Mastermind Financials
This page shows Mastermind (MMND) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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 FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mastermind has an operating margin of 12.1%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 61/100, indicating healthy but not exceptional operating efficiency. This is down from 16.3% the prior year.
Mastermind's revenue grew a modest 3.7% year-over-year to $4.7M. This slow but positive growth earns a score of 39/100.
Mastermind carries a low D/E ratio of 0.25, meaning only $0.25 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 9.16, Mastermind holds $9.16 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While Mastermind generated -$329K in operating cash flow, capex of $12K consumed most of it, leaving -$341K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Mastermind's ROE of 12.6% shows moderate profitability relative to equity, earning a score of 50/100. This is down from 25.6% the prior year.
Mastermind scores 3.86, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Mastermind passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Mastermind generates $-0.85 in operating cash flow (-$329K OCF vs $389K 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
Mastermind generated $4.7M in revenue in fiscal year 2023. This represents an increase of 3.7% from the prior year.
Mastermind's EBITDA was $587K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 22.9% from the prior year.
Mastermind generated -$341K in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 151.7% from the prior year.
Mastermind reported $389K in net income in fiscal year 2023. This represents a decrease of 43.5% from the prior year.
Mastermind earned $0.01 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 50.0% from the prior year.
Mastermind held $1.4M in cash against $0 in long-term debt as of fiscal year 2023.
Mastermind had 35M shares outstanding in fiscal year 2023. This represents an increase of 0.0% from the prior year.
Mastermind's gross margin was 61.2% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 5.0 percentage points from the prior year.
Mastermind's operating margin was 12.1% in fiscal year 2023, reflecting core business profitability. This is down 4.1 percentage points from the prior year.
Mastermind's net profit margin was 8.3% in fiscal year 2023, showing the share of revenue converted to profit. This is down 6.9 percentage points from the prior year.
Mastermind's ROE was 12.6% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 12.9 percentage points from the prior year.
Mastermind invested $12K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 22.9% from the prior year.
MMND Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 | Q2'23 | Q1'23 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $267K-66.8% | $806K+0.1% | $805K+102.0% | $398K-67.0% | $1.2M-8.4% | $1.3M+16.0% | $1.1M+9.1% | $1.0M |
| Cost of Revenue | $223K-14.7% | $261K-17.5% | $317K+6.0% | $299K-33.1% | $447K-16.2% | $533K+25.4% | $425K+1.1% | $421K |
| Gross Profit | $44K-91.8% | $545K+11.6% | $488K+389.9% | $100K-86.9% | $762K-3.1% | $786K+10.4% | $712K+14.6% | $621K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $81K+0.7% | $80K-12.7% | $92K-54.8% | $203K+124.9% | $90K-45.5% | $165K+86.4% | $89K-41.3% | $151K |
| Operating Income | -$308K-517.8% | $74K+29.8% | $57K+110.2% | -$560K-446.8% | $162K-21.6% | $206K+30.2% | $158K+258.5% | $44K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$79K-457.7% | $22K+20.4% | $18K-53.7% | $40K-17.4% | $48K-16.1% | $57K+30.9% | $44K+186.9% | -$50K |
| Net Income | -$224K-482.1% | $59K+22.8% | $48K+109.5% | -$503K-488.3% | $130K-16.5% | $155K+31.4% | $118K+964.8% | -$14K |
| EPS (Diluted) | $-0.01 | $0.00 | $0.00+100.0% | $-0.01 | $0.00 | $0.00 | $0.00 | $0.00 |
MMND Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 | Q2'23 | Q1'23 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.8M-11.4% | $3.2M+4.5% | $3.0M-2.9% | $3.1M-18.4% | $3.8M+5.8% | $3.6M-0.3% | $3.6M+6.2% | $3.4M |
| Current Assets | $2.8M-11.5% | $3.2M+4.7% | $3.0M-2.8% | $3.1M-18.6% | $3.8M+6.0% | $3.6M-0.3% | $3.6M+6.3% | $3.4M |
| Cash & Equivalents | $511K-26.5% | $694K-8.8% | $761K-33.1% | $1.1M-18.5% | $1.4M+17.3% | $1.2M-14.3% | $1.4M-19.0% | $1.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $158K-27.9% | $219K+3.0% | $213K-16.3% | $254K-62.4% | $677K-21.6% | $864K+31.7% | $656K+49.8% | $438K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $358K-28.2% | $498K+18.8% | $420K-24.8% | $558K-26.8% | $762K+12.2% | $679K-19.8% | $847K+12.6% | $752K |
| Current Liabilities | $173K-26.6% | $235K+32.6% | $178K-46.9% | $334K-19.6% | $416K+9.0% | $382K-24.5% | $505K+11.1% | $455K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.5M-8.3% | $2.7M+2.2% | $2.6M+1.8% | $2.6M-16.3% | $3.1M+4.4% | $3.0M+5.5% | $2.8M+4.4% | $2.7M |
| Retained Earnings | $2.4M-8.6% | $2.6M+2.3% | $2.5M+1.9% | $2.5M-16.9% | $3.0M+4.5% | $2.9M+5.7% | $2.7M+4.6% | $2.6M |
