A Business at a Glance
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Nano Magic Inc.
NMGX
$335K
Mkt Cap
$0.03
+0.00%
Nano Magic Inc. (NMGX) has a 5-year average return on invested capital (ROIC) of -88.6%. This is below average and may indicate limited pricing power.
Nano Magic Inc. (NMGX) has a market capitalization of $422K. It is classified as a small-cap stock.
Nano Magic Inc. (NMGX) does not currently pay a regular dividend.
Nano Magic Inc. (NMGX) operates in the Coating, Engraving & Allied Services industry, within the Industrials sector.
Nano Magic Inc. (NMGX) reported annual revenue of $3 million in its most recent fiscal year, based on SEC EDGAR filings.
Nano Magic Inc. (NMGX) has a net profit margin of -102.6%. The company is currently unprofitable.
Nano Magic Inc. (NMGX) generated $-2 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Item 1. Business Nano Magic Inc., a Delaware corporation (“we”, “us”, “our”, “Nano Magic” or the “Company”), formerly Nano Magic Holdings Inc., develops, commercializes and markets nanotechnology powered consumer and industrial cleaners and coatings to clean, protect, and enhance products for peak performance. Consumer products include lens and screen cleaners and coatings, anti-fog solutions, and household and automotive cleaners and protective coatings sold direct-to-consumer and in big box retail. Nano Magic also sells branded and private label cleaners and coatings into the optical, safety, and industrial channels. Our focus is to expand our direct-to-consumer sales through e-commerce and to grow sales to big box retailers. We continue to sell our consumer products directly to opticians and ophthalmologists and small optical retailers. Effective May 31, 2022, we sold a 70% interest in our subsidiary, Applied Nanotech, Inc. (“ANI”).
| Metric | TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue | 2.6M | 2.8M | 2.6M | 4.3M | 4.8M | 2.4M |
| Net Income | -3.8M | -2.9M | -2.1M | -1.6M | -781K | -965K |
| EPS | $-0.28 | $-0.25 | $-0.21 | $-0.17 | $-0.10 | $-0.21 |
| Free Cash Flow | -2.1M | -1.5M | -1.7M | -1.5M | -2.1M | -890K |
| ROIC | -131.0% | -136.0% | -103.0% | -79.6% | -46.4% | -78.1% |
| Gross Margin | 2.0% | 13.1% | 3.7% | 38.5% | 34.8% | 13.3% |
| Debt/Equity | 0.00 | 0.66 | 0.75 | 0.61 | 1.18 | -1.11 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | - | - | - |
| Operating Income | -3.8M | -2.8M | -3.4M | -1.6M | -793K | -1.0M |
| Operating Margin | -149.0% | -102.1% | -130.1% | -37.8% | -16.7% | -42.3% |
| ROE | 0.0% | -195.1% | -119.0% | -95.0% | -164.3% | 150.3% |
| Shares Outstanding | 14M | 11M | 10M | 9M | 8M | 5M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 3.6M | 9.1M | 10.0M | 9.7M | 8.1M | 7.9M | 4.5M | 2.4M | 4.8M | 4.3M | 2.6M | 2.8M | 2.6M |
| Gross Margin | N/A | 37.8% | 43.2% | 34.5% | 34.6% | 28.8% | 23.3% | 13.3% | 34.8% | 38.5% | 3.7% | 13.1% | 2.0% |
