Srax Inc Financials
Financial Health Signals
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Srax Inc has an operating margin of 14.4%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 72/100, reflecting efficient cost management and pricing power. This is up from -0.3% the prior year.
Srax Inc's revenue grew a modest 4.3% year-over-year to $27.9M. This slow but positive growth earns a score of 41/100.
Srax Inc's current ratio of 0.41 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Srax Inc generated -$12.3M in operating cash flow, capex of $53K consumed most of it, leaving -$12.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Srax Inc scores -3.38, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($230K) relative to total liabilities ($27.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Srax Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Srax Inc generates $0.39 in operating cash flow (-$12.3M OCF vs -$31.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Srax Inc earns $0.9 in operating income for every $1 of interest expense ($4.0M vs $4.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Srax Inc (SRAX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Key Financial Metrics
Srax Inc generated $27.9M in revenue in fiscal year 2022. This represents an increase of 4.3% from the prior year.
Srax Inc's EBITDA was $4.4M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 483.9% from the prior year.
Srax Inc generated -$12.4M in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 47.3% from the prior year.
Srax Inc reported -$31.6M in net income in fiscal year 2022. This represents an increase of 9.0% from the prior year.
Srax Inc earned $-1.21 per diluted share (EPS) in fiscal year 2022. This represents an increase of 30.9% from the prior year.
Srax Inc held $7K in cash against $7.4M in long-term debt as of fiscal year 2022.
Srax Inc had 26M shares outstanding in fiscal year 2022. This represents an increase of 1.2% from the prior year.
Srax Inc's gross margin was 66.2% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is down 9.4 percentage points from the prior year.
Srax Inc's operating margin was 14.4% in fiscal year 2022, reflecting core business profitability. This is up 14.7 percentage points from the prior year.
Srax Inc's net profit margin was -113.6% in fiscal year 2022, showing the share of revenue converted to profit. This is up 16.6 percentage points from the prior year.
Srax Inc invested $53K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 23.2% from the prior year.
SRAX Income Statement
| Metric | Q2'23 | Q1'23 | Q2'22 | Q3'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9M-52.6% | $4.0M-45.2% | $7.3M+38.0% | $5.3M-29.2% | $7.5M-3.2% | $7.7M+12.4% | $6.9M-3.8% | $7.2M |
| Cost of Revenue | $138K-7.4% | $149K-91.3% | $1.7M+82.6% | $942K-66.3% | $2.8M+378.1% | -$1.0M-130.0% | $3.4M+20.0% | $2.8M |
| Gross Profit | $1.8M-54.3% | $3.9M-31.1% | $5.6M+28.4% | $4.4M-7.1% | $4.7M+28.4% | $3.7M-43.8% | $6.5M+4.6% | $6.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.2M-27.0% | $3.0M-6.8% | $3.2M | N/A | $5.8M-59.3% | $14.3M+434.9% | $2.7M+26.9% | $2.1M |
| Operating Income | -$408K-145.8% | $890K-78.2% | $4.1M+374.7% | $860K+164.8% | -$1.3M+29.7% | -$1.9M-508.7% | $462K-49.6% | $916K |
| Interest Expense | $492K+64.5% | $299K-76.3% | $1.3M | N/A | $312K-97.0% | $10.3M+102520.0% | $10K+25.0% | $8K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$6.0M-329.0% | $2.6M+130.8% | -$8.5M-123.0% | -$3.8M-202.4% | $3.7M+130.5% | -$12.2M-165.1% | -$4.6M+23.4% | -$6.0M |
