Smg Inds Inc Financials

SMGI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2023 Currency USD FYE December

This page shows Smg Inds Inc (SMGI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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

Financial Profile 25/100

Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Smg Inds Inc has an operating margin of -4.2%, meaning the company retains $-4 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 -17.1% the prior year.

Growth

100

Smg Inds Inc's revenue surged 36.3% year-over-year to $71.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Liquidity

Smg Inds Inc's current ratio of 0.45 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow

While Smg Inds Inc generated -$725K in operating cash flow, capex of $301K consumed most of it, leaving -$1.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Smg Inds Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality

0.06x

For every $1 of reported earnings, Smg Inds Inc generates $0.06 in operating cash flow (-$725K OCF vs -$11.6M 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

-0.3x

Smg Inds Inc earns $-0.3 in operating income for every $1 of interest expense (-$3.0M vs $9.4M). 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

$71.0M

YoY+36.3%

5Y CAGR+95.8%

Smg Inds Inc generated $71.0M in revenue in fiscal year 2022. This represents an increase of 36.3% from the prior year.

EBITDA

$2.3M

YoY+165.5%

Smg Inds Inc's EBITDA was $2.3M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 165.5% from the prior year.

Free Cash Flow

-$1.0M

YoY+87.6%

Smg Inds Inc generated -$1.0M in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 87.6% from the prior year.

Net Income

-$11.6M

YoY-4.2%

Smg Inds Inc reported -$11.6M in net income in fiscal year 2022. This represents a decrease of 4.2% from the prior year.

EPS (Diluted)

$-0.32

YoY+34.7%

Smg Inds Inc earned $-0.32 per diluted share (EPS) in fiscal year 2022. This represents an increase of 34.7% from the prior year.

Cash & Debt

$127K

YoY-50.6%

5Y CAGR+8.3%

10Y CAGR-32.1%

Smg Inds Inc held $127K in cash against $42.3M in long-term debt as of fiscal year 2022.

Dividends Per Share

N/A

Shares Outstanding

39M

YoY+16.2%

5Y CAGR+34.6%

Smg Inds Inc had 39M shares outstanding in fiscal year 2022. This represents an increase of 16.2% from the prior year.

Gross Margin

8.1%

YoY+9.2pp

5Y CAGR-33.3pp

Smg Inds Inc's gross margin was 8.1% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 9.2 percentage points from the prior year.

Operating Margin

-4.2%

YoY+12.9pp

5Y CAGR+19.4pp

Smg Inds Inc's operating margin was -4.2% in fiscal year 2022, reflecting core business profitability. This is up 12.9 percentage points from the prior year.

Net Margin

-16.4%

YoY+5.0pp

5Y CAGR+13.3pp

Smg Inds Inc's net profit margin was -16.4% in fiscal year 2022, showing the share of revenue converted to profit. This is up 5.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$301K

YoY+210.7%

5Y CAGR+51.1%

Smg Inds Inc invested $301K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents an increase of 210.7% from the prior year.

SMGI Income Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Revenue	$71.0M+36.3%	$52.1M+95.4%	$26.7M+5142.4%	$509K-88.5%	$4.4M+79.3%	$2.5M
Cost of Revenue	$65.3M+23.8%	$52.7M+78.8%	$29.5M+2947.4%	$967K-65.1%	$2.8M+91.5%	$1.4M
Gross Profit	$5.7M+1055.2%	-$601K+78.6%	-$2.8M-513.0%	-$459K-127.7%	$1.7M+62.1%	$1.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$9.1M+8.4%	$8.4M+59.1%	$5.3M+208.4%	$1.7M-29.9%	$2.4M+104.9%	$1.2M
Operating Income	-$3.0M+66.3%	-$8.9M+16.1%	-$10.6M-279.9%	-$2.8M-232.7%	-$842K-44.6%	-$583K
Interest Expense	$9.4M+23.8%	$7.6M+100.4%	$3.8M+563.3%	$573K+84.8%	$310K+99.4%	$155K
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$11.6M-4.2%	-$11.1M+29.8%	-$15.9M-298.3%	-$4.0M-248.5%	-$1.1M-56.4%	-$731K
EPS (Diluted)	$-0.32+34.7%	$-0.49+45.6%	$-0.90-210.3%	$-0.29-163.6%	$-0.11+47.6%	$-0.21

