US LIGHTING GROUP INC (USLG) Financials
Newest figures come from the 10-Q for Q3 FY2024, filed Nov 26, 2024. Each column of the statement tables below links to the filing it was taken from.
US LIGHTING GROUP INC (USLG) reported $1.1M in revenue over the twelve months to Sep 30, 2024, down 70.3% from the prior twelve months. This page shows its 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).
Revenue recovery remains subordinate to an overhead structure that leaves operations dependent on external financing.
Revenue rebounded from$1.1M in FY2022 to$3.6M in FY2023, but the recovery did not translate into operating profitability. Gross margin improved from-12.4% to23.7% while operating margin remained deeply negative, indicating that better product-level economics were overwhelmed by operating costs.
Operating cash flow improved from
Liabilities were
Financial Health Signals
US LIGHTING GROUP 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.
US LIGHTING GROUP INC scores -12.69, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($11K) relative to total liabilities ($7.7M). 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.
US LIGHTING GROUP INC passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
US LIGHTING GROUP INC reported a net loss of $1.1M while operations used $218K of cash. With neither figure positive, the ratio between the two carries no quality signal.
US LIGHTING GROUP INC reported an operating loss of $1.1M against $125K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
US LIGHTING GROUP INC generated $152K in revenue in Q3 2024. This represents a decrease of 79.9% from the same quarter a year earlier. Against the prior quarter it is up 102.7%.
US LIGHTING GROUP INC's EBITDA was -$282K in Q3 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 46.8% from the same quarter a year earlier. Against the prior quarter it is up 19.6%.
US LIGHTING GROUP INC reported -$339K in net income in Q3 2024. This represents an increase of 47.1% from the same quarter a year earlier. Against the prior quarter it is up 19.9%.
Cash & Balance Sheet
US LIGHTING GROUP INC recorded an outflow of $199K in free cash flow in Q3 2024, representing a cash shortfall after capex. This represents an increase of 8.8% from the same quarter a year earlier. Against the prior quarter it is down 101.3%.
US LIGHTING GROUP INC held $3K in cash as of Q3 2024; long-term debt is not reported for that period.
Not reported for Q3 2024.
Margins & Returns
US LIGHTING GROUP INC's gross margin was -29.7% in Q3 2024, indicating the percentage of revenue retained after direct costs. This is down 38.5 percentage points from the same quarter a year earlier.
Not shown for Q3 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2024: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q3 2024.
Capital Allocation
US LIGHTING GROUP INC invested $88K in capex in Q3 2024, funding long-term assets and infrastructure. This represents a decrease of 50.2% from the same quarter a year earlier. Against the prior quarter it is up 124.9%.
Not reported for Q3 2024.
Not reported for Q3 2024.
USLG Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $152K-79.9% | $75K-94.3% | $291K-71.7% | $533K+20.6% | $755K+46.3% | $1.3M+2577.2% | $1.0M+1249.7% | $442K |
| Cost of Revenue | $197K-71.4% | $182K-77.8% | $340K-51.6% | $557K-3.4% | $689K+30.4% | $821K+1765.7% | $701K+931.4% | $577K |
| Gross Profit | -$45K-167.7% | -$107K-124.4% | -$49K-115.2% | -$24K+82.0% | $67K+654.7% | $441K+8718.3% | $324K+3955.2% | -$135K |
| SG&A Expenses | $248K-62.0% | $294K-38.4% | $356K-24.7% | $308K-36.7% | $652K+24.0% | $477K+46.8% | $472K+77.6% | $487K |
| Operating Income | -$293K+50.0% | -$401K-3024.8% | -$405K-173.7% | -$332K+38.9% | -$586K+4.9% | $14K+104.3% | -$148K+42.7% | -$544K |
