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Financial statements

AXIM BIOTECHNOLOGIES, INC. financial statements

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

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

Income statement

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Revenue00.050.050.050.20.800.060.010.04
Cost of revenue00.050.150.040.0100
Gross profit0-0-0.1100.1900
Research and development00.570.241.352.0600.430.280.150.13
Selling, general and administrative0.519.483.415.674.082.24
General and administrative3.411.83.163.114.515.67
Operating expenses0.51103.653.155.223.114.95144.662.79
Operating income-0.51-10-3.76-3.15-5.04-3.11-4.95-14-4.65-2.75
Interest expense0.030.040.280.320.460.220.230.250.260.14
Interest income0000000
Other non-operating income0.030.04-2.05-1.02-1.720.141.342.051.595.31
Pre-tax income-0.54-10.1-5.81-4.17-6.75-2.97-6.29-16-6.24-8.06
Income tax0000000000
Income from continuing operations-0.54-2.97-6.29-1600
Net income-0.58-10.1-5.81-4.17-6.75-6.45-6.41-16-6.24-8.06
EBITDA-0.51-10-3.76-3.15-5.03-3.11-4.93-11.9-4.23-2.32
EPS, basic-0.02-0.27-0.17-0.08-0.12-0.10-0.060.12-0.04-0.04
EPS, diluted-0.02-0.27-0.17-0.08-0.12-0.10-0.060.12-0.04-0.04
Shares, basic (weighted)3337.141.753.357.361.9110
Shares, diluted (weighted)3337.141.753.357.361.9110

Balance sheet

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Cash and equivalents0.660.130.712.061.810.510.460.450.050.16
Receivables00.320
Inventory00.20.040.010.010.4900.02
Other current assets0.070.780.040.040.260.020.010
Total current assets0.741.181.372.112.021.640.710.640.10.16
Property, plant and equipment00.020.010.010.0100.10.120.090.13
Lease right-of-use assets00.130.080.020.23
Goodwill02.460
Intangible assets0.060.060.050.053.99
Other non-current assets7.8
Total assets0.741.261.452.192.091.6911.35.324.214.12
Accounts payable0.40.440.220.751.070.911.322.78
Accrued liabilities000
Deferred revenue0.330.3
Short-term debt0.010.010.410.01000.020.09
Total current liabilities1.322.553.027.713.323.41.52.583.395.98
Long-term debt1.680.14
Lease liabilities00.080.02
Total liabilities1.322.963.828.488.178.459.757.669.0411.8
Total debt0.024.89
Paid-in capital0.119.0315.715.922.928.643.25159.264.5
Retained earnings-0.69-10.8-18.1-22.2-29-35.4-41.8-57.9-64.1-72.2
Shareholders' equity-0.58-1.7-2.37-6.761.57-2.34-4.83-7.66
Total equity-0.58-1.7-2.37-6.28-6.08-6.761.57-2.34-4.83-7.66
Total liabilities and equity0.741.261.452.192.091.6911.35.324.214.12
Shares outstanding3339.652.554.659.664.9125138192246

Cash flow statement

FY2014FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023
Net income-0.58-10.1-5.81-4.17-6.75-6.45-6.4116-6.24-8.06
Depreciation and amortization0000000.022.120.430.43
Stock-based compensation05.981.450.060.911.842.311.141.110.2
Change in receivables0-0.32-0.02
Change in inventory0-0.050.150.03-0-0.48-0.020.02
Change in payables0.150.250.190.22-0.120.150.530.280.660.77
Cash from operations-0.34-1.54-1.29-3.08-4.85-5.04-3.22-2.49-2.04-1.03
Capital expenditures00.020-0.1-0.04-0.010
Sales and maturities of investments00.3800
Cash from investing0-0.020000.350.01-0.05-0.010
Debt repaid-0.090
Stock issued0.0200.360
Cash from financing11.031.874.434.593.43.152.531.651.14
Net change in cash0.66-0.530.581.34-0.25-1.29-0.05-0-0.410.11
Free cash flow-0.34-1.52-1.29-3.31-2.53-2.05-1.03
Interest paid000.010.110.460.06000.180
Income taxes paid000000000

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2024; growth uses fiscal years. Valuation uses the share price of $0.00 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-2,497.0%Operating income / revenue.
EBITDA margin-2,033.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-4,464.0%Pre-tax income / revenue.
Net margin-4,464.0%Net income / revenue.
Operating cash flow margin-819.2%Cash from operations / revenue.
Return on assets (ROA)-111.0%Net income / average total assets.
R&D / revenue97.8%Research and development expense / revenue.
SG&A / revenue2,034.0%Selling, general and administrative expense / revenue.
Stock-based pay / revenue99.0%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue463.7%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y345.3%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 5y-27.4%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y-2.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-28.6%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y14.6%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
Current ratio0.00xCurrent assets / current liabilities.
Quick ratio0.00x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.00x(Cash + short-term investments) / current liabilities.
Debt / assets160.0%Total debt / total assets.
Liabilities / assets355.8%Total liabilities / total assets.
Net debt$6.0MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-12.6xOperating income / interest expense.
Working capital-$6.6MCurrent assets - current liabilities.
Tangible book value-$9.5MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.02xRevenue / average total assets.
Fixed asset turnover0.79xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
Book value per share-$0.03Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.03Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.2MShare price x shares outstanding.
Enterprise value$7.2MMarket cap + total debt - cash - short-term investments.
P/S13.0xMarket cap / revenue.
EV/Sales77.4xEnterprise value / revenue.
Earnings yield-342.4%Net income / market cap (the inverse of P/E).
What was AXIM BIOTECHNOLOGIES, INC.'s revenue in fiscal 2023?

AXIM BIOTECHNOLOGIES, INC. reported revenue of $39.5K for fiscal 2023, 345.3% higher than the year before.

Was AXIM BIOTECHNOLOGIES, INC. profitable in fiscal 2023?

No. It reported a net loss of $8.1M.

How much free cash flow did AXIM BIOTECHNOLOGIES, INC. generate in fiscal 2023?

Cash from operations of $1.0M minus capital expenditures of $0.0 left free cash flow of -$1.0M.

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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