Freedom Internet Financials
This page shows Freedom Internet (FIGI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Freedom Internet has an operating margin of -580.5%, meaning the company retains $-580 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 down from -441.7% the prior year.
Freedom Internet's revenue declined 22.5% year-over-year, from $66K to $51K. This contraction results in a growth score of 0/100.
Freedom Internet carries a low D/E ratio of 0.02, meaning only $0.02 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 13.57, Freedom Internet holds $13.57 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Freedom Internet passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Freedom Internet generates $0.61 in operating cash flow (-$250K OCF vs -$409K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Freedom Internet generated $51K in revenue in fiscal year 2022. This represents a decrease of 22.5% from the prior year.
Freedom Internet reported -$409K in net income in fiscal year 2022. This represents a decrease of 23.6% from the prior year.
Freedom Internet held $276K in cash against $0 in long-term debt as of fiscal year 2022.
Freedom Internet had 11M shares outstanding in fiscal year 2022. This represents an increase of 0.0% from the prior year.
Freedom Internet's operating margin was -580.5% in fiscal year 2022, reflecting core business profitability. This is down 138.8 percentage points from the prior year.
Freedom Internet's net profit margin was -797.1% in fiscal year 2022, showing the share of revenue converted to profit. This is down 297.1 percentage points from the prior year.
FIGI Income Statement
| Metric | Q1'23 | Q1'22 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $20K | $0-100.0% | $26K+102.5% | $13K-2.1% | $13K+99.2% | $7K-62.5% | $17K-3.0% | $18K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$44K+40.9% | -$75K-81.3% | -$41K+47.2% | -$79K+23.7% | -$103K-71.8% | -$60K+20.9% | -$76K+30.0% | -$108K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | $0 | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$43K+68.8% | -$139K-74.3% | -$80K-6.3% | -$75K+35.0% | -$115K-1.3% | -$114K-87.5% | -$61K+43.7% | -$108K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FIGI Balance Sheet
| Metric | Q1'23 | Q1'22 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.0M-3.3% | $1.1M-10.5% | $1.2M+0.3% | $1.2M-5.1% | $1.3M-9.4% | $1.4M-8.1% | $1.5M-5.7% | $1.6M |
| Current Assets | $304K-7.3% | $328K-27.4% | $452K-26.8% | $618K-7.8% | $671K-15.1% | $790K+7.2% | $737K-9.5% | $814K |
| Cash & Equivalents | $276K-11.8% | $313K-12.7% | $358K+6.8% | $335K-14.4% | $392K-37.7% | $629K+7.3% | $586K-23.1% | $762K |
| 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 | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $22K+57.1% | $14K+1607.8% | $836-93.5% | $13K+768.6% | $1K-91.2% | $17K-32.6% | $25K-55.3% | $56K |
| Current Liabilities | $22K+57.1% | $14K+1607.8% | $836-93.5% | $13K+768.6% | $1K-91.2% | $17K-32.6% | $25K-43.9% | $44K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.0M-4.1% | $1.1M-11.6% | $1.2M+1.3% | $1.2M-6.0% | $1.3M-8.4% | $1.4M-7.7% | $1.5M-3.9% | $1.5M |
| Retained Earnings | -$1.4M-3.1% | -$1.4M-11.1% | -$1.3M-6.8% | -$1.2M-6.8% | -$1.1M-11.7% | -$983K-13.1% | -$869K-7.5% | -$808K |
FIGI Cash Flow Statement
| Metric | Q1'23 | Q1'22 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$37K+19.0% | -$46K+3.4% | -$47K+12.0% | -$54K+48.5% | -$104K-335.2% | $44K+161.2% | -$72K-51.1% | -$48K |
| 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 | $0 | $0-100.0% | $70K+2493.1% | -$3K+97.8% | -$133K-7926.5% | -$2K+98.4% | -$103K+39.2% | -$170K |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | $0 | N/A | N/A |
| 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 |
FIGI Financial Ratios
| Metric | Q1'23 | Q1'22 | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -223.4% | N/A | -161.3%+457.6pp | -618.9%+175.4pp | -794.3%+126.5pp | -920.8%-484.4pp | -436.4%+168.8pp | -605.2% |
| Net Margin | -218.1% | N/A | -310.3%+281.0pp | -591.3%+299.9pp | -891.2%+861.8pp | -1753.0%-1402.6pp | -350.5%+253.4pp | -603.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -4.2%+8.8pp | -13.0%-6.3pp | -6.7%-0.4pp | -6.3%+2.9pp | -9.2%-1.0pp | -8.2%-4.2pp | -4.0%+2.7pp | -6.8% |
| Current Ratio | 13.57-9.4 | 23.00-518.0 | 541.03+492.9 | 48.08-405.0 | 453.05+406.0 | 47.04+17.5 | 29.58+11.3 | 18.33 |
| Debt-to-Equity | 0.020.0 | 0.01+0.0 | 0.00-0.0 | 0.010.0 | 0.00-0.0 | 0.010.0 | 0.02-0.0 | 0.04 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Freedom Internet's annual revenue?
Freedom Internet (FIGI) reported $51K in total revenue for fiscal year 2022. This represents a -22.5% 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 Freedom Internet's revenue growing?
Freedom Internet (FIGI) revenue declined by 22.5% year-over-year, from $66K to $51K in fiscal year 2022.
Is Freedom Internet profitable?
No, Freedom Internet (FIGI) reported a net income of -$409K in fiscal year 2022, with a net profit margin of -797.1%.
What is Freedom Internet's operating margin?
Freedom Internet (FIGI) had an operating margin of -580.5% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Freedom Internet's net profit margin?
Freedom Internet (FIGI) had a net profit margin of -797.1% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Freedom Internet's operating cash flow?
Freedom Internet (FIGI) generated -$250K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Freedom Internet's total assets?
Freedom Internet (FIGI) had $1.0M in total assets as of fiscal year 2022, including both current and long-term assets.
How many shares does Freedom Internet have outstanding?
Freedom Internet (FIGI) had 11M shares outstanding as of fiscal year 2022.
What is Freedom Internet's current ratio?
Freedom Internet (FIGI) had a current ratio of 13.57 as of fiscal year 2022, which is generally considered healthy.
What is Freedom Internet's debt-to-equity ratio?
Freedom Internet (FIGI) had a debt-to-equity ratio of 0.02 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Freedom Internet's return on assets (ROA)?
Freedom Internet (FIGI) had a return on assets of -39.6% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Freedom Internet's cash runway?
Based on fiscal year 2022 data, Freedom Internet (FIGI) had $276K in cash against an annual operating cash burn of $250K. This gives an estimated cash runway of approximately 13 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 Freedom Internet's Piotroski F-Score?
Freedom Internet (FIGI) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Freedom Internet's earnings high quality?
Freedom Internet (FIGI) has an earnings quality ratio of 0.61x, 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.
How financially healthy is Freedom Internet?
Freedom Internet (FIGI) scores 50 out of 100 on our Financial Profile, indicating moderate 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.