Sharing Svcs Global Corp Financials

SHRG

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

This page shows Sharing Svcs Global Corp (SHRG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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 Neutral

5/9

Sharing Svcs Global Corp passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.56x

For every $1 of reported earnings, Sharing Svcs Global Corp generates $0.56 in operating cash flow (-$3.7M OCF vs -$6.7M 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

-1.6x

Sharing Svcs Global Corp earns $-1.6 in operating income for every $1 of interest expense (-$4.9M vs $3.1M). 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

$10.9M

YoY-32.4%

5Y CAGR-33.9%

Sharing Svcs Global Corp generated $10.9M in revenue in fiscal year 2024. This represents a decrease of 32.4% from the prior year.

EBITDA

-$4.5M

YoY+68.6%

Sharing Svcs Global Corp's EBITDA was -$4.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 68.6% from the prior year.

Free Cash Flow

N/A

Net Income

-$6.7M

YoY+82.2%

Sharing Svcs Global Corp reported -$6.7M in net income in fiscal year 2024. This represents an increase of 82.2% from the prior year.

EPS (Diluted)

$-0.02

YoY+85.7%

Sharing Svcs Global Corp earned $-0.02 per diluted share (EPS) in fiscal year 2024. This represents an increase of 85.7% from the prior year.

Cash & Debt

$894K

YoY-70.1%

5Y CAGR-36.9%

Sharing Svcs Global Corp held $894K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

269,214

Sharing Svcs Global Corp had 269,214 shares outstanding in fiscal year 2024.

Gross Margin

64.8%

YoY+7.3pp

5Y CAGR-1.7pp

Sharing Svcs Global Corp's gross margin was 64.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 7.3 percentage points from the prior year.

Operating Margin

-45.0%

YoY+47.0pp

5Y CAGR-43.9pp

Sharing Svcs Global Corp's operating margin was -45.0% in fiscal year 2024, reflecting core business profitability. This is up 47.0 percentage points from the prior year.

Net Margin

-61.7%

YoY+172.3pp

5Y CAGR-86.6pp

Sharing Svcs Global Corp's net profit margin was -61.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 172.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SHRG Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$10.9M-32.4%	$16.1M-53.2%	$34.4M-46.9%	$64.8M-50.7%	$131.4M+52.9%	$85.9M
Cost of Revenue	$3.8M-44.0%	$6.8M-36.6%	$10.8M-40.9%	$18.3M-51.8%	$37.9M+31.5%	$28.8M
Gross Profit	$7.0M-23.9%	$9.3M-60.8%	$23.6M-49.2%	$46.5M-50.2%	$93.5M+63.7%	$57.1M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.8M-54.1%	$17.1M-13.4%	$19.7M+3.9%	$19.0M-17.5%	$23.0M+61.2%	$14.3M
Operating Income	-$4.9M+66.9%	-$14.8M-11.1%	-$13.3M-512.3%	-$2.2M-122.5%	$9.7M+1069.3%	-$1.0M
Interest Expense	$3.1M-76.2%	$13.2M+8.3%	$12.2M+25532.6%	$48K-88.9%	$431K-75.0%	$1.7M
Income Tax	N/A	N/A	-$3.0M-410.7%	-$595K-222.6%	$485K	N/A
Net Income	-$6.7M+82.2%	-$37.7M-120.3%	-$17.1M-1285.1%	-$1.2M-144.3%	$2.8M-87.0%	$21.4M
EPS (Diluted)	$-0.02+85.7%	$-0.14-75.0%	$-0.08-700.0%	$-0.01	$0.00-100.0%	$0.09

