Value Exchange Intl Inc Financials

VEII

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2024 Currency USD FYE December

This page shows Value Exchange Intl Inc (VEII) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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

Financial Profile 15/100

Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Value Exchange Intl Inc has an operating margin of -55.6%, meaning the company retains $-56 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 -1.8% the prior year.

Growth

Value Exchange Intl Inc's revenue grew 10.1% year-over-year to $12.0M, a solid pace of expansion. This earns a growth score of 57/100.

Liquidity

Value Exchange Intl Inc's current ratio of 0.54 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 2/100, which could limit financial flexibility.

Cash Flow

While Value Exchange Intl Inc generated -$2.1M in operating cash flow, capex of $43K consumed most of it, leaving -$2.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Weak

3/9

Value Exchange Intl Inc passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.31x

For every $1 of reported earnings, Value Exchange Intl Inc generates $0.31 in operating cash flow (-$2.1M OCF vs -$6.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-43.1x

Value Exchange Intl Inc earns $-43.1 in operating income for every $1 of interest expense (-$6.7M vs $155K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$12.0M

YoY+10.1%

Value Exchange Intl Inc generated $12.0M in revenue in fiscal year 2023. This represents an increase of 10.1% from the prior year.

EBITDA

-$6.5M

YoY-27813.9%

Value Exchange Intl Inc's EBITDA was -$6.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 27813.9% from the prior year.

Free Cash Flow

-$2.1M

YoY-104.5%

Value Exchange Intl Inc generated -$2.1M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 104.5% from the prior year.

Net Income

-$6.7M

YoY-200186.5%

Value Exchange Intl Inc reported -$6.7M in net income in fiscal year 2023. This represents a decrease of 200186.5% from the prior year.

EPS (Diluted)

$-0.18

Value Exchange Intl Inc earned $-0.18 per diluted share (EPS) in fiscal year 2023.

Cash & Debt

$886K

YoY+324.6%

Value Exchange Intl Inc held $886K in cash against $0 in long-term debt as of fiscal year 2023.

Dividends Per Share

N/A

Shares Outstanding

44M

YoY+20.3%

5Y CAGR+10.4%

Value Exchange Intl Inc had 44M shares outstanding in fiscal year 2023. This represents an increase of 20.3% from the prior year.

Gross Margin

9.8%

YoY-5.7pp

Value Exchange Intl Inc's gross margin was 9.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 5.7 percentage points from the prior year.

Operating Margin

-55.6%

YoY-53.8pp

Value Exchange Intl Inc's operating margin was -55.6% in fiscal year 2023, reflecting core business profitability. This is down 53.8 percentage points from the prior year.

Net Margin

-56.0%

YoY-56.0pp

Value Exchange Intl Inc's net profit margin was -56.0% in fiscal year 2023, showing the share of revenue converted to profit. This is down 56.0 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$43K

YoY-80.6%

Value Exchange Intl Inc invested $43K in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents a decrease of 80.6% from the prior year.

VEII Income Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY13
Revenue	$12.0M+10.1%	$10.9M+9.5%	$10.0M-51.4%	$20.6M+147.3%	$8.3M	$0
Cost of Revenue	$10.8M+17.5%	$9.2M+26.5%	$7.3M-60.5%	$18.5M+182.7%	$6.5M	N/A
Gross Profit	$1.2M-30.1%	$1.7M-36.7%	$2.7M+30.5%	$2.1M+16.3%	$1.8M	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$7.9M+294.4%	$2.0M-6.1%	$2.1M+14.0%	$1.9M-1.3%	$1.9M+1482.9%	$120K
Operating Income	-$6.7M-3353.4%	-$194K-136.2%	$535K+323.3%	$126K+205.9%	-$119K+1.7%	-$121K
Interest Expense	$155K+351.0%	$34K	N/A	$15K+45.6%	$10K+371.8%	-$4K
Income Tax	$40K-46.3%	$74K-15.0%	$87K+320.4%	$21K+81.6%	$11K	$0
Net Income	-$6.7M-200186.5%	$3K-99.5%	$677K+542.1%	$106K+97.4%	$53K+125.6%	-$209K
EPS (Diluted)	$-0.18	$0.00	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q3'23	Q2'23	Q1'23	Q4'22
Revenue	$4.4M+7.9%	$4.1M+20.6%	$3.4M+1.1%	$3.3M+12.6%	$3.0M+3.9%	$2.9M-1.2%	$2.9M-9.5%	$3.2M
Cost of Revenue	$3.8M+10.8%	$3.4M+53.7%	$2.2M-39.0%	$3.7M+57.0%	$2.3M-1.6%	$2.4M-5.5%	$2.5M-9.7%	$2.8M
Gross Profit	$592K-7.5%	$640K-44.0%	$1.1M+459.9%	-$317K-150.0%	$635K+30.8%	$485K+27.1%	$382K-7.8%	$414K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.2M+36.8%	$851K-21.7%	$1.1M-79.9%	$5.4M+509.0%	$886K+1.2%	$876K+19.7%	$732K+22.6%	$597K
Operating Income	-$431K-236.3%	-$128K+55.3%	-$287K+95.0%	-$5.7M-2334.0%	-$234K+26.8%	-$320K+27.0%	-$438K-277.8%	-$116K
Interest Expense	$56K+9.4%	$51K+0.2%	$51K+45.0%	$35K-52.8%	$75K+381.4%	$16K-47.5%	$30K	N/A
Income Tax	$204+6.8%	$191-20.7%	$241-99.3%	$35K+734.5%	$4K+12258.8%	-$34-102.9%	$1K-98.4%	$72K
Net Income	-$522K-56.5%	-$333K-189.0%	$374K+106.7%	-$5.6M-1616.8%	-$327K+4.1%	-$341K+24.9%	-$454K-234.6%	-$136K
EPS (Diluted)	$-0.010.0%	$-0.01-200.0%	$0.01+106.7%	$-0.15-1400.0%	$-0.010.0%	$-0.010.0%	$-0.01	N/A

