Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of 2CRSI S.A.
Income Statement
| Breakdown | February 28, 2023 | February 28, 2022 | February 28, 2021 | February 29, 2020 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|
| Revenue | $183.48M | $183.64M | $163.34M | $65.98M | $65.18M | $30.56M |
| Cost of Revenue | $141.72M | $178.09M | $154.27M | $72.06M | $60.56M | $29.63M |
| Gross Profit | $41.76M | $5.55M | $9.07M | $-6.09M | $4.62M | $924.00K |
| Gross Profit Ratio | 22.76% | 3.00% | 5.55% | -9.23% | 7.09% | 3.02% |
| Research and Development Expenses | $1.00K | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.14M | $10.90M | $9.43M | $- | $- | $- |
| Selling and Marketing Expenses | $1.25M | $-5.40M | $-2.54M | $- | $- | $- |
| Selling General and Administrative Expenses | $2.39M | $5.50M | $6.89M | $17.67M | $89.00K | $19.00K |
| Other Expenses | $51.50M | $1.67M | $-1.41M | $-1.09M | $-173.00K | $198.00K |
| Operating Expenses | $53.89M | $3.83M | $8.30M | $1.09M | $262.00K | $-179.00K |
| Cost and Expenses | $195.62M | $181.92M | $162.57M | $73.15M | $60.82M | $29.45M |
| Interest Income | $3.00K | $1.19M | $2.01M | $- | $754.00K | $86.00K |
| Interest Expense | $1.15M | $3.68M | $2.49M | $1.74M | $1.26M | $518.00K |
| Depreciation and Amortization | $5.83M | $5.93M | $5.24M | $3.70M | $1.71M | $548.00K |
| EBITDA | $-4.03M | $7.83M | $3.05M | $-1.80M | $6.03M | $2.10M |
| EBITDA Ratio | -2.20% | 4.17% | 3.68% | -5.26% | 9.31% | 5.40% |
| Operating Income | $-8.48M | $1.72M | $770.00K | $-7.17M | $4.36M | $1.10M |
| Operating Income Ratio | -4.62% | 0.94% | 0.47% | -10.87% | 6.68% | 3.61% |
| Total Other Income Expenses Net | $-3.67M | $-3.50M | $-5.45M | $-119.12K | $-1.19M | $-432.00K |
| Income Before Tax | $-12.14M | $-1.78M | $-4.68M | $-7.24M | $3.06M | $1.04M |
| Income Before Tax Ratio | -6.62% | -0.97% | -2.86% | -10.97% | 4.69% | 3.39% |
| Income Tax Expense | $-45.00K | $-682.00K | $-352.00K | $-1.57M | $-633.00K | $393.00K |
| Net Income | $-12.35M | $-1.06M | $-4.19M | $-5.47M | $3.71M | $643.00K |
| Net Income Ratio | -6.73% | -0.58% | -2.56% | -8.29% | 5.68% | 2.10% |
| EPS | $-0.86 | $-0.07 | $-0.29 | $-0.39 | $0.32 | $0.13 |
| EPS Diluted | $-0.86 | $-0.07 | $-0.29 | $-0.39 | $0.32 | $0.13 |
| Weighted Average Shares Outstanding | 14.31M | 14.22M | 14.23M | 14.21M | 11.43M | 4.99M |
| Weighted Average Shares Outstanding Diluted | 14.31M | 14.22M | 14.23M | 14.21M | 11.43M | 4.99M |
| SEC Filing | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | February 28, 2023 | February 28, 2022 | February 28, 2021 | February 29, 2020 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $6.40M | $4.72M | $4.54M | $10.18M | $14.51M | $3.68M |
| Short Term Investments | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $6.40M | $4.72M | $4.54M | $10.18M | $14.51M | $3.68M |
