Recon Technology Ltd Financials
Recon Technology Ltd (RCON) reported $9.3M in revenue for fiscal year 2025, down 2.3% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
Recon Technology's revenue base remains too small to absorb overhead and reinvestment, leaving the balance sheet to fund operations.
With latest-year revenue at$9.3M and operating cash flow at-$4.7M , the business still has not reached a scale where gross profit can carry fixed costs and routine corporate spending. Because gross margin fell to23.0% even as the operating loss narrowed, the recent improvement came mainly from lower SG&A, not from stronger core sales economics.
The balance sheet is still liquid: cash of
Latest-year gross profit was only
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Recon Technology Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Recon Technology Ltd scores -0.18, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.3M) relative to total liabilities ($10.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Recon Technology Ltd passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Recon Technology Ltd reported a net loss of $5.9M while operations used $4.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Recon Technology Ltd reported an operating loss of $8.0M against $155K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Recon Technology Ltd generated $9.3M in revenue in fiscal year 2025. This represents a decrease of 2.3% from the prior year.
Recon Technology Ltd's EBITDA was -$7.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 20.1% from the prior year.
Recon Technology Ltd reported -$5.9M in net income in fiscal year 2025. This represents an increase of 13.4% from the prior year.
Recon Technology Ltd earned -$0.65 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
Recon Technology Ltd held $13.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Recon Technology Ltd's gross margin was 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.3 percentage points from the prior year.
Recon Technology Ltd's operating margin was -86.5% in fiscal year 2025, reflecting core business profitability. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Recon Technology Ltd's net profit margin was -64.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.2 percentage points from the prior year.
Recon Technology Ltd's ROE was -9.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the prior year.
Capital Allocation
Recon Technology Ltd invested $2.3M in research and development in fiscal year 2025. This represents an increase of 16.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
RCON Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.3M-2.3% | $9.5M+2.4% | $9.3M-26.0% | $12.5M+68.5% | $7.4M-20.2% | $9.3M-37.6% | $14.9M+16.5% | $12.8M+44.4% | $8.9M+37.8% | $6.4M-24.0% | $8.5M-44.3% | $15.2M+22.7% | $12.4M+3.5% | $12.0M | N/A |
| Cost of Revenue | $7.1M+7.9% | $6.6M-0.8% | $6.7M-30.8% | $9.6M+52.4% | $6.3M-3.4% | $6.5M-38.2% | $10.6M-13.2% | $12.2M+87.1% | $6.5M+21.8% | $5.3M-21.5% | $6.8M-31.4% | $9.9M+19.1% | $8.3M+2.6% | $8.1M | N/A |
| Gross Profit | $2.1M-25.9% | $2.9M+10.4% | $2.6M-10.3% | $2.9M+159.6% | $1.1M-59.7% | $2.8M-36.2% | $4.3M+593.7% | $627K-73.4% | $2.4M+116.0% | $1.1M-34.3% | $1.7M-68.5% | $5.3M+30.1% | $4.0M+5.4% | $3.8M | N/A |
| R&D Expenses | $2.3M+16.6% | $2.0M+61.9% | $1.2M-9.3% | $1.3M+47.8% | $905K-9.1% | $996K+118.3% | $456K-6.1% | $486K-56.7% | $1.1M+8.7% | $1.0M+50.7% | $685K-47.9% | $1.3M-4.4% | $1.4M | N/A | N/A |