VEII Balance Sheet

Metric	FY23	FY22	FY21	FY20	FY19	FY13
Total Assets	$5.2M-9.1%	$5.7M+21.3%	$4.7M+9.0%	$4.3M+25.4%	$3.5M+76791.8%	$5K
Current Assets	$3.8M-14.9%	$4.4M+27.1%	$3.5M+12.0%	$3.1M+54.5%	$2.0M	N/A
Cash & Equivalents	$886K+324.6%	$209K-27.9%	$289K-44.7%	$523K+123.6%	$234K	$0
Inventory	N/A	$226K-42.0%	$389K+63.5%	$238K+8.4%	$220K	N/A
Accounts Receivable	$1.7M+53.3%	$1.1M+32.0%	$859K+43.2%	$599K-22.5%	$774K	N/A
Goodwill	$207K0.0%	$207K0.0%	$207K0.0%	$207K0.0%	$207K	N/A
Total Liabilities	$8.5M+145.3%	$3.5M+46.2%	$2.4M-22.4%	$3.1M+29.2%	$2.4M+1579.4%	$142K
Current Liabilities	$7.0M+111.2%	$3.3M+51.5%	$2.2M-19.7%	$2.7M+43.9%	$1.9M	N/A
Long-Term Debt	N/A	$43K+14.2%	$37K-40.7%	$63K	$0	N/A
Total Equity	-$3.4M-261.4%	$2.1M-4.7%	$2.2M+83.5%	$1.2M+13.3%	$1.1M+882.7%	-$137K
Retained Earnings	-$5.9M-789.7%	$849K-2.1%	$868K+109.5%	$414K+34.1%	$309K+121.9%	-$1.4M

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q3'23	Q2'23	Q1'23	Q4'22
Total Assets	$6.8M+16.2%	$5.9M+16.7%	$5.0M-3.3%	$5.2M-27.9%	$7.2M+16.0%	$6.2M+1.7%	$6.1M+6.9%	$5.7M
Current Assets	$5.2M+24.6%	$4.2M+33.9%	$3.1M-17.6%	$3.8M-32.9%	$5.6M+9.0%	$5.2M+3.7%	$5.0M+12.2%	$4.4M
Cash & Equivalents	$326K-44.8%	$590K+14.5%	$515K-41.9%	$886K+277.7%	$235K-38.4%	$381K-40.1%	$636K+204.7%	$209K
Inventory	$376K+133.2%	$161K-25.1%	$215K	N/A	$273K+22.3%	$224K-2.6%	$230K+1.8%	$226K
Accounts Receivable	$2.9M+37.9%	$2.1M+41.4%	$1.5M-14.5%	$1.7M+18.6%	$1.5M-10.6%	$1.6M+34.3%	$1.2M+7.6%	$1.1M
Goodwill	$342K0.0%	$342K0.0%	$342K+65.4%	$207K0.0%	$207K0.0%	$207K0.0%	$207K0.0%	$207K
Total Liabilities	$10.7M+16.8%	$9.2M+15.2%	$8.0M-6.6%	$8.5M+74.0%	$4.9M+3.1%	$4.8M+11.1%	$4.3M+23.1%	$3.5M
Current Liabilities	$9.6M+18.0%	$8.2M+17.3%	$7.0M-0.7%	$7.0M+79.0%	$3.9M+27.1%	$3.1M+19.2%	$2.6M-22.1%	$3.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	$36K-16.7%	$43K
Total Equity	-$4.0M-17.4%	-$3.4M-12.2%	-$3.0M+11.9%	-$3.4M-256.6%	$2.2M+61.2%	$1.4M-20.2%	$1.7M-19.9%	$2.1M
Retained Earnings	-$6.3M-8.9%	-$5.8M-6.1%	-$5.5M+6.6%	-$5.9M-1983.0%	-$281K-547.5%	$63K-83.7%	$385K-54.6%	$849K

