Sharing Economy Financials
This page shows Sharing Economy (SEII) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Tiny revenue relative to fixed overhead keeps the company externally financed, with sales growth still too small to change the model.
Across the last three valid annual periods, revenue expanded sharply, yet operating cash burn remained near-$1.5M to-$1.7M . Because SG&A still ran at$2.8M in the latest year, the core problem is not cash conversion from sales; it is that the sales base is still far below the cost structure it has to carry.
Reported gross margin stayed unusually high, reaching
Liquidity and solvency are carrying more of the story than revenue: the current ratio fell to 0.2x while equity stood at
Financial Health Signals
Based on FY2022 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 Sharing Economy'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.
Sharing Economy has an operating margin of -820.3%, meaning the company retains $-820 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 up from -1714.0% the prior year.
Sharing Economy's revenue surged 33.5% year-over-year to $317K, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Sharing Economy carries a low D/E ratio of -0.39, meaning only $-0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Sharing Economy's current ratio of 0.22 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Sharing Economy generated -$1.7M in operating cash flow, capex of $8K consumed most of it, leaving -$1.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Sharing Economy 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, Sharing Economy generates $0.40 in operating cash flow (-$1.7M OCF vs -$4.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Sharing Economy earns $-5.7 in operating income for every $1 of interest expense (-$2.6M vs $457K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Sharing Economy generated $317K in revenue in fiscal year 2022. This represents an increase of 33.5% from the prior year.
Sharing Economy's EBITDA was -$2.5M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.2% from the prior year.
Sharing Economy reported -$4.1M in net income in fiscal year 2022. This represents a decrease of 5.9% from the prior year.
Sharing Economy earned $-0.01 per diluted share (EPS) in fiscal year 2022. This represents an increase of 50.0% from the prior year.
Cash & Balance Sheet
Sharing Economy generated -$1.7M in free cash flow in fiscal year 2022, representing cash available after capex. This represents a decrease of 8.3% from the prior year.
Sharing Economy held $66K in cash against $5.4M in long-term debt as of fiscal year 2022.
Sharing Economy had 430M shares outstanding in fiscal year 2022. This represents an increase of 79.7% from the prior year.
Margins & Returns
Sharing Economy's gross margin was 100.0% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 22.7 percentage points from the prior year.
Sharing Economy's operating margin was -820.3% in fiscal year 2022, reflecting core business profitability. This is up 893.7 percentage points from the prior year.
Sharing Economy's net profit margin was -1297.6% in fiscal year 2022, showing the share of revenue converted to profit. This is up 337.7 percentage points from the prior year.
Capital Allocation
Sharing Economy invested $8K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 83.3% from the prior year.
SEII Income Statement
| Metric | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66K-5.8% | $70K-43.8% | $124K+118.0% | $57K0.0% | $57K+13.2% | $50K+19.8% | $42K-52.3% | $88K |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $66K-5.8% | $70K-43.8% | $124K+118.0% | $57K+1779.4% | $3K-94.0% | $50K+19.8% | $42K-52.3% | $88K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $281K-53.0% | $597K-58.4% | $1.4M+213.1% | $458K-69.5% | $1.5M+182.1% | $532K-66.7% | $1.6M+330.0% | $371K |
| Operating Income | -$251K+55.1% | -$558K+58.6% | -$1.3M-202.5% | -$446K+71.9% | -$1.6M-193.9% | -$539K+66.6% | -$1.6M-372.3% | -$341K |
| Interest Expense | $137K-24.0% | $181K+279.4% | $48K-47.5% | $91K+59.0% | $57K-37.6% | $92K-39.4% | $151K+93.0% | $78K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$428K+69.5% | -$1.4M+6.2% | -$1.5M-91.2% | -$784K+58.1% | -$1.9M-299.7% | -$469K+64.4% | -$1.3M-468.8% | -$231K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0.00 |
SEII Balance Sheet
| Metric | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.0M-2.1% | $3.0M-28.4% | $4.3M+3.2% | $4.1M-9.7% | $4.6M-10.6% | $5.1M+0.4% | $5.1M+16.8% | $4.4M |
| Current Assets | $2.7M-1.0% | $2.7M-30.0% | $3.9M+4.3% | $3.7M-9.5% | $4.1M-9.9% | $4.6M+0.9% | $4.6M+20.7% | $3.8M |
| Cash & Equivalents | N/A | $24K-95.3% | $507K+111233.0% | $455-99.3% | $66K-68.7% | $212K-63.6% | $581K+30.8% | $444K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $295K+15.6% | $255K+17.6% | $217K+21.2% | $179K+26.7% | $141K+37.3% | $103K+59.7% | $64K+149.4% | $26K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $16.8M+0.9% | $16.7M-6.9% | $17.9M+3.4% | $17.3M+1.5% | $17.1M+2.1% | $16.7M+2.8% | $16.3M+1.7% | $16.0M |
| Current Liabilities | $12.4M+1.4% | $12.2M-2.5% | $12.5M-0.3% | $12.6M+2.4% | $12.3M+3.0% | $11.9M+4.3% | $11.4M+2.8% | $11.1M |
| Long-Term Debt | $5.4M-0.2% | $5.4M-0.6% | $5.4M+13.2% | $4.8M-0.8% | $4.8M-0.1% | $4.8M-0.8% | $4.9M-0.6% | $4.9M |
