Samsara Luggage Inc Financials

SAML

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2024 Currency USD FYE December

This page shows Samsara Luggage Inc (SAML) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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

2/9

Samsara Luggage Inc passes 2 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

1.58x

For every $1 of reported earnings, Samsara Luggage Inc generates $1.58 in operating cash flow (-$227K OCF vs -$144K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-2.2x

Samsara Luggage Inc earns $-2.2 in operating income for every $1 of interest expense (-$499K vs $227K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$361K

YoY-69.2%

5Y CAGR+126.9%

Samsara Luggage Inc generated $361K in revenue in fiscal year 2023. This represents a decrease of 69.2% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$144K

YoY+94.0%

Samsara Luggage Inc reported -$144K in net income in fiscal year 2023. This represents an increase of 94.0% from the prior year.

EPS (Diluted)

$0.00

YoY+100.0%

Samsara Luggage Inc earned $0.00 per diluted share (EPS) in fiscal year 2023. This represents an increase of 100.0% from the prior year.

Cash & Debt

$12K

YoY-92.9%

5Y CAGR-37.8%

10Y CAGR+28.6%

Samsara Luggage Inc held $12K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

12M

YoY+163.8%

Samsara Luggage Inc had 12M shares outstanding in fiscal year 2023. This represents an increase of 163.8% from the prior year.

Gross Margin

42.4%

YoY+12.6pp

5Y CAGR-24.3pp

Samsara Luggage Inc's gross margin was 42.4% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 12.6 percentage points from the prior year.

Operating Margin

-138.2%

YoY-21.0pp

5Y CAGR+24278.4pp

Samsara Luggage Inc's operating margin was -138.2% in fiscal year 2023, reflecting core business profitability. This is down 21.0 percentage points from the prior year.

Net Margin

-39.9%

YoY+165.6pp

5Y CAGR+26693.4pp

Samsara Luggage Inc's net profit margin was -39.9% in fiscal year 2023, showing the share of revenue converted to profit. This is up 165.6 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SAML Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Revenue	$361K-69.2%	$1.2M+239.4%	$345K-26.3%	$468K-27.9%	$649K+10716.7%	$6K
Cost of Revenue	$208K-74.7%	$822K	N/A	$285K-45.7%	$525K+26150.0%	$2K
Gross Profit	$153K-56.2%	$349K+571.2%	$52K-71.6%	$183K+47.6%	$124K+3000.0%	$4K
R&D Expenses	N/A	$178K-46.4%	$332K+49.5%	$222K+32.1%	$168K+23.5%	$136K
SG&A Expenses	$439K-50.8%	$893K-31.5%	$1.3M+20.1%	$1.1M-23.8%	$1.4M+22.6%	$1.2M
Operating Income	-$499K+63.7%	-$1.4M+30.0%	-$2.0M-35.0%	-$1.5M+23.8%	-$1.9M-30.2%	-$1.5M
Interest Expense	$227K+587.9%	$33K	N/A	N/A	$314K+125.9%	$139K
Income Tax	N/A	$0	$0	$0	$0	$0
Net Income	-$144K+94.0%	-$2.4M+37.0%	-$3.8M-234.8%	-$1.1M+63.7%	-$3.1M-95.9%	-$1.6M
EPS (Diluted)	$0.00+100.0%	$-0.84+71.7%	$-2.97	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q4'22	Q3'23	Q2'23	Q1'23	Q4'21
Revenue	$666K-28.3%	$929K-15.5%	$1.1M+38.6%	$793K+237.4%	$235K+109.8%	$112K+261.3%	$31K-39.2%	$51K
Cost of Revenue	$404K-34.8%	$620K-20.4%	$779K+45.6%	$535K+159.7%	$206K+237.7%	$61K+205.0%	$20K	N/A
Gross Profit	$262K-15.2%	$309K-3.4%	$320K+24.0%	$258K+789.7%	$29K-43.1%	$51K+363.6%	$11K+283.3%	-$6K
R&D Expenses	N/A	$5K	$0-100.0%	$66K0.0%	$66K+1000.0%	$6K-85.0%	$40K	N/A
SG&A Expenses	$1.1M+144.1%	$469K-61.9%	$1.2M+359.7%	$268K+52.3%	$176K-37.4%	$281K+67.3%	$168K-50.0%	$336K
Operating Income	-$883K-221.1%	-$275K+69.9%	-$914K-543.7%	-$142K+63.4%	-$388K+3.0%	-$400K+9.7%	-$443K+41.5%	-$757K
Interest Expense	$4K	$0-100.0%	$4K	N/A	N/A	N/A	$208K	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$920K-223.9%	-$284K+71.6%	-$1.0M-41.6%	-$706K-50.5%	-$469K+50.2%	-$942K-226.0%	-$289K+63.6%	-$793K
EPS (Diluted)	$0.00	$0.00	$0.00	$-0.150.0%	$-0.15+62.5%	$-0.40-185.7%	$-0.14	N/A

