Q/C Technologies Inc Financials
This page shows Q/C Technologies Inc (QCLS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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
Q/C Technologies Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Q/C Technologies Inc generates $0.38 in operating cash flow (-$9.0M OCF vs -$23.4M 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
Q/C Technologies Inc reported -$23.4M in net income in fiscal year 2024. This represents a decrease of 484.0% from the prior year.
Q/C Technologies Inc earned $-11.15 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 109.2% from the prior year.
Q/C Technologies Inc held $173K in cash against $0 in long-term debt as of fiscal year 2024.
Q/C Technologies Inc had 34,397 shares outstanding in fiscal year 2024. This represents a decrease of 98.3% from the prior year.
Q/C Technologies Inc invested $3.4M in research and development in fiscal year 2024. This represents a decrease of 56.3% from the prior year.
QCLS Income Statement
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $453K-66.5% | $1.4M+15.3% | $1.2M+1375.1% | $80K-81.1% | $421K-9.4% | $465K-24.1% | $612K-34.8% | $939K |
| Cost of Revenue | $162K+14.7% | $141K-76.6% | $604K+74.2% | $347K+21.5% | $286K+29.9% | $220K-10.6% | $246K-84.0% | $1.5M |
| Gross Profit | $291K-76.0% | $1.2M+112.7% | $570K+313.0% | -$267K-297.6% | $135K-44.7% | $245K-33.2% | $366K+161.6% | -$595K |
| R&D Expenses | $356K-59.2% | $873K-43.5% | $1.5M+2108.3% | $70K-90.1% | $708K+76.4% | $401K-66.5% | $1.2M+262.6% | $331K |
| SG&A Expenses | $968K+8.2% | $894K+6.3% | $842K+49.1% | $565K-48.9% | $1.1M+8.2% | $1.0M-4.5% | $1.1M-34.9% | $1.6M |
| Operating Income | -$1.8M+4.5% | -$1.9M+24.2% | -$2.5M-187.1% | -$861K+52.8% | -$1.8M+45.8% | -$3.4M-21.0% | -$2.8M+14.4% | -$3.3M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | $0 | $0 | N/A | $0 | $0 | $0 | N/A |
| Net Income | -$2.8M-56.5% | -$1.8M-59.7% | -$1.1M+16.0% | -$1.3M+30.6% | -$1.9M+79.8% | -$9.6M+2.4% | -$9.8M-143.7% | -$4.0M |
| EPS (Diluted) | $-2.50 | $-0.18+50.0% | $-0.36 | N/A | $-107.62-2270.5% | $-4.54+11.7% | $-5.14 | N/A |
QCLS Balance Sheet
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $37.2M+117.1% | $17.2M-8.7% | $18.8M-12.3% | $21.4M-10.9% | $24.0M-8.9% | $26.4M+82.0% | $14.5M-18.9% | $17.9M |
| Current Assets | $11.1M+116.3% | $5.2M-24.0% | $6.8M-28.0% | $9.4M-21.7% | $12.0M-16.2% | $14.4M+483.6% | $2.5M-57.7% | $5.8M |
| Cash & Equivalents | $6.9M+3226.5% | $208K+183.4% | $73K-57.7% | $173K-85.5% | $1.2M+122.4% | $536K+137.5% | $226K-91.6% | $2.7M |
| Inventory | $785K+4.3% | $753K+13.2% | $665K+234.3% | $199K-51.7% | $412K-24.3% | $544K-9.5% | $601K-36.5% | $948K |
| Accounts Receivable | $1.1M+3.0% | $1.0M+654.1% | $139K+223.2% | $43K-81.4% | $231K-13.5% | $267K-17.8% | $325K-66.4% | $965K |
| Goodwill | $10.5M0.0% | $10.5M0.0% | $10.5M0.0% | $10.5M0.0% | $10.5M0.0% | $10.5M0.0% | $10.5M0.0% | $10.5M |
| Total Liabilities | $15.9M+34.0% | $11.9M+17.7% | $10.1M-13.3% | $11.6M+66.4% | $7.0M-73.1% | $26.0M+511.4% | $4.3M-16.4% | $5.1M |
| Current Liabilities | $6.5M+17.7% | $5.6M+12.4% | $4.9M-26.3% | $6.7M-4.1% | $7.0M+20.9% | $5.8M+45.6% | $4.0M-20.3% | $5.0M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $14.3M+171.4% | $5.3M-39.3% | $8.7M-11.2% | $9.8M-41.6% | $16.8M+17053.9% | $98K-99.0% | $9.9M-19.7% | $12.4M |
| Retained Earnings | -$137.6M-2.8% | -$133.8M-2.1% | -$131.1M-1.5% | -$129.1M-2.5% | -$126.0M-2.2% | -$123.3M-9.2% | -$113.0M-10.8% | -$102.0M |
QCLS Cash Flow Statement
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.2M+43.8% | -$2.1M+21.8% | -$2.6M-24.5% | -$2.1M+12.7% | -$2.4M+8.9% | -$2.7M-51.9% | -$1.8M+9.1% | -$1.9M |
