Mj Holdings Financials
This page shows Mj Holdings (MJNE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mj Holdings has an operating margin of -945.1%, meaning the company retains $-945 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -3575.1% the prior year.
Mj Holdings's revenue surged 49.8% year-over-year to $362K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Mj Holdings has a moderate D/E ratio of 2.01. This balance of debt and equity financing earns a leverage score of 37/100.
Mj Holdings's current ratio of 0.39 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Mj Holdings generated -$3.7M in operating cash flow, capex of $147K consumed most of it, leaving -$3.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Mj Holdings passes 2 of 9 financial strength tests. 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, Mj Holdings generates $0.68 in operating cash flow (-$3.7M OCF vs -$5.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Mj Holdings earns $-43.8 in operating income for every $1 of interest expense (-$3.4M vs $78K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Mj Holdings generated $362K in revenue in fiscal year 2022. This represents an increase of 49.8% from the prior year.
Mj Holdings's EBITDA was -$3.2M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 61.8% from the prior year.
Mj Holdings generated -$3.8M in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 23.7% from the prior year.
Mj Holdings reported -$5.4M in net income in fiscal year 2022. This represents a decrease of 252.4% from the prior year.
Mj Holdings earned $-0.07 per diluted share (EPS) in fiscal year 2022. This represents a decrease of 240.0% from the prior year.
Mj Holdings held $1.3M in cash against $978K in long-term debt as of fiscal year 2022.
Mj Holdings had 79M shares outstanding in fiscal year 2022. This represents an increase of 11.7% from the prior year.
Mj Holdings's gross margin was -46.7% in fiscal year 2022, indicating the percentage of revenue retained after direct costs.
Mj Holdings's operating margin was -945.1% in fiscal year 2022, reflecting core business profitability. This is up 2630.0 percentage points from the prior year.
Mj Holdings's net profit margin was -1485.0% in fiscal year 2022, showing the share of revenue converted to profit. This is down 2944.6 percentage points from the prior year.
Mj Holdings invested $147K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 54.5% from the prior year.
MJNE Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'21 | Q3'22 | Q2'22 | Q1'22 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23K-80.4% | $119K+192.3% | $41K | N/A | $20K-90.6% | $209K-32.0% | $307K+143.5% | $126K |
| 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 | $181K+7.9% | $168K-64.5% | $473K | N/A | $584K-70.3% | $2.0M-29.9% | $2.8M+157.2% | $1.1M |
| Operating Income | -$418K-0.1% | -$418K+26.0% | -$564K | N/A | -$703K+63.0% | -$1.9M+26.7% | -$2.6M-49.2% | -$1.7M |
| Interest Expense | $23K-32.0% | $34K+327.8% | $8K | N/A | $44K+193.4% | $15K-12.5% | $17K-56.8% | $40K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | $277K | N/A | N/A |
| Net Income | $665K-26.9% | $909K+267.8% | -$542K | N/A | -$317K+62.1% | -$836K-111.5% | $7.2M+510.9% | -$1.8M |
| EPS (Diluted) | $-0.010.0% | $-0.010.0% | $-0.01 | N/A | N/A | N/A | $0.11 | N/A |
MJNE Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'21 | Q3'22 | Q2'22 | Q1'22 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.5M+4.2% | $4.3M-0.2% | $4.3M-51.4% | $8.8M-22.8% | $11.5M-13.1% | $13.2M-9.7% | $14.6M+95.0% | $7.5M |
| Current Assets | $768K+31.0% | $586K+8.7% | $539K-89.7% | $5.2M-22.0% | $6.7M-6.2% | $7.2M-17.2% | $8.7M+774.7% | $991K |
| Cash & Equivalents | $393K+58.1% | $249K-2.8% | $256K-94.6% | $4.7M-18.7% | $5.8M-2.1% | $5.9M-21.1% | $7.5M+6262.6% | $118K |
| Inventory | $1.3M0.0% | $1.3M0.0% | $1.3M0.0% | $1.3M | N/A | N/A | N/A | N/A |
| Accounts Receivable | $65K+2.9% | $63K+96.7% | $32K+303.8% | $8K-68.0% | $25K+36.8% | $18K+20.7% | $15K+59.9% | $9K |
| Goodwill | $1.5M0.0% | $1.5M | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.1M-13.7% | $3.5M-20.6% | $4.5M-12.1% | $5.1M-2.8% | $5.2M-22.5% | $6.7M-9.3% | $7.4M-15.5% | $8.8M |
| Current Liabilities | $2.2M+5.4% | $2.1M-46.3% | $3.9M-11.4% | $4.4M-2.8% | $4.5M-5.5% | $4.8M-11.3% | $5.4M-9.8% | $6.0M |
| Long-Term Debt | $855K-0.1% | $856K | N/A | $1.0M+16.4% | $876K-0.3% | $879K-18.6% | $1.1M-55.2% | $2.4M |
| Total Equity | $1.5M+77.8% | $855K+1659.2% | -$55K-101.4% | $3.9M-38.8% | $6.3M-3.3% | $6.6M-10.0% | $7.3M+714.7% | -$1.2M |
| Retained Earnings | -$20.8M+3.1% | -$21.5M+4.1% | -$22.4M-36.0% | -$16.5M-18.4% | -$13.9M-2.3% | -$13.6M-6.6% | -$12.8M+36.2% | -$20.0M |
MJNE Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'21 | Q3'22 | Q2'22 | Q1'22 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $240K+357.2% | -$93K+90.2% | -$954K-38.4% | -$690K-481.9% | -$119K+89.8% | -$1.2M+56.7% | -$2.7M-17141.1% | $16K |
