Hero Technologies Inc Financials

HENC

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

This page shows Hero Technologies Inc (HENC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 HENC FY2022 2026-04-22

Hero Technologies’ recent filings show an externally funded operating structure, while liquidity keeps shrinking faster than obligations.

Across FY2020-FY2022, operating cash outflows outstripped financing support in two of the three years, so new capital was mostly plugging ongoing cash use rather than rebuilding the balance sheet. That is why cash still fell from $437K in FY2020 to $34K in FY2022 despite repeated external funding.

The balance sheet looks short-term stressed: the current ratio dropped from 0.9x in FY2021 to 0.05x in FY2022, while equity moved back to -$190K. That combination means near-term claims are consuming most of the company’s available resources.

This is a low-capex cash user, not a business absorbing large reinvestment needs; FY2022 capital spending was only $75K against free cash flow of -$260K. In practice, most cash consumption appears tied to keeping the corporate structure going and covering obligations, not to expanding a productive asset base.

Financial Health Signals

Financial Profile 15/100

Based on FY2022 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Hero Technologies Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Hero Technologies Inc's revenue declined 100% year-over-year, from $2K to $0. This contraction results in a growth score of 0/100.

Leverage

Hero Technologies Inc carries a low D/E ratio of -4.39, meaning only $-4.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Hero Technologies Inc's current ratio of 0.05 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

1/9

Hero Technologies Inc passes 1 of 9 financial strength tests. 1 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.34x

For every $1 of reported earnings, Hero Technologies Inc generates $0.34 in operating cash flow (-$185K OCF vs -$542K 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

YoY-100.0%

Hero Technologies Inc generated $0 in revenue in fiscal year 2022. This represents a decrease of 100.0% from the prior year.

EBITDA

N/A

Net Income

-$542K

Hero Technologies Inc reported -$542K in net income in fiscal year 2022.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$260K

YoY+64.5%

Hero Technologies Inc generated -$260K in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 64.5% from the prior year.

Cash & Debt

$34K

YoY-80.3%

5Y CAGR+8.1%

Hero Technologies Inc held $34K in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

454M

YoY+2.6%

Hero Technologies Inc had 454M shares outstanding in fiscal year 2022. This represents an increase of 2.6% from the prior year.

Margins & Returns

Gross Margin

N/A

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

$75K

Hero Technologies Inc invested $75K in capex in fiscal year 2022, funding long-term assets and infrastructure.

HENC Income Statement

Metric	FY22	FY21	FY20	FY15	FY14	FY13
Revenue	$0-100.0%	$2K+674.1%	$197	N/A	N/A	N/A
Cost of Revenue	$0-100.0%	$73K	$0	N/A	N/A	N/A
Gross Profit	$0+100.0%	-$71K-36222.3%	$197	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	$1.7M+4099.2%	-$42K+87.3%	-$331K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$60K+28.6%	$47K-20.3%	$59K+618.5%	$8K+34.5%	$6K-86.3%	$45K
Income Tax	$0	$0	$0-100.0%	$38K+113.2%	-$288K-134.8%	$829K
Net Income	-$542K	N/A	N/A	-$1.7M-631.3%	$324K+159.7%	-$542K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	$0	$0	$0	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	$0	$0	$0	N/A
Gross Profit	N/A	N/A	N/A	N/A	$0	$0	$0	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	$0-100.0%	$4K-68.4%	$14K	N/A	$0-100.0%	$81-99.8%	$38K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$412K	N/A	-$185K	N/A	-$158K-395.3%	-$32K+87.0%	-$246K	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

HENC Balance Sheet

Metric	FY22	FY21	FY20	FY15	FY14	FY13
Total Assets	$645K+245.2%	$187K-67.3%	$571K-96.5%	$16.4M+0.6%	$16.3M-5.4%	$17.2M
Current Assets	$41K-77.4%	$181K-67.6%	$557K+1937.2%	$27K-60.4%	$69K+109.2%	$33K
Cash & Equivalents	$34K-80.3%	$174K-60.1%	$437K+4617.0%	$9K-81.8%	$51K+118.8%	$23K
Inventory	$0	$0-100.0%	$73K	N/A	N/A	N/A
Accounts Receivable	$0-100.0%	$620	$0	N/A	N/A	N/A
Goodwill	$0	$0-100.0%	$6K	N/A	N/A	N/A
Total Liabilities	$836K+312.6%	$202K-91.2%	$2.3M-61.7%	$6.0M+31.4%	$4.6M-26.2%	$6.2M
Current Liabilities	$836K+312.6%	$202K-91.2%	$2.3M+12.2%	$2.0M+761.6%	$237K-79.9%	$1.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$190K-1121.4%	-$16K+99.1%	-$1.7M-116.5%	$10.4M-11.4%	$11.7M+6.3%	$11.0M
Retained Earnings	-$39.4M-1.4%	-$38.9M-9.6%	-$35.4M-116.8%	-$16.3M-11.8%	-$14.6M+2.2%	-$14.9M