| Capital Expenditures | $23K+1305.2% | $2K | $0-100.0% | $23K-19.0% | $29K-54.2% | $63K+716.9% | $8K-55.4% | $17K |
| Free Cash Flow | -$986K-2.3% | -$964K-15.8% | -$832K+6.0% | -$885K-1.4% | -$873K-30.7% | -$668K-56.1% | -$428K+70.4% | -$1.4M |
| Investing Cash Flow | -$1.5M-168.0% | $2.2M-13.4% | $2.5M+130.6% | $1.1M-64.3% | $3.1M+128.0% | -$11.0M-1605.6% | $732K-87.7% | $5.9M |
| Financing Cash Flow | N/A | N/A | N/A | $1 | $0-100.0% | $14.0M+1078.9% | -$1.4M+11.7% | -$1.6M |
| Dividends Paid | N/A | $309K | N/A | N/A | $68K-89.1% | $625K | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
QCLS Financial Ratios
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.2%-25.3pp | 89.5%+41.0pp | 48.5%+384.5pp | -336.0%-368.1pp | 32.1%-20.5pp | 52.7%-7.2pp | 59.8%+123.2pp | -63.3% |
| Operating Margin | -252.1%-214.0pp | -38.1%+14.1pp | -52.3%+1029.7pp | -1082.0%-880.1pp | -201.8%-24.9pp | -176.9%-23.3pp | -153.6%+193.0pp | -346.6% |
| Net Margin | -248.0%-210.3pp | -37.8%+13.0pp | -50.7%+1632.2pp | -1683.0%-1484.0pp | -198.9%-27.8pp | -171.1%-21.3pp | -149.8%+278.6pp | -428.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -7.5%+2.9pp | -10.5%-4.5pp | -6.0%+6.3pp | -12.3%-4.3pp | -8.0%+28.2pp | -36.3%+31.4pp | -67.6%-24.6pp | -43.1% |
| Current Ratio | 1.71+0.8 | 0.93-0.4 | 1.37-0.0 | 1.40-0.3 | 1.72-0.8 | 2.48+1.9 | 0.62-0.5 | 1.17 |
| Debt-to-Equity | 1.11-1.1 | 2.25+1.1 | 1.16-0.0 | 1.19+0.8 | 0.42-265.4 | 265.83+265.4 | 0.43+0.0 | 0.41 |
| FCF Margin | -217.5%-146.2pp | -71.3%-0.3pp | -70.9%+84.0pp | -154.9%+98.3pp | -253.1%-191.1pp | -62.0%-35.0pp | -27.0%+126.7pp | -153.7% |
Frequently Asked Questions
Is Q/C Technologies Inc profitable?
No, Q/C Technologies Inc (QCLS) reported a net income of -$23.4M in fiscal year 2024.
What is Q/C Technologies Inc's earnings per share (EPS)?
Q/C Technologies Inc (QCLS) reported diluted earnings per share of $-11.15 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Q/C Technologies Inc's operating cash flow?
Q/C Technologies Inc (QCLS) generated -$9.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Q/C Technologies Inc's total assets?
Q/C Technologies Inc (QCLS) had $21.4M in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Q/C Technologies Inc spend on research and development?
Q/C Technologies Inc (QCLS) invested $3.4M in research and development during fiscal year 2024.
How many shares does Q/C Technologies Inc have outstanding?
Q/C Technologies Inc (QCLS) had 34,397 shares outstanding as of fiscal year 2024.
What is Q/C Technologies Inc's current ratio?
Q/C Technologies Inc (QCLS) had a current ratio of 1.40 as of fiscal year 2024, which is considered adequate.
What is Q/C Technologies Inc's debt-to-equity ratio?
Q/C Technologies Inc (QCLS) had a debt-to-equity ratio of 1.19 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Q/C Technologies Inc's return on assets (ROA)?
Q/C Technologies Inc (QCLS) had a return on assets of -109.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Q/C Technologies Inc's cash runway?
Based on fiscal year 2024 data, Q/C Technologies Inc (QCLS) had $173K in cash against an annual operating cash burn of $9.0M. This gives an estimated cash runway of approximately 0 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 Q/C Technologies Inc's Piotroski F-Score?
Q/C Technologies Inc (QCLS) 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 Q/C Technologies Inc's earnings high quality?
Q/C Technologies Inc (QCLS) has an earnings quality ratio of 0.38x, 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.