Flexpoint Sensor Sys Inc Financials
This page shows Flexpoint Sensor Sys Inc (FLXT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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
Flexpoint Sensor Sys Inc has an operating margin of -634.4%, meaning the company retains $-634 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 -482.4% the prior year.
Flexpoint Sensor Sys Inc's revenue declined 30.1% year-over-year, from $151K to $106K. This contraction results in a growth score of 0/100.
Flexpoint Sensor Sys Inc has elevated debt relative to equity (D/E of 19.53), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Flexpoint Sensor Sys Inc'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.
Flexpoint Sensor Sys Inc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Flexpoint Sensor Sys Inc generates $0.56 in operating cash flow (-$439K OCF vs -$785K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Flexpoint Sensor Sys Inc earns $-5.8 in operating income for every $1 of interest expense (-$670K vs $116K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Flexpoint Sensor Sys Inc generated $106K in revenue in fiscal year 2023. This represents a decrease of 30.1% from the prior year.
Flexpoint Sensor Sys Inc's EBITDA was -$670K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 373.9% from the prior year.
Flexpoint Sensor Sys Inc reported -$785K in net income in fiscal year 2023. This represents an increase of 2.5% from the prior year.
Flexpoint Sensor Sys Inc earned $-0.06 per diluted share (EPS) in fiscal year 2023. This represents an increase of 0.0% from the prior year.
Flexpoint Sensor Sys Inc paid $0.06 per share in dividends in fiscal year 2023. This represents an increase of 0.0% from the prior year.
Flexpoint Sensor Sys Inc had 126M shares outstanding in fiscal year 2023. This represents an increase of 0.0% from the prior year.
Flexpoint Sensor Sys Inc's gross margin was 68.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 7.7 percentage points from the prior year.
Flexpoint Sensor Sys Inc's operating margin was -634.4% in fiscal year 2023, reflecting core business profitability. This is down 151.9 percentage points from the prior year.
Flexpoint Sensor Sys Inc's net profit margin was -742.7% in fiscal year 2023, showing the share of revenue converted to profit. This is down 210.3 percentage points from the prior year.
Flexpoint Sensor Sys Inc invested $224K in research and development in fiscal year 2023. This represents an increase of 0.1% from the prior year.
FLXT Income Statement
| Metric | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $34K+59.0% | $22K-42.4% | $38K+206.0% | $12K-59.5% | $30K+26.3% | $24K-33.5% | $36K-40.9% | $61K |
| Cost of Revenue | -$2K-125.3% | $9K-72.5% | $31K+646.9% | $4K-38.1% | $7K-51.8% | $14K+1088.6% | $1K-13.2% | $1K |
| Gross Profit | $86K+169.1% | $32K-74.0% | $124K+117.4% | $57K-24.3% | $75K-16.9% | $91K-1.5% | $92K+171.6% | $34K |
| R&D Expenses | $59K+7.6% | $55K-5.5% | $58K+14.3% | $51K-0.7% | $51K-7.8% | $56K-0.8% | $56K-6.6% | $60K |
| SG&A Expenses | $86K-35.0% | $133K-11.8% | $151K+1.4% | $149K-0.4% | $149K+0.7% | $148K+2.0% | $145K-18.3% | $178K |
| Operating Income | -$123K+29.2% | -$174K+3.7% | -$181K+6.1% | -$193K-9.4% | -$176K+5.7% | -$187K-5.1% | -$178K+6.2% | -$189K |
| Interest Expense | $38K+21.5% | $31K+4.3% | $30K+77.3% | $17K-20.3% | $21K+18.3% | $18K+6.1% | $17K-18.1% | $21K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$161K+21.5% | -$205K+2.4% | -$210K-0.6% | -$209K-38.6% | -$151K+26.2% | -$204K-5.2% | -$194K+24.1% | -$256K |
| EPS (Diluted) | $-0.06 | $0.00 | $0.00 | $0.00+100.0% | $-0.06 | $0.00 | $0.00 | $0.00 |
FLXT Balance Sheet
| Metric | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.2M+1.4% | $5.2M-0.1% | $5.2M-0.3% | $5.2M-0.5% | $5.2M+5.3% | $4.9M-7.3% | $5.3M+7.2% | $5.0M |
| Current Assets | $51K+75.6% | $29K+59.7% | $18K-0.3% | $18K-37.2% | $29K+21.6% | $24K-91.7% | $287K+399.8% | $57K |
| Cash & Equivalents | $13K+16.0% | $11K+1512.4% | $686-31.3% | $998-86.3% | $7K+204.6% | $2K-13.6% | $3K-91.5% | $33K |
| Inventory | N/A | N/A | N/A | N/A | $8K+11.3% | $7K-5.0% | $8K | N/A |
| Accounts Receivable | $44K+160.4% | $17K+17.1% | $15K+11.5% | $13K-35.2% | $20K+53.3% | $13K-92.9% | $184K+309.6% | $45K |
| Goodwill | $4.9M0.0% | $4.9M0.0% | $4.9M0.0% | $4.9M0.0% | $4.9M0.0% | $4.9M0.0% | $4.9M0.0% | $4.9M |
| Total Liabilities | $5.0M+5.0% | $4.7M+4.4% | $4.5M+4.5% | $4.3M+4.4% | $4.2M+12.3% | $3.7M+154.9% | $1.5M-56.5% | $3.3M |
| Current Liabilities | $4.8M+4.1% | $4.6M+4.9% | $4.4M+5.0% | $4.2M+5.0% | $4.0M+7.0% | $3.7M+501.7% | $615K-81.6% | $3.3M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $254K-38.7% | $415K-33.0% | $620K-25.3% | $831K-20.1% | $1.0M-15.9% | $1.2M-14.2% | $1.4M-11.9% | $1.6M |
