NASDAQ : PFAI
Pinnacle Food Group Limited — Financial statements
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Financial statements
Pinnacle Food Group Limited (PFAI) reported revenue of 3.41M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 3.41M | 3.41M | 3.29M | 2.10M | 177.33K |
| Cost of Revenue | 2.07M | 2.07M | 1.73M | 818.35K | 106.83K |
| Gross Profit | 1.35M | 1.35M | 1.56M | 1.28M | 70.49K |
| Selling, General & Admin | 3.10M | 3.10M | 940.68K | 229.22K | 220.34K |
| Research & Development | 123.33K | 123.33K | 4.38K | ||
| Operating Expenses | 3.23M | 3.23M | 940.68K | 233.60K | 220.34K |
| Operating Income | -1.88M | -1.88M | 614.84K | 1.05M | -149.85K |
| Other Non Operating Income (Expenses) | 116.44K | 116.44K | -129.19K | 86.57K | -1.84K |
| EBT Excluding Unusual Items | -1.77M | -1.77M | 485.65K | 1.14M | -151.69K |
| Merger & Restructuring Charges | -40.06K | -40.06K | -53.47K | ||
| Pretax Income | -1.81M | -1.81M | 485.65K | 1.14M | -205.16K |
| Income Tax Expense | 98.40K | 98.40K | 199.50K | 217.76K | |
| Net Income | -1.90M | -1.90M | 286.14K | 917.69K | -205.16K |
| Net Income to Common | -1.90M | -1.90M | 286.14K | 917.69K | -205.16K |
| Shares Outstanding (Basic) | 11.16M | 11.16M | 9.59M | 8.55M | 8.55M |
| Shares Outstanding (Diluted) | 11.16M | 11.16M | 9.59M | 8.55M | 8.55M |
| EPS (Basic) | -0.17 | -0.17 | 0.03 | 0.11 | -0.02 |
| EPS (Diluted) | -0.17 | -0.17 | 0.03 | 0.11 | -0.02 |
| Free Cash Flow | -5.31M | -5.31M | -590.89K | 59.33K | -107.86K |
| Free Cash Flow Per Share | -0.48 | -0.48 | -0.06 | 0.01 | -0.01 |
| Gross Margin | 39.44% | 39.44% | 47.28% | 61.05% | 39.75% |
| Operating Margin | -55.14% | -55.14% | 18.69% | 49.93% | -84.51% |
| Profit Margin | -55.78% | -55.78% | 8.70% | 43.68% | -115.69% |
| Free Cash Flow Margin | -155.62% | -155.62% | -17.96% | 2.82% | -60.82% |
| EBITDA | -1.58M | -1.58M | 957.81K | 1.19M | -146.51K |
| EBITDA Margin | -46.20% | -46.20% | 29.11% | 56.68% | -82.62% |
| D&A For EBITDA | 305.02K | 305.02K | 342.98K | 141.94K | 3.35K |
| EBIT | -1.88M | -1.88M | 614.84K | 1.05M | -149.85K |
| EBIT Margin | -55.14% | -55.14% | 18.69% | 49.93% | -84.51% |
| Effective Tax Rate | 41.08% | 19.18% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 942.82K | 942.82K | 685.80K | 121.37K | 11.53K |
| Cash & Short-Term Investments | 942.82K | 942.82K | 685.80K | 121.37K | 11.53K |
| Accounts Receivable | 4.15M | 4.15M | 2.95M | 1.91M | |
| Other Receivables | 168.02K | 168.02K | 13.60K | 13.23K | 3.04K |
| Receivables | 4.32M | 4.32M | 3.19M | 1.93M | 3.04K |
| Inventory | 25.07K | 25.07K | 21.16K | 64.01K | |
| Prepaid Expenses | 33.83K | 33.83K | 11.41K | 13.19K | |
| Total Current Assets | 5.32M | 5.32M | 3.90M | 2.13M | 14.57K |
| Property, Plant & Equipment | 3.15M | 3.15M | 922.33K | 1.27M | 118.72K |
| Long-Term Investments | 82.96K | 82.96K | |||
| Other Intangible Assets | 1.73M | 1.73M | 256.81K | 423.31K | |
| Long-Term Deferred Charges | 522.11K | ||||
