Gulfslope Financials
This page shows Gulfslope (GSPE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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
Gulfslope does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Gulfslope passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Gulfslope reported a net loss of $8.7M while operations used $1.4M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Gulfslope reported an operating loss of $8.4M against $512K 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
Gulfslope's EBITDA was -$8.4M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 341.0% from the prior year.
Gulfslope reported -$8.7M in net income in fiscal year 2022. This represents a decrease of 290.6% from the prior year.
Not reported for fiscal year 2022.
Cash & Balance Sheet
Gulfslope held $135K in cash as of fiscal year 2022; long-term debt is not reported for that period.
Not reported for fiscal year 2022.
Not reported for fiscal year 2022.
Margins & Returns
None of these metrics is reported for fiscal year 2022.
Capital Allocation
None of these metrics is reported for fiscal year 2022.
GSPE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 | FY08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | N/A | $1.5M-2.8% | $1.5M+37.1% | $1.1M-25.4% | $1.5M+20.7% | $1.2M+26.5% | $964K-41.8% | $1.7M-48.6% | $3.2M+29.0% | $2.5M+11.6% | $2.2M+45.5% | $1.5M+2580.2% | $57K+669.9% | $7K | N/A | N/A |
| Operating Income | N/A | -$8.4M-339.5% | -$1.9M+46.0% | -$3.5M+52.9% | -$7.5M-512.4% | -$1.2M+71.5% | -$4.3M+5.9% | -$4.5M-37.3% | -$3.3M+36.6% | -$5.2M | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | $512K-7.5% | $554K+1329.2% | $39K-97.9% | $1.8M+134.3% | $781K-41.1% | $1.3M+110.5% | $629K+80.3% | $349K+20.3% | $290K+205.6% | $95K+158210.0% | $60-98.2% | $3K-15.9% | $4K | N/A | N/A |
| Income Tax | N/A | N/A | N/A | $0 | $0 | $0 | $0 | N/A | $31K | N/A | N/A | N/A | $1000.0% | $100 | N/A | N/A |
| Net Income | N/A | -$8.7M-290.6% | -$2.2M+7.9% | -$2.4M+82.4% | -$13.7M-420.5% | -$2.6M+53.7% | -$5.7M-10.0% | -$5.2M-40.2% | -$3.7M+33.0% | -$5.5M | N/A | -$1.5M-2427.2% | -$61K-426.1% | -$12K-2.4% | -$11K+47.9% | -$22K |
| EPS (Diluted) | — | -$0.01 | $0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q4 FY2022 through Q3 FY2023, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GSPE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 | FY08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.5M-60.1% | $13.7M-14.8% | $16.1M-47.8% | $30.8M+53.2% | $20.1M+936.6% | $1.9M-58.9% | $4.7M-33.7% | $7.1M-13.9% | $8.3M+184.3% | $2.9M+286.1% | $752K+759.8% | $88K | $0 | N/A | N/A |
| Current Assets | $181K-88.5% | $1.6M-56.8% | $3.6M-62.7% | $9.8M-18.2% | $11.9M+25306.2% | $47K-71.6% | $166K-88.8% | $1.5M-75.1% | $5.9M+111.1% | $2.8M+274.3% | $752K+759.8% | $88K | N/A | N/A | N/A |
| Cash & Equivalents | $135K-91.1% | $1.5M-52.4% | $3.2M+180.1% | $1.1M-79.7% | $5.6M+87385.4% | $6K-90.0% | $64K-95.5% | $1.4M-67.6% | $4.4M+1321.8% | $310K-26.7% | $423K+383.4% | $88K | N/A | N/A | N/A |
| Accounts Receivable | $13K-96.8% | $400K+9.2% | $366K-95.7% | $8.5M+35.1% | $6.3M | N/A | $63K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $14.0M+2.6% | $13.6M-2.4% | $14.0M-55.1% | $31.1M+27.1% | $24.5M+84.7% | $13.3M+16.2% | $11.4M+13.0% | $10.1M+8.4% | $9.3M-24.5% | $12.3M+19510.4% | $63K+2681.3% | $2K-96.4% | $63K | N/A | N/A |
| Current Liabilities | $14.0M+2.6% | $13.6M-2.4% | $14.0M-55.1% | $31.1M+27.1% | $24.5M+84.7% | $13.3M+16.2% | $11.4M+13.0% | $10.1M+8.4% | $9.3M-0.2% | $9.3M+14737.1% | $63K+2681.3% | $2K-87.7% | $18K | N/A | N/A |
| Total Equity | -$8.5M-14339.4% | $60K-97.2% | $2.1M+772.8% | -$312K+92.9% | -$4.4M+61.2% | -$11.3M-69.1% | -$6.7M-123.8% | -$3.0M-181.5% | -$1.1M+88.7% | -$9.4M-1468.1% | $689K+708.8% | $85K+235.4% | -$63K-22.5% | -$51K-28.2% | -$40K |