| EBITDA | -$282K+46.8% | -$351K-742.5% | -$354K-243.3% | -$281K+53.9% | -$529K-3.2% | $55K+118.0% | -$103K+56.9% | -$608K |
| Interest Expense | N/A | N/A | N/A | $124K-19.1% | $301-69.9% | $549-45.1% | $249-87.5% | $153K |
| Income Tax | $614 | N/A | $50 | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$339K+47.1% | -$423K-9603.0% | -$439K-183.7% | -$314K+95.8% | -$641K+3.3% | $4K+101.1% | -$155K+58.8% | -$7.6M |
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $0.00+100.0% | $0.00+100.0% | $0.00 | $0.00 | -$0.07 |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00+100.0% | $0.00+100.0% | $0.00 | $0.00 | -$0.07 |
| Diluted Shares (Avg) | 105M+5.5% | 103M+3.6% | 102M+3.3% | N/A | 99M+1.2% | 99M+1.1% | 99M+1.1% | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
USLG Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.0M+1.3% | $3.0M-3.7% | $3.0M+2.9% | $3.1M+13.0% | $3.0M+28.3% | $3.1M+98.7% | $2.9M+26.9% | $2.7M-32.4% |
| Current Assets | $293K-10.2% | $336K-40.5% | $328K-31.5% | $365K-12.6% | $326K-9.1% | $564K-18.7% | $478K-65.2% | $418K-80.7% |
| Cash & Equivalents | $3K-30.8% | $42K+284.5% | $49K+7.0% | $0-100.0% | $4K-93.7% | $11K-90.7% | $46K-88.7% | $125K-56.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $102K-13.8% | $131K+47.6% | $113K-40.1% | $151K-24.5% | $119K-33.0% | $89K | $189K | $200K+207.9% |
| Accounts Receivable | $146K+25.4% | $112K-75.6% | $113K-30.4% | $155K+2505.4% | $116K+262.6% | $458K | $163K | $6K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $8.9M+144.7% | $8.5M-3.7% | $8.1M-6.5% | $7.7M-8.8% | $3.6M+217.9% | $8.8M+1005.6% | $8.7M+664.2% | $8.5M+207.9% |
| Current Liabilities | $3.5M+100.9% | $3.1M+120.7% | $2.0M+37.5% | $1.9M+61.7% | $1.7M-1.4% | $1.4M+200.1% | $1.5M+86.0% | $1.2M-51.7% |
| Non-Current Liabilities | $5.4M+185.3% | $5.4M-27.4% | $6.1M-15.6% | $5.8M-20.0% | $1.9M+138.8% | $7.4M+2152.9% | $7.2M+2041.6% | $7.3M+2023.5% |
| Total Equity | -$5.8M-835.1% | -$5.5M+3.8% | -$5.1M+11.3% | -$4.6M+19.1% | -$624K-111.5% | -$5.7M-844.8% | -$5.7M-590.8% | -$5.8M-553.6% |
| Retained Earnings | -$27.8M-5.8% | -$27.5M-7.1% | -$27.1M-5.4% | -$26.6M-4.3% | -$26.3M-5.5% | -$25.7M-50.8% | -$25.7M-54.4% | -$25.5M-54.4% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
USLG Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$110K-171.1% | -$59K-143.6% | -$92K+68.4% | -$21K+82.5% | -$41K+94.1% | $136K+128.7% | -$292K-13.7% | -$121K+53.1% |
| Depreciation & Amortization | $11K-80.4% | $51K+24.6% | $51K+13.5% | $52K+180.5% | $57K-45.0% | $41K+140.2% | $45K+135.9% | -$64K-637.3% |
| Capital Expenditures | $88K-50.2% | $39K-74.5% | $24K-87.4% | $79K-76.5% | $177K-42.3% | $154K | $190K+18922.1% | $337K-9.0% |
| Free Cash Flow | -$199K+8.8% | -$99K-459.2% | -$116K+75.9% | -$100K+78.1% | -$218K+78.0% | -$18K+96.3% | -$482K-87.0% | -$457K+27.1% |
| Investing Cash Flow | -$88K+50.2% | -$39K+74.5% | -$24K+87.4% | -$79K+68.6% | -$177K-485.2% | -$154K-148.3% | -$190K-127.1% | -$252K-112.6% |
| Financing Cash Flow | $159K-24.6% | $92K+636.3% | $165K-59.0% | $96K-77.7% | $211K-63.7% | -$17K+86.7% | $404K+223.1% | $432K+127.7% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
USLG Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2410-Q | Q2'2410-Q | Q1'2410-Q | Q4'2310-Q | Q3'2310-Q | Q2'2310-Q | Q1'2310-Q | Q4'2210-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -29.7%-38.5pp | -143.4% | -16.9%-48.6pp | -4.6%+26.0pp | 8.8%+11.2pp | 33.6%+23.4pp | 31.6%+21.1pp | -30.6% |
| Operating Margin | -192.9% | -536.0% | -139.4% | -62.4% | -77.6% | 1.1% | -14.4% | -123.0% |
| Net Margin | -223.3% | -565.4% | -151.1% | -58.9% | -84.9% | 0.3% | -15.1% | -1708.0% |
| Return on Assets | -11.1%+10.2pp | -14.1%-14.3pp | -14.6%-9.3pp | -10.2%+267.8pp | -21.3%+7.0pp | 0.1%+25.6pp | -5.3%+11.0pp | -278.0% |
