What is SPI ENERGY CO LTD's earnings per share (EPS)?

SPI ENERGY CO LTD (SPIEF) reported diluted earnings per share of -$1.30 for fiscal year 2022. This represents a 31.6% 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.

SPI ENERGY CO LTD (SPIEF) Financials

SPIEF

Trailing 12 months to September 30, 2023

Revenue $210.3M +21.2% YoY

Net Income -$25.0M +31.3% YoY

EPS (Diluted) -$0.92 +34.8% YoY

Operating Cash Flow -$709K +96.1% YoY

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2023, ended Sep 30, 2023 Reported Nov 20, 2023 Currency USD FYE December

Newest figures come from the 10-Q 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 (10-K and 10-Q reports).

Rhea AI SPIEF FY2022 2026-09-05

SPI Energy’s thin gross margins and overhead kept growth dependent on external financing rather than self-funded operations.

The 2022 gross-margin recovery to 8.2% did not translate into operating profitability, which remained -16.1%, showing that overhead still overwhelms product-level economics. Operating cash flow was -$16.0M while financing supplied $17.3M, so reported growth remained reliant on funding outside day-to-day operations.

Current assets of $82.0M versus current liabilities of $189.7M expose a persistent working-capital mismatch. A 0.4x current ratio limits flexibility in meeting near-term obligations.

The cash deficit is being bridged externally: financing provided $17.3M in FY2022 while operating cash flow was -$16.0M. Shares outstanding also rose from 26.4M shares to 30.3M shares, linking that funding pattern with dilution rather than internally generated cash.

Financial Health Signals

Financial health score not available

SPI ENERGY CO LTD does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-4.26

SPI ENERGY CO LTD scores -4.26, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3K) relative to total liabilities ($213.2M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

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.

Earnings Quality No Cash Backing

N/A

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.

Interest Coverage At Risk

N/A

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

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Earnings & Revenue

Revenue

$55.9M

YoY+30.7%

QoQ-5.0%

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%.

Net Income

-$2.0M

YoY+85.1%

QoQ+19.1%

SPI ENERGY CO LTD reported -$2.0M in net income in Q3 2023. This represents an increase of 85.1% from the same quarter a year earlier. Against the prior quarter it is up 19.1%.

EPS (Diluted)

-$0.06

YoY+87.5%

QoQ+25.0%

SPI ENERGY CO LTD earned -$0.06 per diluted share (EPS) in Q3 2023. This represents an increase of 87.5% from the same quarter a year earlier. Against the prior quarter it is up 25.0%.

EBITDA

Not reported for Q3 2023.

Cash & Balance Sheet

Free Cash Flow

$6.7M

YoY+227.3%

QoQ+395.5%

SPI ENERGY CO LTD generated $6.7M in free cash flow in Q3 2023, representing cash available after capex. This represents an increase of 227.3% from the same quarter a year earlier. Against the prior quarter it is up 395.5%.

Cash & Debt

$5.5M

YoY+15.5%

QoQ+22.4%

5Y CAGR-48.8%

SPI ENERGY CO LTD held $5.5M in cash as of Q3 2023; long-term debt is not reported for that period.

Shares Outstanding

32M

YoY+9.6%

QoQ+2.4%

SPI ENERGY CO LTD had 32M shares outstanding in Q3 2023. This represents an increase of 9.6% from the same quarter a year earlier. Against the prior quarter it is up 2.4%.

Dividends Per Share

Not reported for Q3 2023.

Margins & Returns

Gross Margin

13.4%

YoY+19.0pp

QoQ+4.5pp

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.

Operating Margin

1.7%

YoY+25.2pp

QoQ+6.9pp

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.

Net Margin

-3.6%

YoY+27.8pp

QoQ+0.6pp

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.

Return on Equity

-15.9%

YoY+57.7pp

QoQ+83.1pp

SPI ENERGY CO LTD's ROE was -15.9% in Q3 2023, measuring profit generated per dollar of shareholder equity. 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

Capital Expenditures

$1.1M

YoY-70.4%

QoQ-31.6%

SPI ENERGY CO LTD invested $1.1M in capex in Q3 2023, funding long-term assets and infrastructure. This represents a decrease of 70.4% from the same quarter a year earlier. Against the prior quarter it is down 31.6%.

