Motus Gi Hldgs Inc Financials
Motus Gi Hldgs Inc (MOTS) reported $319K in revenue for fiscal year 2023, down 46.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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).
Development-stage economics show improving gross margins and lower spending, but revenue remains too small to absorb ongoing operating costs.
Gross margin widened from66.6% in FY2022 to74.6% in FY2023 while revenue declined, so the improvement was not volume-driven. Operating loss narrowed to-$11.9M , yet operating cash flow remained-$11.2M , showing that expense reductions have not changed the company’s operating funding model.
R&D intensity remains the central constraint: FY2023 research spending exceeded revenue by more than ten times, making development investment economically dominant even as gross economics improved. Financing cash flow of
Debt-to-equity fell from 1.5x in FY2022 to 0.5x in FY2023 as leverage declined, but current ratio also compressed from 3.2x to 1.8x; the balance sheet became less debt-heavy without preserving the same short-term cushion. Reported liquidity equaled 5.3 months of the latest annual operating outflow, a snapshot consistent with financing remaining part of the operating model.
Financial Health Signals
Motus Gi Hldgs Inc 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.
Motus Gi Hldgs Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Motus Gi Hldgs Inc reported a net loss of $12.9M while operations used $11.2M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Motus Gi Hldgs Inc reported an operating loss of $11.9M against $947K 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
Earnings & Revenue
Motus Gi Hldgs Inc generated $319K in revenue in fiscal year 2023. This represents a decrease of 46.1% from the prior year.
Motus Gi Hldgs Inc's EBITDA was -$11.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.9% from the prior year.
Motus Gi Hldgs Inc reported -$12.9M in net income in fiscal year 2023. This represents an increase of 30.8% from the prior year.
Motus Gi Hldgs Inc earned -$15.89 per diluted share (EPS) in fiscal year 2023.
Cash & Balance Sheet
Motus Gi Hldgs Inc recorded an outflow of $11.3M in free cash flow in fiscal year 2023, representing a cash shortfall after capex. This represents an increase of 36.1% from the prior year.
Motus Gi Hldgs Inc held $5.0M in cash against $1.2M in long-term debt as of fiscal year 2023.
Not reported for fiscal year 2023.
Margins & Returns
Motus Gi Hldgs Inc's gross margin was 74.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 8.1 percentage points from the prior year.
Motus Gi Hldgs Inc's ROE was -478.9% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is up 145.8 percentage points from the prior year.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Motus Gi Hldgs Inc invested $3.5M in research and development in fiscal year 2023. This represents a decrease of 38.2% from the prior year.
Motus Gi Hldgs Inc invested $104K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 53.6% from the prior year.
Not reported for fiscal year 2023.
MOTS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64K0.0% | $64K-25.6% | $86K-23.9% | $113K+101.8% | $56K-48.6% | $109K-60.8% | $278K+50.3% | $185K |
| Cost of Revenue | $12K-36.8% | $19K-13.6% | $22K-29.0% | $31K+244.4% | $9K-71.9% | $32K-61.4% | $83K+22.1% | $68K |
| Gross Profit | $52K+15.6% | $45K-29.7% | $64K-22.0% | $82K+74.5% | $47K-39.0% | $77K-60.5% | $195K+66.7% | $117K |
| R&D Expenses | $455K-18.9% | $561K-19.0% | $693K-8.7% | $759K-47.8% | $1.5M+7.7% | $1.4M-14.2% | $1.6M+11.3% | $1.4M |
