Global Warm Financials
This page shows Global Warm (GWSO) 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).
Financial Health Signals
Global Warm passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Global Warm generates $1.14 in operating cash flow (-$586K OCF vs -$516K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Global Warm generated $0 in revenue in fiscal year 2023.
Global Warm's EBITDA was -$412K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 66.2% from the prior year.
Global Warm reported -$516K in net income in fiscal year 2023. This represents an increase of 59.6% from the prior year.
Global Warm held $29K in cash against $0 in long-term debt as of fiscal year 2023.
Global Warm had 16M shares outstanding in fiscal year 2023. This represents an increase of 1.5% from the prior year.
Global Warm invested $151K in research and development in fiscal year 2023. This represents a decrease of 73.7% from the prior year.
GWSO Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| R&D Expenses | $3K | $0 | $0 | $0-100.0% | $10K-92.9% | $141K-43.6% | $250K+41.8% | $176K |
| SG&A Expenses | $16K-58.2% | $38K+32.7% | $29K+117.0% | -$169K-287.4% | $90K-11.7% | $102K+8.1% | $95K-35.5% | $146K |
| Operating Income | -$33K+55.4% | -$73K-3.5% | -$71K-207.9% | $65K+157.7% | -$113K+56.6% | -$261K+28.1% | -$363K-6.9% | -$340K |
| Interest Expense | N/A | $285K | N/A | $9K+219.8% | $3K-81.7% | $14K | N/A | $0 |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$47K+87.3% | -$371K-381.0% | -$77K-413.4% | -$15K+87.3% | -$118K+54.2% | -$258K+40.7% | -$434K-65.0% | -$263K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
GWSO Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $20K-62.8% | $53K-83.4% | $321K+35.0% | $238K+25.6% | $189K-18.0% | $231K-22.1% | $296K-2.4% | $303K |
| Current Assets | $1K-95.5% | $32K-89.1% | $297K+41.6% | $210K+179.0% | $75K-33.3% | $113K-35.4% | $174K-1.8% | $177K |
| Cash & Equivalents | $0-100.0% | $3K | $0-100.0% | $29K | $0-100.0% | $23K+29077.2% | $79-99.8% | $48K |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $515K+0.2% | $514K+20.1% | $428K+21.3% | $353K-41.4% | $603K+14.6% | $526K+21.5% | $433K+7555.7% | $6K |
| Current Liabilities | $515K+0.2% | $514K+20.1% | $428K+21.3% | $353K-41.4% | $603K+14.6% | $526K+21.5% | $433K+7555.7% | $6K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$495K-7.5% | -$461K-329.0% | -$107K+6.9% | -$115K+72.1% | -$413K-40.0% | -$295K-116.2% | -$137K-145.9% | $298K |
| Retained Earnings | -$6.1M-0.8% | -$6.1M-6.5% | -$5.7M-1.4% | -$5.6M-2.6% | -$5.5M-2.2% | -$5.4M-5.0% | -$5.1M-9.3% | -$4.7M |
GWSO Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$34K+58.5% | -$81K+56.4% | -$186K+14.7% | -$219K-437.6% | -$41K+73.9% | -$156K+55.1% | -$347K-1.4% | -$343K |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0 | $0+100.0% | -$359 | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$41K+73.9% | -$156K+55.1% | -$348K-1.5% | -$343K |
| Investing Cash Flow | $6K | $0 | $0-100.0% | $72K | $0 | $0 | $0-100.0% | $6K |
| Financing Cash Flow | $25K-70.9% | $84K-46.6% | $158K+139.7% | $66K+273.9% | $18K-90.2% | $179K-40.3% | $300K | $0 |
| 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 |
GWSO Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -237.7%+456.8pp | -694.5%-670.5pp | -24.0%-17.7pp | -6.3%+56.1pp | -62.4%+49.3pp | -111.7%+34.9pp | -146.6%-59.9pp | -86.7% |
| Current Ratio | 0.00-0.1 | 0.06-0.6 | 0.69+0.1 | 0.59+0.5 | 0.12-0.1 | 0.21-0.2 | 0.40-31.0 | 31.39 |
| Debt-to-Equity | -1.04+0.1 | -1.12+2.9 | -3.99-0.9 | -3.06-1.6 | -1.46+0.3 | -1.78+1.4 | -3.17-3.2 | 0.02 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$115K), 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 (0.59), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Global Warm's annual revenue?
Global Warm (GWSO) reported $0 in total revenue for fiscal year 2023. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Global Warm profitable?
No, Global Warm (GWSO) reported a net income of -$516K in fiscal year 2023.
What is Global Warm's EBITDA?
Global Warm (GWSO) had EBITDA of -$412K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Global Warm's operating cash flow?
Global Warm (GWSO) generated -$586K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Global Warm's total assets?
Global Warm (GWSO) had $238K in total assets as of fiscal year 2023, including both current and long-term assets.
How much does Global Warm spend on research and development?
Global Warm (GWSO) invested $151K in research and development during fiscal year 2023.
How many shares does Global Warm have outstanding?
Global Warm (GWSO) had 16M shares outstanding as of fiscal year 2023.
What is Global Warm's current ratio?
Global Warm (GWSO) had a current ratio of 0.59 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Global Warm's debt-to-equity ratio?
Global Warm (GWSO) had a debt-to-equity ratio of -3.06 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Global Warm's return on assets (ROA)?
Global Warm (GWSO) had a return on assets of -217.3% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Global Warm's cash runway?
Based on fiscal year 2023 data, Global Warm (GWSO) had $29K in cash against an annual operating cash burn of $586K. 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 Global Warm's debt-to-equity ratio negative or unusual?
Global Warm (GWSO) has negative shareholder equity of -$115K as of fiscal year 2023, 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 Global Warm's Piotroski F-Score?
Global Warm (GWSO) has a Piotroski F-Score of 2 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 Global Warm's earnings high quality?
Global Warm (GWSO) has an earnings quality ratio of 1.14x, 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.