Smartbird, Inc. Financial Ratios — BIRD Stock

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	-28.4	-60.73	-65.03	-112.33
Return on Assets (%)	- -	-12.97	-12.39	-21.32	-39.34	-37.21	-51.82
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	51.03	51.41	52.86	43.53	41.03	42.72	41.03
EBITDA Margin (%)	-2.91	-10.09	-8.37	-28.75	-51.95	-44.88	-47.19
Operating Margin (%)	-4.65	-13.33	-11.85	-32.31	-46.78	-49.51	-49.31
Incremental Operating Margin (%)	- -	- -	- -	- -	51.8	- -	- -
Pretax Margin (%)	-5.6	-13.67	-16.06	-33.63	-59.88	-48.19	-50.43
Profit Margin (%)	-7.5	-11.79	-16.35	-34.04	-60.01	-49.18	-50.69
Net Income to Common Margin (%)	-7.5	-11.79	-16.35	-34.04	-60.01	-49.18	-50.69
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	-28.4	-60.73	-65.03	-112.33

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	106	94	54	40
ST Debt	- -	- -	- -	10	15	11	7
LT Debt	- -	- -	- -	96	79	43	33
Total Debt/EBITDA	- -	- -	- -	-1.24	-0.71	-0.63	-0.55
Net Debt/EBITDA	13.19	5.72	12.43	1.95	0.99	0.78	0.13
Total Debt/EBIT	- -	- -	- -	-1.06	-0.61	-0.55	-0.5
Net Debt/EBIT	8.24	4.33	8.78	1.67	0.85	0.68	0.12
EBITDA to Interest Expense	-58.7	-74.53	-130.47	- -	- -	- -	-67.43
EBITDA-CapEx/Interest Expense	-195.39	-122.85	-266.31	- -	- -	- -	-70.37
EBIT to Interest Expense	-93.89	-98.4	-184.7	- -	- -	- -	-70.45
Interest Expense	- -	- -	- -	- -	- -	- -	1
Common Equity/Total Assets	-5.9	-10.45	81.28	68.51	59.27	53.84	32.82
Long-Term Debt/Equity (%)	- -	- -	- -	30.17	42.48	42.09	91.5
Long-Term Debt/Capital (%)	- -	- -	- -	22.62	28.19	27.55	43.5
Long-Term Debt/Total Assets (%)	- -	- -	- -	20.67	25.18	22.66	30.03
Total Debt/Equity (%)	- -	- -	- -	33.41	50.69	52.79	110.37
Total Debt/Capital (%)	- -	- -	- -	25.05	33.64	34.55	52.47
Total Debt/Total Assets (%)	- -	- -	- -	22.89	30.04	28.42	36.23
Net Debt to Equity	815	496.14	-72.69	-52.76	-70.16	-65.63	-25.95
Net Debt/Capital (%)	89.07	83.23	-266.15	-65.42	-87.13	-75.29	-19.07
EBITDA	-6	-22	-23	-86	-132	-85	-72
EBITDA-CapEx	-19	-36	-47	-117	-143	-89	-75
Operating Income (Loss)	-9	-29	-33	-96	-119	-94	-75

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.44	2.32	3.56	3.34	2.68	1.5	0.66
Current Ratio	2.61	3.93	5.48	6.18	4.37	2.94	2.02
Quick Ratio	1.65	2.75	4.05	3.69	3.05	1.81	0.95
CFO/Avg Current Liab	- -	-0.65	-0.75	-1.38	-0.61	-1.37	-1.3
Common Equity/Total Assets	-5.9	-10.45	81.28	68.51	59.27	53.84	32.82
Long-Term Debt/Equity (%)	- -	- -	- -	30.17	42.48	42.09	91.5
Long-Term Debt/Capital (%)	- -	- -	- -	22.62	28.19	27.55	43.5
Long-Term Debt/Total Assets (%)	- -	- -	- -	20.67	25.18	22.66	30.03
Total Debt/Equity (%)	- -	- -	- -	33.41	50.69	52.79	110.37
Total Debt/Capital (%)	- -	- -	- -	25.05	33.64	34.55	52.47
Total Debt/Total Assets (%)	- -	- -	- -	22.89	30.04	28.42	36.23
CFO/Total Liabilities	0.03	-12.83	-55.62	-62.22	-23.73	-73.24	-74.94
CFO/CapEx	- -	-2.41	-2.1	-2.89	-2.78	-15.59	-17.51
Altman's Z-Score	- -	- -	15.4	1.4	-0.67	-3.3	-7.32

