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Financial statements

Resonate Blends, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Resonate Blends, 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

FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Revenue0.320.460.941.071.050.030.050.021.9
Cost of revenue0.120.10.320.310.390.020.030.110.66
Gross profit0.20.360.630.750.660.010.02-0.11.24
Research and development0.06
Selling, general and administrative3.211.180.110.130.18
General and administrative0.070.680.160.210.191.2
Operating expenses3.211.277.181.063.181.812.541.410.32.93
Operating income-3.01-0.91-6.55-0.31-3.18-1.81-2.53-1.39-0.4-1.7
Interest expense0.080.05
Interest income0
Other non-operating income-0.55-2.43-1.1-0.03-0.32-0.14-2.342.04-1.02-0.44
Income from continuing operations-3.51-1.96-4.870.65
Net income-3.55-3.32-7.65-0.34-3.67-1.94-4.870.65-1.42-2.13
EBITDA-3.01-0.91-6.55-0.31-2.53-1.38-0.39-1.68
EPS, basic-38.11-19.06-3.22-0.06-0.25-0.08-0.160.01-0.02-0.02
EPS, diluted-38.11-19.06-3.22-0.06-0.25-0.08-0.190.01-0.02-0.02
Shares, basic (weighted)0.091742.645.5814.125.531.175.48098.1
Shares, diluted (weighted)0.090.172.375.5814.125.531.175.48098.1

Balance sheet

FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Cash and equivalents0.060.010.0700.110.010.060.010.01
Receivables0000.010.050.05
Inventory0.250.16
Other current assets0.050.01
Total current assets0.0600.010.080.110.170.270.370.981.03
Property, plant and equipment000.030.020.020.02
Other non-current assets00.81
Total assets0.070.460.510.530.130.170.30.40.991.85
Accounts payable0.180.290.480.230.060.20.210.320.451.2
Total current liabilities1.171.70.980.620.721.174.41.553.135.05
Total liabilities1.171.70.980.620.721.174.41.553.135.05
Paid-in capital3.066.2614.715.418.620.121.924.424.925.5
Retained earnings-4.18-7.5-15.2-15.5-19.2-21.1-26-25.3-26.7-28.9
Shareholders' equity-1.1-1.24-0.47-0.08-0.59-1-4.1-1.15-2.14-3.2
Total equity-1.1-1.24-0.47-0.08-0.59-1-4.1-1.15-2.14-3.2
Total liabilities and equity0.070.460.510.530.130.170.30.40.991.85
Shares outstanding0.210.263.223.2221.429.84575.486.6110

Cash flow statement

FY2015FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024
Net income-3.55-3.32-7.65-0.34-3.67-1.94-5.760.65-1.42-2.13
Depreciation and amortization000000.010.010.02
Stock-based compensation2.750.486.122.650.340.40.210.39
Change in receivables0-00-0.01-0.04
Change in inventory-0.190.090.16
Change in payables0.140.30.22-0.14-0.45-0.010.110.460.75
Cash from operations-0.38-0.43-0.15-0.05-0.79-1.38-2.78-1.430.01-1.03
Capital expenditures0.02-0.05-0-0-0-0.04-0-0-0
Purchases of investments-0.03-0.81-0.36
Cash from investing0.02-0.05-0.03-0.04-0.81-0.36
Stock issued0.01
Cash from financing0.440.350.20.110.821.492.721.480.741.39
Net change in cash0.06-0.060.010.0600.11-0.10.05-0.060
Free cash flow-0.41-0.19-0.06-0.79-1.38-2.82-1.430.01-1.03
Interest paid00.010.010.010.040

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2025; growth uses fiscal years. Valuation uses the share price of $0.00 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin65.5%Gross profit / revenue.
Operating margin-72.2%Operating income / revenue.
Net margin51.2%Net income / revenue.
FCF margin-47.8%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-47.8%Cash from operations / revenue.
Return on assets (ROA)95.1%Net income / average total assets.
Capex / revenue0.0%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y11,415.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y312.4%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y12.5%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit CAGR, 3y439.3%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y13.5%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y-9,316.0%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-10,232.0%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y86.9%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y83.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y69.9%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y22.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y46.7%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y47.5%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.22xCurrent assets / current liabilities.
Quick ratio0.01x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.00x(Cash + short-term investments) / current liabilities.
Liabilities / assets450.7%Total liabilities / total assets.
Working capital-$4.2MCurrent assets - current liabilities.
Tangible book value-$4.2MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.86xRevenue / average total assets.
Fixed asset turnover146xRevenue / average property, plant and equipment.
Receivables turnover111xRevenue / average receivables.
Days sales outstanding3 days365 x average receivables / revenue.
Days payables598 days365 x average accounts payable / cost of revenue.
FCF conversion-93.3%Free cash flow / net income, when net income is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$0.01Net 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.
Revenue per share$0.01Revenue / diluted weighted shares.
FCF per share-$0.01Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.01Cash from operations / diluted weighted shares.
Book value per share-$0.02Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.02Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$58.6KShare price x shares outstanding.
Enterprise value$40.5KMarket cap + total debt - cash - short-term investments.
P/E0.05xMarket cap / net income. Only when net income is positive.
P/S0.03xMarket cap / revenue.
EV/Sales0.02xEnterprise value / revenue.
FCF yield-1,821.0%Free cash flow / market cap.
Earnings yield1,952.0%Net income / market cap (the inverse of P/E).
What was Resonate Blends, Inc.'s revenue in fiscal 2024?

Resonate Blends, Inc. reported revenue of $1.9M for fiscal 2024, 11,414.5% higher than the year before.

Was Resonate Blends, Inc. profitable in fiscal 2024?

No. It reported a net loss of $2.1M.

How much free cash flow did Resonate Blends, Inc. generate in fiscal 2024?

Cash from operations of $1.0M minus capital expenditures of $1.0K 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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