What is Sipup Corp's earnings per share (EPS)?

Sipup Corp (SPUP) reported diluted earnings per share of $-0.06 for fiscal year 2021. 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.

Sipup Corp Financials

SPUP

Source SEC Filings (10-K/10-Q) Updated Nov 30, 2021 Currency USD FYE November

This page shows Sipup Corp (SPUP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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 SPUP FY2021 2026-04-22

Recapitalization, not operations, kept Sipup liquid as losses deepened and the balance sheet remained below zero equity.

From FY2020 to FY2021, shares outstanding jumped from 24.0M to 70.2M while equity improved from -$1.31M to -$335K despite a -$1.94M net loss. Combined with operating cash burn of -$1.89M and year-end cash of $1.46M, the company appears to have stayed liquid through balance-sheet support rather than through self-funded operations.

Negative equity still persisted in FY2021 because liabilities of $2.86M exceeded assets of $2.53M. That means past losses were still larger than the capital base, even after the apparent recapitalization.

Before that cash build, short-term liquidity looked thin: the current ratio stayed below 1.0x in FY2019 and FY2020, and cash fell to just $206 in FY2020. Revenue collapse without cost relief also stands out, because sales fell from $6.99M in FY2019 to $145K in FY2020 while the net loss still remained near -$692K.

Financial Health Signals

Financial Profile 1/100

Based on FY2021 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 Sipup Corp'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.

Piotroski F-Score Weak

1/9

Sipup Corp passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.97x

For every $1 of reported earnings, Sipup Corp generates $0.97 in operating cash flow (-$1.9M OCF vs -$1.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$1.9M

YoY-180.8%

Sipup Corp reported -$1.9M in net income in fiscal year 2021. This represents a decrease of 180.8% from the prior year.

EPS (Diluted)

$-0.06

Sipup Corp earned $-0.06 per diluted share (EPS) in fiscal year 2021.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.5M

YoY+709270.9%

Sipup Corp held $1.5M in cash against $0 in long-term debt as of fiscal year 2021.

Dividends Per Share

N/A

Shares Outstanding

70M

YoY+192.0%

Sipup Corp had 70M shares outstanding in fiscal year 2021. This represents an increase of 192.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

SPUP Income Statement

Metric	FY21	FY20	FY19	FY17	FY16	FY15
Revenue	N/A	$145K-97.9%	$7.0M	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	$66K-69.7%	$217K	N/A	N/A	N/A
SG&A Expenses	$148K+541.0%	$23K-99.6%	$5.5M	N/A	$12K	N/A
Operating Income	N/A	-$630K+10.5%	-$703K	N/A	N/A	N/A
Interest Expense	N/A	-$11K-86.7%	-$6K	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.9M-180.8%	-$692K+19.4%	-$859K-6741.0%	-$13K+48.1%	-$24K-50.0%	-$16K
EPS (Diluted)	$-0.06	$0.00	N/A	N/A	N/A	N/A

Metric	Q4'21	Q3'21	Q1'21	Q4'20	Q3'20	Q1'20	Q3'19	Q2'19
Revenue	N/A	$8K	N/A	$57K+43.2%	$40K	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	N/A	N/A	N/A	N/A
R&D Expenses	$206K+2140.8%	$9K	N/A	$37-99.9%	$26K	N/A	N/A	N/A
SG&A Expenses	$531K+2396.4%	$21K	N/A	$102K+1945.3%	$5K	N/A	$22K+200.0%	$7K
Operating Income	N/A	-$191K	N/A	N/A	-$104K	N/A	N/A	-$38K
Interest Expense	N/A	N/A	N/A	-$7K	N/A	N/A	-$907	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.0M-438.9%	-$188K	N/A	-$25K+23.4%	-$33K	N/A	-$25K+33.1%	-$38K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SPUP Balance Sheet

Metric	FY21	FY20	FY19	FY17	FY16	FY15
Total Assets	$2.5M+112.7%	$1.2M+3.0%	$1.2M+668.7%	$150K	$0	$0
Current Assets	$2.5M+113.1%	$1.2M+3.2%	$1.1M	N/A	N/A	N/A
Cash & Equivalents	$1.5M+709270.9%	$206	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.9M+14.4%	$2.5M+31.2%	$1.9M+570.1%	$284K+300.8%	$71K+51.7%	$47K
Current Liabilities	N/A	$2.5M+31.7%	$1.9M	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$335K+74.5%	-$1.3M-74.4%	-$753K-460.1%	-$134K-89.5%	-$71K-51.7%	-$47K
Retained Earnings	-$2.2M-43.8%	-$1.6M-80.6%	-$859K-478.2%	-$149K-9.2%	-$136K-21.6%	-$112K

