SOLIDUS COMMUNICATIONS INC Financials
This page shows SOLIDUS COMMUNICATIONS INC (SLDC) 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).
Solidus looks like a financing-dependent microbusiness, where cash preservation comes from outside capital rather than operating scale.
Between FY2015 and FY2016, operating margin improved from-379.1% to-145.1% even though revenue fell, which points to cost reduction rather than better scale economics. At the same time, cash conversion worsened as operating cash outflow widened from-$128K to-$268K , so the leaner income statement still did not make the business self-funding.
The balance sheet shows extreme short-term tightness: FY2016 current assets were just
FY2016 financing inflow was
Financial Health Signals
Based on FY2016 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 SOLIDUS COMMUNICATIONS INC'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.
SOLIDUS COMMUNICATIONS INC has an operating margin of -145.1%, meaning the company retains $-145 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 -379.1% the prior year.
SOLIDUS COMMUNICATIONS INC has a moderate D/E ratio of -1.01. This balance of debt and equity financing earns a leverage score of 49/100.
SOLIDUS COMMUNICATIONS INC's current ratio of 0.01 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
SOLIDUS COMMUNICATIONS INC passes 2 of 9 financial strength tests. 1 of 3 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, SOLIDUS COMMUNICATIONS INC generates $-0.42 in operating cash flow (-$268K OCF vs $644K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
SOLIDUS COMMUNICATIONS INC earns $-0.6 in operating income for every $1 of interest expense (-$213K vs $335K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
SOLIDUS COMMUNICATIONS INC generated $147K in revenue in fiscal year 2016. This represents a decrease of 15.5% from the prior year.
SOLIDUS COMMUNICATIONS INC's EBITDA was -$213K in fiscal year 2016, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 67.0% from the prior year.
SOLIDUS COMMUNICATIONS INC reported $644K in net income in fiscal year 2016.
SOLIDUS COMMUNICATIONS INC earned $0.00 per diluted share (EPS) in fiscal year 2016. This represents an increase of 105.0% from the prior year.
Cash & Balance Sheet
SOLIDUS COMMUNICATIONS INC held $21K in cash against $0 in long-term debt as of fiscal year 2016.
SOLIDUS COMMUNICATIONS INC had 215M shares outstanding in fiscal year 2016. This represents an increase of 74.3% from the prior year.
Margins & Returns
SOLIDUS COMMUNICATIONS INC's operating margin was -145.1% in fiscal year 2016, reflecting core business profitability. This is up 234.0 percentage points from the prior year.
SOLIDUS COMMUNICATIONS INC's net profit margin was 439.1% in fiscal year 2016, showing the share of revenue converted to profit.
Capital Allocation
SLDC Income Statement
| Metric | Q1'17 | Q4'16 | Q1'16 | Q4'15 | Q3'15 | Q2'15 | Q1'15 | Q4'14 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $32K | N/A | $38K | N/A | $39K | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | $39K | N/A | N/A | 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 | N/A | N/A | $172K | N/A | N/A | N/A |
| Operating Income | -$66K | N/A | -$139K | N/A | -$133K | N/A | N/A | N/A |
| Interest Expense | $53K | N/A | $302K | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | $495K | N/A | -$212K | N/A | N/A | N/A |
| EPS (Diluted) | $-0.00 | N/A | $0.00 | N/A | N/A | N/A | N/A | N/A |
SLDC Balance Sheet
| Metric | Q1'17 | Q4'16 | Q1'16 | Q4'15 | Q3'15 | Q2'15 | Q1'15 | Q4'14 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $32K-23.9% | $42K | N/A | $32K-58.7% | $78K+3885250.0% | $20.0% | $2-100.0% | $25K |
| Current Assets | $20K-25.8% | $27K | N/A | $17K-71.7% | $60K+3024600.0% | $20.0% | $2-100.0% | $22K |
| Cash & Equivalents | $9K-56.3% | $21K+182.1% | $8K-35.3% | $12K-63.1% | $32K+1590150.0% | $20.0% | $2-100.0% | $16K |
| Inventory | $5K0.0% | $5K | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $4K | N/A | N/A | $3K-10.4% | $4K | N/A | N/A | $6K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.5M+2.0% | $5.4M | N/A | $6.2M+8.2% | $5.7M+5.6% | $5.4M+3.7% | $5.2M+28870.3% | $18K |
| Current Liabilities | $5.5M+2.0% | $5.4M | N/A | $6.2M+6.1% | $5.8M+7.7% | $5.4M+3.7% | $5.2M+34562.7% | $15K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$5.5M-2.2% | -$5.3M+5.7% | -$5.7M+8.1% | -$6.2M-9.2% | -$5.7M-4.1% | -$5.4M-3.7% | -$5.2M-74968.6% | $7K |
| Retained Earnings | -$6.3M-2.7% | -$6.1M | N/A | -$6.8M-18.1% | -$5.7M+68.0% | -$17.9M-201.2% | $17.7M+197049.9% | $9K |
SLDC Cash Flow Statement
| Metric | Q1'17 | Q4'16 | Q1'16 | Q4'15 | Q3'15 | Q2'15 | Q1'15 | Q4'14 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $100K | N/A | -$80K-272.8% | -$21K | N/A | N/A | N/A | -$89K |
| 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 | -$112K | N/A | $76K+825.8% | -$10K | N/A | N/A | N/A | $81K |
| Dividends Paid | N/A | N/A | $62K-49.6% | $123K | 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 |
SLDC Financial Ratios
| Metric | Q1'17 | Q4'16 | Q1'16 | Q4'15 | Q3'15 | Q2'15 | Q1'15 | Q4'14 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | 100.0% | N/A | N/A | N/A |
| Operating Margin | -209.3% | N/A | -365.7% | N/A | -344.1% | N/A | N/A | N/A |
| Net Margin | N/A | N/A | 1296.6% | N/A | -546.1% | N/A | N/A | 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 | N/A | N/A | -272.3% | N/A | N/A | N/A |
| Current Ratio | 0.000.0 | 0.01 | N/A | 0.000.0 | 0.01+0.0 | 0.000.0 | 0.00-1.4 | 1.44 |
| Debt-to-Equity | -1.010.0 | -1.01 | N/A | -1.010.0 | -1.01-0.0 | -1.000.0 | -1.00-3.6 | 2.58 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$5.3M), 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
What is SOLIDUS COMMUNICATIONS INC's annual revenue?
