Quality Online Education Group Inc Financials

QOEG

Source SEC Filings (10-K/10-Q) Updated May 31, 2023 Currency USD FYE August

This page shows Quality Online Education Group Inc (QOEG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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

Piotroski F-Score Weak

3/9

Quality Online Education Group Inc 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.

Earnings Quality Low Quality

0.85x

For every $1 of reported earnings, Quality Online Education Group Inc generates $0.85 in operating cash flow (-$3.2M OCF vs -$3.8M 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

Export CSV

Revenue

$1.7M

YoY+248.4%

Quality Online Education Group Inc generated $1.7M in revenue in fiscal year 2022. This represents an increase of 248.4% from the prior year.

EBITDA

-$3.8M

YoY-82.7%

Quality Online Education Group Inc's EBITDA was -$3.8M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 82.7% from the prior year.

Free Cash Flow

N/A

Net Income

-$3.8M

YoY-81.0%

Quality Online Education Group Inc reported -$3.8M in net income in fiscal year 2022. This represents a decrease of 81.0% from the prior year.

EPS (Diluted)

$0.00

Quality Online Education Group Inc earned $0.00 per diluted share (EPS) in fiscal year 2022.

Cash & Debt

$180K

YoY+359.8%

Quality Online Education Group Inc held $180K in cash against $0 in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

1.75B

Quality Online Education Group Inc had 1.75B shares outstanding in fiscal year 2022.

Gross Margin

57.3%

YoY+47.9pp

Quality Online Education Group Inc's gross margin was 57.3% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 47.9 percentage points from the prior year.

Operating Margin

-225.9%

YoY+209.2pp

Quality Online Education Group Inc's operating margin was -225.9% in fiscal year 2022, reflecting core business profitability. This is up 209.2 percentage points from the prior year.

Net Margin

-225.9%

YoY+208.9pp

Quality Online Education Group Inc's net profit margin was -225.9% in fiscal year 2022, showing the share of revenue converted to profit. This is up 208.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

QOEG Income Statement

Metric	FY22	FY21	FY14	FY13	FY12	FY11
Revenue	$1.7M+248.4%	$482K-92.2%	$6.2M+92.6%	$3.2M+87.6%	$1.7M	N/A
Cost of Revenue	$716K+64.3%	$436K-85.4%	$3.0M+109.4%	$1.4M+8.9%	$1.3M	N/A
Gross Profit	$961K+2019.3%	$45K-98.6%	$3.2M+79.0%	$1.8M+347.3%	$396K	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$119K-66.4%	$355K-73.4%	$1.3M+58.7%	$843K+1297.0%	$60K-7.2%	$65K
Operating Income	-$3.8M-80.9%	-$2.1M-214.1%	$1.8M+97.5%	$930K+1640.5%	-$60K+7.2%	-$65K
Interest Expense	N/A	N/A	$135K-12.6%	$155K+3000.8%	$5K+7.0%	$5K
Income Tax	N/A	N/A	$408K+167.9%	$152K	N/A	N/A
Net Income	-$3.8M-81.0%	-$2.1M-257.3%	$1.3M+105.6%	$648K+1091.2%	-$65K+6.3%	-$70K
EPS (Diluted)	$0.00	$0.00	N/A	N/A	N/A	N/A

Metric	Q3'23	Q2'23	Q1'22	Q3'22	Q2'22	Q1'21	Q3'21	Q3'14
Revenue	$1.3M+58.7%	$813K+24.3%	$654K+28.2%	$510K+60.7%	$317K+49.3%	$213K	N/A	$1.5M
Cost of Revenue	$539K+35.5%	$398K+94.1%	$205K-7.2%	$221K+46.8%	$151K+48.7%	$101K	N/A	$717K
Gross Profit	$751K+80.9%	$415K-7.6%	$449K+55.3%	$289K+73.3%	$167K+49.9%	$111K	N/A	$762K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$12K-23.0%	$16K-59.8%	$39K+38.6%	$28K+77.2%	$16K-14.1%	$19K	N/A	$251K
Operating Income	-$2.6M-189.2%	-$904K-26.1%	-$716K-45.0%	-$494K+58.9%	-$1.2M+33.3%	-$1.8M	N/A	$511K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$36K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$185K
Net Income	-$2.6M-189.2%	-$904K-26.1%	-$716K-45.0%	-$494K+58.9%	-$1.2M+33.3%	-$1.8M	N/A	$307K
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	N/A	N/A

