Grapefruit Usa Inc Financials
This page shows Grapefruit Usa Inc (GPFT) 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 FY2021 annual data. Scores normalized against common benchmarks. How we calculate these scores
Grapefruit Usa Inc has an operating margin of -410.1%, meaning the company retains $-410 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 -32.9% the prior year.
Grapefruit Usa Inc's revenue declined 84% year-over-year, from $3.7M to $589K. This contraction results in a growth score of 0/100.
Grapefruit Usa Inc's current ratio of 0.09 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 Grapefruit Usa Inc generated -$1.2M in operating cash flow, capex of $62K consumed most of it, leaving -$1.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Grapefruit Usa Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Grapefruit Usa Inc generates $0.22 in operating cash flow (-$1.2M OCF vs -$5.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Grapefruit Usa Inc earns $-1.4 in operating income for every $1 of interest expense (-$2.4M vs $1.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Grapefruit Usa Inc generated $589K in revenue in fiscal year 2021. This represents a decrease of 84.0% from the prior year.
Grapefruit Usa Inc's EBITDA was -$2.3M in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 106.7% from the prior year.
Grapefruit Usa Inc generated -$1.3M in free cash flow in fiscal year 2021, representing cash available after capex. This represents an increase of 23.6% from the prior year.
Grapefruit Usa Inc reported -$5.5M in net income in fiscal year 2021. This represents a decrease of 35.7% from the prior year.
Grapefruit Usa Inc held $9K in cash against $0 in long-term debt as of fiscal year 2021.
Grapefruit Usa Inc had 557M shares outstanding in fiscal year 2021. This represents an increase of 10.2% from the prior year.
Grapefruit Usa Inc's gross margin was -90.0% in fiscal year 2021, indicating the percentage of revenue retained after direct costs. This is down 97.7 percentage points from the prior year.
Grapefruit Usa Inc's operating margin was -410.1% in fiscal year 2021, reflecting core business profitability. This is down 377.3 percentage points from the prior year.
Grapefruit Usa Inc's net profit margin was -934.7% in fiscal year 2021, showing the share of revenue converted to profit. This is down 824.2 percentage points from the prior year.
Grapefruit Usa Inc invested $62K in capex in fiscal year 2021, funding long-term assets and infrastructure. This represents an increase of 101.5% from the prior year.
GPFT Income Statement
| Metric | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3K-87.7% | $24K+325.9% | $6K+159.5% | $2K-98.6% | $153K+86.1% | $82K-76.5% | $351K-67.9% | $1.1M |
| Cost of Revenue | $63K-61.4% | $162K+126.1% | $72K-62.7% | $192K-44.4% | $346K+120.2% | $157K-62.9% | $423K-57.8% | $1.0M |
| Gross Profit | -$60K+56.8% | -$138K-109.0% | -$66K+65.2% | -$190K+1.2% | -$193K-157.9% | -$75K-2.8% | -$73K-182.4% | $88K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $342K-53.1% | $728K+225.0% | $224K+30.2% | $172K-58.2% | $411K-22.3% | $529K+31.8% | $401K+17.1% | $343K |
| Operating Income | -$403K+53.5% | -$866K-183.4% | -$306K+58.0% | -$728K-19.8% | -$608K-0.9% | -$602K-26.1% | -$478K-50.3% | -$318K |
| Interest Expense | $765K-59.1% | $1.9M+532.0% | $296K-30.5% | $426K+9.7% | $388K-13.5% | $449K+6.6% | $421K-44.2% | $755K |
| Income Tax | $0-100.0% | $800 | $0 | N/A | N/A | $800 | N/A | N/A |
