CEA Industries (BNC) financial statements
CEA Industries reported revenue of $3M in fiscal 2024, down 10.8% a year over 9 years.
Net income was -$3M and the operating margin -113.1%, against -39.6% in 2015.
The diluted share count fell 99% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CEA Industries's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8M | $8M | $7M | $10M | $15M | $9M | $14M | $11M | $7M | $3M |
| Cost of revenue | $7M | $5M | $5M | $7M | $11M | $7M | $11M | $10M | $6M | $3M |
| Gross profit | $940,841 | $2M | $2M | $2M | $5M | $2M | $3M | $1M | $542,079 | -$219,624 |
| Research and development | $707,517 | $349,062 | $319,680 | $32,000 | $521,044 | $390,229 | $469,703 | $319,987 | $76,487 | — |
| Selling, general and admin | $3M | $2M | $5M | $6M | $5M | $3M | $4M | $5M | $3M | $3M |
| Operating income | -$3M | -$532,917 | -$4M | -$5M | -$1M | -$2M | -$2M | -$6M | -$3M | -$3M |
| Interest expense | $873,207 | $373,688 | $41,485 | $2,908 | — | $17,432 | $2,832 | — | — | — |
| Pre-tax income | -$5M | -$3M | -$5M | -$5M | -$1M | -$2M | -$1M | -$5M | -$3M | -$3M |
| Net income | -$5M | -$3M | -$5M | -$5M | -$1M | -$2M | -$1M | -$5M | -$3M | -$3M |
| EPS (diluted) | -$0.04 | -$0.02 | -$0.03 | -$0.02 | -$0.01 | -$1.12 | -$2.33 | -$0.84 | -$4.33 | -$4.22 |
| Diluted shares | 120M | 141M | 183M | 219M | 228M | 2M | 2M | 7M | 1M | 1M |
| Gross margin | 12.0% | 30.4% | 26.5% | 25.6% | 29.9% | 18.2% | 21.5% | 10.1% | 7.8% | -7.8% |
| Operating margin | -39.6% | -7.0% | -58.8% | -50.3% | -8.6% | -27.7% | -14.5% | -50.7% | -42.7% | -113.1% |
| Net margin | -67.3% | -43.2% | -68.2% | -49.5% | -8.8% | -20.7% | -9.8% | -48.7% | -42.1% | -112.2% |
Balance sheet
Fiscal years, from CEA Industries's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $330,557 | $319,546 | $2M | $253,387 | $922,177 | $2M | $2M | $19M | $13M | $9M |
| Receivables | $299,194 | $47,166 | $422,589 | $210,187 | $138,357 | $33,480 | $179,444 | $2,649 | $18,655 | $13,041 |
| Inventory | $1M | $747,905 | $522,622 | $935,886 | $1M | $327,109 | $378,326 | $348,411 | $296,404 | $25,980 |
| Total current assets | $2M | $1M | $4M | $2M | $3M | $4M | $4M | $20M | $13M | $10M |
| Property, plant and equipment | $162,530 | $93,565 | $401,356 | $520,321 | $257,923 | $147,732 | $77,346 | $68,513 | $38,558 | $5,698 |
| Goodwill | $631,064 | $631,064 | $631,064 | $631,064 | $631,064 | $631,064 | $631,064 | — | — | — |
| Total assets | $3M | $2M | $5M | $3M | $4M | $5M | $5M | $21M | $14M | $10M |
| Total current liabilities | $5M | $4M | $3M | $3M | $4M | $6M | $4M | $6M | $1M | $1M |
| Total liabilities | $6M | $4M | $3M | $3M | $4M | $6M | $5M | $6M | $2M | $1M |
| Shareholders' equity | -$3M | -$2M | $1M | $194,336 | -$355,631 | -$1M | -$4M | $15M | $12M | $9M |
| Net debt | -$329,006 | -$319,546 | -$2M | -$253,387 | -$922,177 | -$2M | -$2M | -$19M | -$13M | -$9M |
Cash flow
Fiscal years, from CEA Industries's 10-K filings with the SEC.
| Fiscal year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$2M | $103,496 | -$2M | -$3M | $671,833 | $818,036 | -$3M | -$3M | -$6M | -$3M |
| Capital spending | $62,381 | $18,189 | $183,783 | $261,222 | $3,043 | $9,332 | $68,657 | $30,348 | — | — |
| Free cash flow | -$2M | $85,307 | -$2M | -$3M | $668,790 | $808,704 | -$3M | -$3M | — | — |
| Stock-based compensation | $127,493 | $4,386 | $2M | $2M | $788,599 | $277,183 | $369,214 | $307,736 | $187,615 | $82,457 |
| Share buybacks (net) | — | — | — | -$400,000 | — | — | — | — | — | — |
| Net borrowing | -$145,153 | -$34,115 | — | — | — | — | — | — | — | — |
| Free cash flow margin | -22.2% | 1.1% | -34.0% | -32.5% | 4.4% | 9.5% | -24.0% | -28.5% | — | — |
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What was CEA Industries's revenue in 2024?
$3M in fiscal 2024, from its 10-K filing.
From CEA Industries's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.