Glassbridge Financials

GLAE

Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2023 Currency USD FYE December

This page shows Glassbridge (GLAE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

Rhea AI GLAE FY2022 2026-04-22

GlassBridge’s reported results are driven less by operating revenue than by balance-sheet shifts and recurring cash burn.

Reported profit has not tracked operating health: positive net income in two recent years came alongside operating losses and negative operating cash flow, so the bottom line was not being produced by recurring operations. What did improve was the cash burn rate, which narrowed from -$7.5M to -$2.7M as overhead was cut.

FY2022 looked less like a sales-driven business than an entity carrying a fixed corporate cost base: revenue was just $100K, while SG&A alone was $3.1M. That means cost cutting, not customer activity, was the main reason the operating loss became smaller.

The balance sheet was repaired sharply versus FY2020, with total liabilities falling from $55.7M to $5.5M and equity turning positive. But short-term liquidity still looked tight, because cash was only $1.2M against current liabilities of $1.6M.

Financial Health Signals

Financial health score pending refresh

We are recalculating Glassbridge's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

3/8

Glassbridge passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.90x

For every $1 of reported earnings, Glassbridge generates $0.90 in operating cash flow (-$2.7M OCF vs -$3.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-10.0x

Glassbridge earns $-10.0 in operating income for every $1 of interest expense (-$3.0M vs $300K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$100K

YoY+0.0%

5Y CAGR-69.3%

10Y CAGR-60.2%

Glassbridge generated $100K in revenue in fiscal year 2022. This represents an increase of 0.0% from the prior year.

EBITDA

N/A

Net Income

-$3.0M

YoY-110.3%

Glassbridge reported -$3.0M in net income in fiscal year 2022. This represents a decrease of 110.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.2M

YoY-70.7%

5Y CAGR-32.7%

10Y CAGR-36.3%

Glassbridge held $1.2M in cash against $3.9M in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

25,170

YoY+0.0%

Glassbridge had 25,170 shares outstanding in fiscal year 2022. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

-3000.0%

YoY+3200.0pp

5Y CAGR-2976.2pp

10Y CAGR-2968.4pp

Glassbridge's operating margin was -3000.0% in fiscal year 2022, reflecting core business profitability. This is up 3200.0 percentage points from the prior year.

Net Margin

-3000.0%

YoY-32000.0pp

5Y CAGR-2949.0pp

10Y CAGR-2966.2pp

Glassbridge's net profit margin was -3000.0% in fiscal year 2022, showing the share of revenue converted to profit. This is down 32000.0 percentage points from the prior year.

Return on Equity

-33.0%

YoY-272.6pp

10Y CAGR+52.1pp

Glassbridge's ROE was -33.0% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is down 272.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

GLAE Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$100K0.0%	$100K-80.0%	$500K+400.0%	$100K	N/A	$36.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	$19.8M
Gross Profit	N/A	N/A	N/A	N/A	N/A	$16.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	$8.1M
SG&A Expenses	$3.1M-48.3%	$6.0M-10.4%	$6.7M+97.1%	$3.4M-46.9%	$6.4M-23.8%	$8.4M
Operating Income	-$3.0M+51.6%	-$6.2M+7.5%	-$6.7M-97.1%	-$3.4M+59.0%	-$8.3M+4.6%	-$8.7M
Interest Expense	$300K-85.0%	$2.0M-23.1%	$2.6M+766.7%	$300K+200.0%	$100K	N/A
Income Tax	N/A	N/A	N/A	N/A	$100K-98.2%	$5.7M
Net Income	-$3.0M-110.3%	$29.0M+145.6%	-$63.6M-414.9%	$20.2M+392.7%	$4.1M+122.0%	-$18.6M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Revenue	N/A	N/A	$100.0M	N/A	N/A	N/A	N/A	N/A
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	$1.0M-9.1%	$1.1M-99.9%	$1.1B	N/A	$700K-12.5%	$800K0.0%	$800K	N/A
Operating Income	-$1.0M+9.1%	-$1.1M+99.9%	-$1.0B	N/A	-$700K+12.5%	-$800K0.0%	-$800K	N/A
Interest Expense	N/A	$100K-99.9%	$100.0M	N/A	$100K	N/A	$100K	N/A
Income Tax	$0	$0	$0	N/A	$0	$0	$0	N/A
Net Income	-$1.1M0.0%	-$1.1M+99.9%	-$1.1B	N/A	-$800K-14.3%	-$700K+12.5%	-$800K	N/A
EPS (Diluted)	$-41.670.0%	$-41.66	N/A	N/A	$-30.30-14.3%	$-26.52	N/A	N/A

