Jacksam Financials
This page shows Jacksam (JKSM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).
Jacksam is a shrinking operation financed by liabilities, with cash burn moderated mainly by working-capital release rather than profitability.
FY2021's near-breakeven result was not a true cash turnaround: operating cash flow was still-$1.24M while receivables had built to$591K . By FY2023, cash burn eased to-$311K even with revenue down to$1.5M , indicating shrinkage released working capital as receivables and inventory were largely cleared.
The balance sheet is liability-funded rather than asset-backed: FY2023 assets were just
Liquidity kept tightening even as cash burn became less severe; the current ratio moved from 0.2x in FY2021 to near zero by FY2023. With cash at
Financial Health Signals
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 Jacksam'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.
Jacksam has an operating margin of -21.9%, meaning the company retains $-22 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -26.7% the prior year.
Jacksam's revenue declined 64.7% year-over-year, from $4.1M to $1.5M. This contraction results in a growth score of 0/100.
Jacksam'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.
Jacksam passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Jacksam generates $0.25 in operating cash flow (-$311K OCF vs -$1.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Jacksam earns $-1.2 in operating income for every $1 of interest expense (-$319K vs $255K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Jacksam generated $1.5M in revenue in fiscal year 2023. This represents a decrease of 64.7% from the prior year.
Jacksam's EBITDA was -$319K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 71.0% from the prior year.
Jacksam reported -$1.3M in net income in fiscal year 2023. This represents an increase of 17.2% from the prior year.
Jacksam earned $-0.02 per diluted share (EPS) in fiscal year 2023. This represents an increase of 0.0% from the prior year.
Cash & Balance Sheet
Jacksam held $146K in cash against $0 in long-term debt as of fiscal year 2023.
Jacksam had 81M shares outstanding in fiscal year 2023. This represents an increase of 0.0% from the prior year.
Margins & Returns
Jacksam's gross margin was 16.4% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 3.7 percentage points from the prior year.
Jacksam's operating margin was -21.9% in fiscal year 2023, reflecting core business profitability. This is up 4.8 percentage points from the prior year.
Jacksam's net profit margin was -86.5% in fiscal year 2023, showing the share of revenue converted to profit. This is down 49.6 percentage points from the prior year.
Capital Allocation
JKSM Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $151K+11.1% | $136K-53.8% | $295K+26.2% | $234K+22.7% | $191K-52.6% | $403K-35.9% | $628K+60.6% | $391K |
| Cost of Revenue | $160K+89.3% | $84K-57.0% | $196K-58.4% | $471K+408.9% | $93K-62.6% | $248K-38.9% | $405K-13.0% | $466K |
| Gross Profit | -$8K-115.6% | $52K-47.5% | $99K+141.8% | -$237K-341.7% | $98K-36.7% | $155K-30.5% | $223K+399.5% | -$75K |
| 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 | $517K | N/A | $89K-2.5% | $91K-30.3% | $131K-68.9% | $420K |
| Operating Income | -$84K-160.4% | $139K+130.0% | -$465K-56.4% | -$297K-2069.0% | -$14K-208.1% | $13K+161.8% | -$21K+97.0% | -$691K |
| Interest Expense | $84K-0.6% | $84K+2.3% | $82K+94.9% | $42K+5.6% | $40K-68.3% | $126K+165.8% | $47K-34.2% | $72K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$168K-403.0% | $55K+110.1% | -$547K+24.0% | -$720K-168.5% | $1.1M+163.9% | -$1.6M-3068.4% | $55K+104.6% | -$1.2M |
| EPS (Diluted) | $0.00 | $0.00+100.0% | $-0.01 | N/A | $0.00+100.0% | $-0.02 | $0.00 | N/A |
JKSM Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $36K-75.3% | $147K-6.7% | $158K-43.1% | $277K-47.2% | $524K+23.7% | $423K-21.8% | $541K-33.7% | $817K |
| Current Assets | $20K-83.5% | $121K-1.1% | $123K-47.3% | $233K-50.6% | $471K+30.2% | $362K-23.3% | $471K-36.2% | $739K |
| Cash & Equivalents | $2K-97.4% | $68K-35.2% | $104K-28.2% | $146K0.0% | $146K+48.3% | $98K-49.6% | $195K-59.7% | $483K |
| Inventory | N/A | $131 | $0 | $0-100.0% | $216K-2.7% | $222K-7.0% | $239K+11.5% | $214K |
| Accounts Receivable | $18K+0.9% | $18K0.0% | $18K+90.4% | $10K-62.8% | $26K+466.4% | $5K+571.8% | $673 | $0 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $6.2M+0.5% | $6.2M+2.4% | $6.1M+9.2% | $5.5M-11.3% | $6.3M-12.9% | $7.2M+27.5% | $5.6M-5.2% | $5.9M |
