Income Statement Network CN Inc.

Stocks

NWCN

US64125G3083

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Market Closed - OTC Markets 11:16:17 2025-07-07 EDT			5-day change	1st Jan Change
0.000300 ^USD	-93.62%		-40.00%	-25.00%

24-11-21	Network CN Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI
24-08-30	Network CN Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI

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Published financial data: NETWORK CN INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Revenues	-	-	-	106K	446K
Total Revenues	-	-	-	106K	446K
Cost of Goods Sold, Total	-	-	-	82.9K	437K
Gross Profit	-	-	-	23.6K	9.35K
Selling General & Admin Expenses, Total	313K	292K	479K	656K	728K
Stock-Based Compensation (IS)	3.64K	-	217K	-	44.65K
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	383K
Other Operating Expenses, Total	317K	292K	696K	656K	1.16M
Operating Income	-317K	-292K	-696K	-632K	-1.15M
Interest Expense, Total	-577K	-533K	-520K	-296K	-314K
Interest And Investment Income	3	1	-	4	133
Net Interest Expenses	-577K	-533K	-520K	-296K	-314K
Other Non Operating Income (Expenses)	-	-	-	3.29K	3.69K
EBT, Excl. Unusual Items	-894K	-825K	-1.22M	-925K	-1.46M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-449K
Other Unusual Items	-	5.69M	708	-	-
EBT, Incl. Unusual Items	-894K	4.87M	-1.22M	-925K	-1.91M
Earnings From Continuing Operations	-894K	4.87M	-1.22M	-925K	-1.91M
Net Income to Company	-894K	4.87M	-1.22M	-925K	-1.91M
Net Income - (IS)	-894K	4.87M	-1.22M	-925K	-1.91M
Net Income to Common Incl Extra Items	-894K	4.87M	-1.22M	-925K	-1.91M
Net Income to Common Excl. Extra Items	-894K	4.87M	-1.22M	-925K	-1.91M
Per Share Items
Net EPS - Basic	-0.1	0.55	-0.11	-0.04	-0.09
Basic EPS - Continuing Operations	-0.1	0.55	-0.11	-0.04	-0.09
Basic Weighted Average Shares Outstanding	8.76M	8.77M	11.02M	21.02M	22.35M
Net EPS - Diluted	-0.1	0.55	-0.11	-0.04	-0.09
Diluted EPS - Continuing Operations	-0.1	0.55	-0.11	-0.04	-0.09
Diluted Weighted Average Shares Outstanding	8.76M	8.77M	11.02M	21.02M	22.35M
Normalized Basic EPS	-0.06	-0.06	-0.07	-0.03	-0.04
Normalized Diluted EPS	-0.06	-0.06	-0.07	-0.03	-0.04
Supplemental Items
EBITDA	-316K	-292K	-696K	-603K	-762K
EBITA	-317K	-292K	-696K	-605K	-764K
EBIT	-317K	-292K	-696K	-632K	-1.15M
EBITDAR	-	-	-681K	-551K	-
Normalized Net Income	-559K	-516K	-760K	-578K	-911K
Interest on Long-Term Debt	50K	18.57K	6.47K	30.22K	31.45K
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	313K	292K	479K	656K	728K
Net Rental Expense, Total	-	-	15.38K	52.58K	-
Imputed Operating Lease Interest Expense	-	-	17.5K	32.18K	-
Imputed Operating Lease Depreciation	-	-	-2.12K	20.4K	-
Stock-Based Comp., G&A Exp. (Total)	-	-	-	24K	-
Stock-Based Comp., Other (Total)	3.64K	-	217K	-	44.65K
Total Stock-Based Compensation	3.64K	-	217K	24K	44.65K

