Financial Snapshot

Revenue
$33.36M
TTM
Gross Margin
Net Earnings
-$73.59M
TTM
Current Assets
$50.99M
Q1 2024
Current Liabilities
$23.48M
Q1 2024
Current Ratio
217.15%
Q1 2024
Total Assets
$79.77M
Q1 2024
Total Liabilities
$46.81M
Q1 2024
Book Value
$32.96M
Q1 2024
Cash
P/E
-0.1829
Nov 29, 2024 EST
Free Cash Flow
-$7.781M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $42.09M $109.9M $103.6M $42.70M $11.71M $1.682M $7.475M $58.09M $36.40K $51.47K $300.0K $160.0K $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -61.7% 6.03% 142.71% 264.67% 596.31% -77.51% -87.13% 159493.16% -29.28% -82.84% 87.5%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Revenue $42.09M $109.9M $103.6M $42.70M $11.71M $1.682M $7.475M $58.09M $36.40K $51.47K $300.0K $160.0K $0.00 $0.00 $0.00 $0.00 $0.00
Cost Of Revenue $0.00 $7.433M $57.80M $0.00
Gross Profit $1.682M $42.65K $289.7K $0.00
Gross Profit Margin 100.0% 0.57% 0.5% 0.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Selling, General & Admin $66.71M $116.6M $101.1M $44.23M $9.976M $3.468M $3.036M $2.080M $1.023M $799.4K $1.000M $2.290M $2.200M $330.0K $20.00K $90.00K
YoY Change -42.77% 15.3% 128.55% 343.41% 187.62% 14.23% 45.96% 103.33% 27.98% -20.06% -56.33% 4.09% 566.67% 1550.0% -77.78%
% of Gross Profit 206.26% 7118.85% 718.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.705M $7.469M $2.644M $873.5K $1.050M $561.3K $423.5K $210.2K $170.2K $116.2K $40.00K $30.00K $20.00K $0.00
YoY Change 29.93% 182.47% 202.71% -16.82% 87.1% 32.54% 101.52% 23.46% 46.55% 190.38% 33.33% 50.0%
% of Gross Profit 33.38% 992.99% 72.55%
Operating Expenses $76.70M $123.4M $100.2M $45.11M $11.03M $4.030M $3.420M $2.290M $348.9K $826.0K $1.110M $2.630M $2.340M $340.0K $20.00K $90.00K
YoY Change -37.86% 23.21% 122.1% 309.1% 173.62% 17.82% 49.33% 556.53% -57.77% -25.59% -57.79% 12.39% 588.24% 1600.0% -77.78%
Operating Profit -$2.348M -$3.377M -$2.001M -$826.0K
YoY Change -30.48% 68.82%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Interest Expense -$1.685M -$266.8K -$106.4K -$1.322M -$1.369M -$784.1K -$62.68K -$99.05K -$218.3K -$155.1K -$40.00K $0.00 $0.00 -$20.00K
YoY Change 531.59% 150.82% -91.95% -3.44% 74.59% 1150.96% -36.72% -54.63% 40.78% 287.73% -100.0%
% of Operating Profit
Other Income/Expense, Net -$338.4K -$24.48K -$13.45K -$103.0K -$91.94K $195.8K -$7.660K $0.00 $80.00K $40.00K $30.00K $0.00 $0.00
YoY Change 1282.15% 82.01% -86.94% 12.03% -146.97% -2655.61% -100.0% 100.0% 33.33%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Pretax Income -$79.77M -$56.56M -$50.17M -$4.662M -$1.307M -$3.444M -$3.457M -$2.649M -$1.828M -$1.330M -$850.0K -$2.470M -$2.340M -$350.0K -$20.00K -$90.00K
YoY Change 41.04% 12.73% 976.34% 256.78% -62.07% -0.35% 30.48% 44.91% 37.49% 56.43% -65.59% 5.56% 568.57% 1650.0% -77.78%
Income Tax -$1.446M -$3.549M -$1.612M $852.0K $523.8K $164.5K -$380.00 $310.00 -$19.02K -$20.00K $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$76.83M -$53.09M -$49.76M -$6.616M -$2.709M -$3.853M -$3.456M -$2.649M -$1.828M -$1.248M -$830.0K -$2.470M -$2.340M -$350.0K -$20.00K -$90.00K
YoY Change 44.71% 6.7% 652.02% 144.22% -29.68% 11.47% 30.47% 44.89% 46.56% 50.31% -66.4% 5.56% 568.57% 1650.0% -77.78%
Net Earnings / Revenue -182.56% -48.32% -48.01% -15.5% -23.14% -229.12% -46.23% -4.56% -5023.08% -2423.82% -276.67% -1543.75%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.70 -$0.54 -$0.66 -$0.16 -$0.08 -$0.06 -$0.08 -$0.08 -$0.13 -$0.01 -$0.01 -$0.03 -$0.04 -$0.04 $0.00 -$0.01