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	97.55	42.91	29.51	29.21	26.44	23.44
Days Sales Outstanding	- -	3.74	8.51	12.37	12.49	13.81	15.57
Inventory Turnover	- -	2.06	1.58	1.5	1.72	2.13	2.17
Days Inventory Outstanding	- -	177.35	231.73	242.78	212.62	171.07	168.46
Accounts Payable Turnover	- -	4.85	7	8.29	10.04	11.44	5.93
Accounts Payable Turnover Days	- -	75.22	52.11	44.04	36.37	31.92	61.52
Cash Conversion Cycle	- -	105.88	188.12	211.11	188.74	152.96	122.51
Inventory to Cash Days	- -	-173.61	-223.23	-230.41	-200.12	-157.26	-152.89
Inventories	44	59	107	117	58	44	39
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	44	59	107	117	58	44	39
Other Inventory	1	1	2	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	2,218	363	190	56	36
- Cash & Cash Equivalents	74	127	289	167	130	67	27
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	106	94	54	40
Enterprise Value	- -	- -	1,929	301	154	43	49
Total Capital	-9	-26	397	423	279	155	76
Total Debt/Capital (%)	- -	- -	- -	25.05	33.64	34.55	52.47
Total Debt / EV	- -	- -	- -	0.35	0.61	1.26	0.81
EV/Sales	- -	- -	6.95	1.01	0.61	0.22	0.32
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	1,045	360	186	55	33
Diluted Enterprise Value	- -	- -	757	299	150	42	46
EV per Share	- -	- -	262.35	40.22	19.85	5.34	5.59
TTM Sales	194	219	277	298	254	190	152
TTM EBITDA	-6	-22	-23	-86	-132	-85	-72
TTM Operating Income	-9	-29	-33	-96	-119	-94	-75
TTM Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	-13.93	-2.95	-4.52	-0.81	-0.57
EV/EBIT	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	- -	1,929	301	154	43	49
Low Price	- -	- -	251.2	42.8	12.8	6.54	3.86
EV/Sales	- -	- -	6.95	1.01	0.61	0.22	0.32
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	5.59	1.15	1.03	0.55	1
Price/Book Value Average	- -	- -	6.93	2.62	1.23	1.03	1.66
Price/Book Value High	- -	- -	12.02	7.94	2.89	2.2	3.12
Price/Book Value Low	- -	- -	4.65	1.01	0.54	0.51	0.94
Price/Tangible Book Value	- -	- -	5.59	1.15	1.03	0.55	1
Price/Tangible Book Value Average	- -	- -	6.94	2.62	1.23	1.03	1.66
Price/Tangible Book Value High	- -	- -	12.03	7.94	2.89	2.2	3.13
Price/Tangible Book Value Low	- -	- -	4.66	1.01	0.54	0.51	0.94
Price/Sales	- -	- -	3.77	1.21	0.73	0.29	0.22
Price/Sales Average	- -	- -	4.68	2.77	0.88	0.54	0.37
Price/Sales High	- -	- -	8.1	8.38	2.06	1.16	0.69
Price/Sales Low	- -	- -	3.14	1.07	0.38	0.27	0.21
Price/Cash Flow	- -	- -	-20.55	-3.97	-6.15	-0.86	-0.61
Price/Cash Flow Average	- -	- -	-25.51	-9.1	-7.37	-1.61	-1.01
Price/Cash Flow High	- -	- -	-44.22	-27.56	-17.31	-3.45	-1.9
Price/Cash Flow Low	- -	- -	-17.12	-3.51	-3.21	-0.81	-0.57
Price/Free Cash Flow Average	- -	- -	-17.29	-6.76	-5.42	-1.51	-0.96
Price/Free Cash Flow High	- -	- -	-29.97	-20.47	-12.73	-3.24	-1.8
Price/Free Cash Flow Low	- -	- -	-11.6	-2.61	-2.36	-0.76	-0.54
EV/Sales Average	- -	- -	8.88	2.58	0.75	0.48	0.48
EV/Sales High	- -	- -	16.15	8.24	1.96	1.11	0.82
EV/Sales Low	- -	- -	5.62	0.87	0.25	0.21	0.31
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	301.6	48.4	24.5	6.97	4.1
High Price	- -	- -	648.8	335.6	69	28	12.85
Enterprise Value Average	- -	- -	2,464	769	192	91	73
Enterprise Value High	- -	- -	4,482	2,454	499	211	125
Enterprise Value Low	- -	- -	1,558	260	63	39	47

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	7	7	7	7	8	8	9
Diluted Weighted Avg Shares	6	6	3	7	8	8	8
Basic Weighted Avg Shares	6	6	3	7	8	8	8
Revenue per Share	30.5	34.54	80.07	40.03	33.5	24.13	18.69
EBITDA per Share	-0.89	-3.49	-6.7	-11.51	-17.41	-10.83	-8.82
Operating Income per Share	-1.42	-4.6	-9.49	-12.94	-15.67	-11.95	-9.21
Basic EPS, GAAP	-2.29	-4.07	-13.09	-13.63	-20.1	-11.87	-9.47
Basic EPS from Cont Ops	-2.29	-4.07	-13.09	-13.63	-20.1	-11.87	-9.47
Diluted EPS, GAAP	-2.29	-4.07	-13.09	-13.63	-20.1	-11.87	-9.47
Diluted EPS from Cont Ops	-2.29	-4.07	-13.09	-13.63	-20.1	-11.87	-9.47
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.01	-5.45	-14.67	-12.18	-3.99	-8.12	-6.75
Free Cash Flow per Basic Share	-2.06	-7.71	-21.65	-16.4	-5.42	-8.64	-7.14
Cash & Equivalents per Share	10.38	17.68	39.25	22.3	16.76	8.34	3.06
Book Value per Share	-1.27	-3.56	53.99	42.26	23.89	12.71	4.12
Tangible Book Value per Share	-1.28	-3.7	53.91	42.24	23.88	12.71	4.11