VIEW · View, 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 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.22M | $28.03M | $18.35M | - | $23.76M | $16.32M | $17.01M | - | $18.88M | $16.93M |
| Cost of Revenue | $42.57M | $39.53M | $40.36M | - | $51.83M | $39.53M | $40.56M | - | $22.95M | $35.83M |
| Gross Profit | ($25.36M) | ($13.78M) | ($22.02M) | - | ($28.07M) | ($23.21M) | ($23.55M) | - | ($4.07M) | ($18.91M) |
| R&D | $8.92M | $9.71M | $12.94M | - | $15.55M | $20.91M | $19.70M | - | $36.31M | $21.04M |
| SG&A | $25.52M | $23.51M | $25.40M | - | $41.17M | $40.76M | $42.96M | - | $38.21M | $16.60M |
| Total Operating Expenses | $204.07M | $38.48M | $82.80M | - | $105.85M | $101.19M | $103.22M | - | $126.35M | $65.79M |
| D&A | - | - | $5.77M | - | - | - | $5.95M | - | - | - |
| Operating Income | ($208.43M) | ($52.26M) | ($64.45M) | - | ($82.09M) | ($84.88M) | ($86.20M) | - | ($107.47M) | ($69.3K) |
| Interest Expense | - | - | - | - | - | - | - | - | $312.0K | $6.15M |
| Income Tax | $62.0K | $18.0K | $18.0K | - | $23.0K | $30.0K | $24.0K | - | ($425.0K) | $4.0K |
| Net Income | ($213.05M) | ($56.36M) | ($67.29M) | - | ($82.06M) | ($82.89M) | ($82.37M) | - | ($94.15M) | ($69.3K) |
| EPS - Basic | ($53.06) | ($14.11) | ($0.28) | - | ($0.38) | ($0.39) | ($0.38) | - | ($0.44) | ($41.30) |
| EPS - Diluted | ($53.06) | ($14.11) | ($0.28) | - | ($0.38) | ($0.39) | ($1.33) | - | ($34.50) | ($41.30) |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $50.62M | $30.14M | $52.64M | $95.86M | $51.27M | $111.24M | $200.53M | $281.08M | $373.09M | $451.36M |
| Accounts Receivable | $42.57M | $36.54M | $29.94M | $42.41M | $23.93M | $31.01M | $29.94M | $30.61M | $19.31M | $12.91M |
| Inventory | $16.70M | $17.83M | $17.98M | $17.37M | $17.85M | $17.12M | $13.81M | $10.27M | $9.76M | $8.29M |
| Accounts Payable | $10.23M | $17.34M | $20.34M | $21.10M | $15.23M | $9.54M | $17.36M | $24.19M | $12.42M | $9.85M |
| Current Assets | $158.83M | $172.23M | $213.58M | $296.22M | $127.59M | $183.45M | $265.34M | $343.53M | $413.80M | $481.20M |
| Total Assets | $291.44M | $485.93M | $538.82M | $619.03M | $452.93M | $511.56M | $594.14M | $679.07M | $700.02M | $769.95M |
| Current Liabilities | $87.27M | $83.60M | $92.19M | $112.51M | $89.12M | $83.47M | $96.33M | $104.61M | $82.56M | $67.94M |
| Long-term Debt | $208.33M | $208.34M | $201.48M | $218.84M | $13.22M | $13.22M | $13.96M | $13.96M | $14.70M | $14.70M |
| Total Liabilities | $359.38M | $351.06M | $357.83M | $398.53M | $165.16M | $161.87M | $179.71M | $199.73M | $167.18M | $165.42M |
| Stockholders' Equity | ($67.94M) | $134.87M | $180.99M | $220.49M | $287.77M | $349.69M | $414.43M | $479.34M | $532.85M | $604.53M |
| Retained Earnings | ($2.93B) | ($2.72B) | ($2.66B) | ($2.59B) | ($2.50B) | ($2.42B) | ($2.34B) | ($2.26B) | ($2.18B) | ($2.08B) |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($60.46M) | - | - | - | ($71.27M) | - | - | - |
| Investing Cash Flow | - | - | $17.77M | - | - | - | ($9.14M) | - | - | - |
| Financing Cash Flow | - | - | ($1.36M) | - | - | - | ($134.0K) | - | $25.0K | - |
| CapEx | - | - | $4.92M | - | - | - | $9.14M | - | - | - |
| Free Cash Flow | - | - | ($65.38M) | - | - | - | ($80.41M) | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -66.4% | -49.1% | -120.0% | - | -118.1% | -142.3% | -138.4% | - | -21.5% | -111.7% |
