Prime Meridian Resources Corp. - PMDRF

PMDRF 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 %
PMDRF	-33.6	0	0	-49.5	-52.1	-40.1	-78.2	-82.8	-68.5	-98.0
S&P 500	1.0	3.7	2.1	2.3	8.2	25.4	31.0	80.6	196.5	33856.2

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Returns Charts ⓘ

Interactive Price Chart

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Real-time Full Quote

Attribute	Value
symbol	PMDRF
name	Prime Meridian Resources Corp.
price	0.0757
changes percentage	-33.5965
change	-0.0383
day low	0.0757
day high	0.114
year high	0.1581
year low	0.066
market cap	2588357
price avg 50	0.088402
price avg 200	0.124887
exchange	PNK
volume	5000
avg volume	2789
open	0.114
previous close	None
eps	-0.03
pe	-2.52
earnings announcement	None
shares outstanding	34192300
timestamp	2025-01-17 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: 49.0%

Overall Quarterly Financial Health: 49.7%

Income Statements ⓘ

• Annual Income Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	1074647	1534789	-29.98
interest income	0	0	NaN
interest expense	108630	148139	-26.67
ebitda	-1065470	-1459366	26.99
ebitdaratio	0	0	NaN
operating income	-1119835	-1534789	27.04
operating income ratio	0	0	NaN
net income	-1354169	-1765208	23.29
net income ratio	0	0	NaN
eps	-0.06	-0.1	36.52

Overall Score of Annual Income Statement

0.4 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Operating Expenses: Operating Expenses decreased to 1 million in 2023 from 2 million in 2022 representing a change of -29.98%. 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.

  Earnings per Share (EPS): EPS increased to -0.06 in 2023 from -0.06 in 2022 representing a change of 36.52%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

• 📉 Negative Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) decreased to -1 million in 2023 from -1 million in 2022 representing a change of 26.99%. The decrease in EBITDA indicates declined operational efficiency and profitability.

  Operating Income: Operating income decreased to -1 million in 2023 from -2 million in 2022 representing a change of 27.04%. The decrease in operating income indicates worse operational performance and decreased profitability.

  Net Income: Net income decreased to -1 million in 2023 from -2 million in 2022 representing a change of 23.29%. The decrease in net income shows worsen profitability and indicates that the company is generating less profit for each dollar of revenue.

• Quarterly Income Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
revenue	0	0	NaN
gross profit	0	0	NaN
gross profit ratio	0	0	NaN
research and development expenses	0	0	NaN
operating expenses	627757	240310	161.23
interest income	0	0	NaN
interest expense	29302	28915	1.34
ebitda	-605515	-205605	-194.50
ebitdaratio	0	0	NaN
operating income	-627757	-240310	-161.23
operating income ratio	0	0	NaN
net income	-634817	-234520	-170.69
net income ratio	0	0	NaN
eps	0	-0.01	100.00

Overall Score of Quarterly Income Statement

0.8 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Operating Expenses: Operating Expenses increased to 1 million in 2024Q3 from 0 million in 2024Q2 representing a change of 161.23%. The increase in operating expenses can be attributed to various factors such as marketing, administrative costs, and investments in infrastructure. It's important to monitor if these expenses are growing at a sustainable rate compared to revenue.

• 📈 Positive Indicators

  EBITDA: EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased to -1 million in 2024Q3 from 0 million in 2024Q2 representing a change of -194.5%. The increase in EBITDA indicates improved operational efficiency and profitability.

  Operating Income: Operating income increased to -1 million in 2024Q3 from 0 million in 2024Q2 representing a change of -161.23%. The increase in operating income indicates better operational performance and increased profitability.

  Net Income: Net income increased to -1 million in 2024Q3 from 0 million in 2024Q2 representing a change of -170.69%. The increase in net income shows improved profitability and indicates that the company is generating more profit for each dollar of revenue.

  Earnings per Share (EPS): EPS increased to 0 in 2024Q3 from 0 in 2024Q2 representing a change of 100.0%. This indicates that the company's earnings are increasing and it is becoming more profitable on a per-share basis.

Balance Sheets ⓘ

• Annual Balance Sheet

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
total assets	541095	327272	65.33
total liabilities	2781390	2561637	8.58
total equity	-2240295	-2234365	-0.27
cash and cash equivalents	65732	23241	182.83
short term investments	1000	2000	-50.00
long term investments	0	0	NaN
total current assets	324652	112741	187.96
total non current assets	216443	214531	0.89
total current liabilities	2781390	2561637	8.58
total non current liabilities	0.0	0	NaN
common stock	12563770	11374838	10.45
retained earnings	-17793735	-16439566	-8.24
total debt	1160009	1088247	6.59

Overall Score of Annual Balance Sheet

0.4 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 65.33%. Suggesting a growth in asset holdings.

