Income Statement Summit Networks Inc.

Stocks

SNTW

US8661941034

IT Services & Consulting

Market Closed - OTC Markets Other stock markets 14:50:41 2026-06-03 EDT			5-day change	1st Jan Change
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05-19	Summit Networks Inc. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
04-24	Summit Networks Inc. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: SUMMIT NETWORKS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	-	-	-	-	11.8K
Total Revenues	-	-	-	-	11.8K
Cost of Goods Sold, Total	-	-	-	-	12.67K
Gross Profit	-	-	-	-	-870
Selling General & Admin Expenses, Total	573K	108K	165K	394K	320K
Other Operating Expenses, Total	573K	108K	165K	394K	320K
Operating Income	-573K	-108K	-165K	-394K	-321K
Interest Expense, Total	-	-	-	-	-9.98K
Interest And Investment Income	-	-	1.9K	1.9K	-
Net Interest Expenses	-	-	1.9K	1.9K	-9.98K
Other Non Operating Income (Expenses)	-	-	4.57K	-	-
EBT, Excl. Unusual Items	-573K	-108K	-159K	-394K	-331K
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Other Unusual Items	119K	-	183K	-	-
EBT, Incl. Unusual Items	-454K	-108K	23.78K	-394K	-331K
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	-454K	-108K	23.78K	-394K	-331K
Net Income to Company	-454K	-108K	23.78K	-394K	-331K
Minority Interest	-	-	-	-	-
Net Income - (IS)	-454K	-108K	23.78K	-394K	-331K
Net Income to Common Incl Extra Items	-454K	-108K	23.78K	-394K	-331K
Net Income to Common Excl. Extra Items	-454K	-108K	23.78K	-394K	-331K
Per Share Items
Net EPS - Basic	-0.01	-0	0	-0	-0
Basic EPS - Continuing Operations	-0.01	-0	0	-0	-0
Basic Weighted Average Shares Outstanding	61.91M	62.05M	67.14M	68.91M	68.91M
Net EPS - Diluted	-0.01	-0	0	-0	-0.05
Diluted EPS - Continuing Operations	-0.01	-0	0	-0	-0.05
Diluted Weighted Average Shares Outstanding	61.91M	62.05M	67.14M	68.91M	68.91M
Normalized Basic EPS	-0.01	-0	-0	-0	-0
Normalized Diluted EPS	-0.01	-0	-0	-0	-0
Supplemental Items
EBITDA	-570K	-105K	-162K	-214K	-319K
EBITA	-573K	-108K	-165K	-394K	-321K
EBIT	-573K	-108K	-165K	-394K	-321K
Effective Tax Rate - (Ratio)	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Total Deferred Taxes	-	-	-	-	-
Normalized Net Income	-358K	-67.63K	-99.3K	-246K	-207K
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	573K	108K	165K	394K	320K
Stock-Based Comp., Other (Total)	30K	-	-	-	47.02K
Total Stock-Based Compensation	30K	-	-	-	47.02K

