Ricebran Technologies Financials
This page shows Ricebran Technologies (RIBT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Ricebran Technologies has an operating margin of -34.9%, meaning the company retains $-35 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -23.1% the prior year.
Ricebran Technologies's revenue declined 15% year-over-year, from $26.6M to $22.6M. This contraction results in a growth score of 0/100.
Ricebran Technologies's current ratio of 0.54 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 1/100, which could limit financial flexibility.
While Ricebran Technologies generated -$2.4M in operating cash flow, capex of $689K consumed most of it, leaving -$3.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Ricebran Technologies 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.
For every $1 of reported earnings, Ricebran Technologies generates $0.14 in operating cash flow (-$2.4M OCF vs -$17.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Ricebran Technologies earns $-11.8 in operating income for every $1 of interest expense (-$7.9M vs $672K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Ricebran Technologies generated $22.6M in revenue in fiscal year 2023. This represents a decrease of 15.0% from the prior year.
Ricebran Technologies's EBITDA was -$6.8M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 31.3% from the prior year.
Ricebran Technologies generated -$3.1M in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 25.3% from the prior year.
Ricebran Technologies reported -$17.6M in net income in fiscal year 2023. This represents a decrease of 123.5% from the prior year.
Ricebran Technologies held $1.1M in cash against $3.0M in long-term debt as of fiscal year 2023.
Ricebran Technologies had 10M shares outstanding in fiscal year 2023. This represents an increase of 50.8% from the prior year.
Ricebran Technologies's gross margin was -1.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 1.0 percentage points from the prior year.
Ricebran Technologies's operating margin was -34.9% in fiscal year 2023, reflecting core business profitability. This is down 11.8 percentage points from the prior year.
Ricebran Technologies's net profit margin was -77.5% in fiscal year 2023, showing the share of revenue converted to profit. This is down 48.0 percentage points from the prior year.
Ricebran Technologies invested $689K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 206.2% from the prior year.
RIBT Income Statement
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'22 | Q1'23 | Q4'21 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.1M-56.4% | $4.9M-22.5% | $6.3M+118.4% | $2.9M-72.8% | $10.6M+31.3% | $8.0M+16.4% | $6.9M-8.8% | $7.6M |
| Cost of Revenue | $1.7M-69.0% | $5.3M-14.5% | $6.2M+96.1% | $3.2M-68.3% | $10.1M+23.4% | $8.2M+13.4% | $7.2M-3.2% | $7.4M |
| Gross Profit | $463K+196.5% | -$480K-2100.0% | $24K+107.6% | -$314K-162.5% | $502K+569.2% | -$107K+61.2% | -$276K-280.4% | $153K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.7M+32.6% | $1.3M-24.0% | $1.6M+56.0% | $1.1M-37.7% | $1.7M+5.0% | $1.6M-10.6% | $1.8M-6.8% | $1.9M |
| Operating Income | -$1.2M+30.9% | -$1.7M-6.8% | -$1.6M-18.4% | -$1.4M-15.0% | -$1.2M+78.9% | -$5.6M-171.3% | -$2.1M-16.8% | -$1.8M |
| Interest Expense | $245K+99.2% | $123K-29.3% | $174K+8.8% | $160K+27.0% | $126K+14.5% | $110K-9.1% | $121K+0.8% | $120K |
| Income Tax | $0 | $0-100.0% | $5K+600.0% | -$1K | $0-100.0% | $20K | $0 | $0 |
| Net Income | -$1.9M-4.3% | -$1.8M+82.8% | -$10.3M-515.3% | -$1.7M-10.8% | -$1.5M+71.9% | -$5.4M-144.2% | -$2.2M-15.1% | -$1.9M |