GLAE Balance Sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$14.6M-15.1%	$17.2M-32.3%	$25.4M-66.8%	$76.4M+409.3%	$15.0M-62.7%	$40.2M
Current Assets	$1.3M-69.0%	$4.2M+75.0%	$2.4M-72.1%	$8.6M+1.2%	$8.5M-60.3%	$21.4M
Cash & Equivalents	$1.2M-70.7%	$4.1M+215.4%	$1.3M-76.4%	$5.5M+12.2%	$4.9M-43.7%	$8.7M
Inventory	N/A	N/A	N/A	N/A	N/A	$0
Accounts Receivable	$100K0.0%	$100K0.0%	$100K0.0%	$100K	N/A	$0
Goodwill	N/A	N/A	$8.3M-83.6%	$50.6M	N/A	$0
Total Liabilities	$5.5M+7.8%	$5.1M-90.8%	$55.7M-21.2%	$70.7M+105.5%	$34.4M-48.6%	$66.9M
Current Liabilities	$1.6M+6.7%	$1.5M-89.9%	$14.8M+322.9%	$3.5M-58.8%	$8.5M-69.8%	$28.1M
Long-Term Debt	$3.9M+8.3%	$3.6M-87.8%	$29.4M-3.9%	$30.6M	N/A	N/A
Total Equity	$9.1M-24.8%	$12.1M+139.9%	-$30.3M-631.6%	$5.7M+129.4%	-$19.4M+11.8%	-$22.0M
Retained Earnings	-$1.0B-0.3%	-$1.0B+2.7%	-$1.1B-6.2%	-$1.0B+2.0%	-$1.0B+0.4%	-$1.0B

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Total Assets	$23.3M+71.3%	$13.6M-99.9%	$14.1B+96475.3%	$14.6M-4.6%	$15.3M-4.4%	$16.0M-3.6%	$16.6M-3.5%	$17.2M
Current Assets	$4.1M+720.0%	$500K-100.0%	$1.0B+76823.1%	$1.3M-35.0%	$2.0M-25.9%	$2.7M-18.2%	$3.3M-21.4%	$4.2M
Cash & Equivalents	$3.1M+1450.0%	$200K-100.0%	$600.0M+49900.0%	$1.2M-36.8%	$1.9M-26.9%	$2.6M-18.8%	$3.2M-22.0%	$4.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	$100.0M+99900.0%	$100K0.0%	$100K0.0%	$100K0.0%	$100K0.0%	$100K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$17.5M+161.2%	$6.7M-99.9%	$6.1B+110809.1%	$5.5M0.0%	$5.5M+1.9%	$5.4M+1.9%	$5.3M+3.9%	$5.1M
Current Liabilities	$2.2M-15.4%	$2.6M-99.9%	$2.1B+131150.0%	$1.6M-5.9%	$1.7M0.0%	$1.7M+6.3%	$1.6M+6.7%	$1.5M
Long-Term Debt	$2.1M-48.8%	$4.1M-99.9%	$4.0B+102464.1%	$3.9M+2.6%	$3.8M+2.7%	$3.7M0.0%	$3.7M+2.8%	$3.6M
Total Equity	$5.8M-15.9%	$6.9M-99.9%	$8.0B+87812.1%	$9.1M-7.1%	$9.8M-7.5%	$10.6M-6.2%	$11.3M-6.6%	$12.1M
Retained Earnings	-$1.0B-0.1%	-$1.0B+99.9%	-$1.0T-100005.9%	-$1.0B-0.1%	-$1.0B-0.1%	-$1.0B-0.1%	-$1.0B-0.1%	-$1.0B

GLAE Cash Flow Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$2.7M+59.1%	-$6.6M+12.0%	-$7.5M+33.6%	-$11.3M-7.6%	-$10.5M-41.9%	-$7.4M
Capital Expenditures	N/A	N/A	$1.7M	N/A	$200K-81.8%	$1.1M
Free Cash Flow	N/A	N/A	-$9.2M	N/A	-$10.7M-25.9%	-$8.5M
Investing Cash Flow	-$200K-102.3%	$8.6M+458.3%	-$2.4M+27.3%	-$3.3M-164.7%	$5.1M+264.5%	-$3.1M
Financing Cash Flow	N/A	$300K-95.2%	$6.2M-58.1%	$14.8M	N/A	-$100K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$100K

