Graphex Group (GRFXY) Financials
Newest figures come from the filing for FY2022, filed May 10, 2023. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the GRFXY SEC filings page.
Graphex Group (GRFXY) reported $43.7M in revenue for fiscal year 2022, down 12.7% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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.
Graphex converts an accounting loss into positive cash flow, but heavy overhead and a tight current balance sheet shape operations.
Despite a net loss of$12.6M , operating cash flow was$5.5M , so reported earnings and cash movement point in different directions. Free cash flow of$5.4M and depreciation and amortization of$8.5M help explain the gap, but positive cash generation was not matched by accounting profitability.
The reported 35.1% gross margin was outweighed by SG&A consuming
Capital spending was only
Financial Health Signals
We do not publish a peer-relative financial health score for Graphex Group, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Graphex Group passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Graphex Group reported a net loss of $12.6M while generating $5.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Graphex Group reported an operating loss of $7.5M against $428K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Graphex Group generated $43.7M in revenue in fiscal year 2022. This represents a decrease of 12.7% from the prior year.
Graphex Group's EBITDA was $936K in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. The change from the prior year is not meaningful, because that figure was zero or negative.
Graphex Group reported a net loss of $12.6M in fiscal year 2022. The change from the prior year is not meaningful, because that figure was zero or negative.
Not reported for fiscal year 2022.
Cash & Balance Sheet
Graphex Group generated $5.4M in free cash flow in fiscal year 2022, representing cash available after capex. The change from the prior year is not meaningful, because that figure was zero or negative.
Graphex Group held $4.0M in cash against $1.9M in long-term debt as of fiscal year 2022, with $36.7M of liabilities due within a year.
Not reported for fiscal year 2022.
Margins & Returns
Graphex Group's gross margin was 35.1% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is down 2.8 percentage points from the prior year.
Graphex Group's operating margin was -17.2% in fiscal year 2022, reflecting core business profitability. This is up 2.2 percentage points from the prior year.
Graphex Group's net profit margin was -28.9% in fiscal year 2022, showing the share of revenue converted to profit. This is up 3.9 percentage points from the prior year.
Graphex Group's ROE was -27.9% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is up 62.2 percentage points from the prior year.
Capital Allocation
Graphex Group invested $2.1M in research and development in fiscal year 2022. This represents a decrease of 27.7% from the prior year.
Graphex Group invested $55K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 47.1% from the prior year.
Not reported for fiscal year 2022.
GRFXY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22Filing | FY21Filing | FY20Filing |
|---|---|---|---|
| Revenue | $43.7M-12.7% | $50.1M0.0% | $50.2M |
| Cost of Revenue | $28.4M-8.8% | $31.1M+4.1% | $29.9M |
| Gross Profit | $15.4M-19.1% | $19.0M-6.1% | $20.3M |
| R&D Expenses | $2.1M-27.7% | $2.9M+33.4% | $2.2M |
| SG&A Expenses | $19.3M-16.8% | $23.2M+12.7% | $20.6M |
| Operating Income | -$7.5Mn/m | -$9.8Mn/m | -$8.7M |
| EBITDA | $936Kn/m | -$363K-149.6% | $733K |
| Interest Expense | $428K-52.0% | $893K-0.6% | $898K |
| Income Tax | -$421K-1125.3% | $41Kn/m | -$1.0M |
| Net Income | -$12.6Mn/m | -$16.4Mn/m | -$12.4M |
| EPS (Basic) | -$0.02n/m | -$0.03n/m | -$0.03 |
Not reported in any period shown, so not listed: EPS (Diluted), Diluted Shares (Avg).
