Srax Inc Financials
Srax Inc (SRAX) reported $27.9M in revenue for fiscal year 2022, up 4.3% from the prior fiscal year. This page shows its 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).
Operating profitability returned through cost compression, while financing strain and negative equity prevented that improvement from reaching net earnings.
In FY2022, operating profit reached$4.0M , but net loss remained-$31.6M ; the gap shows that operating performance was not the main determinant of reported earnings. Cash conversion was also weak: operating cash flow of-$12.3M nearly matched free cash flow of-$12.4M , indicating the shortfall came mainly from ongoing operations rather than heavy reinvestment.
Revenue was broadly stable between FY2021 and FY2022, moving from
The balance sheet deteriorated materially: assets fell to
Financial Health Signals
Srax Inc 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.
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.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Srax Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Srax Inc reported a net loss of $31.6M while operations used $12.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Srax Inc earns $0.91 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.
Key Financial Metrics
Earnings & Revenue
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 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.
Cash & Balance Sheet
Srax Inc recorded an outflow of $12.4M in free cash flow in fiscal year 2022, representing a cash shortfall after capex. This represents an increase of 47.3% from the prior year.
Srax Inc held $7K in cash against $7.4M in long-term debt as of fiscal year 2022.
Not reported for fiscal year 2022.
Margins & Returns
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.
Not shown for fiscal year 2022: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2022.
Capital Allocation
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.
Not reported for fiscal year 2022.
Not reported for fiscal year 2022.
SRAX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.9M-52.6% | $4.0M-45.2% | $7.3M+38.0% | $5.3M-31.2% | $7.7M+3.0% | $7.5M-3.2% | $7.7M+12.4% | $6.9M |
| Cost of Revenue | $138K-7.4% | $149K-91.3% | $1.7M+82.6% | $942K-76.2% | $4.0M+41.3% | $2.8M+378.1% | -$1.0M-130.0% | $3.4M |
| Gross Profit | $1.8M-54.3% | $3.9M-31.1% | $5.6M+28.4% | $4.4M+15.9% | $3.8M-19.8% | $4.7M+28.4% | $3.7M-43.8% | $6.5M |
| SG&A Expenses | $2.2M-27.0% | $3.0M+5.3% | $2.8M+29.0% | $2.2M-31.3% | $3.2M-45.5% | $5.8M-59.3% | $14.3M+434.9% | $2.7M |
| Operating Income | -$408K-145.8% | $890K-78.2% | $4.1M+374.7% | $860K+121.1% | $389K+129.3% | -$1.3M+29.7% | -$1.9M-508.7% | $462K |
| Interest Expense | $492K+64.5% | $299K | N/A | N/A | $1.3M+305.1% | $312K-97.0% | $10.3M+102520.0% | $10K |
| Net Income | -$6.0M-329.0% | $2.6M+130.8% | -$8.5M-123.0% | -$3.8M+83.4% | -$23.0M-717.8% | $3.7M+130.5% | -$12.2M-165.1% | -$4.6M |
| EPS (Diluted) | -$0.21-400.0% | $0.07+121.2% | -$0.33-135.7% | -$0.14+84.1% | -$0.88-776.9% | $0.13 | -$0.84 | -$0.15 |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax.
SRAX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.9M-66.2% | $14.5M-19.7% | $18.1M-41.0% | $30.6M-7.4% | $33.1M-42.0% | $57.0M+30.4% | $43.7M-27.6% | $60.3M |
| Current Assets | $2.8M-67.5% | $8.6M-3.3% | $8.9M+100.1% | $4.4M-32.5% | $6.6M-81.9% | $36.2M+57.7% | $23.0M-31.7% | $33.7M |
| Cash & Equivalents | N/A | $765K+10828.6% | $7K-94.0% | $116K-55.4% | $260K | N/A | $1.3M-80.2% | $6.8M |
| Accounts Receivable | $64K-34.7% | $98K-37.6% | $157K-50.8% | $319K-9.1% | $351K-66.3% | $1.0M+26.8% | $821K-40.3% | $1.4M |
| Goodwill | N/A | N/A | $7.7M0.0% | $7.7M0.0% | $7.7M-57.0% | $17.9M0.0% | $17.9M-23.3% | $23.4M |
| Total Liabilities | $16.2M-18.4% | $19.8M-27.5% | $27.3M-13.1% | $31.4M-2.4% | $32.2M-0.1% | $32.2M+40.6% | $22.9M-14.5% | $26.8M |
| Current Liabilities | $11.8M-17.1% | $14.2M-34.7% | $21.7M-30.9% | $31.4M-2.3% | $32.2M0.0% | $32.2M+41.0% | $22.8M-14.0% | $26.5M |
| 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-193.5% | $863K-96.5% | $24.7M+19.2% | $20.7M-38.1% | $33.5M |
| Retained Earnings | -$65.4M-10.1% | -$59.4M+4.2% | -$62.0M-15.9% | -$53.5M-7.7% | -$49.7M-86.5% | -$26.6M+12.3% | -$30.4M+57.2% | -$71.0M |
Not reported in any period shown, so not listed: Inventory.