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Assets
Cash And Equivalents	5.51K	5.97K	21.68K	20.35K	5.33K
Total Cash And Short Term Investments	5.51K	5.97K	21.68K	20.35K	5.33K
Accounts Receivable, Total	-	-	-	74.78K	177K
Other Receivables	-	-	-	-	-
Total Receivables	-	-	-	74.78K	177K
Prepaid Expenses	100K	100K	4.44K	8.08K	2.1K
Other Current Assets, Total	-	-	15.38K	-	2.01K
Total Current Assets	106K	106K	41.5K	103K	186K
Gross Property Plant And Equipment	6.87K	3.83K	78.56K	84.99K	101K
Accumulated Depreciation	-6.44K	-3.23K	-407	-10.15K	-61.04K
Net Property Plant And Equipment	438	599	78.15K	74.83K	39.51K
Other Intangibles, Total	-	-	-	306K	610K
Total Assets	106K	107K	120K	484K	835K
Liabilities
Accounts Payable, Total	809	52.65K	100K	76.6K	280K
Accrued Expenses, Total	4.8M	4.21M	2.5M	2.59M	3.23M
Short-term Borrowings	2.95M	2.97M	2.97M	1.17M	1.44M
Current Portion of Long-Term Debt	5M	-	-	-	-
Current Portion of Leases	-	-	44.96K	35.68K	6.82K
Other Current Liabilities	-	-	-	100K	102K
Total Current Liabilities	12.75M	7.23M	5.62M	3.97M	5.06M
Long-Term Debt	-	645K	645K	2.82M	2.89M
Long-Term Leases	-	-	30.56K	31.89K	-
Total Liabilities	12.75M	7.88M	6.29M	6.82M	7.95M
Common Stock, Total	8.77K	8.77K	20.75K	20.75K	22.49K
Additional Paid In Capital	124M	124M	131M	131M	132M
Retained Earnings	-139M	-134M	-138M	-139M	-141M
Comprehensive Income and Other	1.7M	1.7M	1.7M	1.71M	1.7M
Total Common Equity	-12.64M	-7.77M	-6.17M	-6.34M	-7.11M
Total Equity	-12.64M	-7.77M	-6.17M	-6.34M	-7.11M
Total Liabilities And Equity	106K	107K	120K	484K	835K
Supplemental Items
ECS Total Shares Outstanding on Filing Date	8.77M	8.77M	20.75M	21.36M	25.09M
ECS Total Common Shares Outstanding	8.77M	8.77M	20.75M	20.75M	22.49M
Book Value / Share	-1.44	-0.89	-0.3	-0.31	-0.32
Tangible Book Value	-12.64M	-7.77M	-6.17M	-6.64M	-7.72M
Tangible Book Value Per Share	-1.44	-0.89	-0.3	-0.32	-0.34
Total Debt	7.95M	3.62M	3.69M	4.05M	4.34M
Net Debt	7.95M	3.61M	3.67M	4.03M	4.34M
Debt Equivalent Oper. Leases	-	-	123K	421K	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	6.87K	3.83K	3.04K	4.12K	4.12K
Full Time Employees	2	2	2	8	11
Part Time Employees	-	-	-	-	1
Assets under Capital Lease - Gross	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Net Income	-894K	4.87M	-1.22M	-925K	-1.91M
Depreciation & Amortization - CF	878	456	15.14K	51.42K	165K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	27.82K	383K
Depreciation & Amortization, Total	878	456	15.14K	79.24K	548K
Amortization of Deferred Charges, Total - (CF)	-	-	-	72.48K	74.58K
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	449K
Stock-Based Compensation (CF)	3.64K	-	217K	24K	44.65K
Other Operating Activities, Total	-	-5.69M	-708	-	240K
Change In Accounts Receivable	-	-	-	-74.78K	-102K
Change In Accounts Payable	764K	159K	477K	669K	551K
Change in Other Net Operating Assets	254	-	65.42K	-43.23K	-198K
Cash from Operations	-125K	-666K	-441K	-198K	-299K
Capital Expenditure	-	-617	-2.42K	-1.08K	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash from Investing	-	-617	-2.42K	-1.08K	-
Short Term Debt Issued, Total	35.16K	21.45K	-	197K	407K
Long-Term Debt Issued, Total	-	645K	-	-	-
Total Debt Issued	35.16K	666K	-	197K	407K
Short Term Debt Repaid, Total	-	-	-	-	-128K
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-128K
Issuance of Common Stock	72.75K	-	459K	-	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	108K	666K	459K	197K	278K
Foreign Exchange Rate Adjustments	-29	321	201	994	5.34K
Net Change in Cash	-17.17K	457	15.71K	-1.33K	-15.02K
Supplemental Items
Cash Interest Paid	44.39K	615K	-	-	-
Levered Free Cash Flow	210K	-1.05M	-2.11M	-295K	492K
Unlevered Free Cash Flow	570K	-718K	-1.79M	-182K	614K
Change In Net Working Capital	-764K	535K	1.58M	-111K	-738K
Net Debt Issued / Repaid	35.16K	666K	-	197K	278K

