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OTC · Telecommunications

Fullnet Communications Inc (FULO)

Fullnet Communications Inc reported revenue of $4.2M in fiscal 2023, down 1.8% from a year earlier. Net income was $532.1K, a net margin of 12.7%. Operating cash flow minus capital spending left $690.3K of free cash flow in fiscal 2023. At December 31, 2023 it held $3.1M in cash. Its latest periodic report to the SEC is the annual report (10-K) filed on April 1, 2024.

Watch FULO in 60 seconds
Price
$0.34
0.00% on the day · September 25, 2026
52-week range $0.32 to $0.54
Market cap
$6.7M
Revenue (FY2023)
$4.2M
-1.8% year on year
Net margin
12.7%
P/E
17.0
on FY2023 diluted EPS

What Fullnet Communications Inc does

Fullnet Communications Inc is registered with the SEC under industry code SIC 4813 (Telephone Communications (No Radiotelephone)). Its shares trade on OTC under the ticker FULO.

Revenue and profit by year

Revenue
FY16: $1.9M $1.9M FY16FY17: $1.9M $1.9M FY17FY18: $2.1M $2.1M FY18FY19: $2.4M $2.4M FY19FY20: $3.5M $3.5M FY20FY21: $4.1M $4.1M FY21FY22: $4.3M $4.3M FY22FY23: $4.2M $4.2M FY23
Net income
FY16: -$6K -$6K FY16FY17: -$26.8K -$26.8K FY17FY18: $267.1K $267.1K FY18FY19: $317.3K $317.3K FY19FY20: $1.1M $1.1M FY20FY21: $893K $893K FY21FY22: $672.2K $672.2K FY22FY23: $532.1K $532.1K FY23

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2023$4.2M$512.2K$532.1K$0.02$690.3K
2022$4.3M$830.2K$672.2K$0.03$724.8K
2021$4.1M$1.2M$893K$0.05$1.4M
2020$3.5M$730.1K$1.1M$0.07$973.9K
2019$2.4M$200.5K$317.3K$0.01$411.9K
2018$2.1M-$14.8K$267.1K$0.01$179.2K

Full financial statements: income, balance sheet and cash flow

Dividends

It paid out $257.1K in cash dividends, 48% of its net income.

Fiscal yearPer sharePaid outOf profit
2023n/a$257.1K48%
2022n/a$652.6K97%
2021n/a$00%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Fullnet Communications Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. June 6, 2024
  2. May 15, 2024
  3. May 15, 2024
  4. May 7, 2024
  5. April 1, 2024
    Annual report 10-K · period to December 31, 2023Revenue fell 1.8% to $4.2M versus the prior year; diluted EPS $0.02 versus $0.03.
  6. February 15, 2024
  7. January 16, 2024
  8. November 15, 2023
  9. November 14, 2023
    Quarterly report 10-Q · period to September 30, 2023Diluted EPS $0.01 versus $0.01.
  10. August 15, 2023

Recent insider filings (Forms 3, 4 and 144): 10, the latest on February 7, 2024. Insider transactions on SEC

What is FULO worth? A DCF from its reported cash flow

All filings on SEC EDGAR

Questions about FULO

What does Fullnet Communications Inc do?

Fullnet Communications Inc is registered with the SEC under industry code SIC 4813 (Telephone Communications (No Radiotelephone)). Its shares trade on OTC under the ticker FULO.

Is Fullnet Communications Inc profitable?

Yes. In fiscal 2023 it reported net income of $532.1K on revenue of $4.2M, a net margin of 12.7%.

How much revenue does Fullnet Communications Inc make?

In fiscal 2023 Fullnet Communications Inc reported revenue of $4.2M. That is 1.8% less than a year earlier.

When did Fullnet Communications Inc last report?

Its most recent periodic report is the annual report (10-K) filed on April 1, 2024. It covers the period to December 31, 2023. Its newest filing of any kind is the deregistration from June 6, 2024.

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Where the numbers come from

Financial figures are the values Fullnet Communications Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.