Kona Gold Beverage Inc Financials
This page shows Kona Gold Beverage Inc (KGKG) financial statements, including the 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).
Revenue growth is being bought with external financing as gross profit gains still fail to relieve cash strain.
Despite revenue nearly doubling from FY2021 to FY2022, operating cash flow stayed near-$2.5M and year-end cash fell to$40K . The added gross profit was largely absorbed by overhead and financing costs, and even financing inflow of$1.9M was not enough to stop liquidity from tightening in a bigger-sales year.
The balance sheet is structurally stretched: FY2022 ended with negative equity, while current liabilities of
Unit economics improved in FY2022, with gross margin rising to
Financial Health Signals
We are recalculating Kona Gold Beverage Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. 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.
For every $1 of reported earnings, Kona Gold Beverage Inc generates $0.34 in operating cash flow (-$2.5M OCF vs -$7.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Kona Gold Beverage Inc earns $-3.0 in operating income for every $1 of interest expense (-$3.2M vs $1.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
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.
Cash & Balance Sheet
Kona Gold Beverage Inc generated -$2.5M in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 13.0% from the prior year.
Kona Gold Beverage Inc held $40K in cash against $0 in long-term debt as of fiscal year 2022.
Kona Gold Beverage Inc had 2.00B shares outstanding in fiscal year 2022. This represents an increase of 108.3% from the prior year.
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. This is up 105.9 percentage points from the prior year.
Kona Gold Beverage Inc's net profit margin was -164.6% in fiscal year 2022, showing the share of revenue converted to profit. This is up 118.6 percentage points from the prior year.
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.
KGKG Income Statement
| 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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 |
KGKG Balance Sheet
| 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 | $850K |
| 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
| 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 |
| 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 |
KGKG Financial Ratios
| 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%+327.7pp | -407.5% |
| Net Margin | -75.3%+89.8pp | -165.1%-40.2pp | -124.9%-22.6pp | -102.4%+3.1pp | -105.4%+12.9pp | -118.3%+239.6pp | -357.9%+23.9pp | -381.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | 0.100.0 | 0.11-0.0 | 0.13-0.1 | 0.19-0.1 | 0.26-0.0 | 0.30-0.0 | 0.35-0.0 | 0.39 |
| Debt-to-Equity | -1.26+0.0 | -1.29+0.1 | -1.41+0.2 | -1.59+0.2 | -1.79+0.1 | -1.86-0.2 | -1.67-1.5 | -0.21 |
| FCF Margin | N/A | N/A | N/A | -30.8%+17.7pp | -48.5%+32.7pp | -81.2%-11.8pp | -69.4%+106.0pp | -175.4% |
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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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, with a net profit margin of -164.6%.
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 net profit margin?
Kona Gold Beverage Inc (KGKG) had a net profit margin of -164.6% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Kona Gold Beverage Inc's free cash flow?
Kona Gold Beverage Inc (KGKG) generated -$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) generated -$2.5M in operating cash flow during fiscal year 2022, representing cash generated from 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 debt-to-equity ratio?
Kona Gold Beverage Inc (KGKG) had a debt-to-equity ratio of -1.59 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
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.
What is Kona Gold Beverage Inc's cash runway?
Based on fiscal year 2022 data, Kona Gold Beverage Inc (KGKG) had $40K in cash against an annual operating cash burn of $2.5M. 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 Kona Gold Beverage Inc's debt-to-equity ratio negative or unusual?
Kona Gold Beverage Inc (KGKG) has negative shareholder equity of -$3.8M 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 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) has an earnings quality ratio of 0.34x, 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 Kona Gold Beverage Inc cover its interest payments?
Kona Gold Beverage Inc (KGKG) has an interest coverage ratio of -3.0x, 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.