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	80.88K	8.83K	150K	39.23K	94.56K
Short Term Investments	-	-	12.54K	-	-
Total Cash And Short Term Investments	80.88K	8.83K	162K	39.23K	94.56K
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	-	-	-	-	-
Total Receivables	-	-	-	-	-
Prepaid Expenses	-	-	2.22K	193K	15.45K
Other Current Assets, Total	-	-	-	2.22K	2.22K
Total Current Assets	80.88K	8.83K	164K	235K	112K
Gross Property Plant And Equipment	5.54K	5.54K	11.07K	5.54K	6.88K
Accumulated Depreciation	-2.21K	-5.54K	-11.07K	-5.54K	-2.26K
Net Property Plant And Equipment	3.32K	0	0	0	4.62K
Goodwill	-	-	-	-	-
Other Intangibles, Total	-	-	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Total Assets	84.2K	8.83K	164K	235K	117K
Liabilities
Accounts Payable, Total	143K	176K	124K	16.73K	52.26K
Accrued Expenses, Total	16K	16K	-	-	-
Short-term Borrowings	-	579K	579K	629K	957K
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	579K	-	-	-	-
Total Current Liabilities	738K	771K	703K	646K	1.01M
Total Liabilities	738K	771K	703K	646K	1.01M
Common Stock, Total	62.05K	62.05K	67.14K	68.91K	68.91K
Additional Paid In Capital	394K	394K	589K	1.03M	879K
Retained Earnings	-1.11M	-1.22M	-1.19M	-1.51M	-1.84M
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	-654K	-762K	-538K	-411K	-892K
Minority Interest	-	-	-	-	-
Total Equity	-654K	-762K	-538K	-411K	-892K
Total Liabilities And Equity	84.2K	8.83K	164K	235K	117K
Supplemental Items
ECS Total Shares Outstanding on Filing Date	62.05M	62.05M	67.14M	68.91M	68.91M
ECS Total Common Shares Outstanding	62.05M	62.05M	67.14M	68.91M	68.91M
Book Value / Share	-0.01	-0.01	-0.01	-0.01	-0.01
Tangible Book Value	-654K	-762K	-538K	-411K	-892K
Tangible Book Value Per Share	-0.01	-0.01	-0.01	-0.01	-0.01
Total Debt	0	579K	579K	629K	957K
Net Debt	-80.88K	570K	417K	590K	862K
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	-	-	3	3	3
Buildings, Total	-	-	-	-	-
Machinery, Total	5.54K	5.54K	11.07K	5.54K	6.88K
Full Time Employees	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-454K	-108K	23.78K	-394K	-331K
Depreciation & Amortization - CF	2.21K	3.32K	-	-	2.26K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	-
Depreciation & Amortization, Total	2.21K	3.32K	-	-	2.26K
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Stock-Based Compensation (CF)	30K	-	-	-	47.02K
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	-119K	-	-183K	-	-
Change In Accounts Receivable	-	-	-	-	-
Change In Inventories	-	-	-	-	-
Change In Accounts Payable	150K	32.83K	114K	13.26K	16.16K
Change in Unearned Revenues	-	-	-	-	-
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	5.47K	-	-14.76K	152K	-206
Cash from Operations	-385K	-72.05K	-59.3K	-228K	-266K
Capital Expenditure	-5.54K	-	-	-	-6.88K
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Cash from Investing	-5.54K	-	-	-	-6.88K
Short Term Debt Issued, Total	179K	-	-	50K	328K
Total Debt Issued	179K	-	-	200K	328K
Short Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	-	-	200K	242K	-
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	179K	-	200K	200K	328K
Foreign Exchange Rate Adjustments	-	-	-	-	-
Net Change in Cash	-212K	-72.05K	141K	-28.38K	55.33K
Supplemental Items
Cash Interest Paid	-	-	-	-	7.7K
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-116K	-31.47K	-174K	-2.87M	-102K
Unlevered Free Cash Flow	-116K	-31.47K	-174K	-2.87M	-95.32K
Change In Net Working Capital	-216K	-32.83K	70.54K	2.73M	-62.97K
Net Debt Issued / Repaid	179K	-	-	200K	328K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-187.26	-145.39	-119.34	-9.58	-181.98
Return on Total Capital	80.96	52.33	144.74	-10.07	-303.62
Return On Equity %	102.71	15.28	-3.66	-27.91	45.54
Return on Common Equity	102.71	15.28	-3.66	-27.91	45.54
Margin Analysis
Gross Profit Margin %	-	-	-	-	-7.37
SG&A Margin	-	-	-	-	2.71K
EBITDA Margin %	-	-	-	-	-2.7K
EBITA Margin %	-	-	-	-	-2.72K
EBIT Margin %	-	-	-	-	-2.72K
Income From Continuing Operations Margin %	-	-	-	-	-2.81K
Net Income Margin %	-	-	-	-	-2.81K
Net Avail. For Common Margin %	-	-	-	-	-2.81K
Normalized Net Income Margin	-	-	-	-	-1.75K
Levered Free Cash Flow Margin	-	-	-	-	-860.9
Unlevered Free Cash Flow Margin	-	-	-	-	-808