| Current Ratio | 0.08-0.1x | 0.11-0.3x | 0.16-0.2x | 0.19-0.2x | 0.190.0x | 0.40-1.1x | 0.32-1.4x | 0.36-0.5x |
| Asset Turnover | 0.05-0.2x | 0.03-0.4x | 0.10-0.3x | 0.170.0x | 0.250.0x | 0.42+0.4x | 0.35+0.3x | 0.16 |
| FCF Margin | -130.9% | -131.8% | -40.1%+7.0pp | -18.8% | -28.9% | -1.4% | -47.0% | -103.4% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
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: Gross Margin, Operating Margin, Net Margin, FCF Margin.
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
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| US LIGHTING GROUP INC USLG | FY2023 | $3.6M | -$1.1M | -30.5% | $11K | — |
| VIVIC CORP VIVC | FY2025 | $45K | -$3.4M | N/A | $323K | — |
Where US LIGHTING GROUP INC Ranks
Frequently Asked Questions
What is US LIGHTING GROUP INC's annual revenue?
US LIGHTING GROUP INC (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 INC's revenue growing?
US LIGHTING GROUP INC (USLG) revenue grew by 234.8% year-over-year, from $1.1M to $3.6M in fiscal year 2023.
Is US LIGHTING GROUP INC profitable?
No, US LIGHTING GROUP INC (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 INC's EBITDA?
US LIGHTING GROUP INC (USLG) had EBITDA of -$858K in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
What is US LIGHTING GROUP INC's gross margin?
US LIGHTING GROUP INC (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 INC's operating margin?
US LIGHTING GROUP INC (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 INC's net profit margin?
US LIGHTING GROUP INC (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 INC's free cash flow?
US LIGHTING GROUP INC (USLG) recorded an outflow of $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 INC's operating cash flow?
US LIGHTING GROUP INC (USLG) recorded an outflow of $218K in operating cash flow during fiscal year 2023, representing cash used by core business activities.
What are US LIGHTING GROUP INC's total assets?
US LIGHTING GROUP INC (USLG) had $3.1M in total assets as of fiscal year 2023, including both current and long-term assets.
What are US LIGHTING GROUP INC's capital expenditures?
US LIGHTING GROUP INC (USLG) invested $601K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
What is US LIGHTING GROUP INC's current ratio?
US LIGHTING GROUP INC (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 INC's return on assets (ROA)?
US LIGHTING GROUP INC (USLG) had a return on assets of -36.0% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
How does US LIGHTING GROUP INC's liquidity compare with its operating cash outflow?
At the end of fiscal year 2023, US LIGHTING GROUP INC (USLG) held $0 in cash, cash equivalents and investments, and reported an operating cash outflow of $218K over that year. Dividing the one by the other, the reported balance equals about 0 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 US LIGHTING GROUP INC's debt-to-equity ratio negative or not reported?
US LIGHTING GROUP INC (USLG) has negative shareholder equity of -$4.6M as of fiscal year 2023, 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 US LIGHTING GROUP INC's Altman Z-Score?
US LIGHTING GROUP INC (USLG) has an Altman Z-Score of -12.69, 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 US LIGHTING GROUP INC's Piotroski F-Score?
US LIGHTING GROUP INC (USLG) has a Piotroski F-Score of 4 out of 8 computable signals; 1 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 US LIGHTING GROUP INC's earnings high quality?
US LIGHTING GROUP INC (USLG) reported a net loss of $1.1M while operations used $218K 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 US LIGHTING GROUP INC cover its interest payments?
US LIGHTING GROUP INC (USLG) reported an operating loss of $1.1M against $125K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.