Next Meats Hldgs Inc Financials
This page shows Next Meats Hldgs Inc (NXMH) 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).
Sales no longer cover the cost structure, forcing cash burn and asset shrinkage to support operations.
Cash conversion is weaker than the income statement alone suggests: FY2023 operating cash burn of-$1.66M exceeded revenue of$1.40M . With only$168K in cash and investing cash flow turning positive, liquidity appears to have been preserved by pulling money out of assets rather than by the business funding itself.
Gross margin compression from
The balance sheet moved from a liquidity cushion in FY2022 to short-term tightness in FY2023, as the current ratio dropped from 4.7x to 0.7x. Equity also flipped from
Financial Health Signals
Based on FY2023 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 Next Meats Hldgs Inc'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.
Next Meats Hldgs Inc's revenue declined 79.9% year-over-year, from $7.0M to $1.4M. This contraction results in a growth score of 100/100.
Next Meats Hldgs Inc carries a low D/E ratio of -3.15, meaning only $-3.15 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.
Next Meats Hldgs Inc's current ratio of 0.70 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Next Meats Hldgs Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Next Meats Hldgs Inc generates $0.34 in operating cash flow (-$1.7M OCF vs -$4.8M 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
Earnings & Revenue
Next Meats Hldgs Inc generated $1.4M in revenue in fiscal year 2023. This represents a decrease of 79.9% from the prior year.
Next Meats Hldgs Inc reported -$4.8M in net income in fiscal year 2023. This represents an increase of 16.6% from the prior year.
Cash & Balance Sheet
Next Meats Hldgs Inc held $168K in cash against $0 in long-term debt as of fiscal year 2023.
Next Meats Hldgs Inc had 503M shares outstanding in fiscal year 2023. This represents an increase of 0.1% from the prior year.
Margins & Returns
Next Meats Hldgs Inc's gross margin was 5.1% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 12.8 percentage points from the prior year.
Next Meats Hldgs Inc's net profit margin was -345.6% in fiscal year 2023, showing the share of revenue converted to profit. This is down 262.2 percentage points from the prior year.
Capital Allocation
NXMH Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $204K+3.5% | $197K+0.3% | $197K-35.5% | $305K+37.8% | $222K-52.4% | $466K+14.9% | $405K | N/A |
| Cost of Revenue | $98K+87.5% | $52K+26.9% | $41K-88.2% | $350K+66.6% | $210K-50.3% | $423K+22.5% | $345K | N/A |
| Gross Profit | $52K-8.0% | $56K-28.8% | $79K+277.6% | -$44K-478.5% | $12K-72.9% | $43K-28.6% | $61K | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $228K-20.8% | $288K-33.4% | $433K-42.0% | $746K+136.6% | $315K-59.7% | $781K-17.9% | $951K | N/A |
| Operating Income | $265K+10.9% | $239K | N/A | N/A | $222K-52.4% | $466K | N/A | N/A |
| Interest Expense | -$2K-30.2% | -$2K+11.3% | -$2K+42.9% | -$4K-112.8% | -$2K+32.7% | -$3K-113.3% | -$1K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | -$341-200.0% | $341 | N/A | N/A |
| Net Income | -$166K+48.8% | -$324K+3.9% | -$337K+88.8% | -$3.0M-3269.3% | -$89K+88.6% | -$787K+16.5% | -$942K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
NXMH Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $615K+2.3% | $601K-28.5% | $840K-31.4% | $1.2M-69.9% | $4.1M+23.4% | $3.3M-29.1% | $4.7M-18.7% | $5.7M |
| Current Assets | $397K+4.7% | $379K-36.6% | $598K-37.9% | $962K-61.7% | $2.5M+29.2% | $1.9M-35.7% | $3.0M-21.2% | $3.8M |
| Cash & Equivalents | $40K+49.0% | $27K-84.0% | $168K-42.5% | $292K+403.0% | $58K0.0% | $58K-30.7% | $84K-86.5% | $620K |
| Inventory | $82K-41.9% | $141K-2.1% | $144K+7.1% | $135K-70.0% | $449K-10.6% | $502K+9.5% | $459K-23.3% | $598K |
| Accounts Receivable | $214K+41.0% | $152K+21.1% | $125K-63.1% | $339K-36.4% | $534K-51.6% | $1.1M-10.5% | $1.2M-4.3% | $1.3M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.5M+13.6% | $1.3M+7.6% | $1.2M+4.6% | $1.2M+43.0% | $824K+32.9% | $620K-31.3% | $903K+5.7% | $854K |
