Sincerty Applied Financials
Financial Health Signals
Based on FY2021 annual data. Scores normalized against common benchmarks. How we calculate these scores
Sincerty Applied has an operating margin of -138.5%, meaning the company retains $-139 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 15.4% the prior year.
Sincerty Applied's revenue declined 87% year-over-year, from $483K to $63K. This contraction results in a growth score of 0/100.
Sincerty Applied carries a low D/E ratio of 0.00, meaning only $0.00 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.
Sincerty Applied's current ratio of 0.78 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 11/100, which could limit financial flexibility.
Sincerty Applied converts 56.6% of revenue into free cash flow ($36K). This strong cash generation earns a score of 100/100.
Sincerty Applied passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Sincerty Applied generates $-0.58 in operating cash flow ($36K OCF vs -$61K net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Sincerty Applied earns $-14.6 in operating income for every $1 of interest expense (-$87K vs $6K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Sincerty Applied (SINC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 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).
Key Financial Metrics
Sincerty Applied generated $63K in revenue in fiscal year 2021. This represents a decrease of 87.0% from the prior year.
Sincerty Applied's EBITDA was -$81K in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 202.8% from the prior year.
Sincerty Applied generated $36K in free cash flow in fiscal year 2021, representing cash available after capex. This represents a decrease of 84.9% from the prior year.
Sincerty Applied reported -$61K in net income in fiscal year 2021. This represents a decrease of 171.7% from the prior year.
Sincerty Applied held $1K in cash against $0 in long-term debt as of fiscal year 2021.
Sincerty Applied had 74M shares outstanding in fiscal year 2021. This represents an increase of 48.7% from the prior year.
Sincerty Applied's gross margin was 66.1% in fiscal year 2021, indicating the percentage of revenue retained after direct costs. This is up 40.7 percentage points from the prior year.
Sincerty Applied's operating margin was -138.5% in fiscal year 2021, reflecting core business profitability. This is down 153.9 percentage points from the prior year.
Sincerty Applied's net profit margin was -97.4% in fiscal year 2021, showing the share of revenue converted to profit. This is down 115.1 percentage points from the prior year.
Sincerty Applied invested $0 in capex in fiscal year 2021, funding long-term assets and infrastructure.
SINC Income Statement
| Metric | Q2'22 | Q1'22 | Q2'21 | Q3'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2K-88.7% | $14K+2810.5% | -$512-102.9% | $17K-43.9% | $31K-63.2% | $84K-9.4% | $93K-55.8% | $211K |
| Cost of Revenue | $7K | $0+100.0% | -$22K | N/A | $26K-27.4% | $36K-67.6% | $110K-17.7% | $133K |
| Gross Profit | -$6K-141.1% | $14K | N/A | -$235-104.5% | $5K-89.2% | $49K+398.0% | -$16K-121.1% | $78K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $10K+442.1% | $2K-28.8% | $3K | N/A | $3K | N/A | N/A | N/A |
| Operating Income | -$140K-1699.3% | $9K+121.3% | -$41K+2.5% | -$42K-25843.3% | $164-99.6% | $42K+275.7% | -$24K-147.3% | $50K |
| Interest Expense | $7K+420.6% | $1K-0.7% | $1K-3.8% | $1K-5.5% | $2K+5.4% | $1K+3.1% | $1K+9.4% | $1K |
| Income Tax | -$14K-592.3% | $3K+125.8% | -$11K-129.1% | -$5K-326.5% | $2K-85.4% | $15K+1025.0% | -$2K-106.4% | $25K |
| Net Income | -$114K-1804.9% | $7K+121.8% | -$31K-11.3% | -$28K-549.8% | $6K-85.4% | $42K+1026.4% | -$5K-108.8% | $51K |
| EPS (Diluted) | $0.00 | N/A | $0.00 | N/A | N/A | N/A | N/A | N/A |
SINC Balance Sheet
| Metric | Q2'22 | Q1'22 | Q2'21 | Q3'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.6M+117.2% | $729K+2.2% | $713K+0.4% | $710K-5.9% | $755K-3.8% | $785K-1.8% | $800K+3.9% | $770K |
| Current Assets | $1.4M+158.8% | $536K+3.4% | $518K-1.6% | $527K-6.5% | $563K-4.1% | $588K-1.4% | $596K+4.7% | $569K |
| Cash & Equivalents | $14K+368.4% | $3K+177.3% | $1K-81.1% | $6K-0.8% | $6K+36.6% | $4K-7.3% | $5K-77.6% | $20K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $3K0.0% | $3K+1.5% | $3K0.0% | $3K-93.8% | $42K-37.3% | $68K-59.7% | $168K-3.0% | $173K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $831K+27.6% | $652K-1.6% | $662K+5.1% | $630K-1.8% | $642K-6.8% | $689K-8.0% | $749K+3.5% | $723K |
| Current Liabilities | $831K+27.6% | $652K-1.6% | $662K+10.6% | $599K+1.2% | $591K-5.9% | $629K-8.2% | $685K+4.7% | $654K |
| Long-Term Debt | $0 | $0 | $0-100.0% | $32K-37.4% | $51K-15.7% | $60K-5.4% | $64K-7.6% | $69K |
| Total Equity | $752K+875.9% | $77K+51.4% | $51K-36.3% | $80K-29.3% | $113K+17.2% | $96K+88.6% | $51K+9.6% | $47K |
| Retained Earnings | -$3.5M-1.9% | -$3.5M+0.2% | -$3.5M-0.9% | -$3.5M-1.1% | -$3.4M+0.2% | -$3.4M+1.2% | -$3.5M-0.1% | -$3.5M |
