Morgan Group (MGHL) Financials
Newest figures come from the 10-Q for Q3 FY2023, filed Nov 20, 2023. Each column of the statement tables below links to the filing it was taken from.
Morgan Group (MGHL) reported $2.1M in revenue over the twelve months to Sep 30, 2023, down 21.6% from the prior twelve months. This page shows its 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).
Shrinking revenue has not removed the loss-making structure; the balance sheet is absorbing pressure while operating cash consumption narrows.
In FY2022, operating cash flow of-$603K was less negative than net loss of-$949K , so accounting losses overstated the period’s cash drain. The relationship flipped from FY2021, when operating cash flow was slightly more negative than net loss, to FY2022, when it was less negative—an earnings-quality shift driven by noncash or working-capital effects, not profitability.
Between FY2019 and FY2022, revenue contracted
Debt-to-equity rose from 0.2x in FY2018 to 0.6x in FY2022 even as total assets contracted; leverage is increasing through equity erosion, not debt expansion. Persistent annual losses explain why the remaining capital base is becoming more leveraged despite liabilities declining.
Financial Health Signals
Morgan Group 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.
Morgan Group passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
Morgan Group reported a net loss of $949K while operations used $603K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Morgan Group generated $487K in revenue in Q3 2023. This represents an increase of 17.8% from the same quarter a year earlier. Against the prior quarter it is up 3.8%.
Morgan Group reported -$232K in net income in Q3 2023. This represents a decrease of 22.7% from the same quarter a year earlier. Against the prior quarter it is up 39.0%.
Morgan Group earned -$0.39 per diluted share (EPS) in Q3 2023. This represents a decrease of 25.8% from the same quarter a year earlier. Against the prior quarter it is up 38.1%.
Not reported for Q3 2023.
Cash & Balance Sheet
Morgan Group held $1.3M in cash as of Q3 2023; long-term debt is not reported for that period.
Not reported for Q3 2023.
Not reported for Q3 2023.
Margins & Returns
Morgan Group's net profit margin was -47.6% in Q3 2023, showing the share of revenue converted to profit. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 33.4 percentage points.
Morgan Group's ROE was -19.4% in Q3 2023, measuring profit generated per dollar of shareholder equity. This is down 10.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.2 percentage points.
Not reported for Q3 2023.
Not reported for Q3 2023.
Capital Allocation
None of these metrics is reported for Q3 2023.
MGHL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-Q | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $487K+17.8% | $469K-1.3% | $497K-2.3% | $614K-50.4% | $413K-12.6% | $475K-18.7% | $509K-25.0% | $1.2M+54.6% |
| SG&A Expenses | $199K+4.4% | $312K+31.3% | $221K-1.7% | $160K-32.7% | $191K-30.4% | $237K-44.7% | $225K-15.5% | $238K+52.4% |
| Income Tax | $0 | $0 | $0 | $9K+1195.4% | $0 | $0 | $0 | $723-99.4% |
| Net Income | -$232K-22.7% | -$380K-8.2% | -$276K+20.4% | -$62K-203.8% | -$189K+45.6% | -$351K+51.3% | -$347K+38.3% | $60K+110.4% |
| EPS (Basic) | -$0.39-25.8% | -$0.63-6.8% | -$0.46+20.7% | -$0.10-200.0% | -$0.31+46.6% | -$0.59+50.8% | -$0.58+38.3% | $0.10+110.5% |
| EPS (Diluted) | -$0.39-25.8% | -$0.63-6.8% | -$0.46+20.7% | -$0.10-200.0% | -$0.31+46.6% | -$0.59+50.8% | -$0.58+38.3% | $0.10+110.5% |
| Diluted Shares (Avg) | 600,0900.0% | 600,0900.0% | 600,0900.0% | N/A | 600,0900.0% | 600,0900.0% | 600,0900.0% | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense.
MGHL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-Q | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0M-43.6% | $2.5M-28.7% | $3.2M-17.1% | $3.4M-21.0% | $3.5M-12.7% | $3.5M-16.5% | $3.9M-20.6% | $4.3M-22.8% |
| Cash & Equivalents | $1.3M-45.9% | $1.5M-39.2% | $2.4M-19.6% | $2.3M-20.9% | $2.4M-18.5% | $2.5M-23.9% | $2.9M-25.4% | $2.9M-39.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $766K-42.6% | $1.1M-8.8% | $1.4M+18.4% | $1.3M+3.3% | $1.3M+31.6% | $1.2M+31.8% | $1.2M+41.9% | $1.3M+29.2% |
| Total Equity | $1.2M-44.2% | $1.4M-38.8% | $1.8M-32.7% | $2.1M-31.3% | $2.1M-27.8% | $2.3M-29.7% | $2.7M-33.5% | $3.0M-34.1% |
| Retained Earnings | -$52.7M-1.8% | -$52.5M-1.8% | -$52.1M-1.7% | -$51.8M-1.9% | -$51.7M-1.6% | -$51.6M-2.0% | -$51.2M-2.7% | -$50.9M-3.2% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.
MGHL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
MGHL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-Q | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -47.6%-1.9pp | -81.0%-7.1pp | -55.6%+12.6pp | -10.1%-14.9pp | -45.7%+27.7pp | -73.9% | -68.2%+14.7pp | 4.8%+76.3pp |
| Return on Equity | -19.4%-10.6pp | -26.6%-11.5pp | -15.3%-2.4pp | -3.0%-4.9pp | -8.8%+2.9pp | -15.0%+6.7pp | -12.9%+1.0pp | 2.0%+14.4pp |
| Return on Assets | -11.8%-6.4pp | -15.1%-5.1pp | -8.6%+0.4pp | -1.8%-3.2pp | -5.4%+3.3pp | -10.0%+7.1pp | -9.0%+2.6pp | 1.4%+11.6pp |
| Debt-to-Equity | 0.640.0x | 0.76+0.3x | 0.78+0.3x | 0.64+0.2x | 0.62+0.3x | 0.51+0.2x | 0.44+0.2x | 0.42+0.2x |
| Asset Turnover | 0.25+0.1x | 0.19+0.1x | 0.150.0x | 0.18-0.1x | 0.120.0x | 0.130.0x | 0.130.0x | 0.29+0.1x |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Morgan Group MGHL | FY2022 | $2.0M | -$949K | -47.2% | $1.3M | — |
| Mentor Capital MNTR | FY2025 | $167K | -$574K | N/A | $1.1M | — |
Where Morgan Group Ranks
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 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 return on equity (ROE)?
Morgan Group (MGHL) has a return on equity of -45.5% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
What is Morgan Group's operating cash flow?
Morgan Group (MGHL) recorded an outflow of $603K in operating cash flow during fiscal year 2022, representing cash used by 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.
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 Piotroski F-Score?
Morgan Group (MGHL) has a Piotroski F-Score of 3 out of 6 computable signals; 3 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 Morgan Group's earnings high quality?
Morgan Group (MGHL) reported a net loss of $949K while operations used $603K 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.