PIXY · Shiftpixy, 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 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.13M | $3.81M | $5.30M | $3.99M | $4.58M | $5.27M | $9.47M | $10.44M | $8.94M | $2.65M |
| Cost of Revenue | $3.89M | $3.59M | $4.84M | - | - | - | - | - | - | $3.10M |
| Gross Profit | $243.0K | $222.0K | $450.0K | $200.0K | $484.0K | $421.0K | $604.0K | ($61.0K) | $695.0K | ($447.0K) |
| R&D | - | - | - | $200.0K | $100.0K | $2.20M | $1.00M | $1.90M | $2.20M | - |
| SG&A | $1.99M | $3.02M | $4.63M | $3.07M | $1.76M | $1.97M | $2.63M | $2.01M | $1.93M | $1.31M |
| Total Operating Expenses | $4.25M | $4.93M | $8.48M | $6.64M | $5.51M | $5.64M | $13.32M | $8.91M | $9.28M | $7.56M |
| D&A | $138.0K | $140.0K | $141.0K | $148.0K | $150.0K | $149.0K | $133.0K | $130.0K | $123.0K | $120.0K |
| Operating Income | ($4.00M) | ($4.70M) | ($8.03M) | ($6.45M) | ($5.03M) | ($5.22M) | ($12.72M) | ($8.98M) | ($8.58M) | ($8.00M) |
| Interest Expense | $423.0K | - | - | $550.0K | $239.0K | $0 | $1.0K | $1.0K | $1.0K | $3.0K |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($7.46M) | ($4.70M) | ($5.55M) | ($7.46M) | ($9.50M) | ($5.42M) | ($7.53M) | ($17.23M) | ($8.71M) | ($7.98M) |
| EPS - Basic | - | - | - | - | ($0.59) | ($13.90) | ($0.34) | ($0.19) | ($0.22) | ($0.22) |
| EPS - Diluted | - | - | - | - | ($0.59) | ($13.90) | ($0.34) | ($0.55) | ($0.22) | ($0.22) |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $360.0K | $21.0K | $1.49M | $75.0K | $818.0K | $864.0K | $618.0K | $3.35M | $1.72M | $1.20M |
| Accounts Receivable | - | - | - | $590.0K | $745.0K | $238.0K | $279.0K | $381.0K | $400.0K | $498.0K |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | $6.50M | - | - | $8.57M | - | - | - |
| Current Assets | $2.11M | $2.26M | $4.73M | $3.82M | $4.23M | $122.35M | $120.85M | $7.78M | $6.33M | $5.68M |
| Total Assets | $4.09M | $4.48M | $7.17M | $6.50M | $11.78M | $130.25M | $128.62M | $140.00M | $170.38M | $62.94M |
| Current Liabilities | $62.38M | $61.17M | $59.10M | $54.84M | $39.54M | $154.38M | $152.07M | $22.68M | $18.31M | $16.61M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $62.64M | $63.49M | $61.66M | $57.63M | $47.50M | $162.42M | $160.11M | $34.00M | $23.26M | $22.02M |
| Stockholders' Equity | ($58.55M) | ($59.01M) | ($54.48M) | ($51.13M) | ($35.72M) | ($41.66M) | ($40.99M) | ($20.22M) | ($17.08M) | ($6.55M) |
| Retained Earnings | ($241.03M) | ($236.60M) | ($231.90M) | ($226.35M) | ($203.92M) | ($198.15M) | ($192.72M) | ($166.94M) | ($158.05M) | ($149.34M) |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($603.0K) | - | - | ($3.74M) | - | - | ($6.67M) | - |
| Investing Cash Flow | - | - | $5.0K | - | - | ($400.0K) | - | - | ($117.07M) | - |
| Financing Cash Flow | - | - | $2.02M | - | - | $4.39M | - | - | $124.27M | - |
| CapEx | - | - | $7.0K | - | - | $400.0K | - | - | $349.0K | - |
| Free Cash Flow | - | - | ($610.0K) | - | - | ($4.14M) | - | - | ($7.02M) | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 | Q3 '22 | Q2 '22 | Q1 '22 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 5.9% | 5.8% | 8.5% | 5.0% | 10.6% | 8.0% | 6.4% | -0.6% | 7.8% | -16.9% |