R&D Spending

Not reported for Q3 2023.

Share Buybacks

Not 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.

SPIEF quarterly income statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Revenue	$210.3M	$177.5M+9.6%	$162.0M+16.9%	$138.6M+41.6%	$97.9M-22.1%	$125.6M+3.3%	$121.5M+6.0%	$114.6M-39.8%	$190.5M+107.9%	$91.6M+115.0%	$42.6M-57.4%	$100.0M-3.0%	$103.1M+191.6%	$35.4M
Cost of Revenue	$182.8M	$163.0M+7.7%	$151.4M+24.3%	$121.8M+34.3%	$90.7M-20.8%	$114.5M+2.8%	$111.4M+9.1%	$102.1M-44.0%	$182.4M+129.5%	$79.5M+75.1%	$45.4M-50.3%	$91.4M-26.2%	$123.9M+312.0%	$30.1M
Gross Profit	$27.5M	$14.5M+36.4%	$10.6M-37.0%	$16.9M+134.4%	$7.2M-35.0%	$11.1M+9.6%	$10.1M-16.4%	$12.1M+48.8%	$8.1M-33.3%	$12.2M+539.0%	-$2.8M-132.2%	$8.6M+141.3%	-$20.8M-493.3%	$5.3M
R&D Expenses	N/A	$1.5M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$1.8M	N/A	N/A	N/A
SG&A Expenses	$36.0M	$35.6M-14.9%	$41.8M+209.8%	$13.5M-11.0%	$15.2M+24.0%	$12.2M-12.6%	$14.0M+1.9%	$13.7M-82.1%	$76.7M+826.2%	$8.3M+0.7%	$8.2M-37.0%	$13.1M+84.0%	$7.1M-7.1%	$7.6M
Operating Income	-$15.4M	-$28.6M+31.0%	-$41.5M-45678.0%	$91K+100.5%	-$19.2M-549.4%	-$3.0M+68.2%	-$9.3M+89.9%	-$91.6M+44.2%	-$164.2M-3739.4%	$4.5M+114.3%	-$31.6M-32.9%	-$23.8M-1162.4%	$2.2M+132.2%	-$7.0M
EBITDA	N/A	-$25.4M+33.4%	-$38.1M-1258.7%	$3.3M+119.1%	-$17.2M-883.4%	-$1.7M+77.6%	-$7.8M+91.0%	-$87.2M+45.1%	-$158.7M-2598.4%	$6.4M+121.3%	-$29.8M-35.2%	-$22.0M-714.9%	$3.6M+163.0%	-$5.7M
Interest Expense	N/A	$1.3M+3.5%	$1.2M-68.0%	$3.8M-3.3%	$3.9M-43.6%	$7.0M-28.2%	$9.7M+85.8%	$5.2M-54.8%	$11.5M+411.0%	$2.3M-47.7%	$4.3M+6.3%	$4.1M+172.8%	$1.5M+4.0%	$1.4M
Income Tax	$2.3M	$2.0M+37.0%	$1.5M+217.5%	$458K+397.8%	$92K-72.3%	$332K+142.3%	$137K-77.4%	$606K-10.0%	$673K-77.9%	$3.0M+273.9%	$813K+1116.3%	-$80K-142.8%	$187K+232.6%	-$141K
Net Income	-$25.0M	-$33.7M+24.8%	-$44.8M-588.2%	-$6.5M+57.3%	-$15.3M-24.2%	-$12.3M+86.5%	-$91.1M+58.7%	-$220.7M-19.4%	-$184.8M-3456.5%	-$5.2M+83.9%	-$32.2M-26.8%	-$25.4M-5415.8%	-$461K+95.1%	-$9.4M
EPS (Basic)	N/A	-$1.30+31.6%	-$1.90-375.0%	-$0.40+66.7%	-$1.20	N/A	-$13.00+61.8%	-$34.00-13.3%	-$30.00-149900.0%	-$0.02+87.5%	-$0.16-23.1%	-$0.13-1400.0%	$0.01	N/A
EPS (Diluted)	-$0.92	-$1.30+31.6%	-$1.90	N/A	N/A	N/A	-$13.00	-$34.00-13.3%	-$30.00	-$0.02	-$0.16-23.1%	-$0.13-1400.0%	$0.01	N/A
Diluted Shares (Avg)	N/A	27M+9.6%	24M+52.1%	16M+24.9%	13M	7M+6.4%	7M	6M+4.8%	6M	307M	198M+4.1%	190M+3.3%	184M	N/A

