Encision Financials
Encision (ECIA) reported $6.6M in revenue for fiscal year 2025, down 0.5% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Margin recovery is reducing losses, but liquidity still depends on inventory and receivables rather than a large cash buffer.
With revenue essentially unchanged in FY2025, gross margin still rebounded to53.6% from47.6% . The much smaller operating loss of-$172K versus-$641K points to a cost-structure or mix improvement rather than higher volume, though that improvement did not fully reach cash because operating cash flow remained slightly negative.
The balance sheet is not cash-rich: only
This is also a low-capex business, with capital spending of just
Financial Health Signals
Encision does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Encision scores -6.50, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($715K) relative to total liabilities ($2.0M). 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.
Encision passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Encision reported a net loss of $220K while operations used $55K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Encision reported an operating loss of $172K against $44K 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
Encision generated $6.6M in revenue in fiscal year 2025. This represents a decrease of 0.5% from the prior year.
Encision's EBITDA was -$91K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 83.7% from the prior year.
Encision reported -$220K in net income in fiscal year 2025. This represents an increase of 68.2% from the prior year.
Encision earned -$0.02 per diluted share (EPS) in fiscal year 2025. This represents an increase of 66.7% from the prior year.
Cash & Balance Sheet
Encision recorded an outflow of $109K in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 182.6% from the prior year.
Encision held $257K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Encision's gross margin was 53.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 5.9 percentage points from the prior year.
Encision's operating margin was -2.6% in fiscal year 2025, reflecting core business profitability. This is up 7.1 percentage points from the prior year.
Encision's net profit margin was -3.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 7.1 percentage points from the prior year.
Encision's ROE was -13.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 24.5 percentage points from the prior year.
Capital Allocation
Encision invested $593K in research and development in fiscal year 2025. This represents a decrease of 4.6% from the prior year.
Encision invested $54K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 351.6% from the prior year.
Not reported for fiscal year 2025.
ECIA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.3M | $6.6M-0.5% | $6.6M-10.4% | $7.3M-4.2% | $7.7M+1.7% | $7.5M-1.7% | $7.7M-12.9% | $8.8M+0.6% | $8.8M-1.3% | $8.9M-5.0% | $9.3M-3.5% | $9.7M-8.3% | $10.5M-10.4% | $11.8M-9.4% | $13.0M+11.8% | $11.6M |
| Cost of Revenue | $3.0M | $3.0M-11.8% | $3.4M+4.0% | $3.3M-14.5% | $3.9M+6.8% | $3.6M-0.9% | $3.7M-11.2% | $4.1M+10.2% | $3.7M-16.1% | $4.5M-6.2% | $4.8M-4.4% | $5.0M-19.3% | $6.2M+17.9% | $5.2M-12.3% | $6.0M+35.4% | $4.4M |
