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Financial statements

Zeo ScientifiX, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Zeo ScientifiX, 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

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024
Revenue0.180.570.961.73.065.66.494.564.625.2
Cost of revenue0.090.160.210.30.40.550.750.510.840.93
Gross profit0.090.410.761.42.665.055.744.053.784.27
Research and development0.050.231.120.790.920.160.1
General and administrative1.139.054.253.1815.117.814.610.89.19.65
Operating expenses1.139.05
Operating income-1.04-8.64-3.49-1.78-12.4-12.7-8.84-6.77-5.32-5.39
Interest expense0.010.580.230.050.180.040.40.430.090.1
Other non-operating income00.010.020.080.030.030.25-0.010.61-0.14
Pre-tax income-9.11-3.43-1.74-12.6-12.8-8.9
Income tax000000
Income from continuing operations-1.06-9.11-3.43
Net income to minority interests0-0.140.03-00
Net income-1.25-8.97-3.46-1.74-12.6-12.8-8.9-6.99-4.71-5.52
EBITDA-1.04-8.62-3.48-1.76-12.4-12.7-8.51-6.28-5.25-5.31
EPS, basic-0.01-0.08-0.010.00-0.02-0.01-1.56-0.99-0.74-0.86
EPS, diluted-0.01-0.08-0.010.00-0.02-0.01-1.56-0.99-0.74-0.86
Shares, basic (weighted)1001092724676711,0595.697.036.346.41
Shares, diluted (weighted)1001092724676711,0595.697.036.346.41

Balance sheet

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024
Cash and equivalents0.030.040.040.130.590.113.751.760.660.22
Receivables00.110.050.030.030.10.060.020.190.04
Inventory0.010.1200.080.150.230.250.310.230.42
Other current assets00.010.020.120.080.070.170.110.080.28
Total current assets0.040.280.110.360.850.524.372.21.170.96
Property, plant and equipment0.030.050.010.260.371.111.680.570.480.57
Lease right-of-use assets0.020.11
Long-term investments0
Total assets0.070.380.120.651.331.936.22.781.641.53
Accounts payable0.250.590.480.550.771.872.382.611.721.98
Accrued liabilities0.382.180.330.631.161.540.670.670.670.67
Deferred revenue00.080.020
Short-term debt0.070.140.030.660.680.24
Total current liabilities0.853.881.332.062.544.134.064.013.292.87
Long-term debt00.15
Lease liabilities00.070.140.03
Total liabilities0.853.881.332.212.734.64.314.023.32.95
Total debt00.1500.560.070.680.24
Paid-in capital1.237.4212.914.226.537.852.456.360.666.3
Retained earnings-2.11-11.1-14.5-16.3-28.9-41.6-50.5-57.5-62.2-67.7
Shareholders' equity-0.78-3.56-1.26-1.56-1.39-2.671.89-1.24-1.65-1.42
Minority interests00.050.040
Total equity-0.78-3.5-1.21-1.56-1.39-2.671.89-1.24-1.65-1.42
Total liabilities and equity0.070.380.120.651.331.936.22.781.641.53
Shares outstanding1041114365039401,1327.47.286.346.75

Cash flow statement

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2024
Net income-1.25-9.11-3.43-1.74-12.6-12.8-8.9-6.99-4.71-5.52
Depreciation and amortization00.020.010.010.040.050.330.490.070.07
Stock-based compensation05.824.020.739.918.653.923.213.854.69
Deferred income tax-3.241.08-0.2-3.17-3.225.48-0.73-0.22-0.35
Change in receivables0.02-0.1100.01-0-0.070.020.04-0.190.16
Change in inventory-0.01-0.110.06-0.08-0.07-0.09-0.05-0.060.08-0.19
Change in payables0.140.340.060.080.221.151.040.23-0.850.2
Cash from operations-0.55-0.88-0.51-0.57-1.81-2.68-3.17-2.2-1.45-0.72
Capital expenditures-0.03-0.05-0-0.03-0.14-0.42-0.82-0.03-0.02
Cash from investing-0.02-0.050.1-0.03-0.14-0.42-0.820.62-0.05-0.02
Debt issued1.23
Stock issued0.460.40.42.22.717.270.10.50.3
Cash from financing0.560.940.420.692.412.627.64-0.420.40.31
Net change in cash0.090.46-0.483.64-2-1.1-0.44
Free cash flow-0.57-0.93-0.52-0.6-1.95-3.11-3.99-2.22-0.74
Interest paid00.060.030.020.060.030.080.070.070.02
Income taxes paid000000

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to April 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.36 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin81.5%Gross profit / revenue.
Operating margin-59.1%Operating income / revenue.
EBITDA margin-58.0%EBITDA (operating income + depreciation and amortization) / revenue.
Net margin-55.6%Net income / revenue.
Operating cash flow margin-17.9%Cash from operations / revenue.
Return on equity (ROE)-545.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-99.9%Net income / average total assets.
Stock-based pay / revenue52.8%Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue1.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y12.5%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-7.1%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y11.2%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y13.0%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-9.4%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y9.9%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-7.1%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-37.3%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y2.7%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y1.2%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y4.1%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-60.5%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 ratio1.05xCurrent assets / current liabilities.
Quick ratio0.68x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.59x(Cash + short-term investments) / current liabilities.
Debt / equity0.35xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets6.4%Total debt / total assets.
Liabilities / assets81.7%Total liabilities / total assets.
Net debt-$1.6MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-54.3xOperating income / interest expense.
Working capital$155.0KCurrent assets - current liabilities.
Tangible book value$712.0KShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.80xRevenue / average total assets.
Fixed asset turnover11.5xRevenue / average property, plant and equipment.
Inventory turnover1.88xCost of revenue / average inventory.
Days inventory194 days365 x average inventory / cost of revenue.
Receivables turnover25.3xRevenue / average receivables.
Days sales outstanding14 days365 x average receivables / revenue.
Days payables606 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-398 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$0.50Net 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$0.90Revenue / diluted weighted shares.
Operating cash flow per share-$0.16Cash from operations / diluted weighted shares.
Book value per share$0.09Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$0.09Tangible book value / shares outstanding.
Cash per share$0.24(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$10.7MShare price x shares outstanding.
Enterprise value$9.1MMarket cap + total debt - cash - short-term investments.
P/S1.53xMarket cap / revenue.
P/B15.0xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book15.0xMarket cap / tangible book value, when positive.
EV/Sales1.30xEnterprise value / revenue.
Earnings yield-36.4%Net income / market cap (the inverse of P/E).
What was Zeo ScientifiX, Inc.'s revenue in fiscal 2024?

Zeo ScientifiX, Inc. reported revenue of $5.2M for fiscal 2024, 12.5% higher than the year before.

Was Zeo ScientifiX, Inc. profitable in fiscal 2024?

No. It reported a net loss of $5.5M.

How much free cash flow did Zeo ScientifiX, Inc. generate in fiscal 2024?

Cash from operations of $718.0K minus capital expenditures of $23.0K left free cash flow of -$741.0K.

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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