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Flywheel Advanced Technology Inc   (SVYB)
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    Sector  Services    Industry Professional Services
   Industry Professional Services
   Sector  Services


 

Flywheel Advanced Technology Inc

SVYB's Financial Statements and Analysis



Flywheel Advanced Technology Inc reported break-even for the first quarter of 2024 compare to earnings per share of $0.00 recorded in the same quarter a year ago a decrease from $0.02 realized in IV. Quarter (Sep 30 2023).


first quarter of 2024
Earnings Per Share Revenues
$ 0 $  1 Mill
Unch.     $+1M    



Flywheel Advanced Technology Inc 's Revenue rose by 0 % in first quarter of 2024 (Dec 31 2023) year on year, to $1 million and declined by -24.79 % sequentially.


Flywheel Advanced Technology Inc is

More on SVYB's Income Statement



Flywheel Advanced Technology Inc 's in thefirst quarter of 2024 recorded net loss of $-0.088 million, an increase from net loss of $-0.026 million in I. Quarter a year ago.

Sequentially company realized a net loss, compared to net income of $0.498 million in the previous quarter.

More on SVYB's Growth

Flywheel Advanced Technology Inc Inventories
In Dec 31 2023 company's net cash and cash equivalents decreased by $0 million

More on SVYB's Cash flow Statement


Flywheel Advanced Technology Inc does not pay out common stock dividend.

In trailing twelve-month period Flywheel Advanced Technology Inc payed $ -0.02 cash per share, on a free-cash flow basis .

Book value fell by -39.98 % sequentially to $0.09 per share, -98.14% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 0.03 per share from $ 0.06.

Company issued 11.35 million shares or 61.94 % in Dec 31 2023.


More on SVYB's Dividends

 Market Capitalization (Millions) -
 Shares Outstanding (Millions) 30
 Total Debt (Millions $) 1
 Revenue (TTM) (Millions $) 2
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Flywheel Advanced Technology Inc does not pay out common stock dividend.

In trailing twelve-month period Flywheel Advanced Technology Inc had negative $ -0.02 cash flow per share, on a free-cash flow basis .

Book value fell by -39.98 % sequentially to $0.09 per share, -98.14% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 0.03 per share from $ 0.06.

Company issued 11.35 million shares or 61.94 % in Dec 31 2023.


More on SVYB's Balance Sheets

 Market Capitalization (Millions) -
 Shares Outstanding (Millions) 30
 Total Debt (Millions $) 1
 Revenue (TTM) (Millions $) 2
 Net Income (TTM) (Millions $) -1
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Flywheel Advanced Technology Inc Earnings

Flywheel Advanced Technology Inc's Financial Performance Takes a Dip in Q4 2023

The latest financial results for SVYB and Flywheel Advanced Technology Inc have just been released, painting an interesting picture of their performance in the last quarter of 2023. SVYB reported a revenue of $0.625809 million during the October to December 31 financial span, showcasing a decent performance that demonstrates the company's ability to generate income.
On the other hand, Flywheel Advanced Technology Inc faced a net shortfall of $-0.088 million during the same period, which is significantly larger than the $-0.026 million shortfall they experienced a year ago. This is definitely a concerning development for the company, as it indicates a worsening financial situation and potential challenges...

Flywheel Advanced Technology Inc Reports Impressive Revenue Surge of $0.832075 Million in Q4 2023, Marking a Significant Improvement

Flywheel Advanced Technology Inc, a renowned company in the professional services industry, has achieved remarkable financial success in the fiscal fourth quarter of 2023, with a revenue of $0.832075 million. This reflects a significant improvement compared to the same period last year. Meanwhile, the company's net profits for the same quarter amounted to $0.498 million, a remarkable turnaround from the net deficit of $-0.084 million in the previous year.
Flywheel Advanced Technology Inc has not only witnessed a surge in revenue and profits, but also emphasized its improving profit margins. In the fiscal fourth quarter of 2023, the net margin rose to 59.83%, highlighting the company's ability to generate...

Flywheel Advanced Technology Inc Shatters Revenue Expectations, Surpassing $0.5 Million Milestone in Recent Fiscal Period



Flywheel Advanced Technology Inc, a Professional Services company, recently released its financial results for the period closing on June 30, 2023. These results paint an intriguing picture of the company's performance, revealing both positive and negative trends. In this article, we will interpret the financial figures and analyze their potential impact on the company's future trajectory.
1. Revenue Growth:
Flywheel Advanced Technology Inc achieved $0.579691 million in revenue over the financial span closing June 30, 2023. While it is essential to acknowledge that this is positive news for the company, further analysis is needed to understand whether this growth is sustainable in the long ...

Flywheel Advanced Technology Inc. Announces Impressive Revenue of $0.03641 million in Q1 2023 Report

Flywheel Advanced Technology Inc, a professional services company, has recently announced its revenue in the most recent fiscal period, which revealed $0.03641 million. Despite revealing some revenue, the company's financial health seems to be sinking with each passing year. For the most recent fiscal period, the company also realized a net shortfall of $-0.304 million, which is bigger than the $-0.054 million reported a year ago.
This is a clear indication that Flywheel Advanced Technology Inc is facing some major financial challenges that are affecting its operations and profitability. Looking at their track record, there is no indication that the situation will change anytime soon, which makes us wond...


Date modified: 2024-02-17T17:59:56+00:00





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