Zrcn Inc Financials
This page shows Zrcn Inc (ZRCN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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 FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Zrcn Inc has an operating margin of -8.7%, meaning the company retains $-9 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 2.6% the prior year.
Zrcn Inc's revenue declined 10.9% year-over-year, from $31.5M to $28.1M. This contraction results in a growth score of 0/100.
Zrcn Inc has elevated debt relative to equity (D/E of 4.59), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Zrcn Inc's current ratio of 1.21 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 28/100, which could limit financial flexibility.
Zrcn Inc's free cash flow margin of 4.9% results in a low score of 24/100. Capital expenditures of $792K absorb a large share of operating cash flow.
Zrcn Inc passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Zrcn Inc generates $-0.74 in operating cash flow ($2.2M OCF vs -$2.9M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Zrcn Inc earns $-3.1 in operating income for every $1 of interest expense (-$2.5M vs $804K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Zrcn Inc generated $28.1M in revenue in fiscal year 2025. This represents a decrease of 10.9% from the prior year.
Zrcn Inc's EBITDA was -$1.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 199.7% from the prior year.
Zrcn Inc generated $1.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 126.1% from the prior year.
Zrcn Inc reported -$2.9M in net income in fiscal year 2025. This represents a decrease of 5766.7% from the prior year.
Zrcn Inc earned $-0.28 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 1300.0% from the prior year.
Zrcn Inc held $1.4M in cash against $0 in long-term debt as of fiscal year 2025.
Zrcn Inc had 10M shares outstanding in fiscal year 2025. This represents an increase of 3.6% from the prior year.
Zrcn Inc's gross margin was 39.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 4.2 percentage points from the prior year.
Zrcn Inc's operating margin was -8.7% in fiscal year 2025, reflecting core business profitability. This is down 11.4 percentage points from the prior year.
Zrcn Inc's net profit margin was -10.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 10.5 percentage points from the prior year.
Zrcn Inc invested $1.7M in research and development in fiscal year 2025. This represents a decrease of 10.7% from the prior year.
Zrcn Inc invested $792K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 36.1% from the prior year.
ZRCN Income Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'25 | Q1'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.7M-21.7% | $7.2M-22.7% | $9.4M+61.1% | $5.8M-28.7% | $8.2M+8.1% | $7.5M-18.6% | $9.3M+41.0% | $6.6M |
| Cost of Revenue | $3.9M-7.0% | $4.2M-21.4% | $5.4M+54.8% | $3.5M-26.5% | $4.7M+5.0% | $4.5M-7.9% | $4.9M+34.5% | $3.6M |
| Gross Profit | $1.8M-42.1% | $3.0M-24.4% | $4.0M+70.4% | $2.4M-31.7% | $3.4M+12.7% | $3.1M-30.4% | $4.4M+49.1% | $2.9M |
| R&D Expenses | $464K+18.7% | $391K-9.5% | $432K+1.6% | $425K-8.6% | $465K0.0% | $465K-7.6% | $503K+3.7% | $485K |
| SG&A Expenses | $2.2M+25.5% | $1.7M-15.3% | $2.0M+38.6% | $1.5M-18.9% | $1.8M+19.3% | $1.5M-12.3% | $1.7M+3.1% | $1.7M |
