Gz6G Technologies Corp Financials

GZIC

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2023 Currency USD FYE December

This page shows Gz6G Technologies Corp (GZIC) financial statements, including the 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 (10-K and 10-Q reports).

Rhea AI GZIC FY2022 2026-04-22

External financing is carrying a tiny-revenue business whose gross margin improved far faster than its cash economics.

Across the last three annual periods, gross margin reached 91.8% even as operating cash flow fell to -$2.51M. That combination says delivery costs are no longer the main constraint; the business is being limited by an overhead base that current sales still do not absorb, and FY2022 cash burn was largely supplied by financing inflows of $2.34M.

Selling and administrative expense of $2.96M against revenue of $222K means the company currently operates with a corporate cost structure far larger than its commercial base. Even a very high gross margin will not translate into self-funding operations until that overhead is spread across much more revenue.

Total liabilities ended FY2022 at $9.35M, while long-term debt was only $44K, so the balance-sheet burden is not mainly conventional borrowing. With negative equity of -$7.98M, leverage ratios become less informative than the simpler question of whether operations can reduce the liability stack without new financing.

Financial Health Signals

Financial health score pending refresh

We are recalculating Gz6G Technologies Corp's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

3/5

Gz6G Technologies Corp passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Key Financial Metrics

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Earnings & Revenue

Revenue

$222K

YoY+184.5%

Gz6G Technologies Corp generated $222K in revenue in fiscal year 2022. This represents an increase of 184.5% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$2.6M

YoY-61.7%

Gz6G Technologies Corp generated -$2.6M in free cash flow in fiscal year 2022, representing cash available after capex. This represents a decrease of 61.7% from the prior year.

Cash & Debt

$507K

YoY-33.3%

Gz6G Technologies Corp held $507K in cash against $44K in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

71M

YoY+185.1%

Gz6G Technologies Corp had 71M shares outstanding in fiscal year 2022. This represents an increase of 185.1% from the prior year.

Margins & Returns

Gross Margin

91.8%

YoY+47.0pp

Gz6G Technologies Corp's gross margin was 91.8% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 47.0 percentage points from the prior year.

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

$108K

YoY-57.2%

Gz6G Technologies Corp invested $108K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 57.2% from the prior year.

GZIC Income Statement

Metric	FY22	FY23	FY20
Revenue	$222K+184.5%	$78K+777.7%	$9K
Cost of Revenue	$18K-57.6%	$43K+314.6%	$10K
Gross Profit	$204K+483.9%	$35K+2405.3%	-$2K
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$3.0M+207.0%	$963K+315.0%	$232K
Operating Income	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A
Net Income	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A

Metric	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21
Revenue	$71K-49.6%	$140K+87.0%	$75K+1772.3%	$4K+33.3%	$3K	N/A	$132K	N/A
Cost of Revenue	$39K+201.6%	$13K+245.5%	$4K+859.3%	$393-63.9%	$1K	N/A	$33K	N/A
Gross Profit	$31K-75.4%	$127K+78.6%	$71K+1871.7%	$4K+88.7%	$2K	N/A	$99K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	$3K0.0%	$3K
SG&A Expenses	$715K+35.8%	$527K-5.0%	$554K-58.8%	$1.3M+152.5%	$532K	N/A	$293K+59.9%	$183K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$771K	N/A	$1.2M-40.2%	$2.0M-12.1%	$2.3M	N/A	N/A	$1.6M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	$4.0M	N/A	$1.7M+149.9%	-$3.5M-18.7%	-$2.9M	N/A	N/A	-$1.9M
EPS (Diluted)	$0.00	N/A	$0.01	N/A	$-0.12	N/A	$-0.13	N/A

GZIC Balance Sheet

Metric	FY22	FY23	FY20
Total Assets	$1.4M+21.5%	$1.1M+215.6%	$358K
Current Assets	$632K-20.6%	$796K+128.0%	$349K
Cash & Equivalents	$507K-33.3%	$760K+320.8%	$181K
Inventory	N/A	N/A	N/A
Accounts Receivable	$60K+2892.3%	$2K0.0%	$2K
Goodwill	N/A	N/A	N/A
Total Liabilities	$9.3M+46.2%	$6.4M+430.4%	$1.2M
Current Liabilities	$9.5M	N/A	N/A
Long-Term Debt	$44K0.0%	$44K-50.8%	$89K
Total Equity	-$8.0M-51.5%	-$5.3M-521.1%	-$847K
Retained Earnings	-$23.0M-42.7%	-$16.1M-165.5%	-$6.1M

Metric	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21
Total Assets	$1.1M-19.9%	$1.4M+36.0%	$1.0M-6.3%	$1.1M+6.1%	$1.0M-10.1%	$1.1M+164.4%	$427K	N/A
Current Assets	$399K-36.8%	$632K+183.4%	$223K-15.9%	$265K+47.5%	$180K-77.4%	$796K+456.9%	$143K	N/A
Cash & Equivalents	$333K-34.4%	$507K+191.3%	$174K-19.4%	$216K+62.2%	$133K-82.5%	$760K+542.3%	$118K-79.9%	$588K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$14K-76.0%	$60K+1930.7%	$3K+17.9%	$3K+25.0%	$2K0.0%	$2K0.0%	$2K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$4.1M-55.9%	$9.3M+10.1%	$8.5M-24.9%	$11.3M+23.0%	$9.2M+43.8%	$6.4M-2.9%	$6.6M	N/A
Current Liabilities	N/A	$9.5M+10.4%	$8.6M-24.3%	$11.4M+23.3%	$9.3M	N/A	N/A	N/A
Long-Term Debt	$44K0.0%	$44K0.0%	$44K0.0%	$44K0.0%	$44K0.0%	$44K0.0%	$44K	N/A
Total Equity	-$3.0M+62.0%	-$8.0M-6.6%	-$7.5M+26.9%	-$10.2M-25.1%	-$8.2M-55.4%	-$5.3M+14.5%	-$6.2M-56.9%	-$3.9M
Retained Earnings	-$19.0M+17.3%	-$23.0M-10.5%	-$20.8M+7.7%	-$22.5M-18.3%	-$19.0M-18.3%	-$16.1M-43.2%	-$11.2M	N/A