| Total Assets | 10.29M | 10.29M | 5.60M | 3.82M | 133.29K |
| Accounts Payable | 1.37M | 1.37M | 1.82M | 2.39M | |
| Accrued Expenses | 291.43K | 291.43K | 13.16K | 9.02K | 6.54K |
| Short-Term Debt | 79.59K | 79.59K | 519.53K | 341.95K | 303.06K |
| Current Portion of Long-Term Debt | 22.19K | 22.19K | |||
| Current Portion of Leases | 173.49K | 173.49K | 55.67K | 65.50K | 28.67K |
| Current Income Taxes Payable | 458.55K | 458.55K | 342.22K | 118.89K | |
| Current Unearned Revenue | 14.59K | 14.59K | 93.95K | 9.87K | 73.83K |
| Other Current Liabilities | 2.46K | 2.46K | 61.24K | 38.49K | 4.17K |
| Total Current Liabilities | 2.42M | 2.42M | 2.90M | 2.98M | 416.27K |
| Long-Term Debt | 999.15K | 999.15K | |||
| Long-Term Leases | 510.65K | 510.65K | 106.23K | 176.14K | 85.56K |
| Long-Term Deferred Tax Liabilities | 43.87K | 106.00K | |||
| Total Liabilities | 3.93M | 3.93M | 3.05M | 3.26M | 501.84K |
| Common Stock | 587.00 | 587.00 | 495.00 | 428.00 | 428.00 |
| Additional Paid-In Capital | 5.23M | 5.23M | |||
| Retained Earnings | -1.08M | -1.08M | 820.79K | 534.64K | -383.04K |
| Comprehensive Income & Other | 28.93K | 28.93K | -354.71K | -2.25M | -2.20M |
| Total Common Equity | 4.17M | 4.17M | 466.57K | -1.71M | -2.58M |
| Minority Interest | 2.19M | 2.19M | 2.08M | 2.27M | 2.21M |
| Shareholders' Equity | 6.36M | 6.36M | 2.55M | 556.42K | -368.55K |
| Total Liabilities & Equity | 10.29M | 10.29M | 5.60M | 3.82M | 133.29K |
| Total Debt | 1.79M | 1.79M | 681.43K | 583.59K | 417.30K |
| Net Cash (Debt) | -842.25K | -842.25K | 4.36K | -462.22K | -405.77K |
| Net Cash Per Share | -0.08 | -0.08 | 0.00 | -0.05 | -0.05 |
| Filing Date Shares Outstanding | 11.74M | 11.74M | 11.70M | 9.90M | 8.55M |
| Total Common Shares Outstanding | 11.74M | 11.74M | 9.90M | 9.90M | 8.55M |
| Working Capital | 2.91M | 2.91M | 999.65K | -852.36K | -401.70K |
| Book Value Per Share | 0.36 | 0.36 | 0.05 | -0.17 | -0.30 |
| Tangible Book Value | 2.44M | 2.44M | 209.76K | -2.13M | -2.58M |
| Tangible Book Value Per Share | 0.21 | 0.21 | 0.02 | -0.22 | -0.30 |
| Land | 962.27K | 962.27K | |||
| Buildings | 371.13K | 371.13K | |||
| Machinery | 1.72M | 1.72M | 1.11M | 1.10M | 17.22K |
| Leasehold Improvements | 19.71K | 19.71K | 19.71K | 19.71K | 16.74K |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | -1.90M | -1.90M | 286.14K | 917.69K | -205.16K |
| Depreciation & Amortization | 305.02K | 305.02K | 342.98K | 141.94K | 3.35K |
| Asset Writedown & Restructuring Costs | 117.45K | 117.45K | 13.72K | ||
| Stock-Based Compensation | 42.67K | 42.67K | |||
| Provision & Write-off of Bad Debts | 150.81K | 150.81K | 94.83K | ||
| Other Operating Activities | 109.64K | 109.64K | 7.42K | 122.86K | 75.23K |
| Change in Accounts Receivable | -1.21M | -1.21M | -1.35M | -1.91M | 2.44K |
| Change in Inventory | -42.87K | -42.87K | 39.58K | -64.01K | -53.47K |
| Change in Accounts Payable | -1.27M | -1.27M | 685.66K | 819.60K | -2.24K |
