Auto Parts 4Less Financials
This page shows Auto Parts 4Less (FLES) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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 FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Auto Parts 4Less has an operating margin of -128.0%, meaning the company retains $-128 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 -67.7% the prior year.
Auto Parts 4Less's revenue declined 61.9% year-over-year, from $11.0M to $4.2M. This contraction results in a growth score of 0/100.
Auto Parts 4Less's current ratio of 0.01 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Auto Parts 4Less generated -$3.8M in operating cash flow, capex of $1K consumed most of it, leaving -$3.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Auto Parts 4Less passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Auto Parts 4Less generates $0.22 in operating cash flow (-$3.8M OCF vs -$17.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Auto Parts 4Less earns $-0.9 in operating income for every $1 of interest expense (-$5.4M vs $6.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Auto Parts 4Less generated $4.2M in revenue in fiscal year 2023. This represents a decrease of 61.9% from the prior year.
Auto Parts 4Less's EBITDA was -$5.3M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.1% from the prior year.
Auto Parts 4Less generated -$3.8M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 39.9% from the prior year.
Auto Parts 4Less reported -$17.8M in net income in fiscal year 2023. This represents a decrease of 120.4% from the prior year.
Auto Parts 4Less earned $-10.72 per diluted share (EPS) in fiscal year 2023. This represents an increase of 62.8% from the prior year.
Auto Parts 4Less held $54K in cash against $80K in long-term debt as of fiscal year 2023.
Auto Parts 4Less had 3M shares outstanding in fiscal year 2023. This represents an increase of 77.6% from the prior year.
Auto Parts 4Less's gross margin was 17.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 3.6 percentage points from the prior year.
Auto Parts 4Less's operating margin was -128.0% in fiscal year 2023, reflecting core business profitability. This is down 60.3 percentage points from the prior year.
Auto Parts 4Less's net profit margin was -423.1% in fiscal year 2023, showing the share of revenue converted to profit. This is down 349.9 percentage points from the prior year.
Auto Parts 4Less invested $1K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 97.4% from the prior year.
FLES Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'22 | Q3'23 | Q2'23 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $144K+142.1% | $59K-56.4% | $136K-91.4% | $1.6M-49.0% | $3.1M+20.4% | $2.6M-30.6% | $3.7M+310.1% | $909K |
| Cost of Revenue | $38K+92.6% | $20K+46.7% | $13K-99.5% | $2.5M+9.7% | $2.3M+17.6% | $1.9M-30.1% | $2.8M+94.9% | $1.4M |
| Gross Profit | $106K+166.4% | $40K-67.6% | $123K+113.5% | -$907K-208.0% | $839K+28.6% | $653K-32.2% | $962K+288.5% | -$510K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $181K-32.9% | $269K+82.9% | $147K-57.5% | $346K-78.0% | $1.6M+237.8% | $465K-28.4% | $649K+181.9% | $230K |
| Operating Income | -$254K+38.3% | -$412K-1.4% | -$407K+85.3% | -$2.8M-36.8% | -$2.0M-41.5% | -$1.4M-15.0% | -$1.2M+17.4% | -$1.5M |
| Interest Expense | $731K-29.7% | $1.0M+34.0% | $776K+15.6% | $671K+76.6% | $380K+95.9% | $194K+68.7% | $115K+62.7% | $71K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$1.4M+54.1% | -$2.9M-2.7% | -$2.9M+9.8% | -$3.2M-24.0% | -$2.6M-46.5% | -$1.8M-208.7% | -$568K+62.0% | -$1.5M |
