Kona Gold Beverage Inc Financials
This page shows Kona Gold Beverage Inc (KGKG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Kona Gold Beverage Inc has an operating margin of -71.0%, meaning the company retains $-71 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -176.9% the prior year.
Kona Gold Beverage Inc's revenue surged 79.2% year-over-year to $4.4M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Kona Gold Beverage Inc's current ratio of 0.19 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Kona Gold Beverage Inc generated -$2.5M in operating cash flow, capex of $44K consumed most of it, leaving -$2.5M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Kona Gold Beverage Inc passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Kona Gold Beverage Inc generates $0.34 in operating cash flow (-$2.5M OCF vs -$7.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Kona Gold Beverage Inc earns $-3.0 in operating income for every $1 of interest expense (-$3.2M vs $1.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Kona Gold Beverage Inc generated $4.4M in revenue in fiscal year 2022. This represents an increase of 79.2% from the prior year.
Kona Gold Beverage Inc's EBITDA was -$3.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 29.3% from the prior year.
Kona Gold Beverage Inc reported -$7.3M in net income in fiscal year 2022. This represents a decrease of 4.2% from the prior year.
Cash & Balance Sheet
Kona Gold Beverage Inc generated -$2.5M in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 13.0% from the prior year.
Kona Gold Beverage Inc held $40K in cash against $0 in long-term debt as of fiscal year 2022.
Kona Gold Beverage Inc had 2.00B shares outstanding in fiscal year 2022. This represents an increase of 108.3% from the prior year.
Margins & Returns
Kona Gold Beverage Inc's gross margin was 22.3% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is up 8.8 percentage points from the prior year.
Kona Gold Beverage Inc's operating margin was -71.0% in fiscal year 2022, reflecting core business profitability. This is up 105.9 percentage points from the prior year.
Kona Gold Beverage Inc's net profit margin was -164.6% in fiscal year 2022, showing the share of revenue converted to profit. This is up 118.6 percentage points from the prior year.
Capital Allocation
Kona Gold Beverage Inc invested $44K in capex in fiscal year 2022, funding long-term assets and infrastructure. This represents a decrease of 77.2% from the prior year.
KGKG Income Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $688K-26.0% | $930K-27.1% | $1.3M+11.4% | $1.1M+1.2% | $1.1M-3.7% | $1.2M+17.9% | $995K+46.3% | $680K |
| Cost of Revenue | $501K-32.5% | $743K-24.7% | $987K+17.1% | $842K-3.5% | $873K-1.4% | $886K+4.2% | $850K+21.4% | $700K |
| Gross Profit | $187K0.0% | $187K-35.1% | $288K-4.5% | $302K+17.2% | $257K-10.6% | $288K+98.2% | $145K+832.6% | -$20K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $657K-29.2% | $928K-27.2% | $1.3M+15.6% | $1.1M+2.5% | $1.1M+4.2% | $1.0M+9.8% | $939K-33.6% | $1.4M |
| Operating Income | -$470K+36.6% | -$741K+24.9% | -$986K-23.1% | -$801K+2.1% | -$818K-10.0% | -$744K+6.4% | -$794K+71.4% | -$2.8M |
| Interest Expense | $176K-43.0% | $309K+5.4% | $294K+47.2% | $199K-21.4% | $254K+62.3% | $156K-63.7% | $431K+588.2% | $63K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$518K+66.2% | -$1.5M+3.6% | -$1.6M-36.0% | -$1.2M+1.8% | -$1.2M+14.1% | -$1.4M+61.0% | -$3.6M-37.2% | -$2.6M |
| EPS (Diluted) | $0.00 | $0.00 | N/A | N/A | $0.00 | $0.00 | N/A | N/A |
KGKG Balance Sheet
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4M-7.3% | $1.5M-18.0% | $1.8M-16.8% | $2.2M-15.8% | $2.6M+2.5% | $2.6M-11.9% | $2.9M-3.2% | $3.0M |
| Current Assets | $634K-5.8% | $673K-8.1% | $733K-28.4% | $1.0M-24.3% | $1.4M+5.6% | $1.3M-17.9% | $1.6M-2.7% | $1.6M |
| Cash & Equivalents | $370K+280.8% | $97K+26.8% | $77K+92.5% | $40K-85.3% | $271K+4276.1% | $6K-97.9% | $297K-57.8% | $704K |
| Inventory | $334K-39.5% | $552K-14.2% | $643K-25.2% | $859K-14.8% | $1.0M-15.3% | $1.2M+5.4% | $1.1M+96.5% | $575K |
| Accounts Receivable | -$120K-596.1% | $24K+84.6% | $13K-83.5% | $80K+41.8% | $56K+124.9% | $25K-73.5% | $94K+488.6% | $16K |
| Goodwill | N/A | N/A | N/A | $1.3M | N/A | N/A | N/A | $1.3M |
| Total Liabilities | $6.8M+0.1% | $6.7M+5.6% | $6.4M+6.8% | $6.0M0.0% | $6.0M+7.6% | $5.6M-23.6% | $7.3M+2.0% | $7.1M |
| Current Liabilities | $6.4M+0.7% | $6.4M+10.6% | $5.8M+8.6% | $5.3M+1.2% | $5.2M+24.5% | $4.2M-6.7% | $4.5M+9.0% | $4.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $850K |
| Total Equity | -$5.4M-2.2% | -$5.2M-15.2% | -$4.5M-20.7% | -$3.8M-12.4% | -$3.3M-12.0% | -$3.0M+31.4% | -$4.4M-5.7% | -$4.1M |
| Retained Earnings | -$27.3M-1.9% | -$26.7M-6.1% | -$25.2M-6.7% | -$23.6M-5.2% | -$22.4M-5.6% | -$21.3M-7.0% | -$19.9M-21.8% | -$16.3M |
KGKG Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $557K+250.5% | -$370K-71.5% | -$216K+38.6% | -$351K+33.7% | -$529K+44.3% | -$950K-41.9% | -$670K+41.5% | -$1.1M |
