Endexx Corp Financials
Financial Health Signals
Endexx Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Endexx Corp generates $0.43 in operating cash flow (-$2.1M OCF vs -$4.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Endexx Corp earns $-3.2 in operating income for every $1 of interest expense (-$3.9M vs $1.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Endexx Corp (EDXC) 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).
Key Financial Metrics
Endexx Corp generated $2.1M in revenue in fiscal year 2022. This represents an increase of 228.7% from the prior year.
Endexx Corp's EBITDA was -$3.9M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 27.2% from the prior year.
Endexx Corp reported -$4.9M in net income in fiscal year 2022. This represents an increase of 28.3% from the prior year.
Endexx Corp held $657K in cash against $0 in long-term debt as of fiscal year 2022.
Endexx Corp had 501M shares outstanding in fiscal year 2022. This represents an increase of 8.4% from the prior year.
Endexx Corp's gross margin was 55.8% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 108.7 percentage points from the prior year.
Endexx Corp's operating margin was -183.2% in fiscal year 2022, reflecting core business profitability. This is up 642.5 percentage points from the prior year.
Endexx Corp's net profit margin was -228.5% in fiscal year 2022, showing the share of revenue converted to profit. This is up 818.1 percentage points from the prior year.
Endexx Corp invested $27K in research and development in fiscal year 2022. This represents an increase of 166.8% from the prior year.
EDXC Income Statement
| Metric | Q3'23 | Q2'23 | Q1'22 | Q3'22 | Q2'22 | Q1'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $119K-95.8% | $2.8M+476.4% | $492K+17.6% | $418K+64.2% | $255K-7.2% | $275K+127.3% | $121K-17.5% | $147K |
| Cost of Revenue | $114K-95.3% | $2.4M+581.9% | $358K+69.3% | $211K+167.7% | $79K-69.4% | $258K-32.9% | $385K+33.3% | $289K |
| Gross Profit | $4K-99.0% | $394K+194.5% | $134K-35.3% | $207K+17.7% | $176K+981.1% | $16K+106.2% | -$264K-53.7% | -$172K |
| R&D Expenses | $700-52.9% | $1K-51.4% | $3K+11.8% | $3K-83.5% | $17K+605.5% | $2K-35.4% | $4K+857.1% | $380 |
| SG&A Expenses | $180K-40.6% | $303K-24.0% | $399K+134.8% | $170K-16.1% | $202K-20.5% | $255K+15.6% | $220K-15.2% | $260K |
| Operating Income | -$750K-79.9% | -$417K+65.1% | -$1.2M-89.0% | -$633K-9.9% | -$576K+59.6% | -$1.4M+32.2% | -$2.1M-131.6% | -$907K |
| Interest Expense | $327K+20.7% | $271K-10.9% | $304K-32.5% | $450K+90.7% | $236K-2.5% | $242K+5.9% | $229K+1.9% | $224K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.8M-28.8% | -$1.4M-139.2% | -$597K+94.7% | -$11.2M-303.4% | -$2.8M-68.7% | -$1.6M+31.6% | -$2.4M-70.3% | -$1.4M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EDXC Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'22 | Q3'22 | Q2'22 | Q1'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.2M-4.1% | $12.7M-1.8% | $12.9M-2.7% | $13.3M+650.8% | $1.8M-8.0% | $1.9M+9.2% | $1.8M-24.5% | $2.3M |
| Current Assets | $2.3M-18.6% | $2.8M-7.6% | $3.0M-10.6% | $3.4M+217.4% | $1.1M-11.5% | $1.2M+16.1% | $1.0M-35.3% | $1.6M |
| Cash & Equivalents | $24K-84.7% | $155K+2232.8% | $7K-99.0% | $657K+2370.9% | $27K-86.1% | $192K+819.1% | $21K-72.9% | $77K |
| Inventory | $587K-9.0% | $645K-11.7% | $731K-6.1% | $778K-18.3% | $952K+5.9% | $899K-2.3% | $921K+7.6% | $856K |
| Accounts Receivable | $449K-43.2% | $791K+6578.8% | $12K-97.9% | $570K+881.0% | $58K-31.0% | $84K+65.9% | $51K-44.9% | $92K |
| Goodwill | $9.8M0.0% | $9.8M0.0% | $9.8M0.0% | $9.8M | N/A | N/A | N/A | N/A |
| Total Liabilities | $26.1M+5.8% | $24.7M+5.0% | $23.5M+2.2% | $23.0M+49.3% | $15.4M+20.6% | $12.8M+8.6% | $11.7M-7.5% | $12.7M |
| Current Liabilities | $25.3M+24.4% | $20.4M+8.0% | $18.9M+2.6% | $18.4M+21.5% | $15.1M+21.0% | $12.5M+8.8% | $11.5M-6.4% | $12.3M |
| Long-Term Debt | $20.0M+1.0% | $19.8M+2.7% | $19.2M | N/A | N/A | N/A | $8.1M+15.9% | $7.0M |
| Total Equity | -$14.9M-13.4% | -$13.2M-11.1% | -$11.8M-3.6% | -$11.4M+16.0% | -$13.6M-25.6% | -$10.8M-8.5% | -$10.0M+3.7% | -$10.4M |
| Retained Earnings | -$48.3M-4.0% | -$46.4M-3.2% | -$45.0M-1.3% | -$44.4M-1.0% | -$43.9M-6.8% | -$41.2M-4.2% | -$39.5M-12.2% | -$35.2M |
