Scientific Energy Inc Utah Financials

SCGY

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Scientific Energy Inc Utah (SCGY) financial statements, including the 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).

Rhea AI SCGY FY2024 2026-04-22

Revenue scaled faster than the balance sheet, but tight near-term liquidity suggests growth is being financed rather than retained as a durable cash cushion.

FY2024 revenue was 76.2% above FY2023 even though total assets were 32.2% lower, pointing to higher asset turnover rather than balance-sheet expansion. Because the current ratio stayed below 1.0x and liabilities reached $24.3M, the company appears to be turning assets faster while relying more on short-term balance-sheet support than surplus liquidity.

Goodwill-heavy equity matters because acquisition-related assets do not fund near-term obligations: FY2024 goodwill of $36.4M was larger than reported equity of $33.4M. With current assets at $16.4M versus current liabilities of $23.7M, the tangible balance-sheet buffer is much thinner than the net-worth figure alone suggests.

Earnings quality lagged the income statement. In FY2023, net income was $2.1M but operating cash flow was -$657K, so the move into profit was not yet self-funding and helps explain why stronger FY2024 sales still sit alongside a balance sheet funded more by obligations than by accumulated liquidity on hand.

Financial Health Signals

Financial Profile 36/100

Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Scientific Energy Inc Utah'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.

Growth

Scientific Energy Inc Utah's revenue surged 76.2% year-over-year to $68.6M, reflecting rapid business expansion. This strong growth earns a score of 75/100.

Leverage

Scientific Energy Inc Utah carries a low D/E ratio of 0.73, meaning only $0.73 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 87/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Scientific Energy Inc Utah's current ratio of 0.69 is below the typical benchmark, resulting in a score of 8/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Key Financial Metrics

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Earnings & Revenue

Revenue

$68.6M

YoY+76.2%

Scientific Energy Inc Utah generated $68.6M in revenue in fiscal year 2024. This represents an increase of 76.2% from the prior year.

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$4.9M

YoY+55.3%

5Y CAGR+125.3%

10Y CAGR+18.0%

Scientific Energy Inc Utah held $4.9M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

