Eco Innovation Group Inc Financials

ECOX

Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2022 Currency USD FYE December

This page shows Eco Innovation Group Inc (ECOX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 ECOX FY2021 2026-04-22

Eco Innovation Group’s economic bottleneck is not product margin but a liability-heavy balance sheet overwhelming a very small operating base.

In FY2021, gross margin reached 45.4% on only $96K of revenue, suggesting the core sale could produce gross profit but not enough volume to carry the company structure around it. The bigger constraint is balance-sheet scale mismatch: liabilities were $4.7M and the current ratio was 0.03x, so obligations look sized for a much larger enterprise than the present level of activity.

Unit economics and corporate cost load are telling different stories. Gross profit of $44K covered only a small slice of selling and administrative expense at $465K, implying the drag is mainly overhead and that the organization is carrying far more fixed burden than its current commercial throughput can support.

Financing rather than operations is supplying day-to-day funding, and negative equity of -$4.3M shows outside claims already dominate the capital structure. Operating cash flow was -$477K while financing cash flow brought in $506K, a hand-to-mouth pattern that explains why reported assets do not translate into much liquidity cushion.

Financial Health Signals

Financial health score pending refresh

We are recalculating Eco Innovation Group Inc'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.

Key Financial Metrics

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Earnings & Revenue

Revenue

$96K

Eco Innovation Group Inc generated $96K in revenue in fiscal year 2021.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$29K

YoY+33869.0%

Eco Innovation Group Inc held $29K in cash against $0 in long-term debt as of fiscal year 2021.

Dividends Per Share

N/A

Shares Outstanding

196M

YoY+40.0%

Eco Innovation Group Inc had 196M shares outstanding in fiscal year 2021. This represents an increase of 40.0% from the prior year.

Margins & Returns

Gross Margin

45.4%

Eco Innovation Group Inc's gross margin was 45.4% in fiscal year 2021, indicating the percentage of revenue retained after direct costs.

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

ECOX Income Statement

Metric	FY21	FY20	FY19
Revenue	$96K	$0	$0
Cost of Revenue	$52K	$0	$0
Gross Profit	$44K	$0	$0
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$465K+148.7%	$187K	N/A
Operating Income	N/A	-$3.8M	N/A
Interest Expense	$702K+1410.3%	$46K+614.9%	$6K
Income Tax	N/A	$0	$0
Net Income	N/A	-$3.9M	N/A
EPS (Diluted)	N/A	N/A	N/A

Metric	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20
Revenue	$191K-38.5%	$311K+166.8%	$117K	N/A	$0	N/A	$0	N/A
Cost of Revenue	$133K-53.9%	$289K+103.2%	$142K	N/A	N/A	N/A	$0	N/A
Gross Profit	$58K+162.9%	$22K+185.8%	-$26K	N/A	N/A	N/A	$0	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$197K+12.2%	$176K+29.6%	$135K	N/A	$245K+210.6%	$79K+24.2%	$64K	N/A
Operating Income	-$246K+30.3%	-$353K-24.3%	-$284K	N/A	-$447K-63.0%	-$274K+64.2%	-$765K	N/A
Interest Expense	$105K-54.4%	$231K-38.1%	$373K	N/A	$111K-82.4%	$628K+2422.1%	$25K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$327K-83.3%	$2.0M	N/A	N/A	-$638K+34.7%	-$977K-24.9%	-$783K	N/A
EPS (Diluted)	$0.00	$0.00	N/A	N/A	$0.00+100.0%	$-0.01	N/A	N/A

ECOX Balance Sheet

Metric	FY21	FY20	FY19
Total Assets	$373K-64.7%	$1.1M+12731.5%	$8K
Current Assets	$144K+171422.6%	$84-65.9%	$246
Cash & Equivalents	$29K+33869.0%	$84-65.9%	$246
Inventory	N/A	N/A	N/A
Accounts Receivable	$33K	$0	$0
Goodwill	$103K	N/A	N/A
Total Liabilities	$4.7M+719.9%	$568K+539.9%	$89K
Current Liabilities	$4.7M+719.9%	$568K	N/A
Long-Term Debt	N/A	N/A	N/A
Total Equity	-$4.3M-977.9%	$491K+709.7%	-$80K
Retained Earnings	-$12.6M-111.3%	-$6.0M-183.8%	-$2.1M

