What is New Momentum Corporation's earnings per share (EPS)?

New Momentum Corporation (NNAX) reported diluted earnings per share of $0.00 for fiscal year 2024. 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.

New Momentum Corporation Financials

NNAX

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows New Momentum Corporation (NNAX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 22 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 NNAX FY2024 2026-04-22

External financing, not operations, appears to have kept New Momentum alive as revenue collapsed and liabilities kept overtaking assets.

From FY2022 to FY2023, operating cash burn worsened from -$144K to -$176K even as SG&A fell from $165K to $142K, which suggests shrinking scale overwhelmed cost cuts rather than overhead alone causing the problem. That strain also reached the balance sheet: the current ratio slid from 0.19x to 0.05x and then 0.02x in FY2024 while liabilities kept rising.

Across the last three valid revenue years, gross profit stayed tiny—just $6.4K in FY2022 and $2.7K in FY2023—so the business did not generate enough contribution margin to absorb the fixed cost of staying public. In FY2023, interest expense of $104K was far larger than gross profit, so financing burden materially shaped the loss profile.

The capital structure became increasingly equity-negative: assets fell from $115K in FY2022 to $11.7K in FY2024. Over the same span, shares outstanding rose from 177.7M to 825.9M, a sign the company has relied on issuing claims on a shrinking asset base rather than on internally generated cash.

Financial Health Signals

Financial Profile 0/100

Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of New Momentum Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

New Momentum Corporation's revenue declined 100% year-over-year, from $182K to $6. This contraction results in a growth score of 0/100.

Liquidity

New Momentum Corporation's current ratio of 0.02 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

1/9

New Momentum Corporation passes 1 of 9 financial strength tests. no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Key Financial Metrics

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Earnings & Revenue

Revenue

YoY-100.0%

5Y CAGR-49.5%

New Momentum Corporation generated $6 in revenue in fiscal year 2024. This represents a decrease of 100.0% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

$0.00

New Momentum Corporation earned $0.00 per diluted share (EPS) in fiscal year 2024.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$8K

YoY-53.4%

5Y CAGR-3.5%

10Y CAGR+39.4%

New Momentum Corporation held $8K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

826M

YoY+58.7%

5Y CAGR+141.8%

10Y CAGR+54.9%

New Momentum Corporation had 826M shares outstanding in fiscal year 2024. This represents an increase of 58.7% from the prior year.

Margins & Returns

Gross Margin

100.0%

YoY+98.5pp

5Y CAGR+0.0pp

New Momentum Corporation's gross margin was 100.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 98.5 percentage points from the prior year.

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

NNAX Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$6-100.0%	$182K-80.2%	$920K	N/A	$238K+129943.7%	$183
Cost of Revenue	$0-100.0%	$180K-80.3%	$914K	N/A	$234K	$0
Gross Profit	$6-99.8%	$3K-57.4%	$6K+18.8%	$5K+27.8%	$4K+2207.7%	$183
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$142K-13.9%	$165K-34.1%	$251K+312.4%	$61K+163.5%	$23K
Operating Income	N/A	-$302K-58.1%	-$191K+34.2%	-$290K-377.1%	-$61K-165.6%	-$23K
Interest Expense	$1K-99.0%	$104K+647.2%	$14K+234.9%	$4K+305.6%	$1K	$0
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	N/A	-$404K-113.9%	-$189K+34.4%	-$288K-373.4%	-$61K-211.5%	-$20K
EPS (Diluted)	$0.00	$0.00	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$0	$0	$0	N/A	$0	$0-100.0%	$6	N/A
Cost of Revenue	$0	$0	$0	N/A	$0	$0	$0	N/A
Gross Profit	$0	$0	$0	N/A	$0	$0-100.0%	$6	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	$14K-1.3%	$14K	N/A	$23K-10.0%	$26K-5.7%	$27K	N/A
Operating Income	N/A	N/A	-$16K	N/A	N/A	N/A	-$29K	N/A
Interest Expense	$0	$0	$0	N/A	$0	$0-100.0%	$1K	N/A
Income Tax	$0	$0	$0	N/A	$0	$0	$0	N/A
Net Income	$29K+263.0%	-$18K-12.7%	-$16K	N/A	-$30K-52.7%	-$20K-13.2%	-$18K	N/A
EPS (Diluted)	$0.00	$0.00	$0.00	N/A	$0.00	$0.00	$0.00	N/A

NNAX Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$12K-81.8%	$64K-44.1%	$115K+51.2%	$76K-10.2%	$85K+297.9%	$21K
Current Assets	$12K-68.9%	$38K-67.3%	$115K+125.3%	$51K-39.8%	$85K+297.9%	$21K
Cash & Equivalents	$8K-53.4%	$17K-71.7%	$59K+279.6%	$16K-75.8%	$64K+590.3%	$9K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$0-100.0%	$906-96.3%	$24K+53.5%	$16K+4117.4%	$374-25.6%	$503
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$734K+1.6%	$722K+20.4%	$600K+56.0%	$384K+56.4%	$246K+129.8%	$107K
Current Liabilities	$734K+1.6%	$722K+20.4%	$600K+56.0%	$384K+56.4%	$246K+129.8%	$107K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$722K-9.8%	-$658K-35.7%	-$484K-57.2%	-$308K-91.5%	-$161K-88.0%	-$86K
Retained Earnings	-$5.6M-2.6%	-$5.4M-8.0%	-$5.0M-3.9%	-$4.8M-6.3%	-$4.6M-4693.1%	-$95K