| Current Liabilities | $1.0M-8.9% | $1.1M+33.1% | $855K+4.7% | $817K+16.7% | $700K+77.9% | $394K-39.0% | $645K+10.8% | $582K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$891K-23.0% | -$724K-84.9% | -$392K-943.0% | $46K-98.5% | $3.2M+19.2% | $2.7M-28.6% | $3.8M-23.0% | $4.9M |
| Retained Earnings | -$12.5M-1.3% | -$12.4M-2.7% | -$12.0M-2.9% | -$11.7M+99.8% | -$5.9B0.0% | -$5.9B0.0% | -$5.9B-85482.5% | -$6.9M |
NXMH Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$3K+98.2% | -$189K-328.9% | -$44K+94.8% | -$840K-135.1% | -$357K-490.9% | $91K+116.5% | -$554K+58.9% | -$1.3M |
| 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 | $909K+731.1% | -$144K-161.6% | $234K+9.3% | $214K-67.1% | $649K |
| Financing Cash Flow | $566-99.2% | $68K-48.3% | $131K-61.0% | $334K+210.7% | $108K+633.8% | $15K+253.3% | -$10K-100.7% | $1.4M |
| 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 |
NXMH Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.3%-3.1pp | 28.4%-11.6pp | 40.0%+54.6pp | -14.5%-19.8pp | 5.3%-4.0pp | 9.3%-5.7pp | 14.9% | N/A |
| Operating Margin | 129.6%+8.7pp | 120.9% | N/A | N/A | 100.0%0.0pp | 100.0% | N/A | N/A |
| Net Margin | -81.1%+82.8pp | -163.9%+7.1pp | -171.0%+816.2pp | -987.2%-946.8pp | -40.4%+128.5pp | -168.9%+63.6pp | -232.5% | N/A |
| Return on Equity | N/A | N/A | N/A | -6485.4%-6482.6pp | -2.8%+26.5pp | -29.3%-4.2pp | -25.1% | N/A |
| Return on Assets | -27.0%+26.9pp | -53.8%-13.8pp | -40.0%+206.0pp | -246.1%-243.9pp | -2.2%+21.6pp | -23.8%-3.6pp | -20.2% | N/A |
| Current Ratio | 0.38+0.0 | 0.33-0.4 | 0.70-0.5 | 1.18-2.4 | 3.59-1.4 | 4.95+0.3 | 4.69-1.9 | 6.60 |
| Debt-to-Equity | -1.69+0.1 | -1.83+1.3 | -3.15-28.5 | 25.36+25.1 | 0.26+0.0 | 0.230.0 | 0.24+0.1 | 0.18 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$392K), 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 (0.70), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Next Meats Hldgs Inc's annual revenue?
Next Meats Hldgs Inc (NXMH) reported $1.4M in total revenue for fiscal year 2023. This represents a -79.9% 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 Next Meats Hldgs Inc's revenue growing?
Next Meats Hldgs Inc (NXMH) revenue declined by 79.9% year-over-year, from $7.0M to $1.4M in fiscal year 2023.
Is Next Meats Hldgs Inc profitable?
No, Next Meats Hldgs Inc (NXMH) reported a net income of -$4.8M in fiscal year 2023, with a net profit margin of -345.6%.
What is Next Meats Hldgs Inc's gross margin?
Next Meats Hldgs Inc (NXMH) had a gross margin of 5.1% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Next Meats Hldgs Inc's net profit margin?
Next Meats Hldgs Inc (NXMH) had a net profit margin of -345.6% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Next Meats Hldgs Inc's operating cash flow?
Next Meats Hldgs Inc (NXMH) generated -$1.7M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Next Meats Hldgs Inc's total assets?
Next Meats Hldgs Inc (NXMH) had $840K in total assets as of fiscal year 2023, including both current and long-term assets.
What is Next Meats Hldgs Inc's current ratio?
Next Meats Hldgs Inc (NXMH) had a current ratio of 0.70 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Next Meats Hldgs Inc's debt-to-equity ratio?
Next Meats Hldgs Inc (NXMH) had a debt-to-equity ratio of -3.15 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Next Meats Hldgs Inc's return on assets (ROA)?
Next Meats Hldgs Inc (NXMH) had a return on assets of -575.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Next Meats Hldgs Inc's cash runway?
Based on fiscal year 2023 data, Next Meats Hldgs Inc (NXMH) had $168K in cash against an annual operating cash burn of $1.7M. This gives an estimated cash runway of approximately 1 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 Next Meats Hldgs Inc's debt-to-equity ratio negative or unusual?
Next Meats Hldgs Inc (NXMH) has negative shareholder equity of -$392K 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 Next Meats Hldgs Inc's Piotroski F-Score?
Next Meats Hldgs Inc (NXMH) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Next Meats Hldgs Inc's earnings high quality?
Next Meats Hldgs Inc (NXMH) has an earnings quality ratio of 0.34x, 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.
How financially healthy is Next Meats Hldgs Inc?
Next Meats Hldgs Inc (NXMH) scores 34 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.