Financial Financials
This page shows Financial (FGCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Reported earnings are being driven more by non-cash balance-sheet resets than by the underlying operation, which still needs external funding.
In FY2021, net loss widened to-$7.4M even though operating cash flow was only-$487K . That gap lines up with goodwill falling from$8.5M in FY2020 to$3.2M , implying much of the reported loss came from balance-sheet write-downs rather than a matching jump in cash operating costs.
The company’s liquidity is tighter than its equity base suggests because a large share of assets is goodwill, not resources that can readily cover bills. In FY2021, goodwill was
The operating model showed better cost absorption as revenue reached
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 Financial'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.
Financial has an operating margin of -10.5%, meaning the company retains $-11 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -24.7% the prior year.
Financial's revenue surged 81.0% year-over-year to $6.7M, reflecting rapid business expansion. This strong growth earns a score of 80/100.
Financial carries a low D/E ratio of 1.02, meaning only $1.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
Financial's current ratio of 0.54 is below the typical benchmark, resulting in a score of 5/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Financial generated -$487K in operating cash flow, capex of $8K consumed most of it, leaving -$495K in free cash flow. This results in a low score of 5/100, reflecting heavy capital investment rather than weak cash generation.
Financial generates a -345.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -10.6% the prior year.
Financial passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Financial generates $0.07 in operating cash flow (-$487K OCF vs -$7.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Financial earns $-75.7 in operating income for every $1 of interest expense (-$702K vs $9K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Financial generated $6.7M in revenue in fiscal year 2021. This represents an increase of 81.0% from the prior year.
Financial's EBITDA was -$591K in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.7% from the prior year.
Financial reported -$7.4M in net income in fiscal year 2021. This represents a decrease of 837.6% from the prior year.
Cash & Balance Sheet
Financial generated -$495K in free cash flow in fiscal year 2021, representing cash available after capex. This represents an increase of 10.6% from the prior year.
Financial held $306K in cash against $0 in long-term debt as of fiscal year 2021.
Financial had 92M shares outstanding in fiscal year 2021. This represents an increase of 10.4% from the prior year.
Margins & Returns
Financial's gross margin was 0.0% in fiscal year 2021, indicating the percentage of revenue retained after direct costs. This is down 100.0 percentage points from the prior year.
Financial's operating margin was -10.5% in fiscal year 2021, reflecting core business profitability. This is up 14.2 percentage points from the prior year.
Financial's net profit margin was -111.2% in fiscal year 2021, showing the share of revenue converted to profit. This is down 89.8 percentage points from the prior year.
Financial's ROE was -345.0% in fiscal year 2021, measuring profit generated per dollar of shareholder equity. This is down 334.4 percentage points from the prior year.
Capital Allocation
Financial invested $8K in capex in fiscal year 2021, funding long-term assets and infrastructure. This represents an increase of 86.9% from the prior year.
