Digerati Technologies Inc Financials
This page shows Digerati Technologies Inc (DTGI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Digerati Technologies Inc has an operating margin of -16.0%, meaning the company retains $-16 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 -15.2% the prior year.
Digerati Technologies Inc's revenue surged 30.9% year-over-year to $31.6M, reflecting rapid business expansion. This strong growth earns a score of 85/100.
Digerati Technologies Inc's current ratio of 0.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Digerati Technologies Inc generated -$3.2M in operating cash flow, capex of $436K consumed most of it, leaving -$3.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Digerati Technologies Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Digerati Technologies Inc generates $0.39 in operating cash flow (-$3.2M OCF vs -$8.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Digerati Technologies Inc earns $-0.4 in operating income for every $1 of interest expense (-$5.1M vs $11.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Digerati Technologies Inc generated $31.6M in revenue in fiscal year 2023. This represents an increase of 30.9% from the prior year.
Digerati Technologies Inc's EBITDA was -$1.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 50.8% from the prior year.
Digerati Technologies Inc reported -$8.3M in net income in fiscal year 2023. This represents a decrease of 3.5% from the prior year.
Digerati Technologies Inc earned $-0.05 per diluted share (EPS) in fiscal year 2023. This represents an increase of 0.0% from the prior year.
Cash & Balance Sheet
Digerati Technologies Inc generated -$3.7M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 63.9% from the prior year.
Digerati Technologies Inc held $946K in cash against $0 in long-term debt as of fiscal year 2023.
Digerati Technologies Inc had 162M shares outstanding in fiscal year 2023. This represents an increase of 12.0% from the prior year.
Margins & Returns
Digerati Technologies Inc's operating margin was -16.0% in fiscal year 2023, reflecting core business profitability. This is down 0.8 percentage points from the prior year.
Digerati Technologies Inc's net profit margin was -26.2% in fiscal year 2023, showing the share of revenue converted to profit. This is up 7.0 percentage points from the prior year.
Capital Allocation
Digerati Technologies Inc invested $436K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 60.3% from the prior year.
DTGI Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4M-1.8% | $7.6M-1.2% | $7.7M-0.8% | $7.7M-1.6% | $7.8M-1.3% | $7.9M-2.3% | $8.1M-0.8% | $8.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | 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 | $4.1M-2.6% | $4.2M-0.3% | $4.2M-14.8% | $4.9M+13.7% | $4.3M-3.1% | $4.5M+7.7% | $4.1M-1.9% | $4.2M |
| Operating Income | -$1.2M+28.9% | -$1.6M-106.1% | -$799K+60.3% | -$2.0M-87.4% | -$1.1M+31.3% | -$1.6M-291.3% | -$400K-164.9% | -$151K |
| Interest Expense | $2.9M+31.4% | $2.2M-26.9% | $3.0M-4.7% | $3.2M-13.8% | $3.7M+56.1% | $2.4M+14.8% | $2.1M | N/A |
| Income Tax | $46K+31.4% | $35K+25.0% | $28K-56.3% | $64K+25.5% | $51K+88.9% | $27K-46.0% | $50K-62.7% | $134K |
| Net Income | -$4.5M-27.4% | -$3.6M+12.9% | -$4.1M-217.4% | -$1.3M+42.6% | -$2.2M-1101.8% | $224K+104.5% | -$5.0M-51.0% | -$3.3M |
| EPS (Diluted) | $-0.03-50.0% | $-0.02+33.3% | $-0.03 | N/A | $-0.010.0% | $-0.01+66.7% | $-0.03 | N/A |
DTGI Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $37.2M+0.4% | $37.1M-3.3% | $38.4M0.0% | $38.4M-2.6% | $39.4M-3.8% | $41.0M+0.7% | $40.7M-2.4% | $41.7M |
| Current Assets | $3.1M+27.2% | $2.5M-3.0% | $2.5M+9.3% | $2.3M-6.4% | $2.5M-28.1% | $3.5M+35.9% | $2.5M+1.1% | $2.5M |
| Cash & Equivalents | $969K+26.0% | $769K-18.7% | $946K+2.4% | $924K-7.3% | $997K-54.7% | $2.2M+110.2% | $1.0M-30.6% | $1.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $1.3M+21.5% | $1.0M+15.2% | $906K+21.0% | $749K-17.3% | $906K+9.4% | $828K-1.9% | $844K+35.7% | $622K |
| Goodwill | $19.4M0.0% | $19.4M0.0% | $19.4M0.0% | $19.4M0.0% | $19.4M0.0% | $19.4M0.0% | $19.4M0.0% | $19.4M |
| Total Liabilities | $81.0M+7.0% | $75.8M+2.7% | $73.8M+6.5% | $69.3M-0.5% | $69.6M+0.6% | $69.2M-2.9% | $71.3M+5.6% | $67.5M |
| Current Liabilities | $79.8M+7.0% | $74.6M+3.8% | $71.9M+6.3% | $67.6M-0.5% | $67.9M+53.6% | $44.2M-3.5% | $45.8M+44.0% | $31.8M |
| Long-Term Debt | N/A | N/A | N/A | $7.8M | N/A | N/A | $250K-50.0% | $500K |
| Total Equity | -$38.8M-12.6% | -$34.5M-8.8% | -$31.7M-14.8% | -$27.6M-1.2% | -$27.3M-6.2% | -$25.7M+9.4% | -$28.4M-19.3% | -$23.8M |
| Retained Earnings | -$133.9M-3.5% | -$129.3M-2.8% | -$125.8M-3.4% | -$121.7M-1.1% | -$120.4M-1.9% | -$118.2M+0.2% | -$118.4M-4.4% | -$113.4M |
DTGI Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.6M-3257.7% | $52K-81.6% | $282K+331.1% | -$122K+88.9% | -$1.1M+4.0% | -$1.1M-33.3% | -$858K-291.8% | -$219K |
