3M-4.3%	$1.4M+3.4%	$1.3M+3.5%	$1.3M+2.7%	$1.3M+2.7%	$1.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$448K-21.3%	$569K+5.8%	$538K-12.0%	$611K+24.6%	$491K-16.6%	$588K-7.6%	$637K-13.2%	$734K
Retained Earnings	-$14.6M-0.8%	-$14.5M+0.2%	-$14.5M-0.5%	-$14.5M+0.8%	-$14.6M-0.7%	-$14.5M-0.3%	-$14.4M-0.7%	-$14.3M

CMGO Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY15
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	$137K
Capital Expenditures	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
Investing Cash Flow	-$38K+87.4%	-$300K+69.7%	-$991K-3315.4%	-$29K+25.6%	-$39K-160.2%	$65K
Financing Cash Flow	-$10K-104.5%	$222K+145.0%	-$494K-224.0%	-$152K+39.2%	-$251K	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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	$6K	N/A	N/A	-$5K-135.0%	$15K	N/A	N/A	-$259K
Financing Cash Flow	N/A	N/A	N/A	$5K	N/A	N/A	$15K	N/A
Dividends Paid	N/A	N/A	N/A	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

CMGO Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY15
Gross Margin	29.6%+3.5pp	26.1%+1.2pp	25.0%-7.6pp	32.6%	N/A	67.2%
Operating Margin	-9.7%-2.3pp	-7.4%+11.3pp	-18.7%+401.8pp	-420.5%-413.0pp	-7.6%-4.7pp	-2.9%
Net Margin	-6.0%-6.9pp	0.9%-47.9pp	48.8%+18.2pp	30.5%-54.9pp	85.5%+85.6pp	-0.1%
Return on Equity	-20.0%-22.4pp	2.4%-107.8pp	110.2%	N/A	N/A	N/A
Return on Assets	-6.2%-7.1pp	0.9%-43.1pp	44.0%+37.0pp	7.0%-161.3pp	168.3%+168.6pp	-0.3%
Current Ratio	1.44-0.2	1.60-0.1	1.66+0.8	0.88-0.0	0.90+0.7	0.17
Debt-to-Equity	2.25+0.6	1.66+0.2	1.50+10.9	-9.35+2.0	-11.38-10.1	-1.29
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	76.4%+54.7pp	21.7%+5.1pp	16.6%-3.3pp	19.8%-61.1pp	80.9%+26.1pp	54.8%+36.0pp	18.9%+21.8pp	-2.9%
Operating Margin	-998.6%-999.2pp	0.6%+31.2pp	-30.6%-39.2pp	8.7%+99.0pp	-90.3%-68.8pp	-21.5%+53.6pp	-75.1%+52.1pp	-127.2%
Net Margin	-817.4%-821.1pp	3.7%+27.0pp	-23.3%-31.9pp	8.6%+75.3pp	-66.7%-51.5pp	-15.2%+45.7pp	-60.9%+27.8pp	-88.7%
Return on Equity	-27.0%-32.5pp	5.5%+19.2pp	-13.7%-33.5pp	19.8%+39.6pp	-19.9%-11.6pp	-8.3%+7.0pp	-15.3%+2.5pp	-17.8%
Return on Assets	-6.4%-8.0pp	1.6%+5.6pp	-4.0%-10.0pp	6.1%+11.4pp	-5.3%-2.8pp	-2.6%+2.6pp	-5.1%+1.5pp	-6.7%
Current Ratio	1.31-0.1	1.42+0.0	1.41-0.0	1.44+0.1	1.37-0.1	1.46-0.1	1.51-0.1	1.60
Debt-to-Equity	3.21+0.8	2.38-0.1	2.45+0.2	2.25-0.5	2.72+0.5	2.19+0.2	1.97+0.3	1.66
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Cmg Holdings's annual revenue?

Cmg Holdings (CMGO) reported $2.0M in total revenue for fiscal year 2023. This represents a 0.1% 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 Cmg Holdings's revenue growing?

Cmg Holdings (CMGO) revenue grew by 0.1% year-over-year, from $2.0M to $2.0M in fiscal year 2023.

Is Cmg Holdings profitable?

No, Cmg Holdings (CMGO) reported a net income of -$123K in fiscal year 2023, with a net profit margin of -6.0%.

What is Cmg Holdings's EBITDA?

Cmg Holdings (CMGO) had EBITDA of -$196K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is Cmg Holdings's gross margin?

Cmg Holdings (CMGO) had a gross margin of 29.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cmg Holdings's operating margin?

Cmg Holdings (CMGO) had an operating margin of -9.7% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Cmg Holdings's net profit margin?

Cmg Holdings (CMGO) had a net profit margin of -6.0% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Cmg Holdings's return on equity (ROE)?

Cmg Holdings (CMGO) has a return on equity of -20.0% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

What are Cmg Holdings's total assets?

Cmg Holdings (CMGO) had $2.0M in total assets as of fiscal year 2023, including both current and long-term assets.

How many shares does Cmg Holdings have outstanding?

Cmg Holdings (CMGO) had 439M shares outstanding as of fiscal year 2023.

What is Cmg Holdings's current ratio?

Cmg Holdings (CMGO) had a current ratio of 1.44 as of fiscal year 2023, which is considered adequate.

What is Cmg Holdings's debt-to-equity ratio?

Cmg Holdings (CMGO) had a debt-to-equity ratio of 2.25 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cmg Holdings's return on assets (ROA)?

Cmg Holdings (CMGO) had a return on assets of -6.2% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Cmg Holdings's Piotroski F-Score?

Cmg Holdings (CMGO) has a Piotroski F-Score of 2 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.

Can Cmg Holdings cover its interest payments?

Cmg Holdings (CMGO) has an interest coverage ratio of -7.7x, 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 Cmg Holdings?

Cmg Holdings (CMGO) 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.