SRAX · Srax, 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 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.90M | $4.01M | - | $5.31M | $7.72M | $7.50M | - | $8.31M | $7.68M | $5.44M |
| Cost of Revenue | $138.0K | $149.0K | - | $942.0K | $3.95M | $2.80M | - | $1.80M | $1.45M | $1.65M |
| Gross Profit | $1.76M | $3.87M | - | $4.37M | $3.77M | $4.70M | - | $6.51M | $6.22M | $3.79M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $3.18M | $2.97M | - | - | - | $1.86M | - | $984.0K | $2.11M | $1.06M |
| Total Operating Expenses | $2.31M | $3.12M | - | $4.45M | $6.24M | - | - | $8.11M | $7.29M | $5.22M |
| D&A | $199.0K | $187.0K | - | - | - | $18.0K | - | - | - | $18.0K |
| Operating Income | ($408.0K) | $890.0K | - | $860.0K | $389.0K | ($1.33M) | - | ($1.60M) | ($1.07M) | ($1.43M) |
| Interest Expense | $1.26M | $299.0K | - | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($6.02M) | $2.63M | - | ($3.82M) | ($23.03M) | $3.73M | - | ($3.83M) | ($5.74M) | ($11.09M) |
| EPS - Basic | ($0.21) | $0.09 | - | ($0.14) | ($0.88) | $0.14 | - | - | - | - |
| EPS - Diluted | ($0.88) | $0.07 | - | ($0.15) | - | ($0.57) | - | - | - | - |
Balance Sheet
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | - | $765.0K | $7.0K | $116.0K | $1.35M | - | $1.35M | $6.82M | $10.06M | $13.51M |
| Accounts Receivable | $64.0K | $98.0K | $157.0K | $319.0K | $351.0K | $1.04M | $821.0K | $1.38M | $2.17M | $3.31M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $6.26M | $5.99M | $7.48M | - | - | - | $1.94M | - | - | - |
| Current Assets | $2.79M | $8.56M | $8.85M | $4.42M | $6.56M | $36.24M | $22.98M | $33.67M | $37.49M | $35.90M |
| Total Assets | $4.90M | $14.51M | $18.07M | $30.63M | $33.06M | $56.97M | $43.68M | $60.31M | $64.31M | $62.87M |
| Current Liabilities | $11.76M | $14.19M | $21.72M | $31.43M | $32.16M | $32.16M | $22.82M | $26.54M | $21.75M | $18.96M |
| Long-term Debt | $4.82M | $7.35M | $7.42M | - | - | - | - | - | - | - |
| Total Liabilities | $16.16M | $19.81M | $27.32M | $31.43M | $32.20M | $32.24M | $22.93M | $26.82M | $22.06M | $19.30M |
| Stockholders' Equity | ($11.26M) | ($5.30M) | ($9.25M) | ($807.0K) | $863.0K | $24.73M | $20.75M | $22.88M | $30.87M | $32.08M |
| Retained Earnings | ($65.38M) | ($59.37M) | ($61.99M) | ($53.48M) | ($49.66M) | ($26.63M) | ($30.36M) | ($71.00M) | ($67.17M) | ($61.43M) |
Cash Flow
| Line item | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($5.11M) | - | - | - | ($5.33M) | - | - | - | ($6.17M) |
| Investing Cash Flow | - | $5.94M | - | - | - | $1.28M | - | - | - | $2.00M |
| Financing Cash Flow | - | ($70.0K) | - | - | - | $3.05M | - | - | - | $17.23M |
| CapEx | - | - | - | - | - | $16.0K | - | - | - | $32.0K |
| Free Cash Flow | - | - | - | - | - | ($5.34M) | - | - | - | ($6.20M) |
Ratios
| Metric | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 92.7% | 96.3% | - | 82.3% | 48.8% | 62.7% | - | 78.3% | 81.1% | 69.7% |