SRAX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.1M+78.2% | -$5.1M-40.2% | -$3.6M-154.3% | -$1.4M+25.2% | -$1.9M+64.0% | -$5.3M-11.8% | -$4.8M+20.6% | -$6.0M |
| Capital Expenditures | N/A | N/A | -$55K | $0-100.0% | $92K+475.0% | $16K-42.9% | -$28K+86.7% | $15K |
| Free Cash Flow | N/A | N/A | -$3.7M-158.2% | -$1.4M+28.7% | -$2.0M+62.4% | -$5.3M-11.5% | -$4.8M+20.4% | -$6.0M |
| Investing Cash Flow | $374K-93.7% | $5.9M+214.2% | $1.9M+170.9% | $698K-69.9% | $2.3M+81.2% | $1.3M+51.5% | $844K-67.7% | $2.6M |
| Financing Cash Flow | -$25K+64.3% | -$70K-104.3% | $1.6M+178.2% | $592K+220.6% | -$491K-116.1% | $3.1M+451.6% | -$868K-652.9% | $157K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
SRAX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.8%-3.5pp | 96.3%+19.8pp | 76.5%-5.7pp | 82.3%+33.5pp | 48.8%-13.9pp | 62.7%+15.4pp | 47.3%-47.2pp | 94.5% |
| Operating Margin | -21.4%-43.6pp | 22.2%-33.5pp | 55.7%+39.5pp | 16.2%+11.2pp | 5.0%+22.8pp | -17.7%+6.7pp | -24.4%-31.1pp | 6.7% |
| Net Margin | -316.2% | 65.5% | -116.2% | -71.9% | -298.2% | 49.7% | -157.6% | -66.8% |
| Return on Equity | N/A | N/A | N/A | N/A | -2668.6%-2683.7pp | 15.1%+73.9pp | -58.8%-45.1pp | -13.7% |
| Return on Assets | -122.8%-140.9pp | 18.1%+65.2pp | -47.1%-34.7pp | -12.5%+57.2pp | -69.7%-76.2pp | 6.5%+34.5pp | -27.9%-20.3pp | -7.6% |
| Current Ratio | 0.24-0.4x | 0.60+0.2x | 0.41+0.3x | 0.14-0.1x | 0.20-0.9x | 1.13+0.1x | 1.01-0.3x | 1.27 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 37.31+36.0x | 1.30+0.2x | 1.11+0.3x | 0.80 |
| FCF Margin | N/A | N/A | -50.5%-23.5pp | -27.0%-1.0pp | -26.0%+45.2pp | -71.3%-9.4pp | -61.9%+25.5pp | -87.4% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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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Where Srax Inc Ranks
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.
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 free cash flow?
Srax Inc (SRAX) recorded an outflow of $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) recorded an outflow of $12.3M in operating cash flow during fiscal year 2022, representing cash used by 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.
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 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.
How does Srax Inc's liquidity compare with its operating cash outflow?
At the end of fiscal year 2022, Srax Inc (SRAX) held $9.2M in cash, cash equivalents and investments, and reported an operating cash outflow of $12.3M over that year. Dividing the one by the other, the reported balance equals about 9 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.
Why is Srax Inc's debt-to-equity ratio negative or not reported?
Srax Inc (SRAX) has negative shareholder equity of -$9.2M as of fiscal year 2022, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Srax Inc's earnings high quality?
Srax Inc (SRAX) reported a net loss of $31.6M while operations used $12.3M 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 Srax Inc cover its interest payments?
Srax Inc (SRAX) has an interest coverage ratio of 0.91x, 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.