VEII · Value Exchange International, 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 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.39M | $4.06M | $3.37M | - | $2.96M | $2.85M | $2.88M | - | $2.56M | $2.59M |
| Cost of Revenue | $3.80M | $3.42M | $2.23M | - | $2.33M | $2.36M | $2.50M | - | $2.30M | $1.90M |
| Gross Profit | $591.7K | $639.9K | $1.14M | - | $634.7K | $485.2K | $381.8K | - | $254.8K | $686.2K |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $1.16M | $851.2K | $1.09M | - | $886.4K | $876.1K | $732.0K | - | $517.7K | $592.6K |
| Total Operating Expenses | - | - | $1.43M | - | - | - | $819.9K | - | - | - |
| D&A | - | - | $60.9K | - | - | - | $61.3K | - | - | $0 |
| Operating Income | ($430.7K) | ($128.1K) | ($286.5K) | - | ($234.2K) | ($319.7K) | ($438.0K) | - | ($240.9K) | $272.7K |
| Interest Expense | $56.2K | $51.4K | $51.2K | - | $74.9K | $15.5K | $29.6K | - | $1.5K | $2.7K |
| Income Tax | $204 | $191 | $241 | - | $4.1K | ($34) | $1.2K | - | ($27) | ($26) |
| Net Income | ($521.7K) | ($333.4K) | $374.4K | - | ($166.7K) | $347.9K | ($453.8K) | - | ($166.7K) | $347.9K |
| EPS - Basic | ($0.01) | ($0.01) | $0.01 | - | $0.00 | $0.01 | - | - | - | - |
| EPS - Diluted | ($0.01) | ($0.01) | $0.01 | - | $0.00 | ($0.01) | - | - | - | - |
Balance Sheet
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $325.8K | $589.6K | $515.1K | $886.5K | $234.7K | $381.0K | $636.1K | $208.8K | $199.1K | $114.3K |
| Accounts Receivable | $2.89M | $2.10M | $1.49M | $1.74M | $1.46M | $1.64M | $1.22M | $1.13M | $843.6K | $1.71M |
| Inventory | $376.3K | $161.4K | $215.3K | - | $273.4K | $223.6K | $229.7K | $225.7K | $222.2K | $232.3K |
| Accounts Payable | $2.38M | $1.99M | $1.11M | $1.62M | $868.3K | $686.9K | $705.9K | $867.4K | $751.8K | $837.7K |
| Current Assets | $5.20M | $4.17M | $3.11M | $3.78M | $5.63M | $5.17M | $4.98M | $4.44M | $4.02M | $4.42M |
| Total Assets | $6.84M | $5.89M | $5.05M | $5.22M | $7.24M | $6.24M | $6.13M | $5.74M | $5.05M | $5.52M |
| Current Liabilities | $9.65M | $8.17M | $6.97M | $7.01M | $3.92M | $3.08M | $2.59M | $3.32M | $2.10M | $2.80M |
| Long-term Debt | - | - | - | - | - | - | $35.5K | $42.6K | $525.4K | $29.1K |
| Total Liabilities | $10.74M | $9.20M | $7.98M | $8.55M | $4.91M | $4.77M | $4.29M | $3.49M | $2.68M | $2.94M |
| Stockholders' Equity | ($3.98M) | ($3.39M) | ($3.02M) | ($3.43M) | $2.19M | $1.36M | $1.70M | $2.13M | $2.24M | $2.45M |
| Retained Earnings | ($6.32M) | ($5.80M) | ($5.47M) | ($5.86M) | ($281.3K) | $62.9K | $385.4K | $849.5K | $978.6K | $1.16M |
Cash Flow
| Line item | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($345.0K) | - | - | - | ($460.3K) | - | - | - |
| Investing Cash Flow | - | - | ($39.1K) | - | - | - | ($71.3K) | - | - | - |
| Financing Cash Flow | - | - | ($7.1K) | - | - | - | $859.0K | - | - | - |
| CapEx | - | - | $99.5K | - | - | - | $71.7K | - | - | - |
| Free Cash Flow | - | - | ($444.5K) | - | - | - | ($532.0K) | - | - | - |
Ratios
| Metric | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 13.5% | 15.7% | 33.9% | - | 21.4% | 17.0% | 13.2% | - | 10.0% | 26.5% |
| Operating margin | -9.8% | -3.2% | -8.5% | - | -7.9% | -11.2% | -15.2% | - | -9.4% | 10.5% |
