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Financial statements

Avricore Health Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Avricore Health Inc. files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue0.030.121.773.484.66
Cost of revenue00.7100.020.020.020.091.312.282.91
Gross profit00.30-00.010.020.030.461.21.88
Research and development0.060.210.240.25
Selling and marketing0.010.660.070.280.250.03
Interest expense00000.010.160.04
Pre-tax income-1.75-0.82-0.690.13
Income from continuing operations-1.3-3.46-1.92-1.170.04-0
Net income-2.2-2.61-1.3-3.46-1.92-1.17-1.71-0.82-0.7-0.67
EPS, basic-0.04-0.02-0.02-0.01-0.01-0.01
EPS, diluted-0.04-0.02-0.02-0.01-0.01-0.01

Balance sheet

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash and equivalents2.720.430.560.080.010.32.010.620.281.13
Receivables0.720.450.280.020.010.090.770.430.42
Inventory1.060.210.100.020
Total current assets2.241.670.750.210.442.161.430.771.58
Property, plant and equipment0.030.090.02000.091.111.720.66
Lease right-of-use assets0
Total assets2.282.91.20.210.442.282.572.542.3
Accounts payable0.360.30.310.650.150.040.310.2
Lease liabilities0
Total liabilities0.360.40.310.671.150.080.60.530.33
Total debt0.04
Retained earnings-14.6-18.4-21.1-25.2-27.3-28.5-30.2-31-31.7-32.4
Total equity3.351.922.50.89-0.47-0.722.21.962.011.97
Total liabilities and equity2.282.91.20.210.442.282.572.542.3

Cash flow statement

FY2015FY2017FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net income-2.2-2.61-1.3-3.46-1.92-1.17-1.71-0.82-0.7-0.67
Depreciation and amortization0.0100.530.1800.02000
Cash from operations-1.48-2.06-1.04-1.41-0.69-1.22-1.23-0.440.661
Capital expenditures-0.03-0.01-0-0.01-0.11-1.19-1.02-0.18
Cash from investing-0.03-0.01-0.13-0.1500-0.14-1.21-1.05-0.21
Debt repaid-0.0300-1
Stock issued0.8500.450.6002.4
Cash from financing3.940.362.031.40.621.513.080.250.040.06
Exchange rate effect-0
Net change in cash2.43-1.710.13-0.48-0.070.291.71-1.39-0.340.86
Free cash flow-1.52-2.07-1.04-1.42-1.34-1.63-0.360.82

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Gross margin40.4%Gross profit / revenue.
Pre-tax margin2.8%Pre-tax income / revenue.
Net margin-14.4%Net income / revenue.
FCF margin17.7%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin21.6%Cash from operations / revenue.
Return on assets (ROA)-27.7%Net income / average total assets.
Capex / revenue3.9%Capital expenditures / revenue.
D&A / revenue0.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y33.7%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y236.0%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y56.2%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y295.0%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y164.6%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y52.1%Operating cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-9.4%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y0.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y61.6%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets14.4%Total liabilities / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.93xRevenue / average total assets.
Fixed asset turnover3.92xRevenue / average property, plant and equipment.
Inventory turnover274xCost of revenue / average inventory.
Days inventory1 days365 x average inventory / cost of revenue.
Receivables turnover11.0xRevenue / average receivables.
Days sales outstanding33 days365 x average receivables / revenue.
Capex / operating cash flow18.0%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted-CA$0.01Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-CA$0.01Net income per basic share, as reported (split-adjusted).
What was Avricore Health Inc.'s revenue in fiscal 2024?

Avricore Health Inc. reported revenue of CA$4.7M for fiscal 2024, 33.7% higher than the year before.

Was Avricore Health Inc. profitable in fiscal 2024?

No. It reported a net loss of CA$669.0K.

How much free cash flow did Avricore Health Inc. generate in fiscal 2024?

Cash from operations of CA$1.0M minus capital expenditures of CA$181.1K left free cash flow of CA$823.5K.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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