CBNT · C-Bond Systems, Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $659.9K | $863.5K | $936.8K | - | $814.0K | $414.1K | $515.2K | - | $573.6K | $540.4K |
| Cost of Revenue | $381.8K | $425.0K | $461.9K | - | $346.6K | $209.1K | $245.4K | - | $246.3K | $209.7K |
| Gross Profit | $278.1K | $438.6K | $474.9K | - | $467.3K | $205.0K | $269.9K | - | $327.3K | $330.7K |
| R&D | - | - | $0 | - | - | - | - | - | - | - |
| SG&A | $150.8K | $169.4K | $195.7K | - | $162.0K | $142.4K | $178.9K | - | $198.4K | $185.4K |
| Total Operating Expenses | $641.2K | $630.9K | $1.12M | - | $582.0K | $776.8K | $793.5K | - | $828.1K | $742.2K |
| D&A | - | - | $24.5K | - | $22.6K | $20.5K | $20.9K | - | $22.6K | $22.8K |
| Operating Income | ($363.1K) | ($192.4K) | ($641.5K) | - | ($114.6K) | $3.48M | ($523.6K) | - | ($500.8K) | ($411.5K) |
| Interest Expense | $386 | - | $15.7K | - | $58.7K | $166.2K | $195.8K | - | $440.6K | $362.3K |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($647.2K) | ($263.9K) | ($317.2K) | - | ($206.2K) | $3.78M | ($720.1K) | - | ($952.5K) | ($1.02M) |
| EPS - Basic | $0.00 | $0.00 | $0.00 | - | $0.00 | $0.01 | $0.00 | - | ($0.01) | $0.00 |
| EPS - Diluted | $0.00 | $0.00 | $0.00 | - | $0.00 | $0.00 | ($0.01) | - | ($0.01) | $0.00 |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $21.7K | $196.3K | $197.9K | $736.5K | $1.13M | $1.51M | $83.0K | $97.1K | $152.6K | $244.5K |
| Accounts Receivable | $226.6K | $243.4K | $507.4K | $424.1K | $269.4K | - | - | - | - | - |
| Inventory | $146.4K | $162.1K | $101.8K | $181.7K | $110.3K | $119.1K | $59.3K | $77.4K | $84.2K | $62.6K |
| Accounts Payable | $812.6K | $798.8K | $702.8K | $710.2K | $724.6K | $729.7K | $828.5K | $779.8K | $820.8K | $829.6K |
| Current Assets | $586.6K | $841.4K | $1.09M | $1.37M | $1.55M | $1.83M | $429.9K | $515.4K | $584.9K | $666.4K |
| Total Assets | $1.42M | $1.67M | $1.96M | $2.28M | $2.50M | $2.70M | $1.49M | $1.62M | $1.74M | $1.87M |
| Current Liabilities | $2.37M | $2.11M | $2.07M | $2.73M | $2.82M | $2.91M | $5.02M | $4.86M | $4.27M | $3.46M |
| Long-term Debt | - | - | - | - | $7.9K | - | $168.5K | $251.3K | - | - |
| Total Liabilities | $4.26M | $3.04M | $3.07M | $3.78M | $3.00M | $3.04M | $5.87M | $5.83M | $4.82M | $4.05M |
| Stockholders' Equity | ($4.99M) | ($4.34M) | ($4.30M) | ($4.47M) | ($3.45M) | ($3.17M) | ($7.28M) | ($7.20M) | ($6.09M) | ($5.18M) |
| Retained Earnings | ($62.09M) | ($61.45M) | ($61.18M) | ($60.85M) | ($59.84M) | ($59.63M) | ($63.41M) | ($62.69M) | ($61.40M) | ($60.45M) |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($651.2K) | - | - | - | ($291.0K) | - | - | - |
| Investing Cash Flow | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | - | - | $112.6K | - | - | - | $276.9K | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 42.1% | 50.8% | 50.7% | - | 57.4% | 49.5% | 52.4% | - | 57.1% | 61.2% |
| Operating margin | -55.0% | -22.3% | -68.5% | - | -14.1% | 840.4% | -101.6% | - | -87.3% | -76.2% |
| EBITDA margin | - | - | -65.9% | - | -11.3% | 845.4% | -97.6% | - | -83.4% | -71.9% |
