What is Nano Magic Inc's earnings per share (EPS)?

Nano Magic Inc (NMGX) reported diluted earnings per share of $-0.25 for fiscal year 2023. This represents a -19.0% 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.

Nano Magic Inc Financials

NMGX

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2024 Currency USD FYE December

This page shows Nano Magic Inc (NMGX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

Financial Profile 23/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Nano Magic Inc has an operating margin of -102.1%, meaning the company retains $-102 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -130.1% the prior year.

Growth

Nano Magic Inc's revenue grew 8.0% year-over-year to $2.8M, a solid pace of expansion. This earns a growth score of 47/100.

Leverage

Nano Magic Inc carries a low D/E ratio of 1.68, meaning only $1.68 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Nano Magic Inc's current ratio of 1.37 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.

Cash Flow

While Nano Magic Inc generated -$1.5M in operating cash flow, capex of $9K consumed most of it, leaving -$1.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Nano Magic Inc generates a -218.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -129.9% the prior year.

Piotroski F-Score Weak

3/9

Nano Magic Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.54x

For every $1 of reported earnings, Nano Magic Inc generates $0.54 in operating cash flow (-$1.5M OCF vs -$2.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-63.9x

Nano Magic Inc earns $-63.9 in operating income for every $1 of interest expense (-$2.8M vs $44K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$2.8M

YoY+8.0%

5Y CAGR-9.2%

10Y CAGR-11.2%

Nano Magic Inc generated $2.8M in revenue in fiscal year 2023. This represents an increase of 8.0% from the prior year.

EBITDA

-$2.7M

YoY+15.8%

Nano Magic Inc's EBITDA was -$2.7M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 15.8% from the prior year.

Net Income

-$2.9M

YoY-35.9%

Nano Magic Inc reported -$2.9M in net income in fiscal year 2023. This represents a decrease of 35.9% from the prior year.

EPS (Diluted)

$-0.25

YoY-19.0%

Nano Magic Inc earned $-0.25 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 19.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$1.5M

YoY+9.7%

Nano Magic Inc generated -$1.5M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 9.7% from the prior year.

Cash & Debt

$527K

YoY+103.5%

5Y CAGR+20.1%

10Y CAGR+18.0%

Nano Magic Inc held $527K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

13M

YoY+25.2%

10Y CAGR-21.3%

Nano Magic Inc had 13M shares outstanding in fiscal year 2023. This represents an increase of 25.2% from the prior year.

Margins & Returns

Gross Margin

13.1%

YoY+9.3pp

5Y CAGR-10.2pp

10Y CAGR-24.7pp

Nano Magic Inc's gross margin was 13.1% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 9.3 percentage points from the prior year.

Operating Margin

-102.1%

YoY+28.0pp

5Y CAGR-101.2pp

10Y CAGR-100.1pp

Nano Magic Inc's operating margin was -102.1% in fiscal year 2023, reflecting core business profitability. This is up 28.0 percentage points from the prior year.

Net Margin

-102.6%

YoY-21.1pp

5Y CAGR-103.1pp

10Y CAGR-100.6pp

Nano Magic Inc's net profit margin was -102.6% in fiscal year 2023, showing the share of revenue converted to profit. This is down 21.1 percentage points from the prior year.

Return on Equity

-218.0%

YoY-88.1pp

10Y CAGR-208.8pp

Nano Magic Inc's ROE was -218.0% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 88.1 percentage points from the prior year.

Capital Allocation

R&D Spending

$47K

YoY+182.8%

5Y CAGR-4.9%

10Y CAGR-25.3%

Nano Magic Inc invested $47K in research and development in fiscal year 2023. This represents an increase of 182.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$9K

YoY+90.5%

5Y CAGR+19.0%

10Y CAGR-17.8%

Nano Magic Inc invested $9K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 90.5% from the prior year.

NMGX Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$2.8M+8.0%	$2.6M-40.2%	$4.3M-9.4%	$4.8M+95.4%	$2.4M-45.9%	$4.5M
Cost of Revenue	$2.4M-2.5%	$2.5M-6.4%	$2.7M-14.5%	$3.1M+46.8%	$2.1M-38.8%	$3.5M
Gross Profit	$364K+278.2%	$96K-94.2%	$1.7M+0.2%	$1.7M+411.9%	$324K-69.1%	$1.0M
R&D Expenses	$47K+182.8%	$17K-51.9%	$35K-38.6%	$57K-17.1%	$69K+12.6%	$61K
SG&A Expenses	$977K+17.8%	$830K+7.2%	$774K+25.2%	$618K+12.8%	$548K-10.5%	$612K
Operating Income	-$2.8M+15.3%	-$3.4M-105.9%	-$1.6M-105.5%	-$793K+23.1%	-$1.0M-2452.6%	-$40K
Interest Expense	$44K+31.7%	$34K+77.0%	$19K+176.8%	$7K-20.2%	$9K-90.5%	$91K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.9M-35.9%	-$2.1M-33.5%	-$1.6M-101.6%	-$781K+19.1%	-$965K-4472.0%	$22K
EPS (Diluted)	$-0.25-19.0%	$-0.21-23.5%	$-0.17-70.0%	$-0.10+52.4%	$-0.21-2200.0%	$0.01

