9 Spokes International Ltd
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Quick analysis of 9 Spokes International Ltd (30 sec.)

1. Valuation of 9 Spokes International Ltd (5 min.)

Live pricePrice per share (EOD)

A$0.00

Book Value per Share

A$0.00

2. Growth of 9 Spokes International Ltd (5 min.)

Is 9 Spokes International Ltd growing?

	Current year	Previous year	Grow	Grow %
How rich?	$737.2k	$3.1m	-$912.3k	-40.9%

How much money is 9 Spokes International Ltd making?

	Current year	Previous year	Grow	Grow %
Making money	-$1.4m	-$923.7k	-$477.1k	?
Net Profit Margin	-53.8%	-61.3%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of 9 Spokes International Ltd (5 min.)

Fundamentals of 9 Spokes International Ltd

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very inefficient.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is just able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

1.1. Profitability of 9 Spokes International Ltd.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit 9 Spokes International Ltd earns for each $1 of revenue.

Above 10% is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
A Net Profit Margin of -71.2% means that $-0.71 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of 9 Spokes International Ltd:

The MRQ is -71.2%. The company is making a huge loss. -2
The TTM is -53.8%. The company is making a huge loss. -2

Trends

Current period		Compared to		+/-
MRQ	-71.2%	TTM	-53.8%	-17.4%
TTM	-53.8%	YOY	-61.3%	+7.5%
TTM	-53.8%	5Y	-188.2%	+134.4%
5Y	-188.2%	10Y	-280.9%	+92.7%

Measures how much net profit 9 Spokes International Ltd earns for each $1 of revenue.

Revenue is the amount of profit 9 Spokes International Ltd generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit 9 Spokes International Ltd earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
Can be used to compare companies within the Software & IT Services industry.

You typically want a high profit margin. This means that for each $1 in sales, 9 Spokes International Ltd makes more profit. This shows the investor how efficiently 9 Spokes International Ltd is operating in general and compared to other companies in the same industry. 9 Spokes International Ltd operates in the Software & IT Services industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of 9 Spokes International Ltd. If profit margins remain low (compared to the Software & IT Services industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of 9 Spokes International Ltd is -0.71. This means that 9 Spokes International Ltd earned $-0.71 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare 9 Spokes International Ltd with other companies in the same industry (Software & IT Services).
Net profit margin should rise over the years.
Can be influenced when 9 Spokes International Ltd sells assets (profit will increase while costs remain the same).
It won’t show what part of 9 Spokes International Ltd is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of 9 Spokes International Ltd

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ 9 Spokes International Ltd = -2,435
Total revenue MRQ 9 Spokes International Ltd = 3,420
$-2,435 / $3,420 = -0.71 or -71.2%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient 9 Spokes International Ltd is using its assets to generate profit.

Above 5% is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
-50.6% Return on Assets means that 9 Spokes International Ltd generated $-0.51 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of 9 Spokes International Ltd:

The MRQ is -50.6%. Using its assets, the company is very inefficient in making profit. -2
The TTM is -30.9%. Using its assets, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-50.6%	TTM	-30.9%	-19.7%
TTM	-30.9%	YOY	-14.9%	-16.0%
TTM	-30.9%	5Y	-40.3%	+9.4%
5Y	-40.3%	10Y	-38.5%	-1.8%

Shows how efficient 9 Spokes International Ltd is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively 9 Spokes International Ltd is using its resources to generate profit. If the return on assets (-50.6%) from 9 Spokes International Ltd are higher than the Software & IT Services mean () that means 9 Spokes International Ltd is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of 9 Spokes International Ltd is -50.6%. This means the company generated $-0.51 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example 9 Spokes International Ltd

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from 9 Spokes International Ltd = -2,435
Total assets MRQ (balance sheet) from 9 Spokes International Ltd = 4,808
-2,435 / 4,808 = -0.51 or -50.6%

ROA is an important ratio as it will tell you how effectively 9 Spokes International Ltd is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient 9 Spokes International Ltd is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
-199.2% Return on Equity means 9 Spokes International Ltd generated $-1.99 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of 9 Spokes International Ltd:

The MRQ is -199.2%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is -92.5%. Using its investors money, the company is very inefficient in making profit. -2

Trends

Current period		Compared to		+/-
MRQ	-199.2%	TTM	-92.5%	-106.7%
TTM	-92.5%	YOY	-33.8%	-58.7%
TTM	-92.5%	5Y	-198.8%	+106.3%
5Y	-198.8%	10Y	-183.6%	-15.3%

Shows how efficient 9 Spokes International Ltd is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Software & IT Services industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of 9 Spokes International Ltd is -199.2%. This means 9 Spokes International Ltd generated $-1.99 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if 9 Spokes International Ltd existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of 9 Spokes International Ltd

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) 9 Spokes International Ltd = -2,435
Shareholders equity (balance sheet) MRQ 9 Spokes International Ltd = 1,222
-2,435 / 1,222 = -1.99 or -199.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of 9 Spokes International Ltd.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient 9 Spokes International Ltd is operating .

Measures how much profit 9 Spokes International Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
An Operating Margin of -35.2% means the company generated $-0.35 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of 9 Spokes International Ltd:

The MRQ is -35.2%. The company is operating very inefficient. -2
The TTM is -26.7%. The company is operating very inefficient. -2

Trends

Current period		Compared to		+/-
MRQ	-35.2%	TTM	-26.7%	-8.5%
TTM	-26.7%	YOY	-42.3%	+15.6%
TTM	-26.7%	5Y	-172.5%	+145.8%
5Y	-172.5%	10Y	-266.7%	+94.2%

Measures how efficient 9 Spokes International Ltd is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit 9 Spokes International Ltd is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of 9 Spokes International Ltd is -35.2%. This means that 9 Spokes International Ltd earned $-0.35 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of 9 Spokes International Ltd

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ 9 Spokes International Ltd = -2,411
Total revenue MRQ 9 Spokes International Ltd = 3,420
$-2,411 / $3,420 = -0.35 or -35.2%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient 9 Spokes International Ltd is keeping operating costs low.

Below 1 is considered healthy (always compare to Software & IT Services industry mean).
An Operation Ratio of 0.00 means that the operating costs are $0.00 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of 9 Spokes International Ltd:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	-	0.000
TTM	-	YOY	0.059	-0.059
TTM	-	5Y	1.157	-1.157
5Y	1.157	10Y	2.019	-0.862

Measures how efficient 9 Spokes International Ltd is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of 9 Spokes International Ltd is 0.0%. This means that 9 Spokes International Ltd earned $0.00 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example 9 Spokes International Ltd

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
( +) \ 3,420 = 0.00

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of 9 Spokes International Ltd.

