Income Statement Vestand Inc.

Stocks

VSTD

US98740Y3027

IT Services & Consulting

Market Closed - OTC Markets			5-day change	1st Jan Change
- ^USD	-.--%		-.--%	-

07-28	Vestand Inc.(NasdaqCM:VSTD) dropped from S&P TMI Index	CI
07-23	Vestand Inc.(OTCPK:VSTD) dropped from NASDAQ Composite Index	CI

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Published financial data: VESTAND INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	3.17M	6.54M	8.28M	9.21M	12.84M
Total Revenues	3.17M	6.54M	8.28M	9.21M	12.84M
Cost of Goods Sold, Total	3.16M	6.22M	7.46M	8.3M	10.5M
Gross Profit	11.63K	321K	824K	910K	2.34M
Selling General & Admin Expenses, Total	331K	2.04M	3.95M	3.88M	4.07M
Depreciation & Amortization - (IS)	114K	139K	658K	546K	822K
Other Operating Expenses, Total	445K	2.18M	4.61M	4.43M	4.89M
Operating Income	-434K	-1.86M	-3.78M	-3.52M	-2.56M
Interest Expense, Total	-51.59K	-52.22K	-88.3K	-218K	-455K
Net Interest Expenses	-51.59K	-52.22K	-88.3K	-218K	-455K
Other Non Operating Income (Expenses)	53.93K	16.49K	18.51K	32.32K	379K
EBT, Excl. Unusual Items	-431K	-1.9M	-3.85M	-3.7M	-2.63M
Gain (Loss) On Sale Of Assets	-	-	-	8.92K	-
Other Unusual Items	-	280K	386K	700K	-
EBT, Incl. Unusual Items	-431K	-1.62M	-3.47M	-2.99M	-2.63M
Income Tax Expense	18.88K	14.65K	19.24K	48.65K	34.24K
Earnings From Continuing Operations	-450K	-1.63M	-3.49M	-3.04M	-2.67M
Net Income to Company	-450K	-1.63M	-3.49M	-3.04M	-2.67M
Net Income - (IS)	-450K	-1.63M	-3.49M	-3.04M	-2.67M
Net Income to Common Incl Extra Items	-450K	-1.63M	-3.49M	-3.04M	-2.67M
Net Income to Common Excl. Extra Items	-450K	-1.63M	-3.49M	-3.04M	-2.67M
Per Share Items
Net EPS - Basic	-0.91	-0.85	-0.83	-0.57	-0.5
Basic EPS - Continuing Operations	-0.91	-0.85	-0.83	-0.57	-0.5
Basic Weighted Average Shares Outstanding	495K	1.91M	4.2M	5.32M	5.38M
Net EPS - Diluted	-0.91	-0.85	-0.83	-0.57	-0.5
Diluted EPS - Continuing Operations	-0.91	-0.85	-0.83	-0.57	-0.5
Diluted Weighted Average Shares Outstanding	495K	1.91M	4.2M	5.32M	5.38M
Normalized Basic EPS	-0.54	-0.62	-0.57	-0.44	-0.31
Normalized Diluted EPS	-0.54	-0.62	-0.57	-0.44	-0.31
Payout Ratio	-147.78	-24.34	-	-	-
Supplemental Items
EBITDA	-319K	-1.72M	-3.13M	-2.97M	-1.69M
EBITA	-434K	-1.86M	-3.78M	-3.52M	-2.52M
EBIT	-434K	-1.86M	-3.78M	-3.52M	-2.56M
EBITDAR	-91.87K	-1.33M	-2.6M	-1.99M	-419K
Total Revenues (As Reported)	3.17M	6.54M	8.28M	9.21M	12.84M
Effective Tax Rate - (Ratio)	-4.38	-0.91	-0.55	-1.63	-1.3
Current Domestic Taxes	-	-	-	-	34.24K
Total Current Taxes	-	-	-	-	34.24K
Normalized Net Income	-270K	-1.18M	-2.41M	-2.31M	-1.64M
Supplemental Operating Expense Items
Marketing Expenses	-	-	149K	121K	100K
Selling and Marketing Expenses	-	-	149K	121K	100K
General and Administrative Expenses	331K	2.04M	3.8M	3.76M	3.97M
Net Rental Expense, Total	227K	388K	531K	979K	1.27M
Imputed Operating Lease Interest Expense	31.1K	30.37K	46.58K	177K	370K
Imputed Operating Lease Depreciation	196K	357K	484K	801K	904K

