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Hallmark Fin Svs Financials

HALL
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2023 Currency USD FYE December

This page shows Hallmark Fin Svs (HALL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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

Profitability Growth Leverage Liquidity Cash Flow Returns 0 / 100
Financial Profile 0/100

Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth
0

Hallmark Fin Svs's revenue declined 29.4% year-over-year, from $226.5M to $159.9M. This contraction results in a growth score of 0/100.

Leverage
0

Hallmark Fin Svs has elevated debt relative to equity (D/E of 24.49), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow
0

While Hallmark Fin Svs generated -$165.0M in operating cash flow, capex of $2.4M consumed most of it, leaving -$167.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns
0

Hallmark Fin Svs generates a -179.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from 5.1% the prior year.

Piotroski F-Score Weak
0/9

Hallmark Fin Svs passes 0 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality
1.53x

For every $1 of reported earnings, Hallmark Fin Svs generates $1.53 in operating cash flow (-$165.0M OCF vs -$108.1M 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

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Earnings & Revenue

Revenue
$159.9M
YoY-29.4%
5Y CAGR-16.1%
10Y CAGR-7.3%

Hallmark Fin Svs generated $159.9M in revenue in fiscal year 2022. This represents a decrease of 29.4% from the prior year.

EBITDA
N/A
Net Income
-$108.1M
YoY-1300.7%

Hallmark Fin Svs reported -$108.1M in net income in fiscal year 2022. This represents a decrease of 1300.7% from the prior year.

EPS (Diluted)
$-59.47
YoY-1299.0%

Hallmark Fin Svs earned $-59.47 per diluted share (EPS) in fiscal year 2022. This represents a decrease of 1299.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$167.3M
YoY-499.7%

Hallmark Fin Svs generated -$167.3M in free cash flow in fiscal year 2022, representing cash available after capex. This represents a decrease of 499.7% from the prior year.

Cash & Debt
$59.1M
YoY-83.2%
5Y CAGR-1.9%
10Y CAGR-3.6%

Hallmark Fin Svs held $59.1M in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
-67.6%
YoY-71.6pp
5Y CAGR-64.6pp
10Y CAGR-68.6pp

Hallmark Fin Svs's net profit margin was -67.6% in fiscal year 2022, showing the share of revenue converted to profit. This is down 71.6 percentage points from the prior year.

Return on Equity
-179.3%
YoY-184.4pp
5Y CAGR-174.7pp
10Y CAGR-180.9pp

Hallmark Fin Svs's ROE was -179.3% in fiscal year 2022, measuring profit generated per dollar of shareholder equity. This is down 184.4 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$2.4M
YoY+23.5%
5Y CAGR-2.7%
10Y CAGR+36.2%

Hallmark Fin Svs invested $2.4M in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents an increase of 23.5% from the prior year.

HALL Income Statement

Metric Q3'23 Q2'23 Q1'23 Q4'22 Q3'22 Q2'22 Q1'22 Q4'21
Revenue $41.9M0.0% $41.9M+5.2% $39.8M-5.9% $42.3M+10.7% $38.2M+2.9% $37.2M-12.0% $42.2M N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $2.0M+5.1% $1.9M+2.1% $1.9M+8.8% $1.7M+14.1% $1.5M+11.9% $1.4M+8.1% $1.3M N/A
Income Tax $456K+442.9% -$133K+75.1% -$534K-31.2% -$407K+59.6% -$1.0M-108.1% $12.4M+491.5% -$3.2M N/A
Net Income -$21.5M-80.6% -$11.9M+69.6% -$39.1M-434.7% -$7.3M+74.0% -$28.2M+59.4% -$69.4M-2056.5% -$3.2M N/A
EPS (Diluted) $-11.83-80.6% $-6.55+69.6% $-21.53 N/A $-15.48+59.4% $-38.16-2055.9% $-1.77 N/A