| EPS (Diluted) | $-0.31+18.4% | $-0.38+75.3% | $-1.54-516.0% | $-0.25+13.8% | $-0.29 | $-1.37 | $-0.47-1075.0% | $-0.04 |
RIBT Balance Sheet
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'22 | Q1'23 | Q4'21 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.1M-51.2% | $10.3M-9.0% | $11.4M-58.6% | $27.4M-12.5% | $31.3M+0.1% | $31.3M-9.9% | $34.7M+6.4% | $32.7M |
| Current Assets | $2.8M-31.4% | $4.1M-14.3% | $4.8M-56.6% | $11.1M-20.6% | $13.9M+5.4% | $13.2M+6.9% | $12.4M+20.6% | $10.2M |
| Cash & Equivalents | $448K-3.9% | $466K+54.3% | $302K-92.3% | $3.9M-32.8% | $5.9M+0.7% | $5.8M-5.9% | $6.2M+54.3% | $4.0M |
| Inventory | $417K-18.9% | $514K+10.3% | $466K+0.2% | $465K-81.3% | $2.5M+1.6% | $2.4M+12.5% | $2.2M+18.4% | $1.8M |
| Accounts Receivable | $1.5M-42.7% | $2.6M-22.2% | $3.4M-9.0% | $3.7M-20.0% | $4.6M+11.9% | $4.1M+46.4% | $2.8M+10.5% | $2.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $3.9M0.0% | $3.9M |
| Total Liabilities | $9.7M-12.5% | $11.1M+6.2% | $10.5M-27.8% | $14.5M+2.9% | $14.1M+10.2% | $12.8M+15.2% | $11.1M+12.9% | $9.9M |
| Current Liabilities | $6.2M-38.4% | $10.0M+6.2% | $9.5M-16.1% | $11.3M+4.6% | $10.8M+17.7% | $9.2M+10.3% | $8.3M+9.5% | $7.6M |
| Long-Term Debt | $3.2M+428.0% | $603K+32.8% | $454K-45.7% | $836K-19.2% | $1.0M-23.7% | $1.4M+2785.1% | $47K-4.1% | $49K |
| Total Equity | -$4.7M-503.6% | -$784K-188.9% | $882K-93.2% | $12.9M-25.1% | $17.2M-6.9% | $18.5M-21.7% | $23.6M+3.5% | $22.8M |
| Retained Earnings | -$335.1M-1.6% | -$329.9M-0.5% | -$328.1M-3.9% | -$315.7M-2.0% | -$309.4M-0.5% | -$307.9M-1.8% | -$302.5M-0.7% | -$300.2M |
RIBT Cash Flow Statement
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'22 | Q1'23 | Q4'21 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.4M-348.7% | $563K+137.7% | -$1.5M-811.0% | -$164K-186.3% | $190K+108.6% | -$2.2M-288.9% | -$569K+59.8% | -$1.4M |
| Capital Expenditures | $78K-73.5% | $294K+111.5% | $139K+151.7% | -$269K-271.3% | $157K-37.9% | $253K-60.9% | $647K+200.9% | $215K |
| Free Cash Flow | -$1.5M-649.4% | $269K+116.5% | -$1.6M-277.1% | -$433K-1412.1% | $33K+101.3% | -$2.5M-102.8% | -$1.2M+25.4% | -$1.6M |
| Investing Cash Flow | $2.1M+804.8% | -$294K-118.5% | $1.6M+623.6% | $220K+558.3% | -$48K+80.7% | -$249K+8.5% | -$272K-666.7% | $48K |
| Financing Cash Flow | -$1.4M-1198.1% | -$105K+96.7% | -$3.2M-556.0% | -$489K-393.9% | -$99K-104.7% | $2.1M-30.5% | $3.0M+7463.4% | -$41K |
| 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 |
RIBT Financial Ratios
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'22 | Q1'23 | Q4'21 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.9%+31.8pp | -9.9%-10.3pp | 0.4%+11.3pp | -10.9%-15.7pp | 4.8%+6.1pp | -1.3%+2.7pp | -4.0%-6.0pp | 2.0% |
| Operating Margin | -56.5%-20.8pp | -35.6%-9.8pp | -25.8%+21.8pp | -47.7%-36.4pp | -11.3%+58.8pp | -70.0%-40.0pp | -30.1%-6.6pp | -23.5% |
| Net Margin | -87.8%-51.1pp | -36.7%+128.1pp | -164.8%-106.3pp | -58.5%-44.1pp | -14.4%+52.8pp | -67.2%-35.2pp | -32.0%-6.6pp | -25.4% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -36.8%-19.5pp | -17.2%+73.7pp | -90.9%-84.8pp | -6.1%-1.3pp | -4.8%+12.4pp | -17.3%-10.9pp | -6.4%-0.5pp | -5.9% |
| Current Ratio | 0.46+0.0 | 0.41-0.1 | 0.51-0.5 | 0.98-0.3 | 1.29-0.2 | 1.44-0.0 | 1.49+0.1 | 1.35 |
| Debt-to-Equity | -0.67+0.1 | -0.77-1.3 | 0.51+0.4 | 0.060.0 | 0.06-0.0 | 0.07+0.1 | 0.000.0 | 0.00 |
| FCF Margin | -69.8%-75.4pp | 5.5%+31.6pp | -26.1%-11.0pp | -15.1%-15.4pp | 0.3%+31.0pp | -30.7%-13.1pp | -17.6%+3.9pp | -21.5% |
Note: Shareholder equity is negative (-$3.0M), 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 (0.54), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Ricebran Technologies's annual revenue?
