Adamas One Corp Financials
Adamas One Corp (JEWL) reported $1.0M in revenue for fiscal year 2023, down 43.7% from the prior fiscal year. This page shows its 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).
Adamas One’s dominant mechanic is a shrinking revenue base paired with rapidly rising operating costs and financing dependence.
From FY2022 to FY2023, revenue fell43.7% while SG&A rose133.4% , indicating that the cost structure expanded far faster than the commercial base. The resulting margin deterioration reflects operating costs overwhelming gross profit, not merely weaker sales.
Operating cash flow moved from
FY2023’s current ratio was 0.2x, and liabilities equaled
Financial Health Signals
Adamas One Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Adamas One Corp passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Adamas One Corp reported a net loss of $22.5M while operations used $6.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Adamas One Corp reported an operating loss of $20.1M against $438K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Adamas One Corp generated $1.0M in revenue in fiscal year 2023. This represents a decrease of 43.7% from the prior year.
Adamas One Corp's EBITDA was -$19.6M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 129.8% from the prior year.
Adamas One Corp reported -$22.5M in net income in fiscal year 2023. This represents a decrease of 103.7% from the prior year.
Not reported for fiscal year 2023.
Cash & Balance Sheet
Adamas One Corp held $26K in cash as of fiscal year 2023; long-term debt is not reported for that period.
Not reported for fiscal year 2023.
Not reported for fiscal year 2023.
Margins & Returns
Adamas One Corp's gross margin was 74.9% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 8.6 percentage points from the prior year.
Adamas One Corp's ROE was -721.8% in fiscal year 2023, measuring profit generated per dollar of shareholder equity.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Adamas One Corp invested $200K in research and development in fiscal year 2023. This represents a decrease of 9.1% from the prior year.
Not reported for fiscal year 2023.
Not reported for fiscal year 2023.
JEWL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $180K+1467.6% | $11K-94.8% | $220K | N/A | $291K+155.4% | $114K-84.3% | $726K | N/A |
| Cost of Revenue | $161K+1076.3% | $14K-95.2% | $287K | N/A | $218K+382.5% | $45K-66.5% | $135K | N/A |
| Gross Profit | $19K+925.2% | -$2K+96.7% | -$67K | N/A | $73K+6.3% | $69K-88.4% | $591K | N/A |
| SG&A Expenses | $1.5M-23.9% | $2.0M+61.8% | $1.2M | N/A | $4.3M+29.5% | $3.3M+28.2% | $2.6M | N/A |
| Operating Income | -$1.9M+48.3% | -$3.7M-100.2% | -$1.9M | N/A | -$4.5M+9.0% | -$4.9M+27.0% | -$6.7M | N/A |
| Interest Expense | $179K+154.1% | -$331K-259.9% | $207K | N/A | $62K+329.9% | -$27K-101.2% | $2.2M | N/A |
| Net Income | -$2.2M+55.2% | -$4.9M-61.9% | -$3.0M | N/A | -$4.5M+8.2% | -$4.9M+44.9% | -$9.0M | N/A |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax, EPS (Diluted).
JEWL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.4M-10.0% | $12.6M-2.5% | $12.9M+0.4% | $12.9M-2.1% | $13.2M+6.3% | $12.4M-14.6% | $14.5M+81.7% | $8.0M |
| Current Assets | $1.4M-12.9% | $1.6M-13.2% | $1.8M+8.6% | $1.7M-22.4% | $2.1M-32.9% | $3.2M-39.9% | $5.3M+273.3% | $1.4M |
| Cash & Equivalents | $16K-74.9% | $64K-81.2% | $340K+1204.9% | $26K-96.0% | $651K-28.1% | $906K-73.8% | $3.5M+3817.0% | $88K |
| Inventory | $1.3M-10.3% | $1.5M+2.2% | $1.5M-6.4% | $1.6M+35.7% | $1.1M+28.0% | $895K+196.4% | $302K+414.5% | $59K |
| Accounts Receivable | $15K0.0% | $15K+86.1% | $8K-89.8% | $80K-76.8% | $346K-75.2% | $1.4M-10.6% | $1.6M+22.1% | $1.3M |
| Goodwill | $5.4M0.0% | $5.4M0.0% | $5.4M0.0% | $5.4M0.0% | $5.4M0.0% | $5.4M0.0% | $5.4M0.0% | $5.4M |
| Total Liabilities | $13.0M-0.8% | $13.1M+11.2% | $11.8M+20.8% | $9.8M+4.3% | $9.4M+9.2% | $8.6M+2.6% | $8.4M-34.6% | $12.8M |
| Current Liabilities | $12.7M+7.6% | $11.8M+13.1% | $10.4M+25.7% | $8.3M+1.2% | $8.2M+10.8% | $7.4M+3.5% | $7.1M-44.2% | $12.8M |
| Total Equity | -$1.7M-227.8% | -$506K-144.3% | $1.1M-63.5% | $3.1M-23.2% | $4.1M-0.2% | $4.1M-36.4% | $6.4M+241.4% | -$4.5M |
| Retained Earnings | -$73.7M-3.1% | -$71.5M-7.4% | -$66.6M-4.8% | -$63.6M-6.4% | -$59.8M-8.2% | -$55.2M-9.8% | -$50.3M-21.7% | -$41.3M |
Not reported in any period shown, so not listed: Long-Term Debt.