QOEG Balance Sheet

Metric	FY22	FY21	FY14	FY13	FY12	FY11
Total Assets	$984K-22.5%	$1.3M-85.6%	$8.8M+84.5%	$4.8M+103.9%	$2.3M	$0
Current Assets	$221K+1.5%	$218K-92.6%	$2.9M+100.3%	$1.5M+278.8%	$389K	N/A
Cash & Equivalents	$180K+359.8%	$39K-59.2%	$96K-41.7%	$164K+27.4%	$129K	$0
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$41K	N/A	$1.5M+158.8%	$565K	N/A	N/A
Goodwill	N/A	N/A	$153K	N/A	N/A	N/A
Total Liabilities	$2.0M+15.7%	$1.7M-76.4%	$7.2M+48.6%	$4.8M+88.8%	$2.6M+1347.5%	$177K
Current Liabilities	$1.9M+16.9%	$1.6M-40.2%	$2.7M+92.9%	$1.4M+509.8%	$228K+28.7%	$177K
Long-Term Debt	N/A	N/A	N/A	$751K	N/A	N/A
Total Equity	-$982K-128.9%	-$429K-124.5%	$1.8M+2950.3%	$58K+125.2%	-$228K-28.7%	-$177K
Retained Earnings	-$8.9M-44.6%	-$6.1M-539.3%	$1.4M+1961.4%	$68K+110.3%	-$656K-8.4%	-$606K

Metric	Q3'23	Q2'23	Q1'22	Q3'22	Q2'22	Q1'21	Q3'21	Q3'14
Total Assets	$2.0M+11.2%	$1.8M+100.5%	$889K	N/A	N/A	N/A	$1.3M-85.6%	$8.8M
Current Assets	$253K+23.9%	$204K+61.2%	$127K	N/A	N/A	N/A	$218K-92.6%	$2.9M
Cash & Equivalents	$167K-0.5%	$168K+57.7%	$106K+6.4%	$100K-21.0%	$127K+44.5%	$88K+124.1%	$39K-59.2%	$96K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$0	$0-100.0%	$6K	N/A	N/A	N/A	N/A	$1.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$153K
Total Liabilities	$5.4M+35.9%	$4.0M+55.7%	$2.5M	N/A	N/A	N/A	$1.7M-76.4%	$7.2M
Current Liabilities	$5.3M+36.7%	$3.9M+57.7%	$2.4M	N/A	N/A	N/A	$1.6M-40.2%	$2.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$3.4M-56.2%	-$2.2M-31.5%	-$1.6M-103.7%	-$810K-182.9%	-$286K-217.3%	$244K+156.9%	-$429K-124.5%	$1.8M
Retained Earnings	-$13.1M-24.9%	-$10.5M-9.4%	-$9.6M	N/A	N/A	N/A	-$6.1M-539.3%	$1.4M

QOEG Cash Flow Statement

Metric	FY22	FY21	FY14	FY13	FY12	FY11
Operating Cash Flow	-$3.2M-121.5%	-$1.5M-116.7%	-$670K-155.4%	$1.2M+7079.9%	-$17K+68.2%	-$54K
Capital Expenditures	N/A	N/A	$85K-95.6%	$1.9M+1942.1%	$95K	N/A
Free Cash Flow	N/A	N/A	-$756K-3.9%	-$727K-548.4%	-$112K	N/A
Investing Cash Flow	$254K+5112.5%	$5K+100.3%	-$1.9M+6.9%	-$2.1M-2068.2%	-$95K	N/A
Financing Cash Flow	$2.0M+54.5%	$1.3M-47.8%	$2.5M+180.6%	$882K+282.9%	$230K+323.2%	$54K
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	Q3'23	Q2'23	Q1'22	Q3'22	Q2'22	Q1'21	Q3'21	Q3'14
Operating Cash Flow	-$19K-103.7%	$508K+331.3%	-$220K-46219.7%	$476-96.4%	$13K-53.0%	$28K	N/A	-$1.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$22K
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-$2.0M
Investing Cash Flow	-$150K+81.6%	-$816K	N/A	N/A	-$2K	N/A	N/A	$256K
Financing Cash Flow	$168K-52.2%	$352K+178.1%	$127K+5539.6%	$2K-93.2%	$33K+180.8%	$12K	N/A	$1.5M
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

QOEG Financial Ratios

Metric	FY22	FY21	FY14	FY13	FY12	FY11
Gross Margin	57.3%+47.9pp	9.4%-42.1pp	51.5%-3.9pp	55.4%+32.2pp	23.2%	N/A
Operating Margin	-225.9%+209.2pp	-435.1%-464.9pp	29.8%+0.7pp	29.1%+32.6pp	-3.5%	N/A
Net Margin	-225.9%+208.9pp	-434.8%-456.4pp	21.6%+1.4pp	20.3%+24.1pp	-3.8%	N/A
Return on Equity	N/A	N/A	75.9%-1050.3pp	1126.2%	N/A	N/A
Return on Assets	-385.3%-220.4pp	-164.9%-180.0pp	15.1%+1.6pp	13.6%+16.4pp	-2.8%	N/A
Current Ratio	0.12-0.0	0.14-1.0	1.10+0.0	1.06-0.6	1.70	N/A
Debt-to-Equity	-2.00+2.0	-3.96-8.1	4.10-9.0	13.06+24.3	-11.25-10.2	-1.00
FCF Margin	N/A	N/A	-12.3%+10.5pp	-22.7%-16.2pp	-6.6%	N/A

