Network CN Inc. - NWCN

NWCN Returns vs S&P 500 ⓘ

ticker	1 day return %	1 week return %	1 month return %	3 months return %	6 months return %	1 year return %	3 years return %	5 years return %	10 years return %	maximum return %
NWCN	0	17.6	-29.6	71328.6	2511.0	2400	-50	233.3	-4.8	-77.8
S&P 500	-0.6	-0.5	2.3	7.3	12.1	32.1	27.0	90.7	191.4	33587.3

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	NWCN
name	Network CN Inc.
price	1
changes percentage	0
change	0
day low	0.06
day high	1
year high	1.70
year low	0.00
market cap	23233400
price avg 50	0.69
price avg 200	0.20
exchange	PNK
volume	300
avg volume	26014
open	0.70
previous close	None
eps	-0.06
pe	-16.67
earnings announcement	2024-08-30T00:00:00.000+0000
shares outstanding	23233400
timestamp	2024-11-14 20:00:00

Financial Statements ⓘ

We derive the score of a company's financial statements by evaluating the weighted average sentiment across key within the statements. The cumulative score, normalized to a sum of 1, serves as a metric for assessing the company's performance during the specified period. A higher score indicates stronger performance. However, it's crucial to note that while this score provides valuable insights, it is just one of many factors to consider when making informed investment decisions. A holistic evaluation, considering various aspects of the company's financial health and market conditions, is essential for a well-rounded investment strategy.

Overall Annual Financial Health: 25.3%

Overall Quarterly Financial Health: 19.3%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000934796
revenue	446019	106498	318.81
gross profit	9351	23600	-60.38
gross profit ratio	0.02	0.22	-90.54
research and development expenses	0	0	NaN
operating expenses	1155937	652652	77.11
interest income	133	4	3,225.00
interest expense	314117	296230	6.04
ebitda	-1044074	-549812	-89.90
ebitdaratio	-2.34	-5.16	54.66
operating income	-1146586	-629052	-82.27
operating income ratio	-2.57	-5.91	56.48
net income	-1906353	-1221504	-56.07
net income ratio	-4.27	-11.47	62.74
eps	-0.09	-0.06	-46.82

Overall Score of Annual Income Statement

0.43 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Revenue Growth: revenue increased to 0 million in 2023 from 0 million in 2022 representing a change of 318.81%. This indicates a sales growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 1 million in 2023 from 1 million in 2022 representing a change of 77.11%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

  Net Income: Net income increased to -2 million in 2023 from -1 million in 2022 representing a change of -56.07%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

• 📉 Negative Indicators

  Gross Profit: Gross Profit decreased to 0 million in 2023 from 0 million in 2022 representing a change of -60.38%. This indicates a sales profitability decline, which is a negative sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -1 million in 2023 from -1 million in 2022 representing a change of -89.9%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to -1 million in 2023 from -1 million in 2022 representing a change of -82.27%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Earnings per Share (EPS): EPS increased to -0.09 in 2023 from -0.09 in 2022 representing a change of -46.82%. This indicates that the company's earnings are decreasing and it is becoming less profitable on a per-share basis.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000934796
revenue	206678	216914	-4.72
gross profit	-1631	-83823	98.05
gross profit ratio	-0.01	-0.39	97.96
research and development expenses	0	0	NaN
operating expenses	115840	163166	-29.00
interest income	3	9	-66.67
interest expense	74577	73247	1.82
ebitda	-106285	-147258	27.82
ebitdaratio	-0.51	-0.68	24.26
operating income	-203945	-246990	17.43
operating income ratio	-0.99	-1.14	13.34
net income	-278519	-320210	13.02
net income ratio	-1.35	-1.48	8.71
eps	-0.01	-0.01	13.57

Overall Score of Quarterly Income Statement

0.33 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Revenue Growth: revenue decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -4.72%. This indicates a sales shrinking, which is a negative sign for the company.

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 27.82%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 17.43%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 13.02%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• 📈 Positive Indicators

  Gross Profit: Gross Profit increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 98.05%. This indicates a sales profitability growth, which is a positive sign for the company.