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$640K+3.8%	$617K+6.3%	$580K-19.2%	$718K+9.1%	$658K-7.2%	$709K+1.8%	$697K-8.0%	$757K
Cost of Revenue	$616K-7.0%	$663K+29.6%	$511K-28.3%	$713K+23.9%	$576K+13.5%	$507K-18.5%	$622K-21.4%	$792K
Gross Profit	$24K+152.5%	-$46K-166.9%	$69K+1426.9%	$5K-94.5%	$82K-59.2%	$202K+170.4%	$75K+317.4%	-$34K
R&D Expenses	$24K+9.4%	$22K+6.5%	$20K+88.1%	$11K-55.7%	$24K+282.6%	$6K+7.9%	$6K+290.7%	$2K
SG&A Expenses	$206K-19.4%	$256K-5.6%	$271K-12.3%	$310K+40.6%	$220K-14.8%	$259K+36.8%	$189K+3.4%	$183K
Operating Income	-$1.5M-84.2%	-$788K-7.2%	-$735K+11.6%	-$832K-25.4%	-$663K+0.8%	-$668K+1.4%	-$678K+24.9%	-$903K
Interest Expense	$12K-6.3%	$13K+4.8%	$12K+19.0%	$10K-13.4%	$12K+59.3%	$8K-47.3%	$14K+150.3%	$6K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.4M-70.9%	-$825K-10.5%	-$746K+12.4%	-$852K-21.8%	-$700K-7.5%	-$651K+0.3%	-$653K+18.6%	-$802K
EPS (Diluted)	$-0.10-66.7%	$-0.060.0%	$-0.06	N/A	$-0.060.0%	$-0.060.0%	$-0.06	N/A

NMGX Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$3.5M-14.1%	$4.1M-0.4%	$4.1M-14.3%	$4.8M+263.0%	$1.3M-17.5%	$1.6M
Current Assets	$1.7M-10.6%	$1.9M-11.9%	$2.2M-18.7%	$2.7M+217.8%	$835K-34.4%	$1.3M
Cash & Equivalents	$527K+103.5%	$259K+31.0%	$198K-31.3%	$288K+32.9%	$217K+2.5%	$211K
Inventory	$850K-24.1%	$1.1M-18.8%	$1.4M+63.8%	$842K+99.2%	$423K-24.5%	$560K
Accounts Receivable	$209K-40.0%	$349K+18.9%	$293K-76.2%	$1.2M+713.1%	$151K-50.8%	$308K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.2M-10.8%	$2.5M+12.9%	$2.2M-35.5%	$3.4M+92.1%	$1.8M-27.5%	$2.4M
Current Liabilities	$1.2M-9.6%	$1.4M+19.3%	$1.2M-42.9%	$2.0M+34.0%	$1.5M-34.6%	$2.3M
Long-Term Debt	N/A	N/A	$97K-65.0%	$276K+57.8%	$175K-14.0%	$203K
Total Equity	$1.3M-19.0%	$1.6M-15.6%	$1.9M+37.1%	$1.4M+412.7%	-$447K+46.6%	-$838K
Retained Earnings	-$15.0M-23.5%	-$12.1M-20.9%	-$10.0M-18.6%	-$8.5M-10.2%	-$7.7M-14.4%	-$6.7M

