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Financial statements

Avalon Advanced Materials Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Avalon Advanced Materials 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

FY2018FY2018FY2019FY2020
Revenue0.030.060.050.13
General and administrative2.882.722.421.83
Operating income-3.46-3.54-7.79
Interest expense0.60.630.18
Pre-tax income-3.67-3.46-3.54-5.41
Net income-3.243.39-5.37
EPS, basic-0.02-0.02-0.01-0.02
EPS, diluted-0.02-0.02-0.01-0.02

Balance sheet

FY2018FY2018FY2019FY2020
Cash and equivalents1.070.321.881.3
Total current assets1.370.634.971.68
Property, plant and equipment104104102103
Lease right-of-use assets1.020.85
Total assets120122124117
Accounts payable0.81.070.73
Total current liabilities0.860.854.321.04
Lease liabilities0.69
Total liabilities4.134.625.792.1
Retained earnings-74.8-78-81.4-86.8
Total equity116117118115
Total liabilities and equity120122124117

Cash flow statement

FY2018FY2018FY2019FY2020
Net income-3.243.39-5.37
Cash from operations-2.75-2.58-2.28-1.92
Capital expenditures-0.13-0.28-0.15-0.03
Cash from investing-2.29-2.322.281.04
Debt issued0.47
Cash from financing4.764.151.560.3
Exchange rate effect-0.01-0-0-0
Net change in cash-0.28-0.751.56-0.59
Free cash flow-2.88-2.86-2.43-1.95

Key metrics

Worked out from the statements above. Latest values use fiscal 2020. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Operating margin-5,806.0%Operating income / revenue.
Pre-tax margin-4,037.0%Pre-tax income / revenue.
Net margin-4,001.0%Net income / revenue.
FCF margin-1,454.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-1,432.0%Cash from operations / revenue.
Return on assets (ROA)-4.5%Net income / average total assets.
Capex / revenue22.0%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y153.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y68.2%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income growth, 1y-258.5%Net income vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-6.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-1.1%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio1.61xCurrent assets / current liabilities.
Quick ratio1.24x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio1.24x(Cash + short-term investments) / current liabilities.
Liabilities / assets1.8%Total liabilities / total assets.
Working capitalCA$633.6KCurrent assets - current liabilities.

Efficiency

MetricValueHow it is calculated
Asset turnover0.00xRevenue / average total assets.
Fixed asset turnover0.00xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-CA$0.02Net 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$0.02Net income per basic share, as reported (split-adjusted).
What was Avalon Advanced Materials Inc.'s revenue in fiscal 2020?

Avalon Advanced Materials Inc. reported revenue of CA$134.1K for fiscal 2020, 153% higher than the year before.

Was Avalon Advanced Materials Inc. profitable in fiscal 2020?

No. It reported a net loss of CA$5.4M.

How much free cash flow did Avalon Advanced Materials Inc. generate in fiscal 2020?

Cash from operations of CA$1.9M minus capital expenditures of CA$29.5K left free cash flow of -CA$2.0M.

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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