SINC Cash Flow Statement
| Metric | Q2'22 | Q1'22 | Q2'21 | Q3'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$112K-3483.9% | -$3K-17.4% | -$3K-130.2% | $9K+51.4% | $6K-91.9% | $72K+313.0% | $17K-76.5% | $74K |
| Capital Expenditures | N/A | N/A | $0 | $0 | N/A | $0 | $0 | N/A |
| Free Cash Flow | N/A | N/A | -$3K-130.2% | $9K | N/A | $72K+313.0% | $17K | N/A |
| Investing Cash Flow | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $10K |
| Financing Cash Flow | $278K+1767.9% | -$17K-271.9% | -$4K+35.5% | -$7K+45.1% | -$13K+84.6% | -$82K-77.9% | -$46K-2.6% | -$45K |
| 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 |
SINC Financial Ratios
| Metric | Q2'22 | Q1'22 | Q2'21 | Q3'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -362.8%-462.7pp | 100.0% | N/A | -1.4%-18.3pp | 17.0%-40.9pp | 57.9%+75.5pp | -17.6%-54.5pp | 36.9% |
| Operating Margin | -8894.1%-8957.2pp | 63.0%+90.0pp | -27.0%+215.0pp | -242.0%-242.5pp | 0.5%-49.0pp | 49.5%+75.0pp | -25.5%-49.4pp | 23.8% |
| Net Margin | -7247.9%-7296.1pp | 48.2%+110.2pp | -62.1%+95.7pp | -157.8%-177.5pp | 19.7%-29.9pp | 49.6%+54.5pp | -4.9%-29.1pp | 24.3% |
| Return on Equity | N/A | 8.7% | N/A | N/A | 5.4%-38.1pp | 43.6% | N/A | 110.2% |
| Return on Assets | -7.2%-8.1pp | 0.9%+5.2pp | -4.3%-0.4pp | -3.9%-4.7pp | 0.8%-4.5pp | 5.3%+5.9pp | -0.6%-7.2pp | 6.7% |
| Current Ratio | 1.67+0.8 | 0.82+0.0 | 0.78-0.1 | 0.88-0.1 | 0.95+0.0 | 0.94+0.1 | 0.870.0 | 0.87 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.00-0.4 | 0.40-0.1 | 0.45-0.2 | 0.63-0.6 | 1.25-0.2 | 1.48 |
| FCF Margin | N/A | N/A | N/A | 50.7% | N/A | 84.9%+66.3pp | 18.6% | N/A |
Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Sincerty Applied's annual revenue?
Sincerty Applied (SINC) reported $63K in total revenue for fiscal year 2021. This represents a -87.0% 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 Sincerty Applied's revenue growing?
Sincerty Applied (SINC) revenue declined by 87% year-over-year, from $483K to $63K in fiscal year 2021.
Is Sincerty Applied profitable?
No, Sincerty Applied (SINC) reported a net income of -$61K in fiscal year 2021, with a net profit margin of -97.4%.
What is Sincerty Applied's EBITDA?
Sincerty Applied (SINC) had EBITDA of -$81K in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Sincerty Applied have?
As of fiscal year 2021, Sincerty Applied (SINC) had $1K in cash and equivalents against $0 in long-term debt.
What is Sincerty Applied's gross margin?
Sincerty Applied (SINC) had a gross margin of 66.1% in fiscal year 2021, indicating the percentage of revenue retained after direct costs of goods sold.
What is Sincerty Applied's operating margin?
Sincerty Applied (SINC) had an operating margin of -138.5% in fiscal year 2021, reflecting the profitability of core business operations before interest and taxes.
What is Sincerty Applied's net profit margin?
Sincerty Applied (SINC) had a net profit margin of -97.4% in fiscal year 2021, representing the share of revenue converted into profit after all expenses.
What is Sincerty Applied's free cash flow?
Sincerty Applied (SINC) generated $36K in free cash flow during fiscal year 2021. This represents a -84.9% 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 Sincerty Applied's operating cash flow?
Sincerty Applied (SINC) generated $36K in operating cash flow during fiscal year 2021, representing cash generated from core business activities.
What are Sincerty Applied's total assets?
Sincerty Applied (SINC) had $713K in total assets as of fiscal year 2021, including both current and long-term assets.
What are Sincerty Applied's capital expenditures?
Sincerty Applied (SINC) invested $0 in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
How many shares does Sincerty Applied have outstanding?
Sincerty Applied (SINC) had 74M shares outstanding as of fiscal year 2021.
What is Sincerty Applied's current ratio?
Sincerty Applied (SINC) had a current ratio of 0.78 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.
What is Sincerty Applied's debt-to-equity ratio?
Sincerty Applied (SINC) had a debt-to-equity ratio of 0.00 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Sincerty Applied's return on assets (ROA)?
Sincerty Applied (SINC) had a return on assets of -8.6% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
What is Sincerty Applied's Piotroski F-Score?
Sincerty Applied (SINC) has a Piotroski F-Score of 4 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 Sincerty Applied's earnings high quality?
Sincerty Applied (SINC) has an earnings quality ratio of -0.58x, considered mixed quality. 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 Sincerty Applied cover its interest payments?
Sincerty Applied (SINC) has an interest coverage ratio of -14.6x, 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.
How financially healthy is Sincerty Applied?
Sincerty Applied (SINC) scores 42 out of 100 on our Financial Profile, indicating moderate 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.