Inductance Energy Corp Financials
This page shows Inductance Energy Corp (QREE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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
Inductance Energy Corp passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Inductance Energy Corp generates $0.07 in operating cash flow (-$3.4M OCF vs -$47.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Inductance Energy Corp earns $-4383.6 in operating income for every $1 of interest expense (-$58.8M vs $13K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Inductance Energy Corp generated $324K in revenue in fiscal year 2022.
Inductance Energy Corp reported -$47.6M in net income in fiscal year 2022. This represents a decrease of 540.1% from the prior year.
Inductance Energy Corp held $6.4M in cash against $0 in long-term debt as of fiscal year 2022.
Inductance Energy Corp had 48M shares outstanding in fiscal year 2022. This represents an increase of 0.0% from the prior year.
Inductance Energy Corp's gross margin was 66.3% in fiscal year 2022, indicating the percentage of revenue retained after direct costs.
Inductance Energy Corp's operating margin was -18131.1% in fiscal year 2022, reflecting core business profitability.
Inductance Energy Corp's net profit margin was -14681.7% in fiscal year 2022, showing the share of revenue converted to profit.
QREE Income Statement
| Metric | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 | Q3'20 | Q2'20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0-100.0% | $324K | $0 | $0 | $0 | N/A |
| Cost of Revenue | $0 | $0 | $0-100.0% | $109K | $0 | $0 | $0 | N/A |
| Gross Profit | $0 | $0 | $0-100.0% | $215K | $0 | $0 | $0 | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $871K+91.1% | $456K-20.9% | $576K-14.4% | $673K+51.5% | $444K+32.5% | $335K | $0 | $0 |
| Operating Income | -$1.8M+58.3% | -$4.3M-174.0% | -$1.6M-103.9% | -$768K-2.9% | -$747K-11.7% | -$668K-13666.6% | -$5K | $0 |
| Interest Expense | $80K+13235.0% | $600-22.7% | $776-76.8% | $3K-0.6% | $3K0.0% | $3K-52.3% | $7K+4.1% | $7K |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$496.7M+43.7% | -$881.8M-36130.0% | $2.4M-72.2% | $8.8M+376.2% | -$3.2M-2822.3% | $117K-46.9% | $221K+178.3% | -$282K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
QREE Balance Sheet
| Metric | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 | Q3'20 | Q2'20 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $28.7M+33.0% | $21.5M+1.8% | $21.2M+20.5% | $17.6M+38.5% | $12.7M+151.2% | $5.0M+10737874.5% | $470.0% | $47 |
| Current Assets | $10.8M+118.3% | $4.9M-32.1% | $7.3M-12.4% | $8.3M+60.9% | $5.1M+263.2% | $1.4M+3014470.2% | $470.0% | $47 |
| Cash & Equivalents | $10.0M+138.5% | $4.2M-35.6% | $6.5M-19.9% | $8.2M+67.4% | $4.9M+260.2% | $1.4M+2880427.7% | $470.0% | $47 |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $13.3M-94.1% | $226.2M+970.2% | $21.1M+1.9% | $20.7M-15.1% | $24.4M+83.9% | $13.3M+1282.2% | $961K-18.7% | $1.2M |
| Current Liabilities | $13.3M-94.1% | $226.2M+970.2% | $21.1M+1.9% | $20.7M-15.1% | $24.4M+83.9% | $13.3M+1282.2% | $961K-18.7% | $1.2M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $15.4M+107.5% | -$204.7M-1054550.1% | $19K+100.6% | -$3.2M+72.9% | -$11.7M-42.7% | -$8.2M-756.9% | -$961K+18.7% | -$1.2M |
| Retained Earnings | -$1.4B-52.5% | -$946.8M-1356.5% | -$65.0M-360.8% | -$14.1M+38.5% | -$22.9M-16.2% | -$19.7M-58.4% | -$12.5M+1.7% | -$12.7M |
QREE Cash Flow Statement
| Metric | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 | Q3'20 | Q2'20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M-227.3% | -$565K+71.0% | -$1.9M-220.0% | -$608K+39.9% | -$1.0M-40.7% | -$719K | N/A | N/A |
| Capital Expenditures | $0-100.0% | $65K+21.6% | $53K | $0 | $0 | $0 | N/A | N/A |
| Free Cash Flow | -$1.8M-193.6% | -$630K+68.5% | -$2.0M-228.8% | -$608K+39.9% | -$1.0M-40.7% | -$719K | N/A | N/A |