Metric	Q4'21	Q3'21	Q1'21	Q4'20	Q3'20	Q1'20	Q3'19	Q2'19
Total Assets	$2.5M+145.9%	$1.0M-13.5%	$1.2M+4025.3%	$29K-42.9%	$50K-95.6%	$1.2M+900.9%	$115K-15.8%	$137K
Current Assets	$2.5M+146.2%	$1.0M-13.4%	$1.2M+4010.1%	$29K-42.9%	$50K-95.6%	$1.1M+895.3%	$115K	N/A
Cash & Equivalents	$1.5M+103099.4%	$1K+587.4%	$206+136.8%	$87	N/A	N/A	N/A	N/A
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.6M+45.7%	$2.5M-0.2%	$2.5M+127.1%	$1.1M-0.5%	$1.1M-41.9%	$1.9M+609.4%	$269K+120.7%	$122K
Current Liabilities	$3.6M+46.9%	$2.5M-0.2%	$2.5M	N/A	N/A	$1.9M	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.1M+24.5%	-$1.5M-11.8%	-$1.3M-22.4%	-$1.1M-1.6%	-$1.1M-40.2%	-$753K-390.7%	-$153K-1121.4%	$15K
Retained Earnings	-$2.9M-54.9%	-$1.8M-18.8%	-$1.6M-418.3%	-$299K-12.6%	-$266K+69.1%	-$859K-360.6%	-$187K+52.0%	-$388K

SPUP Cash Flow Statement

Metric	FY21	FY20	FY19	FY17	FY16	FY15
Operating Cash Flow	-$1.9M-1518.8%	-$117K+72.2%	-$420K-16923.4%	-$2K+45.2%	-$5K-80.0%	-$3K
Capital Expenditures	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
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	$117K-70.7%	$398K+16064.9%	$2K-45.2%	$5K+80.0%	$3K
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	Q4'21	Q3'21	Q1'21	Q4'20	Q3'20	Q1'20	Q3'19	Q2'19
Operating Cash Flow	-$201K-213.1%	$178K+2496.0%	$7K+112.9%	-$53K	N/A	N/A	N/A	N/A
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	-$509K	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	$509K-60.9%	$1.3M	N/A	N/A	N/A	N/A	N/A	N/A
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

SPUP Financial Ratios

Metric	FY21	FY20	FY19	FY17	FY16	FY15
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	-435.5%-425.5pp	-10.1%	N/A	N/A	N/A
Net Margin	N/A	-479.0%-466.7pp	-12.3%	N/A	N/A	N/A
Return on Equity	N/A	-25674.1%	N/A	N/A	N/A	N/A
Return on Assets	-76.9%-18.7pp	-58.3%+16.2pp	-74.5%-66.1pp	-8.4%	N/A	N/A
Current Ratio	N/A	0.48-0.1	0.61	N/A	N/A	N/A
Debt-to-Equity	-8.54-6.6	-1.90+0.6	-2.53-0.4	-2.12-1.1	-1.000.0	-1.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'21	Q3'21	Q1'21	Q4'20	Q3'20	Q1'20	Q3'19	Q2'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	-2439.0%	N/A	N/A	-262.0%	N/A	N/A	N/A
Net Margin	N/A	-2395.6%	N/A	-44.9%+39.0pp	-83.9%	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	-251.7%
Return on Assets	-40.1%-21.8pp	-18.3%	N/A	-88.3%-22.4pp	-65.8%	N/A	-22.0%+5.7pp	-27.7%
Current Ratio	0.70+0.3	0.42-0.1	0.48	N/A	N/A	0.61	N/A	N/A
Debt-to-Equity	-3.28-1.6	-1.70+0.2	-1.90-0.9	-1.03+0.0	-1.05+1.5	-2.53-0.8	-1.75-9.9	8.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$335K), 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.

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Frequently Asked Questions

Is Sipup Corp profitable?

No, Sipup Corp (SPUP) reported a net income of -$1.9M in fiscal year 2021.

What is Sipup Corp's operating cash flow?

Sipup Corp (SPUP) generated -$1.9M in operating cash flow during fiscal year 2021, representing cash generated from core business activities.

What are Sipup Corp's total assets?

Sipup Corp (SPUP) had $2.5M in total assets as of fiscal year 2021, including both current and long-term assets.

How many shares does Sipup Corp have outstanding?

Sipup Corp (SPUP) had 70M shares outstanding as of fiscal year 2021.

What is Sipup Corp's debt-to-equity ratio?

Sipup Corp (SPUP) had a debt-to-equity ratio of -8.54 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sipup Corp's return on assets (ROA)?

Sipup Corp (SPUP) had a return on assets of -76.9% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.

What is Sipup Corp's cash runway?

Based on fiscal year 2021 data, Sipup Corp (SPUP) had $1.5M in cash against an annual operating cash burn of $1.9M. This gives an estimated cash runway of approximately 9 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 Sipup Corp's debt-to-equity ratio negative or unusual?

Sipup Corp (SPUP) has negative shareholder equity of -$335K as of fiscal year 2021, 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 Sipup Corp's Piotroski F-Score?

Sipup Corp (SPUP) has a Piotroski F-Score of 1 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 Sipup Corp's earnings high quality?

Sipup Corp (SPUP) has an earnings quality ratio of 0.97x, 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.

How financially healthy is Sipup Corp?

Sipup Corp (SPUP) scores 1 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.