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MOMENTOUS HLDGS CORP (MMNT) Financials

MMNT
FY2023 annual
Revenue Not reported for FY2023
Net Income -$54K +70.8% YoY
EPS (Diluted) $0.00 +100.0% YoY
Operating Cash Flow -$6K YoY not available
Source SEC Filings (10-K/10-Q) Latest period FY2023, ended May 31, 2023 Reported Currency USD FYE May

Newest figures come from the 10-K for FY2023, filed Mar 21, 2024. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MMNT SEC filings page.

This page shows MOMENTOUS HLDGS CORP (MMNT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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).

Rhea AI MMNT FY2023

By FY2020, operating cash flow remained negative while liabilities overwhelmed assets, revealing a financing-dependent business model.

In the latest reliable row, 17.2% gross margin coexisted with a $289K net loss, so gross profit could not absorb operating and interest costs. Operating cash flow was -$238K while financing provided $238K, linking the accounting losses to a business funded by financing rather than internally generated cash.

By FY2020, liabilities of $466K exceeded assets of $92K, leaving negative equity. The 0.1x current ratio indicates current assets covered only a small fraction of near-term obligations. Compared with FY2018, gross margin fell from 27.8% to 17.2%, while liabilities rose from $51K to $466K, showing deterioration in both operating economics and balance-sheet structure.

Some figures from recent filings were inconsistent and were omitted from this summary.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

MOMENTOUS HLDGS CORP 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.

Earnings Quality No Cash Backing
N/A

MOMENTOUS HLDGS CORP reported a net loss of $54K while operations used $6K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

MOMENTOUS HLDGS CORP reported an operating loss of $8K against $46K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

None of these metrics is reported for Q4 2023.

Cash & Balance Sheet

Cash & Debt
$0

MOMENTOUS HLDGS CORP held $0 in cash against $46K in long-term debt as of Q4 2023, with $567K of liabilities due within a year.

Shares Outstanding
33M
YoY0.0%
QoQ0.0%

MOMENTOUS HLDGS CORP had 33M shares outstanding in Q4 2023. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q4 2023.

Dividends Per Share

Not reported for Q4 2023.

Margins & Returns

None of these metrics is reported for Q4 2023.

Capital Allocation

None of these metrics is reported for Q4 2023.

MMNT 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.

MMNT quarterly income statement
MetricQ4'2310-KQ4'2210-KQ4'2010-KQ2'2010-QQ1'2010-QQ4'1910-KQ3'1910-QQ2'1910-Q
RevenueN/AN/AN/A$49K$61K+3034100.0%N/A$37KN/A
Cost of RevenueN/AN/AN/A$46K$32KN/A$24KN/A
Gross ProfitN/AN/AN/A$3K$28KN/A$13KN/A
SG&A ExpensesN/AN/AN/A$62K$56K+887.8%N/A$33KN/A
Operating IncomeN/AN/AN/A-$61K-$29KN/AN/AN/A
EBITDAN/AN/AN/A-$60K-$29KN/AN/AN/A
Interest ExpenseN/AN/AN/A$443+189.5%$1KN/AN/A$153
Income TaxN/AN/AN/A$0$0N/A$0$0
Net IncomeN/AN/AN/A-$56K-$26K-351.0%N/A-$19KN/A

Not reported in any period shown, so not listed: R&D Expenses, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

MMNT 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.

