Spi Energy Co., Ltd. - Understand $spi stock

$SPI Market Cap: $10.05 Million

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Financial Snapshot

Revenue

$209.9M

TTM

Gross Margin

13.31%

TTM

Net Earnings

-$24.70M

TTM

Current Assets

$80.99M

Q3 2023

Current Liabilities

$195.7M

Q3 2023

Current Ratio

41.39%

Q3 2023

Total Assets

$230.2M

Q3 2023

Total Liabilities

$214.2M

Q3 2023

Book Value

$16.00M

Q3 2023

Cash

$5.527M

Q3 2023

P/E

-0.4068

Nov 29, 2024 EST

Free Cash Flow

-$3.314M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011
Revenue	$177.5M	$162.0M	$138.6M	$97.90M	$125.6M	$121.5M	$114.6M	$190.5M	$91.64M	$42.63M	$139.8M
YoY Change	9.58%	16.88%	41.57%	-22.05%	3.37%	6.02%	-39.84%	107.87%	114.98%	-57.35%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011
Revenue	$177.5M	$162.0M	$138.6M	$97.90M	$125.6M	$121.5M	$114.6M	$190.5M	$91.64M	$42.63M	$139.8M
Cost Of Revenue	$163.0M	$151.4M	$121.8M	$90.70M	$114.5M	$111.4M	$102.5M	$182.4M	$79.50M	$45.40M	$123.9M
Gross Profit	$14.49M	$10.62M	$16.90M	$7.200M	$11.10M	$10.10M	$12.10M	$8.100M	$12.20M	-$2.800M	$15.90M
Gross Profit Margin	8.16%	6.56%	12.19%	7.35%	8.84%	8.31%	10.56%	4.25%	13.31%	-6.57%	11.38%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011
Selling, General & Admin	$40.58M	$52.10M	$16.80M	$21.70M	$14.00M	$18.60M	$24.10M	$116.2M	$7.600M	$19.60M	$11.30M
YoY Change	-22.1%	210.1%	-22.58%	55.0%	-24.73%	-22.82%	-79.26%	1428.95%	-61.22%
% of Gross Profit	280.16%	490.55%	99.41%	301.39%	126.13%	184.16%	199.17%	1434.57%	62.3%		71.05%
Research & Development	$1.472M								$0.00	$1.800M
YoY Change									-100.0%
% of Gross Profit	10.16%								0.0%
Depreciation & Amortization	$3.226M	$7.275M	$3.570M	$2.260M	$1.500M	$1.460M	$4.440M	$5.550M	$1.840M	$1.850M	$806.0K
YoY Change	-55.66%	103.78%	57.96%	50.67%	2.74%	-67.12%	-20.0%	201.63%	-0.54%
% of Gross Profit	22.27%	68.5%	21.12%	31.39%	13.51%	14.46%	36.69%	68.52%	15.08%		5.07%
Operating Expenses	$43.12M	$52.10M	$16.70M	$21.70M	$14.00M	$18.70M	$24.10M	$116.2M	$7.600M	$21.30M	$13.66M
YoY Change	-17.24%	211.95%	-23.04%	55.0%	-25.13%	-22.41%	-79.26%	1428.95%	-64.32%
Operating Profit	-$28.63M	-$41.48M	$200.0K	-$14.50M	-$2.900M	-$8.600M	-$12.00M	-$108.1M	$4.600M	-$24.10M	$2.239M
YoY Change	-30.97%	-20838.0%	-101.38%	400.0%	-66.28%	-28.33%	-88.9%	-2450.0%	-119.09%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011
Interest Expense	-$4.813M	-$2.376M	-$8.700M	-$2.200M	-$5.200M	-$15.10M	-$10.70M	-$20.80M	-$100.0K	-$2.700M	$1.490M
YoY Change	102.57%	-72.69%	295.45%	-57.69%	-65.56%	41.12%	-48.56%	20700.0%	-96.3%
% of Operating Profit			-4350.0%						-2.17%		66.55%
Other Income/Expense, Net	-$3.099M	$472.0K	$2.800M	$6.300M	$500.0K	-$9.200M	$800.0K	$600.0K	$2.300M	-$700.0K	-$446.0K
YoY Change	-756.57%	-83.14%	-55.56%	1160.0%	-105.43%	-1250.0%	33.33%	-73.91%	-428.57%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011
Pretax Income	-$31.73M	-$43.38M	-$5.800M	-$15.10M	-$5.800M	-$26.40M	-$101.4M	-$184.4M	-$2.200M	-$31.40M	$2.892M
YoY Change	-26.85%	647.93%	-61.59%	160.34%	-78.03%	-73.96%	-45.01%	8281.82%	-92.99%
Income Tax	$1.992M	$1.454M	$500.0K	$100.0K	$300.0K	$100.0K	$600.0K	$700.0K	$3.000M	$800.0K	$187.0K
% Of Pretax Income											6.47%
Net Earnings	-$33.72M	-$45.49M	-$6.500M	-$15.30M	-$12.30M	-$91.10M	-$220.7M	-$184.8M	-$5.200M	-$32.20M	$1.606M
YoY Change	-25.87%	599.86%	-57.52%	24.39%	-86.5%	-58.72%	19.43%	3453.85%	-83.85%
Net Earnings / Revenue	-19.0%	-28.08%	-4.69%	-15.63%	-9.79%	-74.98%	-192.58%	-97.01%	-5.67%	-75.54%	1.15%
Basic Earnings Per Share	-$1.30	-$1.90									$0.01
Diluted Earnings Per Share	-$1.30	-$1.880M	-$408.8K	-$1.205M	-$1.685M	-$13.40M	-$34.48M	-$30.30M	-$825.4K	-$5.111M	$0.01

