Eco Innovation Group Inc Financials
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).
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 reached45.4% 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
Financing rather than operations is supplying day-to-day funding, and negative equity of
Financial Health Signals
Based on FY2021 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Eco Innovation Group Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Eco Innovation Group Inc carries a low D/E ratio of -1.08, meaning only $-1.08 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.
Eco Innovation Group Inc's current ratio of 0.03 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Eco Innovation Group Inc passes 2 of 9 financial strength tests. No profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Key Financial Metrics
Earnings & Revenue
Eco Innovation Group Inc generated $96K in revenue in fiscal year 2021.
Cash & Balance Sheet
Eco Innovation Group Inc held $29K in cash against $0 in long-term debt as of fiscal year 2021.
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
Eco Innovation Group Inc's gross margin was 45.4% in fiscal year 2021, indicating the percentage of revenue retained after direct costs.
Capital Allocation
ECOX Income Statement
| 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 | 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 | 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 | 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.
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.
What is Eco Innovation Group Inc's Piotroski F-Score?
Eco Innovation Group Inc (ECOX) has a Piotroski F-Score of 2 out of 9, indicating weak 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
How financially healthy is Eco Innovation Group Inc?
Eco Innovation Group Inc (ECOX) scores 13 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.