MMND Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 | Q2'23 | Q1'23 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$184K-175.1% | -$67K+82.2% | -$376K-48.5% | -$253K-222.2% | $207K+206.3% | -$195K+39.5% | -$323K-1602.0% | -$19K |
| Capital Expenditures | $0 | $0 | $0-100.0% | $5K+165.8% | $2K-46.8% | $3K+0.4% | $3K-0.4% | $3K |
| Free Cash Flow | -$184K-175.1% | -$67K+82.2% | -$376K-45.7% | -$258K-225.6% | $205K+203.5% | -$198K+39.1% | -$326K-1357.0% | -$22K |
| Investing Cash Flow | $0 | $0 | $0+100.0% | -$5K-165.8% | -$2K+46.8% | -$3K-54.9% | -$2K+35.4% | -$3K |
| Financing Cash Flow | $0 | $0 | $0+100.0% | -$143K | $0+100.0% | -$11K-1226.2% | $1K | $0 |
| Dividends Paid | N/A | N/A | N/A | $100K+150.0% | -$200K | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MMND Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 | Q2'23 | Q1'23 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.6%-50.9pp | 67.6%+6.9pp | 60.6%+35.6pp | 25.0%-38.0pp | 63.0%+3.4pp | 59.6%-3.0pp | 62.6%+3.0pp | 59.6% |
| Operating Margin | -115.4%-124.5pp | 9.2%+2.1pp | 7.1%+147.7pp | -140.6%-154.0pp | 13.4%-2.3pp | 15.6%+1.7pp | 13.9%+9.7pp | 4.2% |
| Net Margin | -83.7%-90.9pp | 7.3%+1.3pp | 5.9%+132.2pp | -126.3%-137.0pp | 10.7%-1.0pp | 11.8%+1.4pp | 10.4%+11.7pp | -1.3% |
| Return on Equity | N/A | 2.2%+0.4pp | 1.8%-5.9pp | 7.8%+3.5pp | 4.2%-1.1pp | 5.3%+1.0pp | 4.2% | N/A |
| Return on Assets | -7.9%-9.8pp | 1.8%+0.3pp | 1.6%+17.6pp | -16.0%-19.4pp | 3.4%-0.9pp | 4.3%+1.0pp | 3.2%+3.6pp | -0.4% |
| Current Ratio | 16.15+2.8 | 13.40-3.6 | 16.97+7.7 | 9.27+0.1 | 9.16-0.3 | 9.42+2.3 | 7.14-0.3 | 7.46 |
| Debt-to-Equity | 0.15-0.0 | 0.19+0.0 | 0.16-0.1 | 0.22-0.0 | 0.25+0.0 | 0.23-0.1 | 0.30+0.0 | 0.28 |
| FCF Margin | -68.7%-60.4pp | -8.3%+38.4pp | -46.7%+18.1pp | -64.8%-81.8pp | 17.0%+32.0pp | -15.0%+13.6pp | -28.7%-26.5pp | -2.1% |
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Frequently Asked Questions
What is Mastermind's annual revenue?
Mastermind (MMND) reported $4.7M in total revenue for fiscal year 2023. This represents a 3.7% 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 Mastermind's revenue growing?
Mastermind (MMND) revenue grew by 3.7% year-over-year, from $4.5M to $4.7M in fiscal year 2023.
Is Mastermind profitable?
Yes, Mastermind (MMND) reported a net income of $389K in fiscal year 2023, with a net profit margin of 8.3%.
What is Mastermind's earnings per share (EPS)?
Mastermind (MMND) reported diluted earnings per share of $0.01 for fiscal year 2023. This represents a -50.0% 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 Mastermind's EBITDA?
Mastermind (MMND) had EBITDA of $587K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is Mastermind's gross margin?
Mastermind (MMND) had a gross margin of 61.2% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Mastermind's operating margin?
Mastermind (MMND) had an operating margin of 12.1% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Mastermind's net profit margin?
Mastermind (MMND) had a net profit margin of 8.3% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Mastermind's return on equity (ROE)?
Mastermind (MMND) has a return on equity of 12.6% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Mastermind's free cash flow?
Mastermind (MMND) generated -$341K in free cash flow during fiscal year 2023. This represents a -151.7% 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 Mastermind's operating cash flow?
Mastermind (MMND) generated -$329K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Mastermind's total assets?
Mastermind (MMND) had $3.8M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Mastermind's capital expenditures?
Mastermind (MMND) invested $12K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How many shares does Mastermind have outstanding?
Mastermind (MMND) had 35M shares outstanding as of fiscal year 2023.
What is Mastermind's current ratio?
Mastermind (MMND) had a current ratio of 9.16 as of fiscal year 2023, which is generally considered healthy.
What is Mastermind's debt-to-equity ratio?
Mastermind (MMND) had a debt-to-equity ratio of 0.25 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mastermind's return on assets (ROA)?
Mastermind (MMND) had a return on assets of 10.1% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Mastermind's cash runway?
Based on fiscal year 2023 data, Mastermind (MMND) had $1.4M in cash against an annual operating cash burn of $329K. This gives an estimated cash runway of approximately 51 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 Mastermind's Altman Z-Score?
Mastermind (MMND) has an Altman Z-Score of 3.86, placing it in the Safe Zone (low 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 Mastermind's Piotroski F-Score?
Mastermind (MMND) 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 Mastermind's earnings high quality?
Mastermind (MMND) has an earnings quality ratio of -0.85x, 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.
How financially healthy is Mastermind?
Mastermind (MMND) scores 58 out of 100 on our Financial Profile, indicating moderate 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.