Duo World Financials
This page shows Duo World (DUUO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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
Duo World has an operating margin of -460.1%, meaning the company retains $-460 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 -286.4% the prior year.
Duo World's revenue declined 46.4% year-over-year, from $94K to $51K. This contraction results in a growth score of 0/100.
Duo World's current ratio of 0.06 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 Duo World generated -$207K in operating cash flow, capex of $11K consumed most of it, leaving -$218K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Duo World passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Duo World generates $-0.31 in operating cash flow (-$207K OCF vs $667K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Duo World earns $-8.1 in operating income for every $1 of interest expense (-$233K vs $29K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Duo World generated $51K in revenue in fiscal year 2023. This represents a decrease of 46.4% from the prior year.
Duo World's EBITDA was -$227K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 14.7% from the prior year.
Duo World generated -$218K in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 80.2% from the prior year.
Duo World reported $667K in net income in fiscal year 2023. This represents an increase of 300.0% from the prior year.
Duo World held $19K in cash against $0 in long-term debt as of fiscal year 2023.
Duo World had 88M shares outstanding in fiscal year 2023. This represents an increase of 30.4% from the prior year.
Duo World's gross margin was 41.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 31.4 percentage points from the prior year.
Duo World's operating margin was -460.1% in fiscal year 2023, reflecting core business profitability. This is down 173.8 percentage points from the prior year.
Duo World's net profit margin was 1319.1% in fiscal year 2023, showing the share of revenue converted to profit. This is up 1672.8 percentage points from the prior year.
Duo World invested $200K in research and development in fiscal year 2023.
Duo World invested $11K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 1349.9% from the prior year.
DUUO Income Statement
| Metric | Q2'23 | Q1'23 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30K+56.4% | $19K+50.1% | $13K+1.4% | $13K+3.7% | $12K-39.2% | $20K-16.2% | $24K-21.6% | $31K |
| Cost of Revenue | $8K+266.1% | $2K-53.9% | $5K-47.9% | $9K-2.2% | $10K-50.5% | $19K-15.2% | $23K-18.8% | $28K |
| Gross Profit | $22K+28.7% | $17K+113.9% | $8K+140.7% | $3K+25.1% | $3K+248.8% | $760-35.5% | $1K-52.7% | $2K |
| R&D Expenses | N/A | N/A | N/A | N/A | $0 | N/A | N/A | $0 |
| SG&A Expenses | $33K-5.1% | $35K-28.3% | $48K+51.5% | $32K-4.1% | $33K+1.4% | $33K-2.4% | $34K+6.0% | $32K |
| Operating Income | -$32K+17.0% | -$39K+32.7% | -$58K+24.8% | -$77K-103.0% | -$38K+4.8% | -$40K+47.3% | -$75K-39.7% | -$54K |
| Interest Expense | $628-10.0% | $698 | N/A | $28K | N/A | $6K-43.1% | $10K+9.2% | $9K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$31K-1.5% | -$30K+40.5% | -$51K-106.6% | $766K+8817.2% | -$9K+84.9% | -$58K+45.3% | -$106K-63.8% | -$65K |
| EPS (Diluted) | $0.00 | $0.00 | N/A | $0.01 | $0.00 | N/A | N/A | N/A |
DUUO Balance Sheet
| Metric | Q2'23 | Q1'23 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $469K-1.3% | $475K+3.3% | $460K-0.8% | $463K+35.4% | $342K-43.9% | $611K+1.1% | $604K-1.4% | $612K |
| Current Assets | $109K+1.0% | $108K+4.1% | $104K-14.9% | $122K-13.1% | $140K-37.5% | $224K+11.2% | $202K+5.2% | $192K |
| Cash & Equivalents | $12K+137.6% | $5K-17.7% | $6K-52.7% | $13K-67.2% | $40K+5.8% | $37K+140.2% | $16K+51.1% | $10K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $16K-22.5% | $21K+371.7% | $4K-66.3% | $13K-4.3% | $14K-80.4% | $70K-16.8% | $84K-45.2% | $154K |
| Goodwill | $104K0.0% | $104K0.0% | $104K0.0% | $104K | N/A | N/A | N/A | N/A |
| Total Liabilities | $2.4M-2.6% | $2.4M+16.5% | $2.1M-0.7% | $2.1M-27.5% | $2.9M-36.9% | $4.6M+1.2% | $4.5M+1.3% | $4.5M |
| Current Liabilities | $1.8M-1.7% | $1.8M+14.8% | $1.6M-0.8% | $1.6M-15.1% | $1.9M-41.1% | $3.2M+2.1% | $3.1M+2.1% | $3.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | $11K-5.8% | $12K |
| Total Equity | -$1.9M+2.9% | -$1.9M-20.3% | -$1.6M+0.7% | -$1.6M+36.0% | -$2.5M+35.8% | -$4.0M-1.2% | -$3.9M-1.7% | -$3.9M |
| Retained Earnings | -$15.8M-0.2% | -$15.7M-0.4% | -$15.7M-0.3% | -$15.6M+4.7% | -$16.4M-0.7% | -$16.3M-0.4% | -$16.2M-0.7% | -$16.1M |
DUUO Cash Flow Statement
| Metric | Q2'23 | Q1'23 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$79K-204.6% | $76K-64.3% | $212K+160.1% | -$352K-40.4% | -$251K+48.2% | -$485K-1317.1% | -$34K-406.2% | -$7K |