  Operating Expenses: Operating Expenses decreased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of -29.0%. The decrease in operating expenses can be attributed to various factors such as improved profitability, cost optimization and financial stability, lower operating expenses can be positive indicators.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000934796
total assets	835383	484019	72.59
total liabilities	7949574	6821773	16.53
total equity	-7114191	-6337754	-12.25
cash and cash equivalents	5334	20351	-73.79
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	186112	103215	80.31
total non current assets	649271	380804	70.50
total current liabilities	5057512	3972398	27.32
total non current liabilities	2892062	2849375	1.50
common stock	22488	20749	8.38
retained earnings	-141287445	-139381092	-1.37
total debt	4342672	4050428	7.22

Overall Score of Annual Balance Sheet

0.33 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Total Assets: Total Assets increased to 1 million in 2023 from 0 million in 2022 representing a change of 72.59%. Suggesting a growth in asset holdings.

  Total Current Assets: Total Current Assets increased to 0 million in 2023 from 0 million in 2022 representing a change of 80.31%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 0 in 2023 from 0 in 2022 representing a change of 8.38%. This indicates an increase in ownership interest.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 8 million in 2023 from 7 million in 2022 representing a change of 16.53%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to -7 million in 2023 from -6 million in 2022 representing a change of -12.25%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2023 from 0 million in 2022 representing a change of -73.79%. This indicates a decrease in available liquid assets.

  Total Current Liabilities: Total Current Liabilities increased to 5 million in 2023 from 4 million in 2022 representing a change of 27.32%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -141 million in 2023 from -139 million in 2022 representing a change of -1.37%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 4 million in 2023 from 4 million in 2022 representing a change of 7.22%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000934796
total assets	557129	655120	-14.96
total liabilities	8420079	8254318	2.01
total equity	-7862950	-7599198	-3.47
cash and cash equivalents	10995	2961	271.33
short term investments	0	0	NaN
long term investments	0	0	NaN
total current assets	18721	18226	2.72
total non current assets	538408	636894	-15.46
total current liabilities	5916597	5750769	2.88
total non current liabilities	2503482	2503548	-0.00
common stock	22965	22965	0.00
retained earnings	-141739112	-141460593	-0.20
total debt	4645356	4623905	0.46

Overall Score of Quarterly Balance Sheet

0.25 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 1 million in 2024Q2 from 1 million in 2024Q1 representing a change of -14.96%. Suggesting a decrease in asset holdings.

  Total Liabilities: Total Liabilities increased to 8 million in 2024Q2 from 8 million in 2024Q1 representing a change of 2.01%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to -8 million in 2024Q2 from -8 million in 2024Q1 representing a change of -3.47%. This indicates a decrease in shareholders' equity.

  Total Current Liabilities: Total Current Liabilities increased to 6 million in 2024Q2 from 6 million in 2024Q1 representing a change of 2.88%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -142 million in 2024Q2 from -141 million in 2024Q1 representing a change of -0.2%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 5 million in 2024Q2 from 5 million in 2024Q1 representing a change of 0.46%. This indicates an increase in overall debt burden.

• 📈 Positive Indicators

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 271.33%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 0 million in 2024Q2 from 0 million in 2024Q1 representing a change of 2.72%. This indicates a better liquidity position.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000934796
net change in cash	-15017	-1326	-1,032.50
operating cash flow	-298765	-198403	-50.58
free cash flow	-298765	-199481	-49.77
capital expenditure	-5.0	-1078	99.54
depreciation and amortization	548162	79236	591.81
deferred income tax	0	0	NaN
stock based compensation	44650	24000	86.04
accounts payables	551367	669164	-17.60
inventory	0	-669164	100.00
acquisitions net	0	0	NaN
investments in property plant and equipment	-5.0	-1078	99.54
net cash used for investing activites	0	-1078	100.00
debt repayment	278413	197161	41.21
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	278413	197161	41.21
cash at end of period	5334	20351	-73.79
accounts receivables	-101888	-74783	-36.24
cash at beginning of period	20351	21677	-6.12

Overall Score of Annual Cashflow Statement

None

Detailed Analysis

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q2	2024Q1	Q/Q change %
0000934796
operating cash flow	-30018	-34303	12.49
free cash flow	-30018	-34303	12.49
capital expenditure	1.55	0	NaN
depreciation and amortization	97949	99705	-1.76
deferred income tax	0	0	NaN
stock based compensation	0	81326	-100.00
accounts receivables	7477	162183	-95.39
accounts payables	0	-49736	100.00
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	1.55	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	22575	24300	-7.10
common stock issued	0	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	22748	24300	-6.39
net change in cash	8034	-2373	438.56
cash at end of period	10995	2961	271.33
cash at beginning of period	2961	5334	-44.49

Overall Score of Quarterly Cashflow Statement

None

Detailed Analysis

Earnings Transcripts ⓘ

No earnings transcripts available.

