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Financial statements

Burcon NutraScience Corp financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Burcon NutraScience Corp 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

FY2021FY2021FY2022
Revenue0.030.260.17
Research and development0.720.411.85
Operating income-3.72-4.6-7.4
Interest income0.250.450.43
Income tax000
Net income-4.63-0.62-10.3
EPS, basic-0.06-0.01
EPS, diluted-0.06-0.01-0.09

Balance sheet

FY2021FY2021FY2022
Cash and equivalents15147
Receivables0.330.340.2
Inventory0.130.130
Total current assets15.814.67.62
Property, plant and equipment0.471.010.86
Goodwill1.251.251.25
Total assets31.337.729.3
Accounts payable1.071.420.91
Total current liabilities1.591.451.04
Lease liabilities00.010.06
Total liabilities8.321.451.1
Retained earnings-98.4-99-109
Total equity22.936.328.2
Total liabilities and equity31.337.729.3

Cash flow statement

FY2021FY2021FY2022
Net income-4.63-0.62-10.3
Cash from operations-3.37-3.03-5.91
Capital expenditures-0.1-0.89-0.05
Cash from investing-14.5-2.72-1.23
Stock issued25.85.030.27
Cash from financing32.44.70.17
Exchange rate effect0-0-0
Net change in cash14.5-1.06-6.97
Free cash flow-3.47-3.93-5.97
Interest paid0.670.570

Key metrics

Worked out from the statements above. Latest values use fiscal 2022. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Operating margin-4,314.0%Operating income / revenue.
Net margin-5,983.0%Net income / revenue.
FCF margin-3,479.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-3,449.0%Cash from operations / revenue.
Return on assets (ROA)-30.6%Net income / average total assets.
R&D / revenue1,076.0%Research and development expense / revenue.
Capex / revenue30.0%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-33.7%Revenue vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-22.2%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio7.30xCurrent assets / current liabilities.
Quick ratio6.90x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio6.71x(Cash + short-term investments) / current liabilities.
Liabilities / assets3.8%Total liabilities / total assets.
Working capitalCA$6.6MCurrent assets - current liabilities.
Goodwill and intangibles / assets4.3%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.01xRevenue / average total assets.
Fixed asset turnover0.18xRevenue / average property, plant and equipment.
Receivables turnover0.64xRevenue / average receivables.
Days sales outstanding574 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-CA$0.09Net 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.
What was Burcon NutraScience Corp's revenue in fiscal 2022?

Burcon NutraScience Corp reported revenue of CA$171.5K for fiscal 2022, 33.7% lower than the year before.

Was Burcon NutraScience Corp profitable in fiscal 2022?

No. It reported a net loss of CA$10.3M.

How much free cash flow did Burcon NutraScience Corp generate in fiscal 2022?

Cash from operations of CA$5.9M minus capital expenditures of CA$51.5K left free cash flow of -CA$6.0M.

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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