| EBITDA margin | - | - | -6.7% | - | - | - | -13.1% | - | - | 10.5% |
| Net margin | -11.9% | -8.2% | 11.1% | - | -5.6% | 12.2% | -15.7% | - | -6.5% | 13.4% |
| Free cash flow margin | - | - | -13.2% | - | - | - | -18.4% | - | - | - |
| FCF / Net income | - | - | -1.19 | - | - | - | 1.17 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 26.5% | 20.9% | 32.2% | - | 29.9% | 30.7% | 25.4% | - | 20.2% | 22.9% |
| Effective tax rate | - | - | 0.1% | - | - | -0.0% | - | - | - | -0.0% |
| Return on assets | -7.6% | -5.7% | 7.4% | - | -2.3% | 5.6% | -7.4% | - | -3.3% | 6.3% |
| Return on equity | 13.1% | 9.8% | -12.4% | - | -7.6% | 25.6% | -26.7% | - | -7.4% | 14.2% |
| Return on invested capital | - | - | - | - | - | - | -19.9% | - | -6.9% | 11.0% |
| Liquidity | ||||||||||
| Current ratio | 0.54 | 0.51 | 0.45 | 0.54 | 1.44 | 1.68 | 1.93 | 1.34 | 1.91 | 1.58 |
| Quick ratio | 0.50 | 0.49 | 0.42 | 0.54 | 1.37 | 1.60 | 1.84 | 1.27 | 1.81 | 1.50 |
| Cash ratio | 0.03 | 0.07 | 0.07 | 0.13 | 0.06 | 0.12 | 0.25 | 0.06 | 0.09 | 0.04 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | 0.02 | 0.02 | 0.23 | 0.01 |
| Debt / Assets | - | - | - | - | - | - | 0.01 | 0.01 | 0.10 | 0.01 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.11 |
| Interest coverage | -7.7x | -2.5x | -5.6x | - | -3.1x | -20.6x | -14.8x | - | -161.4x | 101.5x |
| Equity multiplier | -1.72 | -1.74 | -1.67 | -1.52 | 3.30 | 4.59 | 3.60 | 2.70 | 2.25 | 2.25 |
| Liabilities / Assets | 1.57 | 1.56 | 1.58 | 1.64 | 0.68 | 0.76 | 0.70 | 0.61 | 0.53 | 0.53 |
| Efficiency | ||||||||||
| Asset turnover | 0.64 | 0.69 | 0.67 | - | 0.41 | 0.46 | 0.47 | - | 0.51 | 0.47 |
| Inventory turnover | 10.09 | 21.22 | 10.35 | - | 8.51 | 10.58 | 10.90 | - | 10.36 | 8.20 |
| Days sales outstanding | 241d | 189d | 161d | - | 180d | 210d | 154d | - | 120d | 241d |
| Days inventory outstanding | 36d | 17d | 35d | - | 43d | 35d | 33d | - | 35d | 45d |
| Days payable outstanding | 229d | 212d | 182d | - | 136d | 106d | 103d | - | 119d | 161d |
| Cash conversion cycle | 48d | -6d | 14d | - | 87d | 138d | 85d | - | 36d | 125d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 48.2% | 42.6% | 16.8% | - | 15.8% | 10.0% | 11.3% | - | -11.4% | -38.8% |
| Revenue CAGR (3y) | 15.0% | -1.4% | -25.7% | - | -13.9% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -6.8% | 31.9% | 199.2% | - | 149.1% | -29.3% | 12.3% | - | -61.4% | 20.2% |
| Operating income growth (YoY) | -83.9% | 59.9% | 34.6% | - | 2.8% | - | -299.9% | - | - | - |
| Net income growth (YoY) | -213.0% | - | - | - | 0.0% | 0.0% | -974.7% | - | - | - |
| EPS growth (YoY) | - | 0.0% | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 16.5% | - | - | - | -1075.8% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | -2.2% | -44.6% | -21.5% | -4.7% | 6.1% | 18.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2023-12-31.
Product / service
$12.03M totalSystems Maintenance$9.04M · 75.2%
Sales Of Hardware And Consumables$2.74M · 22.8%
Systems Development And Integration$246.9K · 2.1%
Peer comparison
Same SIC group: Services-Miscellaneous Business Services
Comparing Value Exchange International against the 5 most active filers in the same SIC group.