| Capital Expenditures | $55K | $0-100.0% | $70K-64.6% | $197K | $0-100.0% | $14K-87.4% | $111K | $0 |
| Free Cash Flow | $186K+298.8% | -$93K+90.9% | -$1.0M-15.4% | -$887K-648.5% | -$119K+89.9% | -$1.2M+57.9% | -$2.8M-17845.8% | $16K |
| Investing Cash Flow | -$85K-182.0% | -$30K+70.5% | -$102K+57.3% | -$238K | $0+100.0% | -$214K-101.9% | $11.2M | $0 |
| Financing Cash Flow | -$11K-109.8% | $116K+505.7% | -$29K+81.1% | -$151K-5118.8% | -$3K+98.6% | -$201K+83.0% | -$1.2M-1361.0% | $93K |
| 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 |
MJNE Financial Ratios
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'21 | Q3'22 | Q2'22 | Q1'22 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -1791.0%-1440.5pp | -350.5%+1033.3pp | -1383.8% | N/A | -3592.8%-2682.2pp | -910.7%-66.1pp | -844.6%+533.5pp | -1378.1% |
| Net Margin | 2850.4%+2087.1pp | 763.4%+2092.8pp | -1329.5% | N/A | -1617.4%-1217.4pp | -400.1%-2755.6pp | 2355.5%+3751.2pp | -1395.7% |
| Return on Equity | 43.8%-62.6pp | 106.4% | N/A | N/A | N/A | N/A | 99.4% | N/A |
| Return on Assets | 14.9%-6.3pp | 21.2%+33.8pp | -12.6% | N/A | -2.8%+3.6pp | -6.3%-55.9pp | 49.6%+73.1pp | -23.5% |
| Current Ratio | 0.35+0.1 | 0.28+0.1 | 0.14-1.1 | 1.20-0.3 | 1.49-0.0 | 1.50-0.1 | 1.61+1.4 | 0.17 |
| Debt-to-Equity | 0.56-0.4 | 1.00+82.5 | -81.45-81.7 | 0.26+0.1 | 0.140.0 | 0.13-0.0 | 0.15+2.2 | -2.03 |
| FCF Margin | 796.3%+874.8pp | -78.5%+2434.8pp | -2513.3% | N/A | -605.4%-41.8pp | -563.6%+346.1pp | -909.8%-922.2pp | 12.5% |
Note: The current ratio is below 1.0 (0.39), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Mj Holdings's annual revenue?
Mj Holdings (MJNE) reported $362K in total revenue for fiscal year 2022. This represents a 49.8% 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 Mj Holdings's revenue growing?
Mj Holdings (MJNE) revenue grew by 49.8% year-over-year, from $242K to $362K in fiscal year 2022.
Is Mj Holdings profitable?
No, Mj Holdings (MJNE) reported a net income of -$5.4M in fiscal year 2022, with a net profit margin of -1485.0%.
What is Mj Holdings's earnings per share (EPS)?
Mj Holdings (MJNE) reported diluted earnings per share of $-0.07 for fiscal year 2022. This represents a -240.0% 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 Mj Holdings's EBITDA?
Mj Holdings (MJNE) had EBITDA of -$3.2M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Mj Holdings have?
As of fiscal year 2022, Mj Holdings (MJNE) had $1.3M in cash and equivalents against $978K in long-term debt.
What is Mj Holdings's gross margin?
Mj Holdings (MJNE) had a gross margin of -46.7% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mj Holdings's operating margin?
Mj Holdings (MJNE) had an operating margin of -945.1% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Mj Holdings's net profit margin?
Mj Holdings (MJNE) had a net profit margin of -1485.0% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Mj Holdings's free cash flow?
Mj Holdings (MJNE) generated -$3.8M in free cash flow during fiscal year 2022. This represents a 23.7% 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 Mj Holdings's operating cash flow?
Mj Holdings (MJNE) generated -$3.7M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Mj Holdings's total assets?
Mj Holdings (MJNE) had $5.1M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Mj Holdings's capital expenditures?
Mj Holdings (MJNE) invested $147K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
How many shares does Mj Holdings have outstanding?
Mj Holdings (MJNE) had 79M shares outstanding as of fiscal year 2022.
What is Mj Holdings's current ratio?
Mj Holdings (MJNE) had a current ratio of 0.39 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Mj Holdings's debt-to-equity ratio?
Mj Holdings (MJNE) had a debt-to-equity ratio of 2.01 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mj Holdings's return on assets (ROA)?
Mj Holdings (MJNE) had a return on assets of -104.9% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Mj Holdings's cash runway?
Based on fiscal year 2022 data, Mj Holdings (MJNE) had $1.3M in cash against an annual operating cash burn of $3.7M. This gives an estimated cash runway of approximately 4 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 Mj Holdings's Piotroski F-Score?
Mj Holdings (MJNE) has a Piotroski F-Score of 2 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 Mj Holdings's earnings high quality?
Mj Holdings (MJNE) has an earnings quality ratio of 0.68x, 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 Mj Holdings cover its interest payments?
Mj Holdings (MJNE) has an interest coverage ratio of -43.8x, 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.
How financially healthy is Mj Holdings?
Mj Holdings (MJNE) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.