Metric	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
Revenue	$33.3M+52.8%	$21.8M+4.4%	$20.9M+19.7%	$17.4M-3.6%	$18.1M+11.7%	$16.2M-7.5%	$17.5M+18.4%	$14.8M
Cost of Revenue	$31.0M+64.4%	$18.9M+3.4%	$18.2M+17.3%	$15.6M-8.2%	$16.9M+15.0%	$14.7M-6.6%	$15.8M+3.1%	$15.3M
Gross Profit	$2.3M-22.0%	$2.9M+11.3%	$2.6M+40.0%	$1.9M+64.6%	$1.1M-21.6%	$1.5M-15.8%	$1.7M+433.0%	-$519K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$5.2M+90.0%	$2.7M-11.1%	$3.1M+59.3%	$1.9M-16.0%	$2.3M-7.1%	$2.5M-35.0%	$3.8M+160.6%	$1.5M
Operating Income	-$2.9M-1524.7%	$203K+146.8%	-$433K-251.4%	$286K+125.0%	-$1.1M-13.8%	-$1.0M+50.1%	-$2.0M-2.3%	-$2.0M
Interest Expense	$1.3M-34.7%	$2.0M-31.9%	$2.9M+45.0%	$2.0M-8.3%	$2.2M-16.8%	$2.6M-12.4%	$3.0M+45.1%	$2.1M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.2M+29.9%	-$1.8M+50.0%	-$3.5M-100.5%	-$1.8M+41.8%	-$3.0M+16.8%	-$3.6M-8.5%	-$3.3M+7.4%	-$3.6M
EPS (Diluted)	$-0.01+75.0%	$-0.04	$-0.07-75.0%	$-0.04+50.0%	$-0.08+27.3%	$-0.110.0%	$-0.11+31.3%	$-0.16

SMGI Balance Sheet

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Total Assets	$22.2M-24.1%	$29.2M+6.6%	$27.4M+326.4%	$6.4M+82.4%	$3.5M+312.3%	$855K
Current Assets	$15.7M+4.9%	$15.0M+93.6%	$7.7M+354.6%	$1.7M+73.0%	$985K+33.8%	$737K
Cash & Equivalents	$127K-50.6%	$258K-2.3%	$264K+792.2%	$30K+1738.8%	$2K-98.1%	$86K
Inventory	N/A	N/A	N/A	$130K-7.6%	$141K-1.0%	$142K
Accounts Receivable	$12.2M+4.1%	$11.7M+137.8%	$4.9M+319.6%	$1.2M+66.6%	$704K+59.5%	$441K
Goodwill	N/A	N/A	$0	$0-100.0%	$186K	$0
Total Liabilities	$48.7M+7.3%	$45.4M+18.7%	$38.2M+420.1%	$7.4M+102.9%	$3.6M+152.1%	$1.4M
Current Liabilities	$34.8M+37.6%	$25.3M+33.9%	$18.9M+227.6%	$5.8M+139.6%	$2.4M+104.1%	$1.2M
Long-Term Debt	$42.3M+10.8%	$38.2M+28.2%	$29.8M+869.1%	$3.1M+100.0%	$1.5M+75.1%	$877K
Total Equity	-$26.5M-64.2%	-$16.2M-49.3%	-$10.8M-1074.0%	-$921K-840.7%	-$98K+83.2%	-$582K
Retained Earnings	-$44.6M-35.1%	-$33.0M-51.4%	-$21.8M-283.2%	-$5.7M-239.4%	-$1.7M-214.1%	-$534K

Metric	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
Total Assets	$76.1M+269.7%	$20.6M-5.9%	$21.9M-1.4%	$22.2M-16.1%	$26.4M-17.4%	$32.0M+9.6%	$29.2M-6.7%	$31.3M
Current Assets	$28.1M+79.2%	$15.7M-2.4%	$16.1M+2.3%	$15.7M-6.6%	$16.8M-7.4%	$18.2M+21.2%	$15.0M-1.5%	$15.2M
Cash & Equivalents	$3.7M+1648.4%	$210K-33.1%	$314K+146.5%	$127K-92.4%	$1.7M-29.6%	$2.4M+818.1%	$258K+14.5%	$225K
Inventory	$787K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$17.0M+28.3%	$13.2M+5.2%	$12.6M+3.1%	$12.2M+3.9%	$11.7M-6.7%	$12.6M+7.4%	$11.7M+3.8%	$11.3M
Goodwill	$2.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$61.1M+17.9%	$51.8M+0.9%	$51.4M+5.5%	$48.7M-0.2%	$48.8M-5.0%	$51.4M+13.3%	$45.4M-1.2%	$45.9M
Current Liabilities	$56.0M+41.8%	$39.5M+4.1%	$37.9M+8.9%	$34.8M+25.4%	$27.8M-1.3%	$28.1M+11.3%	$25.3M-12.5%	$28.9M
Long-Term Debt	$50.0M+17.2%	$42.7M-0.4%	$42.9M+1.3%	$42.3M-2.6%	$43.4M-3.0%	$44.8M+17.3%	$38.2M+4.4%	$36.6M
Total Equity	$15.0M+148.0%	-$31.3M-5.9%	-$29.5M-11.2%	-$26.5M-18.5%	-$22.4M-15.5%	-$19.4M-19.9%	-$16.2M-10.6%	-$14.6M
Retained Earnings	-$47.8M-2.9%	-$46.4M-3.9%	-$44.7M-0.1%	-$44.6M-12.5%	-$39.7M-8.2%	-$36.7M-11.0%	-$33.0M-11.3%	-$29.7M