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	-	1.09M	6.51M	1.83M	1.24M
Total Cash And Short Term Investments	-	1.09M	6.51M	1.83M	1.24M
Accounts Receivable, Total	-	-	-	-	84.11K
Total Receivables	-	-	-	-	84.11K
Inventory	15.74K	36.57K	60.9K	73.02K	139K
Total Current Assets	15.74K	1.12M	6.57M	1.91M	1.46M
Gross Property Plant And Equipment	3.33M	5.07M	10.32M	11.25M	15.11M
Accumulated Depreciation	-379K	-518K	-1.18M	-1.7M	-2.52M
Net Property Plant And Equipment	2.95M	4.55M	9.14M	9.55M	12.6M
Goodwill	-	-	-	-	1.99M
Other Intangibles, Total	-	-	-	-	491K
Loans Receivable Long-Term	-	-	-	-	100K
Other Long-Term Assets, Total	52.22K	158K	308K	1.56M	936K
Total Assets	3.01M	5.84M	16.02M	13.02M	17.57M
Liabilities
Accounts Payable, Total	170K	1.6M	744K	648K	843K
Short-term Borrowings	940K	1.38M	473K	1.56M	1.77M
Current Portion of Long-Term Debt	383K	360K	306K	425K	1.38M
Current Portion of Leases	189K	215K	459K	572K	975K
Other Current Liabilities	22.74K	88.44K	5.92K	65.7K	1.08M
Total Current Liabilities	1.7M	3.65M	1.99M	3.27M	6.04M
Long-Term Debt	1.43M	2.41M	2.13M	1.41M	3.95M
Long-Term Leases	1.26M	2.09M	6.26M	5.69M	7.32M
Total Liabilities	4.39M	8.15M	10.38M	10.37M	17.32M
Common Stock, Total	-	946	1.29K	133	140
Additional Paid In Capital	476K	553K	11.94M	11.99M	12.26M
Retained Earnings	-1.85M	-2.81M	-6.3M	-9.34M	-12.01M
Comprehensive Income and Other	-	-60K	-	-	-
Total Common Equity	-1.37M	-2.32M	5.64M	2.65M	255K
Total Equity	-1.37M	-2.32M	5.64M	2.65M	255K
Total Liabilities And Equity	3.01M	5.84M	16.02M	13.02M	17.57M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	533K	3.6M	4.78M	5.32M	5.73M
ECS Total Common Shares Outstanding	533K	3.78M	5.18M	5.32M	5.6M
Book Value / Share	-2.57	-0.61	1.09	0.5	0.05
Tangible Book Value	-1.37M	-2.32M	5.64M	2.65M	-2.22M
Tangible Book Value Per Share	-2.57	-0.61	1.09	0.5	-0.4
Total Debt	4.19M	6.47M	9.63M	9.65M	15.4M
Net Debt	4.19M	5.38M	3.12M	7.82M	14.16M
Debt Equivalent Oper. Leases	1.82M	3.1M	4.25M	7.83M	10.19M
Account Code - Inventory Valuation	5	5	5	5	5
Machinery, Total	359K	396K	801K	1.34M	2.25M
Full Time Employees	-	130	130	180	259