| Gross Profit | $3.3M | $3.5M+12.0% | $3.1M-22.2% | $4.0M+6.4% | $3.8M-3.0% | $3.9M-2.5% | $4.0M-14.3% | $4.7M-6.7% | $5.0M+13.7% | $4.4M-3.7% | $4.6M-2.5% | $4.7M+7.2% | $4.4M-33.0% | $6.5M-7.0% | $7.0M-2.6% | $7.2M |
| R&D Expenses | $665K | $593K-4.6% | $622K-23.8% | $816K-11.1% | $918K+61.2% | $570K-23.9% | $748K-4.0% | $779K-7.4% | $842K-25.3% | $1.1M-9.9% | $1.2M-6.9% | $1.3M-4.6% | $1.4M-19.9% | $1.8M+30.1% | $1.3M-7.8% | $1.5M |
| SG&A Expenses | $1.4M | $1.4M-7.9% | $1.5M+2.3% | $1.5M+7.7% | $1.4M+0.3% | $1.4M+4.5% | $1.3M+0.2% | $1.3M-9.7% | $1.5M+0.1% | $1.5M-1.4% | $1.5M-8.6% | $1.6M+5.4% | $1.5M-10.5% | $1.7M-5.9% | $1.8M+24.8% | $1.5M |
| Operating Income | -$320K | -$172K+73.2% | -$641K-111.6% | -$303K+49.1% | -$595K-865.2% | -$62K+60.6% | -$156K+16.1% | -$186K-147.1% | $396K+157.5% | -$688K+2.8% | -$708K+40.2% | -$1.2M+21.6% | -$1.5M-175.0% | -$550K-16.3% | -$472K-1043.2% | $50K |
| Interest Expense | $56K | $44K-29.9% | $62K+219.4% | $20K+170.3% | $7K-91.7% | $87K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A |
| Net Income | -$381K | -$220K+68.2% | -$692K-113.5% | -$324K-393.9% | -$66K-111.2% | $585K+394.9% | -$198K+16.0% | -$236K-170.4% | $336K+146.0% | -$729K+17.1% | -$880K+36.3% | -$1.4M+22.4% | -$1.8M-189.4% | -$616K-16.0% | -$531K-11726.9% | $5K |
| EPS (Diluted) | — | -$0.02+66.7% | -$0.06-100.0% | -$0.03 | -$0.01 | N/A | N/A | N/A | $0.03+142.9% | -$0.07 | N/A | N/A | N/A | N/A | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ECIA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.7M-3.7% | $3.8M-7.8% | $4.1M-13.7% | $4.8M-15.3% | $5.7M+19.5% | $4.7M+38.2% | $3.4M+5.4% | $3.3M+6.1% | $3.1M-19.5% | $3.8M-19.4% | $4.7M-23.9% | $6.2M+3.8% | $6.0M-6.6% | $6.4M+18.4% | $5.4M |
| Current Assets | $2.6M+7.7% | $2.4M-22.3% | $3.1M-13.2% | $3.6M-12.1% | $4.1M+38.2% | $3.0M+1.9% | $2.9M+11.3% | $2.6M+12.3% | $2.3M-21.9% | $3.0M-18.8% | $3.7M-24.2% | $4.8M+17.9% | $4.1M-8.9% | $4.5M+13.9% | $4.0M |
| Cash & Equivalents | $257K+505.6% | $43K-77.5% | $189K-80.1% | $950K-35.6% | $1.5M+282.8% | $385K+40.9% | $273K+138.7% | $115K+153.9% | $45K-84.6% | $293K+13.2% | $259K-84.7% | $1.7M+1238.6% | $126K-77.6% | $565K+370.5% | $120K |
| Inventory | $1.5M+5.8% | $1.4M-26.2% | $1.9M+19.9% | $1.6M+9.6% | $1.4M-11.1% | $1.6M+10.4% | $1.5M+2.5% | $1.4M+27.4% | $1.1M-34.8% | $1.7M-26.0% | $2.3M+5.1% | $2.2M-24.1% | $2.9M+17.7% | $2.5M-4.4% | $2.6M |
| Accounts Receivable | $786K-11.7% | $891K-3.2% | $921K-2.8% | $948K-7.5% | $1.0M+16.2% | $881K-12.7% | $1.0M+4.8% | $963K-7.6% | $1.0M+24.1% | $840K-13.0% | $965K+11.8% | $863K-12.4% | $986K-31.0% | $1.4M+23.1% | $1.2M |
| Total Liabilities | $2.0M+1.8% | $2.0M+21.0% | $1.6M-19.9% | $2.0M-28.4% | $2.9M+11.9% | $2.6M+137.2% | $1.1M+2.6% | $1.0M-17.1% | $1.3M-6.2% | $1.3M-7.5% | $1.5M-10.2% | $1.6M+2.2% | $1.6M-5.0% | $1.7M+0.9% | $1.7M |
| Current Liabilities | $1.6M+47.5% | $1.1M-5.5% | $1.1M-11.4% | $1.3M+8.5% | $1.2M-16.5% | $1.4M+40.7% | $1.0M-3.6% | $1.0M-15.1% | $1.2M-4.2% | $1.3M-1.2% | $1.3M-10.0% | $1.4M-9.6% | $1.6M-5.0% | $1.7M+0.9% | $1.7M |
| Total Equity | $1.7M-9.6% | $1.8M-26.8% | $2.5M-9.1% | $2.7M-2.0% | $2.8M+28.3% | $2.2M-7.1% | $2.4M+6.7% | $2.2M+22.3% | $1.8M-26.8% | $2.5M-24.7% | $3.3M-28.8% | $4.6M+4.4% | $4.4M-7.2% | $4.7M+26.2% | $3.8M |