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
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	$7.5M+409.8%	$5.2M+35.3%	$4.5M+66.0%	$10.3M+136.8%	-$2.4M-118.7%	$3.9M-26.0%	$2.7M+26.7%	$4.4M
SG&A Expenses	$5.8M+6.9%	$6.3M-17.5%	$10.5M+15.3%	$13.4M-10.8%	$5.4M-43.0%	$7.6M-0.6%	$9.1M-4.9%	$15.0M
Operating Income	$961K+109.6%	-$3.1M+45.2%	-$7.3M-4.1%	-$6.0M+53.8%	-$10.0M+37.1%	-$5.6M-40.8%	-$7.0M+17.8%	-$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	-$2.0M+85.1%	-$2.5M-6.9%	-$9.4M-37.4%	-$11.1M+19.3%	-$13.4M+18.4%	-$2.3M+64.2%	-$6.8M+15.5%	-$13.8M
EPS (Basic)	-$0.06+87.5%	-$0.080.0%	-$0.31-14.8%	-$0.47+19.0%	-$0.48+30.4%	-$0.08+70.4%	-$0.27	-$0.58
EPS (Diluted)	-$0.06+87.5%	-$0.080.0%	-$0.31-14.8%	-$0.47+19.0%	-$0.48+30.4%	-$0.08+70.4%	-$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

