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Himalaya Tech Financials

HMLA
Source SEC Filings (10-K/10-Q) Updated Apr 30, 2024 Currency USD FYE July

This page shows Himalaya Tech (HMLA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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 HMLA FY2023

External financing, not customer revenue, appears to be the core mechanic as cash burn persists against an extremely thin asset base.

By FY2023, operating cash burn of -$63K was almost fully offset by financing inflows of $65K. With revenue stuck at only $2K in both FY2022 and FY2023, the cash cycle appears supported by capital raising rather than customer receipts.

The FY2023 balance sheet is liquidity-starved: cash fell to $235 and the current ratio was just 0.0003x. Assets also shrank from $337K in FY2022 to $35K in FY2023, so the company entered the year with less buffer against obligations that still dominated the capital structure.

Across the last three reported years, shares outstanding rose from 97.7M to 205.8M. Because reported revenue was still only $2K in FY2023, that looks like capital structure change without matching operating scale, making each share represent a claim on a business that has not yet become self-funding.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

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

Based on FY2023 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 Himalaya Tech'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.

Liquidity
0

Himalaya Tech's current ratio of 0.00 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

Himalaya Tech passes 1 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Key Financial Metrics

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Earnings & Revenue

Revenue
$2K
YoY+0.0%

Himalaya Tech generated $2K in revenue in fiscal year 2023. This represents an increase of 0.0% from the prior year.

EBITDA
N/A
Net Income
N/A
EPS (Diluted)
$0.00

Himalaya Tech earned $0.00 per diluted share (EPS) in fiscal year 2023.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$235
YoY-97.4%
5Y CAGR-69.6%

Himalaya Tech held $235 in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share
N/A
Shares Outstanding
206M
YoY+39.8%

Himalaya Tech had 206M shares outstanding in fiscal year 2023. This represents an increase of 39.8% 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
N/A

HMLA Income Statement

Metric Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23 Q4'22
Revenue N/A N/A $2K N/A N/A N/A $2K 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 $47K N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $276K+345.3% $62K N/A N/A $70K-13.2% $80K-0.6% $81K N/A
Operating Income -$324K-410.0% -$63K N/A N/A -$71K+13.1% -$81K+0.5% -$82K N/A
Interest Expense $12K-4.9% $13K+92.4% $7K N/A $10K+12.9% $9K+15.9% $7K N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income N/A -$363K-257.4% -$102K N/A $196K+185.6% -$229K-24.9% -$183K N/A
EPS (Diluted) N/A $0.00 $0.00 N/A N/A $0.00 $0.00 N/A

HMLA Balance Sheet

Metric Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23 Q4'22
Total Assets $89K-35.3% $137K+295.8% $35K-3.6% $36K-82.5% $206K-37.1% $328K-2.7% $337K+3.0% $327K
Current Assets $100-98.0% $5K+2073.2% $235-27.5% $324-30.0% $463-57.2% $1K-88.1% $9K+119.7% $4K
Cash & Equivalents $100-98.0% $5K+2073.2% $235-27.5% $324-30.0% $463-57.2% $1K-88.1% $9K+119.7% $4K
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 $821K+18.0% $696K-25.5% $933K-19.7% $1.2M+15.2% $1.0M-25.2% $1.3M+17.1% $1.2M+12.8% $1.0M
Current Liabilities $821K+18.0% $696K-25.5% $933K-19.7% $1.2M+15.2% $1.0M-25.2% $1.3M+17.1% $1.2M+12.8% $1.0M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$732K-31.1% -$558K+37.9% -$899K+20.2% -$1.1M-40.3% -$802K+21.4% -$1.0M-25.3% -$815K-17.4% -$694K
Retained Earnings -$9.6M-5.3% -$9.1M-4.2% -$8.7M-1.2% -$8.6M-4.4% -$8.3M+2.3% -$8.5M-2.8% -$8.2M-2.3% -$8.1M

HMLA Cash Flow Statement

Metric Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23 Q4'22
Operating Cash Flow -$16K+67.8% -$49K-1043.0% -$4K+35.6% -$7K+59.6% -$16K-3.7% -$16K+34.7% -$24K-205.4% $23K
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 N/A N/A N/A $0 $0 $0+100.0% -$6K N/A
Financing Cash Flow $871-98.6% $63K+1418.7% $4K-35.6% $6K-58.9% $16K+103.4% $8K-78.0% $35K+320.0% -$16K
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

HMLA Financial Ratios

Metric Q3'24 Q2'24 Q1'24 Q4'23 Q3'23 Q2'23 Q1'23 Q4'22
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 -5447.8% N/A
Net Margin N/A N/A -6767.5% N/A N/A N/A -12222.9% N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A -264.4%+28.3pp -292.7% N/A 95.1%+165.0pp -69.9%-15.4pp -54.4% N/A
Current Ratio 0.000.0 0.010.0 0.000.0 0.000.0 0.000.0 0.000.0 0.010.0 0.00
Debt-to-Equity -1.12+0.1 -1.25-0.2 -1.040.0 -1.03+0.2 -1.26+0.1 -1.32+0.1 -1.41+0.1 -1.47
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$899K), 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 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Himalaya Tech (HMLA) reported $2K in total revenue for fiscal year 2023. This represents a 0.0% 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.

Himalaya Tech (HMLA) revenue grew by 0% year-over-year, from $2K to $2K in fiscal year 2023.

Himalaya Tech (HMLA) reported diluted earnings per share of $0.00 for fiscal year 2023. 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.

Himalaya Tech (HMLA) generated -$63K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

Himalaya Tech (HMLA) had $35K in total assets as of fiscal year 2023, including both current and long-term assets.

Himalaya Tech (HMLA) had 206M shares outstanding as of fiscal year 2023.

Himalaya Tech (HMLA) had a current ratio of 0.00 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

Himalaya Tech (HMLA) had a debt-to-equity ratio of -1.04 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

Based on fiscal year 2023 data, Himalaya Tech (HMLA) had $235 in cash against an annual operating cash burn of $63K. This gives an estimated cash runway of approximately 0 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.

Himalaya Tech (HMLA) has negative shareholder equity of -$899K 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.

Himalaya Tech (HMLA) 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.

Himalaya Tech (HMLA) 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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