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GOLOGIQ INC Financials

GOLQ
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2023 Currency USD FYE December

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).

Rhea AI GOLQ FY2022

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 -$7K of equity, and FY2022 showed -$2.1M. With assets of just $35K in FY2022, creditor claims dominated the financial structure, leaving very little asset backing behind it.

The usable cash-flow evidence points to financing replacing operations: FY2020 used $13.8K in operating cash and brought in $18.4K from financing. That means the business was not yet replenishing its own cash internally, so even modest operating needs depended on outside capital.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 2 / 100
Financial Profile 2/100

Based on FY2022 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of GOLOGIQ INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
N/A
EPS (Diluted)
$-0.13

GOLOGIQ INC earned $-0.13 per diluted share (EPS) in fiscal year 2022. This represents a decrease of 2.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$35K

GOLOGIQ INC held $35K in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share
N/A
Shares Outstanding
40M

GOLOGIQ INC had 40M shares outstanding in fiscal year 2022. This represents an increase of 605.7% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

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

GOLOGIQ INC (GOLQ) reported diluted earnings per share of $-0.13 for fiscal year 2022. 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.

GOLOGIQ INC (GOLQ) had $35K in total assets as of fiscal year 2022, including both current and long-term assets.

GOLOGIQ INC (GOLQ) had 40M shares outstanding as of fiscal year 2022.

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.

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.

GOLOGIQ INC (GOLQ) scores 2 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.

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