World Scan Proj Financials

WDSP

Source SEC Filings (10-K/10-Q) Updated Jul 31, 2025 Currency USD FYE October

This page shows World Scan Proj (WDSP) 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

Piotroski F-Score Weak

3/9

World Scan Proj 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

21.95x

For every $1 of reported earnings, World Scan Proj generates $21.95 in operating cash flow (-$16.9M OCF vs -$768K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$25.2M

YoY+8650.0%

World Scan Proj generated $25.2M in revenue in fiscal year 2024. This represents an increase of 8650.0% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

-$768K

YoY+77.5%

World Scan Proj reported -$768K in net income in fiscal year 2024. This represents an increase of 77.5% from the prior year.

EPS (Diluted)

$-0.04

YoY+76.5%

World Scan Proj earned $-0.04 per diluted share (EPS) in fiscal year 2024. This represents an increase of 76.5% from the prior year.

Cash & Debt

$1.4M

YoY+88.9%

World Scan Proj held $1.4M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

12M

YoY+10.9%

World Scan Proj had 12M shares outstanding in fiscal year 2024. This represents an increase of 10.9% from the prior year.

Gross Margin

30.2%

YoY-22.8pp

World Scan Proj's gross margin was 30.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 22.8 percentage points from the prior year.

Operating Margin

N/A

Net Margin

-3.0%

YoY+1182.9pp

World Scan Proj's net profit margin was -3.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 1182.9 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

WDSP Income Statement

Metric	FY24	FY23	FY22	FY21	FY20
Revenue	$25.2M+8650.0%	$288K-98.0%	$14.5M+22.9%	$11.8M+138.5%	$5.0M
Cost of Revenue	$17.6M+12903.3%	$135K-98.8%	$11.3M+125.5%	$5.0M+199.2%	$1.7M
Gross Profit	$7.6M+4883.3%	$153K-95.2%	$3.2M-53.0%	$6.8M+107.5%	$3.3M
R&D Expenses	N/A	$18.7M	N/A	N/A	N/A
SG&A Expenses	$6.3M-64.0%	$17.6M+309.0%	$4.3M+24.4%	$3.5M+132.6%	$1.5M
Operating Income	N/A	N/A	N/A	N/A	$2.0M
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	$2K+100.1%	-$2.1M-142.5%	$4.9M+269.4%	$1.3M+86.5%	$715K
Net Income	-$768K+77.5%	-$3.4M-138.4%	$8.9M+281.9%	$2.3M+77.5%	$1.3M
EPS (Diluted)	$-0.04+76.5%	$-0.17-139.5%	$0.43+290.9%	$0.11+57.1%	$0.07

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q3'23
Revenue	$1.6M-65.4%	$4.6M+12.3%	$4.1M	N/A	$2.1M-50.2%	$4.2M-36.4%	$6.6M	N/A
Cost of Revenue	$868K-69.1%	$2.8M+7.1%	$2.6M	N/A	$1.7M-39.4%	$2.8M-45.5%	$5.1M	N/A
Gross Profit	$717K-59.7%	$1.8M+21.6%	$1.5M	N/A	$401K-71.7%	$1.4M-4.8%	$1.5M	N/A
R&D Expenses	$513K+211.9%	$165K+2.6%	$160K	N/A	$631K+377.6%	$132K-26.5%	$180K	N/A
SG&A Expenses	$1.2M+1.3%	$1.2M-0.9%	$1.2M	N/A	$1.2M-2.8%	$1.2M-24.8%	$1.6M	N/A
Operating Income	N/A	N/A	-$87K	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$191K-203.9%	$184K+835.0%	-$25K	N/A	-$215K-1327.8%	-$15K+76.6%	-$64K	N/A
Net Income	-$511K-340.6%	$212K+108.3%	$102K	N/A	-$860K-879.8%	$110K+135.8%	-$308K	N/A
EPS (Diluted)	$-0.02-300.0%	$0.01	$0.00	N/A	$-0.04-500.0%	$0.01+200.0%	$-0.01	N/A