| Capital Expenditures | N/A | N/A | N/A | $1K-92.0% | $19K+517.6% | $3K-85.6% | $21K-56.8% | $49K |
| Free Cash Flow | N/A | N/A | N/A | -$352K+35.7% | -$548K+42.5% | -$953K-38.0% | -$691K+42.1% | -$1.2M |
| Investing Cash Flow | N/A | N/A | N/A | -$1K+92.0% | -$19K-517.6% | -$3K+85.6% | -$21K-101.7% | $1.2M |
| Financing Cash Flow | -$292K-174.9% | $390K+54.6% | $252K+107.8% | $121K-85.1% | $813K+22.7% | $662K+133.5% | $284K+291.2% | $72K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KGKG Financial Ratios
| Metric | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.2%+7.1pp | 20.1%-2.5pp | 22.6%-3.8pp | 26.4%+3.6pp | 22.8%-1.8pp | 24.5%+9.9pp | 14.6%+17.5pp | -2.9% |
| Operating Margin | -68.3%+11.4pp | -79.7%-2.4pp | -77.3%-7.3pp | -70.0%+2.3pp | -72.3%-9.0pp | -63.4%+16.4pp | -79.8%+327.7pp | -407.5% |
| Net Margin | -75.3%+89.8pp | -165.1%-40.2pp | -124.9%-22.6pp | -102.4%+3.1pp | -105.4%+12.9pp | -118.3%+239.6pp | -357.9%+23.9pp | -381.8% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -37.0%+64.5pp | -101.5%-15.1pp | -86.4%-33.5pp | -52.8%-7.5pp | -45.3%+8.8pp | -54.1%+68.2pp | -122.3%-36.0pp | -86.3% |
| Current Ratio | 0.100.0 | 0.11-0.0 | 0.13-0.1 | 0.19-0.1 | 0.26-0.0 | 0.30-0.0 | 0.35-0.0 | 0.39 |
| Debt-to-Equity | -1.26+0.0 | -1.29+0.1 | -1.41+0.2 | -1.59+0.2 | -1.79+0.1 | -1.86-0.2 | -1.67-1.5 | -0.21 |
| FCF Margin | N/A | N/A | N/A | -30.8%+17.7pp | -48.5%+32.7pp | -81.2%-11.8pp | -69.4%+106.0pp | -175.4% |
Note: Shareholder equity is negative (-$3.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.19), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Kona Gold Beverage Inc's annual revenue?
Kona Gold Beverage Inc (KGKG) reported $4.4M in total revenue for fiscal year 2022. This represents a 79.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Kona Gold Beverage Inc's revenue growing?
Kona Gold Beverage Inc (KGKG) revenue grew by 79.2% year-over-year, from $2.5M to $4.4M in fiscal year 2022.
Is Kona Gold Beverage Inc profitable?
No, Kona Gold Beverage Inc (KGKG) reported a net income of -$7.3M in fiscal year 2022, with a net profit margin of -164.6%.
What is Kona Gold Beverage Inc's EBITDA?
Kona Gold Beverage Inc (KGKG) had EBITDA of -$3.1M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
What is Kona Gold Beverage Inc's gross margin?
Kona Gold Beverage Inc (KGKG) had a gross margin of 22.3% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Kona Gold Beverage Inc's operating margin?
Kona Gold Beverage Inc (KGKG) had an operating margin of -71.0% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Kona Gold Beverage Inc's net profit margin?
Kona Gold Beverage Inc (KGKG) had a net profit margin of -164.6% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Kona Gold Beverage Inc's free cash flow?
Kona Gold Beverage Inc (KGKG) generated -$2.5M in free cash flow during fiscal year 2022. This represents a 13.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Kona Gold Beverage Inc's operating cash flow?
Kona Gold Beverage Inc (KGKG) generated -$2.5M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Kona Gold Beverage Inc's total assets?
Kona Gold Beverage Inc (KGKG) had $2.2M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Kona Gold Beverage Inc's capital expenditures?
Kona Gold Beverage Inc (KGKG) invested $44K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
What is Kona Gold Beverage Inc's current ratio?
Kona Gold Beverage Inc (KGKG) had a current ratio of 0.19 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Kona Gold Beverage Inc's debt-to-equity ratio?
Kona Gold Beverage Inc (KGKG) had a debt-to-equity ratio of -1.59 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kona Gold Beverage Inc's return on assets (ROA)?
Kona Gold Beverage Inc (KGKG) had a return on assets of -330.1% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Kona Gold Beverage Inc's cash runway?
Based on fiscal year 2022 data, Kona Gold Beverage Inc (KGKG) had $40K in cash against an annual operating cash burn of $2.5M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Kona Gold Beverage Inc's debt-to-equity ratio negative or unusual?
Kona Gold Beverage Inc (KGKG) has negative shareholder equity of -$3.8M as of fiscal year 2022, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Kona Gold Beverage Inc's Piotroski F-Score?
Kona Gold Beverage Inc (KGKG) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kona Gold Beverage Inc's earnings high quality?
Kona Gold Beverage Inc (KGKG) has an earnings quality ratio of 0.34x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Kona Gold Beverage Inc cover its interest payments?
Kona Gold Beverage Inc (KGKG) has an interest coverage ratio of -3.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Kona Gold Beverage Inc?
Kona Gold Beverage Inc (KGKG) scores 25 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.