1.3. Liquidity

1.3.1. Current Ratio

Measures if 9 Spokes International Ltd is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Software & IT Services industry mean).
A Current Ratio of 1.63 means the company has $1.63 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of 9 Spokes International Ltd:

The MRQ is 1.632. The company is able to pay all its short-term debts. +1
The TTM is 1.768. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	1.632	TTM	1.768	-0.137
TTM	1.768	YOY	3.050	-1.282
TTM	1.768	5Y	1.971	-0.203
5Y	1.971	10Y	2.060	-0.089

Measures if 9 Spokes International Ltd is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Software & IT Services industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for 9 Spokes International Ltd if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of 9 Spokes International Ltd is 1.63. This means 9 Spokes International Ltd has $1.63 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example 9 Spokes International Ltd

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
4,392 \ 2,692) = 1.63

The current ratio measures if 9 Spokes International Ltd is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if 9 Spokes International Ltd is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then 9 Spokes International Ltd does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate 9 Spokes International Ltd is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if 9 Spokes International Ltd is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
A Quick Ratio of 1.32 means the company can pay off $1.32 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of 9 Spokes International Ltd:

The MRQ is 1.321. The company is able to pay all its short-term debts with the most liquid assets. +1
The TTM is 1.028. The company is just able to pay all its short-term debts with the most liquid assets.

Trends

Current period		Compared to		+/-
MRQ	1.321	TTM	1.028	+0.293
TTM	1.028	YOY	1.720	-0.692
TTM	1.028	5Y	1.063	-0.035
5Y	1.063	10Y	1.196	-0.133

Measures if 9 Spokes International Ltd is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast 9 Spokes International Ltd can pay off its short term debts. This shows if 9 Spokes International Ltd can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of 9 Spokes International Ltd is 1.32. This means that 9 Spokes International Ltd can pay off $1.32 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example 9 Spokes International Ltd

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio 9 Spokes International Ltd: (2,817 + +738) / 2,692 = 1.32

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of 9 Spokes International Ltd.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of 9 Spokes International Ltd assets are financed with debt.

Below 1 (100%) is considered healthy but always compare 9 Spokes International Ltd to Software & IT Services industry mean.
A Debt to Asset Ratio of 0.75 means that 9 Spokes International Ltd assets are financed with 74.6% credit (debt) and the remaining percentage (100% - 74.6%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of 9 Spokes International Ltd:

The MRQ is 0.746. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.589. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.746	TTM	0.589	+0.157
TTM	0.589	YOY	0.525	+0.064
TTM	0.589	5Y	0.797	-0.208
5Y	0.797	10Y	0.754	+0.043

Measures how much % of 9 Spokes International Ltd assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake 9 Spokes International Ltd than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare 9 Spokes International Ltd to Software & IT Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of 9 Spokes International Ltd is 0.75. This means means that 9 Spokes International Ltd is financed with 74.6% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why 9 Spokes International Ltd has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example 9 Spokes International Ltd

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
3,586 \ 4,808 = 74.6% or 0.75.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if 9 Spokes International Ltd is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
A Debt to Equity ratio of 293.4% means that company has $2.93 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of 9 Spokes International Ltd:

The MRQ is 2.934. The company is unable to pay all its debts with equity. -1
The TTM is 1.671. The company is just able to pay all its debts with equity.

Trends

Current period		Compared to		+/-
MRQ	2.934	TTM	1.671	+1.263
TTM	1.671	YOY	1.272	+0.399
TTM	1.671	5Y	3.435	-1.764
5Y	3.435	10Y	3.167	+0.268

Measures if 9 Spokes International Ltd is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of 9 Spokes International Ltd is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of 9 Spokes International Ltd is 2.93. This means that 9 Spokes International Ltd can pay off $2.93 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example 9 Spokes International Ltd

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
3,586 \ 1,222 = 2.93 or 293.4%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of 9 Spokes International Ltd

2. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings 9 Spokes International Ltd generates.

Above 15 is considered overpriced but always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
A PE ratio of -10.15 means the investor is paying $-10.15 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of 9 Spokes International Ltd:

The EOD is -6.763. Company is losing money. -2
The MRQ is -10.145. Company is losing money. -2
The TTM is -13.859. Company is losing money. -2

Trends

Current period		Compared to		+/-
EOD	-6.763	MRQ	-10.145	+3.382
MRQ	-10.145	TTM	-13.859	+3.714
TTM	-13.859	YOY	-43.971	+30.112
TTM	-13.859	5Y	-27.106	+13.247
5Y	-27.106	10Y	-32.360	+5.254

Measures how much money you pay for each share for every $1 in earnings 9 Spokes International Ltd generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare 9 Spokes International Ltd to the Software & IT Services industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of 9 Spokes International Ltd is -10.15. This means the investor is paying $-10.15 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Software & IT Services industry is .
What is the trend?
The trend is important because it shows you how 9 Spokes International Ltd is performing over time. The most recent quarter might be important if 9 Spokes International Ltd released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for 9 Spokes International Ltd up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example 9 Spokes International Ltd

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
-1,218 \ 1,493,337 = EPS
PE ratio MRQ = -10.15

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of 9 Spokes International Ltd.

Lower is better.
A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of 9 Spokes International Ltd:

The MRQ is -10.145. Very Bad. -2
The TTM is -17.444. Very Bad. -2

Trends

Current period		Compared to		+/-
MRQ	-10.145	TTM	-17.444	+7.299
TTM	-17.444	YOY	-51.536	+34.092
TTM	-17.444	5Y	-36.586	+19.142
5Y	-36.586	10Y	-39.343	+2.757

PEG Ratio	Meaning
0.5	You can buy the stock cheap based on future growth
1	You pay a fair price based on future growth
2	The stock is overpriced based on future growth

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of 9 Spokes International Ltd is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Software & IT Services industry mean).
A PB ratio of 10.11 means the investor is paying $10.11 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of 9 Spokes International Ltd:

The EOD is 6.737. Seems overpriced? -1
The MRQ is 10.106. Seems overpriced? -1
The TTM is 6.869. Seems overpriced? -1

Trends

Current period		Compared to		+/-
EOD	6.737	MRQ	10.106	-3.369
MRQ	10.106	TTM	6.869	+3.237
TTM	6.869	YOY	13.783	-6.914
TTM	6.869	5Y	29.421	-22.552
5Y	29.421	10Y	29.479	-0.058