| Retained Earnings | -$31.7M-0.5% | -$31.5M-0.7% | -$31.3M-0.7% | -$31.1M-0.7% | -$30.9M-0.5% | -$30.7M-23.7% | -$24.9M+18.1% | -$30.3M |
FLXT Cash Flow Statement
| Metric | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$106K-3.3% | -$102K-17.6% | -$87K+39.6% | -$144K-656.5% | $26K+121.1% | -$123K-45.8% | -$84K+38.9% | -$138K |
| 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 | N/A | N/A | N/A | -$5K | N/A | N/A | N/A |
| Financing Cash Flow | $106K+3.3% | $102K+17.6% | $87K-39.6% | $144K+656.5% | -$26K-121.1% | $123K+45.8% | $84K-38.7% | $138K |
| 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 |
FLXT Financial Ratios
| Metric | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 79.1%-1.0pp | 80.0%-13.2pp | 93.2%+1.4pp | 91.8%+5.1pp | 86.7%-12.0pp | 98.8%+2.6pp | 96.2% |
| Operating Margin | -359.0%+446.9pp | -805.9%-324.1pp | -481.7%+1088.8pp | -1570.5%-989.0pp | -581.5%+197.2pp | -778.8%-285.9pp | -492.9%-182.3pp | -310.6% |
| Net Margin | -468.9%+480.5pp | -949.5%-389.3pp | -560.2%+1143.6pp | -1703.7%-1205.7pp | -498.1%+354.4pp | -852.4%-313.4pp | -539.0%-119.2pp | -419.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -3.1%+0.9pp | -4.0%+0.1pp | -4.1%-0.0pp | -4.0%-1.1pp | -2.9%+1.2pp | -4.1%+3.6pp | -7.8%-2.6pp | -5.1% |
| Current Ratio | 0.010.0 | 0.010.0 | 0.000.0 | 0.000.0 | 0.010.0 | 0.01-0.1 | 0.09+0.1 | 0.02 |
| Debt-to-Equity | 19.53+8.1 | 11.40+4.1 | 7.31+2.1 | 5.22+1.2 | 4.00+1.0 | 2.99+2.6 | 0.37-1.7 | 2.04 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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 Flexpoint Sensor Sys Inc's annual revenue?
Flexpoint Sensor Sys Inc (FLXT) reported $106K in total revenue for fiscal year 2023. This represents a -30.1% 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 Flexpoint Sensor Sys Inc's revenue growing?
Flexpoint Sensor Sys Inc (FLXT) revenue declined by 30.1% year-over-year, from $151K to $106K in fiscal year 2023.
Is Flexpoint Sensor Sys Inc profitable?
No, Flexpoint Sensor Sys Inc (FLXT) reported a net income of -$785K in fiscal year 2023, with a net profit margin of -742.7%.
What is Flexpoint Sensor Sys Inc's earnings per share (EPS)?
Flexpoint Sensor Sys Inc (FLXT) reported diluted earnings per share of $-0.06 for fiscal year 2023. This represents a 0.0% 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 Flexpoint Sensor Sys Inc's EBITDA?
Flexpoint Sensor Sys Inc (FLXT) had EBITDA of -$670K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Flexpoint Sensor Sys Inc's gross margin?
Flexpoint Sensor Sys Inc (FLXT) had a gross margin of 68.3% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Flexpoint Sensor Sys Inc's operating margin?
Flexpoint Sensor Sys Inc (FLXT) had an operating margin of -634.4% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Flexpoint Sensor Sys Inc's net profit margin?
Flexpoint Sensor Sys Inc (FLXT) had a net profit margin of -742.7% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
Does Flexpoint Sensor Sys Inc pay dividends?
Yes, Flexpoint Sensor Sys Inc (FLXT) paid $0.06 per share in dividends during fiscal year 2023.
What is Flexpoint Sensor Sys Inc's operating cash flow?
Flexpoint Sensor Sys Inc (FLXT) generated -$439K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Flexpoint Sensor Sys Inc's total assets?
Flexpoint Sensor Sys Inc (FLXT) had $5.2M in total assets as of fiscal year 2023, including both current and long-term assets.
How much does Flexpoint Sensor Sys Inc spend on research and development?
Flexpoint Sensor Sys Inc (FLXT) invested $224K in research and development during fiscal year 2023.
How many shares does Flexpoint Sensor Sys Inc have outstanding?
Flexpoint Sensor Sys Inc (FLXT) had 126M shares outstanding as of fiscal year 2023.
What is Flexpoint Sensor Sys Inc's current ratio?
Flexpoint Sensor Sys Inc (FLXT) 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 Flexpoint Sensor Sys Inc's debt-to-equity ratio?
Flexpoint Sensor Sys Inc (FLXT) had a debt-to-equity ratio of 19.53 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Flexpoint Sensor Sys Inc's return on assets (ROA)?
Flexpoint Sensor Sys Inc (FLXT) had a return on assets of -15.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Flexpoint Sensor Sys Inc's Piotroski F-Score?
Flexpoint Sensor Sys Inc (FLXT) 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 Flexpoint Sensor Sys Inc's earnings high quality?
Flexpoint Sensor Sys Inc (FLXT) has an earnings quality ratio of 0.56x, 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 Flexpoint Sensor Sys Inc cover its interest payments?
Flexpoint Sensor Sys Inc (FLXT) has an interest coverage ratio of -5.8x, 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 Flexpoint Sensor Sys Inc?
Flexpoint Sensor Sys Inc (FLXT) 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.