263M

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+10.7%

Scientific Energy Inc Utah had 263M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SCGY Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$68.6M+76.2%	$39.0M-11.7%	$44.1M+338.9%	$10.0M	$0	$0
Cost of Revenue	N/A	$21.1M-31.7%	$30.9M+303.2%	$7.7M	$0	$0
Gross Profit	N/A	$17.9M+35.2%	$13.2M+453.8%	$2.4M	$0	$0
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$15.9M-6.0%	$16.9M+414.8%	$3.3M	N/A	$523K
Operating Income	N/A	$1.9M+149.3%	-$3.8M-300.8%	-$959K	N/A	-$524K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$8K-11.6%	$9K	$0	$0	$0	$0
Net Income	N/A	$2.1M+155.4%	-$3.8M-289.2%	-$968K	N/A	-$544K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$22.0M-8.6%	$24.1M+24.7%	$19.3M+6.8%	$18.1M-6.7%	$19.4M-6.7%	$20.8M+99.7%	$10.4M+0.8%	$10.3M
Cost of Revenue	$14.4M-16.8%	$17.3M+34.2%	$12.9M	N/A	$12.9M-15.5%	$15.2M+157.8%	$5.9M+11.8%	$5.3M
Gross Profit	$7.6M+12.4%	$6.8M+5.6%	$6.4M	N/A	$6.5M+17.4%	$5.5M+23.3%	$4.5M-10.7%	$5.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.3M+10.1%	$6.6M+7.0%	$6.2M	N/A	$4.8M+2.3%	$4.7M+5.5%	$4.4M-9.4%	$4.9M
Operating Income	$239K+208.4%	$77K-48.6%	$151K	N/A	$1.7M+102.5%	$821K+6605.7%	$12K-92.4%	$161K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$5K	$0	$0-100.0%	$7K+814.2%	$766	$0	$0-100.0%	$50
Net Income	$460K+68.9%	$272K-19.7%	$340K	N/A	$1.8M+68.7%	$1.1M+4355.0%	$25K-94.0%	$412K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SCGY Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$55.6M-32.2%	$81.9M+0.9%	$81.2M-3.2%	$83.9M+103642.7%	$81K-34.4%	$123K
Current Assets	$16.4M+125.6%	$7.3M-3.7%	$7.6M-22.8%	$9.8M+67611.0%	$14K-83.5%	$87K
Cash & Equivalents	$4.9M+55.3%	$3.2M+18.2%	$2.7M-45.6%	$4.9M+33908.7%	$14K-82.9%	$85K
Inventory	$162K+139.4%	$68K-37.6%	$108K-57.6%	$255K	$0	N/A
Accounts Receivable	$5.3M+297.9%	$1.3M+26.1%	$1.1M+26.0%	$843K	$0	N/A
Goodwill	$36.4M-2.6%	$37.3M-47.9%	$71.7M0.0%	$71.7M	$0	N/A
Total Liabilities	$24.3M+82.5%	$13.3M-6.4%	$14.3M+7.4%	$13.3M+432.8%	$2.5M+20.1%	$2.1M
Current Liabilities	$23.7M+78.7%	$13.3M-0.7%	$13.4M+6.1%	$12.6M+406.0%	$2.5M+20.1%	$2.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$0
Total Equity	$33.4M-51.7%	$69.2M+3.1%	$67.1M-5.1%	$70.7M+3034.3%	-$2.4M-23.6%	-$2.0M
Retained Earnings	-$47.7M-299.6%	-$11.9M+14.9%	-$14.0M-36.7%	-$10.3M-10.4%	-$9.3M-5.2%	-$8.8M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$60.6M+4.3%	$58.1M+5.9%	$54.8M-1.4%	$55.6M-40.1%	$92.7M+5.6%	$87.8M+5.8%	$83.0M+1.3%	$81.9M
Current Assets	$21.7M+12.8%	$19.2M+22.0%	$15.8M-4.1%	$16.4M-8.3%	$17.9M+37.7%	$13.0M+55.0%	$8.4M+15.2%	$7.3M
Cash & Equivalents	$5.8M-11.0%	$6.5M+14.3%	$5.7M+15.9%	$4.9M-27.7%	$6.8M+128.0%	$3.0M+3.6%	$2.9M-9.1%	$3.2M
Inventory	$253K+25.9%	$201K-28.4%	$281K+73.7%	$162K+44.2%	$112K+81.1%	$62K-30.1%	$89K+31.1%	$68K
Accounts Receivable	$10.0M+1.1%	$9.9M+61.8%	$6.1M+15.2%	$5.3M-8.0%	$5.8M-21.1%	$7.3M+241.2%	$2.1M+60.6%	$1.3M
Goodwill	$36.4M0.0%	$36.4M0.0%	$36.4M0.0%	$36.4M-49.9%	$72.7M0.0%	$72.7M0.0%	$72.7M+94.6%	$37.3M
Total Liabilities	$28.8M+8.2%	$26.6M+13.5%	$23.5M-3.7%	$24.3M+12.2%	$21.7M+17.7%	$18.4M+27.9%	$14.4M+8.0%	$13.3M
Current Liabilities	$28.5M+8.7%	$26.2M+14.3%	$22.9M-3.3%	$23.7M+10.4%	$21.5M+18.2%	$18.2M+26.9%	$14.3M+8.0%	$13.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$34.4M+1.2%	$34.0M+0.8%	$33.7M+1.0%	$33.4M-53.7%	$72.1M+2.6%	$70.3M+1.6%	$69.2M0.0%	$69.2M
Retained Earnings	-$46.7M+1.0%	-$47.1M+0.6%	-$47.4M+0.7%	-$47.7M-431.6%	-$9.0M+17.1%	-$10.8M+9.2%	-$11.9M+0.2%	-$11.9M

SCGY Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	N/A	-$657K+80.7%	-$3.4M+29.3%	-$4.8M	N/A	-$521K
Capital Expenditures	N/A	$178K+245.2%	$52K+129.5%	$22K	$0-100.0%	$1K
Free Cash Flow	N/A	-$835K+75.8%	-$3.4M+28.5%	-$4.8M	N/A	-$522K
Investing Cash Flow	N/A	$460K+51.7%	$303K+117.3%	-$1.8M	$0+100.0%	-$14K
Financing Cash Flow	N/A	$1.3M+5092.5%	$24K-99.8%	$11.7M+3000.8%	$376K-17.0%	$453K
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	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$463K-140.8%	$1.1M-23.9%	$1.5M	N/A	$3.4M+245.7%	$986K+305.3%	-$480K+23.8%	-$630K
Capital Expenditures	$96K+2362.6%	$4K-88.2%	$33K	N/A	$52K+188.6%	$18K-56.4%	$42K-72.2%	$150K
Free Cash Flow	-$559K-149.4%	$1.1M-22.5%	$1.5M	N/A	$3.4M+246.8%	$968K+285.5%	-$522K+33.1%	-$780K
Investing Cash Flow	-$169K+8.2%	-$184K-166.6%	-$69K	N/A	-$377K-13.0%	-$333K-202.1%	$326K-44.7%	$590K
Financing Cash Flow	-$55K+59.7%	-$137K+78.5%	-$640K	N/A	$762K+217.0%	-$651K-3398.9%	-$19K-103.0%	$620K
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

