Nextsource Financials

NSRCF

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2017 Currency USD FYE June

This page shows Nextsource (NSRCF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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

Nextsource passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality

0.84x

For every $1 of reported earnings, Nextsource generates $0.84 in operating cash flow (-$3.4M OCF vs -$4.0M 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

Export CSV

Earnings & Revenue

Revenue

Nextsource generated $0 in revenue in fiscal year 2017.

EBITDA

-$4.0M

YoY-68.2%

Nextsource's EBITDA was -$4.0M in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 68.2% from the prior year.

Net Income

-$4.0M

YoY-144.8%

Nextsource reported -$4.0M in net income in fiscal year 2017. This represents a decrease of 144.8% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

-$3.4M

YoY-63.0%

Nextsource generated -$3.4M in free cash flow in fiscal year 2017, representing cash available after capex. This represents a decrease of 63.0% from the prior year.

Cash & Debt

$2.0M

YoY+260.7%

5Y CAGR-10.8%

Nextsource held $2.0M in cash against $0 in long-term debt as of fiscal year 2017.

Dividends Per Share

N/A

Shares Outstanding

461M

YoY+26.3%

5Y CAGR+24.1%

Nextsource had 461M shares outstanding in fiscal year 2017. This represents an increase of 26.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-240.8%

YoY+2561.5pp

5Y CAGR+342.8pp

10Y CAGR-113.4pp

Nextsource's ROE was -240.8% in fiscal year 2017, measuring profit generated per dollar of shareholder equity. This is up 2561.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$28K

5Y CAGR-12.3%

Nextsource invested $28K in capex in fiscal year 2017, funding long-term assets and infrastructure.

NSRCF Income Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Revenue	$0	$0	$0	N/A	N/A	$0
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$459K+64.4%	$279K-67.7%	$863K-36.4%	$1.4M+0.7%	$1.3M-9.3%	$1.5M
Operating Income	-$4.0M-65.2%	-$2.4M+65.2%	-$6.9M	N/A	N/A	N/A
Interest Expense	N/A	$11K	$0	N/A	N/A	N/A
Income Tax	$0	$0	$0	N/A	N/A	N/A
Net Income	-$4.0M-144.8%	-$1.6M+73.1%	-$6.1M+45.7%	-$11.2M-42.9%	-$7.8M+48.4%	-$15.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16	Q3'16	Q2'16
Revenue	$0	N/A	N/A	$0	N/A	N/A	N/A	$0
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	$154K	N/A	$139K-12.4%	$158K+154.7%	$62K	N/A	$12K-90.6%	$129K
Operating Income	-$781K	N/A	-$1.0M-3.7%	-$970K-66.3%	-$583K	N/A	-$404K+52.6%	-$852K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$781K	N/A	-$1.0M-9.8%	-$916K-63.7%	-$560K-86.0%	-$301K+26.8%	-$411K+57.7%	-$972K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NSRCF Balance Sheet

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Total Assets	$2.1M+249.7%	$592K-41.2%	$1.0M-48.9%	$2.0M+61.6%	$1.2M-71.3%	$4.2M
Current Assets	$2.0M+258.3%	$570K-38.6%	$929K-49.7%	$1.8M+56.2%	$1.2M-71.8%	$4.2M
Cash & Equivalents	$2.0M+260.7%	$545K-30.1%	$779K-37.7%	$1.3M+51.5%	$825K-76.3%	$3.5M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$39K+182.6%	$14K-71.8%	$49K	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$410K-23.2%	$534K-62.3%	$1.4M-61.6%	$3.7M+358.7%	$803K-51.2%	$1.6M
Current Liabilities	N/A	N/A	N/A	$1.9M	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.7M+2749.1%	$58K+114.3%	-$407K+76.2%	-$1.7M-510.2%	$417K-84.0%	$2.6M
Retained Earnings	-$98.0M-4.3%	-$94.0M-1.8%	-$92.3M	N/A	N/A	N/A

Metric	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16	Q3'16	Q2'16
Total Assets	$1.6M-24.1%	$2.1M-25.4%	$2.8M-25.7%	$3.7M-20.7%	$4.7M+695.8%	$592K+90.3%	$311K+4.1%	$299K
Current Assets	$1.5M-24.4%	$2.0M-25.7%	$2.8M-26.0%	$3.7M-21.0%	$4.7M+724.5%	$570K+105.0%	$278K+9.1%	$255K
Cash & Equivalents	$1.4M-29.9%	$2.0M-26.6%	$2.7M-25.8%	$3.6M-22.3%	$4.6M+752.0%	$545K+121.9%	$246K+33.0%	$185K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$131K+231.6%	$39K+53.3%	$26K-69.1%	$83K+252.4%	$24K+69.3%	$14K-57.3%	$33K-47.5%	$62K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$586K+42.8%	$410K+4.2%	$394K+12.7%	$349K-14.3%	$407K-23.7%	$534K-39.9%	$888K+10.8%	$801K
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$985K-40.7%	$1.7M-30.3%	$2.4M-29.7%	$3.4M-21.3%	$4.3M+7285.7%	$58K+110.1%	-$576K-14.9%	-$502K
Retained Earnings	-$98.7M-0.8%	-$98.0M-1.6%	-$96.4M-1.1%	-$95.4M-1.0%	-$94.5M-0.6%	-$94.0M-0.3%	-$93.7M-0.4%	-$93.2M

