SPI Energy Co (SPIEF) Financials
Newest figures come from the filing for Q3 FY2023, filed Nov 20, 2023. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SPIEF SEC filings page.
SPI Energy Co Ltd (SPIEF) reported $210.3M in revenue over the twelve months to Sep 30, 2023, up 21.2% from the prior twelve months. This page shows its 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.
SPI Energy’s 2022 recovery improved margins and cash consumption, but liabilities still finance most assets and short-term liquidity remains tight.
From FY2021 to FY2022, revenue rose9.6% while gross profit rose36.4% . That margin recovery reflects improvement from a weak base, not yet a profitable operating model.
The balance sheet is structurally strained: liabilities represented
Operating cash outflow narrowed from
Financial Health Signals
We do not publish a peer-relative financial health score for SPI Energy Co Ltd, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
SPI Energy Co Ltd passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
SPI Energy Co Ltd reported a net loss of $33.7M while operations used $16.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
SPI Energy Co Ltd reported an operating loss of $28.6M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
SPI Energy Co Ltd generated $55.9M in revenue in Q3 2023. This represents an increase of 30.7% from the same quarter a year earlier. Against the prior quarter it is down 5.0%.
SPI Energy Co Ltd reported a net loss of $2.0M in Q3 2023. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
SPI Energy Co Ltd earned -$0.06 per diluted share (EPS) in Q3 2023. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2023.
Cash & Balance Sheet
SPI Energy Co Ltd held $5.5M in cash as of Q3 2023; no long-term debt figure is on record for that period.
Not reported for Q3 2023.
Not reported for Q3 2023.
Margins & Returns
SPI Energy Co Ltd's gross margin was 13.4% in Q3 2023, indicating the percentage of revenue retained after direct costs. This is up 19.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.5 percentage points.
SPI Energy Co Ltd's operating margin was 1.7% in Q3 2023, reflecting core business profitability. This is up 25.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.9 percentage points.
SPI Energy Co Ltd's net profit margin was -3.6% in Q3 2023, showing the share of revenue converted to profit. This is up 27.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.
SPI Energy Co Ltd's quarterly ROE was -15.9% in Q3 2023: one quarter's net income over shareholder equity, not annualized. This is up 57.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 83.1 percentage points.
Capital Allocation
None of these metrics is reported for Q3 2023.
SPIEF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $55.9M+30.7% | $58.9M+21.1% | $47.9M+24.4% | $47.6M+9.2% | $42.8M+9.9% | $48.6M+6.0% | $38.5M+14.6% | $43.6M |
| Cost of Revenue | $48.5M+7.2% | $53.6M+19.9% | $43.4M+21.2% | $37.3M-5.0% | $45.2M+12.8% | $44.7M+10.2% | $35.8M+13.8% | $39.2M |
| Gross Profit | $7.5Mn/m | $5.2M+35.3% | $4.5M+66.0% | $10.3M+136.8% | -$2.4Mn/m | $3.9M-26.0% | $2.7M+26.7% | $4.4M |
| SG&A Expenses | $6.5M+7.3% | $7.5M-16.9% | $11.7M+13.1% | $15.1M-11.8% | $6.1M-52.0% | $9.0M+1.2% | $10.4M-2.5% | $17.2M |
| Operating Income | $961Kn/m | -$3.1Mn/m | -$7.3Mn/m | -$6.0Mn/m | -$10.0Mn/m | -$5.6Mn/m | -$7.0Mn/m | -$13.0M |
| Income Tax | $627K-10.4% | $686K+50.8% | $384K+50.0% | $581K+492.9% | $700K+41.1% | $455K-16.7% | $256K-18.5% | $98K |
| Net Income | -$2.0Mn/m | -$2.5Mn/m | -$9.4Mn/m | -$11.1Mn/m | -$13.4Mn/m | -$2.3Mn/m | -$6.8Mn/m | -$13.8M |
| EPS (Basic) | -$0.06n/m | -$0.08n/m | -$0.31n/m | -$0.47n/m | -$0.48n/m | -$0.08n/m | -$0.27 | -$0.58 |
| EPS (Diluted) | -$0.06n/m | -$0.08n/m | -$0.31n/m | -$0.47n/m | -$0.48n/m | -$0.08n/m | -$0.27 | -$0.58 |
| Diluted Shares (Avg) | 31M+10.7% | 30M+10.4% | 30M+17.5% | N/A | 28M+16.2% | 27M+14.3% | 26M | N/A |
Not reported in any period shown, so not listed: R&D Expenses, EBITDA, Interest Expense.