SCGY Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	45.9%+15.9pp	29.9%+6.2pp	23.7%	N/A	N/A
Operating Margin	N/A	4.9%+13.6pp	-8.7%+0.8pp	-9.5%	N/A	N/A
Net Margin	N/A	5.4%+13.9pp	-8.5%+1.1pp	-9.6%	N/A	N/A
Return on Equity	N/A	3.0%+8.6pp	-5.6%-4.2pp	-1.4%	N/A	N/A
Return on Assets	N/A	2.5%+7.2pp	-4.6%-3.5pp	-1.1%	N/A	-441.6%
Current Ratio	0.69+0.1	0.55-0.0	0.57-0.2	0.78+0.8	0.01-0.0	0.04
Debt-to-Equity	0.73+0.5	0.19-0.0	0.21+0.0	0.19+1.2	-1.03-1.0	0.00
FCF Margin	N/A	-2.1%+5.7pp	-7.8%+40.2pp	-48.0%	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	34.7%+6.5pp	28.2%-5.1pp	33.3%	N/A	33.6%+6.9pp	26.7%-16.5pp	43.2%-5.6pp	48.8%
Operating Margin	1.1%+0.8pp	0.3%-0.5pp	0.8%	N/A	8.6%+4.6pp	4.0%+3.8pp	0.1%-1.4pp	1.6%
Net Margin	2.1%+1.0pp	1.1%-0.6pp	1.8%	N/A	9.5%+4.3pp	5.3%+5.0pp	0.2%-3.8pp	4.0%
Return on Equity	1.3%+0.5pp	0.8%-0.2pp	1.0%	N/A	2.6%+1.0pp	1.6%+1.5pp	0.0%-0.5pp	0.6%
Return on Assets	0.8%+0.3pp	0.5%-0.1pp	0.6%	N/A	2.0%+0.7pp	1.3%+1.2pp	0.0%-0.5pp	0.5%
Current Ratio	0.76+0.0	0.73+0.0	0.690.0	0.69-0.1	0.83+0.1	0.72+0.1	0.59+0.0	0.55
Debt-to-Equity	0.84+0.1	0.78+0.1	0.70-0.0	0.73+0.4	0.30+0.0	0.26+0.1	0.21+0.0	0.19
FCF Margin	-2.5%-7.2pp	4.7%-2.8pp	7.5%	N/A	17.3%+12.7pp	4.7%+9.7pp	-5.0%+2.6pp	-7.6%

Note: The current ratio is below 1.0 (0.69), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is Scientific Energy Inc Utah's annual revenue?

Scientific Energy Inc Utah (SCGY) reported $68.6M in total revenue for fiscal year 2024. This represents a 76.2% 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 Scientific Energy Inc Utah's revenue growing?

Scientific Energy Inc Utah (SCGY) revenue grew by 76.2% year-over-year, from $39.0M to $68.6M in fiscal year 2024.

What are Scientific Energy Inc Utah's total assets?

Scientific Energy Inc Utah (SCGY) had $55.6M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Scientific Energy Inc Utah have outstanding?

Scientific Energy Inc Utah (SCGY) had 263M shares outstanding as of fiscal year 2024.

What is Scientific Energy Inc Utah's current ratio?

Scientific Energy Inc Utah (SCGY) had a current ratio of 0.69 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Scientific Energy Inc Utah's debt-to-equity ratio?

Scientific Energy Inc Utah (SCGY) had a debt-to-equity ratio of 0.73 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

How financially healthy is Scientific Energy Inc Utah?

Scientific Energy Inc Utah (SCGY) scores 36 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.