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-450K	-1.63M	-3.49M	-3.04M	-2.67M
Depreciation & Amortization - CF	114K	139K	658K	546K	822K
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	39.83K
Depreciation & Amortization, Total	114K	139K	658K	546K	862K
(Gain) Loss From Sale Of Asset	-	-	-	-8.92K	-
Other Operating Activities, Total	-	978K	-386K	-700K	-
Change In Accounts Receivable	-	-	-	-	-84.11K
Change In Inventories	-1.66K	-20.84K	-24.33K	-12.12K	-53.61K
Change In Accounts Payable	-94.92K	297K	884K	-33.92K	199K
Change in Other Net Operating Assets	515K	432K	-1.44M	-1.34M	2.62M
Cash from Operations	82.35K	194K	-3.8M	-4.59M	875K
Capital Expenditure	-545K	-897K	-1.47M	-1.47M	-762K
Cash Acquisitions	-	-	-	-	-1.8M
Cash from Investing	-545K	-897K	-1.47M	-1.47M	-2.56M
Short Term Debt Issued, Total	29.06K	-	300K	1.3M	-
Long-Term Debt Issued, Total	978K	1.4M	258K	812K	2.13M
Total Debt Issued	1.01M	1.4M	558K	2.11M	2.13M
Short Term Debt Repaid, Total	-	-29.06K	-	-61.16K	-500K
Long-Term Debt Repaid, Total	-17.4K	-167K	-210K	-716K	-434K
Total Debt Repaid	-17.4K	-196K	-210K	-777K	-934K
Issuance of Common Stock	60K	1.28M	10.35M	56K	268K
Common Dividends Paid	-665K	-397K	-	-	-
Common & Preferred Stock Dividends Paid	-665K	-397K	-	-	-
Cash from Financing	385K	2.09M	10.69M	1.39M	1.47M
Net Change in Cash	-78.12K	1.39M	5.42M	-4.68M	-221K
Supplemental Items
Cash Interest Paid	47.6K	52.22K	88.3K	218K	443K
Cash Income Tax Paid (Refund)	18.88K	14.65K	19.24K	48.65K	34.24K
Levered Free Cash Flow	-1.15M	-480K	-4.2M	-3.31M	-723K
Unlevered Free Cash Flow	-1.12M	-447K	-4.14M	-3.17M	-439K
Change In Net Working Capital	421K	-1.47M	961K	48.63K	-1.06M
Net Debt Issued / Repaid	990K	1.21M	348K	1.33M	1.2M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-10.53	-26.27	-21.65	-15.13	-10.44
Return on Total Capital	-12.48	-33.36	-24.36	-15.94	-11.42
Return On Equity %	53.35	88.37	-210.13	-73.34	-183.29
Return on Common Equity	53.35	88.37	-210.13	-73.34	-183.29
Margin Analysis
Gross Profit Margin %	0.37	4.92	9.95	9.87	18.22
SG&A Margin	10.43	31.25	47.7	42.1	31.71
EBITDA Margin %	-10.06	-26.33	-37.74	-32.23	-13.19
EBITA Margin %	-13.67	-28.45	-45.69	-38.15	-19.59
EBIT Margin %	-13.67	-28.45	-45.69	-38.15	-19.9
Income From Continuing Operations Margin %	-14.2	-24.94	-42.11	-32.99	-20.76
Net Income Margin %	-14.2	-24.94	-42.11	-32.99	-20.76
Net Avail. For Common Margin %	-14.2	-24.94	-42.11	-32.99	-20.76
Normalized Net Income Margin	-8.5	-18.13	-29.08	-25.1	-12.81
Levered Free Cash Flow Margin	-36.42	-7.34	-50.67	-35.89	-5.63
Unlevered Free Cash Flow Margin	-35.4	-6.84	-50	-34.41	-3.42
Asset Turnover
Asset Turnover	1.23	1.48	0.76	0.63	0.84
Fixed Assets Turnover	1.28	1.74	1.21	0.99	1.16
Inventory Turnover (Average Inventory)	211.96	237.65	153.03	124.02	98.85
Short Term Liquidity
Current Ratio	0.01	0.31	3.31	0.58	0.24
Quick Ratio	-	0.3	3.28	0.56	0.22
Operating Cash Flow to Current Liabilities	0.05	0.05	-1.91	-1.4	0.14
Days Outstanding Inventory (Average Inventory)	1.73	1.54	2.38	2.94	3.7
Average Days Payable Outstanding	22.13	51.74	57.13	30.54	25.82
Long Term Solvency
Total Debt/Equity	-305.77	-278.91	170.81	363.76	6.03K
Total Debt / Total Capital	148.6	155.89	63.07	78.44	98.37
LT Debt/Equity	-195.49	-194.45	148.86	267.45	4.42K
Long-Term Debt / Total Capital	95	108.69	54.97	57.67	72.05
Total Liabilities / Total Assets	145.49	139.74	64.8	79.62	98.55
EBIT / Interest Expense	-8.4	-35.62	-42.86	-16.11	-5.61
EBITDA / Interest Expense	-1.78	-25.54	-29.39	-9.13	-0.92
(EBITDA - Capex) / Interest Expense	-12.35	-42.71	-46.07	-15.87	-2.59
Total Debt / EBITDA	-45.64	-4.85	-3.71	-4.85	-36.76
Net Debt / EBITDA	-45.64	-4.03	-1.2	-3.93	-33.8
Total Debt / (EBITDA - Capex)	-6.58	-2.9	-2.37	-2.79	-13.04
Net Debt / (EBITDA - Capex)	-6.58	-2.41	-0.77	-2.26	-11.99
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-21.87	106.15	26.7	11.26	39.33
Gross Profit, 1 Yr. Growth %	-97.84	460.35	133.39	10.37	157.03
