Community Redevelopment Inc Financials
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).
Tiny revenue and thin gross profit leave the business dependent on financing, not normal operations, to carry its balance sheet.
Reported losses and operating cash moved in opposite directions: FY2022 net loss was-$10.8M while operating cash flow was$1.23M , suggesting the income statement was shaped more by non-cash items or balance-sheet movements than by immediate cash spending. That accounting relief did not create usable liquidity, because year-end cash was only$102K and the current ratio sat at 0.05x.
The operating problem is less about product margin than about scale: revenue of
The balance sheet looks externally funded rather than self-supporting: financing inflow of
Financial Health Signals
Based on FY2022 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 Community Redevelopment Inc'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.
Community Redevelopment Inc has an operating margin of -2426.7%, meaning the company retains $-2427 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.
Community Redevelopment Inc carries a low D/E ratio of -21.71, meaning only $-21.71 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Community Redevelopment Inc's current ratio of 0.05 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
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.
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.
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
Earnings & Revenue
Community Redevelopment Inc generated $94K in revenue in fiscal year 2022.
Community Redevelopment Inc reported -$10.8M in net income in fiscal year 2022. This represents an increase of 77.6% from the prior year.
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 & Balance Sheet
Community Redevelopment Inc held $102K in cash against $0 in long-term debt as of fiscal year 2022.
Community Redevelopment Inc had 73M shares outstanding in fiscal year 2022. This represents an increase of 58.8% from the prior year.
Margins & Returns
Community Redevelopment Inc's gross margin was 6.7% in fiscal year 2022, indicating the percentage of revenue retained after direct costs.
Community Redevelopment Inc's operating margin was -2426.7% in fiscal year 2022, reflecting core business profitability.
Community Redevelopment Inc's net profit margin was -11542.6% in fiscal year 2022, showing the share of revenue converted to profit.
Capital Allocation
CRDV Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0-100.0% | $18K+151.8% | $7K | N/A | $11K | $0 | $0 | N/A |
| Cost of Revenue | $0 | $0-100.0% | $6K | N/A | $9K | $0 | $0 | N/A |
| Gross Profit | $0-100.0% | $18K+1650.0% | $1K | N/A | $1K | $0 | $0 | 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 | N/A | $850K+101.3% | $423K+41.5% | $299K | N/A |
| Operating Income | -$329K-515.6% | -$53K+73.7% | -$203K | N/A | -$849K-101.0% | -$423K-41.5% | -$299K | N/A |
| Interest Expense | $35K0.0% | $35K-19.8% | $44K | N/A | $206K+57.1% | $131K-38.8% | $214K | 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 | N/A | -$1.2M | N/A | -$148K | N/A |
| EPS (Diluted) | $-0.01-400.0% | $-0.00+66.7% | $-0.00 | N/A | $-0.03+85.4% | $-0.20-6533.3% | $-0.00 | N/A |
CRDV Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.3M+6.6% | $12.5M+62.4% | $7.7M+1.3% | $7.6M+14.7% | $6.6M+1759.5% | $355K-98.2% | $19.2M-1.7% | $19.6M |
| Current Assets | $118K-64.9% | $337K-21.8% | $431K+64.3% | $262K-43.6% | $465K+30.7% | $355K-52.8% | $754K-30.5% | $1.1M |
| Cash & Equivalents | $118K-32.9% | $176K+76.4% | $100K-1.8% | $102K-35.7% | $158K-41.7% | $271K-59.4% | $669K-38.3% | $1.1M |
| 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+3.7% | $8.0M+1.4% | $7.8M+269.4% | $2.1M+7.7% | $2.0M-8.5% | $2.2M |
| Current Liabilities | $6.3M+8.1% | $5.8M+5.6% | $5.5M+5.6% | $5.2M+2.1% | $5.1M+139.0% | $2.1M+7.7% | $2.0M-8.5% | $2.2M |
| 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-54.0% | -$366K+70.3% | -$1.2M+30.3% | -$1.8M-110.2% | $17.3M-0.9% | $17.4M |
| Retained Earnings | -$60.8M-0.6% | -$60.4M-0.1% | -$60.3M-0.4% | -$60.1M-1.3% | -$59.3M-2.0% | -$58.2M-17.7% | -$49.4M-0.3% | -$49.3M |
CRDV Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$205K-369.4% | $76K+4182.5% | -$2K-100.1% | $2.2M+1230.0% | -$198K+50.2% | -$398K+4.2% | -$415K-386.4% | -$85K |
| 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+100.0% | -$7.4M-8566.4% | -$85K | $0 | $0 | $0 |
| Financing Cash Flow | $498K | $0 | $0-100.0% | $5.1M+2893.6% | $170K | $0 | $0-100.0% | $944K |
| 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 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 100.0%+85.6pp | 14.4% | N/A | 11.2% | N/A | N/A | N/A |
| Operating Margin | N/A | -305.0%+2615.3pp | -2920.3% | N/A | -7977.7% | N/A | N/A | N/A |
| Net Margin | N/A | -507.8%+3048.1pp | -3555.9% | N/A | -10847.1% | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | -0.9% | N/A |
| Return on Assets | -2.7%-2.0pp | -0.7%+2.5pp | -3.2% | N/A | -17.5% | N/A | -0.8% | N/A |
| Current Ratio | 0.02-0.0 | 0.06-0.0 | 0.08+0.0 | 0.05-0.0 | 0.09-0.1 | 0.17-0.2 | 0.38-0.1 | 0.50 |
| Debt-to-Equity | -17.96+2.2 | -20.18-5.6 | -14.62+7.1 | -21.71-15.4 | -6.36-5.2 | -1.20-1.3 | 0.110.0 | 0.12 |
| 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 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.
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 to 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.
How financially healthy is Community Redevelopment Inc?
Community Redevelopment Inc (CRDV) scores 17 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.