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of 9 Spokes International Ltd.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of 9 Spokes International Ltd compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.001	-0.001	-41%	0.001	-303%	0.000	-81%	0.000	-4198%
Book Value Growth	-	-	0.349	0.720	-52%	1.501	-77%	0.934	-63%	0.933	-63%
Book Value Per Share	-	-	0.001	0.002	-67%	0.003	-77%	0.002	-65%	0.002	-70%
Book Value Per Share Growth	-	-	0.349	0.720	-52%	1.501	-77%	0.934	-63%	0.933	-63%
Current Ratio	-	-	1.632	1.768	-8%	3.050	-47%	1.971	-17%	2.060	-21%
Debt To Asset Ratio	-	-	0.746	0.589	+27%	0.525	+42%	0.797	-6%	0.754	-1%
Debt To Equity Ratio	-	-	2.934	1.671	+76%	1.272	+131%	3.435	-15%	3.167	-7%
Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Eps	-	-	-0.001	-0.001	+27%	-0.001	+5%	-0.001	+113%	-0.001	+121%
Eps Growth	-	-	1.000	0.962	+4%	0.907	+10%	0.903	+11%	0.908	+10%
Free Cash Flow Per Share	-	-	-0.001	-0.001	-4%	0.000	-38%	-0.001	+66%	-0.001	+72%
Free Cash Flow Per Share Growth	-	-	1.000	0.933	+7%	0.836	+20%	0.977	+2%	0.978	+2%
Free Cash Flow To Equity Per Share	-	-	-0.001	-0.001	-6%	0.000	-76%	-0.001	+79%	-0.002	+97%
Free Cash Flow To Equity Per Share Growth	-	-	1.000	-0.003	+100%	1.347	-26%	0.493	+103%	0.517	+93%
Gross Profit Margin	-	-	1.000	1.000	0%	1.018	-2%	1.097	-9%	1.094	-9%
Intrinsic Value_10Y_max	-	-	0.008	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-0.037	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	-0.002	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-0.003	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	-0.003	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-0.009	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-0.003	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-0.016	-	-	-	-	-	-	-	-
Net Profit Margin	-	-	-0.712	-0.538	-24%	-0.613	-14%	-1.882	+164%	-2.809	+295%
Operating Margin	-	-	-0.352	-0.267	-24%	-0.423	+20%	-1.725	+389%	-2.667	+657%
Operating Ratio	-	-	-	-	0%	0.059	-100%	1.157	-100%	2.019	-100%
Pb Ratio	6.737	-50%	10.106	6.869	+47%	13.783	-27%	29.421	-66%	29.479	-66%
Pe Ratio	-6.763	+33%	-10.145	-13.859	+37%	-43.971	+333%	-27.106	+167%	-32.360	+219%
Peg Ratio	-	-	-10.145	-17.444	+72%	-51.536	+408%	-36.586	+261%	-39.343	+288%
Price Per Share	0.004	-50%	0.006	0.011	-44%	0.027	-78%	0.033	-82%	0.044	-86%
Price To Total Gains Ratio	-3.617	+33%	-5.425	-7.071	+30%	57.757	-109%	17.798	-130%	-6.701	+24%
Profit Growth	-	-	-	0.731	-100%	0.738	-100%	0.902	-100%	0.906	-100%
Quick Ratio	-	-	1.321	1.028	+28%	1.720	-23%	1.063	+24%	1.196	+10%
Return On Assets	-	-	-0.506	-0.309	-39%	-0.149	-71%	-0.403	-20%	-0.385	-24%
Return On Equity	-	-	-1.992	-0.925	-54%	-0.338	-83%	-1.988	0%	-1.836	-8%
Total Gains Per Share	-	-	-0.001	-0.001	-41%	0.001	-303%	0.000	-81%	0.000	-4198%
Usd Book Value	-	-	737202.983	2230125.752	-67%	3142444.085	-77%	2090341.240	-65%	2473634.885	-70%
Usd Book Value Change Per Share	-	-	-0.001	0.000	-41%	0.000	-303%	0.000	-81%	0.000	-4198%
Usd Book Value Per Share	-	-	0.000	0.001	-67%	0.002	-77%	0.001	-65%	0.001	-70%
Usd Dividend Per Share	-	-	-	-	0%	-	0%	-	0%	-	0%
Usd Eps	-	-	0.000	-0.001	+27%	0.000	+5%	-0.001	+113%	-0.001	+121%
Usd Free Cash Flow	-	-	-813965.743	-783053.742	-4%	-508223.752	-38%	-1350706.721	+66%	-1398447.764	+72%
Usd Free Cash Flow Per Share	-	-	0.000	0.000	-4%	0.000	-38%	-0.001	+66%	-0.001	+72%
Usd Free Cash Flow To Equity Per Share	-	-	-0.001	0.000	-6%	0.000	-76%	-0.001	+79%	-0.001	+97%
Usd Price Per Share	0.003	-50%	0.004	0.007	-44%	0.018	-78%	0.022	-82%	0.029	-86%
Usd Profit	-	-	-1468696.986	-1400992.166	-5%	-923793.920	-37%	-1600823.838	+9%	-1631009.789	+11%
Usd Revenue	-	-	2062810.552	909265.177	+127%	906597.716	+128%	1019147.981	+102%	941045.136	+119%
Usd Total Gains Per Share	-	-	-0.001	0.000	-41%	0.000	-303%	0.000	-81%	0.000	-4198%
	EOD	+3 -2	MRQ	TTM	+9 -27	YOY	+9 -29	5Y	+20 -18	10Y	+21 -17

4.2. Fundamental Score

Let's check the fundamental score of 9 Spokes International Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-6.763
Price to Book Ratio (EOD)	Between	0-1	6.737
Net Profit Margin (MRQ)	Greater than	0	-0.712
Operating Margin (MRQ)	Greater than	0	-0.352
Quick Ratio (MRQ)	Greater than	1	1.321
Current Ratio (MRQ)	Greater than	1	1.632
Debt to Asset Ratio (MRQ)	Less than	1	0.746
Debt to Equity Ratio (MRQ)	Less than	1	2.934
Return on Equity (MRQ)	Greater than	0.15	-1.992
Return on Assets (MRQ)	Greater than	0.05	-0.506
Total			3/10 (30.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
Create your own Stock Scanner

4.3. Technical Score

Let's check the technical score of 9 Spokes International Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	47.718
Ma 20	Greater than	Ma 50	0.004
Ma 50	Greater than	Ma 100	0.004
Ma 100	Greater than	Ma 200	0.004
Open	Greater than	Close	0.004
Total			0/5 (0.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
Create your own Symbol Scanner

Latest Balance Sheet

Balance Sheet of 2022-03-31. Currency in NZD. All numbers in thousands.

