US Lighting Group Financials
This page shows US Lighting Group (USLG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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 FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
US Lighting Group has an operating margin of -29.0%, meaning the company retains $-29 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 up from -160.4% the prior year.
US Lighting Group's revenue surged 234.8% year-over-year to $3.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
US Lighting Group's current ratio of 0.19 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 US Lighting Group generated -$218K in operating cash flow, capex of $601K consumed most of it, leaving -$818K in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
US Lighting Group passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, US Lighting Group generates $0.20 in operating cash flow (-$218K OCF vs -$1.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
US Lighting Group earns $-8.4 in operating income for every $1 of interest expense (-$1.1M vs $125K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
US Lighting Group generated $3.6M in revenue in fiscal year 2023. This represents an increase of 234.8% from the prior year.
US Lighting Group's EBITDA was -$858K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.4% from the prior year.
US Lighting Group generated -$818K in free cash flow in fiscal year 2023, representing cash available after capex. This represents an increase of 62.5% from the prior year.
US Lighting Group reported -$1.1M in net income in fiscal year 2023. This represents an increase of 87.7% from the prior year.
US Lighting Group earned $-0.01 per diluted share (EPS) in fiscal year 2023. This represents an increase of 88.9% from the prior year.
US Lighting Group held $0 in cash against $0 in long-term debt as of fiscal year 2023.
US Lighting Group had 103M shares outstanding in fiscal year 2023. This represents an increase of 4.2% from the prior year.
US Lighting Group's gross margin was 23.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is up 36.0 percentage points from the prior year.
US Lighting Group's operating margin was -29.0% in fiscal year 2023, reflecting core business profitability. This is up 131.4 percentage points from the prior year.
US Lighting Group's net profit margin was -30.5% in fiscal year 2023, showing the share of revenue converted to profit. This is up 799.6 percentage points from the prior year.
US Lighting Group invested $601K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 6.8% from the prior year.
USLG Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $152K+102.7% | $75K-74.2% | $291K-45.5% | $533K-59.4% | $1.3M+27.9% | $1.0M+132.0% | $442K-14.3% | $516K |
| Cost of Revenue | $197K+8.0% | $182K-46.3% | $340K-39.1% | $557K-32.1% | $821K+17.1% | $701K+21.5% | $577K+9.3% | $528K |
| Gross Profit | -$45K+58.1% | -$107K-118.3% | -$49K-291.2% | $26K-94.2% | $441K+35.9% | $324K+340.2% | -$135K-1025.7% | -$12K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $248K-15.7% | $294K-17.3% | $356K+15.4% | $308K-35.4% | $477K+1.0% | $472K-2.9% | $487K-7.5% | $526K |
| Operating Income | -$293K+27.0% | -$401K+0.9% | -$405K-21.8% | -$332K-2522.3% | $14K+109.3% | -$148K+72.8% | -$544K+11.7% | -$616K |
| Interest Expense | N/A | N/A | N/A | $124K+22437.3% | $549+120.5% | $249-99.8% | $153K+15197.7% | $1K |
| Income Tax | $614 | N/A | $50 | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$339K+19.9% | -$423K+3.5% | -$439K-39.9% | -$314K-7143.6% | $4K+102.9% | -$155K+98.0% | -$7.6M-1039.0% | -$663K |
| EPS (Diluted) | $0.00 | $0.00 | $0.00+100.0% | $-0.01 | $0.00 | $0.00 | N/A | $-0.01 |
USLG Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.0M+1.4% | $3.0M-0.1% | $3.0M-2.1% | $3.1M-1.5% | $3.1M+6.7% | $2.9M+7.6% | $2.7M+16.0% | $2.3M |
| Current Assets | $293K-12.7% | $336K+2.5% | $328K-10.4% | $365K-35.3% | $564K+18.1% | $478K+14.4% | $418K+16.4% | $359K |
| Cash & Equivalents | $3K-93.3% | $42K-13.6% | $49K | $0-100.0% | $11K-75.9% | $46K-63.2% | $125K+91.6% | $65K |
| Inventory | $102K-22.1% | $131K+16.2% | $113K-25.3% | $151K+70.1% | $89K-52.9% | $189K-5.7% | $200K+13.1% | $177K |
| Accounts Receivable | $146K+30.1% | $112K-1.3% | $113K-27.0% | $155K-66.1% | $458K+181.5% | $163K+2633.7% | $6K-81.4% | $32K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $8.9M+4.3% | $8.5M+5.2% | $8.1M+4.8% | $7.7M-12.7% | $8.8M+2.1% | $8.7M+2.3% | $8.5M+375.2% | -$3.1M |
| Current Liabilities | $3.5M+12.6% | $3.1M+52.5% | $2.0M+8.7% | $1.9M+33.1% | $1.4M-5.0% | $1.5M+27.9% | $1.2M-34.4% | $1.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$5.8M-5.8% | -$5.5M-8.3% | -$5.1M-9.4% | -$4.6M+18.8% | -$5.7M+0.2% | -$5.7M+0.2% | -$5.8M-206.1% | $5.4M |
| Retained Earnings | -$27.8M-1.2% | -$27.5M-1.6% | -$27.1M-1.6% | -$26.6M-3.7% | -$25.7M0.0% | -$25.7M-0.6% | -$25.5M-2.3% | -$24.9M |
USLG Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$110K-85.7% | -$59K+35.7% | -$92K-337.8% | -$21K-115.5% | $136K+146.7% | -$292K-142.1% | -$121K+82.4% | -$685K |
