World Scan Proj Financials
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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
World Scan Proj's revenue surged 8650.0% year-over-year to $25.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
World Scan Proj carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 8.27, World Scan Proj holds $8.27 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
World Scan Proj generates a -3.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 3/100. This is up from -39.6% the prior year.
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.
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
Earnings & Revenue
World Scan Proj generated $25.2M in revenue in fiscal year 2024. This represents an increase of 8650.0% from the prior year.
World Scan Proj reported -$768K in net income in fiscal year 2024. This represents an increase of 77.5% from the prior year.
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 & Balance Sheet
World Scan Proj held $1.4M in cash against $0 in long-term debt as of fiscal year 2024.
World Scan Proj had 12M shares outstanding in fiscal year 2024. This represents an increase of 10.9% from the prior year.
Margins & Returns
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.
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.
World Scan Proj's ROE was -3.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 36.1 percentage points from the prior year.
Capital Allocation
WDSP Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6M-65.4% | $4.6M+12.3% | $4.1M-66.7% | $12.3M+483.3% | $2.1M-50.2% | $4.2M-36.4% | $6.6M+3296.1% | $195K |
| Cost of Revenue | $868K-69.1% | $2.8M+7.1% | $2.6M-67.0% | $7.9M+367.1% | $1.7M-39.4% | $2.8M-45.5% | $5.1M+4762.2% | $106K |
| Gross Profit | $717K-59.7% | $1.8M+21.6% | $1.5M-66.1% | $4.3M+976.1% | $401K-71.7% | $1.4M-4.8% | $1.5M+1561.1% | $89K |
| 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-49.3% | $2.4M+109.4% | $1.2M-2.8% | $1.2M-24.8% | $1.6M-9.1% | $1.7M |
| Operating Income | N/A | N/A | N/A | 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-108.4% | $297K+238.1% | -$215K-1327.8% | -$15K+76.6% | -$64K-130.7% | $210K |
| Net Income | -$511K-340.6% | $212K+108.3% | $102K-64.8% | $289K+133.7% | -$860K-879.8% | $110K+135.8% | -$308K-193.2% | $331K |
| 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 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.3%+6.5pp | 38.8%+3.0pp | 35.8%+0.6pp | 35.2%+16.1pp | 19.1%-14.4pp | 33.5%+11.1pp | 22.4%-23.4pp | 45.8% |
| 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%+0.1pp | 2.4%+43.3pp | -40.9%-43.5pp | 2.6%+7.3pp | -4.7%-173.9pp | 169.3% |
| Return on Equity | -2.3%-3.2pp | 0.9%+0.4pp | 0.5%-1.3pp | 1.8%+7.0pp | -5.2%-6.0pp | 0.8%+4.4pp | -3.6%-7.4pp | 3.8% |
| Return on Assets | -2.1%-2.9pp | 0.8%+0.4pp | 0.4%-0.7pp | 1.1%+4.3pp | -3.2%-3.9pp | 0.7%+1.8pp | -1.2%-3.5pp | 2.4% |
| 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 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 return on equity (ROE)?
World Scan Proj (WDSP) has a return on equity of -3.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
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.
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.
How financially healthy is World Scan Proj?
World Scan Proj (WDSP) scores 76 out of 100 on our Financial Profile, indicating strong 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.