FOMC · Fomo Worldwide, 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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $7.52M | $657.1K | $92.1K | - | - | - |
| Cost of Revenue | $6.47M | $539.3K | $88.4K | - | - | - |
| Gross Profit | $1.05M | $117.8K | $3.8K | - | - | - |
| R&D | - | - | - | - | - | $28.4K |
| SG&A | $2.65M | $5.99M | $1.60M | $212.7K | $217.2K | $270.6K |
| Total Operating Expenses | $2.65M | $1.60M | - | $212.7K | $291.6K | $299.0K |
| D&A | $60.6K | $37 | - | - | $31.7K | $33.3K |
| Operating Income | ($1.60M) | ($11.22M) | ($1.60M) | ($212.7K) | ($291.6K) | ($299.0K) |
| Interest Expense | - | $816.2K | $165.8K | $18.0K | $8.6K | $979 |
| Income Tax | - | - | - | - | - | $800 |
| Net Income | ($3.68M) | ($12.58M) | ($1.64M) | ($65.2K) | ($1.90M) | ($1.25M) |
| EPS - Basic | ($0.00) | $0.00 | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $97.0K | $12.1K | $12.1K | $63 | $11.8K | $499 |
| Accounts Receivable | $1.68M | $36.8K | $20.9K | - | - | - |
| Inventory | $382.5K | $8.1K | - | - | - | - |
| Accounts Payable | - | - | $63.3K | $5.5K | $22.0K | $42.8K |
| Current Assets | $2.22M | $193.1K | $33.8K | $63 | $1 | $499 |
| Total Assets | $3.58M | $958.5K | $1.00M | $189.1K | $1 | $127.5K |
| Current Liabilities | $5.64M | $1.27M | $1.17M | $1.43M | $1.85M | $1.48M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $6.15M | $1.27M | $1.17M | $1.43M | - | - |
| Stockholders' Equity | ($2.57M) | ($310.2K) | ($164.4K) | ($1.24M) | ($1.85M) | ($1.35M) |
| Retained Earnings | ($24.10M) | ($20.25M) | ($7.66M) | ($6.03M) | ($5.96M) | ($4.06M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.25M) | ($885.5K) | ($135.6K) | ($113.6K) | ($120.8K) | ($233.6K) |
| Investing Cash Flow | $185.7K | ($1.09M) | - | - | - | - |
| Financing Cash Flow | $1.07M | $2.05M | $147.6K | $113.7K | $120.3K | $222.4K |
| CapEx | $4.4K | - | - | - | - | - |
| Free Cash Flow | ($1.25M) | - | - | - | - | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 13.9% | 17.9% | 4.1% | - | - | - |
| Operating margin | -21.3% | -1707.9% | -1735.1% | - | - | - |
| EBITDA margin | -20.5% | -1707.9% | - | - | - | - |
| Net margin | -49.0% | -1914.7% | -1776.8% | - | - | - |
| Free cash flow margin | -16.7% | - | - | - | - | - |
| FCF / Net income | 0.34 | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 35.2% | 911.2% | 1739.2% | - | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -102.7% | -1312.7% | -162.9% | -34.5% | -190144300.0% | -980.4% |
| Return on equity | 143.2% | 4055.9% | 995.3% | 5.3% | 102.8% | 92.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.39 | 0.15 | 0.03 | 0.00 | 0.00 | 0.00 |
| Quick ratio | 0.33 | 0.15 | 0.03 | 0.00 | 0.00 | 0.00 |
| Cash ratio | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | -13.7x | -9.6x | -11.8x | -34.0x | -305.4x |
| Equity multiplier | -1.39 | -3.09 | -6.11 | -0.15 | -0.00 | -0.09 |
| Liabilities / Assets | 1.72 | 1.32 | 1.16 | 7.57 | - | - |
| Efficiency | ||||||
| Asset turnover | 2.10 | 0.69 | 0.09 | - | - | - |
| Inventory turnover | 16.91 | 66.47 | - | - | - | - |
| Days sales outstanding | 82d | 20d | 83d | - | - | - |
| Days inventory outstanding | 22d | 5d | - | - | - | - |
| Days payable outstanding | - | - | 261d | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 1043.7% | 613.4% | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 789.1% | 3033.7% | - | - | - | - |
| Operating income growth (YoY) | 85.8% | -602.2% | -651.4% | 27.1% | 2.5% | 61.5% |
| Net income growth (YoY) | 70.7% | -668.8% | -2409.0% | 96.6% | -52.1% | -21.0% |
| EPS growth (YoY) | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -728.6% | -88.7% | 86.8% | 32.8% | -36.9% | -253.3% |
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-5.85
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Investors, NEC
Comparing FOMO WORLDWIDE against the 5 most active filers in the same SIC group.