| SG&A Expenses | $6.9M-21.0% | $8.8M-17.1% | $10.6M-14.8% | $12.4M+74.8% | $7.1M+92.6% | $3.7M-38.6% | $6.0M+14.7% | $5.2M+8.4% | $4.8M+59.0% | $3.0M-38.6% | $5.0M+88.1% | $2.6M+48.3% | $1.8M-50.7% | $3.6M | N/A |
| Operating Income | -$8.0M+18.8% | -$9.9M-3.1% | -$9.6M+22.2% | -$12.3M-28.9% | -$9.5M-234.1% | -$2.9M+19.2% | -$3.5M+42.9% | -$6.2M-36.9% | -$4.5M+24.8% | -$6.0M-3.0% | -$5.8M-1368.6% | $460K+603.8% | -$91K+83.7% | -$560K | N/A |
| Interest Expense | $155K+5.3% | $147K-57.5% | $347K+52.6% | $227K-33.6% | $342K+66.6% | $205K-11.3% | $231K+70.7% | $136K+67.4% | $81K-40.4% | $136K-25.5% | $182K+17.8% | $155K-38.5% | $252K+65.2% | $152K | N/A |
| Income Tax | $221+5425.0% | $4-99.8% | $3K+102.8% | -$92K-12.9% | -$81K-303.3% | $40K-31.2% | $58K+2266.6% | $2K-94.6% | $45K-44.7% | $82K+119.6% | -$419K-368.4% | $156K+236.8% | $46K+233.1% | -$35K | N/A |
| Net Income | -$5.9M+13.4% | -$6.9M+15.9% | -$8.2M-157.2% | $14.3M+503.6% | -$3.5M-29.9% | -$2.7M+26.3% | -$3.7M+44.5% | -$6.7M-43.5% | -$4.6M+24.6% | -$6.2M-30.0% | -$4.7M-3710.1% | $131K+1944.3% | $6K+101.1% | -$604K+86.7% | -$4.5M |
| EPS (Diluted) | -$0.65 | -$1.36 | -$3.78 | $0.48 | N/A | N/A | N/A | N/A | N/A | -$1.09-2.8% | -$1.06-3633.3% | $0.03 | $0.00 | N/A | N/A |
RCON Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $73.4M-3.5% | $76.0M+3.6% | $73.3M+0.2% | $73.2M-16.6% | $87.7M+219.0% | $27.5M+20.3% | $22.9M+24.2% | $18.4M+75.3% | $10.5M-12.2% | $12.0M-45.8% | $22.1M-12.1% | $25.1M+14.7% | $21.9M-9.1% | $24.1M | N/A |
| Current Assets | $49.7M-28.7% | $69.7M+0.2% | $69.6M+4.6% | $66.5M-12.0% | $75.6M+313.7% | $18.3M+28.4% | $14.2M-6.5% | $15.2M+51.0% | $10.1M-9.8% | $11.2M-45.3% | $20.4M-5.6% | $21.7M+4.2% | $20.8M-6.2% | $22.2M | N/A |
| Cash & Equivalents | $13.8M-8.8% | $15.1M+5.4% | $14.4M-69.7% | $47.3M-11.2% | $53.3M+1033.9% | $4.7M+624.0% | $649K+1.5% | $640K+11.1% | $575K+114.6% | $268K-85.6% | $1.9M-37.5% | $3.0M+48.1% | $2.0M+251.4% | $571K+3.5% | $552K |
| Inventory | $188K+20.8% | $155K-82.2% | $873K+50.2% | $581K+3.0% | $564K+100.9% | $281K+51.8% | $185K-81.9% | $1.0M+163.3% | $388K-59.2% | $950K-46.7% | $1.8M-23.5% | $2.3M+8.6% | $2.1M-44.2% | $3.8M | N/A |
| Accounts Receivable | $5.0M-5.9% | $5.3M+40.4% | $3.8M+12.3% | $3.4M-18.4% | $4.1M-39.4% | $6.8M-31.6% | $10.0M+172.4% | $3.7M-37.0% | $5.8M+1.5% | $5.7M-33.1% | $8.6M | N/A | N/A | $9.8M | N/A |
| Goodwill | N/A | N/A | N/A | $706K-34.8% | $1.1M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $10.0M+18.3% | $8.5M-33.8% | $12.8M+10.7% | $11.5M-73.3% | $43.2M+314.0% | $10.4M+42.5% | $7.3M+38.7% | $5.3M-5.7% | $5.6M-2.4% | $5.7M-42.1% | $9.9M+4.1% | $9.5M+25.9% | $7.6M-27.6% | $10.4M | N/A |
| Current Liabilities | $8.5M+29.4% | $6.5M-22.4% | $8.4M+6.6% | $7.9M-33.3% | $11.8M+28.4% | $9.2M+50.4% | $6.1M+56.1% | $3.9M-9.6% | $4.3M-3.3% | $4.5M-47.5% | $8.6M+4.6% | $8.2M+8.2% | $7.6M-27.6% | $10.4M | N/A |
| Total Equity | $65.3M-5.6% | $69.2M+11.6% | $61.9M-1.4% | $62.8M+37.4% | $45.7M+193.6% | $15.6M+11.8% | $13.9M+21.3% | $11.5M+134.1% | $4.9M-21.2% | $6.2M-48.8% | $12.2M-22.0% | $15.6M+18.4% | $13.2M+4.6% | $12.6M-11.4% | $14.2M |
| Retained Earnings | -$36.7M-21.1% | -$30.3M-29.0% | -$23.5M-41.5% | -$16.6M+48.1% | -$32.0M-23.1% | -$26.0M-8.5% | -$24.0M-13.9% | -$21.1M-49.7% | -$14.1M-46.3% | -$9.6M | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Long-Term Debt.
