Cleancore Solutions (ZONE) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2023Income Metrics
Revenue
468.2K
Gross Profit
108.3K
23.12%
Operating Income
-606.7K
-129.57%
Net Income
-660.2K
-141.02%
Balance Sheet Metrics
Total Assets
5.8M
Total Liabilities
4.7M
Shareholders Equity
1.1M
Debt to Equity
4.43
Cash Flow Metrics
Operating Cash Flow
203.6K
Free Cash Flow
-227.4K
Revenue & Profitability Trend
Cleancore Solutions Income Statement From 2021 to 2022
| Metric | 2022 | 2021 |
|---|---|---|
| Revenue | 2.6M | 1.7M |
| Cost of Goods Sold | 1.9M | 1.2M |
| Gross Profit | 710.9K | 448.6K |
| Gross Margin % | 26.8% | 26.8% |
| Operating Expenses | ||
| Research & Development | - | - |
| Selling, General & Administrative | 959.1K | 1.6M |
| Other Operating Expenses | - | - |
| Total Operating Expenses | 959.1K | 1.6M |
| Operating Income | -266.6K | -1.2M |
| Operating Margin % | -10.1% | -71.5% |
| Non-Operating Items | ||
| Interest Income | - | - |
| Interest Expense | 275.1K | 212.1K |
| Other Non-Operating Income | - | - |
| Pre-tax Income | -541.6K | -1.4M |
| Income Tax | - | - |
| Effective Tax Rate % | 0.0% | 0.0% |
| Net Income | -541.6K | -1.4M |
| Net Margin % | -20.5% | -84.2% |
| Key Metrics | ||
| EBITDA | -247.1K | -1.2M |
| EPS (Basic) | - | $-0.18 |
| EPS (Diluted) | - | $-0.18 |
| Basic Shares Outstanding | - | 7963419 |
| Diluted Shares Outstanding | - | 7963419 |
Income Statement Trend
Cleancore Solutions Balance Sheet From 2021 to 2023
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Assets | |||
| Current Assets | |||
| Cash & Equivalents | 393.2K | 263.5K | 135.4K |
| Short-term Investments | - | - | - |
| Accounts Receivable | 233.6K | 302.6K | 151.2K |
| Inventory | 672.1K | 1.0M | 751.4K |
| Other Current Assets | 135.7K | 62.2K | - |
| Total Current Assets | 1.7M | 1.7M | 1.2M |
| Non-Current Assets | |||
| Property, Plant & Equipment | 466.7K | 238.5K | 218.8K |
| Goodwill | 6.1M | 4.6K | 5.7K |
| Intangible Assets | 1.6M | 4.6K | - |
| Long-term Investments | - | - | - |
| Other Non-Current Assets | 9.4K | - | - |
| Total Non-Current Assets | 4.4M | 17.7K | 16.7K |
| Total Assets | 6.1M | 1.7M | 1.2M |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | 266.5K | 120.5K | 31.6K |
| Short-term Debt | 3.1M | - | - |
| Current Portion of Long-term Debt | - | - | - |
| Other Current Liabilities | - | - | - |
| Total Current Liabilities | 3.9M | 7.8M | 7.0M |
| Non-Current Liabilities | |||
| Long-term Debt | 398.5K | 0 | - |
| Deferred Tax Liabilities | - | - | - |
| Other Non-Current Liabilities | - | 1.3K | 5.0K |
| Total Non-Current Liabilities | 398.5K | 1.3K | 5.0K |
| Total Liabilities | 4.3M | 7.8M | 7.0M |
| Equity | |||
| Common Stock | 246 | 2.2M | - |
| Retained Earnings | -5.0M | -8.2M | -7.7M |
| Treasury Stock | - | - | - |
| Other Equity | - | - | - |
| Total Shareholders Equity | 1.7M | -6.0M | -5.7M |
| Key Metrics | |||
| Total Debt | 3.5M | 0 | 0 |
| Working Capital | -2.2M | -6.0M | -5.8M |
Balance Sheet Composition
Cleancore Solutions Cash Flow Statement From 2021 to 2022
| Metric | 2022 | 2021 |
|---|---|---|
| Operating Activities | ||
| Net Income | -541.6K | -1.4M |
| Depreciation & Amortization | 19.4K | 20.2K |
| Stock-Based Compensation | 0 | - |
| Working Capital Changes | -359.5K | -290.9K |
| Operating Cash Flow | -606.8K | -1.5M |
| Investing Activities | ||
| Capital Expenditures | -35.0K | -9.7K |
| Acquisitions | 0 | - |
| Investment Purchases | - | - |
| Investment Sales | - | - |
| Investing Cash Flow | -35.0K | -9.7K |
| Financing Activities | ||
| Share Repurchases | - | - |
| Dividends Paid | - | - |
| Debt Issuance | 751.1K | 1.0M |
| Debt Repayment | -83.7K | -197.2K |
| Financing Cash Flow | 1.3M | 834.7K |
| Free Cash Flow | -539.3K | -893.3K |
| Net Change in Cash | 696.6K | -642.0K |
Cash Flow Trend
Cleancore Solutions Key Financial Ratios
Valuation Ratios
Price to Book
17.10
Price to Sales
189.33
Profitability Ratios
Profit Margin
26.85%
Operating Margin
-406.33%
Return on Equity
-259.20%
Return on Assets
-48.01%
Financial Health
Current Ratio
1.34
Debt to Equity
368.60
Per Share Data
EPS (TTM)
$-0.12
Book Value per Share
$0.12
Revenue per Share
$0.24
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| zone | 392.5M | - | 17.10 | -259.20% | 26.85% | 368.60 |
| Veralto | 26.6B | 29.93 | 10.02 | 41.22% | 16.65% | 107.55 |
| Zurn Elkay Water | 7.8B | 47.31 | 5.02 | 10.81% | 10.78% | 35.56 |
| Ceco Environmental | 1.8B | 35.16 | 5.95 | 19.87% | 8.00% | 87.30 |
| Energy Recovery | 838.9M | 37.55 | 4.57 | 11.95% | 17.02% | 5.70 |
| Aduro Clean | 471.2M | -33.83 | 37.91 | -133.85% | 0.00% | 1.45 |
Financial data is updated regularly. All figures are in the company's reporting currency.