GRFXY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22Filing | FY21Filing | FY20Filing |
|---|---|---|---|
| Total Assets | $112.2M-18.5% | $137.7M-2.6% | $141.4M |
| Current Assets | $30.1M-21.3% | $38.3M | N/A |
| Cash & Equivalents | $4.0M+4.1% | $3.9M-20.3% | $4.9M |
| Short-Term Investments | N/A | $0n/m | $0 |
| Inventory | $2.2M-55.3% | $4.8M | N/A |
| Accounts Receivable | $13.0M-11.8% | $14.7M | N/A |
| Long-Term Investments | N/A | N/A | $0 |
| Goodwill | $13.1M0.0% | $13.1M-0.6% | $13.1M |
| Total Liabilities | $68.2M-43.3% | $120.3M-0.4% | $120.8M |
| Current Liabilities | $36.7M-23.6% | $48.0M | N/A |
| Non-Current Liabilities | $31.5M-56.4% | $72.3M | N/A |
| Long-Term Debt | $1.9M+7.4% | $1.8M | N/A |
| Total Equity | $45.3M+148.7% | $18.2M-11.8% | $20.6M |
| Retained Earnings | -$58.3Mn/m | -$45.3M | N/A |
GRFXY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22Filing | FY21Filing | FY20Filing |
|---|---|---|---|
| Operating Cash Flow | $5.5Mn/m | -$3.7M-570.9% | $792K |
| Depreciation & Amortization | $8.5M-9.8% | $9.4M-0.9% | $9.5M |
| Stock-Based Compensation | N/A | $67K | N/A |
| Capital Expenditures | $55K-47.1% | $104K-93.9% | $1.7M |
| Free Cash Flow | $5.4Mn/m | -$3.8Mn/m | -$912K |
| Investing Cash Flow | -$11.5Mn/m | -$405Kn/m | -$774K |
| Financing Cash Flow | $6.7M+181.8% | $2.4Mn/m | -$1.3M |
| Dividends Paid | $8K | N/A | $32K |
Not reported in any period shown, so not listed: Share Buybacks.
GRFXY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY22Filing | FY21Filing | FY20Filing |
|---|---|---|---|
| Gross Margin | 35.1%-2.8pp | 37.9%-2.4pp | 40.4% |
| Operating Margin | -17.2%+2.2pp | -19.4%-2.0pp | -17.4% |
| Net Margin | -28.9%+3.9pp | -32.7%-8.0pp | -24.8% |
| Return on Equity | -27.9%+62.2pp | -90.1%-29.9pp | -60.2% |
| Return on Assets | -11.3%+0.7pp | -11.9%-3.1pp | -8.8% |
| Current Ratio | 0.820.0x | 0.80 | N/A |
| Debt-to-Equity | 0.04-0.1x | 0.10 | N/A |
| Liabilities-to-Equity | 1.51-5.1x | 6.60+0.8x | 5.85 |
| Asset Turnover | 0.390.0x | 0.360.0x | 0.35 |
| FCF Margin | 12.3%+20.0pp | -7.6%-5.8pp | -1.8% |
Note: The current ratio is below 1.0 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Graphex Group Ranks
Frequently Asked Questions
Graphex Group (GRFXY) reported $43.7M in total revenue for fiscal year 2022. This represents a -12.7% 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.
Graphex Group (GRFXY) revenue declined by 12.7% year-over-year, from $50.1M to $43.7M in fiscal year 2022.
No, Graphex Group (GRFXY) reported a net loss of $12.6M in fiscal year 2022, with a net profit margin of -28.9%.
Graphex Group (GRFXY) had EBITDA of $936K in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2022, Graphex Group (GRFXY) had $4.0M in cash and equivalents against $1.9M in long-term debt.
Graphex Group (GRFXY) had a gross margin of 35.1% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
Graphex Group (GRFXY) had an operating margin of -17.2% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
Graphex Group (GRFXY) had a net profit margin of -28.9% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
Graphex Group (GRFXY) has a return on equity of -27.9% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
Graphex Group (GRFXY) generated $5.4M in free cash flow during fiscal year 2022. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
Graphex Group (GRFXY) generated $5.5M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
Graphex Group (GRFXY) had $112.2M in total assets as of fiscal year 2022, including both current and long-term assets.
Graphex Group (GRFXY) invested $55K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
Graphex Group (GRFXY) invested $2.1M in research and development during fiscal year 2022.
Graphex Group (GRFXY) had a current ratio of 0.82 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
Graphex Group (GRFXY) had a debt-to-equity ratio of 0.04 as of fiscal year 2022. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Graphex Group (GRFXY) had a liabilities-to-equity ratio of 1.51 as of fiscal year 2022, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Graphex Group (GRFXY) had a return on assets of -11.3% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
Graphex Group (GRFXY) has a Piotroski F-Score of 5 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Graphex Group (GRFXY) reported a net loss of $12.6M while generating $5.5M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.
Graphex Group (GRFXY) reported an operating loss of $7.5M against $428K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.