PwrCor, Inc.
0.0130+0.00 (+35.4%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · PWCO · USD
Key Stats
Market Cap
2.77MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2021 results
PwrCor's Q3 revenue fell 78% y/y to $7,244 from $33,050, while nine-month revenue dropped 82% y/y to $33,744 from $188,390, hit hard by Covid-19 curbing hospital project activity. Expenses shrank more sharply, trimming the Q3 net loss to $27,983 from $25,202 y/y and nine-month loss to $96,485 from $91,851, with gross margins on project management improving to 46% YTD from 30% last year thanks to a leaner consultant mix. Cash climbed to $89,861 on a $121,800 SBA loan boost, funding $81,668 in operating cash use, while total debt stands at $200,000 under a 3.75% note maturing in 2050. One customer drives all revenue. No non-GAAP metrics disclosed in the 10-Q. Yet funding remains tight.
10-Q
Q2 FY2021 results
PwrCor's Q2 revenue from project management fell to $16.6K, down 60% y/y from $41.6K, while six-month totals dropped 83% y/y to $26.5K amid COVID disruptions to hospital clients. Yet expenses plunged 52% y/y to $39.3K in the quarter, trimming the net loss to $22.7K from $40.7K. Gross margins on project management improved to 52% for the half-year from 36% last year, thanks to a leaner consultant mix. Cash dwindled to $33.7K by quarter-end, with operating cash use easing to $16K for six months versus $21.7K prior. The $78.2K SBA EIDL loan at 3.75% matures in 2050, later extended to $200K total. No capex meant free cash flow matched operating cash. Customer concentration lingers as a risk, with two clients driving 100% of revenue.
10-Q
Q1 FY2021 results
PwrCor's Q1 2021 revenue plunged 91% y/y to $9,875 from $113,770, hit hard by Covid-19 curbing hospital client activity, while expenses dropped 60% to $55,654, yielding a net loss of $45,779 versus $25,906 last year. Gross margin on project management slipped to 20% from 29%, with one customer driving all revenue and receivables. Cash dipped q/q to $41,600 after $8,129 operating outflow, but that's better than the prior year's $56,368 burn; the $78,200 SBA EIDL loan at 3.75% matures in 2050 with no current payments due. No capex means free cash flow matches operating cash. Stockholders' deficit widened to $522,589. Revenue hinges on hospital recoveries.
10-K
FY2020 results
PwrCor's FY2020 revenue plunged 75% y/y to $189,965 from $757,639, hammered by COVID-19 disruptions to hospital projects, with all income from one client in project management and zero from heat conversion tech. Yet the net loss narrowed sharply to $112,056 from $449,421, thanks to slashed operating expenses—down 75% to $302,021—via curbed consulting and R&D outlays. Margins on project management swelled to 38% from 20%, signaling tighter cost controls amid the chaos. Cash dwindled to $49,729, offset by an $78,200 SBA loan, while a $499,557 working capital deficit underscores funding woes. No outlook disclosed. Customer concentration risks could stall quarterly recovery.
10-Q
Q3 FY2020 results
PwrCor's Q3 2020 revenue fell 85% y/y to $33K from project management, hit hard by Covid-19 curbing hospital client activity, while nine-month revenue dropped 68% y/y to $188K. Expenses plunged 83% y/y to $58K, trimming the net loss to $25K from $131K. Gross margin on project management improved to 30% for the nine months from 21% y/y, thanks to a leaner consultant mix. Cash dwindled to $74K from $127K year-start, with operating cash use easing to $131K from $252K; a $78K SBA EIDL loan at 3.75% maturing 2050 bolsters liquidity for working capital. One customer drove all revenue. Hospitals may delay projects longer amid the pandemic.
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