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DAXOR CORP Financials

DXR
Source SEC Filings (10-K/10-Q) Data as of Dec 31, 2011 Currency USD FYE December

This page shows DAXOR CORP (DXR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).

Rhea AI DXR FY2011

Daxor’s operating model in FY2011 was externally financed development spending, with revenue too small to carry its ongoing cost base.

In FY2011, operating cash burn of $6.5M against revenue of $1.4M shows the business was being funded mainly by capital sources rather than by recurring customer activity. Even after a financing inflow of $17.9M, year-end equity was $36.2M, meaning outside capital was largely replacing losses and asset uses instead of building a cash cushion for operations.

On paper, near-term liquidity looks acceptable with a current ratio of 1.7x. In practice, cash on hand was just $60K against $49.3M of current liabilities, so short-term flexibility depended on converting other assets or raising capital, not on cash already available.

This is functioning more like a development-stage enterprise than a mature seller: R&D alone was $2.7M while revenue was $1.4M. Gross margin stayed near 55.0% across both years, which suggests product-level economics were not the main constraint; the cost structure was simply far larger than the sales base at this scale.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating DAXOR CORP's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Distress
1.40

DAXOR CORP scores 1.40, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($61.4M) relative to total liabilities ($49.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
3/8

DAXOR CORP passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality
0.91x

For every $1 of reported earnings, DAXOR CORP generates $0.91 in operating cash flow (-$6.5M OCF vs -$7.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
$1.4M
YoY-8.4%

DAXOR CORP generated $1.4M in revenue in fiscal year 2011. This represents a decrease of 8.4% from the prior year.

EBITDA
-$5.5M
YoY-2.5%

DAXOR CORP's EBITDA was -$5.5M in fiscal year 2011, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 2.5% from the prior year.

Net Income
-$7.2M
YoY-244.6%

DAXOR CORP reported -$7.2M in net income in fiscal year 2011. This represents a decrease of 244.6% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
-$6.6M
YoY-10.3%

DAXOR CORP generated -$6.6M in free cash flow in fiscal year 2011, representing cash available after capex. This represents a decrease of 10.3% from the prior year.

Cash & Debt
$60K
YoY+3.3%

DAXOR CORP held $60K in cash against $0 in long-term debt as of fiscal year 2011.

Dividends Per Share
$0.25
YoY-75.0%

DAXOR CORP paid $0.25 per share in dividends in fiscal year 2011. This represents a decrease of 75.0% from the prior year.

Shares Outstanding
4M
YoY-0.6%

DAXOR CORP had 4M shares outstanding in fiscal year 2011. This represents a decrease of 0.6% from the prior year.

Margins & Returns

Gross Margin
54.9%
YoY+1.0pp

DAXOR CORP's gross margin was 54.9% in fiscal year 2011, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.

Operating Margin
-400.1%
YoY-41.7pp

DAXOR CORP's operating margin was -400.1% in fiscal year 2011, reflecting core business profitability. This is down 41.7 percentage points from the prior year.

Net Margin
-496.8%
YoY-811.4pp

DAXOR CORP's net profit margin was -496.8% in fiscal year 2011, showing the share of revenue converted to profit. This is down 811.4 percentage points from the prior year.

Return on Equity
-19.8%
YoY-30.4pp

DAXOR CORP's ROE was -19.8% in fiscal year 2011, measuring profit generated per dollar of shareholder equity. This is down 30.4 percentage points from the prior year.

Capital Allocation

R&D Spending
$2.7M
YoY-11.0%

DAXOR CORP invested $2.7M in research and development in fiscal year 2011. This represents a decrease of 11.0% from the prior year.

Share Buybacks
$230K
YoY-5.2%

DAXOR CORP spent $230K on share buybacks in fiscal year 2011, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 5.2% from the prior year.

Capital Expenditures
$123K
YoY-62.1%

DAXOR CORP invested $123K in capex in fiscal year 2011, funding long-term assets and infrastructure. This represents a decrease of 62.1% from the prior year.

DXR Income Statement

Metric Q4'11 Q3'11 Q2'11 Q4'10 Q3'10 Q2'10
Revenue N/A $341K-4.8% $358K N/A $453K+23.1% $368K
Cost of Revenue N/A $149K-7.1% $161K N/A $186K+12.3% $165K
Gross Profit N/A $192K-3.0% $197K N/A $268K+31.8% $203K
R&D Expenses N/A $637K-4.9% $670K N/A $695K-5.4% $735K
SG&A Expenses N/A $816K-6.4% $871K N/A $858K-11.9% $973K
Operating Income N/A -$1.3M+6.2% -$1.3M N/A -$1.3M+14.6% -$1.5M
Interest Expense N/A $30K-63.4% $81K N/A $20K+127.9% $9K
Income Tax N/A -$2.8M-1460.4% -$182K N/A $1.8M+4603.9% -$40K
Net Income N/A -$4.2M-2167.3% -$185K N/A $2.6M+1282.9% $188K
EPS (Diluted) N/A N/A N/A N/A N/A N/A

