TTCF · Tattooed Chef, 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 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Revenue | $148.50M | $213.43M | $148.49M | - | - |
| Cost of Revenue | $244.33M | $191.32M | $124.84M | - | - |
| Gross Profit | ($13.40M) | $22.11M | $23.66M | - | - |
| R&D | - | - | - | - | - |
| SG&A | $31.13M | - | - | - | - |
| Total Operating Expenses | $123.81M | $59.11M | $32.54M | $1.11M | - |
| D&A | $6.46M | $3.60M | $1.43M | - | - |
| Operating Income | ($137.22M) | ($9.95M) | $28.45M | ($1.11M) | - |
| Interest Expense | $674.0K | $261.0K | $735.0K | - | - |
| Income Tax | $1.11M | $47.92M | ($40.28M) | $852.5K | - |
| Net Income | ($141.75M) | ($87.40M) | $68.44M | $2.35M | - |
| EPS - Basic | ($1.72) | ($1.07) | $1.85 | - | - |
| EPS - Diluted | ($1.72) | ($1.08) | $1.69 | - | - |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Cash & Equivalents | $5.78M | $92.35M | $131.58M | $1.29M | $1.76M |
| Accounts Receivable | $20.98M | $25.12M | $9.44M | - | - |
| Inventory | $77.96M | $54.56M | $17.96M | - | - |
| Accounts Payable | $57.23M | $28.33M | $15.81M | - | - |
| Current Assets | $109.07M | $179.06M | $206.47M | $1.29M | $1.82M |
| Total Assets | $208.77M | $267.20M | $266.68M | $206.61M | $203.57M |
| Current Liabilities | $93.37M | $41.77M | $30.35M | $1.13M | $387.0K |
| Long-term Debt | $11.18M | - | - | - | - |
| Total Liabilities | $120.17M | $49.90M | $32.34M | $8.14M | $7.45M |
| Stockholders' Equity | $88.34M | $217.30M | $234.34M | $5.00M | $5.00M |
| Retained Earnings | ($164.18M) | ($24.11M) | $63.54M | $3.43M | $1.08M |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($82.73M) | ($51.30M) | ($13.37M) | ($1.22M) | - |
| Investing Cash Flow | ($32.90M) | ($63.80M) | ($7.02M) | $741.8K | - |
| Financing Cash Flow | $29.41M | $75.82M | $147.43M | - | - |
| CapEx | $29.74M | $16.85M | $7.04M | - | - |
| Free Cash Flow | ($112.47M) | ($68.15M) | ($20.40M) | - | - |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | -9.0% | 10.4% | 15.9% | - | - |
| Operating margin | -92.4% | -4.7% | 19.2% | - | - |
| EBITDA margin | -88.1% | -3.0% | 20.1% | - | - |
| Net margin | -95.5% | -41.0% | 46.1% | - | - |
| Free cash flow margin | -75.7% | -31.9% | -13.7% | - | - |
| FCF / Net income | 0.79 | 0.78 | -0.30 | - | - |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | 21.0% | - | - | - | - |
| Effective tax rate | - | - | -143.0% | 26.6% | - |
| Return on assets | -67.9% | -32.7% | 25.7% | 1.1% | - |
| Return on equity | -160.5% | -40.2% | 29.2% | 47.0% | - |
| Return on invested capital | -108.9% | - | - | - | - |
| Liquidity | |||||
| Current ratio | 1.17 | 4.29 | 6.80 | 1.14 | 4.71 |
| Quick ratio | 0.33 | 2.98 | 6.21 | 1.14 | 4.71 |
| Cash ratio | 0.06 | 2.21 | 4.34 | 1.14 | 4.55 |
| Leverage | |||||
| Debt / Equity | 0.13 | - | - | - | - |
| Debt / Assets | 0.05 | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | -203.6x | -38.1x | 38.7x | - | - |
| Equity multiplier | 2.36 | 1.23 | 1.14 | 41.32 | 40.71 |
| Liabilities / Assets | 0.58 | 0.19 | 0.12 | 0.04 | 0.04 |
| Efficiency | |||||
| Asset turnover | 0.71 | 0.80 | 0.56 | - | - |
| Inventory turnover | 3.13 | 3.51 | 6.95 | - | - |
| Days sales outstanding | 52d | 43d | 23d | - | - |
| Days inventory outstanding | 116d | 104d | 53d | - | - |
| Days payable outstanding | 86d | 54d | 46d | - | - |
| Cash conversion cycle | 83d | 93d | 29d | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | -30.4% | 43.7% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | -6.5% | - | - | - |
| Operating income growth (YoY) | -1278.7% | - | - | - | - |
| Net income growth (YoY) | -62.2% | - | 2812.2% | - | - |
| EPS growth (YoY) | -59.3% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -65.0% | -234.0% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -59.3% | -7.3% | 4586.9% | 0.0% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2022-12-31.
Product / service
$230.93M totalTattooed Chef$117.90M · 51.1%
Private Label$100.04M · 43.3%
Other Revenues$12.99M · 5.6%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-1.64
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 2022 · 9-point quality
1/9
Weak
- ✗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: Miscellaneous Food Preparations & Kindred Products
Comparing Tattooed Chef against the 5 most active filers in the same SIC group.