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$2.3M-1.0%	$2.3M-18.8%	$2.9M-18.7%	$3.5M+0.5%	$3.5M-0.8%	$3.5M-4.7%	$3.7M-9.6%	$4.1M
Current Assets	$1.0M+10.6%	$941K-21.2%	$1.2M-29.7%	$1.7M+8.1%	$1.6M+5.4%	$1.5M-6.1%	$1.6M-16.4%	$1.9M
Cash & Equivalents	$39K-46.2%	$72K-62.0%	$189K-64.1%	$527K+328.2%	$123K+521.7%	$20K-64.5%	$56K-78.5%	$259K
Inventory	$720K-4.2%	$751K-3.7%	$780K-8.2%	$850K-14.4%	$993K-5.4%	$1.0M-0.6%	$1.1M-5.7%	$1.1M
Accounts Receivable	$249K+147.8%	$100K-29.7%	$143K-31.6%	$209K-35.0%	$322K-9.1%	$354K+1.2%	$349K+0.2%	$349K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.4M+3.8%	$2.4M+5.4%	$2.2M+1.1%	$2.2M-13.7%	$2.6M+6.4%	$2.4M-5.4%	$2.5M+2.8%	$2.5M
Current Liabilities	$1.9M+10.6%	$1.7M+11.7%	$1.6M+25.6%	$1.2M-19.2%	$1.5M+12.8%	$1.4M-8.3%	$1.5M+8.2%	$1.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$145K-348.6%	-$32K-105.2%	$627K-52.1%	$1.3M+39.2%	$941K-16.0%	$1.1M-3.1%	$1.2M-28.6%	$1.6M
Retained Earnings	-$18.0M-8.5%	-$16.6M-5.2%	-$15.7M-5.0%	-$15.0M-6.0%	-$14.2M-5.2%	-$13.5M-5.1%	-$12.8M-5.4%	-$12.1M

NMGX Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$1.5M+10.0%	-$1.7M-24.1%	-$1.4M+31.2%	-$2.0M-127.7%	-$879K-663.7%	$156K
Capital Expenditures	$9K+90.5%	$5K-96.1%	$127K-11.5%	$143K+1189.0%	$11K+184.2%	$4K
Free Cash Flow	-$1.5M+9.7%	-$1.7M-13.9%	-$1.5M+29.9%	-$2.1M-141.0%	-$890K-685.5%	$152K
Investing Cash Flow	$36K+77.4%	$20K+115.8%	-$127K+11.4%	-$144K-1164.8%	-$11K-190.1%	-$4K
Financing Cash Flow	$1.8M+3.8%	$1.7M+16.9%	$1.5M-34.2%	$2.2M+173.5%	$810K+1128.8%	-$79K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	-$642K-24.2%	-$516K-8.5%	-$476K+0.8%	-$480K-44.3%	-$332K+21.3%	-$422K-39.4%	-$303K-105.7%	-$147K
Capital Expenditures	$1K-56.3%	$3K-74.0%	$12K	$0-100.0%	$7K	$0-100.0%	$3K	$0
Free Cash Flow	-$643K-23.7%	-$520K-6.4%	-$488K-1.8%	-$480K-41.5%	-$339K+19.8%	-$422K-38.1%	-$306K-107.6%	-$147K
Investing Cash Flow	$99K-49.9%	$197K+124.5%	$88K+250.6%	$25K+483.3%	-$7K	$0-100.0%	$17K	$0
Financing Cash Flow	$510K+151.8%	$202K+304.4%	$50K-94.2%	$859K+94.2%	$442K+14.5%	$386K+368.8%	$82K-58.8%	$200K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NMGX Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	13.1%+9.3pp	3.7%-34.8pp	38.5%+3.7pp	34.8%+21.5pp	13.3%-10.0pp	23.3%
Operating Margin	-102.1%+28.0pp	-130.1%-92.4pp	-37.8%-21.1pp	-16.7%+25.7pp	-42.3%-41.4pp	-0.9%
Net Margin	-102.6%-21.1pp	-81.5%-45.0pp	-36.5%-20.1pp	-16.4%+23.2pp	-39.6%-40.1pp	0.5%
Return on Equity	-218.0%-88.1pp	-129.9%-47.7pp	-82.2%-26.3pp	-55.9%	N/A	N/A
Return on Assets	-81.2%-29.9pp	-51.4%-13.0pp	-38.3%-22.0pp	-16.3%+56.8pp	-73.1%-74.5pp	1.4%
Current Ratio	1.37-0.0	1.38-0.5	1.87+0.6	1.31+0.8	0.550.0	0.55
Debt-to-Equity	1.68+0.2	1.53+1.5	0.05-0.1	0.20+0.6	-0.39-0.1	-0.24
FCF Margin	-55.6%+10.9pp	-66.5%-31.6pp	-34.9%+10.2pp	-45.1%-8.5pp	-36.5%-39.9pp	3.4%