SPIEF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $230.2M+2.7% | $230.5M+0.9% | $230.3M+1.2% | $231.1M+1.3% | $224.2M | $228.5M | $227.5M | $228.1M+5.1% |
| Current Assets | $81.0M-2.4% | $82.1M-6.2% | $81.5M-4.3% | $82.0M-2.5% | $83.0M | $87.6M | $85.1M | $84.1M+6.0% |
| Cash & Equivalents | $5.5M+15.5% | $4.5M-66.9% | $2.7M-29.4% | $3.4M-65.2% | $4.8M-75.8% | $13.6M-40.4% | $3.8M-87.5% | $9.8M-74.9% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $34.1M+31.5% | $35.3M+48.9% | $33.3M+23.0% | $24.4M+5.1% | $26.0M | $23.7M | $27.1M | $23.2M+34.7% |
| Accounts Receivable | $24.2M+24.6% | $24.6M+27.8% | $24.1M-1.7% | $21.2M-6.3% | $19.4M | $19.2M | $24.5M | $22.6M+32.5% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Goodwill | $625K-87.2% | $4.9M0.0% | $4.9M0.0% | $625K-87.2% | $4.9M | $4.9M | $4.9M | $4.9M+7.7% |
| Total Liabilities | $214.2M+7.1% | $222.3M+15.9% | $219.8M+7.0% | $213.2M+5.5% | $200.1M | $191.8M | $205.3M | $202.1M+19.9% |
| Current Liabilities | $195.7M+8.8% | $198.8M+16.8% | $196.9M+10.6% | $189.7M+9.1% | $179.8M | $170.2M | $178.1M | $173.8M+14.7% |
| Non-Current Liabilities | $18.5M-8.3% | $23.5M+8.9% | $22.8M-16.0% | $23.5M-16.8% | $20.2M | $21.6M | $27.2M | $28.3M+65.6% |
| Long-Term Debt | N/A | N/A | $6.6M-45.2% | $6.6M-48.5% | $6.4M | $6.9M | $12.0M | $12.8M+101.4% |
| Total Equity | $12.6M-31.2% | $2.5M-92.1% | $4.7M-75.7% | $12.2M-45.6% | $18.3M | $31.6M | $19.3M | $22.4M-50.4% |
| Retained Earnings | -$684.7Mn/m | -$682.7Mn/m | -$680.2Mn/m | -$670.8Mn/m | -$660.0M | -$646.5M | -$644.2M | -$637.4Mn/m |
SPIEF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.8Mn/m | -$611Kn/m | -$4.9Mn/m | -$3.0Mn/m | -$1.4Mn/m | -$3.0Mn/m | -$8.6Mn/m | -$5.0M |
| Stock-Based Compensation | $1.0M+26.2% | $404K+18.8% | $617K-49.3% | N/A | $793K-71.9% | $340Kn/m | $1.2M-60.4% | N/A |
| Capital Expenditures | N/A | $1.6M-8.9% | $354K+59.5% | N/A | $3.8M | $1.8M | $222K | N/A |
| Free Cash Flow | N/A | -$2.3Mn/m | -$5.2Mn/m | N/A | -$5.2M | -$4.8M | -$8.8M | N/A |
| Investing Cash Flow | $564Kn/m | -$1.6Mn/m | -$354K-132.3% | -$3.5M-1994.1% | -$4.2Mn/m | -$1.5Mn/m | $1.1Mn/m | $187K |
| Financing Cash Flow | -$4.5Mn/m | $2.1M-84.3% | -$2.0M-194.6% | $3.8M+14.4% | -$2.4M-162.4% | $13.7M+85.1% | $2.1M-45.7% | $3.3M |
Not reported in any period shown, so not listed: Depreciation & Amortization, Dividends Paid, Share Buybacks.