| Capital Expenditures | $91K+139.5% | $38K-60.4% | $96K+409.7% | -$31K-115.3% | $203K+30.1% | $156K+44.4% | $108K+36.7% | $79K |
| Free Cash Flow | -$1.7M-12478.6% | $14K-92.5% | $186K+221.6% | -$153K+88.2% | -$1.3M-0.1% | -$1.3M-34.6% | -$966K-224.2% | -$298K |
| Investing Cash Flow | -$91K-139.5% | -$38K+60.4% | -$96K-409.7% | $31K+115.3% | -$203K-30.1% | -$156K-44.4% | -$108K-35.0% | -$80K |
| Financing Cash Flow | $1.9M+1112.0% | -$191K-16.5% | -$164K-1011.1% | $18K-81.1% | $95K-96.1% | $2.5M+386.1% | $505K+187.7% | -$576K |
| Dividends Paid | N/A | N/A | N/A | $0 | $0-100.0% | $4K0.0% | $4K-20.0% | $5K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DTGI Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -15.8%+6.0pp | -21.8%-11.3pp | -10.4%+15.7pp | -26.1%-12.4pp | -13.7%+6.0pp | -19.7%-14.8pp | -4.9%-3.1pp | -1.8% |
| Net Margin | -61.0%-14.0pp | -47.0%+6.4pp | -53.4%-36.7pp | -16.7%+11.9pp | -28.6%-31.4pp | 2.8%+64.1pp | -61.3%-21.0pp | -40.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -12.2%-2.6pp | -9.6%+1.1pp | -10.7%-7.3pp | -3.4%+2.4pp | -5.7%-6.3pp | 0.5%+12.8pp | -12.3%-4.3pp | -7.9% |
| Current Ratio | 0.040.0 | 0.030.0 | 0.040.0 | 0.030.0 | 0.04-0.0 | 0.08+0.0 | 0.06-0.0 | 0.08 |
| Debt-to-Equity | -2.09+0.1 | -2.20+0.1 | -2.33-2.0 | -0.28+2.3 | -2.55+0.1 | -2.69-2.7 | -0.01+0.0 | -0.02 |
| FCF Margin | -23.3%-23.5pp | 0.2%-2.2pp | 2.4%+4.4pp | -2.0%+14.6pp | -16.6%-0.2pp | -16.4%-4.5pp | -11.9%-8.2pp | -3.6% |
Note: Shareholder equity is negative (-$31.7M), 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 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Digerati Technologies Inc's annual revenue?
Digerati Technologies Inc (DTGI) reported $31.6M in total revenue for fiscal year 2023. This represents a 30.9% 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 Digerati Technologies Inc's revenue growing?
Digerati Technologies Inc (DTGI) revenue grew by 30.9% year-over-year, from $24.2M to $31.6M in fiscal year 2023.
Is Digerati Technologies Inc profitable?
No, Digerati Technologies Inc (DTGI) reported a net income of -$8.3M in fiscal year 2023, with a net profit margin of -26.2%.
What is Digerati Technologies Inc's EBITDA?
Digerati Technologies Inc (DTGI) had EBITDA of -$1.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Digerati Technologies Inc's operating margin?
Digerati Technologies Inc (DTGI) had an operating margin of -16.0% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Digerati Technologies Inc's net profit margin?
Digerati Technologies Inc (DTGI) had a net profit margin of -26.2% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Digerati Technologies Inc's free cash flow?
Digerati Technologies Inc (DTGI) generated -$3.7M in free cash flow during fiscal year 2023. This represents a -63.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Digerati Technologies Inc's operating cash flow?
Digerati Technologies Inc (DTGI) generated -$3.2M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Digerati Technologies Inc's total assets?
Digerati Technologies Inc (DTGI) had $38.4M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Digerati Technologies Inc's capital expenditures?
Digerati Technologies Inc (DTGI) invested $436K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
What is Digerati Technologies Inc's current ratio?
Digerati Technologies Inc (DTGI) had a current ratio of 0.04 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Digerati Technologies Inc's debt-to-equity ratio?
Digerati Technologies Inc (DTGI) had a debt-to-equity ratio of -2.33 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Digerati Technologies Inc's return on assets (ROA)?
Digerati Technologies Inc (DTGI) had a return on assets of -21.6% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Digerati Technologies Inc's cash runway?
Based on fiscal year 2023 data, Digerati Technologies Inc (DTGI) had $946K in cash against an annual operating cash burn of $3.2M. This gives an estimated cash runway of approximately 4 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 Digerati Technologies Inc's debt-to-equity ratio negative or unusual?
Digerati Technologies Inc (DTGI) has negative shareholder equity of -$31.7M 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.
What is Digerati Technologies Inc's Piotroski F-Score?
Digerati Technologies Inc (DTGI) has a Piotroski F-Score of 3 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Digerati Technologies Inc's earnings high quality?
Digerati Technologies Inc (DTGI) has an earnings quality ratio of 0.39x, 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.
Can Digerati Technologies Inc cover its interest payments?
Digerati Technologies Inc (DTGI) has an interest coverage ratio of -0.4x, 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 Digerati Technologies Inc?
Digerati Technologies Inc (DTGI) scores 21 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.