| Net Receivables | $30.99M | $32.09M | $59.44M | $40.98M | $44.77M | $9.64M |
| Inventory | $53.15M | $56.44M | $32.22M | $34.52M | $20.50M | $8.61M |
| Other Current Assets | $15.21M | $16.82M | $12.09M | $16.76M | $2.19M | $3.03M |
| Total Current Assets | $105.75M | $110.07M | $105.10M | $93.32M | $81.97M | $24.10M |
| Property Plant Equipment Net | $16.30M | $20.03M | $22.19M | $23.64M | $6.43M | $2.26M |
| Goodwill | $8.05M | $8.67M | $7.76M | $7.06M | $1.96M | $- |
| Intangible Assets | $14.73M | $16.30M | $15.64M | $14.33M | $- | $- |
| Goodwill and Intangible Assets | $23.47M | $24.98M | $23.40M | $21.39M | $1.96M | $- |
| Long Term Investments | $3.56M | $5.77M | $8.56M | $13.93M | $7.28M | $8.75M |
| Tax Assets | $2.58M | $2.54M | $1.77M | $1.73M | $639.00K | $88.00K |
| Other Non-Current Assets | $- | $-1 | $-1 | $1.42M | $1.07M | $857.00K |
| Total Non-Current Assets | $45.91M | $53.32M | $55.92M | $62.10M | $17.38M | $11.95M |
| Other Assets | $- | $1 | $1 | $1 | $1 | $- |
| Total Assets | $151.66M | $163.40M | $161.02M | $155.42M | $99.36M | $36.05M |
| Account Payables | $21.28M | $24.84M | $24.06M | $20.34M | $17.21M | $7.39M |
| Short Term Debt | $43.89M | $32.76M | $25.97M | $16.60M | $8.78M | $6.58M |
| Tax Payables | $7.59M | $5.08M | $5.49M | $5.85M | $75.00K | $2.53M |
| Deferred Revenue | $- | $4.87M | $4.42M | $5.22M | $484.00K | $1.71M |
| Other Current Liabilities | $24.51M | $13.59M | $7.99M | $5.93M | $1.85M | $1.20M |
| Total Current Liabilities | $97.28M | $81.14M | $67.93M | $53.94M | $28.41M | $19.40M |
| Long Term Debt | $23.20M | $38.84M | $47.84M | $51.43M | $19.58M | $14.94M |
| Deferred Revenue Non-Current | $- | $12.31M | $14.01M | $15.52M | $3.64M | $1.45M |
| Deferred Tax Liabilities Non-Current | $2.64M | $2.83M | $2.73M | $3.12M | $95.00K | $186.00K |
| Other Non-Current Liabilities | $1.18M | $317.00K | $1.84M | $1.91M | $209.00K | $158.00K |
| Total Non-Current Liabilities | $27.02M | $41.99M | $52.41M | $56.45M | $19.88M | $15.29M |
| Other Liabilities | $- | $- | $- | $1 | $- | $1 |
| Total Liabilities | $124.30M | $123.13M | $120.34M | $110.39M | $48.29M | $34.69M |
| Preferred Stock | $- | $- | $2.91M | $5.10M | $- | $- |
| Common Stock | $1.30M | $1.28M | $1.28M | $1.28M | $1.28M | $765.00K |
| Retained Earnings | $-12.35M | $-1.06M | $-4.19M | $-6.38M | $- | $- |
| Accumulated Other Comprehensive Income Loss | $- | $-563.00K | $-6.62M | $-2.23M | $49.70M | $591.00K |
| Other Total Stockholders Equity | $38.81M | $39.82M | $46.08M | $46.08M | $49.70M | $- |
| Total Stockholders Equity | $27.77M | $40.54M | $40.75M | $45.14M | $50.98M | $1.36M |
| Total Equity | $27.36M | $40.26M | $40.68M | $45.03M | $51.07M | $1.36M |
| Total Liabilities and Stockholders Equity | $151.66M | $163.40M | $161.02M | $155.42M | $99.36M | $36.05M |