Metric	Q3'23	Q2'23	Q1'22	Q3'22	Q2'22	Q1'21	Q3'21	Q3'14
Gross Margin	58.2%+7.2pp	51.0%-17.6pp	68.7%+12.0pp	56.7%+4.1pp	52.6%+0.2pp	52.4%	N/A	51.5%
Operating Margin	-202.6%-91.4pp	-111.2%-1.6pp	-109.6%-12.7pp	-96.9%+281.9pp	-378.7%+469.4pp	-848.1%	N/A	34.5%
Net Margin	-202.6%-91.4pp	-111.2%-1.6pp	-109.6%-12.7pp	-96.9%+281.9pp	-378.7%+469.4pp	-848.1%	N/A	20.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	22.3%
Return on Assets	-131.8%-81.2pp	-50.7%+29.9pp	-80.6%	N/A	N/A	N/A	N/A	4.6%
Current Ratio	0.050.0	0.050.0	0.05	N/A	N/A	N/A	0.14-1.0	1.10
Debt-to-Equity	-1.59+0.2	-1.82-0.3	-1.54	N/A	N/A	N/A	-3.96-8.1	4.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	16.7%

Note: Shareholder equity is negative (-$982K), 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 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

L A M Y LMMY

$1.6M

Rapid Line RPDL

$1.5M

Everybody Loves Languages Corp LMDCF

$1.2M

Aspen Group ASPU

$3.4M

Learning Tree LTRE

$6.6M

Frequently Asked Questions

What is Quality Online Education Group Inc's annual revenue?

Quality Online Education Group Inc (QOEG) reported $1.7M in total revenue for fiscal year 2022. This represents a 248.4% 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 Quality Online Education Group Inc's revenue growing?

Quality Online Education Group Inc (QOEG) revenue grew by 248.4% year-over-year, from $482K to $1.7M in fiscal year 2022.

Is Quality Online Education Group Inc profitable?

No, Quality Online Education Group Inc (QOEG) reported a net income of -$3.8M in fiscal year 2022, with a net profit margin of -225.9%.

What is Quality Online Education Group Inc's earnings per share (EPS)?

Quality Online Education Group Inc (QOEG) reported diluted earnings per share of $0.00 for fiscal year 2022. 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 Quality Online Education Group Inc's EBITDA?

Quality Online Education Group Inc (QOEG) had EBITDA of -$3.8M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

What is Quality Online Education Group Inc's gross margin?

Quality Online Education Group Inc (QOEG) had a gross margin of 57.3% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is Quality Online Education Group Inc's operating margin?

Quality Online Education Group Inc (QOEG) had an operating margin of -225.9% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is Quality Online Education Group Inc's net profit margin?

Quality Online Education Group Inc (QOEG) had a net profit margin of -225.9% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is Quality Online Education Group Inc's operating cash flow?

Quality Online Education Group Inc (QOEG) generated -$3.2M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Quality Online Education Group Inc's total assets?

Quality Online Education Group Inc (QOEG) had $984K in total assets as of fiscal year 2022, including both current and long-term assets.

How many shares does Quality Online Education Group Inc have outstanding?

Quality Online Education Group Inc (QOEG) had 1.75B shares outstanding as of fiscal year 2022.

What is Quality Online Education Group Inc's current ratio?

Quality Online Education Group Inc (QOEG) had a current ratio of 0.12 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Quality Online Education Group Inc's debt-to-equity ratio?

Quality Online Education Group Inc (QOEG) had a debt-to-equity ratio of -2.00 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Quality Online Education Group Inc's return on assets (ROA)?

Quality Online Education Group Inc (QOEG) had a return on assets of -385.3% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Quality Online Education Group Inc's cash runway?

Based on fiscal year 2022 data, Quality Online Education Group Inc (QOEG) had $180K in cash against an annual operating cash burn of $3.2M. 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 Quality Online Education Group Inc's debt-to-equity ratio negative or unusual?

Quality Online Education Group Inc (QOEG) has negative shareholder equity of -$982K 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 Quality Online Education Group Inc's Piotroski F-Score?

Quality Online Education Group Inc (QOEG) 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 Quality Online Education Group Inc's earnings high quality?

Quality Online Education Group Inc (QOEG) has an earnings quality ratio of 0.85x, 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.