| Current Liabilities | $5.8M+0.5% | $5.8M+2.5% | $5.6M+10.1% | $5.1M-12.0% | $5.8M-13.7% | $6.7M+41.7% | $4.8M-5.7% | $5.0M |
| Long-Term Debt | $789K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$6.2M-2.3% | -$6.1M-2.6% | -$5.9M-11.9% | -$5.3M+8.0% | -$5.7M+15.2% | -$6.8M-32.8% | -$5.1M+0.6% | -$5.1M |
| Retained Earnings | -$14.6M-1.2% | -$14.4M+0.4% | -$14.5M-3.9% | -$13.9M-5.5% | -$13.2M+7.4% | -$14.2M-13.1% | -$12.6M+0.4% | -$12.7M |
JKSM Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$62K-108.5% | -$30K+77.9% | -$134K-2665.0% | $5K-90.0% | $52K+155.6% | -$94K+66.0% | -$275K-249.0% | $185K |
| 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 | N/A | N/A | $0 | $0 | N/A |
| Financing Cash Flow | -$4K+40.3% | -$7K-107.9% | $93K+1873.0% | -$5K-13.7% | -$5K-47.8% | -$3K+76.1% | -$13K-2900.5% | -$434 |
| Dividends Paid | N/A | N/A | N/A | N/A | $3K+1.1% | $3K+1.1% | $3K | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
JKSM Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -5.3%-43.5pp | 38.2%+4.6pp | 33.6%+134.9pp | -101.3%-152.8pp | 51.4%+12.9pp | 38.5%+3.0pp | 35.5%+54.5pp | -19.1% |
| Operating Margin | -55.5%-157.8pp | 102.2%+259.6pp | -157.4%-30.4pp | -127.0%-119.8pp | -7.2%-10.3pp | 3.1%+6.4pp | -3.3%+173.5pp | -176.7% |
| Net Margin | -110.7%-151.3pp | 40.6%+225.8pp | -185.2%+122.4pp | -307.5%-858.3pp | 550.8%+959.5pp | -408.7%-417.5pp | 8.8%+315.0pp | -306.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -461.2%-498.9pp | 37.6%+384.7pp | -347.1%-87.0pp | -260.1%-460.7pp | 200.6%+589.2pp | -388.6%-398.8pp | 10.2%+156.8pp | -146.6% |
| Current Ratio | 0.00-0.0 | 0.020.0 | 0.02-0.0 | 0.05-0.0 | 0.08+0.0 | 0.05-0.0 | 0.10-0.0 | 0.15 |
| Debt-to-Equity | -0.13+0.9 | -1.020.0 | -1.03+0.0 | -1.05+0.0 | -1.09-0.0 | -1.06+0.0 | -1.11+0.1 | -1.16 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$5.3M), 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 Jacksam's annual revenue?
Jacksam (JKSM) reported $1.5M in total revenue for fiscal year 2023. This represents a -64.7% 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 Jacksam's revenue growing?
Jacksam (JKSM) revenue declined by 64.7% year-over-year, from $4.1M to $1.5M in fiscal year 2023.
Is Jacksam profitable?
No, Jacksam (JKSM) reported a net income of -$1.3M in fiscal year 2023, with a net profit margin of -86.5%.
What is Jacksam's EBITDA?
Jacksam (JKSM) had EBITDA of -$319K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Jacksam's gross margin?
Jacksam (JKSM) had a gross margin of 16.4% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Jacksam's operating margin?
Jacksam (JKSM) had an operating margin of -21.9% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Jacksam's net profit margin?
Jacksam (JKSM) had a net profit margin of -86.5% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Jacksam's operating cash flow?
Jacksam (JKSM) generated -$311K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Jacksam's total assets?
Jacksam (JKSM) had $277K in total assets as of fiscal year 2023, including both current and long-term assets.
What is Jacksam's current ratio?
Jacksam (JKSM) had a current ratio of 0.05 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Jacksam's debt-to-equity ratio?
Jacksam (JKSM) had a debt-to-equity ratio of -1.05 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Jacksam's return on assets (ROA)?
Jacksam (JKSM) had a return on assets of -455.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Jacksam's cash runway?
Based on fiscal year 2023 data, Jacksam (JKSM) had $146K in cash against an annual operating cash burn of $311K. This gives an estimated cash runway of approximately 6 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 Jacksam's debt-to-equity ratio negative or unusual?
Jacksam (JKSM) has negative shareholder equity of -$5.3M 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.
What is Jacksam's Piotroski F-Score?
Jacksam (JKSM) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Jacksam's earnings high quality?
Jacksam (JKSM) has an earnings quality ratio of 0.25x, 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 Jacksam cover its interest payments?
Jacksam (JKSM) has an interest coverage ratio of -1.2x, 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.
How financially healthy is Jacksam?
Jacksam (JKSM) 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.