Ricebran Technologies (RIBT) reported $22.6M in total revenue for fiscal year 2023. This represents a -15.0% 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 Ricebran Technologies's revenue growing?
Ricebran Technologies (RIBT) revenue declined by 15% year-over-year, from $26.6M to $22.6M in fiscal year 2023.
Is Ricebran Technologies profitable?
No, Ricebran Technologies (RIBT) reported a net income of -$17.6M in fiscal year 2023, with a net profit margin of -77.5%.
What is Ricebran Technologies's EBITDA?
Ricebran Technologies (RIBT) had EBITDA of -$6.8M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Ricebran Technologies have?
As of fiscal year 2023, Ricebran Technologies (RIBT) had $1.1M in cash and equivalents against $3.0M in long-term debt.
What is Ricebran Technologies's gross margin?
Ricebran Technologies (RIBT) had a gross margin of -1.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Ricebran Technologies's operating margin?
Ricebran Technologies (RIBT) had an operating margin of -34.9% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Ricebran Technologies's net profit margin?
Ricebran Technologies (RIBT) had a net profit margin of -77.5% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Ricebran Technologies's free cash flow?
Ricebran Technologies (RIBT) generated -$3.1M in free cash flow during fiscal year 2023. This represents a 25.3% 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 Ricebran Technologies's operating cash flow?
Ricebran Technologies (RIBT) generated -$2.4M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Ricebran Technologies's total assets?
Ricebran Technologies (RIBT) had $9.3M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Ricebran Technologies's capital expenditures?
Ricebran Technologies (RIBT) invested $689K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How many shares does Ricebran Technologies have outstanding?
Ricebran Technologies (RIBT) had 10M shares outstanding as of fiscal year 2023.
What is Ricebran Technologies's current ratio?
Ricebran Technologies (RIBT) had a current ratio of 0.54 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Ricebran Technologies's debt-to-equity ratio?
Ricebran Technologies (RIBT) had a debt-to-equity ratio of -0.99 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ricebran Technologies's return on assets (ROA)?
Ricebran Technologies (RIBT) had a return on assets of -188.4% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Ricebran Technologies's cash runway?
Based on fiscal year 2023 data, Ricebran Technologies (RIBT) had $1.1M in cash against an annual operating cash burn of $2.4M. This gives an estimated cash runway of approximately 6 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 Ricebran Technologies's debt-to-equity ratio negative or unusual?
Ricebran Technologies (RIBT) has negative shareholder equity of -$3.0M as of fiscal year 2023, 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 Ricebran Technologies's Piotroski F-Score?
Ricebran Technologies (RIBT) 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 Ricebran Technologies's earnings high quality?
Ricebran Technologies (RIBT) has an earnings quality ratio of 0.14x, 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 Ricebran Technologies cover its interest payments?
Ricebran Technologies (RIBT) has an interest coverage ratio of -11.8x, 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.
How financially healthy is Ricebran Technologies?
Ricebran Technologies (RIBT) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.