| R&D | 4.5M | 878K | 607K | 744K | 290K | 286K | 61K | 69K | 57K | 35K | 17K | 47K | 76K |
| SG&A | 3.8M | 748K | 996K | 993K | 1.0M | 813K | 612K | 548K | 618K | 774K | 830K | 977K | 1.0M |
| EBIT | -4.7M | -180K | -2.3M | -1.8M | -747K | -720K | -40K | -1.0M | -793K | -1.6M | -3.4M | -2.8M | -3.8M |
| Op. Margin | -130.2% | -2.0% | -23.0% | -18.2% | -9.2% | -9.1% | -0.9% | -42.3% | -16.7% | -37.8% | -130.1% | -102.1% | -149.0% |
| Net Income | -5.1M | -187K | -2.4M | -1.9M | -556K | -687K | 22K | -965K | -781K | -1.6M | -2.1M | -2.9M | -3.8M |
| Net Margin | -142.7% | -2.1% | -23.8% | -19.3% | -6.9% | -8.7% | 0.5% | -39.6% | -16.4% | -36.5% | -81.5% | -102.6% | -150.0% |
| Non-Recurring | 0 | 0 | 1.9M | 188K | 48K | -15K | 268K | 160K | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | N/A | -7.4% | -120.3% | -38.9% | -26.7% | -33.0% | -2.1% | -78.1% | -46.4% | -79.6% | -103.0% | -136.0% | -131.0% |
| ROE | N/A | -8.8% | -146.8% | -395.1% | 130.8% | 82.1% | -2.3% | 150.3% | -164.3% | -95.0% | -119.0% | -195.1% | 0.0% |
| ROA | -168.5% | -6.6% | -56.4% | -46.7% | -17.4% | -27.6% | 1.2% | -66.1% | -25.6% | -35.4% | -51.3% | -75.1% | -167.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 3.6M | -214K | 548K | -804K | 444K | 439K | 156K | -879K | -2.0M | -1.4M | -1.7M | -1.5M | -2.1M |
| Free Cash Flow | 3.5M | -280K | 318K | -1.1M | 440K | 432K | 152K | -890K | -2.1M | -1.5M | -1.7M | -1.5M | -2.1M |
| Owner Earnings | 3.2M | -480K | 227K | -1.2M | 59K | 167K | 7K | -1.1M | -2.2M | -2.1M | -2.0M | -2.1M | -3.0M |
| CapEx | 50K | 66K | 230K | 248K | 4K | 6K | 4K | 11K | 143K | 127K | 5K | 9K | 17K |
| Maint. CapEx | 111K | 200K | 169K | 202K | 183K | 121K | 98K | 85K | 39K | 105K | 112K | 111K | 108K |
| Growth CapEx | 0 | 0 | 61K | 47K | 0 | 0 | 0 | 0 | 105K | 22K | 0 | 0 | 0 |
| D&A | 111K | 200K | 169K | 202K | 183K | 121K | 98K | 85K | 39K | 105K | 112K | 111K | 108K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | 2.5% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 3K | 0 | 0 | 2K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 247K | 66K | 151K | 241K | 202K | 150K | 51K | 186K | 199K | 592K | 207K | 405K | 765K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 151K | 2.3M | 285K | 198K | 1.2M | 799K | 1.2M | 269K | 1.3M | 964K | 955K | 341K | 8K |
| Cash & Equiv. | 1.5M | 100K | 465K | 263K | 189K | 138K | 211K | 217K | 288K | 198K | 259K | 527K | 39K |
| Long-Term Debt | 936K | 513K | 10K | 387K | 357K | 277K | 203K | 175K | 276K | 97K | 24K | 122K | 40K |
| Debt/Equity | N/A | 1.21 | 0.62 | -1.69 | -2.47 | -0.86 | -1.74 | -1.11 | 1.18 | 0.61 | 0.75 | 0.66 | 0.00 |
| Interest Coverage | -10.3 | -0.1 | -79.0 | -15.0 | -7.1 | -10.2 | -0.4 | -119.4 | -115.0 | -85.4 | -99.3 | -63.9 | -63.9 |
| Equity | N/A | 2.0M | 1.2M | -272K | -578K | -1.1M | -838K | -447K | 1.4M | 1.9M | 1.6M | 1.3M | -145K |
| Total Assets | 1.7M | 4.0M | 4.4M | 3.6M | 2.8M | 2.2M | 1.6M | 1.3M | 4.8M | 4.1M | 4.1M | 3.5M | 2.3M |