| SG&A Expenses | $1.5M+1.9% | $1.4M-6.8% | $1.6M-5.3% | $1.6M-15.8% | $1.9M+34.7% | $1.4M-27.0% | $2.0M-4.7% | $2.1M |
| Operating Income | -$2.0M+18.0% | -$2.5M-3.3% | -$2.4M+10.7% | -$2.7M+38.5% | -$4.4M-8.2% | -$4.0M+14.4% | -$4.7M-2.4% | -$4.6M |
| Interest Expense | $85K+40184.4% | $211-99.9% | $281K-1.4% | $285K-7.5% | $308K+240525.0% | $128-100.0% | $338K-5.1% | $356K |
| Income Tax | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Net Income | -$2.1M+24.7% | -$2.8M-4.7% | -$2.7M+10.6% | -$3.0M+31.7% | -$4.4M-19.1% | -$3.7M+25.8% | -$5.0M+3.4% | -$5.1M |
| EPS (Diluted) | -$0.88-117.9% | $4.91 | -$4.28 | -$0.40 | -$13.81 | -$5.18 | -$26.99 | -$1.86 |
MOTS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.1M-2.2% | $7.2M-14.9% | $8.5M-27.7% | $11.7M-4.0% | $12.2M-30.7% | $17.6M+1.6% | $17.4M-13.5% | $20.1M |
| Current Assets | $5.8M-0.1% | $5.8M-14.6% | $6.7M-31.3% | $9.8M-4.4% | $10.3M-33.3% | $15.4M-0.8% | $15.5M-14.9% | $18.2M |
| Cash & Equivalents | $4.9M-0.3% | $5.0M-13.4% | $5.7M-32.8% | $8.5M-1.5% | $8.6M-38.4% | $14.0M+5.6% | $13.3M-15.6% | $15.8M |
| Inventory | $479K-3.4% | $496K-36.5% | $781K-5.1% | $823K+3.1% | $798K-20.1% | $999K-1.5% | $1.0M-2.3% | $1.0M |
| Accounts Receivable | $81K+6.6% | $76K-25.5% | $102K-3.8% | $106K+103.8% | $52K-11.9% | $59K-63.4% | $161K+98.8% | $81K |
| Total Liabilities | $4.0M-11.8% | $4.5M-58.6% | $11.0M-13.7% | $12.7M-4.6% | $13.3M-9.2% | $14.7M-11.6% | $16.6M+3.1% | $16.1M |
| Current Liabilities | $3.3M+1.2% | $3.3M-27.8% | $4.5M+1.8% | $4.5M+1.7% | $4.4M-8.8% | $4.8M-12.2% | $5.5M+28.5% | $4.3M |
| Long-Term Debt | $669K-46.0% | $1.2M-49.8% | $2.5M-22.8% | $3.2M-18.1% | $3.9M-14.9% | $4.6M-12.6% | $5.3M-10.9% | $5.9M |
| Total Equity | $3.1M+14.1% | $2.7M+208.4% | -$2.5M-157.3% | -$963K+11.2% | -$1.1M-136.4% | $3.0M+290.7% | $762K-80.8% | $4.0M |
| Retained Earnings | -$156.3M-1.4% | -$154.2M-1.9% | -$151.4M-1.8% | -$148.7M-2.1% | -$145.7M-3.1% | -$141.4M-2.7% | -$137.7M-3.7% | -$132.7M |
Not reported in any period shown, so not listed: Goodwill.
MOTS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.0M-9.0% | -$1.9M+5.5% | -$2.0M+23.6% | -$2.6M+46.5% | -$4.8M-18.9% | -$4.0M-11.6% | -$3.6M+20.7% | -$4.6M |
| Capital Expenditures | N/A | $0-100.0% | $16K-67.3% | $49K+25.6% | $39K+333.3% | $9K-94.6% | $166K+245.8% | $48K |
| Free Cash Flow | N/A | -$1.9M+6.3% | -$2.0M+24.4% | -$2.6M+45.9% | -$4.8M-19.6% | -$4.0M-7.0% | -$3.8M+18.0% | -$4.6M |
| Investing Cash Flow | N/A | $0+100.0% | -$16K+67.3% | -$49K-25.6% | -$39K-333.3% | -$9K+94.6% | -$166K-245.8% | -$48K |
| Financing Cash Flow | $2.0M+84.3% | $1.1M+233.6% | -$816K-132.7% | $2.5M+550.8% | -$553K-111.5% | $4.8M+263.0% | $1.3M+4028.1% | $32K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
MOTS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.3%+10.9pp | 70.3%-4.1pp | 74.4%+1.8pp | 72.6%-11.4pp | 83.9%+13.3pp | 70.6%+0.5pp | 70.1%+6.9pp | 63.2% |
| Operating Margin | -3165.6% | -3862.5% | -2783.7% | -2373.5% | -7783.9% | -3694.5% | -1692.4% | -2482.7% |
| Net Margin | -3301.6% | -4382.8% | -3115.1% | -2652.2% | -7832.1% | -3378.0% | -1785.6% | -2778.4% |
| Return on Equity | -68.9%+35.5pp | -104.4% | N/A | N/A | N/A | -123.7%+527.8pp | -651.4%-522.0pp | -129.4% |
| Return on Assets | -29.9%+8.9pp | -38.8%-7.3pp | -31.6%-6.0pp | -25.5%+10.3pp | -35.9%-15.0pp | -20.9%+7.7pp | -28.6%-3.0pp | -25.6% |
| Current Ratio | 1.740.0x | 1.76+0.3x | 1.49-0.7x | 2.20-0.1x | 2.34-0.9x | 3.20+0.4x | 2.83-1.4x | 4.28 |
| Debt-to-Equity | 0.22-0.2x | 0.46 | N/A | N/A | N/A | 1.54-5.3x | 6.89+5.4x | 1.48 |
| FCF Margin | N/A | -2900.0% | -2303.5% | -2318.6% | -8644.6% | -3712.8% | -1361.1% | -2493.5% |
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, FCF Margin.