WDSP Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20
Total Assets	$24.8M-7.0%	$26.7M+4.9%	$25.4M+241.6%	$7.4M+120.1%	$3.4M
Current Assets	$21.9M-5.6%	$23.2M-3.9%	$24.1M+297.6%	$6.1M+85.8%	$3.3M
Cash & Equivalents	$1.4M+88.9%	$767K-50.5%	$1.6M-20.4%	$1.9M+189.3%	$674K
Inventory	$14.3M-8.2%	$15.6M+3395159.8%	$458-99.9%	$434K+3.7%	$418K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$3.1M-82.9%	$18.0M+60.1%	$11.3M+309.9%	$2.8M+110.4%	$1.3M
Current Liabilities	$2.6M-72.9%	$9.8M-8.7%	$10.7M+461.9%	$1.9M+51.8%	$1.3M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$21.7M+152.0%	$8.6M-39.1%	$14.2M+201.6%	$4.7M+126.2%	$2.1M
Retained Earnings	$8.5M+4.8%	$8.1M-44.6%	$14.6M+217.9%	$4.6M+175.1%	$1.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q3'23
Total Assets	$24.1M-6.5%	$25.8M+4.0%	$24.8M-9.5%	$27.4M+2.8%	$26.7M+62.3%	$16.4M-38.4%	$26.7M+89.9%	$14.0M
Current Assets	$17.3M-23.8%	$22.7M+3.6%	$21.9M-10.2%	$24.4M+5.2%	$23.2M+72.1%	$13.5M-41.9%	$23.2M+105.0%	$11.3M
Cash & Equivalents	$212K+76.0%	$120K-91.7%	$1.4M-11.3%	$1.6M+45.7%	$1.1M+384.3%	$232K-69.8%	$767K-86.5%	$5.7M
Inventory	$14.9M-7.9%	$16.1M+13.0%	$14.3M-16.2%	$17.0M+34414.4%	$49K+497.9%	$8K-99.9%	$15.6M+4236.0%	$359K
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$2.0M-4.2%	$2.0M-33.7%	$3.1M-71.5%	$10.8M+5.5%	$10.3M+255.6%	$2.9M-84.0%	$18.0M+239.0%	$5.3M
Current Liabilities	$1.5M-2.8%	$1.6M-41.3%	$2.6M-74.4%	$10.4M+6.0%	$9.8M+312.5%	$2.4M-75.8%	$9.8M+108.1%	$4.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$22.2M-6.7%	$23.8M+9.4%	$21.7M+31.0%	$16.6M+1.1%	$16.4M+21.1%	$13.5M+57.1%	$8.6M-1.1%	$8.7M
Retained Earnings	$8.2M-5.9%	$8.7M+2.5%	$8.5M+1.2%	$8.4M+3.6%	$8.1M-9.6%	$8.9M+10.6%	$8.1M-11.6%	$9.1M

WDSP Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$16.9M-9793.4%	-$170K-103.7%	$4.6M+126.6%	$2.0M+257.3%	$569K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$126K+92.2%	-$1.6M-616.4%	-$227K-21.4%	-$187K	N/A
Financing Cash Flow	$13.7M+636.7%	$1.9M	N/A	$455-99.9%	$323K
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q3'23
Operating Cash Flow	$4.1M+382.5%	-$1.5M+72.5%	-$5.3M+2.3%	-$5.4M-529.6%	-$860K-15179.9%	$6K+100.1%	-$10.6M-286.0%	$5.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	$479K+369.0%	-$178K-1594.5%	$12K+102.7%	-$439K+72.9%	-$1.6M
Financing Cash Flow	$0	$0-100.0%	$5.2M+1.7%	$5.2M+88.5%	$2.7M	$0-100.0%	$5.8M+1509.4%	$362K
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