| Retained Earnings | -$22.8M-1.0% | -$22.5M-3.2% | -$21.9M-1.5% | -$21.5M-0.3% | -$21.5M+2.7% | -$22.0M-0.9% | -$21.9M-1.1% | -$21.6M+1.5% | -$21.9M-3.4% | -$21.2M-4.3% | -$20.3M-7.3% | -$19.0M-10.4% | -$17.2M-3.7% | -$16.6M-3.3% | -$16.0M |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
ECIA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$490K | -$55K-138.1% | $144K+116.8% | -$861K-93.8% | -$444K-302.1% | $220K+195.8% | -$229K-80.4% | -$127K-130.3% | $419K+1732.6% | $23K+113.8% | -$166K+88.4% | -$1.4M-1388.4% | $111K+135.2% | -$316K-297.8% | $160K-18.6% | $196K |
| Capital Expenditures | $55K | $54K+351.6% | $12K-93.0% | $173K+887.3% | $18K-41.5% | $30K-37.9% | $48K-12.5% | $55K-2.3% | $57K-46.3% | $105K+36.6% | $77K+159.7% | $30K-93.0% | $422K+40.0% | $301K-57.0% | $702K+163.1% | $267K |
| Free Cash Flow | -$559K | -$109K-182.6% | $132K+112.8% | -$1.0M-124.0% | -$462K-343.2% | $190K+168.4% | -$278K-52.2% | -$182K-150.3% | $363K+540.0% | -$82K+66.1% | -$243K+83.4% | -$1.5M-370.8% | -$311K+49.7% | -$617K-13.9% | -$542K-668.3% | -$71K |
| Investing Cash Flow | -$75K | -$80K-117.3% | -$37K+79.9% | -$183K-417.8% | -$35K+21.7% | -$45K+16.7% | -$54K+10.8% | -$61K+39.2% | -$100K+24.9% | -$133K | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $407K | $350K+237.7% | -$254K-189.4% | $284K+733.3% | -$45K-104.9% | $914K+146.8% | $370K+6.8% | $347K+238.7% | -$250K-81.9% | -$137K | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
ECIA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.6%+5.9pp | 47.6%-7.3pp | 54.9%+5.5pp | 49.4%-2.4pp | 51.8%-0.4pp | 52.2%-0.9pp | 53.1%-4.1pp | 57.2%+7.5pp | 49.7%+0.6pp | 49.0%+0.5pp | 48.5%+7.0pp | 41.5%-14.0pp | 55.5%+1.4pp | 54.1%-8.0pp | 62.1% |
| Operating Margin | -2.6%+7.1pp | -9.7%-5.6pp | -4.1%+3.6pp | -7.8%-6.9pp | -0.8%+1.2pp | -2.0%+0.1pp | -2.1%-6.6pp | 4.5%+12.3pp | -7.8%-0.2pp | -7.6%+4.7pp | -12.3%+2.1pp | -14.3%-9.7pp | -4.7%-1.0pp | -3.6%-4.1pp | 0.4% |
| Net Margin | -3.4%+7.1pp | -10.5%-6.1pp | -4.4%-3.6pp | -0.9%-8.6pp | 7.8%+10.4pp | -2.6%+0.1pp | -2.7%-6.5pp | 3.8%+12.0pp | -8.2%+1.2pp | -9.4%+4.9pp | -14.3%+2.6pp | -16.9%-11.7pp | -5.2%-1.1pp | -4.1%-4.1pp | 0.0% |
| Return on Equity | -13.3%+24.5pp | -37.9%-24.9pp | -13.0%-10.6pp | -2.4%-23.3pp | 20.9%+29.9pp | -9.1%+1.0pp | -10.0%-25.3pp | 15.2%+55.7pp | -40.5%-4.7pp | -35.8%+6.6pp | -42.3%-3.5pp | -38.8%-24.8pp | -14.0%-2.8pp | -11.2%-11.3pp | 0.1% |
| Return on Assets | -6.0%+12.2pp | -18.1%-10.3pp | -7.8%-6.5pp | -1.4%-11.7pp | 10.3%+14.5pp | -4.2%+2.7pp | -6.9%-17.2pp | 10.3%+34.1pp | -23.8%-0.7pp | -23.1%+6.2pp | -29.3%-0.6pp | -28.7%-18.4pp | -10.3%-2.0pp | -8.3%-8.4pp | 0.1% |
| Current Ratio | 1.66-0.6x | 2.27-0.5x | 2.76-0.1x | 2.82-0.7x | 3.48+1.4x | 2.10-0.8x | 2.91+0.4x | 2.52+0.6x | 1.90-0.4x | 2.33-0.5x | 2.84-0.5x | 3.37+0.8x | 2.59-0.1x | 2.70+0.3x | 2.39 |
| Debt-to-Equity | 1.22+0.1x | 1.09+0.4x | 0.66-0.1x | 0.75-0.3x | 1.02-0.1x | 1.17+0.7x | 0.460.0x | 0.48-0.2x | 0.70+0.2x | 0.55+0.1x | 0.45+0.1x | 0.350.0x | 0.360.0x | 0.35-0.1x | 0.44 |
| FCF Margin | -1.7%-3.7pp | 2.0%+16.1pp | -14.1%-8.1pp | -6.0%-8.5pp | 2.5%+6.1pp | -3.6%-1.6pp | -2.1%-6.2pp | 4.2%+5.1pp | -0.9%+1.7pp | -2.6%+12.5pp | -15.1%-12.2pp | -2.9%+2.3pp | -5.3%-1.1pp | -4.2%-3.6pp | -0.6% |