RCON 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 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.7M+21.7% | -$6.0M+15.5% | -$7.1M-81.9% | -$3.9M+25.7% | -$5.3M-612.7% | -$740K+84.2% | -$4.7M-47.2% | -$3.2M-480.8% | $837K+2046.2% | -$43K+98.3% | -$2.5M-91.8% | -$1.3M-132.3% | $4.0M+215.6% | -$3.5M | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $227K+141.2% | $94K+245.5% | $27K-92.0% | $341K+339.6% | $78K-36.2% | $122K-8.4% | -$133K | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$3.4M-559.7% | $743K+1157.1% | -$70K+97.5% | -$2.8M-105.8% | -$1.4M-135.3% | $3.9M+207.9% | -$3.6M | N/A |
| Investing Cash Flow | $4.7M+1045.8% | $411K+101.2% | -$33.8M-68813.7% | -$49K+99.3% | -$7.2M-2316.5% | -$298K+84.9% | -$2.0M+18.5% | -$2.4M | N/A | N/A | N/A | N/A | -$346K-160.2% | -$133K | N/A |
| Financing Cash Flow | -$457K-107.4% | $6.2M-20.3% | $7.8M+620.8% | -$1.5M-102.4% | $61.0M+1197.8% | $4.7M+810.2% | $517K-95.6% | $11.6M | N/A | N/A | N/A | N/A | -$2.2M-162.0% | $3.6M | N/A |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
RCON Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.0%-7.3pp | 30.3%+2.2pp | 28.1%+4.9pp | 23.2%+8.1pp | 15.0%-14.8pp | 29.8%+0.6pp | 29.2%+24.3pp | 4.9%-21.7pp | 26.6%+9.6pp | 17.0%-2.7pp | 19.6%-15.1pp | 34.7%+2.0pp | 32.7%+0.6pp | 32.1% | N/A |
| Operating Margin | -86.5% | -104.0% | -103.3% | -98.3% | -128.4% | -30.7%-7.0pp | -23.7%+24.6pp | -48.3%+2.7pp | -51.0%+42.4pp | -93.4%-24.5pp | -69.0%-72.0pp | 3.0%+3.8pp | -0.7%+3.9pp | -4.7% | N/A |
| Net Margin | -64.3%+8.2pp | -72.4%+15.7pp | -88.2% | 114.1% | -47.6%-18.4pp | -29.3%-4.5pp | -24.8%+27.3pp | -52.0%+0.3pp | -52.4%+43.3pp | -95.7%-39.7pp | -56.0%-56.8pp | 0.9%+0.8pp | 0.1%+5.1pp | -5.1% | N/A |
| Return on Equity | -9.1%+0.8pp | -9.9%+3.3pp | -13.2%-35.9pp | 22.7%+30.5pp | -7.7%+9.8pp | -17.5%+9.0pp | -26.5%+31.5pp | -58.0%+36.6pp | -94.6%+4.2pp | -98.8%-59.9pp | -38.9%-39.8pp | 0.8%+0.8pp | 0.1%+4.9pp | -4.8%+27.1pp | -31.9% |
| Return on Assets | -8.1%+0.9pp | -9.0%+2.1pp | -11.1%-30.6pp | 19.5%+23.5pp | -4.0%+5.9pp | -9.9%+6.3pp | -16.2%+20.0pp | -36.2%+8.0pp | -44.2%+7.3pp | -51.5%-30.0pp | -21.5%-22.0pp | 0.5%+0.5pp | 0.0%+2.5pp | -2.5% | N/A |
| Current Ratio | 5.88-4.8x | 10.67+2.4x | 8.26-0.2x | 8.43+2.0x | 6.39+4.4x | 1.98-0.3x | 2.32-1.6x | 3.88+1.6x | 2.32-0.2x | 2.49+0.1x | 2.39-0.3x | 2.65-0.1x | 2.75+0.6x | 2.13 | N/A |
| Debt-to-Equity | 0.150.0x | 0.12-0.1x | 0.210.0x | 0.18-0.8x | 0.95+0.3x | 0.67+0.1x | 0.53+0.1x | 0.46-0.7x | 1.14+0.2x | 0.92+0.1x | 0.81+0.2x | 0.610.0x | 0.57-0.3x | 0.83 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -26.7%-35.1pp | 8.4%+9.5pp | -1.1%+32.3pp | -33.4%-24.3pp | -9.0%-40.4pp | 31.3%+61.4pp | -30.1% | N/A |
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: Operating Margin, Net Margin.
Similar Companies
Where Recon Technology Ltd Ranks
Frequently Asked Questions
What is Recon Technology Ltd's annual revenue?
Recon Technology Ltd (RCON) reported $9.3M in total revenue for fiscal year 2025. This represents a -2.3% 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 Recon Technology Ltd's revenue growing?
