Cannonau Corp Financials
This page shows Cannonau Corp (CNNC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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
For every $1 of reported earnings, Cannonau Corp generates $-0.10 in operating cash flow (-$32K OCF vs $338K 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
Cannonau Corp reported $338K in net income in fiscal year 2023. This represents an increase of 493.5% from the prior year.
Cannonau Corp held $61 in cash against $0 in long-term debt as of fiscal year 2023.
Cannonau Corp had 242M shares outstanding in fiscal year 2023. This represents an increase of 0.0% from the prior year.
CNNC Income Statement
| Metric | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $122+16.2% | $105 |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $195+261.1% | $54 |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | -$73-243.1% | $51 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $532-62.8% | $1K+1.4% | $1K | N/A | $5K+41.4% | $3K+29.1% | $3K |
| Operating Income | N/A | -$6K+21.8% | -$8K+28.6% | -$11K | N/A | -$29K-2.9% | -$28K-48.8% | -$19K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $393+27.6% | $308 |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$6K+21.8% | -$8K+28.6% | -$11K | N/A | -$29K-2.9% | -$28K-48.8% | -$19K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CNNC Balance Sheet
| Metric | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $0-100.0% | $9K-0.6% | $9K+1.2% | $9K-1.7% | $9K-11.2% | $10K-15.2% | $12K+34.4% | $9K |
| Current Assets | N/A | $9K-0.6% | $9K+1.2% | $9K-1.7% | $9K-11.2% | $10K-15.2% | $12K+34.4% | $9K |
| Cash & Equivalents | N/A | $61-47.9% | $117+1571.4% | $7-95.5% | $157-87.9% | $1K-62.6% | $3K+869.2% | $357 |
| Inventory | N/A | $4K0.0% | $4K0.0% | $4K0.0% | $4K0.0% | $4K+9.9% | $3K-1.0% | $4K |
| Accounts Receivable | N/A | $5K0.0% | $5K0.0% | $5K0.0% | $5K0.0% | $5K0.0% | $5K0.0% | $5K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $7K-98.1% | $372K+1.6% | $366K+2.2% | $358K+3.0% | $347K+6.3% | $327K+4.9% | $311K+11.1% | $280K |
| Current Liabilities | $7K-98.1% | $372K+1.6% | $366K+2.2% | $358K+3.0% | $347K+6.3% | $327K+4.9% | $311K+11.1% | $280K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$7K+98.1% | -$363K-1.7% | -$357K-2.2% | -$349K-3.2% | -$338K-6.9% | -$316K-5.7% | -$299K-10.4% | -$271K |
| Retained Earnings | -$3.4M+9.5% | -$3.8M-0.2% | -$3.8M-0.2% | -$3.8M-0.3% | -$3.8M-0.3% | -$3.8M-0.8% | -$3.7M-0.8% | -$3.7M |
CNNC Cash Flow Statement
| Metric | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$32K-57362.5% | -$56-104.8% | $1K+196.7% | -$1K+98.4% | -$77K-447.6% | -$14K-156.2% | $25K+215.3% | -$22K |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | $1K-98.6% | $76K+286.8% | -$40K-232.8% | $30K+39.5% | $22K |
| 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 |
CNNC Financial Ratios
| Metric | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | -59.8%-108.4pp | 48.6% |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | -23077.9%-5060.7pp | -18017.1% |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | -23077.9%-5060.7pp | -18017.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -67.2%+18.2pp | -85.3%+35.6pp | -120.9% | N/A | -285.0%-50.1pp | -234.9%-22.8pp | -212.2% |
| Current Ratio | N/A | 0.020.0 | 0.020.0 | 0.020.0 | 0.030.0 | 0.030.0 | 0.040.0 | 0.03 |
| Debt-to-Equity | -1.00+0.0 | -1.020.0 | -1.030.0 | -1.030.0 | -1.030.0 | -1.030.0 | -1.040.0 | -1.03 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$363K), 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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Cannonau Corp profitable?
Yes, Cannonau Corp (CNNC) reported a net income of $338K in fiscal year 2023.
What is Cannonau Corp's operating cash flow?
Cannonau Corp (CNNC) generated -$32K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Cannonau Corp's total assets?
Cannonau Corp (CNNC) had $0 in total assets as of fiscal year 2023, including both current and long-term assets.
How many shares does Cannonau Corp have outstanding?
Cannonau Corp (CNNC) had 242M shares outstanding as of fiscal year 2023.
What is Cannonau Corp's current ratio?
Cannonau Corp (CNNC) had a current ratio of 0.02 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Cannonau Corp's debt-to-equity ratio?
Cannonau Corp (CNNC) had a debt-to-equity ratio of -1.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cannonau Corp's cash runway?
Based on fiscal year 2023 data, Cannonau Corp (CNNC) had $61 in cash against an annual operating cash burn of $32K. 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 Cannonau Corp's debt-to-equity ratio negative or unusual?
Cannonau Corp (CNNC) has negative shareholder equity of -$363K 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.
Are Cannonau Corp's earnings high quality?
Cannonau Corp (CNNC) has an earnings quality ratio of -0.10x, 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.