$ROYL
Royale Energy, Inc.

2024 Q3 Form 10-Q Financial Statement

#000118518524000806 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $574.4K $559.7K $528.9K
YoY Change 10.77% 5.83% -23.03%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $497.9K $462.5K $479.8K
YoY Change 6.43% -3.6% -15.05%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.55K $110.2K $114.5K
YoY Change -1.34% -3.78% -4.23%
% of Gross Profit
Operating Expenses $497.9K $462.5K $479.8K
YoY Change 6.43% -3.6% -15.05%
Operating Profit -$1.076M -$47.12K -$1.092M
YoY Change 128.44% -95.68% 301.1%
Interest Expense $108.0K $63.50K $507.00
YoY Change 32928.75% 12424.26% -77.51%
% of Operating Profit
Other Income/Expense, Net -$63.50K $56.50K
YoY Change -212.39%
Pretax Income -$110.6K -$1.035M
YoY Change -89.32% 297.45%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.184M -$110.6K -$1.035M
YoY Change 151.59% -89.32% 297.45%
Net Earnings / Revenue -206.17% -19.76% -195.77%
Basic Earnings Per Share -$0.02 $0.00 -$0.02
Diluted Earnings Per Share -$0.02 $0.00 -$0.02
COMMON SHARES
Basic Shares Outstanding 71.86M shares 71.86M shares 65.14M shares
Diluted Shares Outstanding 71.86M shares 71.86M shares 65.32M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.737M $1.449M $974.5K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $557.4K $620.6K $2.118M
Receivables $513.4K $394.4K $381.8K
Other Receivables $622.9K $698.0K $999.0K
Total Short-Term Assets $8.972M $7.989M $8.155M
YoY Change -10.01% -2.04% -2.93%
LONG-TERM ASSETS
Property, Plant & Equipment $6.321K $6.815K $2.709M
YoY Change -99.76% -99.75% 35.99%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $589.9K $589.9K $589.9K
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Assets $5.912M $5.768M $3.593M
YoY Change 68.02% 60.52% 21.61%
TOTAL ASSETS
Total Short-Term Assets $8.972M $7.989M $8.155M
Total Long-Term Assets $5.912M $5.768M $3.593M
Total Assets $14.88M $13.76M $11.75M
YoY Change 10.34% 17.1% 3.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.241M $6.116M
YoY Change
Accrued Expenses $653.7K $432.3K $209.6K
YoY Change 205.76% 106.22% 3.55%
Deferred Revenue $11.33M $9.466M $8.191M
YoY Change 11.71% 15.57% -2.01%
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $19.96M $17.40M $15.14M
YoY Change 14.38% 14.96% -1.51%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $1.616M $1.616M $1.616M
YoY Change 0.0% 0.0% 0.0%
Total Long-Term Liabilities $1.616M $1.616M $1.616M
YoY Change 0.0% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.96M $17.40M $15.14M
Total Long-Term Liabilities $1.616M $1.616M $1.616M
Total Liabilities $28.54M $26.00M $21.20M
YoY Change 21.87% 22.66% -0.48%
SHAREHOLDERS EQUITY
Retained Earnings -$93.04M -$91.64M -$88.09M
YoY Change 4.8% 4.02% 0.8%
Common Stock $71.86K $71.86K $67.68K
YoY Change 6.17% 6.17% 16.36%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$38.32M -$36.91M -$33.48M
YoY Change
Total Liabilities & Shareholders Equity $14.88M $13.76M $11.75M
YoY Change 10.34% 17.1% 3.46%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.184M -$110.6K -$1.035M
YoY Change 151.59% -89.32% 297.45%
Depreciation, Depletion And Amortization $56.55K $110.2K $114.5K
YoY Change -1.34% -3.78% -4.23%
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><span style="text-decoration:underline">Reclassifications</span></p><p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">Certain reclassifications of amounts previously reported have been made to the accompanying financial statements to maintain consistency between periods presented. The reclassifications had no impact on previously reported equity.</p>
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