SAML Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Total Assets	$12K-96.5%	$345K-64.7%	$977K+354.4%	$215K-65.4%	$621K+68.3%	$369K
Current Assets	$12K-96.5%	$345K-64.6%	$974K+361.6%	$211K-65.7%	$616K+66.9%	$369K
Cash & Equivalents	$12K-92.9%	$168K-79.7%	$827K+1431.5%	$54K-88.7%	$477K+269.8%	$129K
Inventory	$0-100.0%	$155K+64.9%	$94K-38.6%	$153K+22.4%	$125K-31.7%	$183K
Accounts Receivable	$0-100.0%	$1K	N/A	$4K	N/A	N/A
Goodwill	$0	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.1M-14.1%	$2.5M+48.1%	$1.7M+48.6%	$1.1M-37.7%	$1.8M+175.1%	$658K
Current Liabilities	$2.1M-11.0%	$2.3M+38.5%	$1.7M+48.6%	$1.1M-37.7%	$1.8M+192.9%	$618K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.1M+0.8%	-$2.1M-206.0%	-$698K+23.5%	-$912K+23.3%	-$1.2M-311.4%	-$289K
Retained Earnings	-$12.7M-1.1%	-$12.6M-23.6%	-$10.2M-59.9%	-$6.4M-21.8%	-$5.2M-150.0%	-$2.1M

Metric	Q3'24	Q2'24	Q1'24	Q4'22	Q3'23	Q2'23	Q1'23	Q4'21
Total Assets	$13.5M-1.5%	$13.7M+7.9%	$12.7M+3589.6%	$345K+4.9%	$329K-28.5%	$460K-23.5%	$601K-38.5%	$977K
Current Assets	$3.8M-4.9%	$4.0M+21.5%	$3.3M+849.3%	$345K+5.8%	$326K-28.7%	$457K-23.6%	$598K-38.6%	$974K
Cash & Equivalents	$102K-41.0%	$173K+10.2%	$157K-6.5%	$168K+34.4%	$125K+23.8%	$101K-71.1%	$349K-57.8%	$827K
Inventory	$815K-3.8%	$847K-5.0%	$892K+475.5%	$155K-16.7%	$186K-46.2%	$346K+84.0%	$188K+100.0%	$94K
Accounts Receivable	$852K-2.1%	$870K-23.3%	$1.1M+113300.0%	$1K	N/A	N/A	N/A	N/A
Goodwill	$9.0M0.0%	$9.0M+2645.6%	$327K	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.5M+0.8%	$5.4M-13.2%	$6.3M+152.7%	$2.5M+23.1%	$2.0M+10.5%	$1.8M+34.6%	$1.4M-19.0%	$1.7M
Current Liabilities	$5.3M+0.9%	$5.3M-2.8%	$5.4M+133.1%	$2.3M+27.3%	$1.8M+7.4%	$1.7M+25.1%	$1.4M-19.0%	$1.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$8.0M-3.0%	$8.3M+28.4%	$6.5M+402.4%	-$2.1M-26.6%	-$1.7M-23.6%	-$1.4M-80.8%	-$755K-8.2%	-$698K
Retained Earnings	-$14.7M-6.7%	-$13.8M-0.2%	-$13.7M-9.1%	-$12.6M-5.9%	-$11.9M-4.1%	-$11.4M-9.0%	-$10.5M-2.8%	-$10.2M

SAML Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Operating Cash Flow	-$227K+74.9%	-$904K-6.5%	-$849K-38.3%	-$614K+44.2%	-$1.1M-197.3%	-$370K
Capital Expenditures	N/A	N/A	N/A	N/A	$6K+346.8%	$1K
Free Cash Flow	N/A	N/A	N/A	N/A	-$1.1M-197.8%	-$371K
Investing Cash Flow	N/A	N/A	N/A	N/A	-$6K+83.9%	-$37K
Financing Cash Flow	$71K-71.0%	$245K-84.9%	$1.6M+749.2%	$191K-86.9%	$1.5M+262.6%	$401K
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	Q3'24	Q2'24	Q1'24	Q4'22	Q3'23	Q2'23	Q1'23	Q4'21
Operating Cash Flow	-$723K-839.0%	-$77K-146.7%	$165K+1070.6%	-$17K+46.9%	-$32K+91.5%	-$377K+21.1%	-$478K-66.6%	-$287K
Capital Expenditures	N/A	N/A	$795K	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	-$630K	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$1K+99.6%	-$260K+97.3%	-$9.5M	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$653K+85.0%	$353K-96.3%	$9.5M+15738.3%	$60K+7.1%	$56K	N/A	N/A	$444K
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

