Forcendra Holding Ltd (FCDH)
VS MEDIA Holdings Ltd. engages in the management of a global network of digital creators who create and publish content to social media platforms. It operates through the following segments: Marketing Services, Social Commerce, and Other. The Marketing Services segment is involved in providing affiliate marketing, product placement, and brand sponsorship deals for creators to promote brand's messages; and creating and publishing content on social media platforms. The Social Commerce segment resells brand's products to creators. The company was founded by Nga Fan Wong in 2013 and is headquartered in Hong Kong.
Sector: Services-Advertising Agencies
Industry: Advertising Agencies
Forcendra Holding Limited
NASDAQ:FCDHCommunication Services · Advertising Agencies
PrePre-market-2.96%$0.6514
Close$0.6713-2.72%
Mkt Cap$3.07M
Float2.57M
O/S4.56M
Vol
$ Vol
RVOL
Inst Own-
SI3.5%
Earnings
Dilution
Financials Summary
Revenue$7.52M
Net Income-$8.61M
Total Assets$9.33M
Free Cash Flow-$3.53M
Debt & Equity
Debt 41%
Equity 59%
Total Debt$2.87M
Total Equity$4.14M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:20
Nasdaq bars a compliance period at 1:250
- 1:20Reverse splitJan 12, 202620 shares → 1
- 1:7Reverse splitJun 18, 20247 shares → 1
Balance Sheet Details
Assets$9.33M
Liabilities$5.2M
Accounts Receivable$6.22M
Accounts Payable$1.13M
Inventory$0
PP&E (Net)$231K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $7.52M | $8.25M | $7.99M | $9.03M | $1.41M | $9.11M |
| YoY Growth | -8.8% | 3.2% | -11.5% | 541.2% | -84.5% | - |
| Cost of Revenue | $5.74M | $6.55M | $6.35M | $6.74M | $8.66M | $6.58M |
| Gross Profit | $1.78M | $1.69M | $1.64M | $2.28M | $2.28M | $2.53M |
| Gross Margin | 23.7% | 20.5% | 20.5% | 25.3% | 162.1% | 27.8% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $8.21M | $8.6M | $8.05M | $3.93M | $2.49M | $2.83M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $8.21M | $8.6M | $8.05M | $3.93M | $2.49M | $2.83M |
| Operating Income (EBIT) | -$6.43M | -$6.9M | -$6.41M | -$1.64M | -$71K | -$297K |
| Operating Margin | -85.4% | -83.7% | -80.3% | -18.2% | -5.0% | -3.3% |
| Interest Expense | $163K | $410K | $291K | $207K | $194K | $176K |
| Interest Income | $181K | $7K | $8K | $0 | $0 | $0 |
| Other Income (Expense) | -$2.19M | -$388K | -$180K | -$163K | -$141K | $35K |
| Income Before Tax (EBT) | -$8.61M | -$7.29M | -$6.59M | -$1.81M | -$211K | -$262K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$8.61M | -$7.29M | -$6.59M | $3.53M | -$233K | -$262K |
| Net Income Margin | -114.5% | -88.4% | -82.5% | 39.0% | -16.5% | -2.9% |
| Supplementary Data | ||||||
| EPS | -0.40 | -2.40 | -46.20 | 3.60 | -0.21 | -0.23 |
| Diluted EPS | -0.40 | -2.40 | -46.20 | 3.60 | -0.21 | -0.23 |
| Weighted Average OS | 2.75M | 399,670 | 142,858 | 1.00M | 1.15M | 1.15M |
| EBITDA | -$8.42M | -$6.85M | -$6.29M | -$1.57M | $74K | $980 |
| EBITDA Margin | -111.9% | -83.1% | -78.7% | -17.4% | 5.2% | 0.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $976K | $775K | $1.5M | $821K | $786K | $854K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $976K | $775K | $1.5M | $821K | $786K | $854K |
| Accounts Receivable | $6.22M | $3.99M | $8.49M | $6.47M | $2.79M | $2.51M |
| Inventory | $0 | $0 | $0 | -$165K | $9K | $77K |
| Other Current Assets | $196K | $0 | $0 | $165K | $5K | $0 |
| Total Current Assets | $7.39M | $4.76M | $9.99M | $7.29M | $5.72M | $3.44M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $231K | $273K | $54K | $128K | $221K | $21K |
| Goodwill | $0 | $1.12M | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $927K | $37K | $173K | $78K | $99K |
