RMO · Romeo Power, 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Revenue | $16.80M | $8.97M | - | - |
| Cost of Revenue | $17.96M | $17.96M | - | - |
| Gross Profit | ($21.35M) | ($8.99M) | - | - |
| R&D | $15.26M | $8.00M | - | - |
| SG&A | $80.69M | $17.34M | $893.1K | - |
| Total Operating Expenses | $95.95M | $25.33M | - | - |
| D&A | $2.79M | $1.99M | - | - |
| Operating Income | ($117.30M) | ($34.32M) | ($1.09M) | - |
| Interest Expense | $44.0K | $1.11M | - | - |
| Income Tax | $7.0K | $2.0K | $797.3K | - |
| Net Income | $10.03M | ($7.62M) | $2.09M | - |
| EPS - Basic | $0.08 | ($0.10) | - | - |
| EPS - Diluted | $0.07 | ($0.10) | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Cash & Equivalents | $22.64M | $292.44M | $234.41M | $0 |
| Accounts Receivable | $8.38M | $307.0K | - | - |
| Inventory | $37.13M | $6.67M | - | - |
| Accounts Payable | $11.72M | $2.90M | $133.6K | $21.2K |
| Current Assets | $175.28M | $305.49M | $1.35M | $69.2K |
| Total Assets | $335.45M | $356.04M | $234.58M | $481.1K |
| Current Liabilities | $23.12M | $16.06M | $471.6K | $158.7K |
| Long-term Debt | $0 | $5.22M | - | - |
| Total Liabilities | $56.30M | $160.34M | $8.97M | $458.7K |
| Stockholders' Equity | $279.15M | $195.70M | $0 | $22.4K |
| Retained Earnings | ($171.54M) | ($177.44M) | $250.2K | ($2.6K) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Operating Cash Flow | ($193.58M) | ($29.88M) | ($1.22M) | - |
| Investing Cash Flow | ($114.21M) | ($36.33M) | $3.57M | - |
| Financing Cash Flow | $39.49M | $358.22M | $232.03M | - |
| CapEx | $10.42M | $1.32M | - | - |
| Free Cash Flow | ($204.00M) | ($31.20M) | - | - |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | -127.0% | -100.2% | - | - |
| Operating margin | -698.0% | -382.5% | - | - |
| EBITDA margin | -681.4% | -360.3% | - | - |
| Net margin | 59.7% | -84.9% | - | - |
| Free cash flow margin | -1214.0% | -347.7% | - | - |
| FCF / Net income | -20.34 | 4.10 | - | - |
| R&D / Revenue | 90.8% | 89.1% | - | - |
| SG&A / Revenue | 480.2% | 193.2% | - | - |
| Effective tax rate | 0.1% | - | 27.7% | - |
| Return on assets | 3.0% | -2.1% | 0.9% | - |
| Return on equity | 3.6% | -3.9% | - | - |
| Return on invested capital | -42.0% | -13.5% | - | - |
| Liquidity | ||||
| Current ratio | 7.58 | 19.03 | 2.87 | 0.44 |
| Quick ratio | 5.98 | 18.61 | 2.87 | 0.44 |
| Cash ratio | 0.98 | 18.21 | 497.03 | 0.00 |
| Leverage | ||||
| Debt / Equity | 0.00 | 0.03 | - | - |
| Debt / Assets | 0.00 | 0.01 | - | - |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | -2665.8x | -30.9x | - | - |
| Equity multiplier | 1.20 | 1.82 | - | 21.44 |
| Liabilities / Assets | 0.17 | 0.45 | 0.04 | 0.95 |
| Efficiency | ||||
| Asset turnover | 0.05 | 0.03 | - | - |
| Inventory turnover | 0.48 | 2.69 | - | - |
| Days sales outstanding | 182d | 12d | - | - |
| Days inventory outstanding | 754d | 136d | - | - |
| Days payable outstanding | 238d | 59d | - | - |
| Cash conversion cycle | 698d | 89d | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | 87.3% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | -137.4% | - | - | - |
| Operating income growth (YoY) | -241.7% | -3040.2% | - | - |
| Net income growth (YoY) | - | - | - | - |
| EPS growth (YoY) | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | -553.8% | - | - | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | 42.6% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$16.80M totalProduct$12.39M · 73.7%
Service$4.41M · 26.3%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
0.94
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 2021 · 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: Motor Vehicle Parts & Accessories
Comparing Romeo Power against the 5 most active filers in the same SIC group.