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FULLNET COMMUNICATIONS INC

CIK: 1092570 SIC: 4813
-
Revenue
$532.14K
Net Income
-
Gross Margin
-
Op. Margin
$1.40M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 10 of 12 annual reports available (2011 - 2023)
Breakdown TTM
(Dec 31, 2023)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
+ Total Revenue - $4.19M $4.27M $4.14M $3.50M - - $1.89M $1.95M $1.88M $1.75M
Revenue Growth % nan% -1.8% 3.2% 18.1% nan% nan% nan% -3.0% 3.7% 7.1% nan%
Cost of Revenue - - - - - - - - $78.00K $87.93K $99.00K
+ Gross Profit $3.14M $3.14M $3.36M $3.39M $3.00M - - - - - -
Gross Margin % nan% 74.9% 78.7% 82.1% 85.7% nan% nan% nan% nan% nan% nan%
Operating Expenses $2.63M $2.63M $2.53M $2.22M $2.77M $2.22M $2.09M $1.81M $1.72M - -
Selling General & Admin - - - - - - - - $1.56M $1.49M $1.39M
+ Operating Income $512.17K $512.17K $830.15K $1.17M $730.13K $202.08K $-14.77K $78.93K $9.27K $-38.27K $-152.00K
Operating Margin % nan% 12.2% 19.4% 28.4% 20.8% nan% nan% 4.2% 0.5% -2.0% -8.7%
Interest Expense - - - - - $277.00 $1.85K $2.16K $-15.23K $-15.77K $-15.74K
Interest Income - - - - - - $-1.85K $-2.16K $-2.45K - -
Income Before Tax $659.83K $659.83K $902.76K $1.19M $733.29K $317.29K - - - - -
Income Tax Expense $127.69K $127.69K $230.52K $300.84K $-339.20K - - - - - -
+ Net Income $532.14K $532.14K $672.24K $892.98K $1.07M $317.29K $267.08K $-26.79K $-5.96K $-54.04K $-167.74K
Net Margin % nan% 12.7% 15.7% 21.6% 30.6% nan% nan% -1.4% -0.3% -2.9% -9.6%
Basic EPS nan nan nan nan nan 0.02 0.01 nan nan nan -0.03
Diluted EPS nan nan nan nan nan 0.01 0.01 nan nan nan -0.03
Basic Shares Outstanding 34K 19.5M 18.4M 16.7M 14.9M 14.3M 12.3M 11.9M 9.3M - 9.1M
Diluted Shares Outstanding 33K 19.6M 18.9M 19.2M 17.5M 16.8M 15.3M 14.9M 10.9M - 9.1M
Breakdown FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
Cash & Cash Equivalents $3.13M $2.75M $2.66M $1.41M $611.15K $245.46K $29.40K $20.39K $16.01K $14.61K
Accounts Receivable $823.00 $1.58K $30.11K $30.75K $943.00 $5.03K $8.85K $6.61K $6.31K $12.39K
Other Current Assets - - - - - - - $3.06K $2.50K $9.38K
Total Current Assets $3.17M $2.79M $2.71M $1.46M $632.08K $281.34K $44.36K $30.06K $24.82K $36.38K
Property Plant & Equipment $70.58K $87.17K $58.60K $62.97K $57.75K $51.27K $39.45K $77.15K $96.39K $109.29K
Goodwill $19.91K $18.25K $20.64K $26.16K $18.25K $12.98K $21.81K $30.86K - -
Other Non-current Assets - - - - - - - $30.86K $7.06K $8.66K
Total Assets $3.40M $3.18M $3.23M $2.40M $1.33M $346.36K $134.97K $138.08K $128.28K $154.33K
Accounts Payable $13.67K $19.00K $53.15K $50.20K $6.87K $18.43K $37.37K $135.35K $201.54K $214.92K
Accrued Liabilities $524.31K $475.47K $514.16K $557.13K $467.68K $534.17K $610.11K $548.96K - -
Deferred Revenue - - - - - - - $369.25K $355.55K $354.97K
Other Current Liabilities $1.10M $1.00M $905.50K $777.03K $508.86K $442.77K $397.93K $369.25K - -
Total Current Liabilities $1.78M $1.63M $1.60M $1.50M $1.09M $1.01M $1.06M $1.13M $1.15M $1.10M
Total Liabilities $1.78M $1.77M $1.87M $1.90M $1.65M $1.08M $1.28M $1.27M $1.32M $1.30M
Common Stock $196.00 $192.00 $171.00 $165.00 $145.00 $136.00 $119.00 $119.00 - -
Retained Earnings - - - - - - - $-10.38M $-10.37M $-10.32M
Total Stockholders Equity $1.62M $1.40M $1.35M $502.26K $-326.49K $-733.26K $-1.15M $-1.13M $-1.19M $-1.15M