Metric	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22
Revenue	$2.1M-6.2%	$2.2M-23.0%	$2.9M+19.8%	$2.4M-16.3%	$2.9M-11.3%	$3.2M-22.5%	$4.2M-21.0%	$5.3M
Cost of Revenue	$624K-7.8%	$677K-3.5%	$702K+4.8%	$670K-20.8%	$846K-48.5%	$1.6M-6.6%	$1.8M+6.2%	$1.7M
Gross Profit	$1.5M-5.4%	$1.5M-29.3%	$2.2M+25.6%	$1.7M-14.4%	$2.0M+26.8%	$1.6M-34.0%	$2.4M-33.4%	$3.6M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4M-6.6%	$1.5M-21.6%	$2.0M-6.8%	$2.1M-7.5%	$2.3M-51.1%	$4.7M+2.6%	$4.6M+0.2%	$4.6M
Operating Income	-$635K+0.4%	-$637K+13.5%	-$737K+34.2%	-$1.1M+33.2%	-$1.7M+58.1%	-$4.0M+3.9%	-$4.2M-13.8%	-$3.7M
Interest Expense	$162K+9.6%	$148K+7.5%	$137K-93.0%	$2.0M+116.7%	$906K-72.7%	$3.3M0.0%	$3.3M+6.5%	$3.1M
Income Tax	N/A	N/A	$4K+129.4%	-$12K-200.0%	$12K-88.4%	$104K+118.8%	-$554K-63.0%	-$340K
Net Income	-$466K+51.9%	-$969K-8.3%	-$895K+38.5%	-$1.5M+40.0%	-$2.4M+78.0%	-$11.0M+40.0%	-$18.4M-1258.9%	-$1.4M
EPS (Diluted)	$-1.68	$-0.000.0%	$-0.00+100.0%	$-5.40-53900.0%	$-0.01+75.0%	$-0.04+42.9%	$-0.07-600.0%	$-0.01

SHRG Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$6.6M-61.2%	$17.1M-60.4%	$43.2M+85.8%	$23.2M-9.8%	$25.8M+14.2%	$22.6M
Current Assets	$4.4M-18.5%	$5.4M-79.8%	$26.9M+36.9%	$19.6M-14.2%	$22.9M+10.0%	$20.8M
Cash & Equivalents	$894K-70.1%	$3.0M-82.4%	$17.0M+40.2%	$12.1M+0.7%	$12.1M+34.6%	$9.0M
Inventory	$1.3M-19.4%	$1.6M-62.6%	$4.4M+77.0%	$2.5M-50.5%	$5.0M+44.0%	$3.5M
Accounts Receivable	$281K+2.6%	$274K-83.7%	$1.7M+11.1%	$1.5M-62.5%	$4.0M-4.3%	$4.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$9.4M-76.4%	$39.8M+95.7%	$20.3M+19.1%	$17.1M-15.4%	$20.2M+5.6%	$19.1M
Current Liabilities	$8.7M-78.0%	$39.4M+101.9%	$19.5M+20.7%	$16.2M-14.9%	$19.0M+3.8%	$18.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$2.8M+87.8%	-$22.7M-199.5%	$22.8M+270.7%	$6.2M+9.7%	$5.6M+63.7%	$3.4M
Retained Earnings	-$113.2M-6.3%	-$106.5M-83.9%	-$57.9M-53.8%	-$37.6M-0.4%	-$37.5M-10.4%	-$34.0M

Metric	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22
Total Assets	$6.3M+0.5%	$6.2M-20.4%	$7.8M-8.0%	$8.5M+20.8%	$7.0M-71.3%	$24.5M-26.4%	$33.3M-24.1%	$43.9M
Current Assets	$4.2M+3.0%	$4.1M-25.2%	$5.5M-9.3%	$6.0M+36.0%	$4.4M-47.1%	$8.4M-37.8%	$13.5M-41.0%	$22.9M
Cash & Equivalents	$730K+25.7%	$580K-21.3%	$738K-46.7%	$1.4M+1.1%	$1.4M-56.0%	$3.1M-51.8%	$6.5M-55.3%	$14.5M
Inventory	$1.2M+2.4%	$1.2M-45.4%	$2.2M-0.5%	$2.2M+49.0%	$1.5M-45.8%	$2.7M-22.6%	$3.5M-14.7%	$4.1M
Accounts Receivable	$295K-1.9%	$301K-39.1%	$494K+13.9%	$434K-18.4%	$532K-70.3%	$1.8M+1.9%	$1.8M-7.0%	$1.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$10.5M+5.1%	$10.0M+15.3%	$8.6M+2.6%	$8.4M-73.4%	$31.7M-1.1%	$32.0M+6.5%	$30.0M+37.0%	$21.9M
Current Liabilities	$9.4M+9.2%	$8.6M+4.3%	$8.2M+2.7%	$8.0M-74.4%	$31.2M-1.1%	$31.6M+6.6%	$29.6M+41.6%	$20.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$4.2M-12.9%	-$3.7M-355.4%	-$820K-1139.9%	$79K+100.3%	-$24.6M-227.8%	-$7.5M-332.6%	$3.2M-85.3%	$21.9M
Retained Earnings	-$114.6M-0.4%	-$114.1M-2.6%	-$111.2M-0.8%	-$110.3M-1.3%	-$108.9M-22.8%	-$88.7M-14.2%	-$77.6M-31.0%	-$59.2M

