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Financial statements

Solidus Communications, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 9 fiscal years, taken from the XBRL data Solidus Communications, 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

FY2008FY2009FY2011FY2011FY2012FY2013FY2014FY2016FY2016
Revenue0.170.15
General and administrative7.371.680.620.40.36
Operating expenses7.642.060.370.40.360.830.36
Operating income-7.64-2.06-0.37-0.4-0.36-0.66-0.21
Interest expense-0.040.10.120.230.170.290.34
Other non-operating income0.510.86
Net income-0.07-0.29-7.9-5.15-1.13-2.58-0.23-1.170.64
EBITDA-0.64-0.21
EPS, basic-0.130.00-0.13-0.17-0.01-0.020.00
EPS, diluted-0.130.00-0.13-0.17-0.01-0.020.00
Shares, basic (weighted)60.91168.7115.515.963.9172
Shares, diluted (weighted)60.91168.7115.515.9453672

Balance sheet

FY2008FY2009FY2011FY2011FY2012FY2013FY2014FY2016FY2016
Cash and equivalents00000.010.020.010.02
Receivables0
Inventory0.01
Other current assets00
Total current assets00000.020.020.03
Property, plant and equipment1.200.020.01
Total assets2.80000.030.030.04
Accounts payable0.060.10.110.10.10.17
Accrued liabilities0.150.310.10.280.452.012.09
Total current liabilities0.941.462.194.750.026.25.38
Total liabilities0.941.462.194.750.026.25.38
Paid-in capital10.111.812.412.400.470.56
Retained earnings-14.6-17.10.01-6.76-6.11
Other comprehensive income0
Shareholders' equity1.86-1.46-2.19-4.750.01-6.17-5.34
Total equity1.86-1.46-2.19-4.750.01-6.17-5.34
Total liabilities and equity2.80000.030.030.04
Shares outstanding19613.215.915.9123215

Cash flow statement

FY2008FY2009FY2011FY2011FY2012FY2013FY2014FY2016FY2016
Net income-0.07-0.29-7.9-5.15-1.13-2.58-0.23-1.170.64
Depreciation and amortization0.010
Stock-based compensation0.470.01
Change in receivables-00.01
Change in inventory-0.01
Change in payables0.170.550.40.530.5300.06
Cash from operations-0.51-0.43-0.11-0.11-0-0.13-0.27
Cash from investing-0.18-0.04
Debt repaid-0.15-0.08
Stock issued0.14
Dividends paid-0.06
Cash from financing0.690.470.110.1100.120.28
Net change in cash0-00-0-00.01
Interest paid0.0100.01

Key metrics

Worked out from the statements above. Latest values use fiscal 2016. Valuation uses the share price of $0.00 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Operating margin-145.1%Operating income / revenue.
EBITDA margin-144.9%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin439.1%Net income / revenue.
Operating cash flow margin-182.8%Cash from operations / revenue.
Return on assets (ROA)1,748.0%Net income / average total assets.
Stock-based pay / revenue9.9%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue0.2%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-15.5%Revenue vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y29.6%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y2,650.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y57.3%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y48.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y251.5%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, 5y42.1%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 ratio0.00xCurrent assets / current liabilities.
Quick ratio0.00x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.00x(Cash + short-term investments) / current liabilities.
Liabilities / assets12,937.0%Total liabilities / total assets.
Interest coverage-0.64xOperating income / interest expense.
Working capital-$5.4MCurrent assets - current liabilities.
Tangible book value-$5.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover3.98xRevenue / average total assets.
Fixed asset turnover9.87xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted$0.00Net 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$0.00Net income per basic share, as reported (split-adjusted).
Revenue per share$0.00Revenue / diluted weighted shares.
Operating cash flow per share-$0.00Cash 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$305.7KShare price x shares outstanding.
Enterprise value$284.3KMarket cap + total debt - cash - short-term investments.
P/E0.47xMarket cap / net income. Only when net income is positive.
P/S2.08xMarket cap / revenue.
EV/Sales1.94xEnterprise value / revenue.
Earnings yield210.8%Net income / market cap (the inverse of P/E).
What was Solidus Communications, Inc.'s revenue in fiscal 2016?

Solidus Communications, Inc. reported revenue of $146.7K for fiscal 2016, 15.5% lower than the year before.

Was Solidus Communications, Inc. profitable in fiscal 2016?

Yes. Net income was $644.3K, a net margin of 439.1%.

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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