SPIEF quarterly balance sheet

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Total Assets	$231.1M+1.3%	$228.1M+5.1%	$217.0M+21.3%	$178.9M-5.2%	$188.7M-40.5%	$317.3M-12.3%	$361.8M-49.0%	$709.6M+20.7%	$587.9M+728.5%	$71.0M-56.4%	$162.8M-10.4%	$181.7M+379.2%	$37.9M
Current Assets	$82.0M-2.5%	$84.1M+6.0%	$79.3M+40.4%	$56.5M-23.5%	$73.9M-43.7%	$131.3M-14.9%	$154.3M-60.8%	$393.6M+3.2%	$381.3M+1480.4%	$24.1M-82.9%	$141.0M-11.2%	$158.8M+642.3%	$21.4M
Cash & Equivalents	$3.4M-65.2%	$9.8M-74.9%	$38.9M+1306.7%	$2.8M-33.3%	$4.1M+85.0%	$2.2M-52.7%	$4.7M-94.2%	$82.1M-47.5%	$156.5M+15083.3%	$1.0M-94.2%	$17.8M-27.3%	$24.5M+355.6%	$5.4M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0-100.0%	$27.4M	$0	$0	$0	$0
Inventory	$24.4M+5.1%	$23.2M+34.7%	$17.3M+25.2%	$13.8M+15.7%	$11.9M-24.8%	$15.8M+29.1%	$12.3M-55.0%	$27.2M+290.6%	$7.0M+30226.1%	$23K-98.6%	$1.6M-79.6%	$7.9M+94.5%	$4.1M
Accounts Receivable	$21.2M-6.3%	$22.6M+32.5%	$17.1M+3.2%	$16.5M-40.5%	$27.8M+132.4%	$12.0M-73.8%	$45.6M-37.8%	$73.4M+223.9%	$22.7M+261.9%	$6.3M-85.7%	$43.8M-38.6%	$71.3M+1091.3%	$6.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$625K-87.2%	$4.9M+7.7%	$4.5M+626.2%	$626K-3.8%	$651K-4.7%	$683K	$0-100.0%	$76.0M+15.0%	$66.0M	N/A	$0-100.0%	$5.2M+1095.4%	$435K
Total Liabilities	$213.2M+5.5%	$202.1M+19.9%	$168.6M-8.5%	$184.3M-2.3%	$188.7M-54.5%	$415.0M+10.7%	$374.7M-24.0%	$493.0M+51.3%	$325.8M+341.3%	$73.8M-46.8%	$138.7M+4.8%	$132.3M+332.9%	$30.6M
Current Liabilities	$189.7M+9.1%	$173.8M+14.7%	$151.6M-11.7%	$171.6M+3.0%	$166.5M-56.9%	$386.3M+16.9%	$330.5M-30.2%	$473.6M+87.7%	$252.3M+315.8%	$60.7M-48.8%	$118.5M+21.3%	$97.7M+513.4%	$15.9M
Non-Current Liabilities	$23.5M-16.8%	$28.3M+65.6%	$17.1M+33.8%	$12.8M-42.3%	$22.1M-22.8%	$28.6M-35.2%	$44.2M+127.2%	$19.5M-73.5%	$73.5M+458.8%	$13.2M-34.9%	$20.2M-41.6%	$34.6M+136.4%	$14.6M
Long-Term Debt	$6.6M-48.5%	$12.8M+101.4%	$6.4M+5.2%	$6.0M-9.5%	$6.7M-10.4%	$7.4M-50.7%	$15.1M+239.1%	$4.5M-55.9%	$10.1M-14.0%	$11.7M-37.5%	$18.8M-43.4%	$33.1M+126.3%	$14.6M
Total Equity	$12.2M-45.6%	$22.4M-50.4%	$45.3M+653.0%	-$8.2M-108.7%	-$3.9M+96.1%	-$101.7M-499.4%	-$17.0M-108.0%	$213.0M-18.7%	$262.1M+9242.2%	-$2.9M-111.9%	$24.1M-50.7%	$48.9M+565.7%	$7.4M
Retained Earnings	-$670.8M-5.2%	-$637.4M-7.7%	-$591.9M-1.1%	-$585.4M-2.7%	-$570.1M-2.2%	-$557.8M-19.5%	-$466.8M-89.7%	-$246.1M-301.6%	-$61.3M-9.3%	-$56.1M-135.3%	-$23.8M-1591.2%	$1.6M+104.6%	-$34.5M

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
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	$0	$0	$0	$0	$0	$0	$0	$0
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	$0	$0	$0	$0	$0	$0	$0	$0
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-52.3%	$31.6M-37.9%	$19.3M-66.4%	$22.4M-50.4%
Retained Earnings	-$684.7M-3.7%	-$682.7M-5.6%	-$680.2M-5.6%	-$670.8M-5.2%	-$660.0M	-$646.5M	-$644.2M	-$637.4M-7.7%

SPIEF Cash Flow Statement

SPIEF quarterly cash flow statement

Metric	TTM	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Operating Cash Flow	-$709K	-$16.0M+41.9%	-$27.5M-386.4%	-$5.7M-96.8%	-$2.9M-136.6%	$7.9M+316.0%	-$3.6M+92.3%	-$47.0M+69.8%	-$155.5M-175.5%	-$56.5M-603.5%	$11.2M+177.9%	-$14.4M+44.8%	-$26.1M-115.3%	-$12.1M
Depreciation & Amortization	N/A	$3.2M-3.5%	$3.3M+4.5%	$3.2M+61.5%	$2.0M+64.5%	$1.2M-17.6%	$1.5M-67.1%	$4.4M-20.0%	$5.5M+201.7%	$1.8M-0.8%	$1.9M+4.4%	$1.8M+32.4%	$1.3M+5.7%	$1.3M
Stock-Based Compensation	N/A	$3.1M-46.5%	$5.8M+1737.8%	$315K-61.6%	$821K-69.9%	$2.7M+132.2%	$1.2M-9.8%	$1.3M-96.6%	$38.2M+10628.4%	$356K-38.1%	$575K+64.8%	$349K-24.3%	$461K+50.7%	$306K
Capital Expenditures	N/A	N/A	N/A	N/A	$4.8M+4912.6%	$95K-68.1%	$298K-96.8%	$9.3M-58.1%	$22.2M+15010.2%	$147K+4800.0%	$3K-99.7%	$1.0M+437.8%	$188K+198.4%	$63K
Free Cash Flow	N/A	N/A	N/A	N/A	-$7.6M-198.4%	$7.8M+297.3%	-$3.9M+93.0%	-$56.3M+68.3%	-$177.7M-214.0%	-$56.6M-605.0%	$11.2M+172.7%	-$15.4M+41.4%	-$26.3M-115.7%	-$12.2M
Investing Cash Flow	-$5.0M	-$8.2M+8.0%	-$8.9M-740.1%	$1.4M+117.5%	-$7.9M	N/A	-$3.3M+74.9%	-$13.1M+74.8%	-$52.0M-15.9%	-$44.9M-891.8%	$5.7M+177.2%	-$7.3M+36.5%	-$11.6M-18246.0%	-$63K
Financing Cash Flow	-$609K	$17.3M-6.1%	$18.4M-54.8%	$40.8M+328.5%	$9.5M	N/A	$5.8M+132.5%	-$17.8M-113.4%	$133.1M-48.3%	$257.3M+865.9%	-$33.6M-332.7%	$14.4M-74.5%	$56.6M+439.0%	$10.5M

