Morgan Group Financials

MGHL

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2023 Currency USD FYE December

This page shows Morgan Group (MGHL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).

Financial Health Signals

Piotroski F-Score Weak

3/9

Morgan Group passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.64x

For every $1 of reported earnings, Morgan Group generates $0.64 in operating cash flow (-$603K OCF vs -$949K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$2.0M

YoY-32.4%

Morgan Group generated $2.0M in revenue in fiscal year 2022. This represents a decrease of 32.4% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$949K

YoY+39.6%

Morgan Group reported -$949K in net income in fiscal year 2022. This represents an increase of 39.6% from the prior year.

EPS (Diluted)

$-1.58

YoY+39.7%

Morgan Group earned $-1.58 per diluted share (EPS) in fiscal year 2022. This represents an increase of 39.7% from the prior year.

Cash & Debt

$2.3M

YoY-20.9%

5Y CAGR+165.7%

10Y CAGR+20.5%

Morgan Group held $2.3M in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

600,090

YoY+0.0%

Morgan Group had 600,090 shares outstanding in fiscal year 2022. This represents an increase of 0.0% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-47.2%

YoY+5.6pp

Morgan Group's net profit margin was -47.2% in fiscal year 2022, showing the share of revenue converted to profit. This is up 5.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

MGHL Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$2.0M-32.4%	$3.0M-33.0%	$4.4M-52.0%	$9.2M+11.3%	$8.3M	N/A
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$813K-32.7%	$1.2M+14.5%	$1.1M-13.8%	$1.2M-8.1%	$1.3M+2314.5%	$55K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$9K+1195.4%	$723+100.4%	-$203K+59.4%	-$501K+91.8%	-$6.1M	N/A
Net Income	-$949K+39.6%	-$1.6M-9.9%	-$1.4M+25.0%	-$1.9M+90.6%	-$20.3M-36862.0%	-$55K
EPS (Diluted)	$-1.58+39.7%	$-2.62-10.1%	$-2.38+30.4%	$-3.42	$-0.37	N/A

Metric	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
Revenue	$487K+3.8%	$469K-5.7%	$497K-19.0%	$614K+29.2%	$475K-6.6%	$509K-58.9%	$1.2M+161.9%	$473K
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	$199K-36.0%	$312K+40.9%	$221K+38.3%	$160K-32.6%	$237K+5.5%	$225K-5.4%	$238K-13.3%	$274K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0-100.0%	$9K	$0	$0-100.0%	$723	$0
Net Income	-$232K+39.0%	-$380K-37.5%	-$276K-347.6%	-$62K+82.4%	-$351K-1.2%	-$347K-683.4%	$60K+117.1%	-$347K
EPS (Diluted)	$-0.39+38.1%	$-0.63-37.0%	$-0.46-360.0%	$-0.10+83.1%	$-0.59-1.7%	$-0.58-680.0%	$0.10+117.2%	$-0.58

MGHL Balance Sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$3.4M-21.0%	$4.3M-22.8%	$5.6M-31.1%	$8.1M-34.3%	$12.4M+70256.8%	$18K
Current Assets	N/A	N/A	N/A	N/A	$137K+678.8%	$18K
Cash & Equivalents	$2.3M-20.9%	$2.9M-39.1%	$4.7M-27.9%	$6.6M-41.9%	$11.3M+65497.8%	$17K
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.3M+3.3%	$1.3M+29.2%	$996K-52.6%	$2.1M+1.6%	$2.1M+41264.5%	$5K
Current Liabilities	N/A	N/A	N/A	N/A	$222-95.6%	$5K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.1M-31.3%	$3.0M-34.1%	$4.6M-23.7%	$6.0M-41.5%	$10.3M+81750.3%	$13K
Retained Earnings	-$51.8M-1.9%	-$50.9M-3.2%	-$49.3M-3.0%	-$47.9M-4.1%	-$45.9M-693.1%	-$5.8M

Metric	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
Total Assets	$2.0M-21.9%	$2.5M-21.7%	$3.2M-6.0%	$3.4M-3.2%	$3.5M-8.9%	$3.9M-10.4%	$4.3M+8.3%	$4.0M
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.3M-15.2%	$1.5M-35.3%	$2.4M+2.9%	$2.3M-8.6%	$2.5M-14.5%	$2.9M+1.2%	$2.9M-1.3%	$2.9M
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	$766K-29.5%	$1.1M-22.6%	$1.4M+5.5%	$1.3M+11.7%	$1.2M+0.5%	$1.2M-7.9%	$1.3M+27.0%	$1.0M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.2M-16.2%	$1.4M-21.0%	$1.8M-13.2%	$2.1M-10.7%	$2.3M-13.1%	$2.7M-11.4%	$3.0M+2.0%	$3.0M
Retained Earnings	-$52.7M-0.4%	-$52.5M-0.7%	-$52.1M-0.5%	-$51.8M-0.5%	-$51.6M-0.7%	-$51.2M-0.7%	-$50.9M+0.1%	-$50.9M

