OIG · Orbital Infrastructure Group, 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 | - | - | - | $23.49M | $96.79M | $83.28M |
| Cost of Revenue | $328.32M | $78.63M | $31.32M | $17.68M | $67.88M | $55.41M |
| Gross Profit | ($6.10M) | $4.32M | $7.10M | $5.81M | $28.91M | $27.87M |
| R&D | - | - | $45.0K | $139.0K | $2.80M | $2.52M |
| SG&A | $47.43M | $50.02M | $29.39M | $20.06M | $36.34M | $33.92M |
| Total Operating Expenses | $181.48M | $57.11M | $35.85M | $21.86M | $45.69M | $41.80M |
| D&A | $33.84M | $12.91M | $5.24M | $2.36M | $3.00M | $2.85M |
| Operating Income | ($187.58M) | ($52.79M) | ($28.75M) | ($16.05M) | ($16.78M) | ($13.93M) |
| Interest Expense | $37.81M | $8.34M | $1.30M | $61.0K | $502.0K | $500.0K |
| Income Tax | $846.0K | ($10.51M) | ($3.55M) | ($2.96M) | ($206.0K) | ($1.61M) |
| Net Income | ($276.19M) | ($61.25M) | ($27.45M) | ($1.13M) | ($17.32M) | ($12.59M) |
| EPS - Basic | ($1.05) | - | - | - | ($0.61) | ($0.56) |
| EPS - Diluted | - | - | - | - | ($0.61) | ($0.56) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $21.49M | $26.86M | $3.05M | $23.35M | $3.98M | $12.65M |
| Accounts Receivable | $52.65M | $48.75M | $8.49M | $5.29M | $14.42M | $10.83M |
| Inventory | $1.69M | $1.33M | $1.12M | $1.63M | $13.04M | $13.89M |
| Accounts Payable | $41.33M | $10.11M | $9.91M | $2.90M | $6.48M | $5.11M |
| Current Assets | $102.35M | $101.71M | $24.80M | $41.69M | $35.48M | $41.28M |
| Total Assets | $271.57M | $412.34M | $66.05M | $64.16M | $70.17M | $87.91M |
| Current Liabilities | $292.87M | $134.99M | $37.08M | $15.99M | $18.59M | $18.91M |
| Long-term Debt | $245.24M | $229.38M | $17.30M | $473.0K | $5.30M | $8.65M |
| Total Liabilities | $416.31M | $316.07M | $48.90M | $21.04M | $28.63M | $30.42M |
| Stockholders' Equity | ($140.71M) | $96.23M | $17.15M | $43.12M | $41.54M | $57.49M |
| Retained Earnings | ($487.12M) | ($210.93M) | ($149.68M) | ($122.23M) | ($123.99M) | ($108.56M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($19.63M) | ($45.68M) | ($15.03M) | ($11.52M) | ($12.28M) | ($601.0K) |
| Investing Cash Flow | ($10.18M) | ($142.03M) | ($7.91M) | $33.39M | $5.15M | ($1.65M) |
| Financing Cash Flow | $24.16M | $211.21M | $4.00M | ($3.06M) | ($1.24M) | ($185.0K) |
| CapEx | $4.51M | $7.78M | $1.70M | $321.0K | $1.04M | $893.0K |
| Free Cash Flow | ($24.14M) | ($53.45M) | ($16.73M) | ($11.84M) | ($13.32M) | ($1.49M) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | 24.7% | 29.9% | 33.5% |
| Operating margin | - | - | - | -68.3% | -17.3% | -16.7% |
| EBITDA margin | - | - | - | -58.2% | -14.2% | -13.3% |
| Net margin | - | - | - | -4.8% | -17.9% | -15.1% |
| Free cash flow margin | - | - | - | -50.4% | -13.8% | -1.8% |
| FCF / Net income | 0.09 | 0.87 | 0.61 | 10.49 | 0.77 | 0.12 |
| R&D / Revenue | - | - | - | 0.6% | 2.9% | 3.0% |
| SG&A / Revenue | - | - | - | 85.4% | 37.5% | 40.7% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -101.7% | -14.9% | -41.6% | -1.8% | -24.7% | -14.3% |
| Return on equity | 196.3% | -63.7% | -160.1% | -2.6% | -41.7% | -21.9% |
| Return on invested capital | -141.8% | -12.8% | -65.9% | -29.1% | -28.3% | -16.6% |
| Liquidity | ||||||
| Current ratio | 0.35 | 0.75 | 0.67 | 2.61 | 1.91 | 2.18 |
| Quick ratio | 0.34 | 0.74 | 0.64 | 2.50 | 1.21 | 1.45 |
| Cash ratio | 0.07 | 0.20 | 0.08 | 1.46 | 0.21 | 0.67 |
| Leverage | ||||||
| Debt / Equity | -1.74 | 2.38 | 1.01 | 0.01 | 0.13 | 0.15 |
| Debt / Assets | 0.90 | 0.56 | 0.26 | 0.01 | 0.08 | 0.10 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -5.0x | -6.3x | -22.1x | -263.0x | -33.4x | -27.9x |
| Equity multiplier | -1.93 | 4.29 | 3.85 | 1.49 | 1.69 | 1.53 |
| Liabilities / Assets | 1.53 | 0.77 | 0.74 | 0.33 | 0.41 | 0.35 |
| Efficiency | ||||||
| Asset turnover | - | - | - | 0.37 | 1.38 | 0.95 |
| Inventory turnover | 194.16 | 58.90 | 27.89 | 10.84 | 5.20 | 3.99 |
| Days sales outstanding | - | - | - | 82d | 54d | 47d |
| Days inventory outstanding | 2d | 6d | 13d | 34d | 70d | 92d |
| Days payable outstanding | 46d | 47d | 116d | 60d | 35d | 34d |
| Cash conversion cycle | - | - | - | 56d | 90d | 105d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | -75.7% | 16.2% | -3.7% |
| Revenue CAGR (3y) | - | - | - | -35.2% | 3.8% | 3.1% |
| Revenue CAGR (5y) | - | - | - | -20.9% | 9.8% | 15.2% |
| Gross profit growth (YoY) | - | -39.2% | 22.1% | -79.9% | 3.7% | -13.6% |
| Operating income growth (YoY) | -255.3% | -83.6% | -79.2% | 4.4% | -20.5% | -114.0% |
| Net income growth (YoY) | -350.9% | -123.2% | -2331.1% | 93.5% | -37.6% | -73.3% |
| EPS growth (YoY) | - | - | - | - | -8.9% | -60.0% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 54.8% | -219.6% | -41.3% | 11.2% | -791.9% | 6.4% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | 461.2% | -60.2% | 3.8% | -27.7% | 18.2% |
Stability scores
Piotroski F-score
FY 2022 · 9-point quality
1/9
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
Peer comparison
Same SIC group: Wholesale-Electronic Parts & Equipment, NEC
Comparing Orbital Infrastructure Group against the 5 most active filers in the same SIC group.