SPIEF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 13.4%+19.0pp | 8.9%+0.9pp | 9.4%+2.3pp | 21.7%+11.7pp | -5.6%-2.8pp | 8.0%-3.4pp | 7.0%+0.7pp | 10.0% |
| Operating Margin | 1.7%+25.2pp | -5.2%+6.3pp | -15.2%+2.9pp | -12.7%+17.3pp | -23.4%+17.5pp | -11.5%-2.8pp | -18.1%+7.1pp | -29.9% |
| Net Margin | -3.6%+27.8pp | -4.2%+0.6pp | -19.6%-1.9pp | -23.4%+8.3pp | -31.4%+10.9pp | -4.8%+9.3pp | -17.8%+6.3pp | -31.6% |
| Return on Equity | -15.9%+57.7pp | -99.0%-91.7pp | -200.6%-165.1pp | -91.3%-29.8pp | -73.6% | -7.3% | -35.5% | -61.5% |
| Return on Assets | -0.9%+5.1pp | -1.1%-0.1pp | -4.1%-1.1pp | -4.8%+1.2pp | -6.0% | -1.0% | -3.0% | -6.0% |
| Current Ratio | 0.410.0x | 0.41-0.1x | 0.41-0.1x | 0.43-0.1x | 0.46 | 0.51 | 0.48 | 0.480.0x |
| Debt-to-Equity | N/A | N/A | 1.41+0.8x | 0.540.0x | 0.35 | 0.22 | 0.62 | 0.57+0.4x |
| Liabilities-to-Equity | 17.06+6.1x | 89.07+83.0x | 46.86+36.2x | 17.49+8.5x | 10.96 | 6.07 | 10.65 | 9.01+5.3x |
| Asset Turnover | 0.24+0.1x | 0.260.0x | 0.210.0x | 0.210.0x | 0.19 | 0.21 | 0.17 | 0.19 |
| FCF Margin | N/A | -3.8%+6.0pp | -10.9%+11.9pp | N/A | -12.2% | -9.8% | -22.9% | N/A |
Note: The current ratio is below 1.0 (0.43), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| SPI Energy Co Ltd SPIEF | FY2022 | $177.5M | -$33.7M | -19.0% | N/A | — |
| SunHydrogen Inc. HYSR | FY2026 | $1K | -$6.5M | N/A | $90.3M | — |
| SinglePoint Inc SING | FY2024 | $20.3M | -$28.9M | N/A | $8K | — |
Where SPI Energy Co Ltd Ranks
Frequently Asked Questions
SPI Energy Co Ltd (SPIEF) reported $177.5M in total revenue for fiscal year 2022. This represents a 9.6% 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.
SPI Energy Co Ltd (SPIEF) revenue grew by 9.6% year-over-year, from $162.0M to $177.5M in fiscal year 2022.
No, SPI Energy Co Ltd (SPIEF) reported a net loss of $25.0M over the trailing 12 months to September 30, 2023. In fiscal year 2022 it reported a net loss of $33.7M, with a net profit margin of -19.0%.
SPI Energy Co Ltd (SPIEF) had EBITDA of -$25.4M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2022, SPI Energy Co Ltd (SPIEF) had $3.4M in cash and equivalents against $6.6M in long-term debt.
SPI Energy Co Ltd (SPIEF) had a gross margin of 8.2% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
SPI Energy Co Ltd (SPIEF) had an operating margin of -16.1% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
SPI Energy Co Ltd (SPIEF) had a net profit margin of -19.0% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
SPI Energy Co Ltd (SPIEF) has a return on equity of -276.6% for fiscal year 2022, measuring how efficiently the company generates profit from shareholder equity.
SPI Energy Co Ltd (SPIEF) recorded an outflow of $16.0M in operating cash flow during fiscal year 2022, representing cash used by core business activities.
SPI Energy Co Ltd (SPIEF) had $231.1M in total assets as of fiscal year 2022, including both current and long-term assets.
SPI Energy Co Ltd (SPIEF) invested $1.5M in research and development during fiscal year 2022.
SPI Energy Co Ltd (SPIEF) had a current ratio of 0.43 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
SPI Energy Co Ltd (SPIEF) had a debt-to-equity ratio of 0.54 as of fiscal year 2022. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
SPI Energy Co Ltd (SPIEF) had a liabilities-to-equity ratio of 17.49 as of fiscal year 2022, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
SPI Energy Co Ltd (SPIEF) had a return on assets of -14.6% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
At the end of fiscal year 2022, SPI Energy Co Ltd (SPIEF) held $3.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $16.0M over that year. Dividing the one by the other, the reported balance equals about 3 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
SPI Energy Co Ltd (SPIEF) has a Piotroski F-Score of 5 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.
SPI Energy Co Ltd (SPIEF) reported a net loss of $33.7M while operations used $16.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
SPI Energy Co Ltd (SPIEF) reported an operating loss of $28.6M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.