Executive Summary
Integrated Ventures Inc (INTV) posted Q3 2024 results with revenue of $1.98 million and a modest gross profit of $93,073, yielding a gross margin of 4.69%. EBITDA stood at $1.01 million, while operating income was negative at $146,930, resulting in a net income of $297,283 and an EPS of $0.044 (basic) / $0.068 (diluted). The quarter demonstrates an unusual mix where EBITDA is positive due to depreciation and other non-cash items, but cash flow from operations remained negative at $(0.93) million, signaling cash burn despite reported net income. Closing cash was $381,872, with cash and short-term investments totaling about $2.01 million, and net debt of $118k. The balance sheet shows total assets of $5.95 million against liabilities of $3.31 million and stockholders’ equity of $2.64 million, along with a substantial accumulated deficit (retained earnings of $(82.68) million). Revenue growth is robust on a YoY basis (about 37.7%) and QoQ (about 32.5%), but profitability metrics remain pressured by high operating expenses and non-cash charges.
Given the absence of an earnings call transcript in the provided data, management commentary and forward-looking guidance could not be incorporated directly. Investors should focus on the sustainability of revenue growth, the ability to convert gross profit into positive operating cash flow, and the durability of liquidity runway. The results imply a high‑volatility, crypto-exposed business model with meaningful near‑term liquidity needs and a heavy cumulative deficit that underscores the importance of external financing or capital raises to support ongoing operations.
Key Performance Indicators
QoQ: 110.26% | YoY:109.26%
QoQ: 101.34% | YoY:114.41%
QoQ: 100.57% | YoY:105.05%
Key Insights
Revenue: $1,983,250 in QQ3 2024; YoY +37.66%, QoQ +32.53%. Gross profit: $93,073; gross margin 4.69%; YoY margin improvement and QoQ gain reflected in the ratio. EBITDA: $1,013,105; EBITDA margin approximately 51.1% of revenue (EBITDA to revenue). Operating income: $(146,930); operating margin $(7.41)%. Net income: $297,283; net margin 15.00%; basic EPS $0.0444; diluted EPS $0.0688; YoY EPS growth ~105.05%, QoQ growth ~100.57%. Cash flow: net cash from operating activities $(927,420); free cash ...
Financial Highlights
Revenue: $1,983,250 in QQ3 2024; YoY +37.66%, QoQ +32.53%. Gross profit: $93,073; gross margin 4.69%; YoY margin improvement and QoQ gain reflected in the ratio. EBITDA: $1,013,105; EBITDA margin approximately 51.1% of revenue (EBITDA to revenue). Operating income: $(146,930); operating margin $(7.41)%. Net income: $297,283; net margin 15.00%; basic EPS $0.0444; diluted EPS $0.0688; YoY EPS growth ~105.05%, QoQ growth ~100.57%. Cash flow: net cash from operating activities $(927,420); free cash flow $(927,420); net change in cash $354,420; cash at end of period $381,872; CFO-to-revenue ratio approximately (46.8%). Liquidity: current ratio 0.61, quick ratio 0.61, cash ratio 0.12, signaling tight short-term liquidity. Balance sheet: total assets $5.95 million; total liabilities $3.31 million; total stockholders’ equity $2.64 million; retained earnings $(82.68) million; cash and short-term investments $2.01 million; net debt $118k. Leverage and valuation: debt to equity 0.189, debt ratio 0.084, price-to-book 2.76, price-to-sales 3.68, price-to-earnings 6.13, enterprise value multiple 7.32; working capital movements show payables turnover around 3.26 and a negative cash conversion cycle of about −27.6 days. Note: 4-quarter trailing metrics reflect continued volatility given the crypto-mining exposure and software development profile.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
1.98M |
37.66% |
32.53% |
| Gross Profit |
93.07K |
109.26% |
110.26% |
| Operating Income |
-146.93K |
88.79% |
99.34% |
| Net Income |
297.28K |
114.41% |
101.34% |
| EPS |
0.04 |
105.05% |
100.57% |
Key Financial Ratios
operatingProfitMargin
-7.41%
operatingCashFlowPerShare
$-0.18
freeCashFlowPerShare
$-0.18
Management Commentary
Note: The earnings transcript data was not provided in the input. As a result, there are no management quotes or explicit call-out themes to quote in this section. When transcripts are available, this section should group insights by themes (strategy, operations, market conditions) and include direct quotations with context and significance. For now, the assessment relies on reported financials and known company profile.
Forward Guidance
No management-provided forward guidance is included in the data set. Based on the results and the business profile, the forward-looking assessment hinges on two main levers: crypto market dynamics and software revenue growth. Scenarios:
- Base case: Modest revenue growth in the low-to-mid teens range with stable gross margins around mid-to-low single digits; continued negative free cash flow unless operating efficiencies materialize; liquidity remains tight absent additional financing.
- Upside case: Crypto price stabilization or rally boosts mining activity and ancillary hardware/software demand, improving gross profit and potential operating cash flow; cross-sell software solutions to mining customers could improve margins and recurring revenue.
- Downside case: Prolonged crypto downturn and rising energy costs worsen mining economics, pressuring cash flows, and increasing reliance on external financing. regulatory changes affecting crypto mining or cryptoasset markets could also materially impact results.
Key factors to monitor: crypto price and network difficulty, energy and cooling costs, capex cadence for mining rigs and software development, working capital dynamics, potential strategic pivots to monetize software offerings, and any planned equity or debt financings.