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Operating Cash Flow	-$1.7M-325.0%	-$400K+99.9%	-$600.0M-85614.3%	-$700K0.0%	-$700K-16.7%	-$600K+14.3%	-$700K+66.7%	-$2.1M
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	N/A	N/A	N/A	$0	$0	$0+100.0%	-$200K-102.9%	$7.0M
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$2.1M
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

GLAE Financial Ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	N/A	N/A	N/A	N/A	N/A	45.8%
Operating Margin	-3000.0%+3200.0pp	-6200.0%-4860.0pp	-1340.0%+2060.0pp	-3400.0%	N/A	-23.8%
Net Margin	-3000.0%-32000.0pp	29000.0%+41720.0pp	-12720.0%-32920.0pp	20200.0%	N/A	-51.0%
Return on Equity	-33.0%-272.6pp	239.7%	N/A	354.4%	N/A	N/A
Return on Assets	-20.5%-189.2pp	168.6%+419.0pp	-250.4%-276.8pp	26.4%-0.9pp	27.3%+73.6pp	-46.3%
Current Ratio	0.81-2.0	2.80+2.6	0.16-2.3	2.46+1.5	1.00+0.2	0.76
Debt-to-Equity	0.43+0.1	0.30+1.3	-0.97-6.3	5.37+7.1	-1.77+1.3	-3.04
FCF Margin	N/A	N/A	-1840.0%	N/A	N/A	-23.3%

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	-1000.0%	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	-1100.0%	N/A	N/A	N/A	N/A	N/A
Return on Equity	-19.0%-3.0pp	-15.9%-2.2pp	-13.8%	N/A	-8.2%-1.6pp	-6.6%+0.5pp	-7.1%	N/A
Return on Assets	-4.7%+3.4pp	-8.1%-0.3pp	-7.8%	N/A	-5.2%-0.9pp	-4.4%+0.4pp	-4.8%	N/A
Current Ratio	1.86+1.7	0.19-0.3	0.48-0.3	0.81-0.4	1.18-0.4	1.59-0.5	2.06-0.7	2.80
Debt-to-Equity	0.36-0.2	0.59+0.1	0.50+0.1	0.43+0.0	0.39+0.0	0.35+0.0	0.33+0.0	0.30
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 (0.81), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Glassbridge's annual revenue?

Glassbridge (GLAE) reported $100K in total revenue for fiscal year 2022. This represents a 0.0% 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 Glassbridge's revenue growing?

Glassbridge (GLAE) revenue grew by 0% year-over-year, from $100K to $100K in fiscal year 2022.

Is Glassbridge profitable?

No, Glassbridge (GLAE) reported a net income of -$3.0M in fiscal year 2022, with a net profit margin of -3000.0%.

How much debt does Glassbridge have?

As of fiscal year 2022, Glassbridge (GLAE) had $1.2M in cash and equivalents against $3.9M in long-term debt.

What is Glassbridge's operating margin?

Glassbridge (GLAE) had an operating margin of -3000.0% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is Glassbridge's net profit margin?

Glassbridge (GLAE) had a net profit margin of -3000.0% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is Glassbridge's return on equity (ROE)?

Glassbridge (GLAE) has a return on equity of -33.0% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

What is Glassbridge's operating cash flow?

Glassbridge (GLAE) generated -$2.7M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Glassbridge's total assets?

Glassbridge (GLAE) had $14.6M in total assets as of fiscal year 2022, including both current and long-term assets.

How many shares does Glassbridge have outstanding?

Glassbridge (GLAE) had 25,170 shares outstanding as of fiscal year 2022.

What is Glassbridge's current ratio?

Glassbridge (GLAE) had a current ratio of 0.81 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Glassbridge's debt-to-equity ratio?

Glassbridge (GLAE) had a debt-to-equity ratio of 0.43 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Glassbridge's return on assets (ROA)?

Glassbridge (GLAE) had a return on assets of -20.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Glassbridge's cash runway?

Based on fiscal year 2022 data, Glassbridge (GLAE) had $1.2M in cash against an annual operating cash burn of $2.7M. This gives an estimated cash runway of approximately 5 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 Glassbridge's Piotroski F-Score?

Glassbridge (GLAE) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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 Glassbridge's earnings high quality?

Glassbridge (GLAE) has an earnings quality ratio of 0.90x, 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 Glassbridge cover its interest payments?

Glassbridge (GLAE) has an interest coverage ratio of -10.0x, 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.