| EPS (Diluted) | $-0.21-400.0% | $0.07+121.9% | $-0.32-128.6% | $-0.14-207.7% | $0.13 | N/A | $-0.15 | N/A |
SRAX Balance Sheet
| Metric | Q2'23 | Q1'23 | Q2'22 | Q3'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.9M-66.2% | $14.5M-19.7% | $18.1M-41.0% | $30.6M-46.2% | $57.0M+30.4% | $43.7M-27.6% | $60.3M-6.2% | $64.3M |
| Current Assets | $2.8M-67.5% | $8.6M-3.3% | $8.9M+100.1% | $4.4M-87.8% | $36.2M+57.7% | $23.0M-31.7% | $33.7M-10.2% | $37.5M |
| Cash & Equivalents | N/A | $765K+10828.6% | $7K-94.0% | $116K | N/A | $1.3M-80.2% | $6.8M-32.2% | $10.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $64K-34.7% | $98K-37.6% | $157K-50.8% | $319K-69.4% | $1.0M+26.8% | $821K-40.3% | $1.4M-36.6% | $2.2M |
| Goodwill | N/A | N/A | $7.7M0.0% | $7.7M-57.0% | $17.9M0.0% | $17.9M-23.3% | $23.4M0.0% | $23.4M |
| Total Liabilities | $16.2M-18.4% | $19.8M-27.5% | $27.3M-13.1% | $31.4M-2.5% | $32.2M+40.6% | $22.9M-14.5% | $26.8M+21.6% | $22.1M |
| Current Liabilities | $11.8M-17.1% | $14.2M-34.7% | $21.7M-30.9% | $31.4M-2.3% | $32.2M+41.0% | $22.8M-14.0% | $26.5M+22.0% | $21.7M |
| Long-Term Debt | $4.8M-34.4% | $7.3M-0.9% | $7.4M | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$11.3M-112.3% | -$5.3M+42.7% | -$9.2M-1046.1% | -$807K-103.3% | $24.7M+19.2% | $20.7M-38.1% | $33.5M-20.7% | $42.3M |
| Retained Earnings | -$65.4M-10.1% | -$59.4M+4.2% | -$62.0M-15.9% | -$53.5M-100.8% | -$26.6M+12.3% | -$30.4M+57.2% | -$71.0M-5.7% | -$67.2M |
SRAX Cash Flow Statement
| Metric | Q2'23 | Q1'23 | Q2'22 | Q3'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.1M+78.2% | -$5.1M-40.2% | -$3.6M-154.3% | -$1.4M+73.1% | -$5.3M-11.8% | -$4.8M+20.6% | -$6.0M+7.6% | -$6.5M |
| Capital Expenditures | N/A | N/A | -$55K | $0-100.0% | $16K+157.1% | -$28K-286.7% | $15K-70.0% | $50K |
| Free Cash Flow | N/A | N/A | -$3.7M-158.2% | -$1.4M+73.2% | -$5.3M-11.5% | -$4.8M+20.4% | -$6.0M+8.1% | -$6.5M |
| Investing Cash Flow | $374K-93.7% | $5.9M+214.2% | $1.9M+170.9% | $698K-45.4% | $1.3M+51.5% | $844K-67.7% | $2.6M+525.8% | -$613K |
| Financing Cash Flow | -$25K+64.3% | -$70K-104.3% | $1.6M+178.2% | $592K-80.6% | $3.1M+451.6% | -$868K-652.9% | $157K-95.7% | $3.7M |
| 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 |
SRAX Financial Ratios
| Metric | Q2'23 | Q1'23 | Q2'22 | Q3'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.8%-3.5pp | 96.3%+19.8pp | 76.5%-5.7pp | 82.3%+19.6pp | 62.7%+15.4pp | 47.3%-47.2pp | 94.5%+7.5pp | 87.0% |
| Operating Margin | -21.4%-43.6pp | 22.2%-33.5pp | 55.7%+39.5pp | 16.2%+33.9pp | -17.7%+6.7pp | -24.4%-31.1pp | 6.7%-6.1pp | 12.8% |
| Net Margin | -316.2%-381.6pp | 65.5%+181.7pp | -116.2%-44.3pp | -71.9%-121.6pp | 49.7%+207.3pp | -157.6%-90.8pp | -66.8%+17.2pp | -84.0% |
| Return on Equity | N/A | N/A | N/A | N/A | 15.1% | N/A | N/A | N/A |
| Return on Assets | -122.8%-140.9pp | 18.1%+65.2pp | -47.1%-34.7pp | -12.5%-19.0pp | 6.5%+34.5pp | -27.9%-20.3pp | -7.6%+1.7pp | -9.3% |
| Current Ratio | 0.24-0.4 | 0.60+0.2 | 0.41+0.3 | 0.14-1.0 | 1.13+0.1 | 1.01-0.3 | 1.27-0.5 | 1.72 |
| Debt-to-Equity | -0.43+1.0 | -1.39-0.6 | -0.80+38.1 | -38.95-40.3 | 1.30+0.2 | 1.11+0.3 | 0.80+0.3 | 0.52 |
| FCF Margin | N/A | N/A | -50.5%-23.5pp | -27.0%+44.3pp | -71.3%-9.4pp | -61.9%+25.5pp | -87.4%+4.1pp | -91.5% |
Note: Shareholder equity is negative (-$9.2M), 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 (0.41), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Srax Inc's annual revenue?
