DigiAsia Corp. (FAAS) Financials
Newest figures come from the 10-K for FY2023, filed Apr 16, 2024. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FAAS SEC filings page.
This page shows DigiAsia Corp. (FAAS) 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).
Financial Health Signals
DigiAsia Corp. 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.
DigiAsia Corp. passes 0 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
DigiAsia Corp. reported a net loss of $64K while operations used $688K of cash. With neither figure positive, the ratio between the two carries no quality signal.
DigiAsia Corp. reported an operating loss of $2.1M against $4K 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
None of these metrics is reported for Q4 2023.
Cash & Balance Sheet
DigiAsia Corp. held $105K in cash as of Q4 2023; long-term debt is not reported for that period.
Not reported for Q4 2023.
Not reported for Q4 2023.
Margins & Returns
None of these metrics is reported for Q4 2023.
Capital Allocation
DigiAsia Corp. repurchased no shares in Q4 2023. Against the prior quarter it is down 100.0%.
Not reported for Q4 2023.
Not reported for Q4 2023.
FAAS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | N/A | $417K+42.3% | $432K+193.7% | $423K+29.9% | N/A | $293K-29.0% | $147K | $326K+4291.5% |
| Operating Income | N/A | -$417K-42.3% | -$432K-193.7% | -$423K-29.9% | N/A | -$293K+29.0% | -$147K | -$326K-4291.5% |
| Interest Expense | N/A | $2K+109.3% | $537+388.2% | $749+5250.0% | N/A | $793+7830.0% | $110 | $14 |
| Net Income | N/A | -$49K-103.9% | $1.0M-75.7% | -$606K-119.3% | N/A | $1.2M-85.2% | $4.2M+57322.2% | $3.1M+42505.8% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
FAAS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $27.6M-86.6% | $27.1M-86.7% | $32.9M-83.8% | $32.2M-84.2% | $206.2M+1.5% | $203.7M+0.2% | $203.0M+91154.2% | $202.9M |
| Current Assets | $105K-60.9% | $127K-71.3% | $96K-85.1% | $172K-78.7% | $268K-73.0% | $443K-65.5% | $648K | $809K |
| Cash & Equivalents | $105K+12.3% | $124K-27.8% | $72K-75.5% | $37K-91.6% | $93K-86.1% | $172K-75.6% | $294K | $441K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $42.0M-80.7% | $40.5M-81.0% | $45.7M-78.5% | $45.2M-79.2% | $217.3M-1.4% | $213.4M-3.3% | $213.0M+103899.6% | $217.0M |
| Current Liabilities | $5.0M+175.5% | $4.0M+957.8% | $3.4M+1006.8% | $2.6M+542.6% | $1.8M+429.2% | $380K+47.2% | $306K+49.4% | $402K |
| Non-Current Liabilities | $37.1M-82.8% | $36.5M-82.9% | $42.4M-80.1% | $42.6M-80.3% | $215.5M-2.1% | $213.0M+1055.7% | $212.7M | $216.6M |
| Total Equity | -$14.4M-30.1% | -$13.4M-37.9% | -$12.8M-27.5% | -$13.0M+7.2% | -$11.1M+35.5% | -$9.7M+44.1% | -$10.1M-57348.5% | -$14.0M-79948.7% |
| Retained Earnings | -$14.4M-30.1% | -$13.4M-37.9% | -$12.8M-27.5% | -$13.0M+7.2% | -$11.1M+35.5% | -$9.7M+44.1% | -$10.1M-135544.0% | -$14.0M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
FAAS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2310-K | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M-2203.1% | $234K+291.6% | $635K+531.8% | $244K+206.0% | -$78K-237.8% | -$122K+85.4% | -$147K | -$230K |
| Investing Cash Flow | -$182K | $6.2M | -$450K | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $2.0M | -$6.4M | -$150K | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | $6.4M | $0 | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.
FAAS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$14.4M), 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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| DigiAsia Corp. FAAS | FY2023 | N/A | -$64K | N/A | $13.2M | — |
| Brand Engagement Network Inc. BNAI | FY2025 | $275K | -$8.6M | N/A | $60.3M | — |
| The OLB Group, Inc. OLB | FY2025 | $8.7M | -$5.9M | -67.7% | $6.8M | 18/100 |
| Bridgeline Digital Inc. BLIN | FY2025 | $15.4M | -$2.5M | -16.4% | $11.1M | 37/100 |
Where DigiAsia Corp. Ranks
Frequently Asked Questions
Is DigiAsia Corp. profitable?
No, DigiAsia Corp. (FAAS) reported a net income of -$64K in fiscal year 2023.
What is DigiAsia Corp.'s operating cash flow?
DigiAsia Corp. (FAAS) recorded an outflow of $688K in operating cash flow during fiscal year 2023, representing cash used by core business activities.
What are DigiAsia Corp.'s total assets?
DigiAsia Corp. (FAAS) had $27.6M in total assets as of fiscal year 2023, including both current and long-term assets.
What is DigiAsia Corp.'s current ratio?
DigiAsia Corp. (FAAS) had a current ratio of 0.02 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is DigiAsia Corp.'s return on assets (ROA)?
DigiAsia Corp. (FAAS) had a return on assets of -0.2% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
How does DigiAsia Corp.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, DigiAsia Corp. (FAAS) held $105K in cash, cash equivalents and investments, and reported an operating cash outflow of $688K over that year. Dividing the one by the other, the reported balance equals about 2 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is DigiAsia Corp.'s debt-to-equity ratio negative or not reported?
DigiAsia Corp. (FAAS) has negative shareholder equity of -$14.4M as of fiscal year 2023, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 DigiAsia Corp.'s Piotroski F-Score?
DigiAsia Corp. (FAAS) has a Piotroski F-Score of 0 out of 5 computable signals; 4 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 DigiAsia Corp.'s earnings high quality?
DigiAsia Corp. (FAAS) reported a net loss of $64K while operations used $688K 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 DigiAsia Corp. cover its interest payments?
DigiAsia Corp. (FAAS) reported an operating loss of $2.1M against $4K 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.