Fiscal Period: December	2019 (USD)	2020 (USD)	2021 (USD)	2022 (USD)	2023 (USD)
Profitability
Return on Assets	-172.19	-172.04	-384.85	-130.93	-108.63
Return on Total Capital	4.61	4.13	13.13	16.59	28.33
Return On Equity %	7.3	-47.7	17.44	14.79	28.34
Return on Common Equity	7.3	-47.7	17.44	14.79	28.34
Margin Analysis
Gross Profit Margin %	-	-	-	22.16	2.1
SG&A Margin	-	-	-	615.92	163.29
EBITDA Margin %	-	-	-	-566.43	-170.89
EBITA Margin %	-	-	-	-567.64	-171.2
EBIT Margin %	-	-	-	-593.76	-257.07
Income From Continuing Operations Margin %	-	-	-	-868.82	-427.42
Net Income Margin %	-	-	-	-868.82	-427.42
Net Avail. For Common Margin %	-	-	-	-868.82	-427.42
Normalized Net Income Margin	-	-	-	-543.01	-204.15
Levered Free Cash Flow Margin	-	-	-	-276.61	110.33
Unlevered Free Cash Flow Margin	-	-	-	-170.82	137.63
Asset Turnover
Asset Turnover	-	-	-	0.35	0.68
Fixed Assets Turnover	-	-	-	1.39	7.8
Receivables Turnover (Average Receivables)	-	-	-	-	3.55
Short Term Liquidity
Current Ratio	0.01	0.01	0.01	0.03	0.04
Quick Ratio	0	0	0	0.02	0.04
Operating Cash Flow to Current Liabilities	-0.01	-0.09	-0.08	-0.05	-0.06
Days Sales Outstanding (Average Receivables)	-	-	-	-	102.89
Average Days Payable Outstanding	-	-	-	-	149
Long Term Solvency
Total Debt/Equity	-62.9	-46.55	-59.85	-63.91	-61.04
Total Debt / Total Capital	-169.51	-87.08	-149.09	-177.08	-156.69
LT Debt/Equity	-	-8.3	-10.95	-44.96	-40.65
Long-Term Debt / Total Capital	-	-15.52	-27.27	-124.57	-104.35
Total Liabilities / Total Assets	12.03K	7.39K	5.26K	1.41K	951.61
EBIT / Interest Expense	-0.55	-0.55	-1.34	-2.13	-3.65
EBITDA / Interest Expense	-0.55	-0.55	-1.31	-1.86	-2.26
(EBITDA - Capex) / Interest Expense	-0.55	-0.55	-1.31	-1.86	-2.26
Total Debt / EBITDA	-25.15	-12.39	-5.43	-7.36	-6.12
Net Debt / EBITDA	-25.13	-12.37	-5.39	-7.32	-6.11
Total Debt / (EBITDA - Capex)	-25.15	-12.36	-5.41	-7.34	-6.12
Net Debt / (EBITDA - Capex)	-25.13	-12.34	-5.38	-7.3	-6.11
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-	-	318.8
Gross Profit, 1 Yr. Growth %	-	-	-	-	-60.38
EBITDA, 1 Yr. Growth %	-11.56	-7.65	138.36	-13.34	26.35
EBITA, 1 Yr. Growth %	-11.62	-7.77	138.13	-13.2	26.31
EBIT, 1 Yr. Growth %	-11.62	-7.77	138.13	-9.21	81.32
Earnings From Cont. Operations, 1 Yr. Growth %	9.23	-644.83	-124.97	-23.89	106.03
Net Income, 1 Yr. Growth %	9.23	-644.83	-124.97	-23.89	106.03
Normalized Net Income, 1 Yr. Growth %	-3.46	-7.68	47.42	-23.93	57.45
Diluted EPS Before Extra, 1 Yr. Growth %	5.15	-644.05	-120.05	-60.08	104.43
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	136.24
Net Property, Plant and Equip., 1 Yr. Growth %	-66.72	36.76	12.95K	-4.25	-47.2
Total Assets, 1 Yr. Growth %	-14.73	0.58	12.29	304.5	72.59
Tangible Book Value, 1 Yr. Growth %	6.91	-38.52	-20.61	7.66	16.26
Common Equity, 1 Yr. Growth %	6.91	-38.52	-20.61	2.7	12.25
Cash From Operations, 1 Yr. Growth %	-74.17	432.3	-33.73	-55.03	50.58
Capital Expenditures, 1 Yr. Growth %	-	-	292.54	-55.49	-
Levered Free Cash Flow, 1 Yr. Growth %	-185.92	-600.37	101.14	-86.07	-267.05
Unlevered Free Cash Flow, 1 Yr. Growth %	419.47	-225.91	149.13	-89.83	-437.41