| Retained Earnings | -$68.9M-14.4% | -$60.2M-3.8% | -$58.0M-4.3% | -$55.6M-32.8% | -$41.9M-6.7% | -$39.2M-17.0% | -$33.5M-18.3% | -$28.4M-15.0% | -$24.7M-28.8% | -$19.1M-1028.3% | -$1.7M-960.7% | -$160K-61.3% | -$99K | N/A | N/A |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
GSPE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 | FY08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$614K | -$1.4M+10.6% | -$1.6M-326.8% | -$366K+94.3% | -$6.4M-231.1% | $4.9M+1930.4% | -$267K+72.0% | -$952K+73.9% | -$3.6M+40.9% | -$6.2M-346.5% | -$1.4M-203.1% | -$456K-512.8% | -$74K-1314.2% | -$5K | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $14K-80.0% | $72K-6.5% | $77K | 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 | -$3.7M+41.4% | -$6.2M-327.7% | -$1.5M | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $22K | $14K-93.2% | $209K-95.9% | $5.1M+147.7% | -$10.6M-1668.2% | $678K+256.3% | -$434K+65.9% | -$1.3M | N/A | -$4.9M+24.5% | -$6.5M | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | -$321K+87.9% | -$2.7M-121.1% | $12.5M+23991.5% | $52K-91.9% | $643K-25.3% | $860K | N/A | $15.2M+95.9% | $7.7M+877.2% | $792K+388.8% | $162K+2977.2% | $5K | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2022 through Q3 FY2023, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
GSPE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | FY09 | FY08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity | N/A | -3720.8%-3605.9pp | -114.9% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -223.0%-151.6pp | -71.4% | N/A | N/A | N/A |
| Return on Assets | -159.0%-142.7pp | -16.3%-1.2pp | -15.0%+29.5pp | -44.6%-31.5pp | -13.1%+280.6pp | -293.8%-184.0pp | -109.7%-57.8pp | -51.9%+14.8pp | -66.7% | N/A | -204.3%-134.8pp | -69.5% | N/A | N/A | N/A |
| Current Ratio | 0.01-0.1x | 0.12-0.1x | 0.26-0.1x | 0.31-0.2x | 0.49+0.5x | 0.000.0x | 0.01-0.1x | 0.15-0.5x | 0.64+0.3x | 0.30-11.7x | 11.96-26.7x | 38.68 | N/A | N/A | N/A |
| Debt-to-Equity | N/A | 227.94+221.3x | 6.65 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.09+0.1x | 0.03 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$8.5M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Gulfslope Ranks
Frequently Asked Questions
Is Gulfslope profitable?
No, Gulfslope (GSPE) reported a net income of -$8.7M in fiscal year 2022.
What is Gulfslope's EBITDA?
Gulfslope (GSPE) had EBITDA of -$8.4M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
What is Gulfslope's operating cash flow?
Gulfslope (GSPE) recorded an outflow of $1.4M in operating cash flow during fiscal year 2022, representing cash used by core business activities.
What are Gulfslope's total assets?
Gulfslope (GSPE) had $5.5M in total assets as of fiscal year 2022, including both current and long-term assets.
What is Gulfslope's current ratio?
Gulfslope (GSPE) had a current ratio of 0.01 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Gulfslope's return on assets (ROA)?
Gulfslope (GSPE) had a return on assets of -159.0% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Gulfslope's cash runway?
Based on fiscal year 2022 data, Gulfslope (GSPE) had $135K in cash against an annual operating cash burn of $1.4M. This gives an estimated cash runway of approximately 1 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 Gulfslope's debt-to-equity ratio negative or not reported?
Gulfslope (GSPE) has negative shareholder equity of -$8.5M as of fiscal year 2022, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Gulfslope's Piotroski F-Score?
Gulfslope (GSPE) has a Piotroski F-Score of 2 out of 6 computable signals; 3 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 Gulfslope's earnings high quality?
Gulfslope (GSPE) reported a net loss of $8.7M while operations used $1.4M of cash. With neither figure positive, 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.
Can Gulfslope cover its interest payments?
Gulfslope (GSPE) reported an operating loss of $8.4M against $512K 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.