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Cash & Short-Term Investments	$3.533M	$9.765M	$38.90M	$2.800M	$4.100M	$2.200M	$4.200M	$82.10M	$192.7M	$1.000M
YoY Change	-63.82%	-74.9%	1289.29%	-31.71%	86.36%	-47.62%	-94.88%	-57.39%	19170.0%
Cash & Equivalents	$3.533M	$9.765M	$38.90M	$2.800M	$4.100M	$2.200M	$4.200M	$82.10M	$156.5M	$1.000M
Short-Term Investments								$0.00	$27.40M	$0.00
Other Short-Term Assets	$23.71M	$24.75M	$3.800M	$20.80M	$26.90M	$100.7M	$79.10M	$192.2M	$158.9M	$4.500M
YoY Change	-4.21%	551.37%	-81.73%	-22.68%	-73.29%	27.31%	-58.84%	20.96%	3431.11%
Inventory	$28.99M	$23.24M	$17.30M	$13.80M	$11.90M	$15.80M	$12.30M	$27.20M	$7.000M	$0.00
Prepaid Expenses
Receivables	$24.09M	$24.22M	$17.10M	$16.50M	$27.80M	$12.00M	$45.60M	$73.40M	$22.70M	$6.300M
Other Receivables	$1.632M	$2.088M	$2.200M	$2.600M	$3.200M	$600.0K	$13.10M	$18.60M	$0.00	$12.30M
Total Short-Term Assets	$81.96M	$84.07M	$79.30M	$56.50M	$73.90M	$131.3M	$154.3M	$393.6M	$381.3M	$24.10M
YoY Change	-2.51%	6.01%	40.35%	-23.55%	-43.72%	-14.91%	-60.8%	3.23%	1482.16%
Property, Plant & Equipment	$70.63M	$65.64M	$59.10M	$50.30M	$37.50M	$39.80M	$156.7M	$186.2M	$127.7M	$11.80M
YoY Change	7.59%	11.07%	17.5%	34.13%	-5.78%	-74.6%	-15.84%	45.81%	982.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$69.61M	$69.61M	$69.60M	$69.60M	$69.60M	$69.60M	$2.200M	$14.00M	$0.00	$7.500M
YoY Change	0.0%	0.01%	0.0%	0.0%	0.0%	3063.64%	-84.29%		-100.0%
Other Assets	$1.190M	$168.0K	$100.0K	$100.0K	$100.0K	$61.20M	$1.000M	$3.200M	$1.200M	$400.0K
YoY Change	608.33%	68.0%	0.0%	0.0%	-99.84%	6020.0%	-68.75%	166.67%	200.0%
Total Long-Term Assets	$149.1M	$144.0M	$137.7M	$122.4M	$114.8M	$186.0M	$207.5M	$316.0M	$206.6M	$46.90M
YoY Change	3.56%	4.58%	12.5%	6.62%	-38.28%	-10.36%	-34.34%	52.95%	340.51%
Total Assets	$231.1M	$228.1M	$217.0M	$178.9M	$188.7M	$317.3M	$361.8M	$709.6M	$587.9M	$71.00M
YoY Change
Accounts Payable	$30.41M	$25.61M	$15.00M	$19.70M	$16.30M	$19.10M	$69.60M	$97.80M	$76.80M	$3.900M
YoY Change	18.71%	70.75%	-23.86%	20.86%	-14.66%	-72.56%	-28.83%	27.34%	1869.23%
Accrued Expenses	$6.266M	$4.917M	$3.500M	$3.900M	$11.20M	$19.90M	$16.60M	$26.70M	$11.30M	$700.0K
YoY Change	27.44%	40.49%	-10.26%	-65.18%	-43.72%	19.88%	-37.83%	136.28%	1514.29%
Deferred Revenue
YoY Change
Short-Term Debt	$71.31M	$70.01M	$65.10M	$56.60M	$3.000M	$0.00	$2.700M	$34.30M	$26.70M	$0.00
YoY Change	1.86%	7.54%	15.02%	1786.67%		-100.0%	-92.13%	28.46%