| EPS (Diluted) | $-0.28+74.5% | $-1.10+20.9% | $-1.39+87.6% | $-11.20-39.7% | $-8.02-19.7% | $-6.70-128.7% | $-2.93+17.0% | $-3.53 |
FLES Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'22 | Q3'23 | Q2'23 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $253K-6.7% | $272K-31.2% | $395K-61.6% | $1.0M-35.4% | $1.6M-14.3% | $1.9M-20.5% | $2.3M+105.0% | $1.1M |
| Current Assets | $89K+1.3% | $88K-27.6% | $121K-78.6% | $565K-30.0% | $806K+11.4% | $724K-58.9% | $1.8M+146.3% | $715K |
| Cash & Equivalents | $12K-66.4% | $37K-30.8% | $54K-30.7% | $77K-77.9% | $350K-8.4% | $382K-71.5% | $1.3M+383.4% | $278K |
| Inventory | $33K+7.9% | $31K-31.8% | $45K-89.5% | $433K+7.8% | $401K+26.2% | $318K+3.4% | $308K-4.9% | $323K |
| 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 | $28.2M+4.2% | $27.0M+11.3% | $24.3M+142.6% | $10.0M+30.9% | $7.6M+8.8% | $7.0M+5.0% | $6.7M-7.4% | $7.2M |
| Current Liabilities | $27.2M+4.4% | $26.1M+12.0% | $23.3M+161.6% | $8.9M+36.9% | $6.5M+31.7% | $4.9M+10.5% | $4.5M-11.8% | $5.1M |
| Long-Term Debt | $40K-9.0% | $44K-45.4% | $80K-31.2% | $116K-7.5% | $125K-86.3% | $911K-10.6% | $1.0M+14.4% | $890K |
| Total Equity | -$27.9M-4.3% | -$26.8M-12.0% | -$23.9M-165.9% | -$9.0M-48.4% | -$6.1M-17.1% | -$5.2M-18.7% | -$4.4M+28.5% | -$6.1M |
| Retained Earnings | -$53.4M-2.6% | -$52.1M-6.0% | -$49.1M-72.6% | -$28.5M-12.6% | -$25.3M-11.3% | -$22.7M-8.4% | -$20.9M-2.8% | -$20.4M |
FLES Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'22 | Q3'23 | Q2'23 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$77K+85.7% | -$536K-25.5% | -$427K+78.6% | -$2.0M-88.9% | -$1.1M+57.1% | -$2.5M-200.5% | -$820K-190.6% | -$282K |
| Capital Expenditures | $0 | $0-100.0% | $1K | $0-100.0% | $9K | $0-100.0% | $35K | N/A |
| Free Cash Flow | -$439K+65.3% | -$1.3M+26.7% | -$1.7M+13.5% | -$2.0M-87.4% | -$1.1M+56.8% | -$2.5M-188.3% | -$855K | N/A |
| Investing Cash Flow | $0 | $0+100.0% | -$1K | $0+100.0% | -$9K-134.4% | $25K+171.6% | -$35K | $0 |
| Financing Cash Flow | $40K-92.2% | $520K+9.1% | $476K-72.4% | $1.7M+66.8% | $1.0M-30.2% | $1.5M-22.9% | $1.9M+542.3% | $299K |
| 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 |
FLES Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'22 | Q3'23 | Q2'23 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.8%+6.7pp | 67.1%-23.1pp | 90.2%+147.3pp | -57.1%-84.0pp | 27.0%+1.7pp | 25.2%-0.6pp | 25.8%+81.9pp | -56.1% |
| Operating Margin | -176.9%+517.7pp | -694.7%-395.9pp | -298.8%-124.7pp | -174.0%-109.1pp | -64.9%-9.7pp | -55.2%-21.9pp | -33.3%+132.2pp | -165.5% |
| Net Margin | -941.6%+4027.5pp | -4969.1%-2858.9pp | -2110.3%-1909.9pp | -200.3%-117.9pp | -82.4%-14.7pp | -67.7%-52.5pp | -15.2%+149.2pp | -164.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -533.9%+551.9pp | -1085.8%-358.1pp | -727.7%-418.2pp | -309.5%-148.4pp | -161.1%-66.8pp | -94.3%-70.0pp | -24.3%+106.9pp | -131.2% |
| Current Ratio | 0.000.0 | 0.000.0 | 0.01-0.1 | 0.06-0.1 | 0.12-0.0 | 0.15-0.2 | 0.39+0.3 | 0.14 |
| Debt-to-Equity | -0.000.0 | -0.000.0 | -0.000.0 | -0.010.0 | -0.02+0.2 | -0.18+0.1 | -0.23-0.1 | -0.15 |
| FCF Margin | -385.9%-291.5pp | -94.4%+5.4pp | -99.8%+25.8pp | -125.7%-91.4pp | -34.2%+61.1pp | -95.3%-72.4pp | -22.9% | N/A |
Note: Shareholder equity is negative (-$23.9M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Auto Parts 4Less's annual revenue?