VEII Cash Flow Statement

Metric	FY23	FY22	FY21	FY20	FY19	FY13
Operating Cash Flow	-$2.1M-154.9%	-$822K-707.2%	$135K-81.3%	$724K+243.2%	-$506K	$0
Capital Expenditures	$43K-80.6%	$224K-31.5%	$327K+116.5%	$151K+68.1%	$90K	N/A
Free Cash Flow	-$2.1M-104.5%	-$1.0M-446.7%	-$191K-133.3%	$574K+196.3%	-$596K	N/A
Investing Cash Flow	-$43K+80.6%	-$224K+31.4%	-$326K-124.2%	-$145K-62.9%	-$89K	N/A
Financing Cash Flow	$2.8M+180.9%	$997K+7097.1%	-$14K+95.4%	-$312K-1841.3%	$18K	N/A
Dividends Paid	N/A	N/A	$169K	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q3'23	Q2'23	Q1'23	Q4'22
Operating Cash Flow	-$291K-339.5%	$121K+135.2%	-$345K+52.5%	-$727K-494.9%	-$122K+81.3%	-$652K-9.8%	-$594K+5.4%	-$628K
Capital Expenditures	-$237-103.4%	$7K-93.0%	$99K+704.4%	$12K+125.3%	-$49K-703.7%	$8K-88.7%	$72K-9.2%	$79K
Free Cash Flow	-$291K-354.2%	$115K+125.8%	-$444K+39.9%	-$739K-332.1%	-$171K+74.1%	-$660K+0.8%	-$666K+5.8%	-$707K
Investing Cash Flow	$237+103.4%	-$7K+82.2%	-$39K-216.3%	-$12K-125.3%	$49K+703.7%	-$8K+88.7%	-$72K+9.2%	-$79K
Financing Cash Flow	$96K+134773.2%	-$71+99.0%	-$7K-100.5%	$1.4M+15482.8%	-$9K-102.1%	$423K-57.4%	$993K+38.1%	$719K
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

VEII Financial Ratios

Metric	FY23	FY22	FY21	FY20	FY19	FY13
Gross Margin	9.8%-5.7pp	15.5%-11.3pp	26.9%+16.9pp	10.0%-11.3pp	21.3%	N/A
Operating Margin	-55.6%-53.8pp	-1.8%-7.1pp	5.4%+4.8pp	0.6%+2.1pp	-1.4%	N/A
Net Margin	-56.0%-56.0pp	0.0%-6.8pp	6.8%+6.3pp	0.5%-0.1pp	0.6%	N/A
Return on Equity	N/A	0.2%-30.2pp	30.4%+21.7pp	8.7%+3.7pp	5.0%	N/A
Return on Assets	-129.1%-129.1pp	0.1%-14.3pp	14.3%+11.9pp	2.4%+0.9pp	1.5%+4637.4pp	-4635.9%
Current Ratio	0.54-0.8	1.34-0.3	1.59+0.5	1.14+0.1	1.06	N/A
Debt-to-Equity	-2.49-2.5	0.020.0	0.02-0.0	0.05+0.1	0.00+1.0	-1.03
FCF Margin	-17.8%-8.2pp	-9.6%-7.6pp	-1.9%-4.7pp	2.8%+10.0pp	-7.2%	N/A

