KSPN · Kaspien Holdings 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 | $128.23M | $143.71M | $158.34M | $325.94M | $437.17M | $442.86M |
| Cost of Revenue | $103.84M | $110.94M | $142.04M | $229.84M | $290.12M | $299.01M |
| Gross Profit | $24.39M | $32.77M | $16.30M | $96.10M | $128.07M | $143.84M |
| R&D | - | - | - | - | - | - |
| SG&A | $39.81M | $42.39M | $22.03M | $129.29M | $165.22M | $167.92M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $1.23M | $1.36M | $1.11M | $11.46M | $5.23M | $10.27M |
| Operating Income | ($15.42M) | ($9.62M) | ($5.72M) | ($57.17M) | ($96.81M) | ($51.40M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $43.0K | $27.0K | ($3.54M) | $321.0K | $80.0K | ($299.0K) |
| Net Income | ($19.04M) | ($8.03M) | ($3.89M) | ($58.74M) | ($97.38M) | ($42.55M) |
| EPS - Basic | ($5.47) | ($3.28) | ($32.35) | - | - | - |
| EPS - Diluted | ($5.47) | ($3.28) | ($32.35) | - | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.13M | $1.22M | $1.81M | $2.98M | $4.36M | $31.33M |
| Accounts Receivable | $1.17M | $2.33M | $2.72M | $4.20M | $5.38M | $4.47M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $7.04M | $6.27M | $8.89M | $24.12M | $34.33M | $41.78M |
| Current Assets | $31.96M | $34.64M | $30.79M | $80.06M | $115.36M | $153.39M |
| Total Assets | $40.74M | $46.68M | $45.29M | $97.81M | $138.01M | $247.91M |
| Current Liabilities | $19.43M | $19.25M | $20.03M | $57.94M | $49.42M | $60.56M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $41.84M | $39.40M | $43.80M | $93.29M | $74.28M | $89.69M |
| Stockholders' Equity | ($1.10M) | $7.29M | $1.49M | $4.51M | $63.73M | $158.21M |
| Retained Earnings | ($139.94M) | ($120.89M) | ($112.86M) | ($108.97M) | ($50.23M) | $47.61M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($11.28M) | ($14.53M) | ($13.39M) | ($15.83M) | ($25.52M) | ($13.0K) |
| Investing Cash Flow | ($898.0K) | ($1.43M) | $10.59M | ($2.70M) | ($2.34M) | $4.48M |
| Financing Cash Flow | $10.98M | $14.23M | $505.0K | $13.15M | ($1.42M) | ($5.04M) |
| CapEx | $898.0K | $1.43M | $1.19M | $2.82M | $3.69M | $8.41M |
| Free Cash Flow | ($12.18M) | ($15.96M) | ($14.58M) | ($18.65M) | ($29.21M) | ($8.42M) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 19.0% | 22.8% | 10.3% | 29.5% | 29.3% | 32.5% |
| Operating margin | -12.0% | -6.7% | -3.6% | -17.5% | -22.1% | -11.6% |
| EBITDA margin | -11.1% | -5.7% | -2.9% | -14.0% | -20.9% | -9.3% |
| Net margin | -14.9% | -5.6% | -2.5% | -18.0% | -22.3% | -9.6% |
| Free cash flow margin | -9.5% | -11.1% | -9.2% | -5.7% | -6.7% | -1.9% |
| FCF / Net income | 0.64 | 1.99 | 3.75 | 0.32 | 0.30 | 0.20 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 31.0% | 29.5% | 13.9% | 39.7% | 37.8% | 37.9% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -46.7% | -17.2% | -8.6% | -60.1% | -70.6% | -17.2% |
| Return on equity | 1729.7% | -110.2% | -261.4% | -1301.1% | -152.8% | -26.9% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.65 | 1.80 | 1.54 | 1.38 | 2.33 | 2.53 |
| Quick ratio | 1.65 | 1.80 | 1.54 | 1.38 | 2.33 | 2.53 |
| Cash ratio | 0.06 | 0.06 | 0.09 | 0.05 | 0.09 | 0.52 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | -37.00 | 6.41 | 30.42 | 21.66 | 2.17 | 1.57 |
| Liabilities / Assets | 1.03 | 0.84 | 0.97 | 0.95 | 0.54 | 0.36 |
| Efficiency | ||||||
| Asset turnover | 3.15 | 3.08 | 3.50 | 3.33 | 3.17 | 1.79 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 3d | 6d | 6d | 5d | 4d | 4d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 25d | 21d | 23d | 38d | 43d | 51d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | -10.8% | -9.2% | -51.4% | -25.4% | -1.3% | 21.9% |
| Revenue CAGR (3y) | -26.7% | -31.0% | -29.0% | -3.5% | - | - |
| Revenue CAGR (5y) | -22.0% | -16.9% | - | - | - | - |
| Gross profit growth (YoY) | -25.6% | 101.0% | -83.0% | -25.0% | -11.0% | 2.2% |
| Operating income growth (YoY) | -60.4% | -68.0% | 90.0% | 40.9% | -88.3% | - |
| Net income growth (YoY) | -137.1% | -106.3% | 93.4% | 39.7% | -128.8% | - |
| EPS growth (YoY) | -66.8% | 89.9% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 23.7% | -9.5% | 21.8% | 36.1% | -246.9% | 58.4% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | 389.3% | -67.0% | -92.9% | -59.7% | -20.1% |
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-0.73
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
2/9
Weak
- ✗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