Kona Gold Beverage Inc Financials
Kona Gold Beverage Inc (KGKG) reported $4.4M in revenue for fiscal year 2022, up 79.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Rapid sales expansion is being absorbed by operating losses, financing needs, and a severely strained balance sheet.
The 2022 gross margin recovered to22.3% from13.5% , but operating expenses still left a$3.2M loss on$4.4M of revenue. Because operating cash flow was-$2.5M and free cash flow was nearly identical at-$2.5M , the deficit came primarily from day-to-day operations rather than unusually heavy capital investment.
Revenue nearly doubled from
The balance sheet combines negative equity of
Financial Health Signals
Kona Gold Beverage Inc 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.
Kona Gold Beverage Inc scores -19.85, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($782K) relative to total liabilities ($6.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Kona Gold Beverage Inc 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, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
Kona Gold Beverage Inc reported a net loss of $7.3M while operations used $2.5M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Kona Gold Beverage Inc reported an operating loss of $3.2M against $1.0M 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
Kona Gold Beverage Inc generated $4.4M in revenue in fiscal year 2022. This represents an increase of 79.2% from the prior year.
Kona Gold Beverage Inc's EBITDA was -$3.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 29.3% from the prior year.
Kona Gold Beverage Inc reported -$7.3M in net income in fiscal year 2022. This represents a decrease of 4.2% from the prior year.
Not reported for fiscal year 2022.
Cash & Balance Sheet
Kona Gold Beverage Inc recorded an outflow of $2.5M in free cash flow in fiscal year 2022, representing a cash shortfall after capex. This represents an increase of 13.0% from the prior year.
Kona Gold Beverage Inc held $40K in cash as of fiscal year 2022; long-term debt is not reported for that period.
Not reported for fiscal year 2022.
Margins & Returns
Kona Gold Beverage Inc's gross margin was 22.3% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 8.8 percentage points from the prior year.
Kona Gold Beverage Inc's operating margin was -71.0% in fiscal year 2022, reflecting core business profitability. No change is given against fiscal year 2021: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2022.
Capital Allocation
Kona Gold Beverage Inc invested $44K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 77.2% from the prior year.
Not reported for fiscal year 2022.
Not reported for fiscal year 2022.
KGKG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $688K-26.0% | $930K-27.1% | $1.3M+11.4% | $1.1M+1.2% | $1.1M-3.7% | $1.2M+17.9% | $995K+46.3% | $680K |
| Cost of Revenue | $501K-32.5% | $743K-24.7% | $987K+17.1% | $842K-3.5% | $873K-1.4% | $886K+4.2% | $850K+21.4% | $700K |
| Gross Profit | $187K0.0% | $187K-35.1% | $288K-4.5% | $302K+17.2% | $257K-10.6% | $288K+98.2% | $145K+832.6% | -$20K |
| SG&A Expenses | $657K-29.2% | $928K-27.2% | $1.3M+15.6% | $1.1M+2.5% | $1.1M+4.2% | $1.0M+9.8% | $939K-33.6% | $1.4M |
| Operating Income | -$470K+36.6% | -$741K+24.9% | -$986K-23.1% | -$801K+2.1% | -$818K-10.0% | -$744K+6.4% | -$794K+71.4% | -$2.8M |
| Interest Expense | $176K-43.0% | $309K+5.4% | $294K+47.2% | $199K-21.4% | $254K+62.3% | $156K-63.7% | $431K+588.2% | $63K |
| Net Income | -$518K+66.2% | -$1.5M+3.6% | -$1.6M-36.0% | -$1.2M+1.8% | -$1.2M+14.1% | -$1.4M+61.0% | -$3.6M-37.2% | -$2.6M |
| EPS (Diluted) | $0.00 | $0.00 | N/A | N/A | $0.00 | $0.00 | N/A | N/A |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
KGKG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4M-7.3% | $1.5M-18.0% | $1.8M-16.8% | $2.2M-15.8% | $2.6M+2.5% | $2.6M-11.9% | $2.9M-3.2% | $3.0M |
| Current Assets | $634K-5.8% | $673K-8.1% | $733K-28.4% | $1.0M-24.3% | $1.4M+5.6% | $1.3M-17.9% | $1.6M-2.7% | $1.6M |
| Cash & Equivalents | $370K+280.8% | $97K+26.8% | $77K+92.5% | $40K-85.3% | $271K+4276.1% | $6K-97.9% | $297K-57.8% | $704K |
| Inventory | $334K-39.5% | $552K-14.2% | $643K-25.2% | $859K-14.8% | $1.0M-15.3% | $1.2M+5.4% | $1.1M+96.5% | $575K |
| Accounts Receivable | -$120K-596.1% | $24K+84.6% | $13K-83.5% | $80K+41.8% | $56K+124.9% | $25K-73.5% | $94K+488.6% | $16K |
| Goodwill | N/A | N/A | N/A | $1.3M | N/A | N/A | N/A | $1.3M |
| Total Liabilities | $6.8M+0.1% | $6.7M+5.6% | $6.4M+6.8% | $6.0M0.0% | $6.0M+7.6% | $5.6M-23.6% | $7.3M+2.0% | $7.1M |
| Current Liabilities | $6.4M+0.7% | $6.4M+10.6% | $5.8M+8.6% | $5.3M+1.2% | $5.2M+24.5% | $4.2M-6.7% | $4.5M+9.0% | $4.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $839K |
| Total Equity | -$5.4M-2.2% | -$5.2M-15.2% | -$4.5M-20.7% | -$3.8M-12.4% | -$3.3M-12.0% | -$3.0M+31.4% | -$4.4M-5.7% | -$4.1M |
| Retained Earnings | -$27.3M-1.9% | -$26.7M-6.1% | -$25.2M-6.7% | -$23.6M-5.2% | -$22.4M-5.6% | -$21.3M-7.0% | -$19.9M-21.8% | -$16.3M |