MGHL Cash Flow Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$603K+64.7%	-$1.7M+7.2%	-$1.8M+22.4%	-$2.4M-860.8%	-$247K-422.6%	-$47K
Capital Expenditures	N/A	$0-100.0%	$842	$0-100.0%	$60K	N/A
Free Cash Flow	N/A	-$1.7M+7.2%	-$1.8M+22.3%	-$2.4M-672.1%	-$307K	N/A
Investing Cash Flow	N/A	$0+100.0%	-$842	$0+100.0%	-$60K	N/A
Financing Cash Flow	N/A	N/A	$0+100.0%	-$2.4M-1419.0%	$180K	N/A
Dividends Paid	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

Metric	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
Operating Cash Flow	-$230K+72.3%	-$831K-1371.9%	$65K+165.5%	-$100K+76.5%	-$424K-1287.1%	$36K+194.3%	-$38K+82.0%	-$210K
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	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
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

MGHL Financial Ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	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
Net Margin	-47.2%+5.6pp	-52.8%-20.6pp	-32.2%-11.6pp	-20.6%+223.8pp	-244.4%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-27.8%+8.6pp	-36.3%-10.8pp	-25.5%-2.1pp	-23.4%+140.4pp	-163.9%+148.0pp	-311.9%
Current Ratio	N/A	N/A	N/A	N/A	617.52+614.0	3.52
Debt-to-Equity	0.64+0.2	0.42+0.2	0.22-0.1	0.35+0.1	0.20-0.2	0.40
FCF Margin	N/A	-57.4%-15.9pp	-41.5%-15.9pp	-25.6%-21.9pp	-3.7%	N/A

Metric	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
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	-47.6%+33.4pp	-81.0%-25.4pp	-55.6%-45.5pp	-10.1%+63.9pp	-73.9%-5.7pp	-68.2%-73.0pp	4.8%+78.2pp	-73.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	2.0%	N/A
Return on Assets	-11.8%+3.3pp	-15.1%-6.5pp	-8.6%-6.8pp	-1.8%+8.1pp	-10.0%-1.0pp	-9.0%-10.3pp	1.4%+10.1pp	-8.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.64-0.1	0.76-0.0	0.78+0.1	0.64+0.1	0.51+0.1	0.44+0.0	0.42+0.1	0.34
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Morgan Group's annual revenue?

Morgan Group (MGHL) reported $2.0M in total revenue for fiscal year 2022. This represents a -32.4% 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 Morgan Group's revenue growing?

Morgan Group (MGHL) revenue declined by 32.4% year-over-year, from $3.0M to $2.0M in fiscal year 2022.

Is Morgan Group profitable?

No, Morgan Group (MGHL) reported a net income of -$949K in fiscal year 2022, with a net profit margin of -47.2%.

What is Morgan Group's earnings per share (EPS)?

Morgan Group (MGHL) reported diluted earnings per share of $-1.58 for fiscal year 2022. This represents a 39.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Morgan Group's net profit margin?

Morgan Group (MGHL) had a net profit margin of -47.2% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is Morgan Group's operating cash flow?

Morgan Group (MGHL) generated -$603K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Morgan Group's total assets?

Morgan Group (MGHL) had $3.4M in total assets as of fiscal year 2022, including both current and long-term assets.

How many shares does Morgan Group have outstanding?

Morgan Group (MGHL) had 600,090 shares outstanding as of fiscal year 2022.

What is Morgan Group's debt-to-equity ratio?

Morgan Group (MGHL) had a debt-to-equity ratio of 0.64 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Morgan Group's return on assets (ROA)?

Morgan Group (MGHL) had a return on assets of -27.8% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Morgan Group's cash runway?

Based on fiscal year 2022 data, Morgan Group (MGHL) had $2.3M in cash against an annual operating cash burn of $603K. This gives an estimated cash runway of approximately 45 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.

What is Morgan Group's Piotroski F-Score?

Morgan Group (MGHL) 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 Morgan Group's earnings high quality?

Morgan Group (MGHL) has an earnings quality ratio of 0.64x, 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.