Summary

Total Assets	4,808
Total Liabilities	3,586
Total Stockholder Equity	1,222

	As reported
Total Liabilities	3,586
Total Stockholder Equity	+ 1,222
Total Assets	= 4,808

Assets

Total Assets	4,808
Total Current Assets	4,392
Long-term Assets	4,392

Total Current Assets

Total Current Assets (as reported)	4,392
Cash And Cash Equivalents	2,817
Net Receivables	738
Other Current Assets	837
Total Current Assets (calculated)	4,392
+/-	0

Long-term Assets

Long-term Assets (as reported)	416
Property Plant Equipment	416
Long-term Assets (calculated)	416
+/-	0

Liabilities & Shareholders' Equity

Total Current Liabilities	2,692
Long-term Liabilities	894
Total Stockholder Equity	1,222

Total Current Liabilities

Total Current Liabilities (as reported)	2,692
Short-term Debt	701
Accounts payable	177
Other Current Liabilities	1,814
Total Current Liabilities (calculated)	2,692
+/-	0

Long-term Liabilities

Long-term Liabilities (as reported)	894
Long term Debt Total	209
Other Liabilities	753
Long-term Liabilities (calculated)	962
+/-	68

Total Stockholder Equity

Total Stockholder Equity (as reported)	1,222
Common Stock	64,495
Retained Earnings	-64,354
Accumulated Other Comprehensive Income	1,082
Total Stockholder Equity (calculated)	1,222
+/-	0

Other

Capital Stock	64,495
Cash And Equivalents	3,031
Cash and Short Term Investments	2,817
Common Stock Shares Outstanding	1,493,337
Liabilities and Stockholders Equity	4,808
Net Debt	-1,922
Net Invested Capital	1,222
Net Tangible Assets	1,315
Net Working Capital	1,700
Short Long Term Debt Total	895

Balance Sheet

Currency in NZD. All numbers in thousands.

Trend

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-06-30

2016-03-31

2015-12-31

> Total Assets

0
0
0
16,270
14,858
18,673
18,673
11,514
10,815
4,541
4,541
2,777
2,659
5,127
5,127
0
7,193
0
12,148
0
10,819
0
8,926
0
4,808

4,808

8,926

10,819

12,148

7,193

5,127

2,659

2,777

4,541

10,815

11,514

18,673

14,858

16,270

> Total Current Assets

0
0
0
15,735
14,370
18,132
18,132
11,034
10,364
4,025
4,025
2,431
2,328
4,091
4,091
5,774
5,629
10,827
10,827
10,678
9,803
8,200
8,200
4,725
4,392

4,392

4,725

8,200

9,803

10,678

10,827

5,629

5,774

4,091

2,328

2,431

4,025

10,364

11,034

18,132

14,370

15,735

Cash And Cash Equivalents

0
0
0
7,484
6,835
11,654
11,654
7,297
6,854
1,562
1,562
1,360
1,302
2,419
2,419
0
4,965
0
8,302
0
8,116
0
6,372
0
2,817

2,817

6,372

8,116

8,302

4,965

2,419

1,302

1,360

1,562

6,854

7,297

11,654

6,835

7,484

Short-term Investments

0
0
0
5,900
5,388
4,000
4,000
1,000
1,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1,000

4,000

5,388

5,900

Net Receivables

0
0
0
872
796
1,470
1,470
1,387
1,303
2,463
2,463
670
387
1,672
1,672
266
211
2,525
2,525
1,217
1,049
1,828
1,828
1,336
738

738

1,336

1,828

1,049

1,217

2,525

211

266

1,672

387

670

2,463

1,303

1,387

1,470

796

872

Other Current Assets

0
0
0
0
1,351
20
20
0
1,587
0
0
0
639
0
0
0
453
0
0
432
637
0
0
51
837

837

637

432

453

639

1,587

1,351

> Long-term Assets

0
0
0
0
489
0
0
0
451
0
0
0
331
0
0
0
1,564
0
0
0
1,016
0
0
0
416

416

1,016

1,564

331

451

489

Property Plant Equipment

0
0
0
535
489
541
541
480
451
427
427
346
331
1,036
277
1,604
1,564
1,321
1,321
639
587
533
533
448
416

416

448

533

587

639

1,321

1,564

1,604

277

1,036

331

346

427

451

480

541

489

535

Other Assets

0
0
0
0
0
0
0
0
0
89
89
0
0
0
759
0
0
0
0
468
468
193
193
0
0

193

468

759

> Total Liabilities

0
0
0
5,340
4,877
6,022
6,022
5,827
5,473
3,917
3,917
6,393
6,122
4,760
4,760
0
5,111
0
6,054
0
4,250
0
5,427
0
3,586

3,586

5,427

4,250

6,054

5,111

4,760

6,122

6,393

3,917

5,473

5,827

6,022

4,877

5,340

> Total Current Liabilities

0
0
0
5,340
4,877
6,022
6,022
5,827
5,473
3,466
3,466
6,393
6,122
2,945
2,945
2,580
2,515
4,161
4,161
3,052
2,802
4,305
4,305
2,896
2,692

2,692

2,896

4,305

2,802

3,052

4,161

2,515

2,580

2,945

6,122

6,393

3,466

5,473

5,827

6,022

4,877

5,340

Short-term Debt

0
0
0
0
5,388
0
0
0
0
0
0
0
3,086
0
0
0
474
0
0
0
650
0
0
0
701

701

650

474

3,086

5,388

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
0
3,086
0
0
0
0
0
0
0
0
0
0
0
0

3,086

Accounts payable

0
0
0
325
325
2,519
2,519
838
787
1,966
1,966
469
449
1,202
1,202
136
133
1,890
1,890
254
233
1,472
1,472
190
177

177

190

1,472

233

254

1,890

133

136

1,202

449

469

1,966

787

838

2,519

325

Other Current Liabilities

0
0
0
4,986
1,220
3,431
3,431
4,989
1,609
1,500
1,500
3,287
2,588
1,213
1,213
1,958
1,909
1,729
1,729
2,090
1,919
2,008
2,008
1,952
1,814

1,814

1,952

2,008

1,919

2,090

1,729

1,909

1,958

1,213

2,588

3,287

1,500

1,609

4,989

3,431

1,220

4,986

> Long-term Liabilities

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,595
0
0
0
1,448
0
0
0
894

894

1,448

2,595

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
435
0
1,112
0
838
0
963
0
540
0
209