Similar Companies
Where Motus Gi Hldgs Inc Ranks
Frequently Asked Questions
What is Motus Gi Hldgs Inc's annual revenue?
Motus Gi Hldgs Inc (MOTS) reported $319K in total revenue for fiscal year 2023. This represents a -46.1% 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 Motus Gi Hldgs Inc's revenue growing?
Motus Gi Hldgs Inc (MOTS) revenue declined by 46.1% year-over-year, from $592K to $319K in fiscal year 2023.
Is Motus Gi Hldgs Inc profitable?
No, Motus Gi Hldgs Inc (MOTS) reported a net income of -$12.9M in fiscal year 2023.
What is Motus Gi Hldgs Inc's EBITDA?
Motus Gi Hldgs Inc (MOTS) had EBITDA of -$11.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Motus Gi Hldgs Inc have?
As of fiscal year 2023, Motus Gi Hldgs Inc (MOTS) had $5.0M in cash and equivalents against $1.2M in long-term debt.
What is Motus Gi Hldgs Inc's gross margin?
Motus Gi Hldgs Inc (MOTS) had a gross margin of 74.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Motus Gi Hldgs Inc's return on equity (ROE)?
Motus Gi Hldgs Inc (MOTS) has a return on equity of -478.9% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Motus Gi Hldgs Inc's free cash flow?
Motus Gi Hldgs Inc (MOTS) recorded an outflow of $11.3M in free cash flow during fiscal year 2023. This represents a 36.1% 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 Motus Gi Hldgs Inc's operating cash flow?
Motus Gi Hldgs Inc (MOTS) recorded an outflow of $11.2M in operating cash flow during fiscal year 2023, representing cash used by core business activities.
What are Motus Gi Hldgs Inc's total assets?
Motus Gi Hldgs Inc (MOTS) had $7.2M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Motus Gi Hldgs Inc's capital expenditures?
Motus Gi Hldgs Inc (MOTS) invested $104K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How much does Motus Gi Hldgs Inc spend on research and development?
Motus Gi Hldgs Inc (MOTS) invested $3.5M in research and development during fiscal year 2023.
What is Motus Gi Hldgs Inc's current ratio?
Motus Gi Hldgs Inc (MOTS) had a current ratio of 1.76 as of fiscal year 2023, which is generally considered healthy.
What is Motus Gi Hldgs Inc's debt-to-equity ratio?
Motus Gi Hldgs Inc (MOTS) had a debt-to-equity ratio of 0.46 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Motus Gi Hldgs Inc's return on assets (ROA)?
Motus Gi Hldgs Inc (MOTS) had a return on assets of -178.1% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
How does Motus Gi Hldgs Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, Motus Gi Hldgs Inc (MOTS) held $5.0M in cash, cash equivalents and investments, and reported an operating cash outflow of $11.2M over that year. Dividing the one by the other, the reported balance equals about 5 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Motus Gi Hldgs Inc's Piotroski F-Score?
Motus Gi Hldgs Inc (MOTS) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Motus Gi Hldgs Inc's earnings high quality?
Motus Gi Hldgs Inc (MOTS) reported a net loss of $12.9M while operations used $11.2M 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.
Can Motus Gi Hldgs Inc cover its interest payments?
Motus Gi Hldgs Inc (MOTS) reported an operating loss of $11.9M against $947K 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.