Asset Turnover
Asset Turnover	-	-	-	-	0.11
Fixed Assets Turnover	-	-	-	-	-
Receivables Turnover (Average Receivables)	-	-	-	-	-
Short Term Liquidity
Current Ratio	0.11	0.01	0.23	0.36	0.11
Quick Ratio	0.11	0.01	0.23	0.06	0.09
Operating Cash Flow to Current Liabilities	-0.52	-0.09	-0.08	-0.35	-0.26
Days Sales Outstanding (Average Receivables)	-	-	-	-	-
Average Days Payable Outstanding	-	-	-	-	1.27K
Long Term Solvency
Total Debt/Equity	-	-75.95	-107.53	-153.02	-107.24
Total Debt / Total Capital	-	-315.81	1.43K	288.6	1.48K
Total Liabilities / Total Assets	876.88	8.73K	427.58	275.16	863.78
EBIT / Interest Expense	-	-	-	-	-32.16
EBITDA / Interest Expense	-	-	-	-	-31.94
(EBITDA - Capex) / Interest Expense	-	-	-	-	-32.63
Total Debt / EBITDA	-	-5.52	-3.57	-2.71	-3
Net Debt / EBITDA	0.14	-5.44	-2.57	-2.49	-2.71
Total Debt / (EBITDA - Capex)	-	-5.52	-3.57	-2.71	-2.94
Net Debt / (EBITDA - Capex)	0.14	-5.44	-2.57	-2.49	-2.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-	-	-
Gross Profit, 1 Yr. Growth %	-	-	-	-	-
EBITDA, 1 Yr. Growth %	-	-81.61	54.5	32.09	-
EBITA, 1 Yr. Growth %	682.8	-81.11	52.82	31.86	19.33
EBIT, 1 Yr. Growth %	682.8	-81.11	52.82	31.86	19.33
Earnings From Cont. Operations, 1 Yr. Growth %	520.68	-76.17	-121.97	-1.01K	29.3
Net Income, 1 Yr. Growth %	520.68	-76.17	-121.97	-1.01K	29.3
Normalized Net Income, 1 Yr. Growth %	682.8	-81.11	46.84	36.04	23.28
Diluted EPS Before Extra, 1 Yr. Growth %	-	-82.57	-120.31	-788.14	-
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	-	-100	-	-	-
Total Assets, 1 Yr. Growth %	-71.75	-89.51	1.76K	1.53K	12.67
Tangible Book Value, 1 Yr. Growth %	184.33	16.54	-29.37	-487.65	58.97
Common Equity, 1 Yr. Growth %	184.33	16.54	-29.37	-487.65	58.97
Cash From Operations, 1 Yr. Growth %	426.52	-81.3	-17.69	482.22	-14.95
Capital Expenditures, 1 Yr. Growth %	-	-	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-111.9	-95.47	452.52	1.44K	-
Unlevered Free Cash Flow, 1 Yr. Growth %	-111.9	-95.47	452.52	1.44K	-
Compound Annual Growth Rate Over Two Years
EBITDA, 2 Yr. CAGR %	-59.56	-	-46.7	42.86	-
EBITA, 2 Yr. CAGR %	-52.41	21.62	-46.26	41.96	-
EBIT, 2 Yr. CAGR %	-51.47	21.62	-46.26	41.96	-
Earnings From Cont. Operations, 2 Yr. CAGR %	-59.4	21.62	-77.12	41.34	-
Net Income, 2 Yr. CAGR %	-59.42	21.62	-77.12	41.34	-
Normalized Net Income, 2 Yr. CAGR %	-53.63	21.62	-47.33	41.34	-
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-81.19	18.22	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-98.23	-	-	-	-
Total Assets, 2 Yr. CAGR %	-93.65	-82.79	39.72	1.64K	-
Tangible Book Value, 2 Yr. CAGR %	-77.41	82.03	-9.27	65.47	-
Common Equity, 2 Yr. CAGR %	-80	82.03	-9.27	65.47	-
Cash From Operations, 2 Yr. CAGR %	-65.53	-0.76	-60.76	118.92	-
Capital Expenditures, 2 Yr. CAGR %	-93.1	-	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-	-82	-49.96	854.18	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-82	-49.96	854.18	-
Compound Annual Growth Rate Over Three Years
EBITDA, 3 Yr. CAGR %	-	-68.91	-	-27.87	-
EBITA, 3 Yr. CAGR %	-	-65.02	31.24	-27.52	-
EBIT, 3 Yr. CAGR %	-	-64.56	31.24	-27.52	-
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-66	-31.24	-21.92	-
Net Income, 3 Yr. CAGR %	-	-66.02	-31.24	-21.92	-
Normalized Net Income, 3 Yr. CAGR %	-	-65.62	29.5	-27.73	-
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-37.55	-
Total Assets, 3 Yr. CAGR %	-	-92.49	-18	216.91	-
Tangible Book Value, 3 Yr. CAGR %	-	-60.96	32.77	47.22	-
Common Equity, 3 Yr. CAGR %	-	-64.01	32.77	47.22	-
Cash From Operations, 3 Yr. CAGR %	-	-71.88	-6.76	-3.58	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-43.64	60.38	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-43.64	60.38	-
Compound Annual Growth Rate Over Five Years
EBITDA, 5 Yr. CAGR %	-	-	-	-42.78	-
EBITA, 5 Yr. CAGR %	-	-	-	-38.75	-
EBIT, 5 Yr. CAGR %	-	-	-	-38.26	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-39.89	-
Net Income, 5 Yr. CAGR %	-	-	-	-39.9	-
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-39.49	-
Total Assets, 5 Yr. CAGR %	-	-	-	-33.67	-
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-30.44	-
Common Equity, 5 Yr. CAGR %	-	-	-	-33.74	-
Cash From Operations, 5 Yr. CAGR %	-	-	-	-36.1	-