| Total Equity | -$13.9M-1.6% | -$13.6M-6.8% | -$12.8M-3.7% | -$12.3M-6.0% | -$11.6M-8.3% | -$10.7M-4.2% | -$10.3M+4.2% | -$10.8M |
| Retained Earnings | -$81.0M-0.5% | -$80.6M-1.8% | -$79.2M-1.9% | -$77.7M-1.0% | -$76.9M-2.5% | -$75.0M-0.6% | -$74.6M-1.8% | -$73.2M |
SEII Cash Flow Statement
| Metric | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$305K+47.4% | -$579K-35.5% | -$427K-22.8% | -$348K-5.6% | -$329K+8.5% | -$360K+22.9% | -$467K-39.0% | -$336K |
| Capital Expenditures | $0 | $0 | N/A | N/A | $0 | N/A | N/A | $15.8M |
| Free Cash Flow | -$305K+47.4% | -$579K | N/A | N/A | -$329K | N/A | N/A | -$16.1M |
| Investing Cash Flow | -$239K-1012.7% | -$21K-108.6% | $249K+2992.9% | -$9K+84.8% | -$57K+84.9% | -$375K-231.7% | $285K+128.2% | -$1.0M |
| Financing Cash Flow | $327K+179.0% | $117K-82.9% | $685K+140.8% | $285K+19.4% | $238K-42.5% | $414K+31.9% | $314K+5191.9% | $6K |
| 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 |
SEII Financial Ratios
| Metric | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0%0.0pp | 100.0%0.0pp | 100.0%0.0pp | 100.0%+94.7pp | 5.3%-94.7pp | 100.0%0.0pp | 100.0%0.0pp | 100.0% |
| Operating Margin | -380.7%+417.3pp | -798.0%+285.6pp | -1083.6%-302.5pp | -781.1%+1994.0pp | -2775.2%-1705.8pp | -1069.3%+2759.5pp | -3828.8%-3442.1pp | -386.7% |
| Net Margin | -650.1%+1360.6pp | -2010.7%-806.1pp | -1204.6%+169.5pp | -1374.1%+1907.7pp | -3281.7%-2351.9pp | -929.8%+2195.6pp | -3125.4%-2863.3pp | -262.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -14.4%+31.8pp | -46.2%-10.9pp | -35.2%-16.2pp | -19.0%+22.0pp | -41.0%-31.8pp | -9.2%+16.7pp | -25.9%-20.5pp | -5.3% |
| Current Ratio | 0.220.0 | 0.22-0.1 | 0.31+0.0 | 0.30-0.0 | 0.34-0.0 | 0.39-0.0 | 0.40+0.1 | 0.34 |
| Debt-to-Equity | -0.390.0 | -0.39+0.0 | -0.42-0.0 | -0.39+0.0 | -0.41+0.0 | -0.45+0.0 | -0.47-0.0 | -0.45 |
| FCF Margin | -462.5%+365.5pp | -828.0% | N/A | N/A | -577.1% | N/A | N/A | -18237.0% |
Note: Shareholder equity is negative (-$13.9M), 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 (0.22), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Sharing Economy's annual revenue?
Sharing Economy (SEII) reported $317K in total revenue for fiscal year 2022. This represents a 33.5% 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 Sharing Economy's revenue growing?
Sharing Economy (SEII) revenue grew by 33.5% year-over-year, from $238K to $317K in fiscal year 2022.
Is Sharing Economy profitable?
No, Sharing Economy (SEII) reported a net income of -$4.1M in fiscal year 2022, with a net profit margin of -1297.6%.
What is Sharing Economy's EBITDA?
Sharing Economy (SEII) had EBITDA of -$2.5M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Sharing Economy have?
As of fiscal year 2022, Sharing Economy (SEII) had $66K in cash and equivalents against $5.4M in long-term debt.
What is Sharing Economy's gross margin?
Sharing Economy (SEII) had a gross margin of 100.0% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sharing Economy's operating margin?
Sharing Economy (SEII) had an operating margin of -820.3% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Sharing Economy's net profit margin?
Sharing Economy (SEII) had a net profit margin of -1297.6% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Sharing Economy's free cash flow?
Sharing Economy (SEII) generated -$1.7M in free cash flow during fiscal year 2022. This represents a -8.3% 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 Sharing Economy's operating cash flow?
Sharing Economy (SEII) generated -$1.7M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Sharing Economy's total assets?
Sharing Economy (SEII) had $3.0M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Sharing Economy's capital expenditures?
Sharing Economy (SEII) invested $8K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
What is Sharing Economy's current ratio?
Sharing Economy (SEII) had a current ratio of 0.22 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Sharing Economy's debt-to-equity ratio?
Sharing Economy (SEII) had a debt-to-equity ratio of -0.39 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sharing Economy's return on assets (ROA)?
Sharing Economy (SEII) had a return on assets of -138.0% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Sharing Economy's cash runway?
Based on fiscal year 2022 data, Sharing Economy (SEII) had $66K in cash against an annual operating cash burn of $1.7M. This gives an estimated cash runway of approximately 0 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 Sharing Economy's debt-to-equity ratio negative or unusual?
Sharing Economy (SEII) has negative shareholder equity of -$13.9M 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 Sharing Economy's Piotroski F-Score?
Sharing Economy (SEII) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Sharing Economy's earnings high quality?
Sharing Economy (SEII) has an earnings quality ratio of 0.40x, 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 Sharing Economy cover its interest payments?
Sharing Economy (SEII) has an interest coverage ratio of -5.7x, 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 Sharing Economy?
Sharing Economy (SEII) scores 33 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.