Financial Statements — BHAT
Balance Sheet
(in millions USD)| Metric | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.41 | 0.07 | 0.14 | -- | 15.80 | 15.48 |
| Accounts Receivable | -- | 15.16 | 13.49 | 16.68 | 16.59 | 13.63 |
| Inventory | 64.56 | 17.55 | -- | 0.11 | 0.12 | 0.13 |
| Total Current Assets | 70.06 | 39.28 | 21.53 | 21.70 | 50.69 | 42.72 |
| Property, Plant & Equipment | 3.34 | 3.54 | 3.83 | 4.15 | 4.26 | 2.32 |
| Intangible Assets | -- | 1.37 | 4.65 | 6.92 | 14.25 | 6.76 |
| Total Non-current Assets | 5.17 | 9.98 | 12.74 | 14.81 | 25.00 | 16.10 |
| Total Assets | 75.23 | 49.26 | 34.28 | 36.51 | 75.69 | 58.82 |
| Accounts Payable | 34.16 | 0.32 | 0.89 | 0.96 | 0.94 | 0.29 |
| Short-term Debt | 0.15 | 0.27 | 1.26 | 0.86 | 5.13 | 5.82 |
| Total Current Liabilities | 40.65 | 5.66 | 17.41 | 18.28 | 16.74 | 13.68 |
| Long-term Debt | -- | -- | -- | 0.52 | -- | 0.09 |
| Total Non-current Liabilities* | 2.44 | 2.98 | 2.34 | 0.58 | 0.00 | 0.39 |
| Total Liabilities | 43.09 | 8.64 | 19.75 | 18.86 | 16.74 | 14.07 |
| Retained Earnings | (66.36) | (56.83) | (35.11) | (25.75) | 31.39 | 24.13 |
| Total Stockholder Equity | 32.14 | 40.62 | 12.11 | 15.19 | 58.95 | 44.75 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 18.72 | 73.69 | 7.38 | 15.16 | 30.19 | 23.83 |
| Cost of Revenue | 17.18 | 72.53 | 3.38 | 8.67 | 16.21 | 7.53 |
| Gross Profit | 1.55 | 1.15 | 4.00 | 6.48 | 13.98 | 16.30 |
| Research & Development | 3.17 | 2.57 | 4.46 | 13.17 | 0.28 | 1.03 |
| Selling, General & Admin | 2.83 | 13.77 | 6.37 | 32.03 | 3.61 | 4.86 |
| Total Operating Expenses | 6.00 | 30.04 | 12.00 | 67.44 | 4.42 | 6.82 |
| Operating Income | (4.46) | (28.88) | (8.00) | (60.96) | 9.57 | 9.48 |
| Interest Expense | 0.18 | 0.22 | 0.33 | 0.40 | 0.44 | 0.17 |
| Pretax Income | (9.52) | (29.10) | (8.31) | (61.41) | 10.06 | 9.53 |
| Tax Provision | -- | 0.01 | 1.10 | 0.14 | 1.78 | 0.45 |
| Net Income | (9.52) | (19.30) | (9.37) | (57.14) | 8.28 | 9.07 |
| Basic EPS | -- | 0.30 | -- | -- | 0.21 | -- |
| Diluted EPS | 16.29 | 0.30 | -- | -- | 0.21 | -- |
Cash Flow Statement
(in millions USD)| Metric | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 7.66 | (9.77) | (1.60) | (22.28) | 4.54 | 12.31 |
| Capital Expenditures | -- | 0.00 | 0.00 | 0.14 | 2.21 | 2.22 |
| Free Cash Flow* | -- | (9.78) | (1.60) | (22.43) | 2.33 | 10.09 |
| Investing Cash Flow | (0.02) | -- | 0.01 | (4.50) | (10.76) | (19.11) |
| Financing Cash Flow | 0.48 | -- | 2.53 | 7.57 | 2.49 | 10.60 |
* Derived from reported values