Long-Term Debt Due	$53.60M	$59.54M	$60.40M	$65.30M	$41.80M	$40.50M	$145.0M	$214.5M	$48.30M	$4.300M
YoY Change	-9.98%	-1.43%	-7.5%	56.22%	3.21%	-72.07%	-32.4%	344.1%	1023.26%
Total Short-Term Liabilities	$189.7M	$173.8M	$151.6M	$170.0M	$166.5M	$386.3M	$330.5M	$473.6M	$252.3M	$60.70M
YoY Change	9.12%	14.67%	-10.82%	2.1%	-56.9%	16.88%	-30.22%	87.71%	315.65%
Long-Term Debt	$6.597M	$12.80M	$7.200M	$7.800M	$20.10M	$23.20M	$36.70M	$13.20M	$42.70M	$11.70M
YoY Change	-48.46%	77.78%	-7.69%	-61.19%	-13.36%	-36.78%	178.03%	-69.09%	264.96%
Other Long-Term Liabilities	$14.26M	$12.52M	$5.900M	$3.000M	$1.500M	$4.700M	$3.500M	$2.000M	$27.10M	$1.400M
YoY Change	13.85%	112.24%	96.67%	100.0%	-68.09%	34.29%	75.0%	-92.62%	1835.71%
Total Long-Term Liabilities	$20.85M	$25.32M	$13.10M	$10.80M	$21.60M	$27.90M	$40.20M	$15.20M	$69.80M	$13.10M
YoY Change	-17.65%	93.3%	21.3%	-50.0%	-22.58%	-30.6%	164.47%	-78.22%	432.82%
Total Liabilities	$218.9M	$205.7M	$171.8M	$187.0M	$192.6M	$419.1M	$378.8M	$496.6M	$325.8M	$73.80M
YoY Change	6.44%	19.7%	-8.13%	-2.91%	-54.04%	10.64%	-23.72%	52.42%	341.46%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2022	2021	2011
Basic Shares Outstanding	26.51M shares	24.19M shares	184.4M shares
Diluted Shares Outstanding	26.51M shares	24.19M shares	184.4M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $10.05 Million

About SPI Energy Co., Ltd.

SPI Energy Co. Ltd. is a global renewable energy company, which engages in the provision of solar storage and electric vehicle solutions. The company is headquartered in Mcclellan, California and currently employs 316 full-time employees. The company went IPO on 2016-01-19. The Company’s segments include Renewable energy solutions and PV stations constructions and operations. The firm develops solar PV projects which are either sold to third party operators or owned and operated by the Company for selling electricity to the grid in multiple countries in Asia, North America and Europe. In Australia, the Company primarily sells solar PV components to retail customers and solar project developers. The company is also engaged in roofing and solar energy systems installation and assembling solar modules. The Company’s subsidiaries include SolarJuice Co., Ltd, Solar Juice Pty Ltd., Solarjuice American Inc., Sloar4america Technology Inc., Italsolar S.r.l., SPI Solar Japan G.K., Solar Power Inc UK Service Limited, SPI Solar Inc., Heliostixio S.A., Heliohrisi S.A., and others.

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