Petroteq Egy Financials
This page shows Petroteq Egy (PQEFF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Petroteq’s core mechanic is external financing: new capital keeps funding overhead and asset spending while revenue remains minimal.
Losses narrowed from-$15.8M in FY2019 to-$9.5M in FY2021, but the main driver was overhead reduction, with SG&A cut from$11.5M to$4.2M . That is why reported results improved while operating cash flow stayed near-$4.6M in both FY2020 and FY2021, meaning the business was spending less, not yet turning activity into cash.
The balance sheet is not heavily indebted, with FY2021 liabilities of
Cash burn required recurring financing across the last three valid years: FY2021 free cash flow was
Financial Health Signals
Petroteq Egy does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Petroteq Egy passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass.
Petroteq Egy reported a net loss of $9.5M while operations used $4.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Petroteq Egy reported -$9.5M in net income in fiscal year 2021. This represents an increase of 23.5% from the prior year.
Not reported for fiscal year 2021.
Not reported for fiscal year 2021.
Not reported for fiscal year 2021.
Cash & Balance Sheet
Petroteq Egy recorded an outflow of $7.0M in free cash flow in fiscal year 2021, representing a cash shortfall after capex. This represents a decrease of 7.6% from the prior year.
Petroteq Egy held $1.0M in cash as of fiscal year 2021; long-term debt is not reported for that period.
Not reported for fiscal year 2021.
Margins & Returns
Petroteq Egy's ROE was -14.3% in fiscal year 2021, measuring profit generated per dollar of shareholder equity. This is up 8.5 percentage points from the prior year.
Not reported for fiscal year 2021.
Not reported for fiscal year 2021.
Not reported for fiscal year 2021.
Capital Allocation
Petroteq Egy invested $2.4M in capex in fiscal year 2021, funding long-term assets and infrastructure. This represents an increase of 16.2% from the prior year.
Not reported for fiscal year 2021.
Not reported for fiscal year 2021.
PQEFF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | $291K+390.1% | $59K | N/A |
| Gross Profit | N/A | -$91K+96.2% | -$2.4M-52.6% | -$1.6M-480.0% | -$272K |
| R&D Expenses | N/A | N/A | N/A | $113K-6.1% | $120K |
| SG&A Expenses | N/A | $4.2M-31.8% | $6.2M-46.4% | $11.5M-19.3% | $14.3M |
| Net Income | N/A | -$9.5M+23.5% | -$12.4M+21.6% | -$15.8M-200.9% | $15.6M |
Not reported in any period shown, so not listed: Cost of Revenue, Operating Income, Interest Expense, Income Tax, EPS (Diluted).
TTM is the trailing twelve months, Q2 FY2021 through Q1 FY2022, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PQEFF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|
| Total Assets | $81.0M+10.0% | $73.6M+1.1% | $72.9M+86.3% | $39.1M |
| Current Assets | $4.2M+87.9% | $2.2M-8.5% | $2.4M-41.8% | $4.2M |
| Cash & Equivalents | $1.0M+1523.2% | $62K+23.0% | $51K-98.1% | $2.6M |
| Inventory | $17K+13.9% | $15K-91.7% | $177K+44.6% | $122K |
| Accounts Receivable | N/A | $13K-91.1% | $144K-64.4% | $404K |
| Total Liabilities | $14.9M-23.7% | $19.5M+29.8% | $15.0M+143.5% | $6.2M |
| Current Liabilities | $10.5M-31.1% | $15.2M+29.7% | $11.7M+156.1% | $4.6M |
| Long-Term Debt | N/A | $684K+216.9% | $216K-64.0% | $599K |
| Total Equity | $66.2M+22.2% | $54.1M-6.4% | $57.8M+75.6% | $32.9M |
| Retained Earnings | -$100.1M-10.4% | -$90.7M-15.8% | -$78.3M-25.3% | -$62.5M |
Not reported in any period shown, so not listed: Goodwill.
PQEFF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$6.7M | -$4.6M-3.6% | -$4.5M+43.3% | -$7.9M+4.5% | -$8.2M |
| Capital Expenditures | N/A | $2.4M+16.2% | $2.1M-73.9% | $7.9M+25.6% | $6.3M |
| Free Cash Flow | N/A | -$7.0M-7.6% | -$6.5M+58.7% | -$15.8M-8.6% | -$14.6M |
| Investing Cash Flow | -$285K | -$2.4M-2.3% | -$2.4M+81.9% | -$13.0M-89.9% | -$6.9M |
| Financing Cash Flow | $7.0M | $8.0M+16.9% | $6.8M-62.7% | $18.3M+3.5% | $17.7M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q2 FY2021 through Q1 FY2022, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PQEFF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|
| Gross Margin | N/A | -829.0% | -2662.0% | N/A |
| Net Margin | N/A | -4256.8% | -26608.0% | N/A |
| Return on Equity | -14.3%+8.5pp | -22.9%+4.4pp | -27.3%-74.8pp | 47.5% |
| Return on Assets | -11.7%+5.1pp | -16.8%+4.9pp | -21.7%-61.7pp | 40.0% |
| Current Ratio | 0.40+0.3x | 0.15-0.1x | 0.21-0.7x | 0.92 |
| Debt-to-Equity | 0.23+0.2x | 0.010.0x | 0.000.0x | 0.02 |
| FCF Margin | N/A | -2247.1% | -26636.3% | N/A |
Not reported in any period shown, so not listed: Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Net Margin, FCF Margin.
Note: The current ratio is below 1.0 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Petroteq Egy Ranks
Frequently Asked Questions
Is Petroteq Egy profitable?
No, Petroteq Egy (PQEFF) reported a net income of -$9.5M in fiscal year 2021.
What is Petroteq Egy's return on equity (ROE)?
Petroteq Egy (PQEFF) has a return on equity of -14.3% for fiscal year 2021, measuring how efficiently the company generates profit from shareholder equity.
What is Petroteq Egy's free cash flow?
Petroteq Egy (PQEFF) recorded an outflow of $7.0M in free cash flow during fiscal year 2021. This represents a -7.6% 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 Petroteq Egy's operating cash flow?
Petroteq Egy (PQEFF) recorded an outflow of $4.6M in operating cash flow during fiscal year 2021, representing cash used by core business activities.
What are Petroteq Egy's total assets?
Petroteq Egy (PQEFF) had $81.0M in total assets as of fiscal year 2021, including both current and long-term assets.
What are Petroteq Egy's capital expenditures?
Petroteq Egy (PQEFF) invested $2.4M in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
What is Petroteq Egy's current ratio?
Petroteq Egy (PQEFF) had a current ratio of 0.40 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.
What is Petroteq Egy's debt-to-equity ratio?
Petroteq Egy (PQEFF) had a debt-to-equity ratio of 0.23 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Petroteq Egy's return on assets (ROA)?
Petroteq Egy (PQEFF) had a return on assets of -11.7% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
What is Petroteq Egy's cash runway?
Based on fiscal year 2021 data, Petroteq Egy (PQEFF) had $1.0M in cash against an annual operating cash burn of $4.6M. 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.
What is Petroteq Egy's Piotroski F-Score?
Petroteq Egy (PQEFF) has a Piotroski F-Score of 3 out of 5 computable signals; 4 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 Petroteq Egy's earnings high quality?
Petroteq Egy (PQEFF) reported a net loss of $9.5M while operations used $4.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.