Earnings Per Share (EPS) ⓘ

Analyst Stock Recommendations ⓘ

Discover detailed analyst recommendations for stocks, including categories such as Buy, Hold, Sell, Strong Buy, and Strong Sell. These insights are based on thorough analysis of financial and market factors. The consensus is calculated by assigning a numerical score to each recommendation. These scores are then weighted and averaged over a specified period to provide a comprehensive view of the stock's outlook, with the final score determining the overall consensus.

Financial Ratios ⓘ

• Annual Financial Ratios

	2023-12-31	2022-12-31	Y/Y change %
FY
calendar year	2023	2022	NaN
revenue per share	0.02	0.01	293.87
net income per share	-0.09	-0.06	-46.77
operating cash flow per share	-0.01	-0.01	-41.62
free cash flow per share	-0.01	-0.01	-40.85
cash per share	0.0	0.0	-75.35
book value per share	-0.32	-0.3	-5.57
tangible book value per share	-0.35	-0.32	-9.34
shareholders equity per share	-0.32	-0.3	-5.57
interest debt per share	0.21	0.21	1.35
market cap	893913.72	11559454.5	-92.27
enterprise value	5231251.72	15589531.5	-66.44
pe ratio	-0.47	-9.46	95.04
price to sales ratio	2.0	108.54	-98.15
pocfratio	-2.99	-58.26	94.86
pfcf ratio	-2.99	-57.95	94.84
pb ratio	-0.13	-1.82	93.11
ptb ratio	-0.13	-1.82	93.11
ev to sales	11.73	146.38	-91.99
enterprise value over ebitda	-5.01	-28.35	82.33
ev to operating cash flow	-17.51	-78.58	77.72
ev to free cash flow	-17.51	-78.15	77.60
earnings yield	-2.13	-0.11	-1,918.13
free cash flow yield	-0.33	-0.02	-1,836.73
debt to equity	-0.61	-0.63	3.88
debt to assets	5.19	8.3	-37.49
net debt to ebitda	-4.15	-7.33	43.32
current ratio	0.04	0.03	41.63
interest coverage	-3.65	-2.12	-71.89
income quality	0.16	0.21	-26.91
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	1.63	6.16	-73.49
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.73	0.63	15.47
capex to operating cash flow	-0.0	-0.01	99.69
capex to revenue	0.0	0.01	-99.89
capex to depreciation	0.0	0.01	-99.93
stock based compensation to revenue	0.1	0.23	-55.58
graham number	0.78	0.63	24.48
roic	0.41	0.36	15.25
return on tangible assets	-8.45	-6.86	-23.16
graham net net	-0.35	-0.32	-8.91
working capital	-4871400	-3869183	-25.90
tangible asset value	-7723951	-6643724	-16.26
net current asset value	-7763462	-6718558	-15.55
invested capital	-4222129	-3488379	-21.03
average receivables	125727	37391.5	236.24
average payables	178255.5	38300.5	365.41
average inventory	0.0	0.0	0.00
days sales outstanding	144.58	256.3	-43.59
days payables outstanding	233.97	337.27	-30.63
days of inventory on hand	0	0.0	-100.00
receivables turnover	2.52	1.42	77.28
payables turnover	1.56	1.08	44.15
inventory turnover	0	5696707182460928	-100.00
roe	0.27	0.19	39.03
capex per share	0.0	0.0	-99.56

• Positive

  ROE: Return on Equity (ROE) increased to 0.27 on 2023-12-31 from 0.19 on 2022-12-31, representing a change of 39.03%. Suggesting the company has been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -0.47 on 2023-12-31 from -9.46 on 2022-12-31, representing a change of 95.04%. Indicating an increase in the relative valuation of the company's stock.

• Negative

  Current Ratio: Current Ratio increased to 0.04 on 2023-12-31 from 0.03 on 2022-12-31, representing a change of 41.63%. The current ratio has been increasing, suggesting an increase in the company's short-term liquidity. However, it's below 1, indicating potential liquidity issues.

