Cannonau Corp Financials

CNNC

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2023 Currency USD FYE December

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).

Rhea AI CNNC FY2023 2026-04-22

Tiny reported sales and a liability-funded balance sheet make overhead, not gross margin, the key operating constraint.

Between FY2021 and FY2022, revenue fell from $6.2K to $227, which means the business lost almost all operating scale needed to absorb fixed costs. Yet gross margin still widened from 22.9% to 60.4%, so the better margin percentage likely reflects a tiny sales base or changed mix rather than a cost structure that can carry corporate overhead.

FY2022 showed $347K of liabilities against only $9.0K of assets, leaving the company in a liability-heavy financing posture rather than supported by a real asset cushion. That balance-sheet shape matters because even small operating expenses can deepen negative equity when there is so little asset backing.

Liquidity was even tighter than the asset total suggests: cash was just $157 and the current ratio was 0.0x. With most current assets tied up in inventory and receivables rather than cash, working capital has to do the job that cash reserves normally would.

Financial Health Signals

Financial Profile 0/100

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 Cannonau Corp'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.

Liquidity

Cannonau Corp's current ratio of 0.02 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Earnings Quality Low Quality

-0.10x

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

Export CSV

Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$338K

Cannonau Corp reported $338K in net income in fiscal year 2023.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$61

YoY-61.1%

Cannonau Corp held $61 in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

242M

YoY+0.0%

Cannonau Corp had 242M shares outstanding in fiscal year 2023. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

CNNC Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY11
Revenue	N/A	$227-96.3%	$6K+236.8%	$2K	N/A	N/A
Cost of Revenue	N/A	$91-98.1%	$5K+201.8%	$2K	N/A	N/A
Gross Profit	N/A	$137-90.3%	$1K+453.7%	$255	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3K-66.0%	$10K-62.0%	$26K+87.1%	$14K-2.2%	$14K	N/A
Operating Income	-$30K	N/A	N/A	-$87K	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$338K	N/A	N/A	-$87K	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

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	N/A	N/A
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	FY23	FY22	FY21	FY20	FY19	FY11
Total Assets	$0-100.0%	$9K+3.1%	$9K-54.7%	$19K+74.0%	$11K-76.6%	$48K
Current Assets	$9K-1.1%	$9K+3.1%	$9K-54.7%	$19K+74.0%	$11K	N/A
Cash & Equivalents	$61-61.1%	$157+9.8%	$143-12.8%	$164+134.3%	$70	N/A
Inventory	$4K0.0%	$4K+7.1%	$4K-81.3%	$19K+73.6%	$11K	N/A
Accounts Receivable	$5K0.0%	$5K0.0%	$5K	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$363K+4.4%	$347K+33.0%	$261K+55.2%	$168K+88.1%	$89K+64.0%	$55K
Current Liabilities	$372K+7.0%	$347K+33.0%	$261K+55.2%	$168K+88.1%	$89K+1177.0%	$7K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$363K-7.2%	-$338K-34.1%	-$252K-69.5%	-$149K-90.1%	-$78K-1018.3%	-$7K
Retained Earnings	-$3.4M+8.9%	-$3.8M-2.3%	-$3.7M-4.2%	-$3.6M-2.5%	-$3.5M-2.2%	-$3.4M

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	N/A	$372K+1.6%	$366K+2.2%	$358K+3.0%	$347K+6.3%	$327K+4.9%	$311K+11.1%	$280K
Current Liabilities	N/A	$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	N/A	-$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	FY23	FY22	FY21	FY20	FY19	FY11
Operating Cash Flow	-$32K	N/A	N/A	-$81K	N/A	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$32K	N/A	N/A	$81K	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$6K+200.0%	$2K	N/A

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	N/A	-$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	N/A	-$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	FY23	FY22	FY21	FY20	FY19	FY11
Gross Margin	N/A	60.4%+37.5pp	22.9%+8.9pp	13.9%	N/A	N/A
Operating Margin	N/A	N/A	N/A	-4715.7%	N/A	N/A
Net Margin	N/A	N/A	N/A	-4715.7%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	-447.5%	N/A	N/A
Current Ratio	0.020.0	0.030.0	0.03-0.1	0.120.0	0.12	N/A
Debt-to-Equity	-1.00+0.0	-1.030.0	-1.03+0.1	-1.13+0.0	-1.14+6.6	-7.79
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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	N/A	-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.

Similar Companies

Owc Pharmaceutical Resh Corp OWCP

$50K

Radiko Holdings GEATF

$45K

Hero Technologies Inc HENC

$55K

Emergent Health EMGE

$43K

Cannabis Stratgc NUGS

$37K

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.

How financially healthy is Cannonau Corp?

Cannonau Corp (CNNC) scores 0 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.