| Net margin | -98.1% | -30.6% | -33.9% | - | -25.3% | 912.8% | -139.8% | - | -166.0% | -188.2% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | 0.0% | - | - | - | - | - | - | - |
| SG&A / Revenue | 22.9% | 19.6% | 20.9% | - | 19.9% | 34.4% | 34.7% | - | 34.6% | 34.3% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -45.6% | -15.8% | -16.2% | - | -8.3% | 139.9% | -48.3% | - | -54.7% | -54.3% |
| Return on equity | 13.0% | 6.1% | 7.4% | - | 6.0% | -119.3% | 9.9% | - | 15.6% | 19.6% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.25 | 0.40 | 0.53 | 0.50 | 0.55 | 0.63 | 0.09 | 0.11 | 0.14 | 0.19 |
| Quick ratio | 0.19 | 0.32 | 0.48 | 0.44 | 0.51 | 0.59 | 0.07 | 0.09 | 0.12 | 0.17 |
| Cash ratio | 0.01 | 0.09 | 0.10 | 0.27 | 0.40 | 0.52 | 0.02 | 0.02 | 0.04 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | -0.00 | - | -0.02 | -0.03 | - | - |
| Debt / Assets | - | - | - | - | 0.00 | - | 0.11 | 0.15 | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -940.6x | - | -40.9x | - | -2.0x | 20.9x | -2.7x | - | -1.1x | -1.1x |
| Equity multiplier | -0.28 | -0.39 | -0.45 | -0.51 | -0.72 | -0.85 | -0.20 | -0.23 | -0.29 | -0.36 |
| Liabilities / Assets | 3.00 | 1.82 | 1.57 | 1.66 | 1.20 | 1.13 | 3.94 | 3.59 | 2.77 | 2.16 |
| Efficiency | ||||||||||
| Asset turnover | 0.47 | 0.52 | 0.48 | - | 0.33 | 0.15 | 0.35 | - | 0.33 | 0.29 |
| Inventory turnover | 2.61 | 2.62 | 4.54 | - | 3.14 | 1.75 | 4.13 | - | 2.93 | 3.35 |
| Days sales outstanding | 125d | 103d | 198d | - | 121d | - | - | - | - | - |
| Days inventory outstanding | 140d | 139d | 80d | - | 116d | 208d | 88d | - | 125d | 109d |
| Days payable outstanding | 777d | 686d | 555d | - | 763d | 1274d | 1232d | - | 1216d | 1444d |
| Cash conversion cycle | -512d | -444d | -277d | - | -526d | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -18.9% | 108.6% | 81.8% | - | 41.9% | -23.4% | 0.9% | - | -15.0% | 304.3% |
| Revenue CAGR (3y) | -0.7% | 86.2% | 81.9% | - | 47.6% | 112.7% | 103.8% | - | 49.6% | 50.8% |
| Revenue CAGR (5y) | 30.9% | 40.5% | 60.8% | - | 55.6% | 44.9% | - | - | - | - |
| Gross profit growth (YoY) | -40.5% | 114.0% | 76.0% | - | 42.8% | -38.0% | 3.4% | - | -23.2% | 202.0% |
| Operating income growth (YoY) | -216.7% | - | -22.5% | - | 77.1% | - | 68.7% | - | -8.7% | 33.8% |
| Net income growth (YoY) | -213.9% | - | 56.0% | - | 78.4% | - | 62.5% | - | - | -75.6% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -44.4% | -37.0% | 40.9% | 38.0% | 43.3% | 38.9% | -44.3% | -72.8% | -55.3% | -21.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Business segments
$2.49M totalPatriot Glass$2.36M · 95.0%
CBond$124.4K · 5.0%
Product / service
$2.49M totalWindow Tint Installation And Sales Recognized Over Time$2.36M · 95.0%
CBond Nanoshield Solution Sales$112.4K · 4.5%
CBond Secure Multipurpose And BRSBallistic Resistant Glass Protection Systems$9.7K · 0.4%
Freight And Delivery$2.3K · 0.1%
Peer comparison
Same SIC group: Investors, NEC
Comparing C-Bond Systems against the 5 most active filers in the same SIC group.