Revenue: $278,161 (YoY -22.90%, QoQ -37.58%)
Gross Profit: -$89,635 (Gross Margin -32.22%)
Operating Income: -$201,088 (Operating Margin -72.29%)
Net Income: -$226,701 (Net Margin -81.50%)
EPS: -$0.0014 (YoY +99.18%, QoQ -16.67%)
Cash Flow and liquidity:
- Net cash provided by operating activities: $882,437
- Free cash flow: $882,437
- Cash end of period: $172,985; Cash beginning: $48,185; Net change in cash: $124,800
- Net cash used in financing activities: $-619,275
- Effect of FX on cash: $-114,723
Balance sheet and working capital (selected items):
- Accounts receivable: $44,655; Inventory: -$92,491; Accounts payable: $927,529
- Weighted average shares outstanding: 161,809,738
- Interest expense: $-29,755
- Net cash flow drivers point to non-operational working capital effects and one-off items rather than sustained operating profitability.
YoY and QoQ metric snapshot (earnings metrics only):
- Revenue: YoY -22.9%, QoQ -37.6%
- Gross Profit: YoY -84.2%, QoQ -150.5%
- Operating Income: YoY +21.2%, QoQ -28.8%
- Net Income: YoY +16.0%, QoQ -21.7%
- EPS: YoY +99.2%, QoQ -16.7%
Industry benchmark context: In peer benchmarking (typical Consumer Defensive/Agricultural segments), several peers show more favorable gross margins (e.g., ASTVF 35.6% gross margin; SALRY 47.1%; WLMIY 8.13%; LND 42.3%) indicating SGLA’s current negative gross margin is a significant underperformer versus cultivated sector peers. This underscores the high execution risk and the criticality of the strategic transition to unlock any meaningful recoveries.