FGCO Income Statement
| Metric | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.3M-14.5% | $1.6M-1.3% | $1.6M-0.7% | $1.6M-4.2% | $1.7M-0.3% | $1.7M-1.5% | $1.7M+19.2% | $1.4M |
| Cost of Revenue | N/A | N/A | N/A | $19K-34.1% | $29K+28.6% | $23K-36.2% | $36K+23.6% | $29K |
| Gross Profit | $1.2M-20.5% | $1.5M-6.3% | $1.6M+0.5% | $1.6M-5.3% | $1.7M-0.3% | $1.7M-1.5% | $1.7M | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.2M-8.6% | $1.3M-3.9% | $1.4M+464.0% | $241K-29.4% | $342K+54.5% | $221K-34.3% | $337K+5.3% | $320K |
| Operating Income | -$292K+26.6% | -$397K-443.2% | -$73K-550.2% | -$11K+97.2% | -$398K-282.1% | -$104K+44.6% | -$188K+42.7% | -$328K |
| Interest Expense | -$290+50.5% | -$586+62.8% | -$2K-128.8% | $5K+255.1% | $2K+32.9% | $1K+4.0% | $1K+117.3% | -$6K |
| Income Tax | N/A | $0 | $0+100.0% | -$4K+52.5% | -$8K-370.7% | -$2K-131.1% | $5K | $0 |
| Net Income | $47K+111.8% | -$398K-432.5% | -$75K-470.9% | -$13K+99.8% | -$7.1M-6752.3% | -$104K+46.6% | -$194K+43.9% | -$346K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | $-0.08 | N/A | N/A | N/A |
FGCO Balance Sheet
| Metric | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.9M+0.1% | $3.9M-9.4% | $4.4M+0.1% | $4.3M+76.3% | $2.5M-75.5% | $10.1M+3.1% | $9.8M-0.8% | $9.8M |
| Current Assets | $547K+9.5% | $499K-42.8% | $873K+3.7% | $842K-19.3% | $1.0M-14.8% | $1.2M+40.1% | $874K-20.2% | $1.1M |
| Cash & Equivalents | $208K+16.9% | $178K-49.6% | $353K+15.4% | $306K-30.2% | $439K-30.0% | $627K+45.4% | $431K-10.7% | $483K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $135K+17.8% | $115K |
| Goodwill | $3.2M0.0% | $3.2M0.0% | $3.2M0.0% | $3.2M+190.2% | $1.1M-87.1% | $8.5M0.0% | $8.5M0.0% | $8.5M |
| Total Liabilities | $2.1M-2.9% | $2.2M-1.5% | $2.2M-0.2% | $2.2M-6.0% | $2.3M-17.3% | $2.8M+14.7% | $2.5M+3.8% | $2.4M |
| Current Liabilities | $1.9M+18.5% | $1.6M-0.5% | $1.6M+1.9% | $1.6M-8.9% | $1.7M+14.9% | $1.5M-1.7% | $1.5M-7.9% | $1.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $440K-60.8% | $1.1M+58.9% | $705K-1.1% | $713K |
| Total Equity | $1.8M+3.7% | $1.8M-17.5% | $2.2M+0.4% | $2.2M+1569.2% | $129K-98.2% | $7.2M-0.9% | $7.3M-2.3% | $7.5M |
| Retained Earnings | -$14.8M+0.3% | -$14.9M-2.7% | -$14.5M-0.5% | -$14.4M-0.1% | -$14.4M-97.5% | -$7.3M-1.4% | -$7.2M-2.8% | -$7.0M |
FGCO Cash Flow Statement
| Metric | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $30K+117.8% | -$170K-441.0% | $50K+190.6% | -$55K+68.3% | -$174K+18.6% | -$214K-381.3% | -$44K+68.7% | -$142K |
| Capital Expenditures | $0-100.0% | $2K | $0-100.0% | $5K+236.1% | $1K+5.1% | $1K+47.0% | $881-74.9% | $4K |
| Free Cash Flow | $30K+117.6% | -$172K-444.9% | $50K+183.7% | -$60K+66.0% | -$175K+18.5% | -$215K-374.8% | -$45K+68.8% | -$145K |
| Investing Cash Flow | $3K+251.3% | -$2K | $0+100.0% | -$88K-6382.7% | -$1K-5.1% | -$1K-47.0% | -$881+74.9% | -$4K |
| Financing Cash Flow | -$3K+2.7% | -$3K-15.0% | -$3K-126.2% | $11K+183.9% | -$13K-103.1% | $411K+6427.0% | -$6K-396.1% | -$1K |
| 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 |
FGCO Financial Ratios
| Metric | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 88.3%-6.7pp | 95.0%-5.0pp | 100.0%+1.2pp | 98.8%-1.2pp | 100.0%0.0pp | 100.0%0.0pp | 100.0% | N/A |
| Operating Margin | -21.7%+3.6pp | -25.2%-20.7pp | -4.6%-3.9pp | -0.7%+23.1pp | -23.8%-17.6pp | -6.2%+4.8pp | -11.0%+11.9pp | -22.9% |
| Net Margin | 3.5%+28.7pp | -25.3%-20.6pp | -4.7%-3.9pp | -0.8%+423.4pp | -424.2%-418.0pp | -6.2%+5.2pp | -11.4%+12.8pp | -24.2% |
| Return on Equity | 2.5%+24.9pp | -22.3%-18.9pp | -3.5%-2.9pp | -0.6%+5516.6pp | -5517.2%-5515.8pp | -1.4%+1.2pp | -2.7%+2.0pp | -4.6% |