JEWL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$161K+86.9% | -$1.2M-72.9% | -$712K-7.0% | -$666K+66.9% | -$2.0M+15.8% | -$2.4M-39.8% | -$1.7M-6.8% | -$1.6M |
| Investing Cash Flow | N/A | N/A | N/A | $0 | $0+100.0% | -$165K+87.3% | -$1.3M | N/A |
| Financing Cash Flow | $113K-88.2% | $956K-6.9% | $1.0M+2393.2% | $41K-97.7% | $1.8M | $0-100.0% | $6.4M+278.1% | $1.7M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
JEWL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.3%+29.8pp | -19.6%+10.9pp | -30.5% | N/A | 25.1%-35.3pp | 60.4%-21.1pp | 81.4% | N/A |
| Operating Margin | -1071.3% | -32472.0% | -846.3% | N/A | -1538.4% | -4317.4% | -927.4% | N/A |
| Net Margin | -1220.9% | -42749.8% | -1377.7% | N/A | -1559.8% | -4341.2% | -1236.4% | N/A |
| Return on Equity | N/A | N/A | -265.4% | N/A | -111.6%+9.8pp | -121.4%+18.7pp | -140.1% | N/A |
| Return on Assets | -19.3%+19.5pp | -38.8%-15.5pp | -23.4% | N/A | -34.4%+5.5pp | -39.9%+22.0pp | -61.9% | N/A |
| Current Ratio | 0.110.0x | 0.130.0x | 0.170.0x | 0.20-0.1x | 0.26-0.2x | 0.43-0.3x | 0.75+0.6x | 0.11 |
| Debt-to-Equity | N/A | N/A | 10.35+7.2x | 3.13+0.8x | 2.30+0.2x | 2.10+0.8x | 1.30 | N/A |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Note: The current ratio is below 1.0 (0.20), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Adamas One Corp Ranks
Frequently Asked Questions
What is Adamas One Corp's annual revenue?
Adamas One Corp (JEWL) reported $1.0M in total revenue for fiscal year 2023. This represents a -43.7% 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 Adamas One Corp's revenue growing?
Adamas One Corp (JEWL) revenue declined by 43.7% year-over-year, from $1.8M to $1.0M in fiscal year 2023.
Is Adamas One Corp profitable?
No, Adamas One Corp (JEWL) reported a net income of -$22.5M in fiscal year 2023.
What is Adamas One Corp's EBITDA?
Adamas One Corp (JEWL) had EBITDA of -$19.6M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Adamas One Corp's gross margin?
Adamas One Corp (JEWL) had a gross margin of 74.9% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Adamas One Corp's return on equity (ROE)?
Adamas One Corp (JEWL) has a return on equity of -721.8% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Adamas One Corp's operating cash flow?
Adamas One Corp (JEWL) recorded an outflow of $6.8M in operating cash flow during fiscal year 2023, representing cash used by core business activities.
What are Adamas One Corp's total assets?
Adamas One Corp (JEWL) had $12.9M in total assets as of fiscal year 2023, including both current and long-term assets.
How much does Adamas One Corp spend on research and development?
Adamas One Corp (JEWL) invested $200K in research and development during fiscal year 2023.
What is Adamas One Corp's current ratio?
Adamas One Corp (JEWL) had a current ratio of 0.20 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Adamas One Corp's debt-to-equity ratio?
Adamas One Corp (JEWL) had a debt-to-equity ratio of 3.13 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Adamas One Corp's return on assets (ROA)?
Adamas One Corp (JEWL) had a return on assets of -174.8% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
How does Adamas One Corp's liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, Adamas One Corp (JEWL) held $26K in cash, cash equivalents and investments, and reported an operating cash outflow of $6.8M over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Adamas One Corp's Piotroski F-Score?
Adamas One Corp (JEWL) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Adamas One Corp's earnings high quality?
Adamas One Corp (JEWL) reported a net loss of $22.5M while operations used $6.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 Adamas One Corp cover its interest payments?
Adamas One Corp (JEWL) reported an operating loss of $20.1M against $438K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.