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Total Assets	$144K-12.5%	$164K-73.8%	$626K-2.9%	$645K+348.3%	$144K-31.1%	$209K+58.0%	$132K-29.3%	$187K
Current Assets	$141K-12.4%	$161K+615.1%	$22K-45.0%	$41K-70.6%	$139K-31.6%	$203K+61.1%	$126K-30.1%	$181K
Cash & Equivalents	$82K-16.5%	$98K+411.7%	$19K-44.1%	$34K-73.3%	$129K-32.2%	$190K+56.1%	$122K-30.3%	$174K
Inventory	N/A	N/A	N/A	$0	$0	$0	$0	$0
Accounts Receivable	N/A	N/A	N/A	$0-100.0%	$6200.0%	$6200.0%	$6200.0%	$620
Goodwill	N/A	N/A	N/A	$0	N/A	N/A	N/A	$0
Total Liabilities	$100K0.0%	$100K-88.2%	$843K+0.9%	$836K+218.6%	$262K+3.4%	$254K+5.8%	$240K+18.4%	$202K
Current Liabilities	$100K0.0%	$100K-88.2%	$843K+0.9%	$836K+218.6%	$262K+3.4%	$254K+5.8%	$240K+18.4%	$202K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$44K-31.9%	$64K+129.8%	-$216K-13.5%	-$190K-60.8%	-$118K-163.3%	-$45K+58.3%	-$108K-591.5%	-$16K
Retained Earnings	-$41.0M-1.0%	-$40.6M-2.5%	-$39.6M-0.5%	-$39.4M-0.3%	-$39.3M-0.4%	-$39.1M-0.1%	-$39.1M-0.6%	-$38.9M

HENC Cash Flow Statement

Metric	FY22	FY21	FY20	FY15	FY14	FY13
Operating Cash Flow	-$185K+74.7%	-$733K-111.9%	-$346K-105.5%	-$168K+18.9%	-$207K+51.0%	-$423K
Capital Expenditures	$75K	$0-100.0%	$2K	N/A	N/A	N/A
Free Cash Flow	-$260K+64.5%	-$733K-110.5%	-$348K	N/A	N/A	N/A
Investing Cash Flow	-$75K	$0+100.0%	-$2K+99.9%	-$1.8M	$0+100.0%	-$504K
Financing Cash Flow	$120K-74.5%	$470K-34.4%	$716K-62.4%	$1.9M+710.4%	$235K+491.7%	-$60K
Dividends Paid	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

Metric	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21
Operating Cash Flow	-$67K-556.9%	$15K+196.6%	-$15K+61.5%	-$39K+35.6%	-$61K-91.7%	-$32K+39.8%	-$53K+54.1%	-$115K
Capital Expenditures	N/A	N/A	N/A	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
Investing Cash Flow	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$0-100.0%	$15K	$0-100.0%	$20K	$0-100.0%	$100K	$0-100.0%	$200K
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

HENC Financial Ratios

Metric	FY22	FY21	FY20	FY15	FY14	FY13
Gross Margin	N/A	-4666.3%-4766.3pp	100.0%	N/A	N/A	N/A
Operating Margin	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
Return on Equity	N/A	N/A	N/A	-16.5%-19.3pp	2.8%+7.7pp	-4.9%
Return on Assets	-83.9%	N/A	N/A	-10.5%-12.5pp	2.0%+5.1pp	-3.1%
Current Ratio	0.05-0.8	0.89+0.6	0.24+0.2	0.01-0.3	0.29+0.3	0.03
Debt-to-Equity	-4.39+8.6	-13.00-11.7	-1.33-1.9	0.57+0.2	0.39-0.2	0.56
FCF Margin	N/A	-48042.6%+128670.6pp	-176713.2%	N/A	N/A	N/A

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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-939.2%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-286.7%	N/A	-29.6%	N/A	-109.8%-94.5pp	-15.3%+170.6pp	-185.9%	N/A
Current Ratio	1.41-0.2	1.61+1.6	0.03-0.0	0.05-0.5	0.53-0.3	0.80+0.3	0.53-0.4	0.89
Debt-to-Equity	2.28+0.7	1.55+5.5	-3.90+0.5	-4.39-2.2	-2.22+3.4	-5.64-3.4	-2.23+10.8	-13.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$190K), 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 (0.05), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Hero Technologies Inc's annual revenue?

Hero Technologies Inc (HENC) reported $0 in total revenue for fiscal year 2022. This represents a -100.0% 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 Hero Technologies Inc's revenue growing?

Hero Technologies Inc (HENC) revenue declined by 100% year-over-year, from $2K to $0 in fiscal year 2022.

Is Hero Technologies Inc profitable?

No, Hero Technologies Inc (HENC) reported a net income of -$542K in fiscal year 2022.

What is Hero Technologies Inc's free cash flow?

Hero Technologies Inc (HENC) generated -$260K in free cash flow during fiscal year 2022. This represents a 64.5% 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 Hero Technologies Inc's operating cash flow?

Hero Technologies Inc (HENC) generated -$185K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Hero Technologies Inc's total assets?

Hero Technologies Inc (HENC) had $645K in total assets as of fiscal year 2022, including both current and long-term assets.

What are Hero Technologies Inc's capital expenditures?

Hero Technologies Inc (HENC) invested $75K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

How many shares does Hero Technologies Inc have outstanding?

Hero Technologies Inc (HENC) had 454M shares outstanding as of fiscal year 2022.

What is Hero Technologies Inc's current ratio?

Hero Technologies Inc (HENC) had a current ratio of 0.05 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Hero Technologies Inc's debt-to-equity ratio?

Hero Technologies Inc (HENC) had a debt-to-equity ratio of -4.39 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Hero Technologies Inc's return on assets (ROA)?

Hero Technologies Inc (HENC) had a return on assets of -83.9% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Hero Technologies Inc's cash runway?

Based on fiscal year 2022 data, Hero Technologies Inc (HENC) had $34K in cash against an annual operating cash burn of $185K. 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 Hero Technologies Inc's debt-to-equity ratio negative or unusual?

Hero Technologies Inc (HENC) has negative shareholder equity of -$190K as of fiscal year 2022, 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 Hero Technologies Inc's Piotroski F-Score?

Hero Technologies Inc (HENC) has a Piotroski F-Score of 1 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Hero Technologies Inc's earnings high quality?

Hero Technologies Inc (HENC) has an earnings quality ratio of 0.34x, 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.

How financially healthy is Hero Technologies Inc?

Hero Technologies Inc (HENC) scores 15 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.