NETC · Nabors Energy Transition Corp. - 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 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - |
| SG&A | $664.1K | $1.66M | $3.72M | - | $214.4K | $69.5K | $256.8K | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - |
| Operating Income | ($664.1K) | ($1.66M) | ($3.72M) | - | ($214.4K) | ($69.5K) | ($256.8K) | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - |
| Income Tax | $276.8K | $418.8K | $629.6K | - | $224.0K | $0 | $0 | - | - |
| Net Income | $427.4K | ($35.7K) | ($1.30M) | - | $790.6K | ($69.5K) | ($231.5K) | - | - |
| EPS - Basic | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $82.5K | $765.3K | $319.1K | $500.0K | $626.6K | $706.4K | $2.51M | $2.51M | $0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - |
| Current Assets | $188.6K | $952.8K | $600.4K | $843.5K | $1.10M | $1.27M | $2.51M | - | - |
| Total Assets | $107.05M | $106.40M | $291.07M | $285.68M | $284.23M | $283.21M | $283.19M | - | - |
| Current Liabilities | $5.12M | $5.32M | $3.77M | $333.9K | $456.0K | $221.6K | $830.1K | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $11.01M | $10.78M | $8.49M | $11.46M | $10.73M | $10.50M | $11.11M | - | - |
| Stockholders' Equity | ($10.64M) | ($9.41M) | ($6.87M) | ($10.26M) | ($8.02M) | ($8.81M) | ($8.83M) | - | - |
| Retained Earnings | ($10.64M) | ($9.41M) | ($6.87M) | ($10.26M) | ($8.02M) | ($8.81M) | ($8.60M) | - | - |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($325.6K) | - | - | - | ($1.49M) | - | - |
| Investing Cash Flow | - | - | ($2.58M) | - | - | - | ($25.3K) | - | - |
| Financing Cash Flow | - | - | $2.76M | - | - | - | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|
| Profitability | |||||||||
| Gross margin | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 39.3% | 109.3% | - | - | 22.1% | - | - | - | - |
| Return on assets | 0.4% | -0.0% | -0.4% | - | 0.3% | -0.0% | -0.1% | - | - |
| Return on equity | -4.0% | 0.4% | 18.9% | - | -9.9% | 0.8% | 2.6% | - | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - |
| Liquidity | |||||||||
| Current ratio | 0.04 | 0.18 | 0.16 | 2.53 | 2.40 | 5.73 | 3.02 | - | - |
| Quick ratio | 0.04 | 0.18 | 0.16 | 2.53 | 2.40 | 5.73 | 3.02 | - | - |
| Cash ratio | 0.02 | 0.14 | 0.08 | 1.50 | 1.37 | 3.19 | 3.02 | - | - |
| Leverage | |||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -10.06 | -11.31 | -42.35 | -27.85 | -35.44 | -32.15 | -32.08 | - | - |
| Liabilities / Assets | 0.10 | 0.10 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | - | - |
| 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) | -209.7% | -2290.5% | -1347.8% | - | - | - | - | - | - |
| Net income growth (YoY) | -45.9% | 48.7% | -461.4% | - | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -32.7% | -6.8% | 22.1% | - | - | - | - | - | - |
Peer comparison
Same SIC group: Blank Checks
Comparing Nabors Energy Transition Corp. against the 5 most active filers in the same SIC group.