Golden Developing SOL (DVLP) Financials
Newest figures come from the filing for Q2 FY2023, filed Oct 17, 2023. Each column of the statement tables below links to the filing it was taken from.
This page shows Golden Developing SOL (DVLP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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.
Financial Health Signals
We do not publish a peer-relative financial health score for Golden Developing SOL, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Golden Developing SOL passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 3 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Golden Developing SOL reported a net loss of $1.4M while generating $183K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Golden Developing SOL reported an operating loss of $646K against $965K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Golden Developing SOL generated $882K in revenue in Q2 2023. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 419.4%.
Golden Developing SOL reported a net loss of $1.5M in Q2 2023. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Golden Developing SOL earned $0.00 per diluted share (EPS) in Q2 2023. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2023.
Cash & Balance Sheet
Golden Developing SOL held $323K in cash as of Q2 2023; no long-term debt figure is on record for that period.
Not reported for Q2 2023.
Not reported for Q2 2023.
Margins & Returns
Golden Developing SOL's gross margin was 49.0% in Q2 2023, indicating the percentage of revenue retained after direct costs. Against the prior quarter it is up 37.8 percentage points.
Golden Developing SOL's operating margin was -9.9% in Q2 2023, reflecting core business profitability.
Not shown for Q2 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2023.
Capital Allocation
None of these metrics is reported for Q2 2023.
DVLP Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing | Q3'21Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $882Kn/m | $170Kn/m | N/A | $0n/m | $0n/m | $0n/m | N/A | $0n/m |
| Cost of Revenue | $450Kn/m | $151Kn/m | N/A | $0n/m | $0n/m | $0n/m | N/A | $0n/m |
| Gross Profit | $432Kn/m | $19Kn/m | N/A | $0n/m | $0n/m | $0n/m | N/A | $0n/m |
| SG&A Expenses | $446K+780.7% | $199K | N/A | $54K | $51K+15534.6% | N/A | N/A | N/A |
| Operating Income | -$88Kn/m | -$197K | N/A | -$71K | -$163K | N/A | N/A | N/A |
| Interest Expense | $1.4M+1574.8% | $1.2M | N/A | $152K | $83K | N/A | N/A | N/A |
| Income Tax | $0n/m | $0n/m | N/A | $0n/m | $0n/m | $0n/m | N/A | $0n/m |
| Net Income | -$1.5Mn/m | -$1.9M | N/A | -$210K | -$223K | N/A | N/A | N/A |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00n/m | $0.00n/m | $0.00 | $0.00 |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00n/m | $0.00n/m | $0.00 | $0.00 |
| Diluted Shares (Avg) | 1.41B | 1.44B | N/A | 827M | 765M+40.1% | 749M+37.1% | N/A | 572M |
Not reported in any period shown, so not listed: R&D Expenses, EBITDA.
DVLP Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing | Q3'21Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.9M+11539.5% | $7.8M+1006168.9% | $8.7M+81067.4% | $340K+196267.1% | $68K+4723.3% | $775-87.2% | $11K-80.2% | $173-99.7% |
| Current Assets | $1.4M+2012.2% | $1.5M+195750.7% | $210K+1858.6% | $340K+196267.1% | $68K+4723.3% | $775-87.2% | $11Kn/m | $173n/m |
| Cash & Equivalents | $323K+375.3% | $219K+28212.6% | $210K+1858.6% | $340K+196267.1% | $68K+4723.3% | $775-87.2% | $11Kn/m | $173n/m |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $688K | $626K | $0n/m | N/A | N/A | N/A | $0n/m | N/A |
| Accounts Receivable | $368K | $535K | $0 | N/A | N/A | N/A | N/A | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $3.1M | $3.1M | $0 | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $9.2M+1035.6% | $7.6M+825.5% | $6.7M+568.5% | $705K-56.7% | $810K-29.8% | $825K-27.4% | $998K-12.7% | $1.6M+59.3% |
| Current Liabilities | $9.1M+1021.7% | $7.6M+825.5% | $6.7M+568.5% | $705K-58.1% | $810K-33.0% | $825K-30.7% | $998K-12.7% | $1.7M+64.6% |
| Non-Current Liabilities | $113Kn/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | -$54Kn/m |
| Total Equity | -$1.3Mn/m | $167Kn/m | $2.0Mn/m | -$365Kn/m | -$742Kn/m | -$824Kn/m | -$987Kn/m | -$1.6Mn/m |
| Retained Earnings | -$17.1Mn/m | -$15.6Mn/m | -$13.8Mn/m | -$12.8Mn/m | -$12.6Mn/m | -$12.3Mn/m | -$12.4Mn/m | -$12.3Mn/m |
Not reported in any period shown, so not listed: Long-Term Debt.
DVLP Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing | Q3'21Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $174Kn/m | -$295K | $398K | -$98K | -$85Kn/m | N/A | N/A | N/A |
| Stock-Based Compensation | N/A | $0-100.0% | N/A | N/A | N/A | $19Kn/m | N/A | N/A |
| Investing Cash Flow | -$64Kn/m | $325Kn/m | N/A | N/A | $0 | $0 | N/A | N/A |
| Financing Cash Flow | -$6K-104.0% | -$21K | $8.7M | $370Kn/m | $152Kn/m | N/A | N/A | $0n/m |
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
DVLP Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing | Q3'21Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.0% | 11.2% | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -9.9% | -115.8% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -166.6% | -1103.3% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | -1120.7% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -18.6%+309.1pp | -24.0% | N/A | -61.9% | -327.7% | N/A | N/A | N/A |
| Current Ratio | 0.16+0.1x | 0.20+0.2x | 0.030.0x | 0.48+0.5x | 0.08+0.1x | 0.000.0x | 0.010.0x | 0.000.0x |
| Liabilities-to-Equity | N/A | 45.65 | 3.27 | N/A | N/A | N/A | N/A | N/A |
| Asset Turnover | 0.11+0.1x | 0.020.0x | N/A | 0.000.0x | 0.000.0x | 0.000.0x | N/A | 0.000.0x |
Not reported in any period shown, so not listed: Debt-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Golden Developing SOL Ranks
Frequently Asked Questions
No, Golden Developing SOL (DVLP) reported a net loss of $1.4M in fiscal year 2022.
Golden Developing SOL (DVLP) has a return on equity of -69.1% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
Golden Developing SOL (DVLP) generated $183K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
Golden Developing SOL (DVLP) had $8.7M in total assets as of fiscal year 2022, including both current and long-term assets.
Golden Developing SOL (DVLP) had a current ratio of 0.03 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
Golden Developing SOL (DVLP) had a liabilities-to-equity ratio of 3.27 as of fiscal year 2022, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2022, because the filing data we hold for that year carries no long-term debt figure.
Golden Developing SOL (DVLP) had a return on assets of -16.2% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
Golden Developing SOL (DVLP) has a Piotroski F-Score of 3 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.
Golden Developing SOL (DVLP) reported a net loss of $1.4M while generating $183K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
Golden Developing SOL (DVLP) reported an operating loss of $646K against $965K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.