SOLIDUS COMMUNICATIONS INC (SLDC) reported $147K in total revenue for fiscal year 2016. This represents a -15.5% 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 SOLIDUS COMMUNICATIONS INC's revenue growing?
SOLIDUS COMMUNICATIONS INC (SLDC) revenue declined by 15.5% year-over-year, from $174K to $147K in fiscal year 2016.
Is SOLIDUS COMMUNICATIONS INC profitable?
Yes, SOLIDUS COMMUNICATIONS INC (SLDC) reported a net income of $644K in fiscal year 2016, with a net profit margin of 439.1%.
What is SOLIDUS COMMUNICATIONS INC's EBITDA?
SOLIDUS COMMUNICATIONS INC (SLDC) had EBITDA of -$213K in fiscal year 2016, measuring earnings before interest, taxes, depreciation, and amortization.
What is SOLIDUS COMMUNICATIONS INC's operating margin?
SOLIDUS COMMUNICATIONS INC (SLDC) had an operating margin of -145.1% in fiscal year 2016, reflecting the profitability of core business operations before interest and taxes.
What is SOLIDUS COMMUNICATIONS INC's net profit margin?
SOLIDUS COMMUNICATIONS INC (SLDC) had a net profit margin of 439.1% in fiscal year 2016, representing the share of revenue converted into profit after all expenses.
What is SOLIDUS COMMUNICATIONS INC's operating cash flow?
SOLIDUS COMMUNICATIONS INC (SLDC) generated -$268K in operating cash flow during fiscal year 2016, representing cash generated from core business activities.
What are SOLIDUS COMMUNICATIONS INC's total assets?
SOLIDUS COMMUNICATIONS INC (SLDC) had $42K in total assets as of fiscal year 2016, including both current and long-term assets.
What is SOLIDUS COMMUNICATIONS INC's current ratio?
SOLIDUS COMMUNICATIONS INC (SLDC) had a current ratio of 0.01 as of fiscal year 2016, which is below 1.0, which may suggest potential liquidity concerns.
What is SOLIDUS COMMUNICATIONS INC's debt-to-equity ratio?
SOLIDUS COMMUNICATIONS INC (SLDC) had a debt-to-equity ratio of -1.01 as of fiscal year 2016, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is SOLIDUS COMMUNICATIONS INC's return on assets (ROA)?
SOLIDUS COMMUNICATIONS INC (SLDC) had a return on assets of 1548.7% for fiscal year 2016, measuring how efficiently the company uses its assets to generate profit.
What is SOLIDUS COMMUNICATIONS INC's cash runway?
Based on fiscal year 2016 data, SOLIDUS COMMUNICATIONS INC (SLDC) had $21K in cash against an annual operating cash burn of $268K. This gives an estimated cash runway of approximately 1 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 SOLIDUS COMMUNICATIONS INC's debt-to-equity ratio negative or unusual?
SOLIDUS COMMUNICATIONS INC (SLDC) has negative shareholder equity of -$5.3M as of fiscal year 2016, 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 SOLIDUS COMMUNICATIONS INC's Piotroski F-Score?
SOLIDUS COMMUNICATIONS INC (SLDC) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are SOLIDUS COMMUNICATIONS INC's earnings high quality?
SOLIDUS COMMUNICATIONS INC (SLDC) has an earnings quality ratio of -0.42x, 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 SOLIDUS COMMUNICATIONS INC cover its interest payments?
SOLIDUS COMMUNICATIONS INC (SLDC) has an interest coverage ratio of -0.6x, 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 SOLIDUS COMMUNICATIONS INC?
SOLIDUS COMMUNICATIONS INC (SLDC) scores 8 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.