SMGI Cash Flow Statement

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Operating Cash Flow	-$725K+91.1%	-$8.2M-105.8%	-$4.0M-1164.0%	-$314K+18.2%	-$384K+7.7%	-$417K
Capital Expenditures	$301K+210.7%	$97K-76.0%	$404K+1338.1%	$28K-75.9%	$117K+204.8%	$38K
Free Cash Flow	-$1.0M+87.6%	-$8.3M-89.0%	-$4.4M-1178.3%	-$342K+31.6%	-$501K-10.1%	-$455K
Investing Cash Flow	$594K+550.0%	-$132K+98.1%	-$6.8M-1158.2%	-$543K-35.0%	-$403K-2256.5%	-$17K
Financing Cash Flow	$248K-97.1%	$8.4M-28.2%	$11.8M+1227.3%	$886K+26.0%	$703K+41.5%	$497K
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	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
Operating Cash Flow	$654K+1033.2%	$58K-93.4%	$878K+705.0%	-$145K-115.1%	$964K+144.5%	-$2.2M+24.2%	-$2.9M-149.1%	-$1.1M
Capital Expenditures	$1.3M+16308.8%	$8K+30.0%	$6K-97.6%	$254K+994.4%	$23K-37.3%	$37K	$0	$0
Free Cash Flow	-$666K-1440.2%	$50K-94.3%	$872K+318.3%	-$399K-142.5%	$940K+142.7%	-$2.2M+22.9%	-$2.9M-149.1%	-$1.1M
Investing Cash Flow	-$25.4M-315503.1%	-$8K-71.6%	-$5K-101.5%	$312K+2.0%	$306K+926.7%	-$37K	$0	$0
Financing Cash Flow	$28.2M+18499.0%	-$153K+77.7%	-$687K-57.9%	-$435K+77.9%	-$2.0M-145.0%	$4.4M+44.3%	$3.0M+121.0%	$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

SMGI Financial Ratios

Metric	FY22	FY21	FY20	FY19	FY18	FY17
Gross Margin	8.1%+9.2pp	-1.1%+9.4pp	-10.5%+79.6pp	-90.2%-127.6pp	37.4%-4.0pp	41.4%
Operating Margin	-4.2%+12.9pp	-17.1%+22.8pp	-39.9%+511.1pp	-551.1%-532.0pp	-19.1%+4.6pp	-23.6%
Net Margin	-16.4%+5.0pp	-21.4%+38.1pp	-59.5%+723.8pp	-783.3%-757.5pp	-25.9%+3.8pp	-29.6%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-52.3%-14.2pp	-38.1%+19.7pp	-57.9%+4.1pp	-62.0%-29.5pp	-32.4%+53.0pp	-85.5%
Current Ratio	0.45-0.1	0.59+0.2	0.41+0.1	0.30-0.1	0.41-0.2	0.62
Debt-to-Equity	-1.59+0.8	-2.36+0.4	-2.75+0.6	-3.33+12.3	-15.68-14.2	-1.51
FCF Margin	-1.5%+14.4pp	-15.9%+0.5pp	-16.4%+50.9pp	-67.3%-56.0pp	-11.3%+7.1pp	-18.4%

