Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data World Scan Project, 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
FY2020
FY2021
FY2022
FY2023
FY2024
Revenue
4.95
11.8
14.5
0.29
25.2
Cost of revenue
1.68
5.02
11.3
0.14
17.6
Gross profit
3.27
6.79
18.1
30.9
7.61
Research and development
18.7
General and administrative
1.49
3.46
4.31
17.6
6.35
Operating expenses
1.49
3.46
4.31
36.3
7.12
Operating income
2.03
Other non-operating income
0.24
0.33
Income tax
0.71
1.33
4.92
-2.09
0
Income from continuing operations
1.79
3.33
13.8
-5.48
0.49
Net income
1.31
2.33
8.91
-3.42
-0.77
EBITDA
2.03
EPS, basic
0.13
0.22
0.84
-0.32
-0.07
EPS, diluted
0.07
0.11
0.43
-0.17
-0.04
Shares, basic (weighted)
10.1
10.6
10.6
10.7
11.2
Shares, diluted (weighted)
20.1
20.6
20.6
20.7
21.2
Balance sheet
FY2020
FY2021
FY2022
FY2023
FY2024
Cash and equivalents
0.97
2.58
5.84
5.7
1.63
Receivables
0.87
0
Inventory
0.01
0.05
0
0.36
17
Total current assets
2.4
5.69
24.1
11.3
24.4
Intangible assets
0.02
0.02
0.09
Other non-current assets
0.01
Total assets
2.4
6.49
25.5
14
27.4
Accrued liabilities
0.14
0.26
0.05
Total current liabilities
0.68
2.45
14.4
4.7
10.4
Lease liabilities
0.22
0.52
0.63
0.47
Total liabilities
0.68
2.67
14.9
5.32
10.8
Paid-in capital
0.32
0.32
0.32
2.06
10.6
Retained earnings
1.31
3.65
12.6
9.14
8.37
Other comprehensive income
0.08
Shareholders' equity
1.72
3.81
10.6
Total equity
1.72
3.81
10.6
8.72
16.6
Total liabilities and equity
2.4
6.49
25.5
14
27.4
Shares outstanding
10.6
10.8
11.6
Cash flow statement
FY2020
FY2021
FY2022
FY2023
FY2024
Net income
1.31
2.33
8.91
-3.42
-0.77
Depreciation and amortization
0
Deferred income tax
0.25
0.33
Change in receivables
0.87
-0.85
2.15
-1.73
-0.12
Change in inventory
0.01
0.04
-0.04
0.36
16.6
Change in payables
0.14
2.64
-1.47
0.25
Cash from operations
0.57
2.03
4.61
-0.17
-16.9
Cash from investing
-0.19
-0.23
-1.63
-0.13
Stock issued
0.32
Cash from financing
0.32
0
1.86
13.7
Exchange rate effect
-0.24
-1.13
-0.2
-0.79
Net change in cash
0.97
1.61
3.25
-0.14
-4.06
Income taxes paid
0.21
1.33
1.59
1.01
0.08
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to July 31, 2025; growth uses fiscal years. No valuation: we have no share price for this company.
Profitability
Metric
Value
How it is calculated
Gross margin
36.8%
Gross profit / revenue.
Net margin
0.4%
Net income / revenue.
Operating cash flow margin
-35.8%
Cash from operations / revenue.
Return on assets (ROA)
0.4%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
8,650.0%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
28.7%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-75.3%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
3.9%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
95.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
61.7%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
2.5%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
0.9%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
11.4x
Current assets / current liabilities.
Quick ratio
0.14x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.14x
(Cash + short-term investments) / current liabilities.
Liabilities / assets
8.1%
Total liabilities / total assets.
Working capital
$15.8M
Current assets - current liabilities.
Goodwill and intangibles / assets
0.4%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.93x
Revenue / average total assets.
Inventory turnover
0.96x
Cost of revenue / average inventory.
Days inventory
381 days
365 x average inventory / cost of revenue.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.00
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.
What was World Scan Project, Inc.'s revenue in fiscal 2024?
World Scan Project, Inc. reported revenue of $25.2M for fiscal 2024, 8,650% higher than the year before.
Was World Scan Project, Inc. profitable in fiscal 2024?
No. It reported a net loss of $768.4K.
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.