Pacific Ventures Financials
This page shows Pacific Ventures (PACV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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
Pacific Ventures 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.
For every $1 of reported earnings, Pacific Ventures generates $0.52 in operating cash flow (-$4.0M OCF vs -$7.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Pacific Ventures earns $-0.7 in operating income for every $1 of interest expense (-$3.2M vs $4.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Pacific Ventures generated $39.9M in revenue in fiscal year 2022. This represents a decrease of 5.0% from the prior year.
Pacific Ventures's EBITDA was -$2.7M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.7% from the prior year.
Pacific Ventures reported -$7.7M in net income in fiscal year 2022. This represents a decrease of 39.2% from the prior year.
Pacific Ventures held $260K in cash against $14.9M in long-term debt as of fiscal year 2022.
Pacific Ventures had 469M shares outstanding in fiscal year 2022. This represents an increase of 1097.7% from the prior year.
Pacific Ventures's gross margin was 13.2% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 1.6 percentage points from the prior year.
Pacific Ventures's operating margin was -8.1% in fiscal year 2022, reflecting core business profitability. This is up 0.0 percentage points from the prior year.
Pacific Ventures's net profit margin was -19.4% in fiscal year 2022, showing the share of revenue converted to profit. This is down 6.1 percentage points from the prior year.
PACV Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5M+1.7% | $7.4M-4.2% | $7.7M-15.2% | $9.1M-8.6% | $9.9M-5.8% | $10.5M+1.4% | $10.4M-9.6% | $11.5M |
| Cost of Revenue | $6.6M+1.2% | $6.5M+1.5% | $6.4M-22.1% | $8.2M-6.1% | $8.7M-2.8% | $9.0M+3.4% | $8.7M-14.3% | $10.2M |
| Gross Profit | $923K+5.0% | $879K-32.2% | $1.3M+51.0% | $858K-26.7% | $1.2M-23.9% | $1.5M-8.7% | $1.7M+27.0% | $1.3M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $888K-18.7% | $1.1M-14.5% | $1.3M-23.1% | $1.7M+1.8% | $1.6M-5.5% | $1.7M+14.5% | $1.5M-14.3% | $1.8M |
| Operating Income | -$441K+23.2% | -$574K-133.2% | -$246K+82.4% | -$1.4M-70.7% | -$819K+8.9% | -$899K-611.8% | -$126K+84.2% | -$799K |
| Interest Expense | $688K-7.2% | $742K-9.6% | $820K-27.4% | $1.1M+18.7% | $952K-33.3% | $1.4M+45.9% | $979K+0.3% | $976K |
| Income Tax | $0 | $0 | N/A | N/A | $0 | $0 | N/A | N/A |
| Net Income | $48K+104.1% | -$1.2M-11.5% | -$1.0M+61.9% | -$2.8M-71.0% | -$1.6M+29.4% | -$2.3M-111.5% | -$1.1M-7.6% | -$1.0M |
| EPS (Diluted) | $0.00+106.7% | $-0.00 | N/A | N/A | $-0.00+52.4% | $-0.01 | N/A | N/A |
PACV Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.0M+8.2% | $5.6M-6.0% | $5.9M-4.1% | $6.2M-18.3% | $7.6M-8.6% | $8.3M+5.8% | $7.8M+2.9% | $7.6M |
| Current Assets | $2.7M+26.1% | $2.1M-10.4% | $2.4M-8.0% | $2.6M-24.3% | $3.4M-14.6% | $4.0M+16.7% | $3.5M+11.0% | $3.1M |
| Cash & Equivalents | $152K+7232.0% | -$2K-100.7% | $321K+23.6% | $260K-62.3% | $690K+27.7% | $541K+155.8% | $211K+1185.8% | $16K |
| Inventory | $1.4M+15.6% | $1.2M+0.3% | $1.2M+30.5% | $899K-36.4% | $1.4M-28.8% | $2.0M+18.6% | $1.7M+20.3% | $1.4M |
| Accounts Receivable | $993K+32.1% | $751K+13.2% | $664K-41.3% | $1.1M+3.4% | $1.1M-7.0% | $1.2M-8.7% | $1.3M-8.3% | $1.4M |
| Goodwill | $370K0.0% | $370K0.0% | $370K0.0% | $370K-24.6% | $491K0.0% | $491K0.0% | $491K0.0% | $491K |
| Total Liabilities | $27.8M+1.4% | $27.4M+2.2% | $26.8M+3.1% | $26.0M+4.5% | $24.9M+2.6% | $24.3M+3.8% | $23.4M+4.7% | $22.4M |
| Current Liabilities | $11.4M-1.0% | $11.5M+1.2% | $11.3M+2.6% | $11.0M+8.0% | $10.2M+3.6% | $9.9M+11.5% | $8.9M+5.4% | $8.4M |
| Long-Term Debt | $16.3M+3.3% | $15.8M+3.0% | $15.3M+3.0% | $14.9M+3.9% | $14.3M+1.9% | $14.0M-1.0% | $14.2M+4.4% | $13.6M |
| Total Equity | -$21.8M+0.3% | -$21.9M-4.6% | -$20.9M-5.3% | -$19.8M-14.5% | -$17.3M-8.4% | -$16.0M-2.7% | -$15.6M-5.6% | -$14.7M |
| Retained Earnings | -$31.1M+0.2% | -$31.2M-3.9% | -$30.0M-3.6% | -$29.0M-10.3% | -$26.3M-6.8% | -$24.6M-10.2% | -$22.3M-5.1% | -$21.2M |
PACV Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $778K+148.0% | $314K+1050.4% | -$33K+98.0% | -$1.6M-2925.3% | $58K+102.6% | -$2.2M-1053.9% | -$194K-141.4% | $468K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$46K |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $422K |