SHRG Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$3.7M+58.7%	-$9.0M+40.7%	-$15.2M-871.7%	-$1.6M-113.8%	$11.3M+87.4%	$6.0M
Capital Expenditures	N/A	$1.2M-87.2%	$9.3M+920.6%	$914K+468.4%	$161K-45.7%	$296K
Free Cash Flow	N/A	-$10.2M+58.4%	-$24.6M-889.7%	-$2.5M-122.2%	$11.2M+94.3%	$5.7M
Investing Cash Flow	N/A	-$6.8M+46.8%	-$12.8M-974.2%	-$1.2M-421.8%	-$229K+95.3%	-$4.9M
Financing Cash Flow	$1.7M-12.7%	$1.9M-94.2%	$33.0M+942.2%	$3.2M+197.1%	-$3.3M-265.0%	$2.0M
Dividends Paid	N/A	N/A	N/A	N/A	$3.7M	N/A
Share Buybacks	N/A	N/A	N/A	$900K+179800.0%	$500	N/A

Metric	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22
Operating Cash Flow	-$421K+48.7%	-$822K-80.6%	-$455K+61.5%	-$1.2M+34.0%	-$1.8M+47.5%	-$3.4M-105.3%	-$1.7M+56.0%	-$3.8M
Capital Expenditures	N/A	N/A	N/A	N/A	-$208K-505.3%	$51K-95.8%	$1.2M+788.8%	$137K
Free Cash Flow	N/A	N/A	N/A	N/A	-$387K+88.8%	-$3.5M-20.3%	-$2.9M+26.5%	-$3.9M
Investing Cash Flow	N/A	N/A	N/A	N/A	$4.7M+18066.7%	-$26K+99.8%	-$11.4M-8209.5%	-$137K
Financing Cash Flow	$585K+17.0%	$500K	$0	N/A	-$4.6M-17798.7%	-$26K-100.5%	$5.2M+275.2%	$1.4M
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

SHRG Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	64.8%+7.3pp	57.5%-11.1pp	68.6%-3.2pp	71.8%+0.6pp	71.2%+4.7pp	66.5%
Operating Margin	-45.0%+47.0pp	-92.0%-53.3pp	-38.7%-35.4pp	-3.4%-10.7pp	7.4%+8.5pp	-1.2%
Net Margin	-61.7%+172.3pp	-234.0%-184.3pp	-49.7%-47.8pp	-1.9%-4.0pp	2.1%-22.8pp	24.9%
Return on Equity	N/A	N/A	N/A	N/A	49.7%-575.2pp	624.9%
Return on Assets	-101.2%+119.5pp	-220.6%-181.0pp	-39.6%-34.3pp	-5.3%-16.1pp	10.8%-84.2pp	95.0%
Current Ratio	0.51+0.4	0.14-1.2	1.38+0.2	1.22+0.0	1.21+0.1	1.14
Debt-to-Equity	-3.39-1.6	-1.75-2.6	0.89-1.9	2.77-0.8	3.60-2.0	5.58
FCF Margin	N/A	-63.5%+7.9pp	-71.3%-67.5pp	-3.8%-12.3pp	8.5%+1.8pp	6.7%