GZIC Cash Flow Statement

Metric	FY22	FY23	FY20
Operating Cash Flow	-$2.5M-83.6%	-$1.4M-5729.8%	$24K
Capital Expenditures	$108K-57.2%	$252K+4950.0%	$5K
Free Cash Flow	-$2.6M-61.7%	-$1.6M-8485.1%	$19K
Investing Cash Flow	-$78K+69.1%	-$252K-4950.0%	-$5K
Financing Cash Flow	$2.3M+6.3%	$2.2M+1582.2%	$131K
Dividends Paid	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A

Metric	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21
Operating Cash Flow	-$725K-21.4%	-$597K-24.2%	-$481K+38.3%	-$779K-18.3%	-$658K-13.1%	-$582K-58.5%	-$367K-50.3%	-$244K
Capital Expenditures	$12K+135.5%	$5K-78.3%	$24K+1.9%	$24K-55.6%	$54K-28.1%	$75K-3.9%	$78K-17.3%	$95K
Free Cash Flow	-$737K-22.4%	-$602K-19.2%	-$505K+37.1%	-$803K-12.7%	-$712K-8.4%	-$657K-47.5%	-$446K-31.4%	-$339K
Investing Cash Flow	-$12K-135.5%	-$5K+78.3%	-$24K-1.9%	-$24K+0.4%	-$24K+68.0%	-$75K+3.9%	-$78K+17.3%	-$95K
Financing Cash Flow	$563K-39.9%	$935K+101.9%	$463K-47.7%	$886K+1490.2%	$56K-95.7%	$1.3M+4692.0%	-$28K-105.5%	$513K
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

GZIC Financial Ratios

Metric	FY22	FY23	FY20
Gross Margin	91.8%+47.0pp	44.7%+61.7pp	-17.0%
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A
Current Ratio	0.07	N/A	N/A
Debt-to-Equity	N/A	N/A	N/A
FCF Margin	-1181.8%+897.5pp	-2079.3%-2296.9pp	217.6%

Metric	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21
Gross Margin	44.3%-46.4pp	90.7%-4.3pp	95.0%+4.8pp	90.2%+26.5pp	63.7%	N/A	75.2%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	5628.5%	N/A	2324.2%+89479.0pp	-87154.8%+10766.3pp	-97921.1%	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	361.2%	N/A	172.4%+496.2pp	-323.8%-34.4pp	-289.3%	N/A	N/A	N/A
Current Ratio	N/A	0.07+0.0	0.030.0	0.020.0	0.02	N/A	N/A	N/A
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	-1044.9%-614.8pp	-430.1%+244.5pp	-674.5%+19400.3pp	-20074.8%+3670.9pp	-23745.7%	N/A	-337.6%	N/A

Note: Shareholder equity is negative (-$8.0M), 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 (0.07), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Gz6G Technologies Corp's annual revenue?

Gz6G Technologies Corp (GZIC) reported $222K in total revenue for fiscal year 2022. This represents a 184.5% 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 Gz6G Technologies Corp's revenue growing?

Gz6G Technologies Corp (GZIC) revenue grew by 184.5% year-over-year, from $78K to $222K in fiscal year 2022.

How much debt does Gz6G Technologies Corp have?

As of fiscal year 2022, Gz6G Technologies Corp (GZIC) had $507K in cash and equivalents against $44K in long-term debt.

What is Gz6G Technologies Corp's gross margin?

Gz6G Technologies Corp (GZIC) had a gross margin of 91.8% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is Gz6G Technologies Corp's free cash flow?

Gz6G Technologies Corp (GZIC) generated -$2.6M in free cash flow during fiscal year 2022. This represents a -61.7% 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 Gz6G Technologies Corp's operating cash flow?

Gz6G Technologies Corp (GZIC) generated -$2.5M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Gz6G Technologies Corp's total assets?

Gz6G Technologies Corp (GZIC) had $1.4M in total assets as of fiscal year 2022, including both current and long-term assets.

What are Gz6G Technologies Corp's capital expenditures?

Gz6G Technologies Corp (GZIC) invested $108K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

How many shares does Gz6G Technologies Corp have outstanding?

Gz6G Technologies Corp (GZIC) had 71M shares outstanding as of fiscal year 2022.

What is Gz6G Technologies Corp's current ratio?

Gz6G Technologies Corp (GZIC) had a current ratio of 0.07 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Gz6G Technologies Corp's cash runway?

Based on fiscal year 2022 data, Gz6G Technologies Corp (GZIC) had $507K in cash against an annual operating cash burn of $2.5M. This gives an estimated cash runway of approximately 2 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 Gz6G Technologies Corp's debt-to-equity ratio negative or not reported?

Gz6G Technologies Corp (GZIC) has negative shareholder equity of -$8.0M 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 Gz6G Technologies Corp's Piotroski F-Score?

Gz6G Technologies Corp (GZIC) has a Piotroski F-Score of 3 out of 5 computable signals; 4 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.