ECOX
Eco Innovation Group, Inc.0.0003
-0.0003-50%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
328.88KP/E (TTM)
-Basic EPS (TTM)
-0.21Dividend Yield
0%Recent Filings
8-K
Stock authorization expanded
Eco Innovation Group boosted its authorized common stock to 10 billion shares from 6 billion, effective January 24, 2023, after shareholder approval. It also amended its 2022 Stock Incentive Plan, raising the share reserve to 250 million from 75 million. This expansion equips the company to attract talent and fund growth through equity. Yet dilution looms for existing holders.
10-Q
Q3 FY2022 results
Eco Innovation Group swung to a $326K net income in Q3 2022, fueled by $191K revenue from its new green construction units in the US and Canada—up from zero a year ago—while gross margins hit 30.3%. Yet operating losses narrowed to $246K from $447K y/y, thanks to lower consulting fees, though YTD revenue of $619K barely covered costs for a slim $54K gross profit amid $936K expenses. Cash dipped to $15K, with $4.3M liabilities dwarfing assets, but financing inflows of $520K kept operations afloat; free cash flow not disclosed in the 10-Q. The Spruce acquisition added $103K goodwill and trucks, but delayed payments triggered a $104K note extension. Late SEC filings sparked defaults on key notes, hiking risks from debt covenants.
8-K
Q2 revenues up 167%
Eco Innovation Group reported Q2 revenues surging 167% sequentially to $311,156, flipping gross profit positive amid resilient operations despite inflation and supply chain woes. The construction division fueled this top- and bottom-line growth, while Spruce Construction secured green infrastructure licensing and the Advanced GET system gained full patent protection. Revenues doubled from Q1. Management eyes commercial launches, but macro headwinds persist.
10-Q
Q2 FY2022 results
Eco Innovation Group kicked off revenue in Q2 2022 with $311K from green construction projects, up from zero last year, though costs edged higher to yield a slim $22K gross profit—yet YTD through June 30, 2022, the $428K topline flipped to a $4K gross loss (derived). Operating losses narrowed to $353K quarterly from $274K prior, but YTD widened to $636K amid consulting and admin spikes; net swung to $1.95M profit on a $2.9M derivative gain, while YTD net loss hit $2.56M, with the $1.3M operating-net gap tied to interest, impairments, and share payables per notes. Cash dipped to $22K, free cash flow not disclosed in the 10-Q, but financing inflows of $488K covered $498K operating burn; total debt stood at $477K net convertibles, all current. The October 2021 Spruce asset buy closed for $148K (cash/stock mix), recognizing $103K goodwill and no finite intangibles detailed. Spruce's Canadian ops now drive over 10% of revenue. Still, funding droughts loom large.
8-K
$10M credit line secured
Eco Innovation Group secured a $10 million line of credit on June 21, 2022, to retire dilutive variable-rate financing and fund development of its patented supercritical glycerin extraction technology. This replaces costlier debt, offering better terms and reduced dilution risk amid market challenges. The funding advances prototype commercialization. It positions the company to seize distressed innovation opportunities.
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