EMBK · Embark Technology, 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 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $14.46M | - | $21.69M | $19.04M | $18.70M | - | - | - | - | - |
| SG&A | $17.85M | - | $16.05M | $4.70M | $21.93M | - | - | - | - | - |
| Total Operating Expenses | $65.13M | - | $37.74M | $37.81M | $8.52M | - | $1.55M | $1.26M | $1.61M | - |
| D&A | $840.0K | - | $600.0K | $300.0K | $222.0K | - | - | - | - | - |
| Operating Income | ($65.13M) | - | ($37.74M) | ($37.81M) | ($40.62M) | - | ($1.55M) | ($1.26M) | ($1.61M) | - |
| Interest Expense | $29.0K | - | $0 | $311.0K | $21.0K | - | - | - | - | - |
| Income Tax | $0 | - | $0 | $0 | - | - | - | - | - | - |
| Net Income | ($63.06M) | - | ($35.41M) | ($14.32M) | ($18.45M) | - | $11.55M | ($12.24M) | $4.88M | - |
| EPS - Basic | ($2.67) | - | ($2.69) | ($0.14) | ($0.04) | - | - | - | - | - |
| EPS - Diluted | ($2.67) | - | ($2.69) | ($0.14) | ($0.04) | - | - | - | - | - |
Balance Sheet
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $126.20M | $157.62M | $191.04M | $220.40M | $244.49M | $264.62M | $34.7K | $296.3K | $933.4K | $11.05M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $909.0K | $1.04M | $2.76M | $4.44M | $4.10M | $2.50M | - | - | - | $399.0K |
| Current Assets | $134.20M | $165.57M | $200.52M | $226.89M | $256.56M | $277.49M | $151.3K | $504.5K | $1.23M | $66.04M |
| Total Assets | $153.44M | $214.73M | $248.32M | $255.97M | $278.28M | $291.00M | $414.18M | $414.53M | $415.24M | $249.9K |
| Current Liabilities | $11.79M | $8.66M | $15.73M | $13.64M | $12.55M | $6.00M | $1.84M | $640.6K | $109.4K | $226.4K |
| Long-term Debt | $1.66M | $1.79M | $1.91M | $1.85M | $998.0K | $1.08M | - | - | - | - |
| Total Liabilities | $27.74M | $29.76M | $38.97M | $22.44M | $45.01M | $56.37M | $39.30M | $51.19M | $226.4K | - |
| Stockholders' Equity | $125.69M | $184.97M | $209.36M | $233.53M | $233.27M | $234.63M | $24.0K | ($50.67M) | $5.00M | $23.6K |
| Retained Earnings | ($349.13M) | ($286.07M) | ($251.09M) | ($215.67M) | ($201.35M) | ($182.90M) | ($39.12M) | ($50.67M) | $4.88M | ($1.4K) |
Cash Flow
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($30.34M) | - | - | - | ($18.23M) | - | - | - | ($390.2K) | - |
| Investing Cash Flow | ($1.15M) | - | - | - | ($1.72M) | - | - | - | ($414.00M) | - |
| Financing Cash Flow | $72.0K | - | - | - | $287.0K | - | - | - | $415.32M | - |
| CapEx | $1.15M | - | - | - | $973.0K | - | - | - | - | - |
| Free Cash Flow | ($31.49M) | - | - | - | ($19.20M) | - | - | - | - | - |
Ratios
| Metric | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.50 | - | - | - | 1.04 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -41.1% | - | -14.3% | -5.6% | -6.6% | - | 2.8% | -3.0% | 1.2% | - |
| Return on equity | -50.2% | - | -16.9% | -6.1% | -7.9% | - | 48109.2% | 24.2% | 97.6% | - |
| Return on invested capital | -40.4% | - | -14.1% | -12.7% | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 11.38 | 19.11 | 12.75 | 16.63 | 20.43 | 46.27 | 0.08 | 0.79 | 11.28 | 291.74 |
| Quick ratio | 11.38 | 19.11 | 12.75 | 16.63 | 20.43 | 46.27 | 0.08 | 0.79 | 11.28 | 291.74 |
| Cash ratio | 10.70 | 18.19 | 12.15 | 16.16 | 19.47 | 44.12 | 0.02 | 0.46 | 8.53 | 48.84 |
| Leverage | ||||||||||
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | - | - | - | - |
| Debt / Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -2245.9x | - | - | -121.6x | -1934.3x | - | - | - | - | - |
| Equity multiplier | 1.22 | 1.16 | 1.19 | 1.10 | 1.19 | 1.24 | 17257.50 | -8.18 | 83.05 | 10.61 |
| Liabilities / Assets | 0.18 | 0.14 | 0.16 | 0.09 | 0.16 | 0.19 | 0.09 | 0.12 | 0.00 | - |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -60.3% | - | -2328.3% | -2897.6% | -2418.7% | - | - | - | - | - |
| Net income growth (YoY) | -241.9% | - | - | -17.0% | - | - | - | - | - | - |
| EPS growth (YoY) | -6575.0% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -64.0% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -46.1% | -21.2% | 872216.7% | - | 4565.4% | 996222.7% | - | - | - | -100.0% |
Peer comparison
Same SIC group: Services-Computer Integrated Systems Design
Comparing Embark Technology against the 5 most active filers in the same SIC group.