| Operating margin | -96.8% | -123.4% | -151.5% | -161.6% | -109.7% | -99.2% | -134.3% | -86.0% | -96.0% | -302.3% |
| EBITDA margin | -93.5% | -119.7% | -148.8% | -157.9% | -106.5% | -96.4% | -132.9% | -84.8% | -94.6% | -297.7% |
| Net margin | -180.3% | -123.4% | -104.7% | -186.9% | -207.4% | -103.0% | -79.5% | -165.1% | -97.5% | -301.5% |
| Free cash flow margin | - | - | -11.5% | - | - | -78.7% | - | - | -78.6% | - |
| FCF / Net income | - | - | 0.11 | - | - | 0.76 | - | - | 0.81 | - |
| R&D / Revenue | - | - | - | 5.0% | 2.2% | 41.8% | 10.6% | 18.2% | 24.6% | - |
| SG&A / Revenue | 48.1% | 79.1% | 87.3% | 77.1% | 38.5% | 37.4% | 27.8% | 19.3% | 21.6% | 49.4% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -182.3% | -105.1% | -77.3% | -114.7% | -80.6% | -4.2% | -5.9% | -12.3% | -5.1% | -12.7% |
| Return on equity | 12.7% | 8.0% | 10.2% | 14.6% | 26.6% | 13.0% | 18.4% | 85.2% | 51.0% | 121.9% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.03 | 0.04 | 0.08 | 0.07 | 0.11 | 0.79 | 0.79 | 0.34 | 0.35 | 0.34 |
| Quick ratio | 0.03 | 0.04 | 0.08 | 0.07 | 0.11 | 0.79 | 0.79 | 0.34 | 0.35 | 0.34 |
| Cash ratio | 0.01 | 0.00 | 0.03 | 0.00 | 0.02 | 0.01 | 0.00 | 0.15 | 0.09 | 0.07 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -9.5x | - | - | -11.7x | -21.0x | - | -12721.0x | -8976.0x | -8583.0x | -2668.0x |
| Equity multiplier | -0.07 | -0.08 | -0.13 | -0.13 | -0.33 | -3.13 | -3.14 | -6.92 | -9.98 | -9.61 |
| Liabilities / Assets | 15.31 | 14.18 | 8.59 | 8.87 | 4.03 | 1.25 | 1.24 | 0.24 | 0.14 | 0.35 |
| Efficiency | ||||||||||
| Asset turnover | 1.01 | 0.85 | 0.74 | 0.61 | 0.39 | 0.04 | 0.07 | 0.07 | 0.05 | 0.04 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | 54d | 59d | 16d | 11d | 13d | 16d | 69d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.7% | -16.7% | 0.6% | -57.9% | -56.1% | -41.1% | 257.8% | 331.5% | 257.2% | 31.5% |
| Revenue CAGR (3y) | 16.0% | 16.4% | 28.4% | 25.6% | 21.0% | -30.8% | -12.8% | -7.5% | -5.3% | -34.4% |
| Revenue CAGR (5y) | -22.0% | -22.0% | -12.8% | -15.7% | -10.3% | -4.2% | 15.4% | - | - | - |
| Gross profit growth (YoY) | 21.5% | -54.1% | 6.9% | -66.9% | - | -39.4% | - | - | 35.5% | - |
| Operating income growth (YoY) | 37.9% | 6.4% | -53.7% | 49.3% | 44.0% | 39.1% | -58.9% | -50.6% | -52.7% | -75.8% |
| Net income growth (YoY) | 0.0% | 50.5% | -2.3% | 1.0% | 44.9% | 37.8% | 5.7% | -178.6% | -25.6% | 89.1% |
| EPS growth (YoY) | - | - | - | - | -7.3% | -6218.2% | -54.5% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 85.3% | - | - | 41.0% | - | - | -30.8% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -14.5% | -65.2% | -30.8% | -24.7% | -76.6% | -143.9% | -525.9% | -1175.8% | - | -21730.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-08-31.
Product / service
$17.10M totalStaffing Services$15.50M · 90.6%
Human Capital Management Services$1.60M · 9.4%
Peer comparison
Same SIC group: Services-Employment Agencies
Comparing ShiftPixy against the 4 most active filers in the same SIC group.