SINCD Financials

SINCD

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2022 Currency USD FYE December

This page shows SINCD (SINCD) 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).

Rhea AI SINCD FY2021 2026-04-22

Positive cash flow persists, but it appears to come from balance-sheet runoff while the revenue base contracts sharply.

From FY2020 to FY2021, revenue fell from $483K to $63K while operating income moved from profit to loss. Yet operating cash flow stayed positive at $36K, pointing to working-capital release or asset runoff rather than cash generation from the current revenue base.

The jump in gross margin to 66.1% did not translate into durability because the revenue base became too small to cover overhead and operating margin sank to -138.6%. That pattern fits a business whose direct costs shrank faster than sales, but whose remaining cost structure still needs more volume to work.

Balance-sheet pressure did not disappear with debt reduction: FY2021 ended with only $1K of cash and a current ratio below 1.0x, so liquidity still depended on turning other current assets into cash rather than sitting on ready reserves. Financing cash flow was negative in both FY2020 and FY2021, so the company appears to have used available cash to shrink obligations even as the operating base got smaller.

Financial Health Signals

Financial health score pending refresh

We are recalculating SINCD's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Neutral

4/9

SINCD 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.

Earnings Quality Mixed

-0.58x

For every $1 of reported earnings, SINCD 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.

Interest Coverage At Risk

-14.6x

SINCD 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.

Key Financial Metrics

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Earnings & Revenue

Revenue

$63K

YoY-87.0%

5Y CAGR-41.4%

SINCD generated $63K in revenue in fiscal year 2021. This represents a decrease of 87.0% from the prior year.

EBITDA

-$81K

YoY-202.8%

SINCD'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.

Net Income

-$61K

YoY-171.7%

SINCD reported -$61K in net income in fiscal year 2021. This represents a decrease of 171.7% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$36K

YoY-84.9%

SINCD 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.

Cash & Debt

$1K

YoY-74.3%

5Y CAGR-49.6%

SINCD held $1K in cash against $0 in long-term debt as of fiscal year 2021.

Dividends Per Share

N/A

Shares Outstanding

74M

YoY+48.7%

SINCD had 74M shares outstanding in fiscal year 2021. This represents an increase of 48.7% from the prior year.

Margins & Returns

Gross Margin

66.1%

YoY+40.7pp

5Y CAGR+36.0pp

SINCD'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.

Operating Margin

-138.5%

YoY-153.9pp

5Y CAGR-152.7pp

SINCD'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.

Net Margin

-97.4%

YoY-115.1pp

5Y CAGR-104.6pp

SINCD'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.

Return on Equity

-120.6%

YoY-209.4pp

SINCD's ROE was -120.6% in fiscal year 2021, measuring profit generated per dollar of shareholder equity. This is down 209.4 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

SINCD invested $0 in capex in fiscal year 2021, funding long-term assets and infrastructure.

SINCD Income Statement

Metric	FY21	FY20	FY19	FY18	FY17	FY16
Revenue	$63K-87.0%	$483K-28.8%	$678K-56.5%	$1.6M-27.6%	$2.2M+135.2%	$915K
Cost of Revenue	$21K-94.1%	$360K-37.4%	$575K-61.0%	$1.5M-24.5%	$2.0M+205.1%	$639K
Gross Profit	$42K-66.0%	$122K+19.4%	$103K+19.9%	$86K-57.2%	$200K-27.3%	$275K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	$33K
SG&A Expenses	$23K+274.7%	$6K-81.9%	$33K-74.3%	$129K+18.2%	$109K+187.1%	$38K
Operating Income	-$87K-217.5%	$74K+329.2%	-$32K+91.0%	-$362K+86.0%	-$2.6M-2097.6%	$130K
Interest Expense	$6K+6.6%	$6K-63.5%	$15K-93.6%	$240K+164.1%	$91K+217.6%	$29K
Income Tax	-$10K-127.2%	$37K+15313.7%	$241+100.3%	-$78K-40.1%	-$56K-322.6%	$25K
Net Income	-$61K-171.7%	$86K+831.9%	-$12K-101.5%	$762K+119.1%	-$4.0M-6193.7%	$65K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20
Revenue	$2K-88.7%	$14K	N/A	$17K+16.8%	$15K-52.0%	$31K-63.2%	$84K-9.4%	$93K
Cost of Revenue	$7K	$0	N/A	N/A	-$22K-186.6%	$26K-27.4%	$36K-67.6%	$110K
Gross Profit	-$6K-141.1%	$14K	N/A	-$235	N/A	$5K-89.2%	$49K+398.0%	-$16K
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	N/A	$0-100.0%	$3K+1.5%	$3K+33.5%	$2K	$0
Operating Income	-$140K-1699.3%	$9K	N/A	-$42K-946.8%	-$4K-2559.1%	$164-99.6%	$42K+275.7%	-$24K
Interest Expense	$7K+420.6%	$1K	N/A	$1K-6.0%	$2K+0.6%	$2K+5.4%	$1K+3.1%	$1K
Income Tax	-$14K-592.3%	$3K	N/A	-$5K-229.3%	$4K+75.2%	$2K-85.4%	$15K+1025.0%	-$2K
Net Income	-$114K-1804.9%	$7K	N/A	-$28K-197.0%	-$9K-251.5%	$6K-85.4%	$42K+1026.4%	-$5K
EPS (Diluted)	$0.00	N/A	N/A	N/A	$0.00	N/A	N/A	N/A