EBITDA, 1 Yr. Growth %	629.48	435.8	81.6	22.35	-43
EBITA, 1 Yr. Growth %	572.59	326.86	103.45	13.93	-28.45
EBIT, 1 Yr. Growth %	572.59	326.86	103.45	13.93	-27.32
Earnings From Cont. Operations, 1 Yr. Growth %	235.6	262.23	113.89	-12.82	-12.32
Net Income, 1 Yr. Growth %	235.6	262.23	113.89	-12.82	-12.32
Normalized Net Income, 1 Yr. Growth %	286.54	333.04	104.38	17.3	-28.9
Diluted EPS Before Extra, 1 Yr. Growth %	181.1	143.3	-3.99	-29.25	-13.41
Inventory, 1 Yr. Growth %	11.8	132.42	66.51	19.91	90.93
Net Property, Plant and Equip., 1 Yr. Growth %	46.59	54.54	100.71	4.52	31.86
Total Assets, 1 Yr. Growth %	41.25	93.57	174.51	-18.72	34.98
Tangible Book Value, 1 Yr. Growth %	333.9	69.07	-343.15	-52.93	-183.72
Common Equity, 1 Yr. Growth %	333.9	69.07	-343.15	-52.93	-90.38
Cash From Operations, 1 Yr. Growth %	-88.08	44.94	-2.06K	20.87	-119.06
Capital Expenditures, 1 Yr. Growth %	937.55	64.45	64.32	-0.14	-48.24
Levered Free Cash Flow, 1 Yr. Growth %	-	-58.51	774.78	-12.02	-78.14
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-60.22	826.31	-14.39	-86.17
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	26.91	61.62	18.73	24.51
Gross Profit, 2 Yr. CAGR %	-	-22.8	207.15	60.5	68.43
EBITDA, 2 Yr. CAGR %	-	527.29	211.93	31.35	-16.49
EBITA, 2 Yr. CAGR %	-	437.14	194.7	37.47	-9.71
EBIT, 2 Yr. CAGR %	-	437.14	194.7	37.47	-9
Earnings From Cont. Operations, 2 Yr. CAGR %	-	248.66	178.34	36.55	-12.57
Net Income, 2 Yr. CAGR %	-	248.66	178.34	36.55	-12.57
Normalized Net Income, 2 Yr. CAGR %	-	312.21	193.38	40.1	-8.68
Diluted EPS Before Extra, 2 Yr. CAGR %	-	62.46	53.76	-18.67	-21.73
Inventory, 2 Yr. CAGR %	-	61.2	96.72	41.3	51.31
Net Property, Plant and Equip., 2 Yr. CAGR %	-	50.51	76.12	44.84	17.4
Total Assets, 2 Yr. CAGR %	-	65.35	130.51	49.37	4.74
Tangible Book Value, 2 Yr. CAGR %	-	170.85	102.76	6.98	-37.23
Common Equity, 2 Yr. CAGR %	-	170.85	102.76	6.98	-78.72
Cash From Operations, 2 Yr. CAGR %	-	-46.98	432.55	386.32	-52
Capital Expenditures, 2 Yr. CAGR %	-	313.06	64.38	28.09	-28.1
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	90.51	162.59	-56.14
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	91.95	166.34	-65.59
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	26.84	42.7	25.23
Gross Profit, 3 Yr. CAGR %	-	-	15.21	118.36	87.77
EBITDA, 3 Yr. CAGR %	-	-	314.97	109.87	-0.55
EBITA, 3 Yr. CAGR %	-	-	288.64	100.56	10.58
EBIT, 3 Yr. CAGR %	-	-	288.64	100.56	11.16
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	196.25	89.03	17.81
Net Income, 3 Yr. CAGR %	-	-	196.25	89.03	17.81
Normalized Net Income, 3 Yr. CAGR %	-	-	225.68	102.19	11.75
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	36.88	17.66	-16.95
Inventory, 3 Yr. CAGR %	-	-	62.95	66.8	56.22
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	65.67	48	40.38
Total Assets, 3 Yr. CAGR %	-	-	95.79	62.85	44.41
Tangible Book Value, 3 Yr. CAGR %	-	-	161.29	24.61	-1.42
Common Equity, 3 Yr. CAGR %	-	-	161.29	24.61	-52.06
Cash From Operations, 3 Yr. CAGR %	-	-	76.52	224.85	65.2
Capital Expenditures, 3 Yr. CAGR %	-	-	203.79	39.22	-5.3
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	41.96	14.66
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	41.31	-0.63
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	25.9
Gross Profit, 5 Yr. CAGR %	-	-	-	-	34.11
EBITDA, 5 Yr. CAGR %	-	-	-	-	107.75
EBITA, 5 Yr. CAGR %	-	-	-	-	108.09
EBIT, 5 Yr. CAGR %	-	-	-	-	108.74
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	81.83
Net Income, 5 Yr. CAGR %	-	-	-	-	81.83
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	88.16
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	8.88
Inventory, 5 Yr. CAGR %	-	-	-	-	58.19
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	44.35
Total Assets, 5 Yr. CAGR %	-	-	-	-	52.45
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	47.7
Common Equity, 5 Yr. CAGR %	-	-	-	-	-4.17
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	4.85
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	70.7