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Financial statements

High Sierra Technologies, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data High Sierra Technologies, 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

FY2012FY2013FY2014FY2015FY2016FY2017FY2019FY2020FY2021FY2022
Revenue00000000
General and administrative0.020.020.020.030.020.020.20.220.220.18
Operating expenses0.020.020.020.030.020.020.460.260.260.24
Operating income-0.26-0.26-0.24
Interest expense0.010.010.010.020.020.010.040.060.07
Other non-operating income0.010.010.010.020.020.02-0.05-0.06
Pre-tax income-0.03-0.03-0.04-0.05-0.04-0.05-0.48-0.31-0.32-0.32
Income tax000000
Income from continuing operations-0.46-0.26
Net income-0.03-0.03-0.04-0.05-0.04-0.05-0.48-0.31-0.32-0.32
EBITDA-0.22-0.22-0.18
EPS, basic-0.02-0.02-0.02-0.03-0.02-0.03-0.02-0.02-0.02-0.01
EPS, diluted-0.02-0.02-0.02-0.03-0.02-0.03-0.02-0.02-0.02-0.01
Shares, basic (weighted)1.721.721.721.721.721.7220.320.220.420.5
Shares, diluted (weighted)1.721.721.721.721.721.7220.320.220.420.5

Balance sheet

FY2012FY2013FY2014FY2015FY2016FY2017FY2019FY2020FY2021FY2022
Cash and equivalents0000000.010.040.060.01
Other current assets00
Total current assets0000000.010.040.060.02
Property, plant and equipment0.160.130.090.08
Total assets0000000.170.170.150.1
Accounts payable0.140.060.060.090.12
Total current liabilities0.220.250.290.340.380.430.450.470.480.56
Long-term debt00.050.10.05
Total liabilities0.220.250.290.340.380.430.450.520.580.61
Retained earnings-0.26-0.3-0.35-0.4-0.44-0.52-0.82-1.14-1.46
Shareholders' equity-0.22-0.25-0.29-0.34-0.38-0.43-0.28-0.35-0.44-0.51
Total equity-0.22-0.25-0.29-0.34-0.38-0.43-0.28-0.35-0.44-0.51
Total liabilities and equity0000000.170.170.150.1
Shares outstanding1.721.721.721.721.721.7220.220.320.520.6

Cash flow statement

FY2012FY2013FY2014FY2015FY2016FY2017FY2019FY2020FY2021FY2022
Net income-0.03-0.03-0.04-0.05-0.04-0.05-0.48-0.31-0.32-0.32
Depreciation and amortization0.020.040.040.06
Stock-based compensation00
Deferred income tax0
Change in payables0.010.010.01-00.010.010.04-00.030.04
Cash from operations-0.01-0.02-0.01-0.04-0.01-0.01-0.42-0.19-0.18-0.22
Capital expenditures-0.180-0.04
Cash from investing00-0.180-0.04
Debt issued0.05
Stock issued0000.160.150.09
Cash from financing0.010.020.010.040.010.010.380.220.190.22
Net change in cash00-00-00-0.220.040.01-0.04
Free cash flow-0.6-0.19-0.26
Interest paid00000000.010.030.02
Income taxes paid00000000

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2023; growth uses fiscal years. Valuation uses the share price of $1.40 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)-594.5%Net income / average total assets.

Growth

MetricValueHow it is calculated
Total assets growth, 1y-31.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-15.2%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y0.7%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y0.3%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.03xCurrent assets / current liabilities.
Quick ratio0.03x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.03x(Cash + short-term investments) / current liabilities.
Liabilities / assets1,250.0%Total liabilities / total assets.
Interest coverage-4.56xOperating income / interest expense.
Working capital-$627.5KCurrent assets - current liabilities.

Per share

MetricValueHow it is calculated
EPS, diluted-$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.
Operating cash flow per share-$0.01Cash from operations / diluted weighted shares.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$28.9MShare price x shares outstanding.
Enterprise value$28.9MMarket cap + total debt - cash - short-term investments.
Earnings yield-1.4%Net income / market cap (the inverse of P/E).
Was High Sierra Technologies, Inc. profitable in fiscal 2022?

No. It reported a net loss of $324.0K.

How much free cash flow did High Sierra Technologies, Inc. generate in fiscal 2022?

Cash from operations of $219.7K minus capital expenditures of $43.4K left free cash flow of -$263.1K.

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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