| Net Income | -$758K+44.5% | -$1.4M-181.9% | -$484K+72.5% | -$1.8M-79.2% | -$982K+27.1% | -$1.3M+4.9% | -$1.4M-123.6% | $6.0M |
| EPS (Diluted) | $-0.01+66.7% | $-0.03 | $0.00 | N/A | N/A | N/A | N/A | N/A |
GPFT Balance Sheet
| Metric | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.7M+13.6% | $2.4M-13.2% | $2.8M-2.1% | $2.8M-7.3% | $3.0M-3.7% | $3.2M-5.5% | $3.3M+9.5% | $3.0M |
| Current Assets | $644K+59.3% | $405K-42.3% | $701K-1.9% | $714K-15.8% | $848K-22.2% | $1.1M-12.9% | $1.3M+32.0% | $949K |
| Cash & Equivalents | $24K+368.4% | $5K-2.3% | $5K-43.3% | $9K-75.6% | $37K-80.2% | $188K-57.3% | $441K+47.0% | $300K |
| Inventory | $338K-0.5% | $339K-11.5% | $383K-1.6% | $389K-5.2% | $411K-24.0% | $540K+10.1% | $491K-2.3% | $502K |
| Accounts Receivable | $23K+2.7% | $22K-92.0% | $278K0.0% | $278K-2.5% | $286K+25.2% | $228K-7.2% | $246K+523.8% | $39K |
| Goodwill | N/A | N/A | $250K0.0% | $250K0.0% | $250K | N/A | N/A | N/A |
| Total Liabilities | $8.8M+7.9% | $8.2M-9.2% | $9.0M+4.6% | $8.6M+19.0% | $7.3M+8.1% | $6.7M-26.1% | $9.1M+17.4% | $7.7M |
| Current Liabilities | $7.9M+8.7% | $7.3M-10.1% | $8.1M+5.1% | $7.7M+61.0% | $4.8M+7.4% | $4.5M-35.5% | $6.9M+57.9% | $4.4M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$6.1M-5.6% | -$5.8M+7.5% | -$6.3M-7.9% | -$5.8M-37.9% | -$4.2M-18.4% | -$3.6M+38.0% | -$5.7M-22.6% | -$4.7M |
| Retained Earnings | -$19.4M-4.1% | -$18.7M-7.9% | -$17.3M-2.9% | -$16.8M-11.7% | -$15.1M-7.0% | -$14.1M-10.6% | -$12.7M-12.5% | -$11.3M |
GPFT Cash Flow Statement
| Metric | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$36K-50.5% | -$24K+90.7% | -$257K-25.7% | -$205K-7.0% | -$191K+65.0% | -$546K-109.2% | -$261K+63.5% | -$716K |
| Capital Expenditures | N/A | N/A | $0 | $0-100.0% | $6K-78.4% | $26K-14.3% | $31K+459.3% | $5K |
| Free Cash Flow | N/A | N/A | -$39K+81.0% | -$205K-3.9% | -$197K+65.6% | -$572K-96.3% | -$292K+59.6% | -$721K |
| Investing Cash Flow | N/A | N/A | $0 | $0+100.0% | -$6K+78.7% | -$26K+14.3% | -$31K-459.3% | -$5K |
| Financing Cash Flow | $55K+128.8% | $24K-90.6% | $253K+43.5% | $177K+282.6% | $46K-85.6% | $319K-26.2% | $433K-49.4% | $855K |
| 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 |
GPFT Financial Ratios
| Metric | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -2018.8%-1443.6pp | -575.1%+596.8pp | -1171.9%+7568.4pp | -8740.3%-8614.8pp | -125.5%-35.0pp | -90.5%-69.8pp | -20.7%-28.8pp | 8.1% |
| Operating Margin | -13593.2%-9992.6pp | -3600.5%+1811.0pp | -5411.5%+28024.7pp | -33436.2%-33040.3pp | -396.0%+334.2pp | -730.1%-594.0pp | -136.2%-107.0pp | -29.1% |
| Net Margin | -25597.8%-19924.0pp | -5673.8%+2897.0pp | -8570.9%+72251.4pp | -80822.3%-80182.5pp | -639.7%+992.7pp | -1632.5%-1228.7pp | -403.8%-954.5pp | 550.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -27.9%+29.2pp | -57.1%-39.5pp | -17.6%+44.9pp | -62.5%-30.2pp | -32.3%+10.4pp | -42.7%-0.2pp | -42.4%-239.7pp | 197.2% |
| Current Ratio | 0.08+0.0 | 0.06-0.0 | 0.090.0 | 0.09-0.1 | 0.18-0.1 | 0.24+0.1 | 0.18-0.0 | 0.22 |
| Debt-to-Equity | -1.44-0.0 | -1.41+0.0 | -1.44+0.0 | -1.49+0.2 | -1.72+0.2 | -1.89-0.3 | -1.58+0.1 | -1.65 |
| FCF Margin | N/A | N/A | -334.4%+9073.3pp | -9407.8%-9279.4pp | -128.4%+565.4pp | -693.8%-610.7pp | -83.1%-17.1pp | -66.0% |
Note: Shareholder equity is negative (-$5.8M), 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 (0.09), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Grapefruit Usa Inc's annual revenue?