Metric	Q3'23	Q2'23	Q1'23	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21
Gross Margin	6.9%-6.6pp	13.4%+0.8pp	12.6%+1.8pp	10.8%+4.5pp	6.3%-2.7pp	9.0%-0.9pp	9.9%+13.4pp	-3.5%
Operating Margin	-8.7%-9.6pp	0.9%+3.0pp	-2.1%-3.7pp	1.6%+8.0pp	-6.3%-0.1pp	-6.2%+5.3pp	-11.6%+1.8pp	-13.4%
Net Margin	-3.7%+4.4pp	-8.1%+8.8pp	-16.9%-6.8pp	-10.1%+6.6pp	-16.7%+5.7pp	-22.4%-3.3pp	-19.1%+5.3pp	-24.4%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-1.6%+6.9pp	-8.6%+7.6pp	-16.1%-8.2pp	-7.9%+3.5pp	-11.4%-0.1pp	-11.3%+0.1pp	-11.5%+0.1pp	-11.5%
Current Ratio	0.50+0.1	0.40-0.0	0.42-0.0	0.45-0.2	0.61-0.0	0.65+0.1	0.59+0.1	0.53
Debt-to-Equity	3.33+4.7	-1.37+0.1	-1.45+0.1	-1.59+0.3	-1.94+0.4	-2.31+0.1	-2.36+0.1	-2.50
FCF Margin	-2.0%-2.2pp	0.2%-3.9pp	4.2%+6.5pp	-2.3%-7.5pp	5.2%+18.8pp	-13.6%+2.7pp	-16.3%-8.6pp	-7.8%

Note: Shareholder equity is negative (-$26.5M), 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 (0.45), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Smg Inds Inc's annual revenue?

Smg Inds Inc (SMGI) reported $71.0M in total revenue for fiscal year 2022. This represents a 36.3% 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 Smg Inds Inc's revenue growing?

Smg Inds Inc (SMGI) revenue grew by 36.3% year-over-year, from $52.1M to $71.0M in fiscal year 2022.

Is Smg Inds Inc profitable?

No, Smg Inds Inc (SMGI) reported a net income of -$11.6M in fiscal year 2022, with a net profit margin of -16.4%.

What is Smg Inds Inc's earnings per share (EPS)?

Smg Inds Inc (SMGI) reported diluted earnings per share of $-0.32 for fiscal year 2022. This represents a 34.7% 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 Smg Inds Inc's EBITDA?

Smg Inds Inc (SMGI) had EBITDA of $2.3M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Smg Inds Inc have?

As of fiscal year 2022, Smg Inds Inc (SMGI) had $127K in cash and equivalents against $42.3M in long-term debt.

What is Smg Inds Inc's gross margin?

Smg Inds Inc (SMGI) had a gross margin of 8.1% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.

What is Smg Inds Inc's operating margin?

Smg Inds Inc (SMGI) had an operating margin of -4.2% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.

What is Smg Inds Inc's net profit margin?

Smg Inds Inc (SMGI) had a net profit margin of -16.4% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.

What is Smg Inds Inc's free cash flow?

Smg Inds Inc (SMGI) generated -$1.0M in free cash flow during fiscal year 2022. This represents a 87.6% 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 Smg Inds Inc's operating cash flow?

Smg Inds Inc (SMGI) generated -$725K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.

What are Smg Inds Inc's total assets?

Smg Inds Inc (SMGI) had $22.2M in total assets as of fiscal year 2022, including both current and long-term assets.

What are Smg Inds Inc's capital expenditures?

Smg Inds Inc (SMGI) invested $301K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.

How many shares does Smg Inds Inc have outstanding?

Smg Inds Inc (SMGI) had 39M shares outstanding as of fiscal year 2022.

What is Smg Inds Inc's current ratio?

Smg Inds Inc (SMGI) had a current ratio of 0.45 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.

What is Smg Inds Inc's debt-to-equity ratio?

Smg Inds Inc (SMGI) had a debt-to-equity ratio of -1.59 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Smg Inds Inc's return on assets (ROA)?

Smg Inds Inc (SMGI) had a return on assets of -52.3% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.

What is Smg Inds Inc's cash runway?

Based on fiscal year 2022 data, Smg Inds Inc (SMGI) had $127K in cash against an annual operating cash burn of $725K. This gives an estimated cash runway of approximately 2 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 Smg Inds Inc's debt-to-equity ratio negative or unusual?

Smg Inds Inc (SMGI) has negative shareholder equity of -$26.5M as of fiscal year 2022, 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 Smg Inds Inc's Piotroski F-Score?

Smg Inds Inc (SMGI) has a Piotroski F-Score of 3 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.

Are Smg Inds Inc's earnings high quality?

Smg Inds Inc (SMGI) has an earnings quality ratio of 0.06x, 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 Smg Inds Inc cover its interest payments?

Smg Inds Inc (SMGI) has an interest coverage ratio of -0.3x, 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 Smg Inds Inc?

Smg Inds Inc (SMGI) scores 25 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.