DXR Balance Sheet

Metric Q4'11 Q3'11 Q2'11 Q4'10 Q3'10 Q2'10
Total Assets $85.7M-2.9% $88.3M-8.3% $96.2M+5.5% $91.2M N/A N/A
Current Assets $81.7M-2.9% $84.1M-8.7% $92.1M+5.9% $87.0M N/A N/A
Cash & Equivalents $60K+100.7% $30K-73.4% $112K+93.6% $58K-46.1% $107K-49.8% $213K
Inventory $302K-3.8% $313K-12.3% $357K-1.7% $364K N/A N/A
Accounts Receivable $220K+15.9% $190K-2.0% $193K+8.2% $179K N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A
Total Liabilities $49.5M-2.2% $50.6M-0.1% $50.7M+14.6% $44.2M N/A N/A
Current Liabilities $49.3M-2.2% $50.4M0.0% $50.4M+14.8% $43.9M N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A
Total Equity $36.2M-3.7% $37.6M-17.5% $45.6M-3.0% $47.0M N/A N/A
Retained Earnings $24.7M-7.2% $26.7M-13.6% $30.8M-6.5% $33.0M N/A N/A

DXR Cash Flow Statement

Metric Q4'11 Q3'11 Q2'11 Q4'10 Q3'10 Q2'10
Operating Cash Flow -$990K-61.4% -$613K N/A -$1.8M-50.1% -$1.2M N/A
Capital Expenditures $5K-91.9% $58K N/A $35K-61.4% $91K N/A
Free Cash Flow -$995K-48.1% -$671K N/A -$1.9M-42.4% -$1.3M N/A
Investing Cash Flow -$8.1M-145.8% -$3.3M N/A $6.5M+6021.6% -$109K N/A
Financing Cash Flow $9.1M+138.3% $3.8M N/A -$4.7M-480.8% $1.2M N/A
Dividends Paid $421K $0 N/A $2.7M+159.7% $1.1M N/A
Share Buybacks $230K+214974.8% $107 N/A $6K-95.1% $126K N/A

DXR Financial Ratios

Metric Q4'11 Q3'11 Q2'11 Q4'10 Q3'10 Q2'10
Gross Margin N/A 56.2%+1.1pp 55.1% N/A 59.0%+3.9pp 55.1%
Operating Margin N/A -369.9%+5.3pp -375.2% N/A -283.5%+125.2pp -408.6%
Net Margin N/A -1227.2%-1175.7pp -51.5% N/A 574.7%+523.5pp 51.1%
Return on Equity N/A -11.1%-10.7pp -0.4% N/A N/A N/A
Return on Assets N/A -4.7%-4.5pp -0.2% N/A N/A N/A
Current Ratio 1.66-0.0 1.67-0.2 1.83-0.2 1.98 N/A N/A
Debt-to-Equity 1.37+0.0 1.35+0.2 1.11+0.2 0.94 N/A N/A
FCF Margin N/A -197.0% N/A N/A -289.7% N/A

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Frequently Asked Questions

DAXOR CORP (DXR) reported $1.4M in total revenue for fiscal year 2011. This represents a -8.4% 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.

DAXOR CORP (DXR) revenue declined by 8.4% year-over-year, from $1.6M to $1.4M in fiscal year 2011.

No, DAXOR CORP (DXR) reported a net income of -$7.2M in fiscal year 2011, with a net profit margin of -496.8%.

DAXOR CORP (DXR) had EBITDA of -$5.5M in fiscal year 2011, measuring earnings before interest, taxes, depreciation, and amortization.

DAXOR CORP (DXR) had a gross margin of 54.9% in fiscal year 2011, indicating the percentage of revenue retained after direct costs of goods sold.

DAXOR CORP (DXR) had an operating margin of -400.1% in fiscal year 2011, reflecting the profitability of core business operations before interest and taxes.

DAXOR CORP (DXR) had a net profit margin of -496.8% in fiscal year 2011, representing the share of revenue converted into profit after all expenses.

Yes, DAXOR CORP (DXR) paid $0.25 per share in dividends during fiscal year 2011.

DAXOR CORP (DXR) has a return on equity of -19.8% for fiscal year 2011, measuring how efficiently the company generates profit from shareholder equity.

DAXOR CORP (DXR) generated -$6.6M in free cash flow during fiscal year 2011. This represents a -10.3% 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.

DAXOR CORP (DXR) generated -$6.5M in operating cash flow during fiscal year 2011, representing cash generated from core business activities.

DAXOR CORP (DXR) had $85.7M in total assets as of fiscal year 2011, including both current and long-term assets.

DAXOR CORP (DXR) invested $123K in capital expenditures during fiscal year 2011, funding long-term assets and infrastructure.

DAXOR CORP (DXR) invested $2.7M in research and development during fiscal year 2011.

Yes, DAXOR CORP (DXR) spent $230K on share buybacks during fiscal year 2011, returning capital to shareholders by reducing shares outstanding.

DAXOR CORP (DXR) had 4M shares outstanding as of fiscal year 2011.

DAXOR CORP (DXR) had a current ratio of 1.66 as of fiscal year 2011, which is generally considered healthy.

DAXOR CORP (DXR) had a debt-to-equity ratio of 1.37 as of fiscal year 2011, measuring the company's financial leverage by comparing total debt to shareholder equity.

DAXOR CORP (DXR) had a return on assets of -8.4% for fiscal year 2011, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2011 data, DAXOR CORP (DXR) had $60K in cash against an annual operating cash burn of $6.5M. This gives an estimated cash runway of approximately 0 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.

DAXOR CORP (DXR) has an Altman Z-Score of 1.40, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

DAXOR CORP (DXR) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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.

DAXOR CORP (DXR) has an earnings quality ratio of 0.91x, 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.

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