Novaccess Global Inc Financials
This page shows Novaccess Global Inc (XSNX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 28 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).
External financing is replacing operations as the core business mechanic, with tiny assets supporting a much larger liability load.
In FY2024, financing inflow of$215K almost exactly matched operating cash burn of-$215K . That kept cash near$21K and shows the company is being bridged period to period by fresh capital rather than by operations turning into cash.
The balance sheet is extremely thin on liquid resources: current assets were only
Research spending stayed roughly flat at
Financial Health Signals
We are recalculating Novaccess Global Inc's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Key Financial Metrics
Earnings & Revenue
Novaccess Global Inc generated $0 in revenue in fiscal year 2024.
Novaccess Global Inc earned $-0.06 per diluted share (EPS) in fiscal year 2024. This represents an increase of 73.9% from the prior year.
Cash & Balance Sheet
Novaccess Global Inc held $21K in cash against $0 in long-term debt as of fiscal year 2024.
Novaccess Global Inc had 62M shares outstanding in fiscal year 2024. This represents an increase of 184.7% from the prior year.
Margins & Returns
Capital Allocation
Novaccess Global Inc invested $154K in research and development in fiscal year 2024. This represents a decrease of 0.3% from the prior year.
XSNX Income Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $0 | $0 | $0 | N/A | $0 | $0 | $0 |
| Cost of Revenue | N/A | $0 | $0 | $0 | N/A | $0 | $0 | $0 |
| Gross Profit | N/A | $0 | $0 | $0 | N/A | $0 | $0 | $0 |
| R&D Expenses | N/A | $37K+2.8% | $36K-27.0% | $50K | N/A | $40K-2.1% | $41K+17.4% | $35K |
| SG&A Expenses | N/A | $278K+41.7% | $196K | N/A | N/A | $444K | N/A | N/A |
| Operating Income | N/A | -$315K-35.6% | -$233K | N/A | N/A | -$485K | N/A | N/A |
| Interest Expense | N/A | $186K+74.4% | $106K+48.3% | $72K | N/A | $295K+12.5% | $262K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | -$936K | N/A | N/A | N/A | -$780K-271.8% | $454K | N/A |
| EPS (Diluted) | N/A | $-0.020.0% | $-0.02-300.0% | $0.01 | N/A | $-0.04-33.3% | $-0.03+78.6% | $-0.14 |
XSNX Balance Sheet
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $62K-77.3% | $274K+219.4% | $86K+394.0% | $17K-72.1% | $62K-64.8% | $177K+71.1% | $103K+76.7% | $59K |
| Current Assets | $62K+20.5% | $52K | N/A | N/A | $62K | N/A | N/A | N/A |
| Cash & Equivalents | $21K+2531.1% | $794-91.9% | $10K+552.0% | $2K-93.0% | $21K-65.2% | $61K+179.5% | $22K-43.5% | $39K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | $10.1M+31.0% | $7.7M+10.9% | $6.9M+7.6% | $6.4M-18.0% | $7.9M+22.6% | $6.4M+9.9% | $5.8M-17.7% | $7.1M |
| Current Liabilities | $10.1M+31.0% | $7.7M+10.9% | $6.9M+7.6% | $6.4M-18.0% | $7.9M+22.6% | $6.4M+9.9% | $5.8M-17.7% | $7.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$10.0M-35.0% | -$7.4M-8.3% | -$6.9M-6.6% | -$6.4M+17.6% | -$7.8M-25.1% | -$6.2M-8.8% | -$5.7M+18.5% | -$7.0M |
| Retained Earnings | -$69.6M-3.8% | -$67.0M-1.4% | -$66.1M-0.8% | -$65.6M+1.9% | -$66.9M-2.7% | -$65.1M-1.2% | -$64.4M+0.7% | -$64.8M |
XSNX Cash Flow Statement
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$55K+5.9% | -$59K+3.8% | -$61K-53.3% | -$40K+74.2% | -$155K-36.7% | -$113K+42.6% | -$197K-23.8% | -$159K |
| 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 | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Financing Cash Flow | $76K+51.5% | $50K-28.3% | $70K+247.5% | $20K-82.6% | $115K-24.8% | $153K-15.3% | $180K+34.5% | $134K |
| 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 |
XSNX Financial Ratios
| Metric | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -342.3% | N/A | N/A | N/A | -440.4%-879.0pp | 438.6% | N/A |
| Current Ratio | 0.010.0 | 0.01 | N/A | N/A | 0.01 | N/A | N/A | N/A |
| Debt-to-Equity | -1.01+0.0 | -1.04-0.0 | -1.010.0 | -1.000.0 | -1.01+0.0 | -1.03-0.0 | -1.020.0 | -1.01 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$10.0M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Novaccess Global Inc's annual revenue?
Novaccess Global Inc (XSNX) reported $0 in total revenue for fiscal year 2024. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
What is Novaccess Global Inc's operating cash flow?
Novaccess Global Inc (XSNX) generated -$215K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Novaccess Global Inc's total assets?
Novaccess Global Inc (XSNX) had $62K in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Novaccess Global Inc spend on research and development?
Novaccess Global Inc (XSNX) invested $154K in research and development during fiscal year 2024.
What is Novaccess Global Inc's current ratio?
Novaccess Global Inc (XSNX) had a current ratio of 0.01 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Novaccess Global Inc's debt-to-equity ratio?
Novaccess Global Inc (XSNX) had a debt-to-equity ratio of -1.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Novaccess Global Inc's cash runway?
Based on fiscal year 2024 data, Novaccess Global Inc (XSNX) had $21K in cash against an annual operating cash burn of $215K. 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.
Why is Novaccess Global Inc's debt-to-equity ratio negative or unusual?
Novaccess Global Inc (XSNX) has negative shareholder equity of -$10.0M as of fiscal year 2024, 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.