Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Right On Brands, 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
FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
Revenue
0
0.02
0.02
0
0.01
0.26
0.33
0.08
1
1.14
Cost of revenue
0.01
0.17
0.31
0.06
0.56
0.53
Gross profit
0
0
0.09
0.02
0.02
0.44
0.61
Research and development
0.01
0
0
Selling and marketing
0
0.02
0.02
0.02
0.08
0.09
0.07
0
0.03
0.02
General and administrative
0.01
0.04
0.2
0.45
0.35
0.19
0.35
0.56
Operating expenses
0.11
0.09
0.07
0.17
0.8
5.1
0.97
0.42
0.5
0.74
Operating income
-0.95
-0.4
-0.06
-0.14
Interest expense
0
-0.01
0.46
0.1
0.08
0.03
0.01
Other non-operating income
-2.77
-0.01
-2.53
1.45
-0.2
0.14
Pre-tax income
-0.8
-6.09
-3.48
Income tax
0.02
0.06
0.16
Net income to minority interests
0
0
0
0
0
Net income
-0.11
-0.07
-0.05
-2.94
-0.8
-6.09
-3.48
-1.85
-0.26
0.01
EBITDA
-0.94
-0.4
-0.05
-0.13
EPS, basic
0.00
0.00
0.00
-0.07
-0.01
-0.09
-0.01
0.00
0.00
0.00
EPS, diluted
0.00
0.00
0.00
-0.07
-0.01
-0.09
-0.01
0.00
0.00
0.00
Shares, basic (weighted)
31.8
32.2
32.3
40.8
54.8
66.8
376
3,376
5,923
5,888
Shares, diluted (weighted)
31.8
32.2
32.3
40.8
54.8
66.8
376
3,376
5,923
6,093
Balance sheet
FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
Cash and equivalents
0
0.01
0
0.13
0.05
0.09
0.07
0.05
0.03
0.03
Receivables
0
0.02
0.01
0
0
0
Inventory
0.03
0.01
0.21
0.02
0.07
0.11
0.12
Other current assets
0.01
0.02
0
0
0
0
0
Total current assets
0
0
0.17
1.31
0.33
0.12
0.12
0.15
0.15
Property, plant and equipment
0.09
0.05
0.03
0.01
0.01
0.03
0.02
0.02
0.02
0.01
Intangible assets
0
0
0
0
0
Total assets
0.09
0.06
0.03
0.18
3.05
0.36
0.24
0.24
0.23
0.21
Accounts payable
0.01
0.02
0.03
0.01
0.02
0.07
0.11
0.13
0.06
0.06
Accrued liabilities
0.05
0.17
0.09
0.1
Deferred revenue
0
0.01
Total current liabilities
0.03
0.09
0.07
2.09
2.38
1.58
0.76
0.68
Long-term debt
0
Total liabilities
0.08
0.12
0.11
0.09
0.07
2.09
2.42
1.65
0.8
0.7
Total debt
0.84
0.46
0.46
Paid-in capital
0.22
0.22
0.24
2.87
6.51
8.3
10.4
8.55
9.2
15.2
Retained earnings
-0.24
-0.31
-0.36
-3.3
-4.1
-10.2
-13.7
-15.5
-15.8
-15.8
Shareholders' equity
0.02
-0.06
-0.08
0.09
2.98
-1.73
-2.18
-1.41
-0.59
-0.52
Minority interests
0.02
0.02
0.02
0.02
0.02
0.02
Total equity
0.02
-0.06
-0.08
0.09
2.96
-1.76
-2.18
-1.41
-0.57
-0.5
Total liabilities and equity
0.09
0.06
0.03
0.18
3.05
0.36
0.24
0.24
0.23
0.21
Shares outstanding
32.2
32.2
32.6
25.5
Cash flow statement
FY2014
FY2015
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
Net income
0.11
-0.07
-0.05
-2.94
-0.8
-6.09
-3.48
-1.85
-0.26
0.01
Depreciation and amortization
0
0.04
0.02
0.02
0.02
0
0.01
0.01
0.01
0.01
Stock-based compensation
0.34
1.33
0.01
0.08
0
Deferred income tax
0.03
Change in receivables
0
0.12
0
0
0
0
Change in inventory
0.03
-0.01
0.25
-0.13
0.03
0.04
0
Change in payables
0
0.01
0.01
0.01
0.01
0.05
0.04
0.02
-0.06
0.02
Cash from operations
-0.05
-0.02
-0.02
-0.17
-0.52
-0.87
-0.68
-0.2
-0.15
-0.07
Capital expenditures
-0.01
-0
-0
-0
0
-0.02
0
-0.01
Purchases of investments
0.01
Cash from investing
-0.01
-0
-0
-0.01
-0.02
-0.02
0
-0.01
0
0
Stock issued
0.45
0.11
0.13
0.12
0.09
0.05
Cash from financing
0.01
0.03
0.02
0.31
0.47
0.94
0.66
0.19
0.13
0.07
Net change in cash
-0.05
0.01
-0.01
0.13
-0.08
-0.02
-0.02
-0.02
0.01
Free cash flow
-0.06
-0.02
-0.03
-0.17
-0.52
-0.89
-0.68
-0.21
Interest paid
0
0
0
0
0
Income taxes paid
0
0
0
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to December 31, 2023; growth uses fiscal years. Valuation uses the share price of $0.03 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
57.2%
Gross profit / revenue.
Operating margin
-5.1%
Operating income / revenue.
EBITDA margin
-4.7%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-29.3%
Net income / revenue.
Operating cash flow margin
-3.2%
Cash from operations / revenue.
Return on assets (ROA)
-194.4%
Net income / average total assets.
D&A / revenue
0.4%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
13.9%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
51.2%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y
161.2%
Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y
37.6%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
205.2%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y
216.1%
Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y
-11.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-4.5%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y
-41.6%
Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y
2.9%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
153.0%
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, 5y
156.6%
Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.17x
Current assets / current liabilities.
Quick ratio
0.07x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.06x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
480.7%
Total liabilities / total assets.
Interest coverage
-2.41x
Operating income / interest expense.
Working capital
-$837.1K
Current assets - current liabilities.
Efficiency
Metric
Value
How it is calculated
Asset turnover
6.63x
Revenue / average total assets.
Fixed asset turnover
247x
Revenue / average property, plant and equipment.
Inventory turnover
5.94x
Cost of revenue / average inventory.
Days inventory
61 days
365 x average inventory / cost of revenue.
Receivables turnover
112x
Revenue / average receivables.
Days sales outstanding
3 days
365 x average receivables / revenue.
Days payables
45 days
365 x average accounts payable / cost of revenue.
Cash conversion cycle
20 days
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.02
Net 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.
Market cap + total debt - cash - short-term investments.
P/S
0.70x
Market cap / revenue.
EV/Sales
0.66x
Enterprise value / revenue.
Earnings yield
-42.0%
Net income / market cap (the inverse of P/E).
What was Right On Brands, Inc.'s revenue in fiscal 2023?
Right On Brands, Inc. reported revenue of $1.1M for fiscal 2023, 13.9% higher than the year before.
Was Right On Brands, Inc. profitable in fiscal 2023?
Yes. Net income was $8.7K, a net margin of 0.8%.
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.