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Community Redevelopment Inc Financials

CRDV
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2023 Currency USD FYE December

This page shows Community Redevelopment Inc (CRDV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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

Piotroski F-Score Neutral
4/9

Community Redevelopment Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed
-0.11x

For every $1 of reported earnings, Community Redevelopment Inc generates $-0.11 in operating cash flow ($1.2M OCF vs -$10.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-3.9x

Community Redevelopment Inc earns $-3.9 in operating income for every $1 of interest expense (-$2.3M vs $584K). 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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Revenue
$94K

Community Redevelopment Inc generated $94K in revenue in fiscal year 2022.

EBITDA
N/A
Free Cash Flow
N/A
Net Income
-$10.8M
YoY+77.6%

Community Redevelopment Inc reported -$10.8M in net income in fiscal year 2022. This represents an increase of 77.6% from the prior year.

EPS (Diluted)
$-0.22
YoY+88.2%

Community Redevelopment Inc earned $-0.22 per diluted share (EPS) in fiscal year 2022. This represents an increase of 88.2% from the prior year.

Cash & Debt
$102K
YoY-90.6%

Community Redevelopment Inc held $102K in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share
N/A
Shares Outstanding
73M
YoY+58.8%

Community Redevelopment Inc had 73M shares outstanding in fiscal year 2022. This represents an increase of 58.8% from the prior year.

Gross Margin
6.7%

Community Redevelopment Inc's gross margin was 6.7% in fiscal year 2022, indicating the percentage of revenue retained after direct costs.

Operating Margin
-2426.7%

Community Redevelopment Inc's operating margin was -2426.7% in fiscal year 2022, reflecting core business profitability.

Net Margin
-11542.6%

Community Redevelopment Inc's net profit margin was -11542.6% in fiscal year 2022, showing the share of revenue converted to profit.

Return on Equity
N/A
R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

CRDV Income Statement

Metric Q3'23 Q2'23 Q1'23 Q4'21 Q3'22 Q2'22 Q1'22 Q4'20
Revenue $0-100.0% $18K+151.8% $7K $0 $0 $0 $0 $0
Cost of Revenue $0 $0-100.0% $6K N/A $0 N/A N/A N/A
Gross Profit $0-100.0% $18K+1650.0% $1K N/A $0 N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $329K+363.6% $71K-65.3% $204K-96.1% $5.2M+5181.5% $98K+15.5% $85K-98.1% $4.5M+23961.3% $19K
Operating Income -$329K-515.6% -$53K+73.7% -$203K+96.1% -$5.2M-5181.5% -$98K-15.5% -$85K+98.1% -$4.5M-23961.3% -$19K
Interest Expense $35K0.0% $35K-19.8% $44K-96.3% $1.2M+3370.3% $35K-7.2% $37K $0 N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income -$364K-309.7% -$89K+64.0% -$247K+99.4% -$43.6M-32669.5% -$133K-8.6% -$123K+97.3% -$4.5M-23961.3% -$19K
EPS (Diluted) $-0.01-400.0% $-0.00+66.7% $-0.00+99.8% $-1.86-18500.0% $-0.01 $0.00 $0.00 N/A

CRDV Balance Sheet

Metric Q3'23 Q2'23 Q1'23 Q4'21 Q3'22 Q2'22 Q1'22 Q4'20
Total Assets $13.3M+6.6% $12.5M+62.4% $7.7M-60.7% $19.6M+8575.8% $225K+144.6% $92K+5811.3% $2K-81.7% $9K
Current Assets $118K-64.9% $337K-21.8% $431K-60.3% $1.1M+381.1% $225K+144.6% $92K+5811.3% $2K-81.7% $9K
Cash & Equivalents $118K-32.9% $176K+76.4% $100K-90.8% $1.1M+381.1% $225K+144.6% $92K+5811.3% $2K-81.7% $9K
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A 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 $14.1M+7.3% $13.1M+59.2% $8.2M+282.7% $2.2M+281.2% $565K+101.1% $281K+318.5% $67K-91.5% $787K
Current Liabilities $6.3M+8.1% $5.8M+5.6% $5.5M+154.2% $2.2M N/A N/A $67K-91.5% $787K
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$784K-20.6% -$650K-15.3% -$564K-103.2% $17.4M+5223.4% -$340K-79.8% -$189K-187.9% -$66K+91.6% -$778K
Retained Earnings -$60.8M-0.6% -$60.4M-0.1% -$60.3M-22.5% -$49.3M-764.1% -$5.7M-2.7% -$5.6M-2.3% -$5.4M-500.4% -$904K

