ABVE (ABVE)
Above Food Ingredients Inc. Common Stock
NASDAQ:ABVEConsumer Defensive · Packaged Foods
Mkt Cap-
Float27.04M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$262.63M
Net Income-$38M
Total Assets$102.57M
Free Cash Flow$2.49M
Debt & Equity
Debt 165%
Total Debt$83.76M
Total Equity-$32.97M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ABVE's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$102.57M
Liabilities$135.54M
Accounts Receivable$17.61M
Accounts Payable$37.85M
Inventory$18.54M
PP&E (Net)$46.72M
Goodwill$621K
Intangible Assets$1.75M
Income Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 |
| Revenue | $262.63M | $282.62M | $141.75M | $0 |
| YoY Growth | -7.1% | 99.4% | - | - |
| Cost of Revenue | $266.83M | $283.53M | $136.11M | $0 |
| Gross Profit | -$4.2M | -$912K | $5.64M | $0 |
| Gross Margin | -1.6% | -0.3% | 4.0% | - |
| Research and Development | $123K | $307K | $168K | $0 |
| Selling, General, and Administrative | $21.63M | $19.7M | $7.72M | $730 |
| Other | $4.05M | $7.37M | $615K | $0 |
| Total Operating Expenses | $25.81M | $27.38M | $8.5M | $730 |
| Operating Income (EBIT) | -$30.01M | -$28.29M | -$2.86M | -$728 |
| Operating Margin | -11.4% | -10.0% | -2.0% | - |
| Interest Expense | $5.47M | $3.83M | $1.49M | $0 |
| Interest Income | $175K | $211K | $59K | $0 |
| Other Income (Expense) | -$5.29M | -$3.79M | -$1.32M | $0 |
| Income Before Tax (EBT) | -$35.3M | -$32.08M | -$4.19M | -$730 |
| Income Tax Expense | $2.7M | $341K | -$68K | $0 |
| Net Income | -$38M | -$32.42M | -$4.12M | -$730 |
| Net Income Margin | -14.5% | -11.5% | -2.9% | - |
| Supplementary Data | ||||
| EPS | -6.21 | -1.76 | -0.22 | 0.00 |
| Diluted EPS | -6.21 | -1.76 | -0.22 | 0.00 |
| Weighted Average OS | 8.59M | 24.89M | 25.61M | 22.46M |
| EBITDA | -$27.26M | -$25.97M | -$1.73M | -$728 |
| EBITDA Margin | -10.4% | -9.2% | -1.2% | - |
Balance Sheet
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $679K | $1.66M | $64K | $30K |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $675 | $1.66M | $64K | $30K |
| Accounts Receivable | $17.61M | $25.45M | $19.37M | $0 |
| Inventory | $18.54M | $34.16M | $35.92M | $0 |
| Other Current Assets | $11.76M | -$62.58M | -$55.38M | $0 |
| Total Current Assets | $48.78M | $89K | $356K | $30K |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $46.72M | $46.02M | $39.88M | $0 |
| Goodwill | $621K | $0 | $1.81M | $0 |
| Intangible Assets | $1.75M | $2.09M | $401K | $0 |
| Long-Term Investments | $4.19M | $21.59M | $142.58M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $507K | -$48.11M | -$42.09M | $161K |
| Total Long-Term Assets | $53.78M | $21.59M | $142.58M | $161K |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $102.57M | $21.68M | $142.93M | $191K |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $37.85M | $33.79M | $24.83M | $0 |
| Short-Term Debt | $56.38M | $54.54M | $33.54M | $59K |
| Current Income Tax Payable | $0 | $304K | $0 | $0 |
| Current Unearned Revenue | $6.19M | $1.9M | $420K | $0 |
| Other Current Liabilities | $3.28M | -$96.81M | $6.31M | $110K |
| Total Current Liabilities | $109.67M | $888K | $71.56M | $169K |
| Long-Term Liabilities | ||||
| Long-Term Debt | $133K | $412K | $738K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | -$25.65M | $0 |
| Long-Term Deferred Tax Liabilities | $176K | $0 | $56K | $0 |
| Other Long-Term Liabilities | $0 | $0 | $132K | $0 |
| Total Long-Term Liabilities | $25.87M | $26.45M | $132K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $135.54M | $936K | $465K | $169K |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $557 | $552 | $515 | $458 |
| Retained Earnings | -$74.05M | -$36.05M | -$3.62M | -$730 |
| Comprehensive Income & Other | $120K | $34K | $0 | $0 |
| Other Stockholders' Equity | $41.07M | $56.79M | $26.57M | $22K |
| Total Equity | -$32.97M | $20.75M | $22.94M | $22K |
| Minority Interest | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $102.57M | $21.68M | $23.41M | $191K |
| Supplementary Data | ||||
| Total Debt | $83.76M | $82.41M | $60.34M | $59K |
| Net Debt | $83.08M | $80.75M | $60.28M | $29K |
Cash Flow Statement
| Period | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2024-01-31 | 2023-01-31 | 2022-01-31 | 2021-01-31 |
| Operating Activities | ||||
| Net Income | -$38M | -$32.42M | -$4.12M | -$730 |
| Depreciation & Amortization | $2.57M | $2.11M | $974K | $0 |
| Deferred Income Tax | $0 | -$56K | -$68K | $0 |
| Stock-Based Compensation | $2.2M | $4.93M | $0 | $0 |
| Changes in Working Capital: | ||||
| Accounts Receivable | $6.99M | -$6.17M | -$6.92M | $0 |
| Inventory | $15.62M | $3.95M | -$18.53M | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 |
| Other Working Capital | $8.93M | $8.68M | $8.36M | $420 |
| Total Working Capital Change | $31.54M | $6.47M | -$17.09M | $420 |
| Other Non-Cash Items | $6.78M | $18.28M | $19.63M | $0 |
| Net Cash from Operating | $5.1M | -$698K | -$673K | -$310 |
| Investing Activities | ||||
| Capital Expenditures | -$2.6M | -$1.7M | -$15.78M | $0 |
| Acquisitions | -$1.13M | -$4.66M | -$2.87M | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 |
| Other Investing Activities | $516K | $129.07M | -$123.92M | $0 |
| Net Cash from Investing | -$3.22M | $122.71M | -$142.57M | $0 |
| Financing Activities | ||||
| Debt Repaid | -$2.21M | -$11.97M | $1.02M | - |
| Common Stock Issuance | -$898K | -$122.43M | $143K | $23K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$1.54M | -$138.91M | $122.78M | $30K |
| Net Cash from Financing | -$2.86M | -$122.02M | $143.28M | $30K |
| Forex Effect | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$981K | -$2K | $40K | $30K |
| Supplementary Data | ||||
| Operating Cash Flow | $5.1M | -$698K | -$673K | -$310 |
| Capital Expenditure | -$2.6M | -$1.94M | -$15.78M | $0 |
| Free Cash Flow | $2.49M | -$2.63M | -$16.45M | -$310 |
| Cash at Beginning | $1.66M | $64K | $23K | $0 |
| Cash at End | $679K | $62K | $64K | $30K |