Metric	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	3.8%+11.2pp	-7.4%-19.3pp	11.8%+11.2pp	0.6%-11.9pp	12.5%-16.0pp	28.5%+17.8pp	10.7%+15.3pp	-4.5%
Operating Margin	-226.7%-98.9pp	-127.8%-1.1pp	-126.7%-10.8pp	-115.9%-15.1pp	-100.8%-6.5pp	-94.2%+3.0pp	-97.2%+21.9pp	-119.2%
Net Margin	-220.1%-86.3pp	-133.7%-5.1pp	-128.6%-9.9pp	-118.7%-12.4pp	-106.3%-14.5pp	-91.8%+1.9pp	-93.7%+12.3pp	-106.0%
Return on Equity	N/A	N/A	-119.0%-53.9pp	-65.1%+9.3pp	-74.4%-16.3pp	-58.1%-1.6pp	-56.5%-6.9pp	-49.6%
Return on Assets	-61.4%-25.8pp	-35.6%-9.5pp	-26.1%-1.9pp	-24.2%-4.2pp	-20.0%-1.5pp	-18.5%-0.8pp	-17.7%+2.0pp	-19.6%
Current Ratio	0.540.0	0.54-0.2	0.76-0.6	1.37+0.3	1.02-0.1	1.09+0.0	1.07-0.3	1.38
Debt-to-Equity	-16.84+56.0	-72.80-76.4	3.56+1.9	1.68-1.0	2.72+0.6	2.15-0.1	2.20+0.7	1.53
FCF Margin	-100.4%-16.1pp	-84.3%-0.1pp	-84.2%-17.4pp	-66.8%-15.3pp	-51.5%+8.1pp	-59.6%-15.7pp	-43.9%-24.4pp	-19.4%

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Frequently Asked Questions

What is Nano Magic Inc's annual revenue?

Nano Magic Inc (NMGX) reported $2.8M in total revenue for fiscal year 2023. This represents a 8.0% 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 Nano Magic Inc's revenue growing?

Nano Magic Inc (NMGX) revenue grew by 8% year-over-year, from $2.6M to $2.8M in fiscal year 2023.

Is Nano Magic Inc profitable?

No, Nano Magic Inc (NMGX) reported a net income of -$2.9M in fiscal year 2023, with a net profit margin of -102.6%.

What is Nano Magic Inc's EBITDA?

Nano Magic Inc (NMGX) had EBITDA of -$2.7M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is Nano Magic Inc's gross margin?

Nano Magic Inc (NMGX) had a gross margin of 13.1% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Nano Magic Inc's operating margin?

Nano Magic Inc (NMGX) had an operating margin of -102.1% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Nano Magic Inc's net profit margin?

Nano Magic Inc (NMGX) had a net profit margin of -102.6% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Nano Magic Inc's return on equity (ROE)?

Nano Magic Inc (NMGX) has a return on equity of -218.0% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.

What is Nano Magic Inc's free cash flow?

Nano Magic Inc (NMGX) generated -$1.5M in free cash flow during fiscal year 2023. This represents a 9.7% 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 Nano Magic Inc's operating cash flow?

Nano Magic Inc (NMGX) generated -$1.5M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Nano Magic Inc's total assets?

Nano Magic Inc (NMGX) had $3.5M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Nano Magic Inc's capital expenditures?

Nano Magic Inc (NMGX) invested $9K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How much does Nano Magic Inc spend on research and development?

Nano Magic Inc (NMGX) invested $47K in research and development during fiscal year 2023.

How many shares does Nano Magic Inc have outstanding?

Nano Magic Inc (NMGX) had 13M shares outstanding as of fiscal year 2023.

What is Nano Magic Inc's current ratio?

Nano Magic Inc (NMGX) had a current ratio of 1.37 as of fiscal year 2023, which is considered adequate.

What is Nano Magic Inc's debt-to-equity ratio?

Nano Magic Inc (NMGX) had a debt-to-equity ratio of 1.68 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nano Magic Inc's return on assets (ROA)?

Nano Magic Inc (NMGX) had a return on assets of -81.2% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Nano Magic Inc's cash runway?

Based on fiscal year 2023 data, Nano Magic Inc (NMGX) had $527K in cash against an annual operating cash burn of $1.5M. This gives an estimated cash runway of approximately 4 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 Nano Magic Inc's Piotroski F-Score?

Nano Magic Inc (NMGX) 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 Nano Magic Inc's earnings high quality?

Nano Magic Inc (NMGX) has an earnings quality ratio of 0.54x, 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.

Can Nano Magic Inc cover its interest payments?

Nano Magic Inc (NMGX) has an interest coverage ratio of -63.9x, meaning it can struggle to cover its interest obligations. 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.

How financially healthy is Nano Magic Inc?

Nano Magic Inc (NMGX) scores 23 out of 100 on our Financial Profile, indicating weak 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.