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
Operating Cash Flow	$7.8M+643.9%	-$611K+79.3%	-$4.9M+43.2%	-$3.0M+40.3%	-$1.4M+73.4%	-$3.0M+77.4%	-$8.6M-114.1%	-$5.0M
Stock-Based Compensation	$1.0M+26.2%	$404K+18.8%	$617K-49.3%	N/A	$793K-71.9%	$340K+140.6%	$1.2M-60.4%	N/A
Capital Expenditures	-$1.1M-70.4%	$1.6M-8.9%	$354K+59.5%	N/A	$3.8M	$1.8M	$222K	N/A
Free Cash Flow	$6.7M+227.3%	-$2.3M+52.7%	-$5.2M+40.6%	N/A	-$5.2M	-$4.8M	-$8.8M	N/A
Investing Cash Flow	$564K+113.3%	-$1.6M-10.6%	-$354K-132.3%	-$3.5M-1994.1%	-$4.2M-1804.5%	-$1.5M-60.7%	$1.1M+113.9%	$187K
Financing Cash Flow	-$4.5M-93.2%	$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.

SPIEF quarterly financial ratios

Metric	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K	FY1010-K
Gross Margin	8.2%+1.6pp	6.6%-5.6pp	12.2%+4.8pp	7.3%-1.4pp	8.8%+0.5pp	8.3%-2.2pp	10.5%+6.3pp	4.3%-9.0pp	13.3%+19.8pp	-6.5%-15.1pp	8.6%+28.8pp	-20.2%-35.1pp	14.9%
Operating Margin	-16.1%+9.5pp	-25.6%-25.7pp	0.1%+19.7pp	-19.6%-17.2pp	-2.4%+5.3pp	-7.6%+72.3pp	-79.9%+6.3pp	-86.2%-91.1pp	4.9%+79.1pp	-74.2%-50.4pp	-23.8%-26.0pp	2.2%+21.8pp	-19.7%
Net Margin	-19.0%+8.7pp	-27.7%-23.0pp	-4.7%+10.9pp	-15.6%-5.8pp	-9.8%+65.2pp	-75.0%	-192.6%	-97.0%-91.3pp	-5.7%+70.0pp	-75.6%-50.2pp	-25.4%-25.0pp	-0.4%+26.1pp	-26.5%
Return on Equity	-276.6%-76.7pp	-199.9%-185.5pp	-14.4%	N/A	N/A	N/A	N/A	-86.8%-84.8pp	-2.0%	N/A	-105.4%-104.5pp	-0.9%+126.7pp	-127.6%
Return on Assets	-14.6%+5.1pp	-19.7%-16.7pp	-3.0%+5.5pp	-8.5%-2.0pp	-6.5%+22.2pp	-28.7%+32.3pp	-61.0%-35.0pp	-26.0%-25.2pp	-0.9%+44.6pp	-45.4%-29.8pp	-15.6%-15.4pp	-0.3%+24.5pp	-24.7%
Current Ratio	0.43-0.1x	0.480.0x	0.52+0.2x	0.33-0.1x	0.44+0.1x	0.34-0.1x	0.47-0.4x	0.83-0.7x	1.51+1.1x	0.40-0.8x	1.19-0.4x	1.63+0.3x	1.34
Debt-to-Equity	0.540.0x	0.57+0.4x	0.14	N/A	N/A	N/A	N/A	0.020.0x	0.04	N/A	0.78+0.1x	0.68-1.3x	1.99
Asset Turnover	0.77+0.1x	0.71+0.1x	0.64+0.1x	0.55-0.1x	0.67+0.3x	0.38+0.1x	0.320.0x	0.27+0.1x	0.16-0.4x	0.600.0x	0.610.0x	0.57-0.4x	0.93
FCF Margin	N/A	N/A	N/A	-7.8%-14.0pp	6.2%+9.4pp	-3.2%+45.9pp	-49.1%+44.1pp	-93.3%-31.5pp	-61.8%-88.1pp	26.3%+41.7pp	-15.4%+10.1pp	-25.5%+9.0pp	-34.5%