EDXC Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'22 | Q3'22 | Q2'22 | Q1'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$267K-152.9% | $504K+137.4% | -$1.3M-56.2% | -$861K-392.8% | -$175K+81.5% | -$946K-64.2% | -$576K+32.3% | -$851K |
| 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 | -$583K | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $135K+138.1% | -$355K-151.1% | $695K-66.8% | $2.1M | $0-100.0% | $1.1M+94.2% | $575K-33.6% | $865K |
| 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 |
EDXC Financial Ratios
| Metric | Q3'23 | Q2'23 | Q1'22 | Q3'22 | Q2'22 | Q1'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 3.5%-10.4pp | 13.9%-13.3pp | 27.2%-22.2pp | 49.5%-19.5pp | 69.0%+63.1pp | 5.9%+224.7pp | -218.8%-101.4pp | -117.3% |
| Operating Margin | -632.6%-617.8pp | -14.7%+228.6pp | -243.3%-91.9pp | -151.4%+74.8pp | -226.1%+292.4pp | -518.6%+1220.6pp | -1739.1%-1119.9pp | -619.3% |
| Net Margin | -1550.6%-1500.2pp | -50.4%+71.0pp | -121.4%+2559.8pp | -2681.2%-1590.0pp | -1091.2%-491.3pp | -599.9%+1392.2pp | -1992.1%-1027.4pp | -964.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -15.1%-3.9pp | -11.3%-6.6pp | -4.6%+730.6pp | -735.3%-578.1pp | -157.1%-71.4pp | -85.7%+50.6pp | -136.3%-75.7pp | -60.6% |
| Current Ratio | 0.09-0.0 | 0.14-0.0 | 0.16-0.0 | 0.18+0.1 | 0.07-0.0 | 0.100.0 | 0.09-0.0 | 0.13 |
| Debt-to-Equity | -1.34+0.2 | -1.50+0.1 | -1.62+0.4 | -2.01-0.9 | -1.13+0.0 | -1.180.0 | -1.18-0.5 | -0.67 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$11.4M), 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 (0.18), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Endexx Corp's annual revenue?
Endexx Corp (EDXC) reported $2.1M in total revenue for fiscal year 2022. This represents a 228.7% 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 Endexx Corp's revenue growing?
Endexx Corp (EDXC) revenue grew by 228.7% year-over-year, from $651K to $2.1M in fiscal year 2022.
Is Endexx Corp profitable?
No, Endexx Corp (EDXC) reported a net income of -$4.9M in fiscal year 2022, with a net profit margin of -228.5%.
What is Endexx Corp's EBITDA?
Endexx Corp (EDXC) had EBITDA of -$3.9M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
What is Endexx Corp's gross margin?
Endexx Corp (EDXC) had a gross margin of 55.8% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Endexx Corp's operating margin?
Endexx Corp (EDXC) had an operating margin of -183.2% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Endexx Corp's net profit margin?
Endexx Corp (EDXC) had a net profit margin of -228.5% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Endexx Corp's operating cash flow?
Endexx Corp (EDXC) generated -$2.1M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Endexx Corp's total assets?
Endexx Corp (EDXC) had $13.3M in total assets as of fiscal year 2022, including both current and long-term assets.
How much does Endexx Corp spend on research and development?
Endexx Corp (EDXC) invested $27K in research and development during fiscal year 2022.
How many shares does Endexx Corp have outstanding?
Endexx Corp (EDXC) had 501M shares outstanding as of fiscal year 2022.
What is Endexx Corp's current ratio?
Endexx Corp (EDXC) had a current ratio of 0.18 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Endexx Corp's debt-to-equity ratio?
Endexx Corp (EDXC) had a debt-to-equity ratio of -2.01 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Endexx Corp's return on assets (ROA)?
Endexx Corp (EDXC) had a return on assets of -36.8% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Endexx Corp's cash runway?
Based on fiscal year 2022 data, Endexx Corp (EDXC) had $657K in cash against an annual operating cash burn of $2.1M. This gives an estimated cash runway of approximately 4 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 Endexx Corp's debt-to-equity ratio negative or unusual?
Endexx Corp (EDXC) has negative shareholder equity of -$11.4M as of fiscal year 2022, 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 Endexx Corp's Piotroski F-Score?
Endexx Corp (EDXC) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Endexx Corp's earnings high quality?
Endexx Corp (EDXC) has an earnings quality ratio of 0.43x, 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.
Can Endexx Corp cover its interest payments?
Endexx Corp (EDXC) has an interest coverage ratio of -3.2x, meaning it can struggle to cover its interest obligations. 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.