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash & Short-Term Investments $1.192M $3.223M $18.80M $6.069M $1.718M $2.016M $3.672M $159.5K $150.0K $8.130K $40.00K $0.00 $720.0K $0.00 $530.0K $620.0K $250.0K
YoY Change -63.03% -82.85% 209.73% 253.35% -14.82% -45.08% 2202.57% 6.3% 1745.14% -79.68% -100.0% -100.0% -14.52% 148.0%
Cash & Equivalents
Short-Term Investments $0.00 $194.9K $0.00 $1.200M $0.00 $0.00 $50.00K $0.00
Other Short-Term Assets $21.97M $37.80M $47.94M $2.938M $2.431M $737.0K $574.9K $740.2K $165.4K $3.440K $10.00K $10.00K $10.00K $10.00K
YoY Change -41.89% -21.14% 1531.6% 20.84% 229.89% 28.2% -22.33% 347.63% 4707.27% -65.6% 0.0% 0.0% 0.0%
Inventory $0.00 $0.00
Prepaid Expenses
Receivables $9.144M $17.32M $9.633M $28.83M $2.657M
Other Receivables $19.15M $18.42M $18.04M $15.48M $11.22M
Total Short-Term Assets $51.46M $76.76M $94.40M $53.32M $18.03M $13.24M $13.71M $1.017M $387.7K $64.40K $150.0K $310.0K $840.0K $140.0K $540.0K $620.0K $250.0K
YoY Change -32.96% -18.69% 77.04% 195.8% 36.2% -3.48% 1248.9% 162.2% 502.03% -57.07% -51.61% -63.1% 500.0% -74.07% -12.9% 148.0%
Property, Plant & Equipment $3.509M $3.411M $2.062M $529.4K $734.4K $112.8K $310.00 $390.00 $18.23K $46.46K $80.00K $70.00K $100.0K $10.00K
YoY Change 2.89% 65.41% 289.52% -27.92% 551.1% 36287.1% -20.51% -97.86% -60.76% -41.93% 14.29% -30.0% 900.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.183M $1.048M $0.00 $350.0K $0.00
YoY Change 12.85% -100.0%
Other Assets $10.86M $386.6K $190.8K $291.9K $0.00 $30.00K
YoY Change 2710.36% 102.56% -34.63%
Total Long-Term Assets $30.47M $64.51M $100.9M $7.985M $11.33M $11.45M $2.028M $3.647M $368.2K $1.728M $90.00K $210.0K $340.0K $10.00K $0.00 $0.00 $30.00K
YoY Change -52.77% -36.06% 1163.57% -29.53% -1.08% 464.77% -44.39% 890.31% -78.69% 1820.32% -57.14% -38.24% 3300.0% -100.0%
Total Assets $81.92M $141.3M $195.3M $61.31M $29.36M $24.69M $15.74M $4.663M $756.0K $1.793M $240.0K $520.0K $1.180M $150.0K $540.0K $620.0K $280.0K
YoY Change
Accounts Payable $10.11M $6.268M $5.224M $22.72M $2.158M $1.461M $289.5K $1.768M $318.3K $430.0K $840.0K $160.0K $330.0K $10.00K $10.00K $30.00K
YoY Change 61.33% 19.97% -77.0% 952.67% 47.71% 404.75% -83.63% -25.98% -48.81% 425.0% -51.52% 3200.0% 0.0% -66.67%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $400.0K $373.6K $0.00 $0.00 $110.0K $0.00 $0.00 $224.4K $224.4K $779.0K $260.0K $30.00K $10.00K $0.00 $0.00 $0.00 $0.00
YoY Change 7.08% -100.0% -100.0% 0.0% -71.19% 199.6% 766.67% 200.0%
Long-Term Debt Due $972.4K $593.9K $432.6K $141.0K $3.624M $3.344M $0.00 $320.5K $602.5K $25.45K $120.0K
YoY Change 63.74% 37.27% 206.78% -96.11% 8.39% -100.0% -46.81% 2267.5% -78.79%
Total Short-Term Liabilities $21.56M $16.01M $20.33M $28.27M $9.050M $4.805M $289.5K $2.313M $1.243M $1.123M $860.0K $900.0K $280.0K $600.0K $10.00K $10.00K $30.00K
YoY Change 34.7% -21.26% -28.1% 212.4% 88.36% 1559.98% -87.49% 86.15% 10.69% 30.55% -4.44% 221.43% -53.33% 5900.0% 0.0% -66.67%
Long-Term Debt $10.30M $4.732M $1.729M $420.7K $187.2K $398.0K $4.264M $0.00 $261.2K $950.8K $30.00K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 117.68% 173.76% 310.86% 124.74% -52.96% -90.67% -100.0% -72.53% 3069.4%
Other Long-Term Liabilities $548.3K $1.882M $1.921M $0.00 $0.00 $0.00 $0.00
YoY Change -70.87% -2.02%
Total Long-Term Liabilities $10.85M $6.614M $3.650M $420.7K $187.2K $398.0K $4.264M $0.00 $261.2K $950.8K $30.00K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change 64.03% 81.24% 767.44% 124.74% -52.96% -90.67% -100.0% -72.53% 3069.4%
Total Liabilities $47.70M $38.92M $44.02M $40.46M $19.68M $15.19M $4.553M $2.313M $1.504M $2.304M $890.0K $900.0K $280.0K $600.0K $10.00K $10.00K $30.00K
YoY Change 22.55% -11.59% 8.8% 105.62% 29.53% 233.66% 96.84% 53.82% -34.72% 158.82% -1.11% 221.43% -53.33% 5900.0% 0.0% -66.67%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $13.459 Million

About Tenet Fintech Group Inc.

Tenet Fintech Group, Inc. is an information technology portfolio management company, which engages in assembling, financing, and managing a portfolio of companies and assets in some of the tech sectors. The company is headquartered in Toronto, Ontario. The company went IPO on 2015-10-23. The Company’s subsidiaries use technology, analytics and AI to create an ecosystem of small and medium-sized enterprises (SMEs) to carry out a range of interactions and transactions, including in the commercial lending space. Its subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Cubeler Business Hub. Cubeler Business Hub is a global ecosystem where analytics and AI are used to create opportunities and facilitate business-to-business (B2B) transactions among its members. Cubeler Business Hub helps create connections among SME execs across industries and regions. The Cubeler Business Hub uses AI and analytics to match and pre-qualify businesses with credit offers from various financial institutions, to detect trends, predict outcomes and provide insights, and facilitate business connections.

Industry: Services-Prepackaged Software Peers: Sphere 3D Corp.