TBLT · Toughbuilt Industries, 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 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $20.63M | $18.88M | $20.21M | - | $30.25M | $17.89M | $17.22M | - | $17.22M |
| Cost of Revenue | - | $15.72M | $13.04M | $16.66M | - | $22.33M | $12.94M | $14.22M | - | $11.77M |
| Gross Profit | - | $4.91M | $5.84M | $3.56M | - | $7.92M | $4.95M | $3.00M | - | $5.44M |
| R&D | - | $2.92M | $2.91M | $3.53M | - | $2.78M | $2.75M | $2.51M | - | $1.61M |
| SG&A | - | $12.57M | $14.97M | $15.09M | - | $14.68M | $14.50M | $15.93M | - | $15.24M |
| Total Operating Expenses | - | $15.49M | $17.88M | $18.62M | - | $17.46M | $17.25M | $18.45M | - | $16.85M |
| D&A | - | - | - | $1.15M | - | $1.16M | $1.00M | $933.7K | - | $552.5K |
| Operating Income | - | ($10.58M) | ($12.04M) | ($15.06M) | - | ($9.54M) | ($12.30M) | ($15.44M) | - | ($11.41M) |
| Interest Expense | - | $548.4K | $92.4K | - | - | - | - | - | - | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | - | ($14.25M) | ($5.73M) | ($8.28M) | - | $8.01M | ($12.14M) | ($12.10M) | - | ($9.09M) |
| EPS - Basic | - | ($29.90) | ($23.40) | ($36.40) | - | ($3.25) | ($886.60) | - | - | - |
| EPS - Diluted | - | ($29.90) | ($23.40) | ($36.40) | - | $726.70 | ($614.25) | - | - | - |
Balance Sheet
| Line item | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.15M | $1.83M | $2.21M | $2.36M | $2.56M | $1.59M | $2.14M | $936.8K | $7.47M | $31.19M |
| Accounts Receivable | $10.24M | $8.99M | $7.82M | $12.47M | $16.81M | $23.40M | $15.04M | $15.06M | $18.18M | $17.04M |
| Inventory | $21.94M | $28.07M | $31.41M | $32.66M | $40.37M | $40.01M | $40.16M | $41.34M | $38.43M | $31.32M |
| Accounts Payable | $46.95M | $41.09M | $36.86M | $34.98M | $29.67M | $29.10M | $31.40M | $21.95M | $14.44M | $12.14M |
| Current Assets | $33.50M | $39.44M | $41.49M | $48.42M | $60.11M | $67.86M | $59.90M | $58.41M | $64.87M | $80.59M |
| Total Assets | $51.79M | $64.53M | $67.55M | $73.91M | $83.92M | $92.90M | $82.87M | $77.46M | $78.95M | $90.98M |
| Current Liabilities | $60.12M | $53.25M | $47.68M | $49.14M | $50.73M | $39.37M | $37.75M | $28.28M | $21.06M | $18.15M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $61.51M | $56.26M | $51.06M | $52.36M | $54.21M | $43.09M | $41.55M | $29.73M | $21.06M | $18.15M |
| Stockholders' Equity | ($9.72M) | $8.27M | $16.49M | $21.55M | $29.71M | $49.81M | $41.32M | $47.74M | $57.90M | $72.84M |
| Retained Earnings | ($191.40M) | ($173.20M) | ($158.95M) | ($153.23M) | ($144.95M) | ($121.89M) | ($122.43M) | ($110.29M) | ($98.29M) | ($83.33M) |
Cash Flow
| Line item | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | $782.9K | - | - | - | ($10.06M) | - | - |
| Investing Cash Flow | - | - | - | ($1.26M) | - | - | - | ($678.3K) | - | - |
| Financing Cash Flow | - | - | - | $267.7K | - | - | - | $4.21M | - | - |
| CapEx | - | - | - | $1.26M | - | - | - | $728.3K | - | - |
| Free Cash Flow | - | - | - | ($474.7K) | - | - | - | ($10.79M) | - | - |
Ratios
| Metric | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 23.8% | 30.9% | 17.6% | - | 26.2% | 27.7% | 17.4% | - | 31.6% |
| Operating margin | - | -51.3% | -63.8% | -74.5% | - | -31.5% | -68.8% | -89.7% | - | -66.3% |