Total Liabilities & Equity $3.40M $3.18M $3.23M $2.40M $1.33M $346.36K $134.97K $138.08K $128.28K $154.33K
Breakdown TTM
(Dec 31, 2023)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
FY 2021
(Dec 31, 2021)
FY 2020
(Dec 31, 2020)
FY 2019
(Dec 31, 2019)
FY 2018
(Dec 31, 2018)
FY 2017
(Dec 31, 2017)
FY 2016
(Dec 31, 2016)
FY 2015
(Dec 31, 2015)
FY 2014
(Dec 31, 2014)
Net Income $532.14K $532.14K $672.24K $892.98K $1.07M $317.29K $267.08K $-26.79K $-5.96K $-54.04K $-167.74K
Depreciation & Amortization $29.55K $16.60K $15.74K $10.21K $8.97K $15.79K $16.84K $17.78K $18.38K $32.88K $40.16K
Change in Receivables $6.64K $467.00 $-29.03K $380.00 $31.09K $-5.60K $-8.54K $2.72K $-7.94K $6.74K $10.82K
Change in Payables - - - - - - - - $-68.25K $-13.38K $51.31K
Operating Cash Flow $1.40M $690.29K $774.36K $1.42M $988.10K $427.77K $186.65K $141.84K $53.06K $50.81K $78.05K
Capital Expenditure - - $49.52K $5.85K $14.19K $14.54K $7.47K $1.47K $-6.60K $18.38K $-62.19K
Investing Cash Flow - - $-49.52K $-5.85K $-14.19K $-14.54K $-7.47K $-1.47K $-17.10K $-18.38K $-64.19K
Dividends Paid - $257.07K $652.59K - - - - - - - -
Financing Cash Flow $-623.06K $-313.51K $-626.41K $-166.01K $-178.00K $-46.15K $-5.35K $-5.04K $-31.58K $-31.04K $-29.32K
Net Change in Cash $771.98K $376.78K $98.44K $1.25M $795.91K $365.69K $216.06K $10.02K $4.38K $1.40K $-15.46K
SEC Filing Format - Data shown as it appears in the Q3 2023 (10-Q) filing Period ended: Sep 30, 2023
Condensed Consolidated Statements of Operations
Description Sep 30, 2023 Sep 30, 2023
Current Prior Year Current YTD Prior Year YTD
Gross Profit $766.38K $823.21K $2.37M $2.56M
Operating Expenses $649.56K $583.83K $1.90M $1.84M
Operating Income $116.82K $239.38K $470.26K $721.63K
Income Before Tax $154.98K $252.10K $578.35K $738.65K
Income Tax Expense $39.78K $64.14K $147.59K $188.31K
Net Income $115.20K $187.96K $430.76K $550.33K
Basic EPS 0.01 0.01 0.02 0.03
Diluted EPS 0.01 0.01 0.02 0.03
Basic Shares Outstanding $19.57M $19.18M $19.43M $18.14M
Diluted Shares Outstanding $19.74M $19.71M $19.61M $18.67M
Condensed Consolidated Balance Sheets
Description Sep 30, 2023 Dec 31, 2022
Cash & Cash Equivalents $3.08M $2.75M
Accounts Receivable $956.00 $1.58K
Total Current Assets $3.10M $2.79M
Property Plant & Equipment $74.60K $87.17K
Goodwill $20.24K $18.25K
Total Assets $3.38M $3.18M
Accounts Payable $15.13K $19.00K
Accrued Liabilities $438.17K $413.65K
Other Current Liabilities $1.09M $1.00M
Total Current Liabilities $1.69M $1.63M
Total Liabilities $1.73M $1.77M
Common Stock $196.00 $192.00
Total Stockholders Equity $1.65M $1.40M
Total Liabilities & Equity $3.38M $3.18M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2023 Sep 30, 2023
Current Prior Year Current YTD Prior Year YTD
Net Income $115.20K $187.96K $430.76K $550.33K
Depreciation & Amortization $4.03K $4.40K $12.57K $11.30K
Stock-based Compensation - - $6.24K $9.04K
Change in Receivables - - $562.00 $-29.31K
Operating Cash Flow - - $571.58K $747.90K
Capital Expenditure - - - $47.89K
Investing Cash Flow - - - $-47.89K
Financing Cash Flow - - $-248.95K $-618.83K
Net Change in Cash - - $322.63K $81.19K

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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