NaaS Technology ADR Financials

NAAS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2021 Currency USD FYE December

This page shows NaaS Technology ADR (NAAS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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

Piotroski F-Score Weak

2/9

NaaS Technology ADR passes 2 of 9 financial strength tests. No profitability signals pass, 2 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

2.17x

For every $1 of reported earnings, NaaS Technology ADR generates $2.17 in operating cash flow (-$84.7M OCF vs -$39.0M 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

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Revenue

N/A

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$39.0M

YoY-92.1%

NaaS Technology ADR reported -$39.0M in net income in fiscal year 2021. This represents a decrease of 92.1% from the prior year.

EPS (Diluted)

$-0.34

YoY-88.9%

NaaS Technology ADR earned $-0.34 per diluted share (EPS) in fiscal year 2021. This represents a decrease of 88.9% from the prior year.

Cash & Debt

$2.5M

YoY-97.0%

NaaS Technology ADR held $2.5M in cash against $0 in long-term debt as of fiscal year 2021.

Dividends Per Share

N/A

Shares Outstanding

113M

YoY+0.1%

NaaS Technology ADR had 113M shares outstanding in fiscal year 2021. This represents an increase of 0.1% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

NAAS Income Statement

Metric	FY21	FY20	FY19	FY18	FY17
Revenue	N/A	$146.9M-33.1%	$219.7M+18.8%	$185.0M+24.2%	$149.0M
Cost of Revenue	N/A	$92.4M-7.4%	$99.8M+19.0%	$83.9M+20.6%	$69.5M
Gross Profit	N/A	$54.5M-54.6%	$119.9M+18.6%	$101.1M+27.3%	$79.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.7M-88.2%	$39.9M-8.9%	$43.8M+24.3%	$35.2M-32.6%	$52.2M
Operating Income	-$4.7M+77.8%	-$21.2M-166.3%	$32.0M+6.0%	$30.2M+31554.2%	-$96K
Interest Expense	N/A	$3.6M-26.1%	$4.9M-0.4%	$4.9M+20.3%	$4.1M
Income Tax	N/A	-$2.4M-123.7%	$10.2M-2.7%	$10.4M+28.3%	$8.1M
Net Income	-$39.0M-92.1%	-$20.3M-195.4%	$21.3M+2.3%	$20.8M+382.0%	-$7.4M
EPS (Diluted)	$-0.34-88.9%	$-0.18-200.0%	$0.180.0%	$0.18	N/A

Metric	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

NAAS Balance Sheet

Metric	FY21	FY20	FY19	FY18	FY17
Total Assets	$4.8M-98.7%	$371.9M-7.6%	$402.5M+21.3%	$331.7M+10.3%	$300.7M
Current Assets	$4.8M-95.8%	$114.1M-26.8%	$155.8M-23.6%	$204.0M+16.2%	$175.6M
Cash & Equivalents	$2.5M-97.0%	$85.0M-40.8%	$143.5M-23.4%	$187.3M+15.4%	$162.3M
Inventory	N/A	$1.2M-4.0%	$1.2M-24.2%	$1.6M+35.5%	$1.2M
Accounts Receivable	N/A	$350K+39.4%	$251K-29.3%	$355K-6.6%	$380K
Goodwill	N/A	$101.0M+5.7%	$95.6M+33.6%	$71.6M-2.1%	$73.1M
Total Liabilities	$18.8M-93.6%	$295.0M-5.7%	$312.8M+16.9%	$267.6M+4.8%	$255.2M
Current Liabilities	$1.4M-99.2%	$179.1M+1.1%	$177.2M-4.7%	$186.0M+17.4%	$158.4M
Long-Term Debt	N/A	$29.3M-44.8%	$53.2M-27.2%	$73.1M-23.7%	$95.8M
Total Equity	-$14.0M-118.4%	$75.9M-13.2%	$87.5M+31.9%	$66.3M+39.1%	$47.7M
Retained Earnings	-$63.3M-58.8%	-$39.9M-118.3%	-$18.3M+49.5%	-$36.2M+25.4%	-$48.5M

Metric	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Total Assets	$4.8M-98.7%	$371.9M-7.6%	$402.5M+21.3%	$331.7M+10.3%	$300.7M
Current Assets	$4.8M-95.8%	$114.1M-26.8%	$155.8M-23.6%	$204.0M+16.2%	$175.6M
Cash & Equivalents	$2.5M-97.0%	$85.0M-40.8%	$143.5M-23.4%	$187.3M+15.4%	$162.3M
Inventory	N/A	$1.2M-4.0%	$1.2M-24.2%	$1.6M+35.5%	$1.2M
Accounts Receivable	N/A	$350K+39.4%	$251K-29.3%	$355K-6.6%	$380K
Goodwill	N/A	$101.0M+5.7%	$95.6M+33.6%	$71.6M-2.1%	$73.1M
Total Liabilities	$18.8M-93.6%	$295.0M-5.7%	$312.8M+16.9%	$267.6M+4.8%	$255.2M
Current Liabilities	$1.4M-99.2%	$179.1M+1.1%	$177.2M-4.7%	$186.0M+17.4%	$158.4M
Long-Term Debt	N/A	$29.3M-44.8%	$53.2M-27.2%	$73.1M-23.7%	$95.8M
Total Equity	-$14.0M-118.4%	$75.9M-13.2%	$87.5M+31.9%	$66.3M+39.1%	$47.7M
Retained Earnings	-$63.3M-58.8%	-$39.9M-118.3%	-$18.3M+49.5%	-$36.2M+25.4%	-$48.5M