209

540

963

838

1,112

435

Other Liabilities

0
0
0
0
0
0
0
0
0
451
451
0
0
1,380
1,380
1,550
1,550
1,055
1,055
614
614
582
582
753
753

753

582

614

1,055

1,550

1,380

451

> Total Stockholder Equity

0
0
0
10,930
9,982
12,651
12,651
5,687
5,342
624
624
-3,616
-3,463
367
367
0
2,082
0
6,094
0
6,569
0
3,499
0
1,222

1,222

3,499

6,569

6,094

2,082

367

-3,463

-3,616

624

5,342

5,687

12,651

9,982

10,930

Common Stock

0
0
0
36,145
33,009
48,107
48,107
49,028
46,053
48,984
48,984
48,984
46,911
55,823
55,823
59,523
58,032
65,374
65,374
69,390
63,701
69,390
69,390
69,390
64,495

64,495

69,390

63,701

69,390

65,374

58,032

59,523

55,823

46,911

48,984

46,053

49,028

48,107

33,009

36,145

Retained Earnings Total Equity

Accumulated Other Comprehensive Income

0
0
0
0
1,491
0
0
0
656
0
0
0
731
0
0
0
549
0
0
0
745
0
0
0
1,082

1,082

745

549

731

656

1,491

Capital Surplus

Treasury Stock

Other Stockholders Equity

0
0
0
1,633
1,633
1,956
1,956
698
0
631
-273
763
0
651
-261
563
0
1,267
1,267
811
0
913
913
1,164
0

1,164

913

811

1,267

563

-261

651

763

-273

631

698

1,956

1,633

Balance Sheet

Currency in NZD. All numbers in thousands.

	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
Accounts Payable	177	233	133	449	787	366	564	219	86
Accumulated Other Comprehensive Income	1,082	745	549	731	656	1,491	1,608	-	-
Capital Lease Obligations	895	1,534	1,558	-	-	-	-	-	-
Capital Stock	64,495	63,701	58,032	46,911	-	-	-	-	-
Cash	2,817	8,116	4,965	1,302	6,854	6,835	28,120	718	307
Cash And Equivalents	3,031	8,841	5,093	1,360	7,297	7,484	-	-	-
Cash And Short Term Investments	2,817	8,116	4,965	1,302	6,854	12,223	28,120	-	-
Common Stock	64,495	63,701	58,032	46,911	46,053	33,009	37,097	6,562	853
Common Stock Shares Outstanding	921,198	921,198	921,198	553,243	493,188	424,320	226,629	-	-
Common Stock Total Equity	-	63,701	58,032	46,911	46,053	33,009	37,097	-	-
Current Deferred Revenue	-	-	-	-	3,077	-	-	-	-
Inventory	-	-	-	-	620	1,073	301	-	-
Liabilities And Stockholders Equity	4,808	10,819	7,193	2,659	10,815	14,858	28,877	-	-
Long Term Debt Total	209	963	1,112	0	0	0	-	-	-
Net Debt	-1,922	-6,582	-3,407	1,783	-6,854	-6,835	-28,120	-	-
Net Invested Capital	1,222	6,569	2,082	-377	5,342	-	-	-	-
Net Receivables	738	1,049	211	387	1,303	796	661	235	175
Net Tangible Assets	1,315	7,156	2,136	-3,322	5,687	10,930	902	-370	14
Net Working Capital	1,700	7,001	3,114	-3,794	4,891	-	-	-	-
Non Current Assets Total	416	1,016	1,564	331	451	489	96	-	-
Non Current Liabilities Other	644	509	1,453	-	-	-	-	-	-
Non Current Liabilities Total	894	1,448	2,595	0	0	0	-	-	-
Non Currrent Assets Other	-	430	-	331	451	489	-	-	-
Other Assets	0	468	-	0	-	0	-	-	-
Other Current Assets	837	637	453	639	1,587	1,351	83	-	-
Other Current Liab	1,814	1,919	1,909	2,588	1,609	1,220	2,343	725	241
Other Liab	753	614	1,550	281	-	-	-	-	-
Other Stockholder Equity	0	0	0	0	-200	1,633	971	468	-
Property Plant And Equipment Gross	-	587	1,564	331	451	489	96	-	-
Property Plant And Equipment Net	416	587	1,564	331	451	489	96	-	-
Property Plant Equipment	448	639	1,604	346	480	535	96	17	3
Retained Earnings	-64,354	-57,877	-56,498	-51,104	-41,367	-24,519	-12,812	-7,400	-839
Short Long Term Debt	-	-	-	3,086	-	-	-	-	-
Short Long Term Debt Total	895	1,534	1,558	3,086	-	-	-	-	-
Short Term Debt	701	650	474	3,086	0	5,388	-	-	-
Short Term Investments	-	-	-	-	1,000	5,388	-	-	-
Total Assets	4,808	10,819	7,193	2,659	10,815	14,858	28,877	970	485
Total Current Assets	4,392	9,803	5,629	2,328	10,364	14,370	28,781	953	482
Total Current Liabilities	2,692	2,802	2,515	6,122	5,473	4,877	2,984	1,340	471
Total Liab	3,586	4,250	5,111	6,122	5,473	4,877	2,984	1,340	471
Total Stockholder Equity	1,222	6,569	2,082	-3,463	5,342	9,982	25,893	-370	14