| Long-Term Investments | $1.71M | $100K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $3.21M | $5.39M |
| Total Long-Term Assets | $1.94M | $2.42M | $91K | $301K | $3.51M | $5.52M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $9.33M | $7.18M | $10.08M | $7.59M | $9.23M | $8.95M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $1.13M | $1.27M | $1.84M | $1.04M | $1.32M | $1.27M |
| Short-Term Debt | $2.66M | $2.95M | $3.32M | $2.86M | $3.99M | $3.22M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $72K | $12K | $139K | $59K | $52K | $717K |
| Other Current Liabilities | $0 | $80K | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $5.04M | $5.7M | $5.68M | $5.31M | $6.55M | $5.98M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $0 | $0 | $208K | $633K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $156K | $205K | $208K | $667K | $111K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.2M | $5.9M | $5.89M | $5.97M | $6.66M | $5.98M |
| Stockholders' Equity | ||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $8.05M | $8.05M | $8.05M | $20 | $20 | $20 |
| Retained Earnings | -$37.11M | -$28.5M | -$21.21M | -$14.61M | -$13M | -$12.65M |
| Comprehensive Income & Other | $79K | $141K | $36K | $19K | -$147K | -$94K |
| Other Stockholders' Equity | $33.2M | $21.73M | $17.35M | $16.23M | $15.57M | $15.62M |
| Total Equity | $4.14M | $1.28M | $4.19M | $1.62M | $2.57M | $2.98M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $9.33M | $7.18M | $10.08M | $7.59M | $9.23M | $8.95M |
| Supplementary Data | ||||||
| Total Debt | $2.87M | $3.21M | $3.56M | $3.59M | $4.17M | $3.24M |
| Net Debt | $1.9M | $2.43M | $2.06M | $2.77M | $3.39M | $2.38M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$8.61M | -$7.29M | -$6.59M | -$1.82M | -$352K | -$262K |
| Depreciation & Amortization | $30K | $4K | $12K | $28K | $76K | $87K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $479K | $946K | $862K | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $613K | $748K | -$214K | $479K | -$296K | -$759K |
| Inventory | $0 | $0 | $0 | $9K | $65K | -$88K |
| Accounts Payable | -$141K | -$825K | $801K | -$247K | $47K | -$157K |
| Other Working Capital | $426K | $2.64M | -$2.2M | -$745K | -$1.09M | $481K |
| Total Working Capital Change | $897K | $2.57M | -$1.61M | -$505K | -$1.28M | -$523K |
| Other Non-Cash Items | $3.69M | $2.29M | $85K | $249K | $62K | $39K |
| Net Cash from Operating | -$3.51M | -$1.49M | -$7.25M | -$2.05M | -$1.49M | -$659K |
| Investing Activities | ||||||
| Capital Expenditures | -$16K | -$5K | -$3K | $0 | -$41K | -$103K |
| Acquisitions | $0 | $33K | $0 | $2.17M | $0 | $0 |
| Purchases of Investments | $0 | -$100K | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$5.17M | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$5.19M | -$72K | -$3K | $2.17M | -$41K | -$103K |
| Financing Activities | ||||||
| Debt Repaid | $322K | $318K | - | -$629K | - | - |
| Common Stock Issuance | $9.18M | $1M | $8.05M | $500K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $243K | $208K | $5K | $7K | $677K | $4K |
| Net Cash from Financing | $9.06M | $971K | $7.66M | -$373K | $1.49M | $1.08M |
| Forex Effect | -$58K | -$137K | $267K | $281K | -$30K | -$107K |
| Net Change in Cash | $301K | -$725K | $680K | $35K | -$68K | $212K |
| Supplementary Data | ||||||
| Operating Cash Flow | -$3.51M | -$1.49M | -$7.25M | -$2.05M | -$1.49M | -$659K |
| Capital Expenditure | -$16K | -$5K | -$3K | -$1 | -$41K | -$103K |
| Free Cash Flow | -$3.53M | -$1.49M | -$7.25M | -$2.05M | -$1.53M | -$762K |
| Cash at Beginning | $775K | $1.5M | $821K | $786K | $854K | $641K |
| Cash at End | $1.08M | $775K | $1.5M | $821K | $786K | $854K |