| Change in Unearned Revenue | -82.40K | -82.40K | 89.16K | -63.97K | 73.83K |
| Change in Income Taxes | 93.54K | 93.54K | 255.77K | 118.89K | |
| Change in Other Net Operating Assets | 109.99K | 109.99K | -251.16K | -16.76K | 1.69K |
| Operating Cash Flow | -3.59M | -3.59M | 204.35K | 62.35K | -90.60K |
| Capital Expenditures | -1.73M | -1.73M | -795.23K | -3.02K | -17.25K |
| Sale (Purchase) of Intangibles | -1.03M | -1.03M | -303.32K | ||
| Investing Cash Flow | -2.76M | -2.76M | -1.10M | -3.02K | -17.25K |
| Short-Term Debt Issued | 216.26K | 38.89K | 93.80K | ||
| Long-Term Debt Issued | 1.00M | 1.00M | |||
| Total Debt Issued | 1.00M | 1.00M | 216.26K | 38.89K | 93.80K |
| Short-Term Debt Repaid | -458.78K | -458.78K | |||
| Long-Term Debt Repaid | -17.26K | -17.26K | |||
| Total Debt Repaid | -476.04K | -476.04K | |||
| Net Debt Issued (Repaid) | 527.13K | 527.13K | 216.26K | 38.89K | 93.80K |
| Issuance of Common Stock | 6.38M | 6.38M | 1.80M | ||
| Other Financing Activities | -228.88K | -228.88K | -531.43K | ||
| Financing Cash Flow | 6.68M | 6.68M | 1.48M | 38.89K | 93.80K |
| Foreign Exchange Rate Adjustments | -81.28K | -81.28K | -26.20K | 11.62K | 20.16K |
| Net Cash Flow | 257.02K | 257.02K | 564.43K | 109.84K | 6.10K |
| Free Cash Flow | -5.31M | -5.31M | -590.89K | 59.33K | -107.86K |
| Free Cash Flow Margin | -155.62% | -155.62% | -17.96% | 2.82% | -60.82% |
| Free Cash Flow Per Share | -0.48 | -0.48 | -0.06 | 0.01 | -0.01 |
| Levered Free Cash Flow | -4.93M | -4.93M | -1.83M | 1.28M | |
| Unlevered Free Cash Flow | -4.93M | -4.93M | -1.83M | 1.28M | |
| Cash Interest Paid | 11.43K | 11.43K | |||
| Change in Working Capital | -2.41M | -2.41M | -527.03K | -1.12M | 22.26K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 46.36M | 24.28M | |||
| Enterprise Value | 47.20M | 21.54M | |||
| Last Close Price | 3.65 | 2.08 | |||
| PS Ratio | 13.31 | 7.12 | |||
| PB Ratio | 10.27 | 3.82 | |||
| P/TBV Ratio | 18.61 | 9.95 | |||
| EV/Sales Ratio | 13.55 | 6.31 | |||
| Debt / Equity Ratio | 0.28 | 0.28 | 0.27 | 1.05 | -1.13 |
| Debt / EBITDA Ratio | 0.65 | 0.48 | |||
| Debt / FCF Ratio | 9.84 | ||||
| Net Debt / Equity Ratio | 0.13 | 0.13 | -0.00 | 0.83 | -1.10 |
| Net Debt / EBITDA Ratio | -0.53 | -0.53 | -0.01 | 0.39 | -2.77 |
| Net Debt / FCF Ratio | -0.16 | -0.16 | 0.01 | 7.79 | -3.76 |
| Asset Turnover | 0.43 | 0.43 | 0.70 | 1.06 | |
| Inventory Turnover | 89.43 | 89.43 | 40.73 | ||
| Quick Ratio | 2.18 | 2.18 | 1.26 | 0.69 | 0.04 |
| Current Ratio | 2.20 | 2.20 | 1.34 | 0.71 | 0.04 |
| Return on Equity (ROE) | -42.73% | -42.73% | 18.42% | 976.96% | |
| Return on Assets (ROA) | -14.80% | -14.80% | 8.16% | 33.19% | |
| Return on Invested Capital (ROIC) | -26.12% | -38.60% | 20.32% | 230.47% | |
| Return on Capital Employed (ROCE) | -23.90% | -23.90% | 22.80% | 125.10% | 53.00% |
| Earnings Yield | -4.32% | -7.84% | |||
| FCF Yield | -11.69% | -21.87% | |||
| Buyback Yield / Dilution | -16.36% | -16.36% | -12.16% |