WDSP Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20
Gross Margin	30.2%-22.8pp	53.0%+31.0pp	22.0%-35.5pp	57.5%-8.6pp	66.1%
Operating Margin	N/A	N/A	N/A	N/A	41.0%
Net Margin	-3.0%+1182.9pp	-1185.9%-1247.3pp	61.4%+41.6pp	19.7%-6.8pp	26.5%
Return on Equity	N/A	N/A	62.9%+13.2pp	49.7%-13.6pp	63.3%
Return on Assets	-3.1%+9.7pp	-12.8%-47.8pp	35.0%+3.7pp	31.3%-7.5pp	38.9%
Current Ratio	8.27+5.9	2.37+0.1	2.25-0.9	3.18+0.6	2.60
Debt-to-Equity	0.14-2.0	2.09+1.3	0.80+0.2	0.59-0.0	0.63
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q3'23
Gross Margin	45.3%+6.5pp	38.8%+3.0pp	35.8%	N/A	19.1%-14.4pp	33.5%+11.1pp	22.4%	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-32.2%-36.9pp	4.6%+2.1pp	2.5%	N/A	-40.9%-43.5pp	2.6%+7.3pp	-4.7%	N/A
Return on Equity	N/A	0.9%+0.4pp	0.5%	N/A	N/A	0.8%	N/A	N/A
Return on Assets	-2.1%-2.9pp	0.8%+0.4pp	0.4%	N/A	-3.2%-3.9pp	0.7%+1.8pp	-1.2%	N/A
Current Ratio	11.44-3.1	14.59+6.3	8.27+5.9	2.35-0.0	2.37-3.3	5.68+3.3	2.37-0.0	2.41
Debt-to-Equity	0.090.0	0.09-0.1	0.14-0.5	0.65+0.0	0.63+0.4	0.21-1.9	2.09+1.5	0.61
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is World Scan Proj's annual revenue?

World Scan Proj (WDSP) reported $25.2M in total revenue for fiscal year 2024. This represents a 8650.0% 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 World Scan Proj's revenue growing?

World Scan Proj (WDSP) revenue grew by 8650% year-over-year, from $288K to $25.2M in fiscal year 2024.

Is World Scan Proj profitable?

No, World Scan Proj (WDSP) reported a net income of -$768K in fiscal year 2024, with a net profit margin of -3.0%.

What is World Scan Proj's earnings per share (EPS)?

World Scan Proj (WDSP) reported diluted earnings per share of $-0.04 for fiscal year 2024. This represents a 76.5% 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 World Scan Proj's gross margin?

World Scan Proj (WDSP) had a gross margin of 30.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is World Scan Proj's net profit margin?

World Scan Proj (WDSP) had a net profit margin of -3.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is World Scan Proj's operating cash flow?

World Scan Proj (WDSP) generated -$16.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are World Scan Proj's total assets?

World Scan Proj (WDSP) had $24.8M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does World Scan Proj have outstanding?

World Scan Proj (WDSP) had 12M shares outstanding as of fiscal year 2024.

What is World Scan Proj's current ratio?

World Scan Proj (WDSP) had a current ratio of 8.27 as of fiscal year 2024, which is generally considered healthy.

What is World Scan Proj's debt-to-equity ratio?

World Scan Proj (WDSP) had a debt-to-equity ratio of 0.14 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is World Scan Proj's return on assets (ROA)?

World Scan Proj (WDSP) had a return on assets of -3.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is World Scan Proj's cash runway?

Based on fiscal year 2024 data, World Scan Proj (WDSP) had $1.4M in cash against an annual operating cash burn of $16.9M. This gives an estimated cash runway of approximately 1 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.

What is World Scan Proj's Piotroski F-Score?

World Scan Proj (WDSP) 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 World Scan Proj's earnings high quality?

World Scan Proj (WDSP) has an earnings quality ratio of 21.95x, 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.