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Southern Its Int Financials

SITS
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2016 Currency USD FYE December

This page shows Southern Its Int (SITS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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 Weak
2/9

Southern Its Int passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Low Quality
0.03x

For every $1 of reported earnings, Southern Its Int generates $0.03 in operating cash flow (-$31K OCF vs -$1.0M 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
-6.6x

Southern Its Int earns $-6.6 in operating income for every $1 of interest expense (-$282K vs $42K). 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
$1.4M
YoY+173.7%

Southern Its Int generated $1.4M in revenue in fiscal year 2015. This represents an increase of 173.7% from the prior year.

EBITDA
-$281K
YoY+5.3%

Southern Its Int's EBITDA was -$281K in fiscal year 2015, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 5.3% from the prior year.

Net Income
-$1.0M
YoY-116.3%

Southern Its Int reported -$1.0M in net income in fiscal year 2015. This represents a decrease of 116.3% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$15K
YoY-27.7%

Southern Its Int held $15K in cash against $0 in long-term debt as of fiscal year 2015.

Dividends Per Share
N/A
Shares Outstanding
21M
YoY+9.1%

Southern Its Int had 21M shares outstanding in fiscal year 2015. This represents an increase of 9.1% from the prior year.

Margins & Returns

Gross Margin
0.9%
YoY-42.4pp

Southern Its Int's gross margin was 0.9% in fiscal year 2015, indicating the percentage of revenue retained after direct costs. This is down 42.4 percentage points from the prior year.

Operating Margin
-20.3%
YoY+38.4pp

Southern Its Int's operating margin was -20.3% in fiscal year 2015, reflecting core business profitability. This is up 38.4 percentage points from the prior year.

Net Margin
-73.2%
YoY+19.4pp

Southern Its Int's net profit margin was -73.2% in fiscal year 2015, showing the share of revenue converted to profit. This is up 19.4 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

SITS Income Statement

Metric Q3'16 Q2'16 Q1'16 Q4'15 Q3'15 Q2'15 Q1'15 Q4'14
Revenue N/A N/A $319K N/A N/A N/A $1.4M N/A
Cost of Revenue N/A N/A $69K N/A N/A N/A $1.4M N/A
Gross Profit N/A N/A $250K N/A N/A N/A $13K N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A $43K N/A N/A N/A $207K N/A
Operating Income N/A N/A $191K N/A N/A N/A -$278K N/A
Interest Expense N/A N/A $8K N/A N/A N/A $42K N/A
Income Tax N/A N/A $0 N/A N/A N/A $0 N/A
Net Income N/A N/A $183K N/A -$19K+40.8% -$33K+89.8% -$321K N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

SITS Balance Sheet

Metric Q3'16 Q2'16 Q1'16 Q4'15 Q3'15 Q2'15 Q1'15 Q4'14
Total Assets $54K-74.3% $212K-10.1% $236K+690.9% $30K-78.7% $140K+659.2% $18K N/A $708K
Current Assets $52K-75.0% $210K-10.2% $233K+759.0% $27K-80.1% $137K+790.8% $15K N/A $704K
Cash & Equivalents $40K-79.5% $198K-4.0% $206K+1256.5% $15K+147.7% $6K+82.8% $3K+88.7% $2K-91.5% $21K
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $0 $0-100.0% $16K $0 $0 $0 N/A $0
Goodwill N/A N/A N/A N/A N/A $2.0M N/A N/A
Total Liabilities $3.0M-1.9% $3.1M0.0% $3.1M+1.9% $3.0M+5.6% $2.9M+1.0% $2.9M N/A $2.7M
Current Liabilities $3.0M-1.9% $3.1M0.0% $3.1M+1.9% $3.0M+5.6% $2.9M+1.0% $2.9M N/A $2.7M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$3.0M-3.4% -$2.9M-0.9% -$2.9M+5.0% -$3.0M-9.9% -$2.7M+3.3% -$2.8M-32.4% -$2.1M-5.5% -$2.0M
Retained Earnings -$9.1M-4.1% -$8.8M+2.6% -$9.0M-1.1% -$8.9M-3.2% -$8.6M+1.1% -$8.7M N/A -$8.2M

SITS Cash Flow Statement

Metric Q3'16 Q2'16 Q1'16 Q4'15 Q3'15 Q2'15 Q1'15 Q4'14
Operating Cash Flow -$157K-1826.4% -$8K-104.3% $191K+1295.8% -$16K-157.4% $28K+223.9% $9K+116.7% -$51K+40.6% -$86K
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow $0 $0 $0-100.0% $25K+200.0% -$25K-257.1% -$7K-121.9% $32K-56.7% $74K
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

SITS Financial Ratios

Metric Q3'16 Q2'16 Q1'16 Q4'15 Q3'15 Q2'15 Q1'15 Q4'14
Gross Margin N/A N/A 78.4% N/A N/A N/A 0.9% N/A
Operating Margin N/A N/A 59.8% N/A N/A N/A -20.0% N/A
Net Margin N/A N/A 57.3% N/A N/A N/A -23.1% N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets N/A N/A 77.5% N/A -13.9%+164.2pp -178.1% N/A N/A
Current Ratio 0.02-0.1 0.070.0 0.08+0.1 0.01-0.0 0.05+0.0 0.01 N/A 0.26
Debt-to-Equity -1.02+0.1 -1.070.0 -1.08-0.1 -1.01+0.0 -1.05-0.0 -1.01 N/A -1.35
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$3.0M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Southern Its Int (SITS) reported $1.4M in total revenue for fiscal year 2015. This represents a 173.7% 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.

Southern Its Int (SITS) revenue grew by 173.7% year-over-year, from $508K to $1.4M in fiscal year 2015.

No, Southern Its Int (SITS) reported a net income of -$1.0M in fiscal year 2015, with a net profit margin of -73.2%.

Southern Its Int (SITS) had EBITDA of -$281K in fiscal year 2015, measuring earnings before interest, taxes, depreciation, and amortization.

Southern Its Int (SITS) had a gross margin of 0.9% in fiscal year 2015, indicating the percentage of revenue retained after direct costs of goods sold.

Southern Its Int (SITS) had an operating margin of -20.3% in fiscal year 2015, reflecting the profitability of core business operations before interest and taxes.

Southern Its Int (SITS) had a net profit margin of -73.2% in fiscal year 2015, representing the share of revenue converted into profit after all expenses.

Southern Its Int (SITS) generated -$31K in operating cash flow during fiscal year 2015, representing cash generated from core business activities.

Southern Its Int (SITS) had $30K in total assets as of fiscal year 2015, including both current and long-term assets.

Southern Its Int (SITS) had 21M shares outstanding as of fiscal year 2015.

Southern Its Int (SITS) had a current ratio of 0.01 as of fiscal year 2015, which is below 1.0, which may suggest potential liquidity concerns.

Southern Its Int (SITS) had a debt-to-equity ratio of -1.01 as of fiscal year 2015, measuring the company's financial leverage by comparing total debt to shareholder equity.

Southern Its Int (SITS) had a return on assets of -3416.6% for fiscal year 2015, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2015 data, Southern Its Int (SITS) had $15K in cash against an annual operating cash burn of $31K. This gives an estimated cash runway of approximately 6 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.

Southern Its Int (SITS) has negative shareholder equity of -$3.0M as of fiscal year 2015, 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.

Southern Its Int (SITS) has a Piotroski F-Score of 2 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Southern Its Int (SITS) has an earnings quality ratio of 0.03x, 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.

Southern Its Int (SITS) has an interest coverage ratio of -6.6x, 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.

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