| EBITDA margin | - | - | - | -68.8% | - | -27.7% | -63.2% | -84.3% | - | -63.1% |
| Net margin | - | -69.1% | -30.3% | -40.9% | - | 26.5% | -67.8% | -70.3% | - | -52.8% |
| Free cash flow margin | - | - | - | -2.3% | - | - | - | -62.7% | - | - |
| FCF / Net income | - | - | - | 0.06 | - | - | - | 0.89 | - | - |
| R&D / Revenue | - | 14.1% | 15.4% | 17.5% | - | 9.2% | 15.4% | 14.6% | - | 9.4% |
| SG&A / Revenue | - | 60.9% | 79.3% | 74.7% | - | 48.5% | 81.0% | 92.5% | - | 88.5% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | - | -22.1% | -8.5% | -11.2% | - | 8.6% | -14.6% | -15.6% | - | -10.0% |
| Return on equity | - | -172.3% | -34.7% | -38.4% | - | 16.1% | -29.4% | -25.4% | - | -12.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.56 | 0.74 | 0.87 | 0.99 | 1.18 | 1.72 | 1.59 | 2.07 | 3.08 | 4.44 |
| Quick ratio | 0.19 | 0.21 | 0.21 | 0.32 | 0.39 | 0.71 | 0.52 | 0.60 | 1.26 | 2.72 |
| Cash ratio | 0.02 | 0.03 | 0.05 | 0.05 | 0.05 | 0.04 | 0.06 | 0.03 | 0.35 | 1.72 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | -19.3x | -130.2x | - | - | - | - | - | - | - |
| Equity multiplier | -5.33 | 7.80 | 4.10 | 3.43 | 2.82 | 1.87 | 2.01 | 1.62 | 1.36 | 1.25 |
| Liabilities / Assets | 1.19 | 0.87 | 0.76 | 0.71 | 0.65 | 0.46 | 0.50 | 0.38 | 0.27 | 0.20 |
| Efficiency | ||||||||||
| Asset turnover | - | 0.32 | 0.28 | 0.27 | - | 0.33 | 0.22 | 0.22 | - | 0.19 |
| Inventory turnover | - | 0.56 | 0.42 | 0.51 | - | 0.56 | 0.32 | 0.34 | - | 0.38 |
| Days sales outstanding | - | 159d | 151d | 225d | - | 282d | 307d | 319d | - | 361d |
| Days inventory outstanding | - | 652d | 879d | 716d | - | 654d | 1133d | 1061d | - | 971d |
| Days payable outstanding | - | 954d | 1032d | 766d | - | 476d | 886d | 564d | - | 377d |
| Cash conversion cycle | - | -143d | -1d | 175d | - | 461d | 554d | 817d | - | 956d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | 0.2x | - | - | - | - |
| P / B | - | 48.0x | 18.6x | 52.8x | - | 52.5x | 4.5x | - | - | - |
| P / S | - | 19.2x | 16.2x | 56.3x | - | 86.5x | 10.4x | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | -31.8% | 5.5% | 17.4% | - | 75.7% | 12.8% | 40.2% | - | 3.3% |
| Revenue CAGR (3y) | - | 7.4% | 40.3% | 72.9% | - | 84.9% | 58.0% | 63.7% | - | 78.6% |
| Revenue CAGR (5y) | - | 46.8% | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | -37.9% | 18.0% | 18.5% | - | 45.4% | 47.6% | -13.3% | - | -27.9% |
| Operating income growth (YoY) | - | -10.8% | 2.1% | 2.5% | - | 16.4% | -68.1% | -162.1% | - | - |
| Net income growth (YoY) | - | - | 52.8% | 31.6% | - | - | -63.5% | -99.9% | - | - |
| EPS growth (YoY) | - | - | 96.2% | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | 95.6% | - | - | - | 27.9% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -83.4% | -60.1% | -54.9% | -48.7% | -31.6% | -18.5% | -17.8% | 199.3% | 181.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$76.27M totalSoft Goods$36.21M · 47.5%
Metal Goods$35.45M · 46.5%
Electronic Goods$4.61M · 6.0%
Geographic
$76.27M totalUS$61.86M · 81.1%
Europe$5.68M · 7.4%
GB$4.80M · 6.3%
CA$2.10M · 2.8%
MX$1.18M · 1.5%
BR$654.6K · 0.9%
Peer comparison
Same SIC group: Cutlery, Handtools & General Hardware
Comparing Toughbuilt Industries against the 5 most active filers in the same SIC group.