Metric	Q3'24	Q2'24	Q1'24	Q3'23	Q3'23	Q2'23	Q1'23	Q4'22
Gross Margin	13.5%-2.3pp	15.8%-18.2pp	33.9%+43.4pp	-9.5%-31.0pp	21.4%+4.4pp	17.0%+3.8pp	13.2%+0.2pp	13.0%
Operating Margin	-9.8%-6.7pp	-3.1%+5.4pp	-8.5%+162.4pp	-170.9%-163.0pp	-7.9%+3.3pp	-11.2%+4.0pp	-15.2%-11.6pp	-3.6%
Net Margin	-11.9%-3.7pp	-8.2%-19.3pp	11.1%+179.4pp	-168.3%-157.3pp	-11.0%+0.9pp	-12.0%+3.8pp	-15.7%-11.5pp	-4.3%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-7.6%-2.0pp	-5.7%-13.1pp	7.4%+115.0pp	-107.5%-103.0pp	-4.5%+0.9pp	-5.5%+1.9pp	-7.4%-5.0pp	-2.4%
Current Ratio	0.54+0.0	0.51+0.1	0.45-0.1	0.54-0.9	1.44-0.2	1.68-0.2	1.93+0.6	1.34
Debt-to-Equity	-2.70+0.0	-2.71-0.1	-2.64-0.1	-2.49-4.7	2.24-1.3	3.51+3.5	0.020.0	0.02
FCF Margin	-6.6%-9.5pp	2.8%+16.0pp	-13.2%+9.0pp	-22.2%-16.4pp	-5.8%+17.4pp	-23.2%-0.1pp	-23.1%-0.9pp	-22.2%

Note: Shareholder equity is negative (-$3.4M), 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 (0.54), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Value Exchange Intl Inc's annual revenue?

Value Exchange Intl Inc (VEII) reported $12.0M in total revenue for fiscal year 2023. This represents a 10.1% 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 Value Exchange Intl Inc's revenue growing?

Value Exchange Intl Inc (VEII) revenue grew by 10.1% year-over-year, from $10.9M to $12.0M in fiscal year 2023.

Is Value Exchange Intl Inc profitable?

No, Value Exchange Intl Inc (VEII) reported a net income of -$6.7M in fiscal year 2023, with a net profit margin of -56.0%.

What is Value Exchange Intl Inc's earnings per share (EPS)?

Value Exchange Intl Inc (VEII) reported diluted earnings per share of $-0.18 for fiscal year 2023. 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 Value Exchange Intl Inc's EBITDA?

Value Exchange Intl Inc (VEII) had EBITDA of -$6.5M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.

What is Value Exchange Intl Inc's gross margin?

Value Exchange Intl Inc (VEII) had a gross margin of 9.8% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.

What is Value Exchange Intl Inc's operating margin?

Value Exchange Intl Inc (VEII) had an operating margin of -55.6% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.

What is Value Exchange Intl Inc's net profit margin?

Value Exchange Intl Inc (VEII) had a net profit margin of -56.0% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.

What is Value Exchange Intl Inc's free cash flow?

Value Exchange Intl Inc (VEII) generated -$2.1M in free cash flow during fiscal year 2023. This represents a -104.5% 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 Value Exchange Intl Inc's operating cash flow?

Value Exchange Intl Inc (VEII) generated -$2.1M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.

What are Value Exchange Intl Inc's total assets?

Value Exchange Intl Inc (VEII) had $5.2M in total assets as of fiscal year 2023, including both current and long-term assets.

What are Value Exchange Intl Inc's capital expenditures?

Value Exchange Intl Inc (VEII) invested $43K in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.

How many shares does Value Exchange Intl Inc have outstanding?

Value Exchange Intl Inc (VEII) had 44M shares outstanding as of fiscal year 2023.

What is Value Exchange Intl Inc's current ratio?

Value Exchange Intl Inc (VEII) had a current ratio of 0.54 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.

What is Value Exchange Intl Inc's debt-to-equity ratio?

Value Exchange Intl Inc (VEII) had a debt-to-equity ratio of -2.49 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Value Exchange Intl Inc's return on assets (ROA)?

Value Exchange Intl Inc (VEII) had a return on assets of -129.1% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.

What is Value Exchange Intl Inc's cash runway?

Based on fiscal year 2023 data, Value Exchange Intl Inc (VEII) had $886K in cash against an annual operating cash burn of $2.1M. This gives an estimated cash runway of approximately 5 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 Value Exchange Intl Inc's debt-to-equity ratio negative or unusual?

Value Exchange Intl Inc (VEII) has negative shareholder equity of -$3.4M 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 Value Exchange Intl Inc's Piotroski F-Score?

Value Exchange Intl Inc (VEII) has a Piotroski F-Score of 3 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 Value Exchange Intl Inc's earnings high quality?

Value Exchange Intl Inc (VEII) 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 Value Exchange Intl Inc cover its interest payments?

Value Exchange Intl Inc (VEII) has an interest coverage ratio of -43.1x, 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 Value Exchange Intl Inc?

Value Exchange Intl Inc (VEII) scores 15 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.