SINCD Balance Sheet

Metric	FY21	FY20	FY19	FY18	FY17	FY16
Total Assets	$713K-9.2%	$785K+21.4%	$647K-42.8%	$1.1M+284.2%	$294K+129.0%	$128K
Current Assets	$518K-11.8%	$588K+41.7%	$415K+144.4%	$170K-8.3%	$185K+307.1%	$45K
Cash & Equivalents	$1K-74.3%	$4K-81.6%	$23K-2.1%	$23K-63.5%	$64K+93.0%	$33K
Inventory	N/A	N/A	N/A	N/A	N/A	$0
Accounts Receivable	$3K-96.1%	$68K-27.3%	$93K-35.9%	$145K+202.1%	$48K+311.7%	$12K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$662K-3.9%	$689K+14.7%	$601K-46.6%	$1.1M-52.8%	$2.4M+537.7%	$374K
Current Liabilities	$662K+5.4%	$629K+22.2%	$514K+14.5%	$449K-80.8%	$2.3M+688.4%	$298K
Long-Term Debt	$0-100.0%	$60K-30.2%	$86K-22.0%	$111K+185.5%	$39K-49.2%	$76K
Total Equity	$51K-47.2%	$96K+108.6%	$46K+714.6%	$6K+100.3%	-$2.1M-751.7%	-$245K
Retained Earnings	-$3.5M-1.8%	-$3.4M+2.4%	-$3.5M+1.2%	-$3.6M+16.6%	-$4.3M-1465.3%	-$272K

Metric	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20
Total Assets	$1.6M+117.2%	$729K+2.2%	$713K+0.4%	$710K-1.1%	$718K-4.9%	$755K-3.8%	$785K-1.8%	$800K
Current Assets	$1.4M+158.8%	$536K+3.4%	$518K-1.6%	$527K-1.3%	$534K-5.3%	$563K-4.1%	$588K-1.4%	$596K
Cash & Equivalents	$14K+368.4%	$3K+177.3%	$1K-81.1%	$6K+157.1%	$2K-61.4%	$6K+36.6%	$4K-7.3%	$5K
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-57.9%	$6K-85.3%	$42K-37.3%	$68K-59.7%	$168K
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+2.4%	$616K-4.2%	$642K-6.8%	$689K-8.0%	$749K
Current Liabilities	$831K+27.6%	$652K-1.6%	$662K+10.6%	$599K+4.3%	$574K-2.9%	$591K-5.9%	$629K-8.2%	$685K
Long-Term Debt	$0	$0	$0-100.0%	$32K-23.4%	$42K-18.2%	$51K-15.7%	$60K-5.4%	$64K
Total Equity	$752K+875.9%	$77K+51.4%	$51K-36.3%	$80K-22.0%	$102K-9.3%	$113K+17.2%	$96K+88.6%	$51K
Retained Earnings	-$3.5M-1.9%	-$3.5M+0.2%	-$3.5M-0.9%	-$3.5M-0.8%	-$3.4M-0.3%	-$3.4M+0.2%	-$3.4M+1.2%	-$3.5M

SINCD Cash Flow Statement

Metric	FY21	FY20	FY19	FY18	FY17	FY16
Operating Cash Flow	$36K-84.9%	$237K+146.0%	$96K+115.1%	-$636K-928.7%	-$62K-379.5%	-$13K
Capital Expenditures	$0	$0	$0	$0-100.0%	$5K+1615.8%	$304
Free Cash Flow	$36K-84.9%	$237K+146.0%	$96K+115.1%	-$636K-848.7%	-$67K-408.0%	-$13K
Investing Cash Flow	$0	$0	$0	$0+100.0%	-$5K-1615.8%	-$304
Financing Cash Flow	-$47K+79.2%	-$226K-130.7%	-$98K-116.9%	$579K+216.0%	$183K+142.9%	$75K
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	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20
Operating Cash Flow	-$112K-3483.9%	-$3K	N/A	$9K-62.6%	$24K+305.1%	$6K-91.9%	$72K+313.0%	$17K
Capital Expenditures	N/A	N/A	N/A	$0	N/A	N/A	$0	$0
Free Cash Flow	N/A	N/A	N/A	$9K	N/A	N/A	$72K+313.0%	$17K
Investing Cash Flow	$0	$0	N/A	$0	$0	$0	$0	$0
Financing Cash Flow	$278K+1767.9%	-$17K	N/A	-$7K+69.8%	-$23K-81.8%	-$13K+84.6%	-$82K-77.9%	-$46K
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

