9 Spokes International Limited (ASX:9SP) Annual Report 2020



The latest annual report of 9 Spokes International Limited (9SP) was published on 31 Mar 2020. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - 9SP Annual Results

Amounts in NZD

Total Revenue
5.88M
Gross Profit
4.7M
EBIT
-4.3M
Net Tangible Assets
2.14M
Net Income
-4.88M
Capital Expenditures
-

9SP Income Statement 2020 Annual Report

As per the latest Income Statement of 9SP, the Net revenue decreased by $-1.46M (-20%) compared to the previous period. The operating income in 2020 increased by $4.04M (48%). The net income as per the annual report was -4.88M which increased by $4.15M (46%) compared to previous year.

Income Statement Report (2020/2019)

20202019
Total Revenue5.88M7.34M
Gross Profit4.7M4.47M
Operating Income-4.3M-8.34M
Income Before Tax-4.88M-9.03M
Net Income-4.88M-9.03M

Balance Sheet - 9SP 2020 Annual Report

Read further: 9SP Balance Sheet Detailed Analysis

The latest balance sheet from annual result of 9 Spokes International Limited showed the company increased the cash on balance sheet by $3.73M (274%). The Net tangible assets of 9SP on the balance sheet were at 2.14M which is $5.46M (164%) more than previous annual report. The total stockholder equity also increased by $5.46M (164%) compared to previous reporting period.

Balance Sheet Statement Report (2020/2019)

20202019
Cash5.09M1.36M
Total Assets7.38M 3.07M
Long Term Debt--
Total Liabilities5.24M 6.39M
Total Shareholder Equity2.14M-3.32M
Net Tangible Assets2.14M-3.32M

Cash Flow Statement - 9SP 2020 Annual Report

The 2020 annual cash flow statement of 9 Spokes International Limited showed that the net income increased by $4.15M (46%) compared to previous reporting period. Also the capital expenditure of 9SP increased by $NaN (NaN%).

As of 2020, the total cash from investing activities was - and total cash from financing activities was 6.37M.

Cash Flow Statement Report (2020/2019)

20202019
Net Income-4.88M-9.03M
Capital Expenditures--67k
Dividends Paid--
Total Cash From From Investing Activities-933k
Total Cash From From Financing Activities6.37M2.46M

9 Spokes International Limited Annual Report History

Income Statement

Income Statement history of 9 Spokes International Limited (ASX:9SP)

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Total Revenue5.88M7.34M6.07M1.16M
Cost Of Revenue1.18M2.87M6.78M4.08M
Gross Profit4.7M4.47M-709k-2.92M
Research Development4.26M4.59M4.14M2.89M
Selling General Administrative5.72M9.16M13.13M8.57M
Non Recurring----
Other Operating Expenses-977k-935k-609k-1k
Total Operating Expenses10.18M15.68M23.44M15.55M
Operating Income-4.3M-8.34M-17.37M-14.38M
Total Other Income Expense Net-580k-690k306k344k
Ebit-4.3M-8.34M-17.37M-14.38M
Interest Expense-1.18M-694k-5k-5k
Income Before Tax-4.88M-9.03M-17.07M-14.04M
Income Tax Expense--125k-4k
Minority Interest----
Net Income From Continuing Ops-4.88M-9.03M-17.19M-14.04M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income-4.88M-9.03M-17.19M-14.04M
Net Income Applicable To Common Shares-4.88M-9.03M-17.19M-14.04M

Balance Sheet Statement

Balance Sheet Statement history of 9 Spokes International Limited (ASX:9SP)

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Cash5.09M1.36M7.3M7.48M
Net Receivables266k879k2.05M872k
Total Current Assets5.77M2.73M11.03M15.73M
Property Plant Equipment1.6M346k480k535k
Total Assets7.38M3.07M11.51M16.27M
Accounts Payable136k469k838k366k
Other Current Liab1.96M3.01M4.99M4.97M
Other Liab1.55M281k--
Total Current Liabilities2.58M6.11M5.83M5.34M
Total Liab5.24M6.39M5.83M5.34M
Common Stock59.52M48.98M49.03M36.15M
Retained Earnings-57.95M-53.07M-44.04M-26.85M
Treasury Stock563k763k698k1.63M
Other Stockholder Equity563k763k698k1.63M
Total Stockholder Equity2.14M-3.32M5.69M10.93M
Net Tangible Assets2.14M-3.32M5.69M10.93M
Long Term Debt----

Cash Flow Statement

Cash Flow Statement history of 9 Spokes International Limited (ASX:9SP)

31 Mar 202031 Mar 201931 Mar 201831 Mar 2017
Net Income-4.88M-9.03M-17.19M-14.04M
Depreciation695k190k182k79k
Change To Netincome487k729k284k450k
Change To Account Receivables684k1.39M-387k-1.61M
Change To Liabilities413k-2.66M529k1.93M
Total Cash From Operating Activities-2.6M-9.38M-16.58M-13.18M
Net Borrowings-2.82M2.5M2.5M2.5M
Other Cashflows From Financing Activities-1.28M-44k-992k-2.77M
Total Cash From Financing Activities6.37M2.46M11.96M23.77M
Effect Of Exchange Rate-34k56k-284k-150k
Change In Cash3.73M-5.94M-187k4.1M
Issuance Of Stock10.47M10.47M12.96M26.54M
Capital Expenditures--67k-183k-442k
Dividends Paid----
Total Cashflows From Investing Activities-933k4.72M-6.34M