KGKG 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 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $557K+250.5% | -$370K-71.5% | -$216K+38.6% | -$351K+33.7% | -$529K+44.3% | -$950K-41.9% | -$670K+41.5% | -$1.1M |
| Capital Expenditures | N/A | N/A | N/A | $1K-92.0% | $19K+517.6% | $3K-85.6% | $21K-56.8% | $49K |
| Free Cash Flow | N/A | N/A | N/A | -$352K+35.7% | -$548K+42.5% | -$953K-38.0% | -$691K+42.1% | -$1.2M |
| Investing Cash Flow | N/A | N/A | N/A | -$1K+92.0% | -$19K-517.6% | -$3K+85.6% | -$21K-101.7% | $1.2M |
| Financing Cash Flow | -$292K-174.9% | $390K+54.6% | $252K+107.8% | $121K-85.1% | $813K+22.7% | $662K+133.5% | $284K+291.2% | $72K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
KGKG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.2%+7.1pp | 20.1%-2.5pp | 22.6%-3.8pp | 26.4%+3.6pp | 22.8%-1.8pp | 24.5%+9.9pp | 14.6%+17.5pp | -2.9% |
| Operating Margin | -68.3%+11.4pp | -79.7%-2.4pp | -77.3%-7.3pp | -70.0%+2.3pp | -72.3%-9.0pp | -63.4%+16.4pp | -79.8% | -407.5% |
| Net Margin | -75.3% | -165.1% | -124.9% | -102.4% | -105.4% | -118.3% | -357.9% | -381.8% |
| Return on Assets | -37.0%+64.5pp | -101.5%-15.1pp | -86.4%-33.5pp | -52.8%-7.5pp | -45.3%+8.8pp | -54.1%+68.2pp | -122.3%-36.0pp | -86.3% |
| Current Ratio | 0.100.0x | 0.110.0x | 0.13-0.1x | 0.19-0.1x | 0.260.0x | 0.300.0x | 0.350.0x | 0.39 |
| FCF Margin | N/A | N/A | N/A | -30.8%+17.7pp | -48.5%+32.7pp | -81.2%-11.8pp | -69.4% | -175.4% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
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, FCF Margin.
Note: Shareholder equity is negative (-$3.8M), 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 (0.19), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Kona Gold Beverage Inc Ranks
Frequently Asked Questions
What is Kona Gold Beverage Inc's annual revenue?
Kona Gold Beverage Inc (KGKG) reported $4.4M in total revenue for fiscal year 2022. This represents a 79.2% 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 Kona Gold Beverage Inc's revenue growing?
Kona Gold Beverage Inc (KGKG) revenue grew by 79.2% year-over-year, from $2.5M to $4.4M in fiscal year 2022.
Is Kona Gold Beverage Inc profitable?
No, Kona Gold Beverage Inc (KGKG) reported a net income of -$7.3M in fiscal year 2022.
What is Kona Gold Beverage Inc's EBITDA?
Kona Gold Beverage Inc (KGKG) had EBITDA of -$3.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
What is Kona Gold Beverage Inc's gross margin?
Kona Gold Beverage Inc (KGKG) had a gross margin of 22.3% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Kona Gold Beverage Inc's operating margin?
Kona Gold Beverage Inc (KGKG) had an operating margin of -71.0% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Kona Gold Beverage Inc's free cash flow?
Kona Gold Beverage Inc (KGKG) recorded an outflow of $2.5M in free cash flow during fiscal year 2022. This represents a 13.0% change compared to the previous fiscal year. 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 Kona Gold Beverage Inc's operating cash flow?
Kona Gold Beverage Inc (KGKG) recorded an outflow of $2.5M in operating cash flow during fiscal year 2022, representing cash used by core business activities.
What are Kona Gold Beverage Inc's total assets?
Kona Gold Beverage Inc (KGKG) had $2.2M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Kona Gold Beverage Inc's capital expenditures?
Kona Gold Beverage Inc (KGKG) invested $44K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
What is Kona Gold Beverage Inc's current ratio?
Kona Gold Beverage Inc (KGKG) had a current ratio of 0.19 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Kona Gold Beverage Inc's return on assets (ROA)?
Kona Gold Beverage Inc (KGKG) had a return on assets of -330.1% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
How does Kona Gold Beverage Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2022, Kona Gold Beverage Inc (KGKG) held $40K in cash, cash equivalents and investments, and reported an operating cash outflow of $2.5M 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.
Why is Kona Gold Beverage Inc's debt-to-equity ratio negative or not reported?
Kona Gold Beverage Inc (KGKG) has negative shareholder equity of -$3.8M as of fiscal year 2022, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Kona Gold Beverage Inc's Altman Z-Score?
Kona Gold Beverage Inc (KGKG) has an Altman Z-Score of -19.85, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Kona Gold Beverage Inc's Piotroski F-Score?
Kona Gold Beverage Inc (KGKG) 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 Kona Gold Beverage Inc's earnings high quality?
Kona Gold Beverage Inc (KGKG) reported a net loss of $7.3M while operations used $2.5M 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 Kona Gold Beverage Inc cover its interest payments?
Kona Gold Beverage Inc (KGKG) reported an operating loss of $3.2M against $1.0M 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.