GOLOGIQ INC Financials
This page shows GOLOGIQ INC (GOLQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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).
External funding, not self-financing operations, is the dominant mechanic visible in the company’s usable recent filings.
Between FY2020 and FY2022, share count rose from 5.7M to 40.4M. By FY2022, cash was only$35K while liabilities reached$2.1M , suggesting new capital was mostly absorbed by losses and obligations rather than stored as a cash buffer.
The balance sheet did not strengthen as the capital structure expanded: FY2019 already showed
The usable cash-flow evidence points to financing replacing operations: FY2020 used
Financial Health Signals
We are recalculating GOLOGIQ INC'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.
Key Financial Metrics
Earnings & Revenue
Cash & Balance Sheet
GOLOGIQ INC held $35K in cash against $0 in long-term debt as of fiscal year 2022.
GOLOGIQ INC had 40M shares outstanding in fiscal year 2022.
Margins & Returns
Capital Allocation
GOLQ Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0-100.0% | $3K-96.4% | $72K | N/A | $335K-79.5% | $1.6M-50.6% | $3.3M | N/A |
| Cost of Revenue | $0-100.0% | $1K-96.2% | $39K | N/A | $180K-79.4% | $873K-60.9% | $2.2M | N/A |
| Gross Profit | $0-100.0% | $1K-96.7% | $33K | N/A | $155K-79.6% | $760K-29.2% | $1.1M | N/A |
| R&D Expenses | $0 | N/A | $55K | N/A | $321K-67.1% | $975K-10.6% | $1.1M | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | $512K+18.4% | $432K-68.4% | $1.4M | N/A |
| Operating Income | N/A | N/A | N/A | N/A | -$677K-4.7% | -$647K+53.5% | -$1.4M | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | -$677K-4.7% | -$647K+53.5% | -$1.4M | N/A |
| EPS (Diluted) | $-0.00+89.5% | $-0.02+48.6% | $-0.04 | N/A | $-0.02-5.6% | $-0.02+65.4% | $-0.05 | N/A |
GOLQ Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $237-91.8% | $3K-97.5% | $115K+227.6% | $35K-99.9% | $31.8M+0.1% | $31.8M+0.2% | $31.7M | $0 |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $237-91.8% | $3K-97.5% | $115K+227.6% | $35K | $0 | $0 | $0 | $0 |
| 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 | $0 | $0-100.0% | $7.5M0.0% | $7.5M0.0% | $7.5M | N/A |
| Total Liabilities | $2.1M+13.3% | $1.8M-6.5% | $2.0M-6.2% | $2.1M-93.7% | $33.3M+0.2% | $33.2M+0.2% | $33.2M | $0 |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.1M-13.4% | -$1.8M+0.9% | -$1.9M+10.2% | -$2.1M-39.6% | -$1.5M-2.6% | -$1.4M-1.0% | -$1.4M | $0 |
| Retained Earnings | -$12.6M-2.7% | -$12.3M-24.3% | -$9.9M-24.1% | -$8.0M-30.0% | -$6.1M-12.4% | -$5.5M-13.4% | -$4.8M-40.6% | -$3.4M |
GOLQ Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | -$12K-118.3% | $66K | N/A | -$465K+5.3% | -$491K+19.7% | -$611K+60.7% | -$1.6M |
| 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 | N/A | $427K-10.5% | $477K+157.9% | -$823K | N/A |
| Financing Cash Flow | N/A | N/A | $14K+108.0% | -$172K-552.2% | $38K+171.1% | $14K-99.0% | $1.4M-7.7% | $1.6M |
| 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 |
GOLQ Financial Ratios
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 42.3%-4.0pp | 46.3% | N/A | 46.4%-0.2pp | 46.6%+14.1pp | 32.5% | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | -202.2%-162.6pp | -39.6%+2.4pp | -42.0% | N/A |
| Net Margin | N/A | N/A | N/A | N/A | -202.2%-162.6pp | -39.6%+2.4pp | -42.0% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | -2.1%-0.1pp | -2.0%+2.3pp | -4.4% | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | -1.000.0 | -1.00+0.1 | -1.06-0.0 | -1.02+21.4 | -22.40+0.5 | -22.95+0.2 | -23.13 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$2.1M), 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.
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Frequently Asked Questions
What are GOLOGIQ INC's total assets?
GOLOGIQ INC (GOLQ) had $35K in total assets as of fiscal year 2022, including both current and long-term assets.
What is GOLOGIQ INC's debt-to-equity ratio?
GOLOGIQ INC (GOLQ) had a debt-to-equity ratio of -1.02 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
Why is GOLOGIQ INC's debt-to-equity ratio negative or unusual?
GOLOGIQ INC (GOLQ) has negative shareholder equity of -$2.1M as of fiscal year 2022, 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.