Recon Technology Ltd (RCON) revenue declined by 2.3% year-over-year, from $9.5M to $9.3M in fiscal year 2025.
Is Recon Technology Ltd profitable?
No, Recon Technology Ltd (RCON) reported a net income of -$5.9M in fiscal year 2025, with a net profit margin of -64.3%.
What is Recon Technology Ltd's EBITDA?
Recon Technology Ltd (RCON) had EBITDA of -$7.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Recon Technology Ltd's gross margin?
Recon Technology Ltd (RCON) had a gross margin of 23.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Recon Technology Ltd's operating margin?
Recon Technology Ltd (RCON) had an operating margin of -86.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Recon Technology Ltd's net profit margin?
Recon Technology Ltd (RCON) had a net profit margin of -64.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Recon Technology Ltd's return on equity (ROE)?
Recon Technology Ltd (RCON) has a return on equity of -9.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Recon Technology Ltd's operating cash flow?
Recon Technology Ltd (RCON) recorded an outflow of $4.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Recon Technology Ltd's total assets?
Recon Technology Ltd (RCON) had $73.4M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Recon Technology Ltd spend on research and development?
Recon Technology Ltd (RCON) invested $2.3M in research and development during fiscal year 2025.
What is Recon Technology Ltd's current ratio?
Recon Technology Ltd (RCON) had a current ratio of 5.88 as of fiscal year 2025, which is generally considered healthy.
What is Recon Technology Ltd's debt-to-equity ratio?
Recon Technology Ltd (RCON) had a debt-to-equity ratio of 0.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Recon Technology Ltd's return on assets (ROA)?
Recon Technology Ltd (RCON) had a return on assets of -8.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Recon Technology Ltd's cash runway?
Based on fiscal year 2025 data, Recon Technology Ltd (RCON) had $13.8M in cash against an annual operating cash burn of $4.7M. This gives an estimated cash runway of approximately 35 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 Recon Technology Ltd's Altman Z-Score?
Recon Technology Ltd (RCON) has an Altman Z-Score of -0.18, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Recon Technology Ltd's Piotroski F-Score?
Recon Technology Ltd (RCON) has a Piotroski F-Score of 3 out of 8 computable signals; 1 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 Recon Technology Ltd's earnings high quality?
Recon Technology Ltd (RCON) reported a net loss of $5.9M while operations used $4.7M 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.
Can Recon Technology Ltd cover its interest payments?
Recon Technology Ltd (RCON) reported an operating loss of $8.0M against $155K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.
How financially healthy is Recon Technology Ltd?
Recon Technology Ltd (RCON) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.