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Financial statements

OIO Group financial statements

Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data OIO Group 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

FY2023FY2023FY2024
Revenue4.996.166.1
Cost of revenue1.090.98
Gross profit3.95.19
General and administrative0.9893.1
Interest expense0.250.390.35
Pre-tax income-2.38-94.8-0.76
Income tax0.010.13-0.13
Net income-2.39-95-0.63
EPS, basic-0.37-14.69-0.02
EPS, diluted-0.37-14.69-0.02

Balance sheet

FY2023FY2023FY2024
Cash and equivalents0.250.370.63
Receivables0.821.031.04
Inventory0.220.060.44
Total current assets1.291.462.12
Property, plant and equipment22.521.820.8
Lease right-of-use assets2.322.132.13
Intangible assets1.852.382.98
Total assets25.625.625.9
Accounts payable4.296.564.45
Total current liabilities9.915.29.08
Lease liabilities2.071.971.93
Total liabilities12.517.611.1
Total debt5.85.784.32
Paid-in capital89.797
Retained earnings-5.01-100-101
Total equity13.18.0214.7
Total liabilities and equity25.625.625.9

Cash flow statement

FY2023FY2023FY2024
Net income-2.39-95-0.63
Cash from operations1.975.28-3.11
Capital expenditures-0.5-0.65-0.3
Cash from investing-1.48-2.02-2.02
Debt issued3.6
Debt repaid-1.54-3.78-1.38
Stock issued1.60.757.5
Cash from financing-0.37-3.155.4
Net change in cash0.120.110.27
Free cash flow1.474.63-3.42

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. Valuation uses the share price of $1.65 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Pre-tax margin-12.5%Pre-tax income / revenue.
Net margin-10.4%Net income / revenue.
FCF margin-56.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-51.0%Cash from operations / revenue.
Return on assets (ROA)-2.5%Net income / average total assets.
Capex / revenue5.0%Capital expenditures / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-1.0%Revenue vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-158.9%Operating cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow growth, 1y-173.8%Free cash flow vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y0.9%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.23xCurrent assets / current liabilities.
Quick ratio0.18x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.07x(Cash + short-term investments) / current liabilities.
Debt / assets16.7%Total debt / total assets.
Liabilities / assets43.1%Total liabilities / total assets.
Net debt$3.7MTotal debt - cash - short-term investments. Negative means more cash than debt.
Working capital-$7.0MCurrent assets - current liabilities.
Goodwill and intangibles / assets11.5%(Goodwill + intangible assets) / total assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.24xRevenue / average total assets.
Fixed asset turnover0.29xRevenue / average property, plant and equipment.
Receivables turnover5.88xRevenue / average receivables.
Days sales outstanding62 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.
EPS, basic-$0.02Net income per basic share, as reported (split-adjusted).

Valuation

MetricValueHow it is calculated
Market cap$574.2MShare price x shares outstanding.
Enterprise value$577.9MMarket cap + total debt - cash - short-term investments.
P/S94.1xMarket cap / revenue.
EV/Sales94.7xEnterprise value / revenue.
FCF yield-0.6%Free cash flow / market cap.
Earnings yield-0.1%Net income / market cap (the inverse of P/E).
What was OIO Group's revenue in fiscal 2024?

OIO Group reported revenue of $6.1M for fiscal 2024, 1% lower than the year before.

Was OIO Group profitable in fiscal 2024?

No. It reported a net loss of $633.3K.

How much free cash flow did OIO Group generate in fiscal 2024?

Cash from operations of $3.1M minus capital expenditures of $304.8K left free cash flow of -$3.4M.

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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