SFT - Shift Technologies, Inc.
NASDAQ
->
Consumer Cyclical
->
Internet Retail
San Francisco,
United States
Type: Equity
SFT price evolution
SFT
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Jan 2023 | 30 Sep 2022 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $31.14 | $66.69 | $106.79 | $44.09 |
| Short term investments | $1.26 | |||
| Net receivables | $3.94 | $4.39 | $4.56 | $15.36 |
| Inventory | $24.01 | $34.02 | $40.92 | $48.66 |
| Total current assets | $77.94 | $124.11 | $178.42 | $113.26 |
| Long term investments | $1.03 | $1.03 | $1.76 | $11.75 |
| Property, plant & equipment | $30.85 | $30.49 | $51.52 | $40.72 |
| Goodwill & intangible assets | $11.32 | $11.7 | $12.73 | $20.48 |
| Total noncurrent assets | $32.15 | $45.39 | $69.6 | $76.11 |
| Total investments | $1.03 | $1.03 | $3.03 | $11.75 |
| Total assets | $110.09 | $169.5 | $248.02 | $189.37 |
| Current liabilities | ||||
| Accounts payable | $8.42 | $14.28 | $12.09 | $10.26 |
| Deferred revenue | ||||
| Short long term debt | $33.86 | $45.86 | $49.4 | $48.2 |
| Total current liabilities | $58.81 | $83.28 | $95.36 | $88.64 |
| Long term debt | $181.98 | $192.62 | $167.35 | $194.72 |
| Total noncurrent liabilities | $182.03 | $192.69 | $212.45 | $196.34 |
| Total debt | $215.84 | $238.48 | $261.74 | $242.91 |
| Total liabilities | $240.84 | $275.96 | $307.8 | $284.98 |
| Shareholders' equity | ||||
| Retained earnings | -$686.63 | -$660.85 | -$612.75 | -$625.77 |
| Other shareholder equity | -$0 | |||
| Total shareholder equity | -$130.76 | -$106.47 | -$59.79 | -$95.61 |
| (in millions $) | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $106.79 | $182.62 | $233.94 | $0.41 |
| Short term investments | $1.26 | |||
| Net receivables | $4.56 | $20.08 | $8.43 | $1.84 |
| Inventory | $40.92 | $122.74 | $49.09 | $18.2 |
| Total current assets | $178.42 | $332.83 | $296.93 | $0.48 |
| Long term investments | $1.76 | $11.72 | $1.6 | $153.24 |
| Property, plant & equipment | $51.52 | $7.94 | $2.12 | $2.12 |
| Goodwill & intangible assets | $12.73 | $9.26 | $6.54 | |
| Total noncurrent assets | $69.6 | $32.91 | $15.17 | $153.24 |
| Total investments | $3.03 | $11.72 | $1.6 | $153.24 |
| Total assets | $248.02 | $365.74 | $312.09 | $153.72 |
| Current liabilities | ||||
| Accounts payable | $12.09 | $15.18 | $10.68 | $0.21 |
| Deferred revenue | ||||
| Short long term debt | $49.4 | $83.25 | $13.87 | |
| Total current liabilities | $95.36 | $142.37 | $46.83 | $0.71 |
| Long term debt | $167.35 | $144.34 | $25.23 | $8.51 |
| Total noncurrent liabilities | $212.45 | $148.1 | $28.08 | $6.42 |
| Total debt | $261.74 | $227.59 | $39.1 | |
| Total liabilities | $307.8 | $290.47 | $74.91 | $7.13 |
| Shareholders' equity | ||||
| Retained earnings | -$612.75 | -$440.71 | -$274.44 | $1.32 |
| Other shareholder equity | -$0 | |||
| Total shareholder equity | -$59.79 | $75.27 | $237.18 | $5 |
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $47.26 | $54.11 | $65.57 | $161.87 |
| Cost of revenue | $44.15 | $50.94 | $63.31 | $161.46 |
| Gross Profit | $3.11 | $3.16 | $2.26 | $0.41 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $22.64 | $42.59 | $41.92 | $49.8 |
| Total operating expenses | $25.91 | $47.92 | $62.95 | $73.41 |
| Operating income | -$22.8 | -$44.76 | -$60.69 | -$73 |
| Income from continuing operations | ||||
| EBIT | -$23.22 | -$45.25 | $15.99 | -$73 |
| Income tax expense | -$0.14 | $0.06 | $0.24 | $0.02 |