• Neutral

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to -0.61 on 2023-12-31 from -0.63 on 2022-12-31, representing a change of 3.88%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

• Quarterly Financial Ratios

	2024-06-30 Q2	2024-03-31 Q1	Q/Q change %
NWCN
calendar year	2024	2024	NaN
revenue per share	0.01	0.01	-5.37
net income per share	-0.01	-0.01	13.61
operating cash flow per share	-0.0	-0.0	13.09
free cash flow per share	-0.0	-0.0	13.09
cash per share	0.0	0.0	268.80
book value per share	-0.34	-0.33	-2.77
tangible book value per share	-0.36	-0.36	-1.47
shareholders equity per share	-0.34	-0.33	-2.77
interest debt per share	0.21	0.21	-0.17
market cap	879567.5	873579.72	0.69
enterprise value	5513928.5	5494523.72	0.35
pe ratio	-0.79	-0.68	-15.76
price to sales ratio	4.26	4.03	5.67
pocfratio	-29.3	-25.47	-15.06
pfcf ratio	-29.3	-25.47	-15.06
pb ratio	-0.11	-0.11	2.69
ptb ratio	-0.11	-0.11	2.69
ev to sales	26.68	25.33	5.32
enterprise value over ebitda	-51.88	-37.31	-39.04
ev to operating cash flow	-183.69	-160.18	-14.68
ev to free cash flow	-183.69	-160.18	-14.68
earnings yield	-0.32	-0.37	13.61
free cash flow yield	-0.03	-0.04	13.09
debt to equity	-0.59	-0.61	2.88
debt to assets	8.32	7.04	18.17
net debt to ebitda	-43.6	-31.38	-38.95
current ratio	0.0	0.0	-0.16
interest coverage	-2.73	-3.37	18.90
income quality	0.11	0.11	0.61
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0.56	0.75	-25.49
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0.93	0.92	0.77
capex to operating cash flow	-0.0	0	NaN
capex to revenue	0.0	0	NaN
capex to depreciation	0.0	0	NaN
stock based compensation to revenue	0	0.37	-100.00
graham number	0.31	0.32	-5.78
roic	0.06	0.08	-23.60
return on tangible assets	-7.14	-6.34	-12.67
graham net net	-0.37	-0.36	-1.29
working capital	-5897876	-5732543	-2.88
tangible asset value	-8381089	-8203811	-2.16
net current asset value	-8401358	-8236092	-2.01
invested capital	-5359468	-5095650	-5.18
average receivables	10749.5	95579.5	-88.75
average payables	114810.5	200720	-42.80
average inventory	0	0	NaN
days sales outstanding	3.05	6.01	-49.21
days payables outstanding	46.7	36.37	28.41
days of inventory on hand	0	0	NaN
receivables turnover	29.48	14.97	96.90
payables turnover	1.93	2.47	-22.12
inventory turnover	0	0	NaN
roe	0.04	0.04	-15.94
capex per share	0.0	0	NaN

• Negative

  ROE: Return on Equity (ROE) decreased to 0.04 on 2024-06-30 Q2 from 0.04 on 2024-03-31 Q1, representing a change of -15.94%. Suggesting that the company has not been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio decreased to -0.79 on 2024-06-30 Q2 from -0.68 on 2024-03-31 Q1, representing a change of -15.76%. Indicating a decrease in the relative valuation of the company's stock.

  Current Ratio: Current Ratio decreased to 0.00 on 2024-06-30 Q2 from 0.00 on 2024-03-31 Q1, representing a change of -0.16%. The current ratio has been declining, suggesting a decrease in the company's short-term liquidity. Also, it's below 1, indicating potential liquidity issues.

• Neutral

  Debt-to-Equity Ratio: Debt-to-Equity Ratio increased to -0.59 on 2024-06-30 Q2 from -0.61 on 2024-03-31 Q1, representing a change of 2.88%. The debt-to-equity ratio has been increasing, indicating that the company has been relying more on debt financing. Higher leverage may increase financial risk. However, a ratio of 1 or below is often considered healthy and indicates that the company's total debt is equal to or less than its total equity.

Growth Rates ⓘ

• Annual Growth

• Quarterly Growth

Intrinsic Value (Discounted Cash Flow) ⓘ

Negative Sentiment: Discounted Cash Flow value is -0.13 which is lower than current price 1, indicates the company may be overvalued.