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Where Encision Ranks
Frequently Asked Questions
What is Encision's annual revenue?
Encision (ECIA) reported $6.6M in total revenue for fiscal year 2025. This represents a -0.5% 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 Encision's revenue growing?
Encision (ECIA) revenue declined by 0.5% year-over-year, from $6.6M to $6.6M in fiscal year 2025.
Is Encision profitable?
No, Encision (ECIA) reported a net income of -$220K in fiscal year 2025, with a net profit margin of -3.4%.
What is Encision's EBITDA?
Encision (ECIA) had EBITDA of -$91K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Encision's gross margin?
Encision (ECIA) had a gross margin of 53.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Encision's operating margin?
Encision (ECIA) had an operating margin of -2.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Encision's net profit margin?
Encision (ECIA) had a net profit margin of -3.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Encision's return on equity (ROE)?
Encision (ECIA) has a return on equity of -13.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Encision's free cash flow?
Encision (ECIA) recorded an outflow of $109K in free cash flow during fiscal year 2025. This represents a -182.6% 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 Encision's operating cash flow?
Encision (ECIA) recorded an outflow of $55K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Encision's total assets?
Encision (ECIA) had $3.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Encision's capital expenditures?
Encision (ECIA) invested $54K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Encision spend on research and development?
Encision (ECIA) invested $593K in research and development during fiscal year 2025.
What is Encision's current ratio?
Encision (ECIA) had a current ratio of 1.66 as of fiscal year 2025, which is generally considered healthy.
What is Encision's debt-to-equity ratio?
Encision (ECIA) had a debt-to-equity ratio of 1.22 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Encision's return on assets (ROA)?
Encision (ECIA) had a return on assets of -6.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Encision's cash runway?
Based on fiscal year 2025 data, Encision (ECIA) had $257K in cash against an annual operating cash burn of $55K. This gives an estimated cash runway of approximately 56 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.
What is Encision's Altman Z-Score?
Encision (ECIA) has an Altman Z-Score of -6.50, 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.
What is Encision's Piotroski F-Score?
Encision (ECIA) has a Piotroski F-Score of 4 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.
Are Encision's earnings high quality?
Encision (ECIA) reported a net loss of $220K while operations used $55K of cash. With neither figure positive, 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.
Can Encision cover its interest payments?
Encision (ECIA) reported an operating loss of $172K against $44K 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.