	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-06-30	2016-03-31	2015-12-31
Accounts Payable	177	190	1,472	1,472	233	254	1,890	1,890	133	136	1,202	1,202	449	469	1,966	1,966	787	838	2,519	2,519	325	325	-	-	-
Accumulated Other Comprehensive Income	1,082	-	-	-	745	-	-	-	549	-	-	-	731	-	-	-	656	-	-	-	1,491	-	-	-	-
Capital Lease Obligations	895	-	-	-	1,534	-	-	-	1,558	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital Stock	64,495	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash	2,817	-	6,372	-	8,116	-	8,302	-	4,965	-	2,419	2,419	1,302	1,360	1,562	1,562	6,854	7,297	11,654	11,654	6,835	7,484	-	-	-
Cash And Equivalents	3,031	-	6,372	-	8,841	-	8,302	-	5,093	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash And Short Term Investments	2,817	-	6,372	-	8,116	-	8,302	-	4,965	-	2,419	-	1,302	-	1,562	-	6,854	-	-	-	12,223	-	-	-	-
Common Stock	64,495	69,390	69,390	69,390	63,701	69,390	65,374	65,374	58,032	59,523	55,823	55,823	46,911	48,984	48,984	48,984	46,053	49,028	48,107	48,107	33,009	36,145	-	-	-
Common Stock Shares Outstanding	1,493,337	-	1,493,338	-	1,493,338	-	553,243	553,243	553,243	553,243	-	553,243	553,243	553,243	-	493,188	493,188	493,188	264,100	424,320	424,320	424,320	226,629	226,629	226,629
Common Stock Total Equity	-	-	-	-	63,701	-	-	-	58,032	-	-	-	46,911	-	-	-	46,053	-	-	-	33,009	-	-	-	-
Current Deferred Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,077	-	-	-	-	-	-	-	-
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	620	660	988	988	1,073	1,073	-	-	-
Liabilities And Stockholders Equity	4,808	-	8,926	-	10,819	-	12,148	-	7,193	-	-	-	2,659	-	-	-	10,815	-	-	-	14,858	-	-	-	-
Long Term Debt Total	209	-	540	-	963	-	838	-	1,112	-	435	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Debt	-1,922	-	-	-	-6,582	-	-	-	-3,407	-	-	-	1,783	-	-	-	-6,854	-	-	-	-6,835	-	-	-	-
Net Invested Capital	1,222	-	-	-	6,569	-	-	-	2,082	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Receivables	738	1,336	1,828	1,828	1,049	1,217	2,525	2,525	211	266	1,672	1,672	387	670	2,463	2,463	1,303	1,387	1,470	1,470	796	872	-	-	-
Net Tangible Assets	1,315	1,315	3,499	3,499	7,156	7,156	6,094	6,094	2,136	2,136	367	367	-3,616	-3,616	624	624	5,687	5,687	12,651	12,651	10,930	10,930	-	-	-
Net Working Capital	1,700	-	-	-	7,001	-	-	-	3,114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Assets Total	416	-	-	-	1,016	-	-	-	1,564	-	-	-	331	-	-	-	451	-	-	-	489	-	-	-	-
Non Current Liabilities Other	644	-	-	-	509	-	-	-	1,453	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Current Liabilities Total	894	-	-	-	1,448	-	-	-	2,595	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Non Currrent Assets Other	-	-	-	-	430	-	-	-	-	-	-	-	331	-	-	-	-	-	-	-	-	-	-	-	-
Other Assets	0	-	193	193	468	468	-	-	-	-	759	-	-	-	89	89	-	-	-	-	0	-	-	-	-
Other Current Assets	837	51	-	-	637	432	-	-	453	-	-	-	639	-	-	-	1,587	-	20	20	1,351	-	-	-	-
Other Current Liab	1,814	1,952	2,008	2,008	1,919	2,090	1,729	1,729	1,909	1,958	1,213	1,213	2,588	3,287	1,500	1,500	1,609	4,989	3,431	3,431	1,220	4,986	-	-	-
Other Liab	753	753	582	582	614	614	1,055	1,055	1,550	1,550	1,380	1,380	-	-	451	451	-	-	-	-	-	-	-	-	-
Other Stockholder Equity	0	1,164	913	913	0	811	1,267	1,267	0	563	-261	651	0	763	-273	631	0	698	1,956	1,956	1,633	1,633	-	-	-
Property Plant And Equipment Gross	-	-	-	-	587	-	-	-	1,564	-	-	-	331	-	-	-	451	-	-	-	489	-	-	-	-
Property Plant And Equipment Net	416	-	-	-	587	-	-	-	1,564	-	-	-	331	-	-	-	451	-	-	-	489	-	-	-	-
Property Plant Equipment	448	448	533	533	639	639	1,321	1,321	1,604	1,604	277	1,036	346	346	427	427	480	480	541	541	535	535	-	-	-
Retained Earnings	-64,354	-69,239	-66,804	-66,804	-57,877	-63,045	-60,547	-60,547	-56,498	-57,950	-55,195	-56,107	-51,104	-53,363	-48,087	-48,991	-41,367	-44,039	-37,412	-37,412	-24,519	-26,848	-	-	-
Short Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	3,086	-	-	-	-	-	-	-	-	-	-	-	-
Short Long Term Debt Total	895	-	540	-	1,534	-	838	-	1,558	-	435	-	3,086	-	-	-	-	-	-	-	-	-	-	-	-
Short Term Debt	701	-	0	-	650	-	0	-	474	-	-	-	3,086	-	-	-	-	-	-	-	5,388	-	-	-	-
Short Term Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	4,000	4,000	5,388	5,900	-	-	-
Total Assets	4,808	-	8,926	-	10,819	-	12,148	-	7,193	-	5,127	5,127	2,659	2,777	4,541	4,541	10,815	11,514	18,673	18,673	14,858	16,270	-	-	-
Total Current Assets	4,392	4,725	8,200	8,200	9,803	10,678	10,827	10,827	5,629	5,774	4,091	4,091	2,328	2,431	4,025	4,025	10,364	11,034	18,132	18,132	14,370	15,735	-	-	-
Total Current Liabilities	2,692	2,896	4,305	4,305	2,802	3,052	4,161	4,161	2,515	2,580	2,945	2,945	6,122	6,393	3,466	3,466	5,473	5,827	6,022	6,022	4,877	5,340	-	-	-
Total Liab	3,586	-	5,427	-	4,250	-	6,054	-	5,111	-	4,760	4,760	6,122	6,393	3,917	3,917	5,473	5,827	6,022	6,022	4,877	5,340	-	-	-
Total Stockholder Equity	1,222	-	3,499	-	6,569	-	6,094	-	2,082	-	367	367	-3,463	-3,616	624	624	5,342	5,687	12,651	12,651	9,982	10,930	-	-	-

Cash Flow

Currency in NZD. All numbers in thousands.

