High Sierra Technologies Inc Financials
This page shows High Sierra Technologies Inc (HSTI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 25 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
High Sierra Technologies Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, High Sierra Technologies Inc generates $0.68 in operating cash flow (-$220K OCF vs -$324K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
High Sierra Technologies Inc earns $-3.6 in operating income for every $1 of interest expense (-$238K vs $66K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
High Sierra Technologies Inc's EBITDA was -$182K in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.5% from the prior year.
High Sierra Technologies Inc reported -$324K in net income in fiscal year 2022. This represents a decrease of 2.4% from the prior year.
High Sierra Technologies Inc earned $-0.01 per diluted share (EPS) in fiscal year 2022. This represents an increase of 50.0% from the prior year.
Cash & Balance Sheet
High Sierra Technologies Inc generated -$263K in free cash flow in fiscal year 2022, representing cash available after capex.
High Sierra Technologies Inc held $12K in cash against $0 in long-term debt as of fiscal year 2022.
High Sierra Technologies Inc had 21M shares outstanding in fiscal year 2022. This represents an increase of 0.1% from the prior year.
Margins & Returns
Capital Allocation
High Sierra Technologies Inc invested $43K in capex in fiscal year 2022, funding long-term assets and infrastructure.
HSTI Income Statement
| 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 | 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 | $5K-92.6% | $68K+6.1% | $64K | N/A | $8K-70.0% | $26K-71.1% | $89K | N/A |
| Operating Income | -$73K+5.1% | -$77K-2.5% | -$75K | N/A | -$35K-0.9% | -$35K+64.7% | -$98K | N/A |
| Interest Expense | $18K+13.4% | $16K+2.0% | $15K | N/A | $17K+1.1% | $17K+7.7% | $16K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$94K+1.6% | -$96K-0.9% | -$95K | N/A | -$52K-0.9% | -$52K+54.5% | -$114K | N/A |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00+100.0% | $-0.01 | N/A |
HSTI Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $66K+11.5% | $59K-28.0% | $82K-19.3% | $102K-7.1% | $109K-17.5% | $132K-32.5% | $196K+32.3% | $148K |
| Current Assets | $19K+902.5% | $2K-88.0% | $16K-35.1% | $24K+577.2% | $4K-78.3% | $16K-83.0% | $96K+65.7% | $58K |
| Cash & Equivalents | $17K+822.9% | $2K-78.0% | $9K-30.3% | $12K+431.3% | $2K-84.7% | $15K-83.8% | $93K+68.9% | $55K |
| 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 | $823K+12.5% | $731K+7.0% | $683K+11.6% | $612K-14.3% | $714K+4.3% | $685K-1.7% | $697K+19.2% | $585K |
| Current Liabilities | $646K-11.6% | $731K+15.5% | $633K+12.7% | $562K+9.3% | $514K+222.7% | $159K-67.9% | $497K+2.5% | $485K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$757K-12.6% | -$672K-11.8% | -$601K-17.8% | -$510K+15.6% | -$605K-9.5% | -$552K-10.4% | -$500K-14.7% | -$436K |
| Retained Earnings | -$1.8M-5.7% | -$1.7M-6.2% | -$1.6M-6.5% | -$1.5M-7.8% | -$1.4M-4.0% | -$1.3M-4.1% | -$1.3M-10.0% | -$1.1M |
HSTI Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$73K-130.6% | -$32K-115.2% | -$15K+75.5% | -$60K-368.4% | -$13K+76.1% | -$54K+42.5% | -$93K-81.1% | -$51K |
| Capital Expenditures | N/A | N/A | N/A | $0-100.0% | $1-100.0% | $25K+32.6% | $19K | N/A |
| Free Cash Flow | N/A | N/A | N/A | -$60K-368.4% | -$13K+83.6% | -$78K+29.9% | -$112K | N/A |
| Investing Cash Flow | N/A | N/A | $1K | $0+100.0% | -$1+100.0% | -$25K-32.6% | -$19K | N/A |
| Financing Cash Flow | $88K+240.2% | $26K+160.0% | $10K-85.7% | $70K | $0 | $0-100.0% | $150K+150.0% | $60K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HSTI 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 | 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 | -143.6%+19.2pp | -162.8%-46.6pp | -116.2% | N/A | -48.0%-8.8pp | -39.2%+18.9pp | -58.1% | N/A |
| Current Ratio | 0.03+0.0 | 0.00-0.0 | 0.02-0.0 | 0.04+0.0 | 0.01-0.1 | 0.10-0.1 | 0.19+0.1 | 0.12 |
| Debt-to-Equity | -1.090.0 | -1.09+0.0 | -1.14+0.1 | -1.20-0.0 | -1.18+0.1 | -1.24+0.2 | -1.39-0.1 | -1.34 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$510K), 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 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
Is High Sierra Technologies Inc profitable?
No, High Sierra Technologies Inc (HSTI) reported a net income of -$324K in fiscal year 2022.
What is High Sierra Technologies Inc's EBITDA?
High Sierra Technologies Inc (HSTI) had EBITDA of -$182K in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
What is High Sierra Technologies Inc's free cash flow?
High Sierra Technologies Inc (HSTI) generated -$263K in free cash flow during fiscal year 2022. 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 High Sierra Technologies Inc's operating cash flow?
High Sierra Technologies Inc (HSTI) generated -$220K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are High Sierra Technologies Inc's total assets?
High Sierra Technologies Inc (HSTI) had $102K in total assets as of fiscal year 2022, including both current and long-term assets.
What are High Sierra Technologies Inc's capital expenditures?
High Sierra Technologies Inc (HSTI) invested $43K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
What is High Sierra Technologies Inc's current ratio?
High Sierra Technologies Inc (HSTI) had a current ratio of 0.04 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is High Sierra Technologies Inc's debt-to-equity ratio?
High Sierra Technologies Inc (HSTI) had a debt-to-equity ratio of -1.20 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is High Sierra Technologies Inc's return on assets (ROA)?
High Sierra Technologies Inc (HSTI) had a return on assets of -319.2% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is High Sierra Technologies Inc's cash runway?
Based on fiscal year 2022 data, High Sierra Technologies Inc (HSTI) had $12K in cash against an annual operating cash burn of $220K. This gives an estimated cash runway of approximately 1 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 High Sierra Technologies Inc's debt-to-equity ratio negative or unusual?
High Sierra Technologies Inc (HSTI) has negative shareholder equity of -$510K 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 High Sierra Technologies Inc's Piotroski F-Score?
High Sierra Technologies Inc (HSTI) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are High Sierra Technologies Inc's earnings high quality?
High Sierra Technologies Inc (HSTI) has an earnings quality ratio of 0.68x, 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.
Can High Sierra Technologies Inc cover its interest payments?
High Sierra Technologies Inc (HSTI) has an interest coverage ratio of -3.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.