Zapp Electric Financials
This page shows Zapp Electric (ZAPWF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
Zapp Electric passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Zapp Electric generates $0.54 in operating cash flow (-$4.9M OCF vs -$9.0M 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
Zapp Electric generated $17K in revenue in fiscal year 2024.
Zapp Electric reported -$9.0M in net income in fiscal year 2024. This represents an increase of 95.9% from the prior year.
Cash & Balance Sheet
Zapp Electric generated -$4.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 26.5% from the prior year.
Zapp Electric held $1.6M in cash against $286K in long-term debt as of fiscal year 2024.
Zapp Electric had 5M shares outstanding in fiscal year 2024. This represents a decrease of 91.5% from the prior year.
Margins & Returns
Zapp Electric's net profit margin was -51651.8% in fiscal year 2024, showing the share of revenue converted to profit.
Capital Allocation
Zapp Electric invested $25K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 85.5% from the prior year.
ZAPWF Income Statement
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Revenue | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A |
ZAPWF Balance Sheet
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Total Assets | $5.4M-26.5% | $7.3M+73.8% | $4.2M |
| Current Assets | $3.5M+30.3% | $2.7M+16.8% | $2.3M |
| Cash & Equivalents | $1.6M+90.1% | $823K-58.1% | $2.0M |
| Inventory | $505K-10.8% | $566K+406.8% | $112K |
| Accounts Receivable | $1.4M+9.8% | $1.3M+546.4% | $195K |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $27.9M+8.3% | $25.8M+1405.0% | $1.7M |
| Current Liabilities | $26.9M+13.4% | $23.7M+1718.4% | $1.3M |
| Long-Term Debt | $286K-3.8% | $297K+9.5% | $271K |
| Total Equity | -$22.5M-22.1% | -$18.4M-833.9% | $2.5M |
| Retained Earnings | -$238.3M-3.8% | -$229.6M-2944.0% | -$7.5M |
ZAPWF Cash Flow Statement
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A |
ZAPWF Financial Ratios
| Metric | Q4'24 | Q4'23 | Q4'22 |
|---|---|---|---|
| Gross Margin | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A |
| Current Ratio | 0.13+0.0 | 0.11-1.6 | 1.74 |
| Debt-to-Equity | -0.010.0 | -0.02-0.1 | 0.11 |
| FCF Margin | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$22.5M), 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 (0.13), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Zapp Electric's annual revenue?
Zapp Electric (ZAPWF) reported $17K 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.
Is Zapp Electric profitable?
No, Zapp Electric (ZAPWF) reported a net income of -$9.0M in fiscal year 2024, with a net profit margin of -51651.8%.
How much debt does Zapp Electric have?
As of fiscal year 2024, Zapp Electric (ZAPWF) had $1.6M in cash and equivalents against $286K in long-term debt.
What is Zapp Electric's net profit margin?
Zapp Electric (ZAPWF) had a net profit margin of -51651.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Zapp Electric's free cash flow?
Zapp Electric (ZAPWF) generated -$4.9M in free cash flow during fiscal year 2024. This represents a 26.5% 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 Zapp Electric's operating cash flow?
Zapp Electric (ZAPWF) generated -$4.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Zapp Electric's total assets?
Zapp Electric (ZAPWF) had $5.4M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Zapp Electric's capital expenditures?
Zapp Electric (ZAPWF) invested $25K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Zapp Electric's current ratio?
Zapp Electric (ZAPWF) had a current ratio of 0.13 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Zapp Electric's debt-to-equity ratio?
Zapp Electric (ZAPWF) had a debt-to-equity ratio of -0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Zapp Electric's return on assets (ROA)?
Zapp Electric (ZAPWF) had a return on assets of -167.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Zapp Electric's cash runway?
Based on fiscal year 2024 data, Zapp Electric (ZAPWF) had $1.6M in cash against an annual operating cash burn of $4.9M. This gives an estimated cash runway of approximately 4 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 Zapp Electric's debt-to-equity ratio negative or unusual?
Zapp Electric (ZAPWF) has negative shareholder equity of -$22.5M 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.
What is Zapp Electric's Piotroski F-Score?
Zapp Electric (ZAPWF) has a Piotroski F-Score of 5 out of 9, indicating neutral 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 Zapp Electric's earnings high quality?
Zapp Electric (ZAPWF) has an earnings quality ratio of 0.54x, 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.