	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
Begin Period Cash Flow	8,217	4,285	1,326	6,988	7,030	3,088	-	-	-
Capital Expenditures	22	23	25	64	172	404	97	21	3
Change In Cash	-5,400	3,831	3,639	-5,686	-176	3,747	2,663	410	153
Change In Working Capital	118	10	7	82	323	293	13	-	-
Change To Account Receivables	287	-288	684	1,385	-387	-1,607	-509	-60	-103
Change To Liabilities	-63	-686	413	-2,656	529	1,934	1,980	747	-48
Change To Netincome	262	307	487	729	284	450	503	589	17
Change To Operating Activities	324	-119	-119	-119	-	-	-	-	-
Depreciation	215	541	678	181	171	72	18	7	1
End Period Cash Flow	2,817	8,116	4,965	1,302	6,854	6,835	3,088	-	-
Free Cash Flow	-4,827	-4,772	-2,537	-9,049	-15,749	-12,440	-	-	-
Investments	325	-19	-	1,000	4,900	-5,900	-5,900	-5,900	-5,900
Issuance Of Capital Stock	-	9,939	10,208	-	-	-	-	-	-
Net Borrowings	-708	-484	-2,821	2,500	2,500	2,500	2,500	-	-
Net Income	-5,757	-4,677	-4,759	-8,929	-16,148	-12,818	-5,412	-6,561	-547
Other Cashflows From Financing Activities	-780	-444	-487	2,394	-15,577	-2,527	-148	-148	-148
Other Cashflows From Investing Activities	374	4	374	1,000	4,900	-5,900	-	-	-
Other Non Cash Items	5,757	4,137	4,081	8,748	15,977	12,746	-	-	-
Sale Purchase Of Stock	0	-881	-1,248	-42	-932	26,542	6,180	5,709	836
Total Cash From Financing Activities	-780	8,614	6,209	2,352	11,237	21,712	6,180	5,709	836
Total Cash From Operating Activities	-5,169	-5,173	-2,602	-9,382	-16,583	-13,180	-3,420	-5,278	-680
Total Cashflows From Investing Activities	350	-21	-21	933	4,717	-6,342	-97	-21	-3

	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31
Begin Period Cash Flow	-	-	-	-	-	1,241	331	331	331	331	326	1,747	1,747	1,747	1,714	1,757	1,757	1,757	1,709	772	772	772
Capital Expenditures	8	8	5	5	13	13	13	13	0	0	0	16	16	16	69	43	43	43	83	101	101	101
Change In Cash	-1,671	-1,671	-1,235	-1,235	482	482	910	910	910	910	1,059	-1,421	-1,421	-1,421	-5,735	-44	-44	-44	2,085	937	937	937
Change In Working Capital	118	-	77	-	10	-	8	-	7	-	-3	-	82	-	72	-	-	-	-	-	-	-
Change To Account Receivables	287	287	-144	-144	778	778	-922	-922	547	547	-205	-205	747	747	93	93	-167	-167	-27	-27	162	162
Change To Liabilities	-588	-588	557	557	-866	-866	523	523	-243	-243	449	449	-398	-398	-930	-930	-77	-77	342	342	803	803
Change To Netincome	60	60	72	72	157	157	-3	-3	14	14	230	230	361	361	4	4	48	48	94	94	-202	-202
Change To Operating Activities	67	67	95	95	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation	50	50	58	58	142	142	169	169	169	169	175	45	45	45	47	43	43	43	43	18	18	18
End Period Cash Flow	-	-	-	-	-	-	1,241	1,241	1,241	1,241	331	326	326	326	1,747	1,714	1,714	1,714	1,757	1,709	1,709	1,709
Free Cash Flow	-	-	-	-	-	-	-634	-634	-634	-634	-	-2,262	-2,262	-2,262	-	-3,937	-3,937	-3,937	-	-3,110	-3,110	-3,110
Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	500	1,500	1,500	950	950	-2,950	-2,950
Net Borrowings	-197	-197	-158	-158	-125	-125	-117	-117	-127	-127	-1,284	-1,284	1,250	1,250	1,250	1,250	-	-	-	-	-	-
Net Income	-1,218	-1,218	-1,880	-1,880	-1,249	-1,249	-1,190	-1,190	-1,190	-1,190	-1,519	-2,232	-2,232	-2,232	-2,476	-4,037	-4,037	-4,037	-5,282	-3,205	-3,205	-3,205
Other Cashflows From Financing Activities	-66	-66	-66	-66	-270	-270	-2,308	-2,308	-2,308	-2,308	-827	-2,236	-2,236	-2,236	-63	-6,703	-6,703	-6,703	-497	-9,069	-9,069	-9,069
Other Cashflows From Investing Activities	374	-	187	187	187	187	0	-	0	-	-	-	1,000	-	1,000	-	4,900	-	-	-	-	-
Other Non Cash Items	-	-	-	-	-	-	1,020	1,020	1,020	1,020	-	2,187	2,187	2,187	-	3,994	3,994	3,994	-	3,187	3,187	3,187
Sale Purchase Of Stock	0	-	0	-	10,827	-	-312	-312	-312	-312	6,310	-11	-11	-11	-	-233	-233	-233	6,478	6,478	6,478	6,478
Total Cash From Financing Activities	-262	-262	-158	-158	1,541	1,541	-634	-634	-634	-634	2,915	-2,246	-2,246	-2,246	-63	-3,894	-3,894	-3,894	5,981	-3,009	-3,009	-3,009
Total Cash From Operating Activities	-1,342	-1,342	-1,243	-1,243	-1,039	-1,039	-1,548	-1,548	-432	-432	-1,739	-870	-9,382	-1,428	-6,526	-3,263	-16,583	-3,461	-4,831	-4,831	-2,893	-2,893
Total Cashflows From Investing Activities	-8	-8	183	183	-11	-11	-11	-11	0	-	-	-	933	1	931	466	4,717	1,492	867	867	-3,137	-3,137

Income Statement

Currency in NZD. All numbers in thousands.

	2022-03-31	2021-03-31	2020-03-31	2019-03-31	2018-03-31	2017-03-31	2016-03-31	2015-03-31	2014-03-31
Cost Of Revenue	-	-	-	3,146	6,778	4,081	1,483	0	0
Depreciation And Amortization	200	541	678	181	171	72	-	-	-
Ebit	-5,751	-4,669	-3,734	-8,228	-16,030	-12,822	-5,535	-6,590	-551
Ebitda	-5,552	-4,128	-3,056	-8,047	-15,859	-12,750	-	-	-
Gross Profit	5,121	5,258	5,735	6,837	5,510	1,061	-773	97	1,972
Income Before Tax	-5,757	-4,677	-4,759	-8,929	-16,030	-12,822	-5,552	-6,561	-547
Income Tax Expense	-	-	-	-	117	-4	-140	0	0
Interest Expense	6	8	1,025	701	0	0	0	0	0
Interest Income	88	37	580	652	306	344	13	-	-
Net Income	-5,757	-4,677	-4,759	-8,929	-16,148	-12,818	-5,412	-6,561	-547
Net Income Applicable To Common Shares	-6,194	-5,095	-4,881	-9,030	-17,191	-14,036	-5,412	-6,561	-547
Net Income From Continuing Ops	-5,757	-4,677	-4,759	-8,929	-16,148	-12,818	-5,412	-6,561	-547
Net Interest Income	-39	28	-436	-661	287	314	-	-	-
Operating Income	-6,014	-5,050	-5,364	-9,276	-16,911	-12,722	-5,565	-6,590	-551
Other Operating Expenses	520	870	977	935	609	1	1	1	-
Reconciled Depreciation	200	541	678	181	171	-	-	-	-
Research Development	720	506	1,181	1,363	1,354	203	2,450	3,104	802
Selling And Marketing Expenses	958	203	171	3,878	2,358	802	-	-	-
Selling General Administrative	8,645	8,135	8,390	9,558	16,556	10,858	2,598	3,583	1,721
Tax Provision	0	0	0	0	125	-4	-140	-	-
Total Operating Expenses	11,136	10,308	11,099	16,113	22,421	13,784	6,245	6,687	2,523
Total Other Income Expense Net	257	373	605	347	880	100	-17	29	4
Total Revenue	5,121	5,258	5,735	6,837	5,510	1,061	710	97	1,972