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	-	-	-
Gross Profit, 2 Yr. CAGR %	-	-	-	-	-
EBITDA, 2 Yr. CAGR %	7.99	-9.63	48.36	43.72	4.64
EBITA, 2 Yr. CAGR %	7.95	-9.71	48.2	43.76	4.71
EBIT, 2 Yr. CAGR %	7.95	-9.71	48.2	47.03	28.31
Earnings From Cont. Operations, 2 Yr. CAGR %	7.74	143.95	16.63	-56.41	25.23
Net Income, 2 Yr. CAGR %	7.74	143.95	16.63	-56.41	25.23
Normalized Net Income, 2 Yr. CAGR %	4.59	-5.59	16.66	5.9	9.44
Diluted EPS Before Extra, 2 Yr. CAGR %	3.22	139.19	3.98	-71.71	-9.66
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-58.77	-32.53	1.24K	1.02K	-28.9
Total Assets, 2 Yr. CAGR %	-1.75	-7.39	6.27	113.12	164.22
Tangible Book Value, 2 Yr. CAGR %	5.15	-18.92	-30.13	-7.55	11.88
Common Equity, 2 Yr. CAGR %	5.15	-18.92	-30.13	-9.7	7.37
Cash From Operations, 2 Yr. CAGR %	-13.11	17.26	87.82	-45.41	-17.7
Capital Expenditures, 2 Yr. CAGR %	-	-	-	32.18	-
Levered Free Cash Flow, 2 Yr. CAGR %	51.89	107.35	217.25	-47.06	-51.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	14.96	155.75	77.11	-49.67	-41.43
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	-	-
Gross Profit, 3 Yr. CAGR %	-	-	-	-	-
EBITDA, 3 Yr. CAGR %	-8.43	2.5	24.87	24.02	37.68
EBITA, 3 Yr. CAGR %	-9.21	2.43	24.74	23.99	37.69
EBIT, 3 Yr. CAGR %	-9.21	2.43	24.74	25.87	57.68
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.61	84.92	14.11	1.16	-26.84
Net Income, 3 Yr. CAGR %	-1.61	84.92	14.11	1.16	-26.84
Normalized Net Income, 3 Yr. CAGR %	-1.61	0.33	9.53	1.16	20.87
Diluted EPS Before Extra, 3 Yr. CAGR %	-5.27	79.63	4.37	-24.43	-45.3
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-21.22	-38.51	290.15	454.89	304.05
Total Assets, 3 Yr. CAGR %	-1.61	-0.98	-1.25	65.93	98.65
Tangible Book Value, 3 Yr. CAGR %	5.84	-12.07	-19.49	-19.3	-0.21
Common Equity, 3 Yr. CAGR %	5.84	-12.07	-19.49	-20.56	-2.91
Cash From Operations, 3 Yr. CAGR %	-3.64	58.99	-3.05	16.63	-23.44
Capital Expenditures, 3 Yr. CAGR %	-	-38.34	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-0.31	126.01	105.26	11.93	-22.35
Unlevered Free Cash Flow, 3 Yr. CAGR %	2.26	18.5	153.52	-31.68	-5.1
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	-
Gross Profit, 5 Yr. CAGR %	-	-	-	-	-
EBITDA, 5 Yr. CAGR %	-22.81	-20.45	11.07	17.34	16.34
EBITA, 5 Yr. CAGR %	-23.34	-20.7	10.45	17.31	16.3
EBIT, 5 Yr. CAGR %	-23.34	-20.7	10.45	18.37	26.16
Earnings From Cont. Operations, 5 Yr. CAGR %	-18.5	42.22	5.32	3.74	18.43
Net Income, 5 Yr. CAGR %	-18.5	42.22	5.32	3.74	18.43
Normalized Net Income, 5 Yr. CAGR %	-18.5	-10.09	5.33	2.52	9.49
Diluted EPS Before Extra, 5 Yr. CAGR %	-20.64	38.22	-1.68	-14.39	-1.49
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-59.16	-48.57	144.41	96.15	97.47
Total Assets, 5 Yr. CAGR %	-13.96	-3.08	1.47	34.55	46.39
Tangible Book Value, 5 Yr. CAGR %	6.27	-4.42	-10.36	-10.29	-8.17
Common Equity, 5 Yr. CAGR %	6.27	-4.42	-10.36	-11.13	-9.66
Cash From Operations, 5 Yr. CAGR %	-37.57	10.19	25.84	3.68	-9.2
Capital Expenditures, 5 Yr. CAGR %	-	-16.66	-	-16.35	-
Levered Free Cash Flow, 5 Yr. CAGR %	-10.72	15.65	58.4	26.47	15.02
Unlevered Free Cash Flow, 5 Yr. CAGR %	2.81	27.47	27.38	-15.87	41.08