  Cash And Cash Equivalents: Cash And Cash Equivalents increased to 0 million in 2023 from 0 million in 2022 representing a change of 182.83%. This indicates an increase in available liquid assets.

  Total Current Assets: Total Current Assets increased to 0 million in 2023 from 0 million in 2022 representing a change of 187.96%. This indicates a better liquidity position.

  Common Stock: Common Stock increased to 13 in 2023 from 11 in 2022 representing a change of 10.45%. This indicates an increase in ownership interest.

• 📉 Negative Indicators

  Total Liabilities: Total Liabilities increased to 3 million in 2023 from 3 million in 2022 representing a change of 8.58%. This indicates an increase in overall liabilities.

  Total Equity: Total Equity decreased to -2 million in 2023 from -2 million in 2022 representing a change of -0.27%. This indicates a decrease in shareholders' equity.

  Short Term Investments: Short Term Investments decreased to 0 million in 2023 from 0 million in 2022 representing a change of -50.0%. This indicates a decrease in short-term investment holdings.

  Total Current Liabilities: Total Current Liabilities increased to 3 million in 2023 from 3 million in 2022 representing a change of 8.58%. This indicates a higher short-term debt burden.

  Retained Earnings: Retained Earnings decreased to -18 million in 2023 from -16 million in 2022 representing a change of -8.24%. This indicates an accumulated losses.

  Total Debt: Total Debt increased to 1 million in 2023 from 1 million in 2022 representing a change of 6.59%. This indicates an increase in overall debt burden.

• Quarterly Balance Sheet

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
total assets	236038	593877	-60.25
total liabilities	2908156	3160940	-8.00
total equity	-2672118	-2567063	-4.09
cash and cash equivalents	591	23587	-97.49
short term investments	1500	1500	0.00
long term investments	0	0	NaN
total current assets	45869	376681	-87.82
total non current assets	190169	217196	-12.44
total current liabilities	1549221	1812329	-14.52
total non current liabilities	1358935	1348611	0.77
common stock	13404520	12563770	6.69
retained earnings	-19006184	-18371367	-3.46
total debt	1484640	1512267	-1.83

Overall Score of Quarterly Balance Sheet

0.44 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Total Assets: Total Assets decreased to 0 million in 2024Q3 from 1 million in 2024Q2 representing a change of -60.25%. Suggesting a decrease in asset holdings.

  Total Equity: Total Equity decreased to -3 million in 2024Q3 from -3 million in 2024Q2 representing a change of -4.09%. This indicates a decrease in shareholders' equity.

  Cash And Cash Equivalents: Cash And Cash Equivalents decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -97.49%. This indicates a decrease in available liquid assets.

  Total Current Assets: Total Current Assets decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -87.82%. This indicates a worsen liquidity position.

  Retained Earnings: Retained Earnings decreased to -19 million in 2024Q3 from -18 million in 2024Q2 representing a change of -3.46%. This indicates an accumulated losses.

• 📈 Positive Indicators

  Total Liabilities: Total Liabilities decreased to 3 million in 2024Q3 from 3 million in 2024Q2 representing a change of -8.0%. This indicates a decrease in overall liabilities.

  Total Current Liabilities: Total Current Liabilities decreased to 2 million in 2024Q3 from 2 million in 2024Q2 representing a change of -14.52%. This indicates a lower short-term debt burden.

  Common Stock: Common Stock increased to 13 in 2024Q3 from 13 in 2024Q2 representing a change of 6.69%. This indicates an increase in ownership interest.

  Total Debt: Total Debt decreased to 1 million in 2024Q3 from 2 million in 2024Q2 representing a change of -1.83%. This indicates a reduction in overall debt burden.

Cashflow Statements ⓘ

• Annual Cashflow Statement

Note: The years below are fiscal years in accounting.

	2023	2022	Y/Y change %
0000000000
net change in cash	42491	-224513	118.93
operating cash flow	-924099	-538034	-71.75
free cash flow	-1140542	-538865	-111.66
capital expenditure	-216443	-831	-25946.09
depreciation and amortization	0	10.65	-100.00
deferred income tax	0	0	NaN
stock based compensation	0	459600	-100.00
accounts payables	197793	344166	-42.53
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	-216443	-831	-25946.09
net cash used for investing activites	-216443.0	-831	-25946.09
debt repayment	-100000	-200000	50.00
common stock issued	1149233	318400	260.94
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	1183033	314352	276.34
cash at end of period	65732	23241	182.83
accounts receivables	0	0	NaN
cash at beginning of period	23241	247754	-90.62

Overall Score of Annual Cashflow Statement

0.67 out of 1

Detailed Analysis

• 📈 Positive Indicators

  Net Change in Cash: Net Change in Cash increased to 0 million in 2023 from 0 million in 2022 representing a change of 118.93%. Indicating an increased ability to generate cash from the company's operations or its cash flow position.