Metric	Q2'24	Q1'24	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22
Gross Margin	70.1%+0.5pp	69.5%-6.2pp	75.7%+3.5pp	72.2%+1.6pp	70.6%+21.2pp	49.4%-8.6pp	58.0%-10.8pp	68.8%
Operating Margin	-30.4%-1.8pp	-28.7%-3.1pp	-25.5%+21.0pp	-46.5%+11.7pp	-58.2%+65.1pp	-123.4%-23.9pp	-99.5%-30.4pp	-69.0%
Net Margin	-22.4%+21.2pp	-43.6%-12.6pp	-31.0%+29.4pp	-60.4%+23.8pp	-84.2%+255.4pp	-339.7%+99.3pp	-439.0%-413.5pp	-25.5%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-7.4%+8.1pp	-15.6%-4.1pp	-11.4%+5.7pp	-17.1%+17.3pp	-34.4%+10.6pp	-45.0%+10.2pp	-55.3%-52.2pp	-3.1%
Current Ratio	0.45-0.0	0.48-0.2	0.67-0.1	0.75+0.6	0.14-0.1	0.27-0.2	0.46-0.6	1.09
Debt-to-Equity	-2.48+0.2	-2.67+7.9	-10.54-117.4	106.88+108.2	-1.29+3.0	-4.26-13.6	9.31+8.3	1.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	-106.6%-37.9pp	-68.7%+5.1pp	-73.8%

Note: Shareholder equity is negative (-$2.8M), 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 (0.51), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Sharing Svcs Global Corp's annual revenue?

Sharing Svcs Global Corp (SHRG) reported $10.9M in total revenue for fiscal year 2024. This represents a -32.4% 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 Svcs Global Corp's revenue growing?

Sharing Svcs Global Corp (SHRG) revenue declined by 32.4% year-over-year, from $16.1M to $10.9M in fiscal year 2024.

Is Sharing Svcs Global Corp profitable?

No, Sharing Svcs Global Corp (SHRG) reported a net income of -$6.7M in fiscal year 2024, with a net profit margin of -61.7%.

What is Sharing Svcs Global Corp's earnings per share (EPS)?

Sharing Svcs Global Corp (SHRG) reported diluted earnings per share of $-0.02 for fiscal year 2024. This represents a 85.7% 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 Sharing Svcs Global Corp's EBITDA?

Sharing Svcs Global Corp (SHRG) had EBITDA of -$4.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Sharing Svcs Global Corp's gross margin?

Sharing Svcs Global Corp (SHRG) had a gross margin of 64.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Sharing Svcs Global Corp's operating margin?

Sharing Svcs Global Corp (SHRG) had an operating margin of -45.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Sharing Svcs Global Corp's net profit margin?

Sharing Svcs Global Corp (SHRG) had a net profit margin of -61.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Sharing Svcs Global Corp's operating cash flow?

Sharing Svcs Global Corp (SHRG) generated -$3.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Sharing Svcs Global Corp's total assets?

Sharing Svcs Global Corp (SHRG) had $6.6M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Sharing Svcs Global Corp have outstanding?

Sharing Svcs Global Corp (SHRG) had 269,214 shares outstanding as of fiscal year 2024.

What is Sharing Svcs Global Corp's current ratio?

Sharing Svcs Global Corp (SHRG) had a current ratio of 0.51 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Sharing Svcs Global Corp's debt-to-equity ratio?

Sharing Svcs Global Corp (SHRG) had a debt-to-equity ratio of -3.39 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sharing Svcs Global Corp's return on assets (ROA)?

Sharing Svcs Global Corp (SHRG) had a return on assets of -101.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Sharing Svcs Global Corp's cash runway?

Based on fiscal year 2024 data, Sharing Svcs Global Corp (SHRG) had $894K in cash against an annual operating cash burn of $3.7M. This gives an estimated cash runway of approximately 3 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 Svcs Global Corp's debt-to-equity ratio negative or unusual?

Sharing Svcs Global Corp (SHRG) has negative shareholder equity of -$2.8M as of fiscal year 2024, 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 Svcs Global Corp's Piotroski F-Score?

Sharing Svcs Global Corp (SHRG) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Sharing Svcs Global Corp's earnings high quality?

Sharing Svcs Global Corp (SHRG) has an earnings quality ratio of 0.56x, 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 Svcs Global Corp cover its interest payments?

Sharing Svcs Global Corp (SHRG) has an interest coverage ratio of -1.6x, 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.