Key quarterly metrics and trend insights:
- Revenue: $652,000; YoY growth 1,153.85%; QoQ growth 25.63% (driven by early-stage commercialization and/or customer engagements in oil processing/industrial fluids).
- Gross Profit: $537,000; Gross Margin 82.36% (benefiting from favorable product mix and relatively low cost of revenue given the small scale).
- Operating Income / EBITDA: $369,000; Operating Margin 56.60%; EBITDA Margin 56.60% (operating leverage evident at this scale).
- Net Income / EPS: $375,000; Net Margin 57.52%; EPS $0.0013 (basic and diluted reported as $0.0013).
- Cash Flow: Net cash from operating activities $7,000; Change in working capital negative $368,000; Cash at end of period $179,000; Free Cash Flow $7,000.
- Balance Sheet health: Total assets $248,000; Cash $179,000; Total current liabilities $598,000; Total liabilities $728,000; Long-term debt $130,000; Total debt $185,000; Net debt $6,000; Stockholders’ equity reported as $(480,000). Retained earnings show a large accumulated deficit of $(26,847,000).
- Liquidity & efficiency: Current ratio 0.326; Quick ratio 0.326; Asset turnover 2.63; Fixed asset turnover 15.52; Price-to-book ratio at approximately -5.54 (negative book value). Revenue productivity per unit of asset is elevated due to the small asset base, but liquidity and leverage indicators raise red flags for sustainability.
- Notes on tax and earnings quality: Income tax expense is null in the period, suggesting potential NOL utilization or tax attributes; this warrants further disclosure in subsequent filings to confirm ongoing tax position.