NSRCF Cash Flow Statement

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Operating Cash Flow	-$3.4M-61.7%	-$2.1M+71.0%	-$7.2M+16.1%	-$8.5M-22.8%	-$6.9M+0.4%	-$7.0M
Capital Expenditures	$28K	$0	N/A	$132K+1245.8%	$10K-81.7%	$54K
Free Cash Flow	-$3.4M-63.0%	-$2.1M	N/A	-$8.7M-24.6%	-$7.0M+1.0%	-$7.0M
Investing Cash Flow	N/A	$80K+205.3%	$26K+104.4%	-$602K-639.1%	$112K-97.9%	$5.2M
Financing Cash Flow	N/A	$1.8M-73.5%	$6.7M-30.3%	$9.6M+128.6%	$4.2M+481.5%	$719K
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	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16	Q3'16	Q2'16
Operating Cash Flow	-$588K+17.1%	-$709K+23.6%	-$928K+8.4%	-$1.0M-42.6%	-$710K-36.3%	-$521K-34.5%	-$387K+39.2%	-$637K
Capital Expenditures	N/A	$2K-94.2%	$26K	N/A	N/A	N/A	$0	N/A
Free Cash Flow	N/A	-$710K+25.5%	-$954K	N/A	N/A	N/A	-$387K	N/A
Investing Cash Flow	N/A	N/A	N/A	-$22K	$0-100.0%	$1-100.0%	$4K	$0
Financing Cash Flow	N/A	N/A	N/A	$0-100.0%	$4.8M+486.1%	$820K+84.5%	$444K+422.7%	$85K
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

NSRCF Financial Ratios

Metric	FY17	FY16	FY15	FY14	FY13	FY12
Gross Margin	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
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-240.8%+2561.5pp	-2802.3%	N/A	N/A	-1874.9%-1291.3pp	-583.6%
Return on Assets	-193.1%+82.8pp	-275.9%+327.1pp	-602.9%-36.0pp	-566.9%+74.2pp	-641.1%-283.8pp	-357.3%
Current Ratio	N/A	N/A	N/A	1.00	N/A	N/A
Debt-to-Equity	0.25-8.9	9.16+12.6	-3.47-1.3	-2.15-4.1	1.92+1.3	0.63
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'18	Q4'17	Q3'17	Q2'17	Q1'17	Q4'16	Q3'16	Q2'16
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	-79.2%	N/A	-42.2%-15.2pp	-27.0%-14.0pp	-13.0%+503.2pp	-516.2%	N/A	N/A
Return on Assets	-49.7%	N/A	-36.2%-11.7pp	-24.5%-12.6pp	-11.9%+38.9pp	-50.8%+81.2pp	-132.1%+193.0pp	-325.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.59+0.3	0.25+0.1	0.17+0.1	0.100.0	0.09-9.1	9.16+10.7	-1.54+0.1	-1.60
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Similar Companies

Globex Mining GLBXF

$57.8M

Neo Battery Materials Ltd NBMFF

$64.1M

American Lithium Corp AMLI

$81.7M

Lion Copper & Gold Corp LCGMF

$125.5M

Stillwater PGEZF

$74.6M

Frequently Asked Questions

What is Nextsource's annual revenue?

Nextsource (NSRCF) reported $0 in total revenue for fiscal year 2017. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Is Nextsource profitable?

No, Nextsource (NSRCF) reported a net income of -$4.0M in fiscal year 2017.

What is Nextsource's EBITDA?

Nextsource (NSRCF) had EBITDA of -$4.0M in fiscal year 2017, measuring earnings before interest, taxes, depreciation, and amortization.

What is Nextsource's return on equity (ROE)?

Nextsource (NSRCF) has a return on equity of -240.8% for fiscal year 2017, measuring how efficiently the company generates profit from shareholder equity.

What is Nextsource's free cash flow?

Nextsource (NSRCF) generated -$3.4M in free cash flow during fiscal year 2017. This represents a -63.0% 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 Nextsource's operating cash flow?

Nextsource (NSRCF) generated -$3.4M in operating cash flow during fiscal year 2017, representing cash generated from core business activities.

What are Nextsource's total assets?

Nextsource (NSRCF) had $2.1M in total assets as of fiscal year 2017, including both current and long-term assets.

What are Nextsource's capital expenditures?

Nextsource (NSRCF) invested $28K in capital expenditures during fiscal year 2017, funding long-term assets and infrastructure.

How many shares does Nextsource have outstanding?

Nextsource (NSRCF) had 461M shares outstanding as of fiscal year 2017.

What is Nextsource's debt-to-equity ratio?

Nextsource (NSRCF) had a debt-to-equity ratio of 0.25 as of fiscal year 2017, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Nextsource's return on assets (ROA)?

Nextsource (NSRCF) had a return on assets of -193.1% for fiscal year 2017, measuring how efficiently the company uses its assets to generate profit.

What is Nextsource's cash runway?

Based on fiscal year 2017 data, Nextsource (NSRCF) had $2.0M in cash against an annual operating cash burn of $3.4M. This gives an estimated cash runway of approximately 7 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 Nextsource's Piotroski F-Score?

Nextsource (NSRCF) 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 Nextsource's earnings high quality?

Nextsource (NSRCF) has an earnings quality ratio of 0.84x, 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.