Auto Parts 4Less (FLES) reported $4.2M in total revenue for fiscal year 2023. This represents a -61.9% 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 Auto Parts 4Less's revenue growing?
Auto Parts 4Less (FLES) revenue declined by 61.9% year-over-year, from $11.0M to $4.2M in fiscal year 2023.
Is Auto Parts 4Less profitable?
No, Auto Parts 4Less (FLES) reported a net income of -$17.8M in fiscal year 2023, with a net profit margin of -423.1%.
What is Auto Parts 4Less's earnings per share (EPS)?
Auto Parts 4Less (FLES) reported diluted earnings per share of $-10.72 for fiscal year 2023. This represents a 62.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Auto Parts 4Less's EBITDA?
Auto Parts 4Less (FLES) had EBITDA of -$5.3M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Auto Parts 4Less have?
As of fiscal year 2023, Auto Parts 4Less (FLES) had $54K in cash and equivalents against $80K in long-term debt.
What is Auto Parts 4Less's gross margin?
Auto Parts 4Less (FLES) had a gross margin of 17.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Auto Parts 4Less's operating margin?
Auto Parts 4Less (FLES) had an operating margin of -128.0% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Auto Parts 4Less's net profit margin?
Auto Parts 4Less (FLES) had a net profit margin of -423.1% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Auto Parts 4Less's free cash flow?
Auto Parts 4Less (FLES) generated -$3.8M in free cash flow during fiscal year 2023. This represents a 39.9% 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 Auto Parts 4Less's operating cash flow?
Auto Parts 4Less (FLES) generated -$3.8M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Auto Parts 4Less's total assets?
Auto Parts 4Less (FLES) had $395K in total assets as of fiscal year 2023, including both current and long-term assets.
What are Auto Parts 4Less's capital expenditures?
Auto Parts 4Less (FLES) invested $1K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How many shares does Auto Parts 4Less have outstanding?
Auto Parts 4Less (FLES) had 3M shares outstanding as of fiscal year 2023.
What is Auto Parts 4Less's current ratio?
Auto Parts 4Less (FLES) had a current ratio of 0.01 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Auto Parts 4Less's debt-to-equity ratio?
Auto Parts 4Less (FLES) had a debt-to-equity ratio of -0.00 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Auto Parts 4Less's return on assets (ROA)?
Auto Parts 4Less (FLES) had a return on assets of -4507.2% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Auto Parts 4Less's cash runway?
Based on fiscal year 2023 data, Auto Parts 4Less (FLES) had $54K in cash against an annual operating cash burn of $3.8M. This gives an estimated cash runway of approximately 0 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 Auto Parts 4Less's debt-to-equity ratio negative or unusual?
Auto Parts 4Less (FLES) has negative shareholder equity of -$23.9M as of fiscal year 2023, 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 Auto Parts 4Less's Piotroski F-Score?
Auto Parts 4Less (FLES) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Auto Parts 4Less's earnings high quality?
Auto Parts 4Less (FLES) has an earnings quality ratio of 0.22x, 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 Auto Parts 4Less cover its interest payments?
Auto Parts 4Less (FLES) has an interest coverage ratio of -0.9x, 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 Auto Parts 4Less?
Auto Parts 4Less (FLES) scores 0 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.