  Capital Expenditure: Capital Expenditure decreased to 0 million in 2023 from 0 million in 2022 representing a change of -25946.09%. This indicates a possible improved efficiency or a shift in the company's strategic priorities.

  Stock-Based Compensation: Stock-Based Compensation decreased to 0 million in 2023 from 0 million in 2022 representing a change of -100.0%. This indicates decreased expenses, which is generally considered a positive sign from a financial perspective.

  Accounts Payables: The absolute value of Accounts Payables decreased to 0 million in 2023 from 0 million in 2022 representing a change of -42.53%. This indicates that the company has reduced its outstanding obligations to its suppliers.

• 📉 Negative Indicators

  Operating Cash Flow: Operating Cash Flow decreased to -1 million in 2023 from -1 million in 2022 representing a change of -71.75%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to -1 million in 2023 from -1 million in 2022 representing a change of -111.66%. This indicates a decrease in cash generated after accounting for capital expenditures.

• Quarterly Cashflow Statement

Note: The years below are fiscal years in accounting.

	2024Q3	2024Q2	Q/Q change %
0000000000
operating cash flow	-438407	-221040	-98.34
free cash flow	-438407	-221040	-98.34
capital expenditure	0	0	NaN
depreciation and amortization	0	0	NaN
deferred income tax	0	0	NaN
stock based compensation	0	0	NaN
accounts receivables	-2184	0	NaN
accounts payables	0	0	NaN
inventory	0	0	NaN
acquisitions net	0	0	NaN
investments in property plant and equipment	0	0	NaN
net cash used for investing activites	0	0	NaN
debt repayment	-40000	98674	-140.54
common stock issued	706950	0	NaN
common stock repurchased	0	0	NaN
dividends paid	0	0	NaN
net cash used provided by financing activities	408250	222467	83.51
net change in cash	-22996	2838	-910.29
cash at end of period	591	23587	-97.49
cash at beginning of period	23587	20749	13.68

Overall Score of Quarterly Cashflow Statement

0.25 out of 1

Detailed Analysis

• 📉 Negative Indicators

  Net Change in Cash: Net Change in Cash decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -910.29%. Indicating a declined ability to generate cash from the company's operations or its cash flow position.

  Operating Cash Flow: Operating Cash Flow decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -98.34%. This indicates that the company generated less cash from its core business operations.

  Free Cash Flow: Free Cash Flow decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of -98.34%. This indicates a decrease in cash generated after accounting for capital expenditures.

• 📈 Positive Indicators

  Accounts Receivables: Accounts Receivables decreased to 0 million in 2024Q3 from 0 million in 2024Q2 representing a change of nan%. This suggests that the company has been able to collect payments from its customers more efficiently and timely.

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	0	NaN
net income per share	-0.06	-0.1	36.48
operating cash flow per share	-0.04	-0.03	-42.21
free cash flow per share	-0.05	-0.03	-75.25
cash per share	0.0	0.0	118.90
book value per share	-0.1	-0.12	16.98
tangible book value per share	-0.1	-0.12	16.98
shareholders equity per share	-0.1	-0.12	16.98
interest debt per share	0.06	0.07	-15.04
market cap	3744645.23	8721176.66	-57.06
enterprise value	4838922.23	9786182.66	-50.55
pe ratio	-2.77	-4.94	44.03
price to sales ratio	0	0	NaN
pocfratio	-4.05	-16.21	75.00
pfcf ratio	-3.28	-16.18	79.71
pb ratio	-1.67	-3.9	57.18
ptb ratio	-1.67	-3.9	57.18
ev to sales	0	0	NaN
enterprise value over ebitda	-4.54	-6.71	32.27
ev to operating cash flow	-5.24	-18.19	71.21
ev to free cash flow	-4.24	-18.16	76.64
earnings yield	-0.36	-0.2	-78.67
free cash flow yield	-0.3	-0.06	-392.94
debt to equity	-0.52	-0.49	-6.31
debt to assets	2.14	3.33	-35.53
net debt to ebitda	-1.03	-0.73	-40.73
current ratio	0.12	0.04	165.21
interest coverage	-10.31	-10.36	0.50
income quality	0.68	0.3	123.89
dividend yield	0	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	-0.23	-0.0	-15064.70
capex to revenue	0	0	NaN
capex to depreciation	0	78.03	-100.00
stock based compensation to revenue	0	0	NaN
graham number	0.37	0.51	-27.38
roic	1.04	1.44	-28.18
return on tangible assets	-2.5	-5.39	53.60
graham net net	-0.12	-0.14	11.38
working capital	-2456738	-2448896	-0.32
tangible asset value	-2240295	-2234365	-0.27
net current asset value	-2456738	-2448896	-0.32
invested capital	-2240295	-2234365	-0.27
average receivables	0	0	NaN
average payables	1020866.5	744943	37.04
average inventory	0	0	NaN
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.6	0.79	-23.49
capex per share	0.01	0.0	21465.98

• Neutral

  ROE: Return on Equity (ROE) decreased to 0.60 on 2023-12-31 from 0.79 on 2022-12-31, representing a change of -23.49%. However, ROE is >= 15%, suggesting that the company has been generating high returns for its shareholders still.

