Newport Gold Inc Financials

NWPG

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2013 Currency USD FYE December

This page shows Newport Gold Inc (NWPG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 health score pending refresh

We are recalculating Newport Gold Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial

2/6

Newport Gold Inc passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.51x

For every $1 of reported earnings, Newport Gold Inc generates $0.51 in operating cash flow (-$113K OCF vs -$223K 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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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$223K

YoY+7.3%

Newport Gold Inc reported -$223K in net income in fiscal year 2012. This represents an increase of 7.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$27K

YoY-36.5%

Newport Gold Inc held $27K in cash against $0 in long-term debt as of fiscal year 2012.

Dividends Per Share

N/A

Shares Outstanding

57M

YoY+55.6%

Newport Gold Inc had 57M shares outstanding in fiscal year 2012. This represents an increase of 55.6% from the prior year.

Margins & Returns

Gross Margin

N/A

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

NWPG Income Statement

Metric	FY12	FY11	FY10	FY09	FY08	FY07
Revenue	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
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	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$2K+23.9%	$1K+536.9%	$217	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$223K+7.3%	-$241K-32.2%	-$182K-3239.9%	$6K+100.2%	-$2.6M-419.8%	-$508K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'13	Q1'13	Q4'12	Q3'12	Q2'12	Q1'12	Q4'11	Q3'11
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$367+543.9%	$57	N/A	$306+30.2%	$235+1466.7%	$15	N/A	$789
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$34K+28.8%	-$48K	N/A	-$56K+18.0%	-$68K-58.3%	-$43K	N/A	-$57K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

NWPG Balance Sheet

Metric	FY12	FY11	FY10	FY09	FY08	FY07
Total Assets	$62K-19.7%	$77K+91.7%	$40K	N/A	N/A	N/A
Current Assets	$27K-36.3%	$42K+900.5%	$4K	N/A	N/A	N/A
Cash & Equivalents	$27K-36.5%	$42K+953.3%	$4K	N/A	N/A	N/A
Inventory	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
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$190K-58.0%	$453K+21.9%	$372K	N/A	N/A	N/A
Current Liabilities	$190K-58.0%	$453K+21.9%	$372K	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$128K+65.9%	-$376K-13.3%	-$331K-133.5%	-$142K+5.5%	-$150K-109.4%	$1.6M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'13	Q1'13	Q4'12	Q3'12	Q2'12	Q1'12	Q4'11	Q3'11
Total Assets	$42K+3.8%	$40K-35.1%	$62K-40.6%	$105K+96.5%	$53K-23.3%	$70K-10.3%	$77K-36.8%	$123K
Current Assets	$7K+31.0%	$5K-81.4%	$27K-61.3%	$69K+287.1%	$18K-47.5%	$34K-18.9%	$42K-51.3%	$86K
Cash & Equivalents	$6K+32.5%	$5K-82.1%	$27K-61.5%	$69K+290.9%	$18K-47.8%	$34K-19.0%	$42K-51.5%	$86K
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	$252K+16.4%	$216K+13.5%	$190K-65.4%	$550K+1.8%	$540K+10.7%	$488K+7.8%	$453K+1.1%	$448K
Current Liabilities	$252K+16.4%	$216K+13.5%	$190K-65.4%	$550K+1.8%	$540K+10.7%	$488K+7.8%	$453K+1.1%	$448K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$210K-19.3%	-$176K-37.1%	-$128K+71.2%	-$445K+8.6%	-$487K-16.3%	-$419K-11.5%	-$376K-15.3%	-$326K
Retained Earnings	$4.6M+0.7%	$4.5M	N/A	N/A	N/A	N/A	N/A	N/A

NWPG Cash Flow Statement

Metric	FY12	FY11	FY10	FY09	FY08	FY07
Operating Cash Flow	-$113K+12.0%	-$129K-1232.0%	$11K	N/A	N/A	N/A
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	$98K-40.3%	$164K	N/A	N/A	N/A	N/A
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	Q2'13	Q1'13	Q4'12	Q3'12	Q2'12	Q1'12	Q4'11	Q3'11
Operating Cash Flow	$2K+107.1%	-$22K+48.7%	-$43K+8.6%	-$47K-187.1%	-$16K-103.7%	-$8K+89.6%	-$76K-97.1%	-$39K
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	N/A	N/A	$0	N/A	N/A	N/A	$31K-75.3%	$126K
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

NWPG Financial Ratios

Metric	FY12	FY11	FY10	FY09	FY08	FY07
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	N/A	N/A	N/A	N/A	N/A	-31.9%
Return on Assets	-358.9%-47.9pp	-311.0%+139.9pp	-450.8%	N/A	N/A	N/A
Current Ratio	0.14+0.0	0.09+0.1	0.01	N/A	N/A	N/A
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'13	Q1'13	Q4'12	Q3'12	Q2'12	Q1'12	Q4'11	Q3'11
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	-80.8%+36.9pp	-117.8%	N/A	-53.5%+74.7pp	-128.2%-66.1pp	-62.1%	N/A	-46.8%
Current Ratio	0.030.0	0.02-0.1	0.14+0.0	0.13+0.1	0.03-0.0	0.07-0.0	0.09-0.1	0.19
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$128K), 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 (0.14), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Newport Gold Inc profitable?

No, Newport Gold Inc (NWPG) reported a net income of -$223K in fiscal year 2012.

What is Newport Gold Inc's operating cash flow?

Newport Gold Inc (NWPG) generated -$113K in operating cash flow during fiscal year 2012, representing cash generated from core business activities.

What are Newport Gold Inc's total assets?

Newport Gold Inc (NWPG) had $62K in total assets as of fiscal year 2012, including both current and long-term assets.

How many shares does Newport Gold Inc have outstanding?

Newport Gold Inc (NWPG) had 57M shares outstanding as of fiscal year 2012.

What is Newport Gold Inc's current ratio?

Newport Gold Inc (NWPG) had a current ratio of 0.14 as of fiscal year 2012, which is below 1.0, which may suggest potential liquidity concerns.

What is Newport Gold Inc's return on assets (ROA)?

Newport Gold Inc (NWPG) had a return on assets of -358.9% for fiscal year 2012, measuring how efficiently the company uses its assets to generate profit.

What is Newport Gold Inc's cash runway?

Based on fiscal year 2012 data, Newport Gold Inc (NWPG) had $27K in cash against an annual operating cash burn of $113K. This gives an estimated cash runway of approximately 3 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 Newport Gold Inc's debt-to-equity ratio negative or not reported?

Newport Gold Inc (NWPG) has negative shareholder equity of -$128K as of fiscal year 2012, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Newport Gold Inc's Piotroski F-Score?

Newport Gold Inc (NWPG) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

Are Newport Gold Inc's earnings high quality?

Newport Gold Inc (NWPG) has an earnings quality ratio of 0.51x, 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.