CRDV Cash Flow Statement

Metric Q3'23 Q2'23 Q1'23 Q4'21 Q3'22 Q2'22 Q1'22 Q4'20
Operating Cash Flow -$205K-369.4% $76K+4182.5% -$2K+97.8% -$85K+40.9% -$145K+3.1% -$149K-2043.1% -$7K+52.0% -$14K
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 -$350K $0 $0 $0 $0 $0 $0 $0
Financing Cash Flow $498K $0 $0-100.0% $944K+240.0% $278K+15.9% $240K $0-100.0% $23K
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

CRDV Financial Ratios

Metric Q3'23 Q2'23 Q1'23 Q4'21 Q3'22 Q2'22 Q1'22 Q4'20
Gross Margin 6.1%-93.9pp 100.0%+85.6pp 14.4% N/A N/A N/A N/A N/A
Operating Margin -847.8%-542.8pp -305.0%+2615.3pp -2920.3% N/A N/A N/A N/A N/A
Net Margin -901.7%-393.9pp -507.8%+3048.1pp -3555.9% N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets -2.7%-2.0pp -0.7%+2.5pp -3.2%+219.7pp -222.9%-163.9pp -59.0%+73.9pp -132.9%+290038.4pp -290171.3%-289950.6pp -220.7%
Current Ratio 0.02-0.0 0.06-0.0 0.08-0.4 0.50 N/A N/A 0.02+0.0 0.01
Debt-to-Equity -17.96+2.2 -20.18-5.6 -14.62-14.7 0.12+1.8 -1.66-0.2 -1.49-0.5 -1.02-0.0 -1.01
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$366K), 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 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Community Redevelopment Inc's annual revenue?

Community Redevelopment Inc (CRDV) reported $94K in total revenue for fiscal year 2022. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Community Redevelopment Inc profitable?

No, Community Redevelopment Inc (CRDV) reported a net income of -$10.8M in fiscal year 2022, with a net profit margin of -11542.6%.

What is Community Redevelopment Inc's earnings per share (EPS)?

Community Redevelopment Inc (CRDV) reported diluted earnings per share of $-0.22 for fiscal year 2022. This represents a 88.2% 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 Community Redevelopment Inc's gross margin?

Community Redevelopment Inc (CRDV) had a gross margin of 6.7% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is Community Redevelopment Inc's operating margin?

Community Redevelopment Inc (CRDV) had an operating margin of -2426.7% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is Community Redevelopment Inc's net profit margin?

Community Redevelopment Inc (CRDV) had a net profit margin of -11542.6% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is Community Redevelopment Inc's operating cash flow?

Community Redevelopment Inc (CRDV) generated $1.2M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Community Redevelopment Inc's total assets?

Community Redevelopment Inc (CRDV) had $7.6M in total assets as of fiscal year 2022, including both current and long-term assets.

How many shares does Community Redevelopment Inc have outstanding?

Community Redevelopment Inc (CRDV) had 73M shares outstanding as of fiscal year 2022.

What is Community Redevelopment Inc's current ratio?

Community Redevelopment Inc (CRDV) had a current ratio of 0.05 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Community Redevelopment Inc's debt-to-equity ratio?

Community Redevelopment Inc (CRDV) had a debt-to-equity ratio of -21.71 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Community Redevelopment Inc's return on assets (ROA)?

Community Redevelopment Inc (CRDV) had a return on assets of -142.7% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

Why is Community Redevelopment Inc's debt-to-equity ratio negative or unusual?

Community Redevelopment Inc (CRDV) has negative shareholder equity of -$366K as of fiscal year 2022, 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 Community Redevelopment Inc's Piotroski F-Score?

Community Redevelopment Inc (CRDV) 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 Community Redevelopment Inc's earnings high quality?

Community Redevelopment Inc (CRDV) has an earnings quality ratio of -0.11x, considered mixed quality. 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 Community Redevelopment Inc cover its interest payments?

Community Redevelopment Inc (CRDV) has an interest coverage ratio of -3.9x, 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.