| Operating margin | -21.4% | 22.2% | - | 16.2% | 5.0% | -17.7% | - | -19.2% | -13.9% | -26.2% |
| EBITDA margin | -11.0% | 26.8% | - | - | - | -17.5% | - | - | - | -25.9% |
| Net margin | -316.2% | 65.4% | - | -71.9% | -298.2% | 49.7% | - | -46.1% | -74.8% | -203.8% |
| Free cash flow margin | - | - | - | - | - | -71.3% | - | - | - | -113.9% |
| FCF / Net income | - | - | - | - | - | -1.43 | - | - | - | 0.56 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 167.2% | 73.9% | - | - | - | 24.7% | - | 11.8% | 27.5% | 19.4% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -122.8% | 18.1% | - | -12.5% | -69.7% | 6.5% | - | -6.3% | -8.9% | -17.6% |
| Return on equity | 53.5% | -49.5% | - | 473.2% | -2668.6% | 15.1% | - | -16.7% | -18.6% | -34.6% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.24 | 0.60 | 0.41 | 0.14 | 0.20 | 1.13 | 1.01 | 1.27 | 1.72 | 1.89 |
| Quick ratio | 0.24 | 0.60 | 0.41 | 0.14 | 0.20 | 1.13 | 1.01 | 1.27 | 1.72 | 1.89 |
| Cash ratio | - | 0.05 | 0.00 | 0.00 | 0.04 | - | 0.06 | 0.26 | 0.46 | 0.71 |
| Leverage | ||||||||||
| Debt / Equity | -0.43 | -1.39 | -0.80 | - | - | - | - | - | - | - |
| Debt / Assets | 0.98 | 0.51 | 0.41 | - | - | - | - | - | - | - |
| Debt / EBITDA | - | 6.82 | - | - | - | - | - | - | - | - |
| Interest coverage | -0.3x | 3.0x | - | - | - | - | - | - | - | - |
| Equity multiplier | -0.44 | -2.74 | -1.95 | -37.95 | 38.31 | 2.30 | 2.11 | 2.64 | 2.08 | 1.96 |
| Liabilities / Assets | 3.30 | 1.37 | 1.51 | 1.03 | 0.97 | 0.57 | 0.53 | 0.44 | 0.34 | 0.31 |
| Efficiency | ||||||||||
| Asset turnover | 0.39 | 0.28 | - | 0.17 | 0.23 | 0.13 | - | 0.14 | 0.12 | 0.09 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 12d | 9d | - | 22d | 17d | 51d | - | 60d | 103d | 222d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 16557d | 14669d | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -75.4% | -46.5% | - | -36.1% | 0.6% | 37.8% | - | 218.6% | 749.2% | 1450.4% |
| Revenue CAGR (3y) | 28.2% | 125.3% | - | 74.4% | 104.4% | 133.1% | - | 60.4% | 17.8% | 37.1% |
| Revenue CAGR (5y) | -16.5% | 13.7% | - | -0.9% | 5.2% | 7.1% | - | -2.7% | -3.7% | -0.1% |
| Gross profit growth (YoY) | -53.2% | -17.8% | - | -32.9% | -39.4% | 24.0% | - | 276.5% | 709.4% | 1486.6% |
| Operating income growth (YoY) | - | - | - | - | - | 6.9% | - | 35.5% | 67.1% | 63.2% |
| Net income growth (YoY) | 73.9% | -29.5% | - | 0.3% | -301.2% | - | - | 41.7% | -7.9% | -269.3% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | 13.8% | - | - | - | -120.0% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | -97.2% | -22.9% | 7.9% | 27.8% | 93.6% | 223.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Product / service
$27.86M totalSequire Saa SPlatform Revenue$25.11M · 90.1%
LDMicro Inc Conference Revenue$2.75M · 9.9%
Peer comparison
Same SIC group: Services-Advertising Agencies
Comparing SRAX against the 5 most active filers in the same SIC group.