| Minority Interest | $-408.00K | $-280.00K | $-69.00K | $-109.00K | $82.00K | $- |
| Total Liabilities and Total Equity | $151.66M | $163.40M | $161.02M | $155.42M | $99.36M | $36.05M |
| Total Investments | $3.56M | $5.77M | $8.56M | $13.93M | $7.28M | $8.75M |
| Total Debt | $67.08M | $71.60M | $73.81M | $69.55M | $28.36M | $21.52M |
| Net Debt | $60.69M | $66.88M | $69.26M | $59.37M | $13.85M | $17.84M |
Cash Flow Statement
| Breakdown | February 28, 2023 | February 28, 2022 | February 28, 2021 | February 29, 2020 | December 31, 2018 | December 31, 2017 |
|---|---|---|---|---|---|---|
| Net Income | $-12.35M | $-1.06M | $-4.19M | $-5.47M | $3.71M | $643.00K |
| Depreciation and Amortization | $5.83M | $5.93M | $5.24M | $3.70M | $1.71M | $548.00K |
| Deferred Income Tax | $- | $- | $- | $- | $-641.00K | $576.00K |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $16.15M | $2.98M | $-8.98M | $15.20M | $-37.68M | $-14.19M |
| Accounts Receivables | $- | $14.14M | $-14.88M | $8.36M | $1.04M | $-12.72M |
| Inventory | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $16.15M | $-11.15M | $5.90M | $6.84M | $-38.72M | $-1.47M |
| Other Non Cash Items | $353.00K | $65.00K | $31.13M | $-5.73M | $2.31M | $14.26M |
| Net Cash Provided by Operating Activities | $9.99M | $10.19M | $-2.16M | $8.66M | $-32.98M | $-11.99M |
| Investments in Property Plant and Equipment | $-2.04M | $-2.65M | $-4.27M | $-3.51M | $-2.53M | $-667.00K |
| Acquisitions Net | $7.00K | $37.00K | $197.00K | $-13.83M | $-2.48M | $- |
| Purchases of Investments | $-192.00K | $- | $-440.00K | $- | $-1.00M | $-242.00K |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-2.56M | $-1.32M | $-321.00K | $-914.00K | $- | $- |
| Net Cash Used for Investing Activities | $-4.78M | $-3.93M | $-4.83M | $-18.26M | $-6.01M | $-909.00K |
| Debt Repayment | $-4.94M | $-14.69M | $536.00K | $5.04M | $4.82M | $16.69M |
| Common Stock Issued | $- | $- | $63.00K | $- | $46.25M | $- |
| Common Stock Repurchased | $-7.00K | $- | $- | $- | $- | $- |
| Dividends Paid | $-175.00K | $-175.00K | $-175.00K | $-175.00K | $-175.00K | $- |
| Other Financing Activities | $-730.00K | $8.33M | $-29.00K | $- | $-1.69M | $- |
| Net Cash Used Provided by Financing Activities | $-5.85M | $-6.54M | $424.00K | $4.86M | $49.81M | $16.69M |
| Effect of Forex Changes on Cash | $-130.00K | $67.00K | $-149.00K | $7 | $- | $- |
| Net Change in Cash | $-779.00K | $174.00K | $-5.63M | $-4.34M | $10.83M | $3.80M |
| Cash at End of Period | $2.08M | $4.72M | $4.54M | $10.18M | $14.51M | $3.68M |
| Cash at Beginning of Period | $2.85M | $4.54M | $10.18M | $14.51M | $3.68M | $-117.00K |
| Operating Cash Flow | $9.99M | $10.19M | $-2.16M | $8.66M | $-32.98M | $-11.99M |
| Capital Expenditure | $-2.04M | $-2.65M | $-4.27M | $-3.51M | $-2.53M | $-667.00K |
| Free Cash Flow | $7.95M | $7.54M | $-6.42M | $5.15M | $-35.51M | $-12.65M |