| Total Liabilities | N/A | 2.0M | 3.2M | 3.9M | 3.4M | 3.3M | 2.4M | 1.8M | 3.4M | 2.2M | 2.5M | 2.2M | 2.4M |
| Intangibles | N/A | N/A | 239K | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -118M | -1.1M | -3.5M | -5.3M | -5.9M | -6.6M | -6.7M | -7.7M | -8.5M | -10M | -12M | -15M | -18M |
| Working Capital | -1.2M | 1.9M | 87K | -890K | -1.1M | -1.3M | -1.0M | -673K | 634K | 1.0M | 524K | 455K | -890K |
| Current Assets | 1.4M | 3.2M | 3.3M | 2.7M | 2.0M | 1.8M | 1.3M | 835K | 2.7M | 2.2M | 1.9M | 1.7M | 1.0M |
| Current Liabilities | 2.6M | 1.3M | 3.2M | 3.5M | 3.1M | 3.1M | 2.3M | 1.5M | 2.0M | 1.2M | 1.4M | 1.2M | 1.9M |
| Per Share Data | |||||||||||||
| EPS | -1.44 | -0.05 | -38.88 | -22.68 | -6.48 | -7.92 | 0.36 | -0.21 | -0.10 | -0.17 | -0.21 | -0.25 | -0.28 |
| Owner EPS | 0.90 | -0.12 | 3.72 | -15.13 | 0.69 | 1.93 | 0.12 | -0.25 | -0.29 | -0.22 | -0.20 | -0.18 | -0.21 |
| Book Value | N/A | 0.49 | 19.99 | -3.30 | -6.74 | -12.63 | -13.66 | -0.10 | 0.18 | 0.21 | 0.16 | 0.11 | -0.01 |
| Cash Flow/Share | 1.00 | -0.05 | 8.98 | -9.76 | 5.18 | 5.06 | 2.54 | -0.19 | -0.26 | -0.15 | -0.17 | -0.13 | -0.26 |
| Dividends/Share | N/A | N/A | 0.00 | 0.00 | 0.00 | 0.00 | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.00 |
| Shares Out. | 3.6M | 4.1M | 0.1M | 0.1M | 0.1M | 0.1M | 0.1M | 4.6M | 7.8M | 9.3M | 10.0M | 11.4M | 14.4M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | 34.0 | N/A | N/A | N/A | N/A | N/A | -0.1 |
| P/FCF | 18.8 | N/A | N/A | N/A | N/A | N/A | 0.1 | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.9 | 0.2 | N/A | N/A | N/A |
| Price/Sales | 7.5 | 3.4 | N/A | N/A | N/A | N/A | 0.4 | 1.1 | 1.8 | 0.6 | N/A | N/A | 0.2 |
| FCF Yield | 26.6% | -6.2% | N/A | N/A | N/A | N/A | 20.3% | -32.0% | -39.2% | -324.8% | N/A | N/A | -504.7% |
| Market Cap | 13M | 4.6M | 0 | 0 | 0 | 0 | 750K | 2.8M | 5.5M | 463K | 0 | 0 | 422K |
| Avg. Price | 37.66 | 15.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.88 | 0.57 | 1.08 | 0.33 | 0.00 | 0.00 | 0.03 |
| Year-End Price | 18.54 | 5.22 | 0.00 | 0.00 | 0.00 | 0.00 | 0.34 | 0.61 | 0.70 | 0.05 | 0.00 | 0.00 | 0.03 |
Nano Magic Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 20.7%. At current prices, the estimated annualized return to fair value is -9.6%.
Nano Magic Inc. (NMGX) has a debt-to-equity ratio of 0.66. This indicates moderate leverage.
Nano Magic Inc. (NMGX) reported earnings per share (EPS) of $-0.25 in its most recent fiscal year.
Nano Magic Inc. (NMGX) has a return on equity (ROE) of -195.1%. A negative ROE may indicate losses or negative equity.
Nano Magic Inc. (NMGX) has a 5-year average gross margin of 20.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for Nano Magic Inc. (NMGX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Nano Magic Inc. (NMGX) has a book value per share of $0.11, based on its most recent annual SEC filing.