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Financial statements

Leader Capital Holdings Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Leader Capital Holdings Corp. 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

FY2018FY2019FY2020FY2021FY2022
Revenue0.020.010.10.34
Research and development0.60.51
Selling and marketing0.20.3
General and administrative0.560.969.749.74.8
Operating income-0.56-0.94-9.73-11.7-7.56
Interest expense00.140.10.09
Interest income00.01
Other non-operating income0.020.040.150.15-0.41
Pre-tax income-0.54-0.9-9.84-11.7-12
Income tax-0.04-0.13
Net income-0.54-0.9-9.84-11.7-11.9
EBITDA-0.55-0.93-9.72-11.6-7.43
EPS, basic-0.01-0.01-0.09-0.08-0.07
EPS, diluted-0.01-0.01-0.09-0.08-0.07
Shares, basic (weighted)103105115144178
Shares, diluted (weighted)103105115144178

Balance sheet

FY2018FY2019FY2020FY2021FY2022
Cash and equivalents0.840.450.430.790.21
Receivables00
Inventory00.01
Other current assets00.220.230.18
Total current assets0.931.230.911.020.4
Property, plant and equipment0.020.010.030.070.07
Lease right-of-use assets0.240.350.23
Goodwill2.971.75
Intangible assets0.820.630
Long-term investments0
Total assets0.961.344.983.920.72
Accrued liabilities0.050.2
Deferred revenue0.030.0100.020.17
Total current liabilities0.080.312.082.542.65
Long-term debt0.60.6
Lease liabilities0.050.060.07
Total liabilities0.080.9133.612.92
Paid-in capital1.431.8913.323.532.3
Retained earnings-0.56-1.46-11.3-23-34.9
Other comprehensive income-0.170.36
Shareholders' equity0.880.431.980.31-2.2
Total equity0.880.431.980.31-2.2
Total liabilities and equity0.961.344.983.920.72
Shares outstanding104105135158192

Cash flow statement

FY2018FY2019FY2020FY2021FY2022
Net income-0.54-0.9-9.84-11.7-11.9
Depreciation and amortization0.010.010.010.140.13
Stock-based compensation8.066.561.9
Deferred income tax-0.04-0.13
Change in receivables-0-0
Change in inventory-0-0.01
Change in payables0.08-0.030.99
Cash from operations-0.53-0.43-0.96-3.62-2.91
Capital expenditures-0.03-0-0-0.07-0.05
Cash from investing-0.03-0.83-2.06-0.07-0.05
Debt repaid-0
Stock issued1
Cash from financing10.8634.062.39
Exchange rate effect-0.01-0
Net change in cash0.45-0.39-0.020.36-0.57
Free cash flow-0.55-0.43-0.96-3.69-2.96
Interest paid0.060.070.12

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to May 31, 2023; growth uses fiscal years. Valuation uses the share price of $0.05 on September 11, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-817.6%Operating income / revenue.
EBITDA margin-805.6%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-903.4%Pre-tax income / revenue.
Net margin-882.9%Net income / revenue.
FCF margin-320.8%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-318.7%Cash from operations / revenue.
Return on assets (ROA)-1,696.0%Net income / average total assets.
R&D / revenue70.9%Research and development expense / revenue.
Stock-based pay / revenue54.0%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue2.1%Capital expenditures / revenue.
D&A / revenue11.9%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y256.7%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y165.6%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y-800.1%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-81.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-18.8%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y23.6%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y19.2%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 ratio0.08xCurrent assets / current liabilities.
Quick ratio0.06x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.06x(Cash + short-term investments) / current liabilities.
Liabilities / assets1,038.0%Total liabilities / total assets.
Interest coverage-35.2xOperating income / interest expense.
Working capital-$2.5MCurrent assets - current liabilities.
Goodwill and intangibles / assets1.4%(Goodwill + intangible assets) / total assets.
Tangible book value-$2.7MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.92xRevenue / average total assets.
Fixed asset turnover36.3xRevenue / average property, plant and equipment.
Receivables turnover203xRevenue / average receivables.
Days sales outstanding2 days365 x average receivables / revenue.

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.
Revenue per share$0.00Revenue / 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-$0.01Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$0.01Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$10.3MShare price x shares outstanding.
Enterprise value$10.2MMarket cap + total debt - cash - short-term investments.
P/S18.9xMarket cap / revenue.
EV/Sales18.6xEnterprise value / revenue.
FCF yield-17.0%Free cash flow / market cap.
Earnings yield-46.8%Net income / market cap (the inverse of P/E).
What was Leader Capital Holdings Corp.'s revenue in fiscal 2022?

Leader Capital Holdings Corp. reported revenue of $339.4K for fiscal 2022, 256.7% higher than the year before.

Was Leader Capital Holdings Corp. profitable in fiscal 2022?

No. It reported a net loss of $11.9M.

How much free cash flow did Leader Capital Holdings Corp. generate in fiscal 2022?

Cash from operations of $2.9M minus capital expenditures of $49.0K left free cash flow of -$3.0M.

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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