Mountain Crest Financials
Financial Health Signals
Mountain Crest passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Mountain Crest generates $2.46 in operating cash flow (-$921K OCF vs -$374K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Mountain Crest earns $-441.1 in operating income for every $1 of interest expense (-$618K vs $1K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Mountain Crest (MCAG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Key Financial Metrics
Mountain Crest reported -$374K in net income in fiscal year 2024. This represents an increase of 83.4% from the prior year.
Mountain Crest held $117K in cash against $0 in long-term debt as of fiscal year 2024.
Mountain Crest had 3M shares outstanding in fiscal year 2024. This represents a decrease of 11.6% from the prior year.
MCAG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $77K-36.5% | $120K-37.0% | $191K-5.4% | $202K+39.2% | $145K+73.4% | $84K | N/A | $2.0M |
| Operating Income | -$77K+36.5% | -$120K+37.0% | -$191K+5.4% | -$202K-39.2% | -$145K-73.4% | -$84K | N/A | -$2.0M |
| Interest Expense | N/A | N/A | N/A | N/A | $347-67.1% | $1K | N/A | $2K |
| Income Tax | $2K+0.2% | $2K+1.0% | $2K-56.5% | $5K-74.1% | $20K+40.7% | $14K | N/A | $14K |
| Net Income | -$66K+39.9% | -$111K+39.0% | -$181K-38.6% | -$131K-102.6% | -$65K-152.9% | -$26K | N/A | -$1.9M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MCAG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3M+0.2% | $1.3M+4.8% | $1.2M-7.8% | $1.3M-77.9% | $6.0M+1.6% | $5.9M+4.2% | $5.6M+2.0% | $5.5M |
| Current Assets | $78K-11.4% | $88K+107.4% | $43K-72.9% | $157K+67.7% | $94K-27.1% | $128K+696.9% | $16K | N/A |
| Cash & Equivalents | $41K+62.6% | $25K-9.4% | $28K-76.0% | $117K+453.2% | $21K-11.4% | $24K+48.0% | $16K+42.0% | $11K |
| 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 | $5.1M+1.4% | $5.0M+3.5% | $4.8M+1.7% | $4.8M-46.9% | $9.0M-3.7% | $9.3M+4.1% | $8.9M+3.3% | $8.6M |
| Current Liabilities | $1.8M+3.9% | $1.8M+10.5% | $1.6M+5.2% | $1.5M+38.6% | $1.1M-28.8% | $1.5M+20.6% | $1.3M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$3.8M-1.8% | -$3.7M-3.0% | -$3.6M-5.4% | -$3.4M-14.9% | -$3.0M+12.6% | -$3.4M-4.0% | -$3.3M-5.5% | -$3.1M |
| Retained Earnings | -$6.0M-1.1% | -$6.0M-1.9% | -$5.8M-3.2% | -$5.7M-6.2% | -$5.3M-1.2% | -$5.3M-0.5% | -$5.2M-1.3% | -$5.2M |
MCAG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$134K+42.3% | -$233K-162.2% | -$89K+71.4% | -$310K+13.4% | -$358K-174.6% | -$130K-39.7% | -$93K+14.5% | -$109K |
| 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 | $4.9M+9491.5% | -$52K0.0% | -$52K0.0% | -$52K-141.4% | $125K |
| Financing Cash Flow | $150K | N/A | N/A | -$4.5M-1204.5% | $407K+114.3% | $190K+26.7% | $150K+248.0% | -$101K |
| 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 |
MCAG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | -5.2%+3.5pp | -8.7%+6.3pp | -15.0%-12.8pp | -2.1%-1.1pp | -1.1%-0.6pp | -0.4% | N/A | -35.0% |
| Current Ratio | 0.040.0 | 0.05+0.0 | 0.03-0.1 | 0.10+0.0 | 0.090.0 | 0.08+0.1 | 0.01 | N/A |
| Debt-to-Equity | -1.330.0 | -1.340.0 | -1.33+0.0 | -1.38+1.6 | -2.99-0.3 | -2.710.0 | -2.71+0.1 | -2.77 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$3.4M), 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 (0.10), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
Is Mountain Crest profitable?
No, Mountain Crest (MCAG) reported a net income of -$374K in fiscal year 2024.
What is Mountain Crest's operating cash flow?
Mountain Crest (MCAG) generated -$921K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mountain Crest's total assets?
Mountain Crest (MCAG) had $1.3M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Mountain Crest have outstanding?
Mountain Crest (MCAG) had 3M shares outstanding as of fiscal year 2024.
What is Mountain Crest's current ratio?
Mountain Crest (MCAG) had a current ratio of 0.10 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Mountain Crest's debt-to-equity ratio?
Mountain Crest (MCAG) had a debt-to-equity ratio of -1.38 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mountain Crest's return on assets (ROA)?
Mountain Crest (MCAG) had a return on assets of -28.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mountain Crest's cash runway?
Based on fiscal year 2024 data, Mountain Crest (MCAG) had $117K in cash against an annual operating cash burn of $921K. This gives an estimated cash runway of approximately 2 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 Mountain Crest's debt-to-equity ratio negative or unusual?
Mountain Crest (MCAG) has negative shareholder equity of -$3.4M as of fiscal year 2024, 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 Mountain Crest's Piotroski F-Score?
Mountain Crest (MCAG) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mountain Crest's earnings high quality?
Mountain Crest (MCAG) has an earnings quality ratio of 2.46x, 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 Mountain Crest cover its interest payments?
Mountain Crest (MCAG) has an interest coverage ratio of -441.1x, 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.