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$11K-62.7%	$29K+186.5%	$10K-13.6%	$12K-71.9%	$42K-26.5%	$57K-2.2%	$58K-10.0%	$64K
Current Assets	$11K-62.7%	$29K+186.5%	$10K-13.6%	$12K-66.5%	$35K-19.3%	$43K+14.2%	$38K+0.9%	$38K
Cash & Equivalents	$4K-45.4%	$8K+25.8%	$6K-20.3%	$8K-20.7%	$10K-41.5%	$17K-3.5%	$17K+4.0%	$17K
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	$0-100.0%	$918+0.4%	$914+0.2%	$912+0.7%	$906
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$738K-5.3%	$779K+4.3%	$747K+1.8%	$734K+6.6%	$688K+2.7%	$670K+3.1%	$650K-10.0%	$722K
Current Liabilities	$738K-5.3%	$779K+4.3%	$747K+1.8%	$734K+6.6%	$688K+2.7%	$670K+3.1%	$650K-10.0%	$722K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$727K+3.1%	-$750K-1.8%	-$737K-2.1%	-$722K-11.7%	-$646K-5.4%	-$613K-3.6%	-$592K+10.0%	-$658K
Retained Earnings	-$5.6M+0.5%	-$5.6M-0.3%	-$5.6M-0.3%	-$5.6M-1.4%	-$5.5M-0.6%	-$5.5M-0.4%	-$5.5M-0.3%	-$5.4M

NNAX Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	N/A	-$176K-21.8%	-$144K-32.4%	-$109K-52.8%	-$71K-472.0%	-$12K
Capital Expenditures	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
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	$134K-28.6%	$187K+215.4%	$59K-53.1%	$127K+651.2%	$17K
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	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$13K+39.4%	-$22K-73.3%	-$12K+60.7%	-$32K+8.3%	-$35K-298.0%	-$9K+59.4%	-$21K	N/A
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$19K+3.5%	$19K+87.1%	$10K-67.0%	$30K-0.3%	$30K+226.4%	$9K-56.2%	$21K	N/A
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

NNAX Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	100.0%+98.5pp	1.5%+0.8pp	0.7%	N/A	1.8%-98.2pp	100.0%
Operating Margin	N/A	-165.3%-144.6pp	-20.7%	N/A	-25.5%+12478.8pp	-12504.4%
Net Margin	N/A	-221.4%-200.9pp	-20.5%	N/A	-25.5%+10636.2pp	-10661.8%
Return on Equity	N/A	N/A	N/A	N/A	-50.8%	N/A
Return on Assets	N/A	-627.6%-463.5pp	-164.1%+213.8pp	-377.9%-307.6pp	-70.3%+21.3pp	-91.5%
Current Ratio	0.02-0.0	0.05-0.1	0.19+0.1	0.13-0.2	0.35+0.1	0.20
Debt-to-Equity	-1.02+0.1	-1.10+0.1	-1.240.0	-1.25+0.3	-1.53-0.3	-1.25
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	100.0%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	-478966.7%	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	-293716.7%	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	268.9%+330.4pp	-61.5%+94.9pp	-156.4%	N/A	-73.1%-37.9pp	-35.2%-4.8pp	-30.4%	N/A
Current Ratio	0.01-0.0	0.04+0.0	0.010.0	0.02-0.0	0.05-0.0	0.060.0	0.060.0	0.05
Debt-to-Equity	-1.01+0.0	-1.04-0.0	-1.010.0	-1.02+0.0	-1.06+0.0	-1.090.0	-1.100.0	-1.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$722K), 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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is New Momentum Corporation's annual revenue?

New Momentum Corporation (NNAX) reported $6 in total revenue for fiscal year 2024. This represents a -100.0% 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 New Momentum Corporation's revenue growing?

New Momentum Corporation (NNAX) revenue declined by 100% year-over-year, from $182K to $6 in fiscal year 2024.

What is New Momentum Corporation's gross margin?

New Momentum Corporation (NNAX) had a gross margin of 100.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What are New Momentum Corporation's total assets?

New Momentum Corporation (NNAX) had $12K in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does New Momentum Corporation have outstanding?

New Momentum Corporation (NNAX) had 826M shares outstanding as of fiscal year 2024.

What is New Momentum Corporation's current ratio?

New Momentum Corporation (NNAX) had a current ratio of 0.02 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is New Momentum Corporation's debt-to-equity ratio?

New Momentum Corporation (NNAX) had a debt-to-equity ratio of -1.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is New Momentum Corporation's debt-to-equity ratio negative or unusual?

New Momentum Corporation (NNAX) has negative shareholder equity of -$722K as of fiscal year 2024, 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 New Momentum Corporation's Piotroski F-Score?

New Momentum Corporation (NNAX) has a Piotroski F-Score of 1 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

How financially healthy is New Momentum Corporation?

New Momentum Corporation (NNAX) scores 0 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.