Metric	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-Q	Q3'2210-Q	Q2'2210-Q	Q1'2210-Q	Q4'2110-K
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%-30.5pp	-7.3%+5.4pp	-35.5%-21.4pp	-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	17.06+16.7x	89.07+88.9x	1.41+0.8x	0.540.0x	0.35	0.22	0.62	0.57+0.4x
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	11.9%+24.1pp	-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.

Where SPI ENERGY CO LTD Ranks

Frequently Asked Questions

What is SPI ENERGY CO LTD's annual revenue?

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.

How fast is SPI ENERGY CO LTD's revenue growing?

SPI ENERGY CO LTD (SPIEF) revenue grew by 9.6% year-over-year, from $162.0M to $177.5M in fiscal year 2022.

Is SPI ENERGY CO LTD profitable?

No, SPI ENERGY CO LTD (SPIEF) reported a net income of -$33.7M in fiscal year 2022, with a net profit margin of -19.0%.

What is SPI ENERGY CO LTD's EBITDA?

SPI ENERGY CO LTD (SPIEF) had EBITDA of -$25.4M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does SPI ENERGY CO LTD have?

As of fiscal year 2022, SPI ENERGY CO LTD (SPIEF) had $3.4M in cash and equivalents against $6.6M in long-term debt.

What is SPI ENERGY CO LTD's gross margin?

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.

What is SPI ENERGY CO LTD's operating margin?

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.

What is SPI ENERGY CO LTD's net profit margin?

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.

What is SPI ENERGY CO LTD's return on equity (ROE)?

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.

What is SPI ENERGY CO LTD's operating cash flow?

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.

What are SPI ENERGY CO LTD's total assets?

SPI ENERGY CO LTD (SPIEF) had $231.1M in total assets as of fiscal year 2022, including both current and long-term assets.

How much does SPI ENERGY CO LTD spend on research and development?

SPI ENERGY CO LTD (SPIEF) invested $1.5M in research and development during fiscal year 2022.

How many shares does SPI ENERGY CO LTD have outstanding?

SPI ENERGY CO LTD (SPIEF) had 30M shares outstanding as of fiscal year 2022.

What is SPI ENERGY CO LTD's current ratio?

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.

What is SPI ENERGY CO LTD's debt-to-equity ratio?

SPI ENERGY CO LTD (SPIEF) had a debt-to-equity ratio of 0.54 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SPI ENERGY CO LTD's return on assets (ROA)?

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.

How does SPI ENERGY CO LTD's liquidity compare with its operating cash outflow?

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.

What is SPI ENERGY CO LTD's Altman Z-Score?

SPI ENERGY CO LTD (SPIEF) has an Altman Z-Score of -4.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is SPI ENERGY CO LTD's Piotroski F-Score?

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.

Are SPI ENERGY CO LTD's earnings high quality?

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.

Can SPI ENERGY CO LTD cover its interest payments?

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.