Grapefruit Usa Inc (GPFT) reported $589K in total revenue for fiscal year 2021. This represents a -84.0% 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 Grapefruit Usa Inc's revenue growing?
Grapefruit Usa Inc (GPFT) revenue declined by 84% year-over-year, from $3.7M to $589K in fiscal year 2021.
Is Grapefruit Usa Inc profitable?
No, Grapefruit Usa Inc (GPFT) reported a net income of -$5.5M in fiscal year 2021, with a net profit margin of -934.7%.
What is Grapefruit Usa Inc's EBITDA?
Grapefruit Usa Inc (GPFT) had EBITDA of -$2.3M in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization.
What is Grapefruit Usa Inc's gross margin?
Grapefruit Usa Inc (GPFT) had a gross margin of -90.0% in fiscal year 2021, indicating the percentage of revenue retained after direct costs of goods sold.
What is Grapefruit Usa Inc's operating margin?
Grapefruit Usa Inc (GPFT) had an operating margin of -410.1% in fiscal year 2021, reflecting the profitability of core business operations before interest and taxes.
What is Grapefruit Usa Inc's net profit margin?
Grapefruit Usa Inc (GPFT) had a net profit margin of -934.7% in fiscal year 2021, representing the share of revenue converted into profit after all expenses.
What is Grapefruit Usa Inc's free cash flow?
Grapefruit Usa Inc (GPFT) generated -$1.3M in free cash flow during fiscal year 2021. This represents a 23.6% 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 Grapefruit Usa Inc's operating cash flow?
Grapefruit Usa Inc (GPFT) generated -$1.2M in operating cash flow during fiscal year 2021, representing cash generated from core business activities.
What are Grapefruit Usa Inc's total assets?
Grapefruit Usa Inc (GPFT) had $2.8M in total assets as of fiscal year 2021, including both current and long-term assets.
What are Grapefruit Usa Inc's capital expenditures?
Grapefruit Usa Inc (GPFT) invested $62K in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
How many shares does Grapefruit Usa Inc have outstanding?
Grapefruit Usa Inc (GPFT) had 557M shares outstanding as of fiscal year 2021.
What is Grapefruit Usa Inc's current ratio?
Grapefruit Usa Inc (GPFT) had a current ratio of 0.09 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.
What is Grapefruit Usa Inc's debt-to-equity ratio?
Grapefruit Usa Inc (GPFT) had a debt-to-equity ratio of -1.49 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Grapefruit Usa Inc's return on assets (ROA)?
Grapefruit Usa Inc (GPFT) had a return on assets of -195.5% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
What is Grapefruit Usa Inc's cash runway?
Based on fiscal year 2021 data, Grapefruit Usa Inc (GPFT) had $9K in cash against an annual operating cash burn of $1.2M. 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 Grapefruit Usa Inc's debt-to-equity ratio negative or unusual?
Grapefruit Usa Inc (GPFT) has negative shareholder equity of -$5.8M as of fiscal year 2021, 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 Grapefruit Usa Inc's Piotroski F-Score?
Grapefruit Usa Inc (GPFT) has a Piotroski F-Score of 1 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 Grapefruit Usa Inc's earnings high quality?
Grapefruit Usa Inc (GPFT) 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 Grapefruit Usa Inc cover its interest payments?
Grapefruit Usa Inc (GPFT) has an interest coverage ratio of -1.4x, 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 Grapefruit Usa Inc?
Grapefruit Usa Inc (GPFT) 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.