	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	297	297	615	615	958	958	1,908	1,908	1,482	1,482	2,258	2,258
Depreciation And Amortization	-	-	-	-	-	-	169	169	169	169	-	45	45	45	-	43	43	43	-	18	18	18
Ebit	-1,206	-1,206	-1,871	-1,871	-1,224	-1,224	-934	-934	-934	-934	-1,258	-2,319	-2,319	-2,319	-2,491	-4,008	-4,008	-4,008	-5,302	-3,205	-3,205	-3,205
Ebitda	-	-	-	-	-	-	-764	-764	-764	-764	-	-2,274	-2,274	-2,274	-	-3,965	-3,965	-3,965	-	-3,187	-3,187	-3,187
Gross Profit	-	-	-	-	-	-	1,434	1,434	1,434	1,434	1,099	1,709	1,709	1,709	1,266	1,378	1,378	1,378	-347	265	265	265
Income Before Tax	-2,435	-	-3,759	-	-2,498	-	-1,190	-1,190	-1,190	-1,190	-3,039	-2,232	-2,232	-2,232	-4,947	-4,008	-4,008	-4,008	-5,220	-3,205	-3,205	-3,205
Income Tax Expense	-	-	-	-	-	-	-	-	1	1	-1	-1	-3	-3	3	29	29	29	63	-1	-1	-1
Interest Expense	-	-	-	-	-	-	256	256	256	256	557	175	175	175	347	347	83	83	83	83	-	-
Interest Income	24	-	18	-	50	-	87	-	523	-	1,108	-	725	-	35	-	141	-	-	-	-	-
Net Income	-2,435	-	-3,759	-	-2,498	-	-1,190	-1,190	-1,190	-1,190	-3,038	-2,232	-2,232	-2,232	-4,952	-4,037	-4,037	-4,037	-5,282	-3,205	-3,205	-3,205
Net Income Applicable To Common Shares	-1,218	-1,218	-1,880	-1,880	-1,249	-1,249	-1,299	-1,299	-922	-922	-3,038	-1,519	-4,078	-2,186	-4,952	-2,476	-6,627	-3,314	-5,282	-5,282	-3,692	-3,692
Net Income From Continuing Ops	-	-	-	-	-	-	-	-	-	-	-1,519	-1,519	-2,186	-2,186	-2,476	-2,476	-3,314	-3,314	-5,282	-5,282	-3,679	-3,679
Operating Income	-2,411	-	-3,741	-	-2,448	-	-1,341	-1,341	-1,341	-1,341	-2,516	-2,319	-2,319	-2,319	-4,981	-4,228	-4,228	-4,228	-5,302	-3,181	-3,181	-3,181
Other Operating Expenses	216	216	45	45	116	116	320	320	252	252	237	237	170	170	256	256	406	406	406	406	-	-
Reconciled Depreciation	-	-	-	-	-	-	169	169	169	169	-	45	45	45	-	43	43	43	-	18	18	18
Research Development	-	-	-	-	-	-	295	295	295	295	1,161	341	341	341	1,312	339	339	339	1,069	51	51	51
Selling And Marketing Expenses	-	-	-	-	-	-	43	43	43	43	-	969	969	969	-	589	589	589	-	200	200	200
Selling General Administrative	3,384	-	3,669	-	3,422	-	2,098	2,098	2,098	2,098	2,713	2,389	2,389	2,389	5,339	4,139	4,139	4,139	3,887	2,714	2,714	2,714
Tax Provision	0	-	0	-	0	-	0	-	1	-	-1	-	-5	-	5	-	-	-	-	-	-	-
Total Operating Expenses	-	-	-	-	-	-	170	170	170	170	2,654	283	283	283	4,715	495	495	495	6,437	564	564	564
Total Other Income Expense Net	-	-	-	-	-	-	151	151	151	151	-262	-87	-87	-87	35	-220	-220	-220	83	25	25	25
Total Revenue	3,420	-	2,610	-	3,145	-	1,434	1,434	1,434	1,434	3,266	1,709	1,709	1,709	4,958	1,378	1,378	1,378	1,135	265	265	265

Latest Income Statement (annual, 2022-03-31)

Gross Profit (+$)
totalRevenue	5,121
Cost of Revenue	--
Gross Profit	5,121	5,121

Operating Income (+$)
Gross Profit	5,121
Operating Expense	-11,136
Operating Income	-6,014	-6,014

Operating Expense (+$)
Research Development	720
Selling General Administrative	8,645
Selling And Marketing Expenses	958
Operating Expense	11,136	10,323

Net Interest Income (+$)
Interest Income	88
Interest Expense	-6
Other Finance Cost	-122
Net Interest Income	-39

Pretax Income (+$)
Operating Income	-6,014
Net Interest Income	-39
Other Non-Operating Income Expenses	-
Income Before Tax (EBT)	-5,757	-6,272 EBIT - interestExpense = -5,757 -5,757 -5,751
Interest Expense	6
Earnings Before Interest and Taxes (EBIT)	-5,751	-5,751
Earnings Before Interest and Taxes (EBITDA)	-5,552

After tax Income (+$)
Income Before Tax	-5,757
Tax Provision	-0
Net Income From Continuing Ops	-5,757	-5,757
Net Income	-5,757
Net Income Applicable To Common Shares	-6,194

Non-recurring Events
Discontinued Operations	-
Extraordinary Items	-
Effect of Accounting Charges	-
Other Items	-
Non Recurring	-
Other Operating Expenses	520
Total Other Income/Expenses Net	257	39

Technicals of 9 Spokes International Ltd

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.