| Capital Expenditures | $234-58.5% | $564 | N/A | N/A | $4K | N/A | N/A | N/A |
| Free Cash Flow | -$79K-205.7% | $75K | N/A | N/A | -$255K | N/A | N/A | N/A |
| Investing Cash Flow | -$101+83.7% | -$619+95.8% | -$15K+81.0% | -$77K-4447.7% | -$2K | N/A | N/A | -$4K |
| Financing Cash Flow | $35K | N/A | $57K+280.0% | $15K+50.0% | $10K-98.1% | $514K+3382.7% | $15K+885.3% | -$2K |
| 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 |
DUUO Financial Ratios
| Metric | Q2'23 | Q1'23 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.7%-15.6pp | 88.3%+26.3pp | 62.0%+35.9pp | 26.1%+4.5pp | 21.6%+17.9pp | 3.8%-1.1pp | 4.9%-3.2pp | 8.1% |
| Operating Margin | -106.3%+94.1pp | -200.3%+246.9pp | -447.2%+155.5pp | -602.7%-294.9pp | -307.8%-111.1pp | -196.7%+116.1pp | -312.8%-137.3pp | -175.5% |
| Net Margin | -101.2%+54.7pp | -155.9%+237.3pp | -393.2%-6423.6pp | 6030.4%+6102.1pp | -71.7%+216.8pp | -288.5%+153.5pp | -442.0%-230.5pp | -211.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -6.5%-0.2pp | -6.3%+4.7pp | -11.0%-176.3pp | 165.3%+167.9pp | -2.6%+7.0pp | -9.5%+8.1pp | -17.6%-7.0pp | -10.6% |
| Current Ratio | 0.060.0 | 0.060.0 | 0.07-0.0 | 0.080.0 | 0.070.0 | 0.070.0 | 0.060.0 | 0.06 |
| Debt-to-Equity | -1.250.0 | -1.24+0.0 | -1.280.0 | -1.28-0.2 | -1.13+0.0 | -1.15-1.2 | -0.000.0 | -0.00 |
| FCF Margin | -262.3%-650.3pp | 388.0% | N/A | N/A | -2078.2% | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$1.8M), 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 (0.06), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Duo World's annual revenue?
Duo World (DUUO) reported $51K in total revenue for fiscal year 2023. This represents a -46.4% 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 Duo World's revenue growing?
Duo World (DUUO) revenue declined by 46.4% year-over-year, from $94K to $51K in fiscal year 2023.
Is Duo World profitable?
Yes, Duo World (DUUO) reported a net income of $667K in fiscal year 2023, with a net profit margin of 1319.1%.
What is Duo World's EBITDA?
Duo World (DUUO) had EBITDA of -$227K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Duo World's gross margin?
Duo World (DUUO) had a gross margin of 41.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Duo World's operating margin?
Duo World (DUUO) had an operating margin of -460.1% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Duo World's net profit margin?
Duo World (DUUO) had a net profit margin of 1319.1% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Duo World's free cash flow?
Duo World (DUUO) generated -$218K in free cash flow during fiscal year 2023. This represents a 80.2% 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 Duo World's operating cash flow?
Duo World (DUUO) generated -$207K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Duo World's total assets?
Duo World (DUUO) had $467K in total assets as of fiscal year 2023, including both current and long-term assets.
What are Duo World's capital expenditures?
Duo World (DUUO) invested $11K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How much does Duo World spend on research and development?
Duo World (DUUO) invested $200K in research and development during fiscal year 2023.
How many shares does Duo World have outstanding?
Duo World (DUUO) had 88M shares outstanding as of fiscal year 2023.
What is Duo World's current ratio?
Duo World (DUUO) had a current ratio of 0.06 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Duo World's debt-to-equity ratio?
Duo World (DUUO) had a debt-to-equity ratio of -1.26 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Duo World's return on assets (ROA)?
Duo World (DUUO) had a return on assets of 142.9% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Duo World's cash runway?
Based on fiscal year 2023 data, Duo World (DUUO) had $19K in cash against an annual operating cash burn of $207K. This gives an estimated cash runway of approximately 1 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 Duo World's debt-to-equity ratio negative or unusual?
Duo World (DUUO) has negative shareholder equity of -$1.8M 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 Duo World's Piotroski F-Score?
Duo World (DUUO) 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 Duo World's earnings high quality?
Duo World (DUUO) has an earnings quality ratio of -0.31x, 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 Duo World cover its interest payments?
Duo World (DUUO) has an interest coverage ratio of -8.1x, 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 Duo World?
Duo World (DUUO) 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.