Newbury Street Financials
Financial Health Signals
Newbury Street passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Newbury Street generates $-13.47 in operating cash flow (-$1.3M OCF vs $97K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows Newbury Street (NBST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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).
Key Financial Metrics
Newbury Street reported $97K in net income in fiscal year 2023. This represents an increase of 107.6% from the prior year.
Newbury Street held $956K in cash against $0 in long-term debt as of fiscal year 2023.
Newbury Street had 6M shares outstanding in fiscal year 2023. This represents an increase of 53.4% from the prior year.
Newbury Street spent $110.8M on share buybacks in fiscal year 2023, returning capital to shareholders by reducing shares outstanding.
NBST Income Statement
| Metric | Q1'24 | Q1'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$339K+45.9% | -$626K-26.4% | -$495K | N/A | -$661K | N/A | -$110K+31.5% | -$161K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $58K-84.0% | $363K+188.6% | $126K | N/A | $88K | N/A | N/A | N/A |
| Net Income | -$186K-147.1% | $395K+491.9% | -$101K | N/A | -$157K | N/A | -$56K+69.5% | -$183K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | $-0.01 | N/A | $0.00 | $0.00 |
NBST Balance Sheet
| Metric | Q1'24 | Q1'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $23.0M+1.9% | $22.5M-58.4% | $54.2M-58.3% | $130.1M+0.5% | $129.4M+0.2% | $129.1M-0.1% | $129.2M-0.2% | $129.5M |
| Current Assets | $1.0M+5.7% | $961K+7111.0% | $13K-89.9% | $131K-71.8% | $466K-26.2% | $632K-9.5% | $698K-26.4% | $948K |
| Cash & Equivalents | $956K0.0% | $956K+7077.6% | $13K-84.1% | $84K-77.4% | $370K-15.2% | $436K-11.9% | $495K-32.9% | $738K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $28.9M+2.7% | $28.1M-52.7% | $59.5M-55.1% | $132.6M+2.0% | $130.0M+0.9% | $128.8M+0.2% | $128.5M-0.2% | $128.8M |
| Current Liabilities | $16.5M+163.1% | $6.3M-83.4% | $37.8M+1330.3% | $2.6M+136.7% | $1.1M+301.6% | $278K | N/A | $189K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$5.9M-6.1% | -$5.6M-5.8% | -$5.3M-110.1% | -$2.5M-286.0% | -$650K-325.3% | $289K-58.7% | $700K-7.4% | $755K |
| Retained Earnings | -$5.9M-6.1% | -$5.6M-5.8% | -$5.3M-110.1% | -$2.5M-135.5% | -$1.1M-79.4% | -$594K-131.2% | -$257K-31.7% | -$195K |
NBST Cash Flow Statement
| Metric | Q1'24 | Q1'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$161K-19.1% | -$135K+45.2% | -$246K+24.2% | -$325K-195.5% | -$110K-67.0% | -$66K-39.2% | -$47K+55.1% | -$105K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$164K-100.5% | $32.9M+9233.4% | -$360K-1020.2% | $39K-86.9% | $299K+4331.7% | $7K+200.0% | -$7K | $0 |
| Financing Cash Flow | $324K+101.0% | -$31.8M-5354.2% | $605K | $0-100.0% | $170K | $0+100.0% | -$189K-3146.6% | -$6K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $32.0M | $0 | N/A | N/A | N/A | N/A | N/A |
NBST Financial Ratios
| Metric | Q1'24 | Q1'23 | Q3'23 | Q4'22 | Q3'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -0.8%-1.1pp | 0.3%+0.5pp | -0.2% | N/A | -0.1% | N/A | -0.0%+0.1pp | -0.1% |
| Current Ratio | 0.06-0.1 | 0.15+0.2 | 0.00-0.0 | 0.05-0.4 | 0.42-1.9 | 2.27 | N/A | 5.03 |
| Debt-to-Equity | -4.88+0.2 | -5.04+6.2 | -11.28+41.5 | -52.81+147.1 | -199.89-646.2 | 446.34+262.6 | 183.73+13.2 | 170.49 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$5.6M), 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.
Note: The current ratio is below 1.0 (0.15), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Newbury Street profitable?
Yes, Newbury Street (NBST) reported a net income of $97K in fiscal year 2023.
What is Newbury Street's operating cash flow?
Newbury Street (NBST) generated -$1.3M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Newbury Street's total assets?
Newbury Street (NBST) had $22.5M in total assets as of fiscal year 2023, including both current and long-term assets.
Does Newbury Street buy back shares?
Yes, Newbury Street (NBST) spent $110.8M on share buybacks during fiscal year 2023, returning capital to shareholders by reducing shares outstanding.
How many shares does Newbury Street have outstanding?
Newbury Street (NBST) had 6M shares outstanding as of fiscal year 2023.
What is Newbury Street's current ratio?
Newbury Street (NBST) had a current ratio of 0.15 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Newbury Street's debt-to-equity ratio?
Newbury Street (NBST) had a debt-to-equity ratio of -5.04 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Newbury Street's return on assets (ROA)?
Newbury Street (NBST) had a return on assets of 0.4% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Newbury Street's cash runway?
Based on fiscal year 2023 data, Newbury Street (NBST) had $956K in cash against an annual operating cash burn of $1.3M. This gives an estimated cash runway of approximately 9 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 Newbury Street's debt-to-equity ratio negative or unusual?
Newbury Street (NBST) has negative shareholder equity of -$5.6M as of fiscal year 2023, 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 Newbury Street's Piotroski F-Score?
Newbury Street (NBST) 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 Newbury Street's earnings high quality?
Newbury Street (NBST) has an earnings quality ratio of -13.47x, 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.