| Interest expense | $2.7 | $2.79 | $2.74 | $2.79 |
| Net income | ||||
| Net income | -$25.78 | -$48.1 | $13.02 | -$75.81 |
| Income (for common shares) | -$25.78 | -$48.1 | $13.02 | -$75.81 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $670.75 | $636.87 | $195.72 | $166.24 |
| Cost of revenue | $645.42 | $588.08 | $183.54 | |
| Gross Profit | $25.33 | $48.79 | $12.18 | -$1.76 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $214.01 | $220.06 | $83.9 | |
| Total operating expenses | $262.78 | $225.64 | $88.43 | $0.76 |
| Operating income | -$237.45 | -$176.85 | -$76.25 | -$0.76 |
| Income from continuing operations | ||||
| EBIT | -$160.77 | -$157.96 | -$51.5 | $1.83 |
| Income tax expense | $0.33 | $0.23 | $0.5 | |
| Interest expense | $10.95 | $8.08 | $7.65 | $3.78 |
| Net income | ||||
| Net income | -$172.04 | -$166.27 | -$59.15 | $1.33 |
| Income (for common shares) | -$172.04 | -$166.27 | -$59.15 | $1.33 |
| (in millions $) | 30 Jun 2023 | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 |
|---|---|---|---|---|
| Net income | -$25.78 | -$48.1 | $13.02 | -$75.81 |
| Operating activities | ||||
| Depreciation | $4.48 | $7.83 | -$6.2 | $17.77 |
| Business acquisitions & disposals | $1.35 | $0.43 | $95.66 | |
| Stock-based compensation | $1.33 | $1.23 | -$0.27 | $4.18 |
| Total cash flows from operations | -$27.97 | -$36.31 | -$22.79 | $10.51 |
| Investing activities | ||||
| Capital expenditures | -$1.22 | -$2.37 | -$3.69 | -$2.59 |
| Investments | $0.81 | $0.05 | ||
| Total cash flows from investing | $0.13 | -$0.94 | $92.02 | -$2.59 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$0 | -$0.01 | -$0.03 | |
| Net borrowings | -$7.73 | -$2.85 | -$17.06 | -$52.07 |
| Total cash flows from financing | -$7.71 | -$2.87 | -$17.23 | -$52.35 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$35.55 | -$40.13 | $52 | -$44.44 |
| (in millions $) | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 | 31 Dec 2019 |
|---|---|---|---|---|
| Net income | -$172.04 | -$166.27 | -$59.15 | $1.33 |
| Operating activities | ||||
| Depreciation | $22.28 | $6.25 | $4.54 | |
| Business acquisitions & disposals | $80.66 | |||
| Stock-based compensation | $13.03 | $25.13 | $2.61 | |
| Total cash flows from operations | -$110.42 | -$211.05 | -$85.85 | -$0.63 |
| Investing activities | ||||
| Capital expenditures | -$14.72 | -$14.14 | -$4.88 | |
| Investments | $0.05 | -$150.64 | ||
| Total cash flows from investing | $66 | -$14.14 | -$4.88 | -$150.64 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$0.08 | $0.43 | $303.65 | $152.28 |
| Net borrowings | -$39.13 | $212.44 | -$14.76 | -$0 |
| Total cash flows from financing | -$42.07 | $183.99 | $281.7 | $151.66 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$86.5 | -$41.2 | $190.97 | $0.38 |
News
Fundamentals
| Market cap | $2.89M |
|---|---|
| Enterprise value | $187.60M |
| Shares outstanding | 17.00M |
| Revenue | $328.81M |
|---|---|
| EBITDA | -$101.59M |
| EBIT | -$125.48M |
| Net Income | -$136.67M |
| Revenue Q/Q | -78.88% |
| Revenue Y/Y | -59.87% |
| P/E ratio | -0.02 |
|---|---|
| EV/Sales | 0.57 |
| EV/EBITDA | -1.85 |
| EV/EBIT | -1.50 |
| P/S ratio | 0.01 |
| P/B ratio | -0.02 |
| Book/Share | -7.69 |
| Cash/Share | 1.83 |
| EPS | -$8.04 |
|---|---|
| ROA | -76.25% |
| ROE | 139.24% |
| Debt/Equity | -5.15 |
|---|---|
| Net debt/EBITDA | -2.06 |
| Current ratio | 1.33 |
| Quick ratio | 0.92 |