SINCD Financial Ratios

Metric	FY21	FY20	FY19	FY18	FY17	FY16
Gross Margin	66.1%+40.7pp	25.4%+10.2pp	15.2%+9.7pp	5.5%-3.8pp	9.3%-20.8pp	30.1%
Operating Margin	-138.5%-153.9pp	15.4%+20.2pp	-4.8%+18.4pp	-23.2%+97.2pp	-120.4%-134.6pp	14.2%
Net Margin	-97.4%-115.1pp	17.7%+19.5pp	-1.7%-50.6pp	48.9%+234.4pp	-185.5%-192.6pp	7.2%
Return on Equity	-120.6%-209.4pp	88.9%+114.2pp	-25.3%-13475.3pp	13450.0%	N/A	N/A
Return on Assets	-8.6%-19.5pp	10.9%+12.7pp	-1.8%-69.2pp	67.4%+1423.8pp	-1356.3%-1407.3pp	51.0%
Current Ratio	0.78-0.2	0.94+0.1	0.81+0.4	0.38+0.3	0.08-0.1	0.15
Debt-to-Equity	0.00-0.6	0.63-1.2	1.87-17.7	19.56+19.6	-0.02+0.3	-0.31
FCF Margin	56.6%+7.6pp	49.0%+34.9pp	14.2%+55.0pp	-40.8%-37.7pp	-3.1%-1.7pp	-1.4%

Metric	Q2'22	Q1'22	Q4'21	Q3'21	Q2'21	Q1'21	Q4'20	Q3'20
Gross Margin	-362.8%-462.7pp	100.0%	N/A	-1.4%	N/A	17.0%-40.9pp	57.9%+75.5pp	-17.6%
Operating Margin	-8894.1%-8957.2pp	63.0%	N/A	-242.0%-215.0pp	-27.0%-27.5pp	0.5%-49.0pp	49.5%+75.0pp	-25.5%
Net Margin	-7247.9%-7296.1pp	48.2%	N/A	-157.8%-95.7pp	-62.1%-81.7pp	19.7%-29.9pp	49.6%+54.5pp	-4.9%
Return on Equity	-15.2%-23.8pp	8.7%	N/A	-34.5%-25.4pp	-9.1%-14.5pp	5.4%-38.1pp	43.6%+52.4pp	-8.9%
Return on Assets	-7.2%-8.1pp	0.9%	N/A	-3.9%-2.6pp	-1.3%-2.1pp	0.8%-4.5pp	5.3%+5.9pp	-0.6%
Current Ratio	1.67+0.8	0.82+0.0	0.78-0.1	0.88-0.0	0.93-0.0	0.95+0.0	0.94+0.1	0.87
Debt-to-Equity	0.000.0	0.000.0	0.00-0.4	0.400.0	0.41-0.0	0.45-0.2	0.63-0.6	1.25
FCF Margin	N/A	N/A	N/A	50.7%	N/A	N/A	84.9%+66.3pp	18.6%

Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is SINCD's annual revenue?

SINCD (SINCD) 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 SINCD's revenue growing?

SINCD (SINCD) revenue declined by 87% year-over-year, from $483K to $63K in fiscal year 2021.

Is SINCD profitable?

No, SINCD (SINCD) reported a net income of -$61K in fiscal year 2021, with a net profit margin of -97.4%.

What is SINCD's EBITDA?

SINCD (SINCD) had EBITDA of -$81K in fiscal year 2021, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does SINCD have?

As of fiscal year 2021, SINCD (SINCD) had $1K in cash and equivalents against $0 in long-term debt.

What is SINCD's gross margin?

SINCD (SINCD) 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 SINCD's operating margin?

SINCD (SINCD) had an operating margin of -138.5% in fiscal year 2021, reflecting the profitability of core business operations before interest and taxes.

What is SINCD's net profit margin?

SINCD (SINCD) 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 SINCD's return on equity (ROE)?

SINCD (SINCD) has a return on equity of -120.6% for fiscal year 2021, measuring how efficiently the company generates profit from shareholder equity.

What is SINCD's free cash flow?

SINCD (SINCD) 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 SINCD's operating cash flow?

SINCD (SINCD) generated $36K in operating cash flow during fiscal year 2021, representing cash generated from core business activities.

What are SINCD's total assets?

SINCD (SINCD) had $713K in total assets as of fiscal year 2021, including both current and long-term assets.

What are SINCD's capital expenditures?

SINCD (SINCD) invested $0 in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.

How many shares does SINCD have outstanding?

SINCD (SINCD) had 74M shares outstanding as of fiscal year 2021.

What is SINCD's current ratio?

SINCD (SINCD) 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 SINCD's debt-to-equity ratio?

SINCD (SINCD) 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 SINCD's return on assets (ROA)?

SINCD (SINCD) 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 SINCD's Piotroski F-Score?

SINCD (SINCD) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SINCD's earnings high quality?

SINCD (SINCD) 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 SINCD cover its interest payments?

SINCD (SINCD) 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.