SAML Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY18
Gross Margin	42.4%+12.6pp	29.8%+14.7pp	15.1%-24.0pp	39.1%+20.0pp	19.1%-47.6pp	66.7%
Operating Margin	-138.2%-21.0pp	-117.3%+451.2pp	-568.4%-257.9pp	-310.5%-16.6pp	-293.8%+24122.8pp	-24416.7%
Net Margin	-39.9%+165.6pp	-205.5%+900.9pp	-1106.4%-862.8pp	-243.6%+240.5pp	-484.1%+26249.2pp	-26733.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1200.0%-502.6pp	-697.4%-306.7pp	-390.7%+139.5pp	-530.2%-24.3pp	-506.0%-71.3pp	-434.7%
Current Ratio	0.01-0.1	0.15-0.4	0.58+0.4	0.19-0.2	0.34-0.3	0.60
Debt-to-Equity	-1.01+0.2	-1.16+1.2	-2.40-1.2	-1.24+0.3	-1.52+0.8	-2.28
FCF Margin	N/A	N/A	N/A	N/A	-170.4%+6018.6pp	-6189.1%

Metric	Q3'24	Q2'24	Q1'24	Q4'22	Q3'23	Q2'23	Q1'23	Q4'21
Gross Margin	39.3%+6.1pp	33.3%+4.1pp	29.1%-3.4pp	32.5%+20.2pp	12.3%-33.2pp	45.5%+10.1pp	35.5%+47.2pp	-11.8%
Operating Margin	-132.6%-103.0pp	-29.6%+53.6pp	-83.2%-65.3pp	-17.9%+147.2pp	-165.1%+192.0pp	-357.1%+1071.9pp	-1429.0%+55.3pp	-1484.3%
Net Margin	-138.1%-107.6pp	-30.6%+60.4pp	-91.0%-2.0pp	-89.0%+110.5pp	-199.6%+641.5pp	-841.1%+91.2pp	-932.3%+622.6pp	-1554.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-6.8%-4.7pp	-2.1%+5.8pp	-7.9%+196.8pp	-204.6%-62.1pp	-142.6%+62.2pp	-204.8%-156.7pp	-48.1%+33.1pp	-81.2%
Current Ratio	0.71-0.0	0.76+0.2	0.61+0.5	0.15-0.0	0.18-0.1	0.27-0.2	0.44-0.1	0.58
Debt-to-Equity	0.68+0.0	0.66-0.3	0.97+2.1	-1.16+0.0	-1.20+0.1	-1.34+0.5	-1.80+0.6	-2.40
FCF Margin	N/A	N/A	-57.3%	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$2.1M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Samsara Luggage Inc's annual revenue?

Samsara Luggage Inc (SAML) reported $361K in total revenue for fiscal year 2023. This represents a -69.2% 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 Samsara Luggage Inc's revenue growing?

Samsara Luggage Inc (SAML) revenue declined by 69.2% year-over-year, from $1.2M to $361K in fiscal year 2023.

Is Samsara Luggage Inc profitable?

No, Samsara Luggage Inc (SAML) reported a net income of -$144K in fiscal year 2023, with a net profit margin of -39.9%.

What is Samsara Luggage Inc's earnings per share (EPS)?

Samsara Luggage Inc (SAML) reported diluted earnings per share of $0.00 for fiscal year 2023. This represents a 100.0% change compared to the previous fiscal year. 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 Samsara Luggage Inc's gross margin?

Samsara Luggage Inc (SAML) had a gross margin of 42.4% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Samsara Luggage Inc's operating margin?

Samsara Luggage Inc (SAML) had an operating margin of -138.2% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Samsara Luggage Inc's net profit margin?

Samsara Luggage Inc (SAML) had a net profit margin of -39.9% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Samsara Luggage Inc's operating cash flow?

Samsara Luggage Inc (SAML) generated -$227K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Samsara Luggage Inc's total assets?

Samsara Luggage Inc (SAML) had $12K in total assets as of fiscal year 2023, including both current and long-term assets.

How many shares does Samsara Luggage Inc have outstanding?

Samsara Luggage Inc (SAML) had 12M shares outstanding as of fiscal year 2023.

What is Samsara Luggage Inc's current ratio?

Samsara Luggage Inc (SAML) had a current ratio of 0.01 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is Samsara Luggage Inc's debt-to-equity ratio?

Samsara Luggage Inc (SAML) had a debt-to-equity ratio of -1.01 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Samsara Luggage Inc's return on assets (ROA)?

Samsara Luggage Inc (SAML) had a return on assets of -1200.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Samsara Luggage Inc's cash runway?

Based on fiscal year 2023 data, Samsara Luggage Inc (SAML) had $12K in cash against an annual operating cash burn of $227K. 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 Samsara Luggage Inc's debt-to-equity ratio negative or unusual?

Samsara Luggage Inc (SAML) has negative shareholder equity of -$2.1M 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 Samsara Luggage Inc's Piotroski F-Score?

Samsara Luggage Inc (SAML) has a Piotroski F-Score of 2 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 Samsara Luggage Inc's earnings high quality?

Samsara Luggage Inc (SAML) has an earnings quality ratio of 1.58x, 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 Samsara Luggage Inc cover its interest payments?

Samsara Luggage Inc (SAML) has an interest coverage ratio of -2.2x, 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.