NAAS Cash Flow Statement

Metric	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$84.7M-168.6%	-$31.5M-450.8%	-$5.7M-110.4%	$55.3M+4.2%	$53.1M
Capital Expenditures	N/A	$3.7M-49.9%	$7.3M-23.0%	$9.5M+22.6%	$7.7M
Free Cash Flow	N/A	-$35.2M-170.1%	-$13.0M-128.5%	$45.8M+1.0%	$45.3M
Investing Cash Flow	-$5.9M+65.6%	-$17.1M-4.0%	-$16.5M-12.3%	-$14.7M-79.9%	-$8.2M
Financing Cash Flow	-$6.1M+33.9%	-$9.3M+54.0%	-$20.2M-142.5%	-$8.3M-142.0%	$19.8M
Dividends Paid	N/A	N/A	N/A	N/A	$87.9M
Share Buybacks	N/A	N/A	$6.9M+122.0%	$3.1M	N/A

Metric	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

NAAS Financial Ratios

Metric	FY21	FY20	FY19	FY18	FY17
Gross Margin	N/A	37.1%-17.5pp	54.6%-0.1pp	54.7%+1.3pp	53.3%
Operating Margin	N/A	-14.4%-29.0pp	14.6%-1.8pp	16.3%+16.4pp	-0.1%
Net Margin	N/A	-13.8%-23.5pp	9.7%-1.6pp	11.2%+16.2pp	-5.0%
Return on Equity	N/A	N/A	24.3%-7.0pp	31.4%	N/A
Return on Assets	-810.5%-805.0pp	-5.5%-10.8pp	5.3%-1.0pp	6.3%+8.7pp	-2.5%
Current Ratio	3.56+2.9	0.64-0.2	0.88-0.2	1.10-0.0	1.11
Debt-to-Equity	-1.34-1.7	0.39-0.2	0.61-0.5	1.10-0.9	2.01
FCF Margin	N/A	-24.0%-18.0pp	-5.9%-30.7pp	24.8%-5.7pp	30.4%

Metric	Q4'21	Q4'20	Q4'19	Q4'18	Q4'17
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A
Current Ratio	3.56+2.9	0.64-0.2	0.88-0.2	1.10-0.0	1.11
Debt-to-Equity	-1.34-1.7	0.39-0.2	0.61-0.5	1.10-0.9	2.01
FCF Margin	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$14.0M), 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.

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Frequently Asked Questions

Is NaaS Technology ADR profitable?

No, NaaS Technology ADR (NAAS) reported a net income of -$39.0M in fiscal year 2021.

What is NaaS Technology ADR's earnings per share (EPS)?

NaaS Technology ADR (NAAS) reported diluted earnings per share of $-0.34 for fiscal year 2021. This represents a -88.9% 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 NaaS Technology ADR's operating cash flow?

NaaS Technology ADR (NAAS) generated -$84.7M in operating cash flow during fiscal year 2021, representing cash generated from core business activities.

What are NaaS Technology ADR's total assets?

NaaS Technology ADR (NAAS) had $4.8M in total assets as of fiscal year 2021, including both current and long-term assets.

How many shares does NaaS Technology ADR have outstanding?

NaaS Technology ADR (NAAS) had 113M shares outstanding as of fiscal year 2021.

What is NaaS Technology ADR's current ratio?

NaaS Technology ADR (NAAS) had a current ratio of 3.56 as of fiscal year 2021, which is generally considered healthy.

What is NaaS Technology ADR's debt-to-equity ratio?

NaaS Technology ADR (NAAS) had a debt-to-equity ratio of -1.34 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is NaaS Technology ADR's return on assets (ROA)?

NaaS Technology ADR (NAAS) had a return on assets of -810.5% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.

What is NaaS Technology ADR's cash runway?

Based on fiscal year 2021 data, NaaS Technology ADR (NAAS) had $2.5M in cash against an annual operating cash burn of $84.7M. This gives an estimated cash runway of approximately 0 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.

Why is NaaS Technology ADR's debt-to-equity ratio negative or unusual?

NaaS Technology ADR (NAAS) has negative shareholder equity of -$14.0M as of fiscal year 2021, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.

What is NaaS Technology ADR's Piotroski F-Score?

NaaS Technology ADR (NAAS) 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 NaaS Technology ADR's earnings high quality?

NaaS Technology ADR (NAAS) has an earnings quality ratio of 2.17x, 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.