| Operating Income | -$2.1M-400.2% | -$410K-192.3% | $444K+201.4% | -$438K-388.2% | $152K+256.7% | -$97K-108.6% | $1.1M+423.1% | -$350K |
| Interest Expense | $174K-14.7% | $204K+0.5% | $203K-9.0% | $223K+26.0% | $177K-22.8% | $229K+30.7% | $175K+11.5% | $157K |
| Income Tax | $577K+284.7% | $150K+185.7% | -$175K-933.3% | $21K+116.7% | -$126K-647.8% | $23K-82.7% | $133K+233.0% | -$100K |
| Net Income | -$2.8M-5977.1% | $48K-89.8% | $469K+180.0% | -$586K-881.3% | $75K+118.2% | -$412K-148.2% | $854K+283.3% | -$466K |
| EPS (Diluted) | N/A | $0.00-100.0% | $0.06+185.7% | $-0.07 | N/A | $-0.05-155.6% | $0.09+280.0% | $-0.05 |
ZRCN Balance Sheet
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'25 | Q1'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $23.4M-10.9% | $26.2M-5.6% | $27.8M+14.8% | $24.2M-12.3% | $27.6M+2.8% | $26.9M-6.7% | $28.8M+16.9% | $24.6M |
| Current Assets | $20.3M-8.3% | $22.1M-5.1% | $23.3M+17.7% | $19.8M-15.9% | $23.5M+1.4% | $23.2M-7.2% | $25.0M+20.4% | $20.8M |
| Cash & Equivalents | $1.4M-24.8% | $1.9M+342.1% | $423K+13.1% | $374K-25.5% | $502K-69.0% | $1.6M+566.2% | $243K-24.7% | $323K |
| Inventory | $12.5M-3.3% | $12.9M-1.9% | $13.1M0.0% | $13.1M-6.5% | $14.1M+1.1% | $13.9M-4.7% | $14.6M+10.2% | $13.2M |
| Accounts Receivable | $6.1M-11.8% | $6.9M-25.0% | $9.2M+58.0% | $5.8M-32.4% | $8.6M+18.5% | $7.3M-24.8% | $9.7M+46.3% | $6.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $17.8M-0.6% | $18.0M-8.3% | $19.6M+19.6% | $16.4M-15.4% | $19.3M+8.5% | $17.8M-7.8% | $19.3M+19.0% | $16.3M |
| Current Liabilities | $16.8M+96.0% | $8.6M-6.0% | $9.1M+18.0% | $7.7M-57.4% | $18.1M+9.5% | $16.6M-7.9% | $18.0M+23.7% | $14.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $3.9M-41.7% | $6.7M+1.0% | $6.6M+8.8% | $6.1M-7.7% | $6.6M-14.0% | $7.6M-6.0% | $8.1M+15.5% | $7.0M |
| Retained Earnings | -$4.3M-163.3% | $6.8M+0.7% | $6.7M+9.9% | $6.1M-9.2% | $6.8M-10.3% | $7.5M-6.0% | $8.0M+12.1% | $7.1M |
ZRCN Cash Flow Statement
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'25 | Q1'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $527K-75.4% | $2.1M+242.9% | -$1.5M-252.5% | $983K+2237.0% | -$46K-103.4% | $1.4M+305.0% | -$661K-223.3% | $536K |
| Capital Expenditures | $87K+357.9% | $19K-95.3% | $401K+40.7% | $285K+719.6% | -$46K-116.9% | $272K+177.6% | $98K-62.0% | $258K |
| Free Cash Flow | $440K-79.3% | $2.1M+211.7% | -$1.9M-372.2% | $698K+858.7% | -$92K-108.5% | $1.1M+242.7% | -$759K-373.0% | $278K |
| Investing Cash Flow | -$80K-263.6% | -$22K+94.5% | -$401K-40.7% | -$285K-719.6% | $46K+113.5% | -$340K-246.9% | -$98K+87.4% | -$777K |
| Financing Cash Flow | -$871K-13.4% | -$768K-142.1% | $1.8M+314.0% | -$853K+13.1% | -$982K-372.8% | $360K-47.1% | $681K+28.2% | $531K |
| 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 |
ZRCN Financial Ratios
| Metric | Q1'25 | Q3'25 | Q2'25 | Q1'25 | Q1'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.0%-10.9pp | 41.9%-0.9pp | 42.8%+2.3pp | 40.5%-1.8pp | 42.2%+1.7pp | 40.5%-6.9pp | 47.4%+2.6pp | 44.8% |
| Operating Margin | -36.2%-30.5pp | -5.7%-10.4pp | 4.7%+12.3pp | -7.5%-9.4pp | 1.9%+3.1pp | -1.3%-13.5pp | 12.2%+17.5pp | -5.3% |
| Net Margin | -49.8%-50.5pp | 0.7%-4.3pp | 5.0%+15.1pp | -10.1%-11.0pp | 0.9%+6.4pp | -5.5%-14.7pp | 9.2%+16.3pp | -7.1% |
| Return on Equity | N/A | 0.7%-6.4pp | 7.1% | N/A | 1.1% | N/A | 10.5% | N/A |