| Operating margin | -545.3% | -186.4% | -351.3% | - | -345.5% | -520.2% | -506.7% | - | -569.1% | -0.4% |
| EBITDA margin | - | - | -319.8% | - | - | - | -471.7% | - | - | - |
| Net margin | -557.4% | -201.0% | -366.7% | - | -345.4% | -508.0% | -484.2% | - | -498.6% | -0.4% |
| Free cash flow margin | - | - | -356.3% | - | - | - | -472.7% | - | - | - |
| FCF / Net income | - | - | 0.97 | - | - | - | 0.98 | - | - | - |
| R&D / Revenue | 23.3% | 34.7% | 70.5% | - | 65.5% | 128.1% | 115.8% | - | 192.3% | 124.3% |
| SG&A / Revenue | 66.8% | 83.9% | 138.4% | - | 173.3% | 249.8% | 252.5% | - | 202.3% | 98.1% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -73.1% | -11.6% | -12.5% | - | -18.1% | -16.2% | -13.9% | - | -13.4% | -0.0% |
| Return on equity | 313.6% | -41.8% | -37.2% | - | -28.5% | -23.7% | -19.9% | - | -17.7% | -0.0% |
| Return on invested capital | -117.3% | -12.0% | -13.3% | - | -21.5% | -18.5% | -15.9% | - | -15.5% | -0.0% |
| Liquidity | ||||||||||
| Current ratio | 1.82 | 2.06 | 2.32 | 2.63 | 1.43 | 2.20 | 2.75 | 3.28 | 5.01 | 7.08 |
| Quick ratio | 1.63 | 1.85 | 2.12 | 2.48 | 1.23 | 1.99 | 2.61 | 3.19 | 4.89 | 6.96 |
| Cash ratio | 0.58 | 0.36 | 0.57 | 0.85 | 0.58 | 1.33 | 2.08 | 2.69 | 4.52 | 6.64 |
| Leverage | ||||||||||
| Debt / Equity | -3.07 | 1.54 | 1.11 | 0.99 | 0.05 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 |
| Debt / Assets | 0.71 | 0.43 | 0.37 | 0.35 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | -344.4x | -0.0x |
| Equity multiplier | -4.29 | 3.60 | 2.98 | 2.81 | 1.57 | 1.46 | 1.43 | 1.42 | 1.31 | 1.27 |
| Liabilities / Assets | 1.23 | 0.72 | 0.66 | 0.64 | 0.36 | 0.32 | 0.30 | 0.29 | 0.24 | 0.21 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | 0.06 | 0.03 | - | 0.05 | 0.03 | 0.03 | - | 0.03 | 0.02 |
| Inventory turnover | 2.55 | 2.22 | 2.24 | - | 2.90 | 2.31 | 2.94 | - | 2.35 | 4.32 |
| Days sales outstanding | 407d | 476d | 596d | - | 368d | 694d | 642d | - | 373d | 278d |
| Days inventory outstanding | 143d | 165d | 163d | - | 126d | 158d | 124d | - | 155d | 84d |
| Days payable outstanding | 88d | 160d | 184d | - | 107d | 88d | 156d | - | 198d | 100d |
| Cash conversion cycle | 462d | 480d | 574d | - | 386d | 764d | 610d | - | 331d | 263d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 60.8% | 71.8% | 7.9% | - | 25.8% | -3.6% | 85.6% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 9.6% | 40.7% | 6.5% | - | -590.3% | -22.8% | 10.8% | - | - | - |
| Operating income growth (YoY) | -153.9% | 38.4% | 25.2% | - | 23.6% | -122395.0% | -22.3% | - | - | - |
| Net income growth (YoY) | -159.6% | 32.0% | 18.3% | - | 12.8% | -119520.2% | -16.1% | - | - | - |
| EPS growth (YoY) | -13863.2% | -3517.9% | 78.9% | - | 98.9% | 99.1% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 18.7% | - | - | - | -37.0% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | -61.4% | -56.3% | -54.0% | -46.0% | -42.2% | -41.7% | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$148.01M totalProduct$69.78M · 47.1%
Smart Glass$41.74M · 28.2%
Smart Building Platform$28.69M · 19.4%
Service$4.23M · 2.9%
Smart Building Technologies$3.58M · 2.4%
Geographic
$74.01M totalUS$63.52M · 85.8%
CA$9.55M · 12.9%
Others$933.0K · 1.3%
Peer comparison
Same SIC group: Flat Glass
| Company | Revenue (last FY) | Net margin | ROE |
|---|---|---|---|
| TGLS | $983.61M | 16.2% | 22.4% |
Comparing View against the 1 most active filer in the same SIC group.