HALL Balance Sheet

Metric Q3'23 Q2'23 Q1'23 Q4'22 Q3'22 Q2'22 Q1'22 Q4'21
Total Assets $1.1B-12.5% $1.2B-15.0% $1.5B-4.3% $1.5B+3.7% $1.5B+1.1% $1.5B-1.6% $1.5B-4.1% $1.6B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $75.7M-49.7% $150.5M+42.7% $105.5M+78.3% $59.1M-54.3% $129.5M+14.4% $113.2M-38.3% $183.4M-48.0% $352.9M
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 $0 N/A N/A N/A $0
Total Liabilities $1.1B-11.0% $1.2B-14.5% $1.4B-2.0% $1.5B+4.2% $1.4B+3.4% $1.4B+3.8% $1.3B-4.2% $1.4B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$7.8M-162.7% $12.4M-47.4% $23.5M-61.0% $60.3M-8.3% $65.8M-31.8% $96.4M-43.3% $169.8M-3.2% $175.5M
Retained Earnings -$105.5M-24.9% -$84.5M-16.4% -$72.5M-117.2% -$33.4M-28.1% -$26.1M-1362.0% $2.1M-97.1% $71.5M-4.3% $74.7M

HALL Cash Flow Statement

Metric Q3'23 Q2'23 Q1'23 Q4'22 Q3'22 Q2'22 Q1'22 Q4'21
Operating Cash Flow -$109.1M-2579.5% -$4.1M+93.1% -$58.9M+35.1% -$90.8M-2288.0% $4.2M+125.4% -$16.3M+73.7% -$62.0M-1631.3% -$3.6M
Capital Expenditures $23K-94.4% $411K+72.7% $238K+13.3% $210K-30.7% $303K-75.0% $1.2M+92.4% $631K+127.0% $278K
Free Cash Flow -$109.1M-2334.4% -$4.5M+92.4% -$59.1M+35.0% -$91.0M-2465.8% $3.8M+121.9% -$17.5M+72.0% -$62.6M-1522.9% -$3.9M
Investing Cash Flow $30.5M-44.4% $54.8M-35.4% $84.8M+106.4% $41.1M+142.7% $16.9M+131.3% -$54.1M+49.5% -$107.1M-449.6% $30.6M
Financing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
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

HALL Financial Ratios

Metric Q3'23 Q2'23 Q1'23 Q4'22 Q3'22 Q2'22 Q1'22 Q4'21
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 -51.3%-22.9pp -28.4%+69.8pp -98.3%-81.0pp -17.3%+56.3pp -73.6%+113.2pp -186.8%-179.2pp -7.6% N/A
Return on Equity N/A -96.2%+70.2pp -166.3%-154.2pp -12.1%+30.7pp -42.8%+29.2pp -72.0%-70.1pp -1.9% N/A
Return on Assets -2.0%-1.0pp -0.9%+1.7pp -2.7%-2.2pp -0.5%+1.4pp -1.9%+2.8pp -4.7%-4.5pp -0.2% N/A
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity -141.70-241.6 99.88+38.4 61.47+37.0 24.49+3.0 21.53+7.3 14.21+6.4 7.77-0.1 7.85
FCF Margin -260.5%-249.8pp -10.7%+137.8pp -148.5%+66.7pp -215.1%-225.2pp 10.1%+57.3pp -47.2%+101.1pp -148.3% N/A

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Frequently Asked Questions

Hallmark Fin Svs (HALL) reported $159.9M in total revenue for fiscal year 2022. This represents a -29.4% 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.

Hallmark Fin Svs (HALL) revenue declined by 29.4% year-over-year, from $226.5M to $159.9M in fiscal year 2022.

No, Hallmark Fin Svs (HALL) reported a net income of -$108.1M in fiscal year 2022, with a net profit margin of -67.6%.

Hallmark Fin Svs (HALL) reported diluted earnings per share of $-59.47 for fiscal year 2022. This represents a -1299.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Hallmark Fin Svs (HALL) had a net profit margin of -67.6% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

Hallmark Fin Svs (HALL) has a return on equity of -179.3% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.

Hallmark Fin Svs (HALL) generated -$167.3M in free cash flow during fiscal year 2022. This represents a -499.7% 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.

Hallmark Fin Svs (HALL) generated -$165.0M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

Hallmark Fin Svs (HALL) had $1.5B in total assets as of fiscal year 2022, including both current and long-term assets.

Hallmark Fin Svs (HALL) invested $2.4M in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

Hallmark Fin Svs (HALL) had a debt-to-equity ratio of 24.49 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

Hallmark Fin Svs (HALL) had a return on assets of -7.0% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2022 data, Hallmark Fin Svs (HALL) had $59.1M in cash against an annual operating cash burn of $165.0M. This gives an estimated cash runway of approximately 4 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.

Hallmark Fin Svs (HALL) has a Piotroski F-Score of 0 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.

Hallmark Fin Svs (HALL) has an earnings quality ratio of 1.53x, 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.

Hallmark Fin Svs (HALL) 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.

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