| Return on Assets | 1.2%+11.3pp | -10.1%-8.4pp | -1.7%-1.4pp | -0.3%+288.0pp | -288.3%-287.3pp | -1.0%+1.0pp | -2.0%+1.5pp | -3.5% |
| Current Ratio | 0.29-0.0 | 0.31-0.2 | 0.550.0 | 0.54-0.1 | 0.61-0.2 | 0.82+0.2 | 0.57-0.1 | 0.66 |
| Debt-to-Equity | 1.13-0.1 | 1.21+0.2 | 1.020.0 | 1.02-2.4 | 3.41+3.3 | 0.15+0.1 | 0.100.0 | 0.10 |
| FCF Margin | 2.3%+13.2pp | -10.9%-14.1pp | 3.1%+6.8pp | -3.7%+6.8pp | -10.5%+2.3pp | -12.8%-10.1pp | -2.6%+7.5pp | -10.1% |
Note: The current ratio is below 1.0 (0.54), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Financial's annual revenue?
Financial (FGCO) reported $6.7M in total revenue for fiscal year 2021. This represents a 81.0% 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 Financial's revenue growing?
Financial (FGCO) revenue grew by 81% year-over-year, from $3.7M to $6.7M in fiscal year 2021.
Is Financial profitable?
No, Financial (FGCO) reported a net income of -$7.4M in fiscal year 2021, with a net profit margin of -111.2%.
What is Financial's EBITDA?
Financial (FGCO) had EBITDA of -$591K in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization.
What is Financial's gross margin?
Financial (FGCO) had a gross margin of 0.0% in fiscal year 2021, indicating the percentage of revenue retained after direct costs of goods sold.
What is Financial's operating margin?
Financial (FGCO) had an operating margin of -10.5% in fiscal year 2021, reflecting the profitability of core business operations before interest and taxes.
What is Financial's net profit margin?
Financial (FGCO) had a net profit margin of -111.2% in fiscal year 2021, representing the share of revenue converted into profit after all expenses.
What is Financial's return on equity (ROE)?
Financial (FGCO) has a return on equity of -345.0% for fiscal year 2021, measuring how efficiently the company generates profit from shareholder equity.
What is Financial's free cash flow?
Financial (FGCO) generated -$495K in free cash flow during fiscal year 2021. This represents a 10.6% 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 Financial's operating cash flow?
Financial (FGCO) generated -$487K in operating cash flow during fiscal year 2021, representing cash generated from core business activities.
What are Financial's total assets?
Financial (FGCO) had $4.3M in total assets as of fiscal year 2021, including both current and long-term assets.
What are Financial's capital expenditures?
Financial (FGCO) invested $8K in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
What is Financial's current ratio?
Financial (FGCO) had a current ratio of 0.54 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.
What is Financial's debt-to-equity ratio?
Financial (FGCO) had a debt-to-equity ratio of 1.02 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Financial's return on assets (ROA)?
Financial (FGCO) had a return on assets of -170.7% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
What is Financial's cash runway?
Based on fiscal year 2021 data, Financial (FGCO) had $306K in cash against an annual operating cash burn of $487K. This gives an estimated cash runway of approximately 8 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 Financial's Piotroski F-Score?
Financial (FGCO) has a Piotroski F-Score of 3 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.
Are Financial's earnings high quality?
Financial (FGCO) has an earnings quality ratio of 0.07x, 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 Financial cover its interest payments?
Financial (FGCO) has an interest coverage ratio of -75.7x, 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.
How financially healthy is Financial?
Financial (FGCO) scores 29 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.