| Return on Assets | -12.1%-12.3pp | 0.2%-1.5pp | 1.7%+4.1pp | -2.4%-2.7pp | 0.3%+1.8pp | -1.5%-4.5pp | 3.0%+4.9pp | -1.9% |
| Current Ratio | 1.21-1.4 | 2.58+0.0 | 2.550.0 | 2.56+1.3 | 1.30-0.1 | 1.40+0.0 | 1.39-0.0 | 1.43 |
| Debt-to-Equity | 4.59+1.9 | 2.69-0.3 | 2.96+0.3 | 2.70-0.2 | 2.94+0.6 | 2.33-0.0 | 2.38+0.1 | 2.31 |
| FCF Margin | 7.8%-21.6pp | 29.3%+49.6pp | -20.3%-32.3pp | 12.0%+13.1pp | -1.1%-15.5pp | 14.4%+22.6pp | -8.2%-12.4pp | 4.2% |
Frequently Asked Questions
What is Zrcn Inc's annual revenue?
Zrcn Inc (ZRCN) reported $28.1M in total revenue for fiscal year 2025. This represents a -10.9% 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 Zrcn Inc's revenue growing?
Zrcn Inc (ZRCN) revenue declined by 10.9% year-over-year, from $31.5M to $28.1M in fiscal year 2025.
Is Zrcn Inc profitable?
No, Zrcn Inc (ZRCN) reported a net income of -$2.9M in fiscal year 2025, with a net profit margin of -10.3%.
What is Zrcn Inc's earnings per share (EPS)?
Zrcn Inc (ZRCN) reported diluted earnings per share of $-0.28 for fiscal year 2025. This represents a -1300.0% 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 Zrcn Inc's EBITDA?
Zrcn Inc (ZRCN) had EBITDA of -$1.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Zrcn Inc's gross margin?
Zrcn Inc (ZRCN) had a gross margin of 39.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Zrcn Inc's operating margin?
Zrcn Inc (ZRCN) had an operating margin of -8.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Zrcn Inc's net profit margin?
Zrcn Inc (ZRCN) had a net profit margin of -10.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Zrcn Inc's free cash flow?
Zrcn Inc (ZRCN) generated $1.4M in free cash flow during fiscal year 2025. This represents a 126.1% 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 Zrcn Inc's operating cash flow?
Zrcn Inc (ZRCN) generated $2.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Zrcn Inc's total assets?
Zrcn Inc (ZRCN) had $23.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Zrcn Inc's capital expenditures?
Zrcn Inc (ZRCN) invested $792K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Zrcn Inc spend on research and development?
Zrcn Inc (ZRCN) invested $1.7M in research and development during fiscal year 2025.
How many shares does Zrcn Inc have outstanding?
Zrcn Inc (ZRCN) had 10M shares outstanding as of fiscal year 2025.
What is Zrcn Inc's current ratio?
Zrcn Inc (ZRCN) had a current ratio of 1.21 as of fiscal year 2025, which is considered adequate.
What is Zrcn Inc's debt-to-equity ratio?
Zrcn Inc (ZRCN) had a debt-to-equity ratio of 4.59 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Zrcn Inc's return on assets (ROA)?
Zrcn Inc (ZRCN) had a return on assets of -12.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Zrcn Inc's Piotroski F-Score?
Zrcn Inc (ZRCN) 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 Zrcn Inc's earnings high quality?
Zrcn Inc (ZRCN) has an earnings quality ratio of -0.74x, considered mixed quality. 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 Zrcn Inc cover its interest payments?
Zrcn Inc (ZRCN) has an interest coverage ratio of -3.1x, 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 Zrcn Inc?
Zrcn Inc (ZRCN) scores 10 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.