| Investing Cash Flow | -$1.3M+59.6% | -$3.2M-60.5% | -$2.0M0.0% | -$2.0M+55.1% | -$4.5M-83.5% | -$2.4M | $0 | $0 |
| Financing Cash Flow | $9.0M+517.7% | $1.5M-64.7% | $4.1M-30.2% | $5.9M-34.4% | $9.0M+255.0% | $2.5M | $0 | $0 |
| 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 |
QREE Financial Ratios
| Metric | Q3'22 | Q2'22 | Q1'22 | Q3'21 | Q2'21 | Q1'21 | Q3'20 | Q2'20 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | 66.3% | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | -236.9% | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | 2719.5% | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | 12607.6% | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -1733.2%+2360.3pp | -4093.5%-4105.1pp | 11.6%-38.6pp | 50.2%+75.4pp | -25.2%-27.5pp | 2.3%-469727.5pp | 469729.8%+1069468.1pp | -599738.3% |
| Current Ratio | 0.81+0.8 | 0.02-0.3 | 0.34-0.1 | 0.40+0.2 | 0.21+0.1 | 0.11+0.1 | 0.000.0 | 0.00 |
| Debt-to-Equity | 0.87+2.0 | -1.11-1090.1 | 1088.95+1095.5 | -6.52-4.4 | -2.08-0.5 | -1.61-0.6 | -1.000.0 | -1.00 |
| FCF Margin | N/A | N/A | N/A | -187.5% | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$2.5M), 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 (0.31), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Inductance Energy Corp's annual revenue?
Inductance Energy Corp (QREE) reported $324K in total revenue for fiscal year 2022. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Inductance Energy Corp profitable?
No, Inductance Energy Corp (QREE) reported a net income of -$47.6M in fiscal year 2022, with a net profit margin of -14681.7%.
What is Inductance Energy Corp's gross margin?
Inductance Energy Corp (QREE) had a gross margin of 66.3% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Inductance Energy Corp's operating margin?
Inductance Energy Corp (QREE) had an operating margin of -18131.1% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Inductance Energy Corp's net profit margin?
Inductance Energy Corp (QREE) had a net profit margin of -14681.7% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Inductance Energy Corp's operating cash flow?
Inductance Energy Corp (QREE) generated -$3.4M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Inductance Energy Corp's total assets?
Inductance Energy Corp (QREE) had $18.5M in total assets as of fiscal year 2022, including both current and long-term assets.
How many shares does Inductance Energy Corp have outstanding?
Inductance Energy Corp (QREE) had 48M shares outstanding as of fiscal year 2022.
What is Inductance Energy Corp's current ratio?
Inductance Energy Corp (QREE) had a current ratio of 0.31 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Inductance Energy Corp's debt-to-equity ratio?
Inductance Energy Corp (QREE) had a debt-to-equity ratio of -8.34 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Inductance Energy Corp's return on assets (ROA)?
Inductance Energy Corp (QREE) had a return on assets of -257.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Inductance Energy Corp's cash runway?
Based on fiscal year 2022 data, Inductance Energy Corp (QREE) had $6.4M in cash against an annual operating cash burn of $3.4M. This gives an estimated cash runway of approximately 22 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 Inductance Energy Corp's debt-to-equity ratio negative or unusual?
Inductance Energy Corp (QREE) has negative shareholder equity of -$2.5M 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 Inductance Energy Corp's Piotroski F-Score?
Inductance Energy Corp (QREE) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Inductance Energy Corp's earnings high quality?
Inductance Energy Corp (QREE) has an earnings quality ratio of 0.07x, 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 Inductance Energy Corp cover its interest payments?
Inductance Energy Corp (QREE) has an interest coverage ratio of -4383.6x, 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.