TDNT · Trident Brands 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 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $125.3K | $0 | - | $26.6K | $46.2K | $161.9K | - | $273.0K | $244.1K | - |
| Cost of Revenue | $146.4K | $0 | - | $12.7K | $24.6K | $84.9K | - | $165.3K | $286.5K | $84.9K |
| Gross Profit | ($21.2K) | $0 | - | $13.9K | $21.7K | $65.3K | - | $107.7K | $76.9K | $77.0K |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $528.1K | $417.3K | - | $550.1K | $538.0K | $404.3K | - | $962.3K | $1.12M | ($1.31M) |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | $0 | - | - | - | $2.1K |
| Operating Income | ($549.3K) | ($417.3K) | - | ($536.1K) | ($516.3K) | ($339.0K) | - | ($854.6K) | ($1.04M) | ($1.24M) |
| Interest Expense | $234.2K | $335.7K | - | $199.8K | $200.0K | $200.3K | - | $833.0K | $1.00M | ($1.45M) |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | ($783.4K) | ($753.0K) | - | ($600.7K) | ($716.3K) | ($539.4K) | - | ($12.70M) | ($10.06M) | ($4.26M) |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $12.4K | $15.3K | $7.7K | $11.2K | $131.4K | $48.9K | $88.0K | $82.7K | $277.3K | $230.7K |
| Accounts Receivable | $1.1K | $1.1K | $12.4K | $42.6K | $71.5K | $78.4K | $63.8K | $264.1K | $210.7K | $167.5K |
| Inventory | $735.5K | $881.9K | $881.9K | $1.09M | $1.11M | $1.14M | $1.22M | $1.57M | $1.76M | $1.95M |
| Accounts Payable | $549.9K | $544.1K | $524.2K | $459.1K | $421.1K | $420.0K | $429.0K | $425.8K | $409.6K | $533.0K |
| Current Assets | $749.4K | $898.7K | $1.06M | $1.21M | $1.38M | $1.38M | $1.53M | $2.14M | $2.51M | $2.52M |
| Total Assets | $749.4K | $898.7K | $1.06M | $1.61M | $1.78M | $1.78M | $1.93M | $2.54M | $2.91M | $2.93M |
| Current Liabilities | $11.04M | $10.52M | $9.93M | $9.29M | $8.72M | $8.30M | $7.91M | $49.30M | $37.25M | $28.02M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $33.34M | $32.82M | $32.23M | $31.59M | $31.15M | $30.73M | $30.35M | $58.08M | $45.75M | $35.70M |
| Stockholders' Equity | ($32.59M) | ($31.92M) | ($31.17M) | ($29.97M) | ($29.37M) | ($28.96M) | ($28.42M) | ($55.54M) | ($42.84M) | ($32.77M) |
| Retained Earnings | ($43.60M) | ($42.90M) | ($42.21M) | ($41.21M) | ($40.70M) | ($40.06M) | ($39.52M) | ($61.17M) | ($48.49M) | ($38.45M) |
Cash Flow
| Line item | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $7.7K | - | - | - | ($783.0K) | - | - | - | ($783.0K) |
| Investing Cash Flow | - | - | - | - | - | - | - | - | - | - |
| Financing Cash Flow | - | - | - | - | - | - | - | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 | Q1 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -16.9% | - | - | 52.4% | 46.8% | 40.3% | - | 39.5% | 31.5% | - |
| Operating margin | -438.4% | - | - | -2014.6% | -1116.5% | -209.4% | - | -313.0% | -427.2% | - |
| EBITDA margin | - | - | - | - | - | -209.4% | - | - | - | - |
| Net margin | -625.4% | - | - | -2257.5% | -1549.0% | -333.2% | - | -4651.6% | -4122.2% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 421.5% | - | - | 2067.0% | 1163.4% | 249.7% | - | 352.4% | 458.6% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -104.5% | -83.8% | - | -37.3% | -40.3% | -30.4% | - | -500.3% | -345.8% | -145.4% |
| Return on equity | 2.4% | 2.4% | - | 2.0% | 2.4% | 1.9% | - | 22.9% | 23.5% | 13.0% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.07 | 0.09 | 0.11 | 0.13 | 0.16 | 0.17 | 0.19 | 0.04 | 0.07 | 0.09 |
| Quick ratio | 0.00 | 0.00 | 0.02 | 0.01 | 0.03 | 0.03 | 0.04 | 0.01 | 0.02 | 0.02 |
| Cash ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -2.3x | -1.2x | - | -2.7x | -2.6x | -1.7x | - | -1.0x | -1.0x | 0.9x |
| Equity multiplier | -0.02 | -0.03 | -0.03 | -0.05 | -0.06 | -0.06 | -0.07 | -0.05 | -0.07 | -0.09 |
| Liabilities / Assets | 44.49 | 36.52 | 30.40 | 19.60 | 17.51 | 17.31 | 15.75 | 22.88 | 15.72 | 12.20 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | 0.00 | - | 0.02 | 0.03 | 0.09 | - | 0.11 | 0.08 | - |
| Inventory turnover | 0.20 | 0.00 | - | 0.01 | 0.02 | 0.07 | - | 0.11 | 0.16 | 0.04 |
| Days sales outstanding | 3d | - | - | 584d | 564d | 177d | - | 353d | 315d | - |
| Days inventory outstanding | 1833d | - | - | 31540d | 16447d | 4880d | - | 3472d | 2241d | 8399d |
| Days payable outstanding | 1371d | - | - | 13232d | 6253d | 1805d | - | 940d | 522d | 2291d |
| Cash conversion cycle | 466d | - | - | 18893d | 10759d | 3251d | - | 2885d | 2034d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 170.9% | -100.0% | - | -90.3% | -81.1% | - | - | -20.2% | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | -87.1% | -71.8% | -15.2% | - | 5.1% | -53.0% | -77.0% |
| Operating income growth (YoY) | -6.4% | -23.1% | - | 37.3% | 50.5% | 72.6% | - | 38.8% | 46.9% | 20.2% |
| Net income growth (YoY) | -9.4% | -39.6% | - | 95.3% | 92.9% | 87.3% | - | -492.4% | -170.6% | -32.4% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -10.9% | -10.2% | -9.7% | 46.0% | 31.4% | 11.6% | -15.8% | -158.9% | -121.9% | -109.5% |
Peer comparison
Same SIC group: Dairy Products
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| LWAY | $212.50M | 6.5% | 16.1% |
Comparing Trident Brands Inc against the 1 most active filer in the same SIC group.