• Positive

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to -2.77 on 2023-12-31 from -4.94 on 2022-12-31, representing a change of 44.03%. Indicating an increase in the relative valuation of the company's stock.

  Debt-to-Equity Ratio: Debt-to-Equity Ratio decreased to -0.52 on 2023-12-31 from -0.49 on 2022-12-31, representing a change of -6.31%. The debt-to-equity ratio has been decreasing, indicating that the company has been relying less on debt financing. 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.

• Negative

  Current Ratio: Current Ratio increased to 0.12 on 2023-12-31 from 0.04 on 2022-12-31, representing a change of 165.21%. 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.

• Quarterly Financial Ratios

	2024-09-30 Q3	2024-06-30 Q2	Q/Q change %
PMDRF
calendar year	2024	2024	NaN
revenue per share	0	0	NaN
net income per share	0	-0.01	100.00
operating cash flow per share	0	-0.01	100.00
free cash flow per share	0	-0.01	100.00
cash per share	0	0.0	-100.00
book value per share	0	-0.1	100.00
tangible book value per share	0	-0.1	100.00
shareholders equity per share	0	-0.1	100.00
interest debt per share	0	0.06	-100.00
market cap	0	2821256.57	-100.00
enterprise value	1484049	4309936.57	-65.57
pe ratio	0	-3.01	100.00
price to sales ratio	0	0	NaN
pocfratio	0	-12.76	100.00
pfcf ratio	0	-12.76	100.00
pb ratio	0	-1.1	100.00
ptb ratio	0	-1.1	100.00
ev to sales	0	0	NaN
enterprise value over ebitda	-2.45	-20.96	88.31
ev to operating cash flow	-3.39	-19.5	82.64
ev to free cash flow	-3.39	-19.5	82.64
earnings yield	None	-0.08	NaN
free cash flow yield	0	-0.08	100.00
debt to equity	-0.56	-0.59	5.69
debt to assets	6.29	2.55	147.01
net debt to ebitda	-2.45	-7.24	66.15
current ratio	0.03	0.21	-85.75
interest coverage	-21.42	-8.31	-157.78
income quality	0.69	0.94	-26.73
dividend yield	None	0	NaN
payout ratio	0	0	NaN
sales general and administrative to revenue	0	0	NaN
research and ddevelopement to revenue	0	0	NaN
intangibles to total assets	0	0	NaN
capex to operating cash flow	0	0	NaN
capex to revenue	0	0	NaN
capex to depreciation	0	0	NaN
stock based compensation to revenue	0	0	NaN
graham number	0	0.14	-100.00
roic	0.53	0.23	132.04
return on tangible assets	-2.69	-0.39	-581.06
graham net net	0	-0.12	100.00
working capital	-1503352	-1435648	-4.72
tangible asset value	-2672118	-2567063	-4.09
net current asset value	-2862287	-2784259	-2.80
invested capital	-1313183	-1218452	-7.77
average receivables	40732	19820	105.51
average payables	1303194.5	1302427	0.06
average inventory	-19820	-31638	37.35
days sales outstanding	0	0	NaN
days payables outstanding	0	0	NaN
days of inventory on hand	0	0	NaN
receivables turnover	0	0	NaN
payables turnover	0	0	NaN
inventory turnover	0	0	NaN
roe	0.24	0.09	160.05
capex per share	0	0	NaN

• Positive

  ROE: Return on Equity (ROE) increased to 0.24 on 2024-09-30 Q3 from 0.09 on 2024-06-30 Q2, representing a change of 160.05%. Suggesting the company has been generating high returns for its shareholders.

  PE Ratio: Price-to-Earnings (P/E) Ratio increased to 0.00 on 2024-09-30 Q3 from -3.01 on 2024-06-30 Q2, representing a change of 100.00%. Indicating an increase in the relative valuation of the company's stock.

• Negative

  Current Ratio: Current Ratio decreased to 0.03 on 2024-09-30 Q3 from 0.21 on 2024-06-30 Q2, representing a change of -85.75%. 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 -0.56 on 2024-09-30 Q3 from -0.59 on 2024-06-30 Q2, representing a change of 5.69%. 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 -0.03 which is lower than current price 0.08, indicates the company may be overvalued.