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Financial statements

Decentral Life, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data Decentral Life, 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

FY2016FY2018FY2018FY2019FY2020FY2021FY2022
Revenue0.210.220.480.270.290.94
Cost of revenue0.010.010.230.020.05
Gross profit0.20.220.250.270.270.9
Selling and marketing0.230.110.010.020.01
General and administrative0.150.40.350.390.580.25
Operating expenses2.294.853.60.530.650.26
Operating income-2.09-4.64-4.64-0.26-0.380.64
Other non-operating income0.06-1.710.09
Income from continuing operations-0.2-2.090.73
Net income-21-2.16-4.64-3.34-0.2-2.120.73
EPS, basic-0.02-0.04-0.030.00
EPS, diluted-0.02-0.040.000.00
Shares, basic (weighted)1171071416,3687,0797,395
Shares, diluted (weighted)1331242,1799,6047,0797,395

Balance sheet

FY2016FY2018FY2018FY2019FY2020FY2021FY2022
Cash and equivalents0.010.050.20.01000.2
Receivables0.0700.020
Other current assets0.0100.02
Total current assets0.140.20.30.40.410.85
Total assets0.070.30.40.410.85
Accounts payable0.020.190.050
Deferred revenue0.03
Total current liabilities0.10.190.050.13
Long-term debt0
Total liabilities0.0800.710.590.540.25
Total debt0
Paid-in capital22.227.83125.225.726
Retained earnings-23.1-27.7-31.6-31.8-33.5-32.8
Shareholders' equity-0.12-0.010.2-0.41-0.2-0.130.59
Total equity-0.12-0.010.2-0.41-0.2-0.130.59
Total liabilities and equity0.140.20.30.40.410.85
Shares outstanding95.41181256,3687,6757,395

Cash flow statement

FY2016FY2018FY2018FY2019FY2020FY2021FY2022
Net income-21-2.16-4.64-3.34-0.2-2.120.73
Stock-based compensation0.733.732.090.130.05
Change in receivables-0.070.07-0.28-0.07-0.04
Change in payables-0.050.090.25-0.14-0.05
Cash from operations-0.21-4.46-4.46-0.36-0.310.4
Debt issued0.16
Stock issued0.261.050.80.09
Cash from financing0.264.61.720.350.31-0.2
Net change in cash0.050.14-0.18-0.0100.2
Interest paid0.02

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2023; growth uses fiscal years. Valuation uses the share price of $0.00 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin88.2%Gross profit / revenue.
Operating margin1.1%Operating income / revenue.
Net margin9.3%Net income / revenue.
Operating cash flow margin3.6%Cash from operations / revenue.
Return on equity (ROE)16.7%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)11.3%Net income / average total assets.
Return on invested capital (ROIC)1.9%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

MetricValueHow it is calculated
Revenue growth, 1y223.3%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y25.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y35.2%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y232.5%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y52.8%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y35.0%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y106.9%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y40.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y65.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y4.5%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y50.3%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, 5y123.4%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 ratio7.15xCurrent assets / current liabilities.
Quick ratio0.87x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.87x(Cash + short-term investments) / current liabilities.
Liabilities / assets32.3%Total liabilities / total assets.
Working capital$553.3KCurrent assets - current liabilities.
Tangible book value$435.8KShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.22xRevenue / average total assets.

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

Valuation

MetricValueHow it is calculated
Market cap$2.2MShare price x shares outstanding.
Enterprise value$2.1MMarket cap + total debt - cash - short-term investments.
P/E30.4xMarket cap / net income. Only when net income is positive.
P/S2.84xMarket cap / revenue.
P/B5.09xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book5.09xMarket cap / tangible book value, when positive.
P/OCF78.7xMarket cap / cash from operations, when positive.
EV/Sales2.74xEnterprise value / revenue.
EV/EBIT253xEnterprise value / operating income, when both are positive.
Earnings yield3.3%Net income / market cap (the inverse of P/E).
What was Decentral Life, Inc.'s revenue in fiscal 2022?

Decentral Life, Inc. reported revenue of $944.4K for fiscal 2022, 223.3% higher than the year before.

Was Decentral Life, Inc. profitable in fiscal 2022?

Yes. Net income was $727.4K, a net margin of 77%.

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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