TWNPQ Financials
This page shows TWNPQ (TWNPQ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
TWNPQ has an operating margin of -2.4%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 5.6% the prior year.
TWNPQ's revenue surged 53.2% year-over-year to $353.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
TWNPQ's current ratio of 0.52 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 1/100, which could limit financial flexibility.
While TWNPQ generated -$15.0M in operating cash flow, capex of $25.1M consumed most of it, leaving -$40.2M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
TWNPQ earns a strong 56.9% return on equity (ROE), meaning it generates $57 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is down from 89.2% the prior year.
TWNPQ passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, TWNPQ generates $0.31 in operating cash flow (-$15.0M OCF vs -$48.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
TWNPQ earns $-0.2 in operating income for every $1 of interest expense (-$8.3M vs $46.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
TWNPQ generated $353.8M in revenue in fiscal year 2024. This represents an increase of 53.2% from the prior year.
TWNPQ's EBITDA was $15.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 40.0% from the prior year.
TWNPQ generated -$40.2M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 125.3% from the prior year.
TWNPQ reported -$48.2M in net income in fiscal year 2024. This represents a decrease of 248.0% from the prior year.
TWNPQ held $9.4M in cash against $405.0M in long-term debt as of fiscal year 2024.
TWNPQ had 5,000 shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
TWNPQ's gross margin was 75.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.
TWNPQ's operating margin was -2.4% in fiscal year 2024, reflecting core business profitability. This is down 8.0 percentage points from the prior year.
TWNPQ's net profit margin was -13.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 7.6 percentage points from the prior year.
TWNPQ's ROE was 56.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 32.3 percentage points from the prior year.
TWNPQ invested $25.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 5.3% from the prior year.
TWNPQ Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $82.3M-6.3% | $87.8M+0.9% | $87.1M+0.7% | $86.5M+3.4% | $83.7M-8.7% | $91.6M-0.5% | $92.1M | N/A |
| Cost of Revenue | $20.3M-5.6% | $21.5M+1.5% | $21.2M-0.1% | $21.2M+2.0% | $20.8M-9.3% | $22.9M+2.5% | $22.4M | N/A |
| Gross Profit | $62.0M-6.5% | $66.3M+0.7% | $65.9M+1.0% | $65.2M+3.8% | $62.8M-8.5% | $68.6M-1.5% | $69.7M | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $19.5M-2.0% | $19.9M+192.0% | $6.8M-44.0% | $12.2M+69.8% | $7.2M+3.8% | $6.9M-1.3% | $7.0M | N/A |
| Operating Income | -$13.4M-15.3% | -$11.6M-997.4% | -$1.1M+85.9% | -$7.5M-108.0% | -$3.6M-357.5% | $1.4M+4.5% | $1.3M | N/A |
| Interest Expense | $12.1M+5.6% | $11.5M+5.9% | $10.8M-2.6% | $11.1M-12.0% | $12.6M+5.1% | $12.0M+15.3% | $10.4M | N/A |
| Income Tax | -$738K+65.2% | -$2.1M-899.6% | $265K+103.2% | -$8.4M-84020.0% | $10K+110.1% | -$99K-225.3% | $79K | N/A |
| Net Income | -$24.5M-17.8% | -$20.8M-71.6% | -$12.1M-0.9% | -$12.0M+26.0% | -$16.2M-51.1% | -$10.7M-16.4% | -$9.2M | N/A |
| EPS (Diluted) | $-0.43-13.2% | $-0.38-46.2% | $-0.26 | N/A | $-0.32 | N/A | N/A | N/A |
TWNPQ Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $516.8M-3.4% | $535.1M-1.7% | $544.2M+0.3% | $542.4M | N/A | N/A | N/A | $565.6M |
| Current Assets | $28.3M-17.5% | $34.3M-3.6% | $35.6M+23.5% | $28.8M | N/A | N/A | N/A | $28.1M |
| Cash & Equivalents | $5.5M-9.7% | $6.1M-15.2% | $7.2M-23.6% | $9.4M | N/A | N/A | N/A | $4.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.0M-8.9% | $2.1M+4.4% | $2.1M-34.5% | $3.1M | N/A | N/A | N/A | $2.3M |
| Goodwill | $117.2M0.0% | $117.2M0.0% | $117.2M0.0% | $117.2M | N/A | N/A | N/A | $117.2M |
| Total Liabilities | $608.9M-0.8% | $613.7M-5.0% | $646.1M+3.0% | $627.1M | N/A | N/A | N/A | $581.1M |
| Current Liabilities | $448.2M+682.5% | $57.3M+1.2% | $56.6M+2.4% | $55.2M | N/A | N/A | N/A | $70.7M |
| Long-Term Debt | $2.5M-99.4% | $401.1M-0.4% | $402.8M-0.5% | $405.0M | N/A | N/A | N/A | $334.0M |
| Total Equity | -$92.1M-17.2% | -$78.6M+22.8% | -$101.9M-20.4% | -$84.6M | N/A | N/A | -$69.6M-348.7% | -$15.5M |
| Retained Earnings | -$147.1M-20.0% | -$122.6M-20.4% | -$101.9M-20.4% | -$84.6M | N/A | N/A | N/A | $0 |
TWNPQ Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$5.9M+33.2% | -$8.8M-53.7% | -$5.7M+22.5% | -$7.4M-387.3% | -$1.5M+35.9% | -$2.4M+36.6% | -$3.7M | N/A |