Srax Inc (SRAX) reported $27.9M in total revenue for fiscal year 2022. This represents a 4.3% 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 Srax Inc's revenue growing?
Srax Inc (SRAX) revenue grew by 4.3% year-over-year, from $26.7M to $27.9M in fiscal year 2022.
Is Srax Inc profitable?
No, Srax Inc (SRAX) reported a net income of -$31.6M in fiscal year 2022, with a net profit margin of -113.6%.
What is Srax Inc's earnings per share (EPS)?
Srax Inc (SRAX) reported diluted earnings per share of $-1.21 for fiscal year 2022. This represents a 30.9% 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 Srax Inc's EBITDA?
Srax Inc (SRAX) had EBITDA of $4.4M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Srax Inc have?
As of fiscal year 2022, Srax Inc (SRAX) had $7K in cash and equivalents against $7.4M in long-term debt.
What is Srax Inc's gross margin?
Srax Inc (SRAX) had a gross margin of 66.2% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Srax Inc's operating margin?
Srax Inc (SRAX) had an operating margin of 14.4% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Srax Inc's net profit margin?
Srax Inc (SRAX) had a net profit margin of -113.6% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Srax Inc's free cash flow?
Srax Inc (SRAX) generated -$12.4M in free cash flow during fiscal year 2022. This represents a 47.3% 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 Srax Inc's operating cash flow?
Srax Inc (SRAX) generated -$12.3M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Srax Inc's total assets?
Srax Inc (SRAX) had $18.1M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Srax Inc's capital expenditures?
Srax Inc (SRAX) invested $53K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
How many shares does Srax Inc have outstanding?
Srax Inc (SRAX) had 26M shares outstanding as of fiscal year 2022.
What is Srax Inc's current ratio?
Srax Inc (SRAX) had a current ratio of 0.41 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Srax Inc's debt-to-equity ratio?
Srax Inc (SRAX) had a debt-to-equity ratio of -0.80 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Srax Inc's return on assets (ROA)?
Srax Inc (SRAX) had a return on assets of -175.1% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Srax Inc's cash runway?
Based on fiscal year 2022 data, Srax Inc (SRAX) had $7K in cash against an annual operating cash burn of $12.3M. This gives an estimated cash runway of approximately 0 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 Srax Inc's debt-to-equity ratio negative or unusual?
Srax Inc (SRAX) has negative shareholder equity of -$9.2M 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 Srax Inc's Altman Z-Score?
Srax Inc (SRAX) has an Altman Z-Score of -3.38, 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 Srax Inc's Piotroski F-Score?
Srax Inc (SRAX) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Srax Inc's earnings high quality?
Srax Inc (SRAX) has an earnings quality ratio of 0.39x, 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 Srax Inc cover its interest payments?
Srax Inc (SRAX) has an interest coverage ratio of 0.9x, 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 Srax Inc?
Srax Inc (SRAX) scores 28 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.