MMNT quarterly balance sheet
MetricQ4'2310-KQ4'2210-KQ4'2010-KQ2'2010-QQ1'2010-QQ4'1910-KQ3'1910-QQ2'1910-Q
Total Assets$0$0$92K+17.8%$128K+62404.4%$82K+1008.3%$78K$105K+7660.0%$204-89.7%
Current AssetsN/AN/A$37K+32.0%$74K+35978.9%$34K+362.7%$28K$35K$204
Cash & Equivalents$0N/A$1K-74.1%$40K+19513.4%$13K+195.1%$5K$5K$202
Short-Term Investments$0N/A$0$0$0$0$0$0
InventoryN/AN/A$10KN/AN/A$0$8KN/A
Accounts ReceivableN/AN/A$14K-20.3%$30K+1490750.0%$20K+681366.7%$17K$21K$2
Long-Term Investments$0N/A$0$0$0$0$0$0
Total Liabilities$613K+9.6%$559K$466K+152.9%$303K+276.5%$199K+171.2%$184K$231K+907.6%$81K+257.0%
Current Liabilities$567K+10.5%$513K$420K+127.8%$303K+1113.1%$199K+894.2%$184K$206K$25K
Non-Current Liabilities$46K0.0%$46K$46K$0-100.0%$0-100.0%$0$25K+986.1%$56K+1424.0%
Long-Term Debt$46K0.0%$46K$46KN/AN/A$0N/AN/A
Total Equity-$613K-9.6%-$559K-$375K-251.7%-$176K-118.9%-$117K-76.8%-$107K-$126K+99.4%-$80K+99.6%
Retained Earnings-$680K-8.6%-$626K-$441K-189.2%-$234K-114.2%-$178K-84.4%-$153K-$93K+99.9%-$109K+99.9%

Not reported in any period shown, so not listed: Goodwill.

MMNT 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.

MMNT quarterly cash flow statement
MetricQ4'2310-KQ4'2210-KQ4'2010-KQ2'2010-QQ1'2010-QQ4'1910-KQ3'1910-QQ2'1910-Q
Operating Cash FlowN/AN/AN/A-$43K$6K+180.3%-$28K-$13KN/A
Depreciation & AmortizationN/AN/AN/A$347$429N/A$3KN/A
Capital ExpendituresN/AN/AN/A$3K$0-$8KN/AN/A
Free Cash FlowN/AN/AN/A-$46K$6K-$36KN/AN/A
Investing Cash FlowN/AN/AN/A-$3K$0$8KN/AN/A
Financing Cash FlowN/AN/AN/A$80K$3K-82.3%$15K$29KN/A

Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.

MMNT 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.

MMNT quarterly financial ratios
MetricQ4'2310-KQ4'2210-KQ4'2010-KQ2'2010-QQ1'2010-QQ4'1910-KQ3'1910-QQ2'1910-Q
Gross MarginN/AN/AN/A5.4%46.8%N/A36.1%N/A
Operating MarginN/AN/AN/A-124.4%-47.8%N/AN/AN/A
Net MarginN/AN/AN/A-114.4%-42.1%N/A-51.6%N/A
Return on AssetsN/AN/AN/A-43.7%-31.0%+45.2ppN/A-18.2%N/A
Current RatioN/AN/A0.09-0.1x0.24+0.2x0.17-0.2x0.150.170.01
Asset TurnoverN/AN/AN/A0.380.74+0.7xN/A0.35+0.4xN/A
FCF MarginN/AN/AN/A-94.7%10.4%N/AN/AN/A

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: Shareholder equity is negative (-$613K), 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.

Frequently Asked Questions

Is MOMENTOUS HLDGS CORP profitable?

No, MOMENTOUS HLDGS CORP (MMNT) reported a net income of -$54K in fiscal year 2023.

What is MOMENTOUS HLDGS CORP's earnings per share (EPS)?

MOMENTOUS HLDGS CORP (MMNT) reported diluted earnings per share of $0.00 for fiscal year 2023. This represents a 100.0% 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.

How much debt does MOMENTOUS HLDGS CORP have?

As of fiscal year 2023, MOMENTOUS HLDGS CORP (MMNT) had $0 in cash and equivalents against $46K in long-term debt.

MOMENTOUS HLDGS CORP (MMNT) recorded an outflow of $6K in operating cash flow during fiscal year 2023, representing cash used by core business activities.

MOMENTOUS HLDGS CORP (MMNT) had $0 in total assets as of fiscal year 2023, including both current and long-term assets.

MOMENTOUS HLDGS CORP (MMNT) had 33M shares outstanding as of fiscal year 2023.

MOMENTOUS HLDGS CORP (MMNT) has negative shareholder equity of -$613K as of fiscal year 2023, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.

MOMENTOUS HLDGS CORP (MMNT) reported a net loss of $54K while operations used $6K 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.

MOMENTOUS HLDGS CORP (MMNT) reported an operating loss of $8K against $46K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.

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