| Capital Expenditures | $1.5M-14.7% | $1.8M-54.9% | $4.0M-17.3% | $4.8M-32.8% | $7.2M-23.9% | $9.5M+158.1% | $3.7M | N/A |
| Free Cash Flow | -$7.4M+30.0% | -$10.6M-9.1% | -$9.7M+20.4% | -$12.2M-40.5% | -$8.7M+26.3% | -$11.8M-59.7% | -$7.4M | N/A |
| Investing Cash Flow | -$1.5M+14.7% | -$1.8M-515.9% | $434K+319.2% | -$198K+97.2% | -$7.2M+23.9% | -$9.5M-158.1% | -$3.7M | N/A |
| Financing Cash Flow | $525K-85.0% | $3.5M-54.5% | $7.7M+96.3% | $3.9M-66.5% | $11.7M+4.7% | $11.2M+7.1% | $10.5M | 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 |
TWNPQ Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.3%-0.2pp | 75.5%-0.1pp | 75.6%+0.2pp | 75.4%+0.3pp | 75.1%+0.2pp | 74.9%-0.7pp | 75.7% | N/A |
| Operating Margin | -16.2%-3.0pp | -13.2%-12.0pp | -1.2%+7.4pp | -8.6%-4.4pp | -4.3%-5.8pp | 1.5%+0.1pp | 1.5% | N/A |
| Net Margin | -29.7%-6.1pp | -23.7%-9.8pp | -13.9%-0.0pp | -13.9%+5.5pp | -19.4%-7.7pp | -11.7%-1.7pp | -10.0% | N/A |
| Return on Equity | 26.6%+0.1pp | 26.4%+14.5pp | 11.9%-2.3pp | 14.2% | N/A | N/A | 13.2% | N/A |
| Return on Assets | -4.7%-0.9pp | -3.9%-1.7pp | -2.2%-0.0pp | -2.2% | N/A | N/A | N/A | N/A |
| Current Ratio | 0.06-0.5 | 0.60-0.0 | 0.63+0.1 | 0.52 | N/A | N/A | N/A | 0.40 |
| Debt-to-Equity | -0.03+5.1 | -5.10-1.1 | -3.96+0.8 | -4.79 | N/A | N/A | N/A | -21.53 |
| FCF Margin | -9.0%+3.1pp | -12.1%-0.9pp | -11.2%+3.0pp | -14.1%-3.7pp | -10.4%+2.5pp | -12.9%-4.9pp | -8.0% | N/A |
Note: Shareholder equity is negative (-$84.6M), 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 (0.52), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is TWNPQ's annual revenue?
TWNPQ (TWNPQ) reported $353.8M in total revenue for fiscal year 2024. This represents a 53.2% 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 TWNPQ's revenue growing?
TWNPQ (TWNPQ) revenue grew by 53.2% year-over-year, from $230.9M to $353.8M in fiscal year 2024.
Is TWNPQ profitable?
No, TWNPQ (TWNPQ) reported a net income of -$48.2M in fiscal year 2024, with a net profit margin of -13.6%.
What is TWNPQ's EBITDA?
TWNPQ (TWNPQ) had EBITDA of $15.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does TWNPQ have?
As of fiscal year 2024, TWNPQ (TWNPQ) had $9.4M in cash and equivalents against $405.0M in long-term debt.
What is TWNPQ's gross margin?
TWNPQ (TWNPQ) had a gross margin of 75.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is TWNPQ's operating margin?
TWNPQ (TWNPQ) had an operating margin of -2.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is TWNPQ's net profit margin?
TWNPQ (TWNPQ) had a net profit margin of -13.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is TWNPQ's return on equity (ROE)?
TWNPQ (TWNPQ) has a return on equity of 56.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is TWNPQ's free cash flow?
TWNPQ (TWNPQ) generated -$40.2M in free cash flow during fiscal year 2024. This represents a -125.3% 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 TWNPQ's operating cash flow?
TWNPQ (TWNPQ) generated -$15.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are TWNPQ's total assets?
TWNPQ (TWNPQ) had $542.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are TWNPQ's capital expenditures?
TWNPQ (TWNPQ) invested $25.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does TWNPQ have outstanding?
TWNPQ (TWNPQ) had 5,000 shares outstanding as of fiscal year 2024.
What is TWNPQ's current ratio?
TWNPQ (TWNPQ) had a current ratio of 0.52 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is TWNPQ's debt-to-equity ratio?
TWNPQ (TWNPQ) had a debt-to-equity ratio of -4.79 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is TWNPQ's return on assets (ROA)?
TWNPQ (TWNPQ) had a return on assets of -8.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is TWNPQ's cash runway?
Based on fiscal year 2024 data, TWNPQ (TWNPQ) had $9.4M in cash against an annual operating cash burn of $15.0M. This gives an estimated cash runway of approximately 7 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 TWNPQ's debt-to-equity ratio negative or unusual?
TWNPQ (TWNPQ) has negative shareholder equity of -$84.6M as of fiscal year 2024, 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 TWNPQ's Piotroski F-Score?
TWNPQ (TWNPQ) has a Piotroski F-Score of 4 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are TWNPQ's earnings high quality?
TWNPQ (TWNPQ) has an earnings quality ratio of 0.31x, 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 TWNPQ cover its interest payments?
TWNPQ (TWNPQ) has an interest coverage ratio of -0.2x, 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 TWNPQ?
TWNPQ (TWNPQ) scores 40 out of 100 on our Financial Profile, indicating moderate 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.