| Capital Expenditures | $88K+124.9% | $39K+63.4% | $24K-69.6% | $79K-48.6% | $154K-19.0% | $190K-43.5% | $337K+9.7% | $307K |
| Free Cash Flow | -$199K-101.3% | -$99K+15.2% | -$116K-16.1% | -$100K-468.1% | -$18K+96.3% | -$482K-5.5% | -$457K+53.9% | -$992K |
| Investing Cash Flow | -$88K-124.9% | -$39K-63.4% | -$24K+69.6% | -$79K+48.6% | -$154K+19.0% | -$190K+24.5% | -$252K-647.6% | $46K |
| Financing Cash Flow | $159K+72.9% | $92K-44.4% | $165K+72.1% | $96K+660.2% | -$17K-104.3% | $404K-6.6% | $432K-25.8% | $582K |
| 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 |
USLG Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -29.7%+113.7pp | -143.4%-126.5pp | -16.9%-21.8pp | 4.8%-28.8pp | 33.6%+2.0pp | 31.6%+62.2pp | -30.6%-28.2pp | -2.3% |
| Operating Margin | -192.9%+343.0pp | -536.0%-396.6pp | -139.4%-77.0pp | -62.4%-63.4pp | 1.1%+15.5pp | -14.4%+108.6pp | -123.0%-3.6pp | -119.4% |
| Net Margin | -223.3%+342.1pp | -565.4%-414.3pp | -151.1%-92.2pp | -58.9%-59.2pp | 0.3%+15.4pp | -15.1%+1692.9pp | -1708.0%-1579.5pp | -128.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -11.1%+3.0pp | -14.1%+0.5pp | -14.6%-4.4pp | -10.2%-10.4pp | 0.1%+5.4pp | -5.3%+272.7pp | -278.0%-249.7pp | -28.3% |
| Current Ratio | 0.08-0.0 | 0.11-0.1 | 0.16-0.0 | 0.19-0.2 | 0.40+0.1 | 0.32-0.0 | 0.36+0.2 | 0.20 |
| Debt-to-Equity | -1.52+0.0 | -1.54+0.0 | -1.59+0.1 | -1.66-0.1 | -1.54-0.0 | -1.51-0.0 | -1.47-0.9 | -0.57 |
| FCF Margin | -130.9%+0.9pp | -131.8%-91.7pp | -40.1%-21.3pp | -18.8%-17.5pp | -1.4%+45.7pp | -47.0%+56.4pp | -103.4%+88.8pp | -192.3% |
Note: Shareholder equity is negative (-$4.6M), 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 (0.19), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is US Lighting Group's annual revenue?
US Lighting Group (USLG) reported $3.6M in total revenue for fiscal year 2023. This represents a 234.8% 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 US Lighting Group's revenue growing?
US Lighting Group (USLG) revenue grew by 234.8% year-over-year, from $1.1M to $3.6M in fiscal year 2023.
Is US Lighting Group profitable?
No, US Lighting Group (USLG) reported a net income of -$1.1M in fiscal year 2023, with a net profit margin of -30.5%.
What is US Lighting Group's earnings per share (EPS)?
US Lighting Group (USLG) reported diluted earnings per share of $-0.01 for fiscal year 2023. This represents a 88.9% 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 US Lighting Group's EBITDA?
US Lighting Group (USLG) had EBITDA of -$858K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is US Lighting Group's gross margin?
US Lighting Group (USLG) had a gross margin of 23.6% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is US Lighting Group's operating margin?
US Lighting Group (USLG) had an operating margin of -29.0% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is US Lighting Group's net profit margin?
US Lighting Group (USLG) had a net profit margin of -30.5% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is US Lighting Group's free cash flow?
US Lighting Group (USLG) generated -$818K in free cash flow during fiscal year 2023. This represents a 62.5% 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 US Lighting Group's operating cash flow?
US Lighting Group (USLG) generated -$218K in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are US Lighting Group's total assets?
US Lighting Group (USLG) had $3.1M in total assets as of fiscal year 2023, including both current and long-term assets.
What are US Lighting Group's capital expenditures?
US Lighting Group (USLG) invested $601K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How many shares does US Lighting Group have outstanding?
US Lighting Group (USLG) had 103M shares outstanding as of fiscal year 2023.
What is US Lighting Group's current ratio?
US Lighting Group (USLG) had a current ratio of 0.19 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is US Lighting Group's debt-to-equity ratio?
US Lighting Group (USLG) had a debt-to-equity ratio of -1.66 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is US Lighting Group's return on assets (ROA)?
US Lighting Group (USLG) had a return on assets of -36.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is US Lighting Group's cash runway?
Based on fiscal year 2023 data, US Lighting Group (USLG) had $0 in cash against an annual operating cash burn of $218K. 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 US Lighting Group's debt-to-equity ratio negative or unusual?
US Lighting Group (USLG) has negative shareholder equity of -$4.6M as of fiscal year 2023, 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 US Lighting Group's Piotroski F-Score?
US Lighting Group (USLG) 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 US Lighting Group's earnings high quality?
US Lighting Group (USLG) has an earnings quality ratio of 0.20x, 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 US Lighting Group cover its interest payments?
US Lighting Group (USLG) has an interest coverage ratio of -8.4x, 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 US Lighting Group?
US Lighting Group (USLG) scores 25 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.