Metric	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20
Total Assets	$454K-29.1%	$640K+62.4%	$394K+5.7%	$373K-82.2%	$2.1M+0.8%	$2.1M+10.6%	$1.9M+77.6%	$1.1M
Current Assets	$291K-38.2%	$471K+138.1%	$198K+37.3%	$144K+112.6%	$68K+14.7%	$59K-65.5%	$171K+203920.2%	$84
Cash & Equivalents	$15K-31.4%	$22K-30.9%	$33K+13.9%	$29K+202.3%	$9K+1187.6%	$733-99.2%	$88K+104714.3%	$84
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$53K-80.9%	$276K+232.6%	$83K+151.0%	$33K	N/A	N/A	N/A	$0
Goodwill	$103K0.0%	$103K0.0%	$103K0.0%	$103K	N/A	N/A	N/A	N/A
Total Liabilities	$4.3M-15.2%	$5.1M-39.0%	$8.4M+80.2%	$4.7M+90.9%	$2.4M+10.6%	$2.2M+111.7%	$1.0M+83.5%	$568K
Current Liabilities	$4.3M-15.2%	$5.1M-39.0%	$8.4M+80.2%	$4.7M+90.9%	$2.4M+10.6%	$2.2M+111.7%	$1.0M+83.5%	$568K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$3.9M+13.2%	-$4.5M+44.0%	-$8.0M-85.9%	-$4.3M-1153.3%	-$344K-172.0%	-$126K-115.1%	$838K+70.8%	$491K
Retained Earnings	-$14.8M+2.2%	-$15.2M+11.4%	-$17.1M-35.9%	-$12.6M-50.7%	-$8.4M-8.3%	-$7.7M-14.5%	-$6.7M-13.1%	-$6.0M

ECOX Cash Flow Statement

Metric	FY21	FY20	FY19
Operating Cash Flow	-$477K-750.6%	-$56K	N/A
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	N/A	$0	N/A
Financing Cash Flow	$506K+804.0%	$56K+39.8%	$40K
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20
Operating Cash Flow	-$38K+85.8%	-$271K-19.2%	-$227K-113.6%	-$106K+22.2%	-$137K+12.0%	-$155K-97.9%	-$79K-373.8%	-$17K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	-$7K+88.8%	-$62K	$0	N/A
Financing Cash Flow	$32K-87.7%	$262K+15.7%	$226K+297.5%	$57K-62.7%	$152K+17.3%	$130K-22.0%	$167K	$0
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

ECOX Financial Ratios

Metric	FY21	FY20	FY19
Gross Margin	45.4%	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	N/A	-794.4%	N/A
Return on Assets	N/A	-368.3%	N/A
Current Ratio	0.03+0.0	0.00	N/A
Debt-to-Equity	-1.08-2.2	1.16+2.3	-1.10
FCF Margin	N/A	N/A	N/A

Metric	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20
Gross Margin	30.3%+23.2pp	7.1%+29.1pp	-22.0%	N/A	N/A	N/A	N/A	N/A
Operating Margin	-128.5%-15.2pp	-113.4%+129.9pp	-243.3%	N/A	N/A	N/A	N/A	N/A
Net Margin	170.8%-456.7pp	627.5%	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	-93.4%	N/A
Return on Assets	71.9%-233.0pp	304.8%	N/A	N/A	-30.5%+16.6pp	-47.0%-5.4pp	-41.6%	N/A
Current Ratio	0.07-0.0	0.09+0.1	0.020.0	0.030.0	0.030.0	0.03-0.1	0.16+0.2	0.00
Debt-to-Equity	-1.11+0.0	-1.14-0.1	-1.05+0.0	-1.08+6.0	-7.09+10.4	-17.46-18.7	1.24+0.1	1.16
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$4.3M), 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 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Eco Innovation Group Inc's annual revenue?

Eco Innovation Group Inc (ECOX) reported $96K in total revenue for fiscal year 2021. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

What is Eco Innovation Group Inc's gross margin?

Eco Innovation Group Inc (ECOX) had a gross margin of 45.4% in fiscal year 2021, indicating the percentage of revenue retained after direct costs of goods sold.

What is Eco Innovation Group Inc's operating cash flow?

Eco Innovation Group Inc (ECOX) generated -$477K in operating cash flow during fiscal year 2021, representing cash generated from core business activities.

What are Eco Innovation Group Inc's total assets?

Eco Innovation Group Inc (ECOX) had $373K in total assets as of fiscal year 2021, including both current and long-term assets.

How many shares does Eco Innovation Group Inc have outstanding?

Eco Innovation Group Inc (ECOX) had 196M shares outstanding as of fiscal year 2021.

What is Eco Innovation Group Inc's current ratio?

Eco Innovation Group Inc (ECOX) had a current ratio of 0.03 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.

What is Eco Innovation Group Inc's debt-to-equity ratio?

Eco Innovation Group Inc (ECOX) had a debt-to-equity ratio of -1.08 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Eco Innovation Group Inc's cash runway?

Based on fiscal year 2021 data, Eco Innovation Group Inc (ECOX) had $29K in cash against an annual operating cash burn of $477K. 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 Eco Innovation Group Inc's debt-to-equity ratio negative or unusual?

Eco Innovation Group Inc (ECOX) has negative shareholder equity of -$4.3M as of fiscal year 2021, 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.