| Investing Cash Flow | $6K | N/A | N/A | $173K | N/A | N/A | N/A | $46K |
| Financing Cash Flow | -$631K+1.0% | -$637K-774.9% | $94K-90.8% | $1.0M+1021.8% | $92K-96.4% | $2.6M+560.4% | $389K+139.1% | -$995K |
| 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 | $0 | $0-100.0% | $5K | $0 | N/A |
PACV Financial Ratios
| Metric | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 12.3%+0.4pp | 11.9%-4.9pp | 16.8%+7.4pp | 9.5%-2.3pp | 11.8%-2.8pp | 14.6%-1.6pp | 16.2%+4.7pp | 11.6% |
| Operating Margin | -5.9%+1.9pp | -7.8%-4.6pp | -3.2%+12.2pp | -15.4%-7.2pp | -8.3%+0.3pp | -8.5%-7.3pp | -1.2%+5.7pp | -7.0% |
| Net Margin | 0.6%+16.5pp | -15.9%-2.2pp | -13.6%+16.8pp | -30.4%-14.1pp | -16.3%+5.4pp | -21.7%-11.3pp | -10.4%-1.7pp | -8.7% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.8%+21.8pp | -21.0%-3.3pp | -17.7%+26.9pp | -44.5%-23.3pp | -21.3%+6.3pp | -27.6%-13.8pp | -13.8%-0.6pp | -13.2% |
| Current Ratio | 0.24+0.1 | 0.19-0.0 | 0.21-0.0 | 0.24-0.1 | 0.34-0.1 | 0.41+0.0 | 0.39+0.0 | 0.37 |
| Debt-to-Equity | -0.75-0.0 | -0.72+0.0 | -0.73+0.0 | -0.75+0.1 | -0.83+0.1 | -0.88+0.0 | -0.91+0.0 | -0.92 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.7% |
Note: Shareholder equity is negative (-$19.8M), 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 (0.24), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Pacific Ventures's annual revenue?
Pacific Ventures (PACV) reported $39.9M in total revenue for fiscal year 2022. This represents a -5.0% 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 Pacific Ventures's revenue growing?
Pacific Ventures (PACV) revenue declined by 5% year-over-year, from $42.0M to $39.9M in fiscal year 2022.
Is Pacific Ventures profitable?
No, Pacific Ventures (PACV) reported a net income of -$7.7M in fiscal year 2022, with a net profit margin of -19.4%.
What is Pacific Ventures's EBITDA?
Pacific Ventures (PACV) had EBITDA of -$2.7M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Pacific Ventures have?
As of fiscal year 2022, Pacific Ventures (PACV) had $260K in cash and equivalents against $14.9M in long-term debt.
What is Pacific Ventures's gross margin?
Pacific Ventures (PACV) had a gross margin of 13.2% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Pacific Ventures's operating margin?
Pacific Ventures (PACV) had an operating margin of -8.1% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Pacific Ventures's net profit margin?
Pacific Ventures (PACV) had a net profit margin of -19.4% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Pacific Ventures's operating cash flow?
Pacific Ventures (PACV) generated -$4.0M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Pacific Ventures's total assets?
Pacific Ventures (PACV) had $6.2M in total assets as of fiscal year 2022, including both current and long-term assets.
How many shares does Pacific Ventures have outstanding?
Pacific Ventures (PACV) had 469M shares outstanding as of fiscal year 2022.
What is Pacific Ventures's current ratio?
Pacific Ventures (PACV) had a current ratio of 0.24 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Pacific Ventures's debt-to-equity ratio?
Pacific Ventures (PACV) had a debt-to-equity ratio of -0.75 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Pacific Ventures's return on assets (ROA)?
Pacific Ventures (PACV) had a return on assets of -124.9% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Pacific Ventures's cash runway?
Based on fiscal year 2022 data, Pacific Ventures (PACV) had $260K in cash against an annual operating cash burn of $4.0M. 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 Pacific Ventures's debt-to-equity ratio negative or unusual?
Pacific Ventures (PACV) has negative shareholder equity of -$19.8M as of fiscal year 2022, 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 Pacific Ventures's Piotroski F-Score?
Pacific Ventures (PACV) 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 Pacific Ventures's earnings high quality?
Pacific Ventures (PACV) has an earnings quality ratio of 0.52x, 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 Pacific Ventures cover its interest payments?
Pacific Ventures (PACV) has an interest coverage ratio of -0.7x, 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.