HSPOW Financials
This page shows HSPOW (HSPOW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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
HSPOW passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, HSPOW generates $-0.46 in operating cash flow (-$975K OCF vs $2.1M 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
Earnings & Revenue
HSPOW reported $2.1M in net income in fiscal year 2024. This represents a decrease of 27.4% from the prior year.
Cash & Balance Sheet
HSPOW held $8K in cash against $0 in long-term debt as of fiscal year 2024.
HSPOW had 2M shares outstanding in fiscal year 2024. This represents a decrease of 73.3% from the prior year.
Margins & Returns
Capital Allocation
HSPOW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 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 | -$87K+43.2% | -$154K-0.5% | -$153K | N/A | -$499K-222.1% | -$155K-5.0% | -$148K | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $149K+96.4% | $76K+6.2% | $71K | N/A | $296K-52.9% | $629K-14.2% | $733K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HSPOW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $23.1M+2.5% | $22.6M+2.4% | $22.0M+3.2% | $21.3M-65.7% | $62.3M+1.7% | $61.2M+1.5% | $60.3M-11.6% | $68.2M |
| Current Assets | $29K-48.1% | $56K-51.3% | $115K+1365.9% | $8K-94.7% | $148K+80.4% | $82K-46.5% | $154K-48.5% | $299K |
| Cash & Equivalents | $8K-42.1% | $13K-73.9% | $51K+550.1% | $8K-93.9% | $128K+485.9% | $22K-76.5% | $93K-67.1% | $283K |
| 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 | $29.0M+3.6% | $28.0M+3.9% | $26.9M+4.7% | $25.7M-61.1% | $66.1M+2.7% | $64.4M+1.9% | $63.2M-10.7% | $70.8M |
| Current Liabilities | $3.5M+13.8% | $3.1M+17.5% | $2.6M+31.3% | $2.0M+21.9% | $1.6M+84.7% | $880K+42.7% | $616K+49.0% | $414K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$5.9M-8.3% | -$5.4M-10.5% | -$4.9M-11.7% | -$4.4M-12.8% | -$3.9M-21.1% | -$3.2M-11.6% | -$2.9M-13.7% | -$2.5M |
| Retained Earnings | -$5.9M-8.3% | -$5.4M-10.5% | -$4.9M-11.7% | -$4.4M-12.8% | -$3.9M-21.1% | -$3.2M-11.6% | -$2.9M-13.7% | -$2.5M |
HSPOW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$6K+96.2% | -$148K+28.7% | -$207K+35.4% | -$320K-65.4% | -$194K+28.6% | -$271K-42.6% | -$190K-79.1% | -$106K |
| 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 | -$360K0.0% | -$360K0.0% | -$360K-100.9% | $41.5M+23152.3% | -$180K0.0% | -$180K-102.1% | $8.7M+50.8% | $5.7M |
| Financing Cash Flow | $360K-23.4% | $470K-23.0% | $610K+101.5% | -$41.3M-8702.9% | $480K+26.3% | $380K+104.4% | -$8.7M-53.5% | -$5.6M |
| 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 |
HSPOW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | 0.6%+0.3pp | 0.3%+0.0pp | 0.3% | N/A | 0.5%-0.6pp | 1.0%-0.2pp | 1.2% | N/A |
| Current Ratio | 0.010.0 | 0.02-0.0 | 0.04+0.0 | 0.00-0.1 | 0.090.0 | 0.09-0.2 | 0.25-0.5 | 0.72 |
| Debt-to-Equity | -4.94+0.2 | -5.16+0.3 | -5.49+0.4 | -5.86+11.1 | -17.00+3.1 | -20.05+1.9 | -21.96+6.0 | -27.98 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$4.4M), 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.
Frequently Asked Questions
Is HSPOW profitable?
Yes, HSPOW (HSPOW) reported a net income of $2.1M in fiscal year 2024.
What is HSPOW's operating cash flow?
HSPOW (HSPOW) generated -$975K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are HSPOW's total assets?
HSPOW (HSPOW) had $21.3M in total assets as of fiscal year 2024, including both current and long-term assets.
What is HSPOW's current ratio?
HSPOW (HSPOW) had a current ratio of 0.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is HSPOW's debt-to-equity ratio?
HSPOW (HSPOW) had a debt-to-equity ratio of -5.86 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is HSPOW's return on assets (ROA)?
HSPOW (HSPOW) had a return on assets of 9.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is HSPOW's cash runway?
Based on fiscal year 2024 data, HSPOW (HSPOW) had $8K in cash against an annual operating cash burn of $975K. 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.
Why is HSPOW's debt-to-equity ratio negative or unusual?
HSPOW (HSPOW) has negative shareholder equity of -$4.4M as of fiscal year 2024, 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 HSPOW's Piotroski F-Score?
HSPOW (HSPOW) has a Piotroski F-Score of 3 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 HSPOW's earnings high quality?
HSPOW (HSPOW) has an earnings quality ratio of -0.46x, 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.