While revenue growth reached 106.1% in 2021Q3, the company continues to struggle with profitability, reporting a negative operating margin of 7.2% as SG&A expenses consistently outpace gross profit.
| Sales/Revenue | 15.56M | 10.8M | 13.24K | 14.7K |
| Revenue Growth % | 388.45% | 81502.82% | -9.93% | - |
| Cost of Goods Sold | 10.23M | 7.68M | 0 | 0 |
| COGS % of Revenue | - | 71.09% | - | - |
| Gross Profit | 5.33M | 3.12M | 13.24K | 14.7K |
| Gross Margin % | 34.23% | 28.91% | 100% | 100% |
| Gross Profit Growth % | - | 23494.59% | -9.93% | - |
| Operating Expenses | 44.98M | 6.85M | 21.02K | 10.91K |
| OpEx % of Revenue | - | 63.41% | 158.76% | 74.2% |
| Selling, General & Admin | 45.29M | 6.51M | 4K | 0 |
| SG&A % of Revenue | - | 60.26% | 30.21% | - |
| Research & Development | 573.2K | 339.38K | 0 | 0 |
| R&D % of Revenue | - | 3.14% | - | - |
| Other Operating Expenses | -384.52K | 0 | 17.02K | 10.91K |
| Operating Income | -43.56M | -3.73M | -7.78K | 3.79K |
| Operating Margin % | -279.99% | -34.49% | -58.76% | 25.8% |
| Operating Income Growth % | - | -47798.93% | -305.17% | - |
| EBITDA | -43.94M | -3.72M | -5.31K | 4.04K |
| EBITDA Margin % | -282.47% | -34.47% | -40.14% | 27.5% |
| EBITDA Growth % | -4543.62% | -69975.4% | -231.47% | - |
| D&A (Non-Cash Add-back) | -385.27K | 2.73K | 2.47K | 250 |
| EBIT | -60.05M | -19.2M | -7.78K | 3.79K |
| Net Interest Income | -22.5K | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 |
| Interest Expense | -571.53K | -608.67K | 0 | 0 |
| Other Income/Expense | -15.92M | -14.87M | 0 | 0 |
| Pretax Income | -59.48M | -18.59M | -7.78K | 3.79K |
| Pretax Margin % | -382.32% | -172.11% | -58.76% | 25.8% |
| Income Tax | 22.5K | 0 | 0 | 0 |
| Effective Tax Rate % | -0.04% | 0% | 0% | 0% |
| Net Income | -59.5M | -18.59M | -7.78K | 3.79K |
| Net Margin % | -382.47% | -172.11% | -58.76% | 25.8% |
| Net Income Growth % | -4203.2% | -238907.2% | -305.17% | - |
| Net Income (Continuing) | -59.5M | -18.59M | -7.78K | 3.79K |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.28 | -0.71 | -0.00 | 0.00 |
| EPS Growth % | -4136.99% | - | - | - |
| EPS (Basic) | - | -0.71 | -0.00 | 0.00 |
| Diluted Shares Outstanding | 26.09M | 26.09M | 5.81M | 5M |
| Basic Shares Outstanding | 26.09M | 26.09M | 5.81M | 5M |
| Dividend Payout Ratio | - | - | - | - |
Imminent Liquidity Crisis
According to historical financial data, SLGB has experienced extreme revenue volatility, with recent quarterly figures showing a massive expansion that appears disconnected from the company's historical operational baseline, suggesting a fundamental shift in the reporting entity's scope rather than organic growth within the existing logistics framework.
The rapid revenue acceleration observed in recent periods warrants skepticism regarding the sustainability of these gains. It appears that the company may be transitioning from a shell-like state, and investors should monitor whether this top-line growth is driven by high-quality, recurring industrial contracts or one-time structural events.
As reported in financial statements, SLGB's operating income remains deeply negative, with SG&A expenses frequently exceeding gross profit, indicating that the company has failed to achieve the necessary scale to dilute its fixed corporate overhead and achieve meaningful operating leverage in its current business model.
The persistent gap between gross profit and operating income suggests that the cost of scaling the business is currently exceeding the revenue benefits. This lack of operating leverage implies that the company's current administrative structure is disproportionately expensive relative to its actual logistics throughput.
Based on SLGB's reported figures, the presence of significant stock-based compensation, particularly in 2021Q3, suggests that reported net income is heavily impacted by non-cash items, which complicates the assessment of the company's true operational profitability and masks the underlying cash-burning nature of the business.
The volatility in net income, exacerbated by non-operating items and stock-based compensation, makes it difficult to gauge the core earnings power of the firm. Investors should be wary of these accounting anomalies, as they appear to obscure the reality of a business that is currently unable to generate positive cash flow from its primary logistics operations.
Data from recent filings reveals a critical liquidity risk, as the company reported cash and equivalents of only $929 against millions in revenue, suggesting that SLGB is operating with virtually no financial cushion to absorb even minor disruptions in its industrial logistics supply chain.
The extreme mismatch between revenue scale and cash on hand suggests that the company is likely entirely dependent on external capital or parent company support to fund daily operations. This precarious liquidity position implies that any delay in contract payments or unexpected cost spikes could lead to an immediate cessation of service capabilities.
Quick answers to the most common questions about buying SLGB stock.
For fiscal year 2021, Smart Logistics Global Limited Ordinary Shares (SLGB) reported total revenue of $10.8M. This represents a 73398.1% increase compared to $0.0M in 2017.
Smart Logistics Global Limited Ordinary Shares (SLGB) reported a net loss of $18.6M for the fiscal year ending 2021.
Smart Logistics Global Limited Ordinary Shares (SLGB) reported an operating income of $-3.7M, resulting in an operating profit margin of -34.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Smart Logistics Global Limited Ordinary Shares (SLGB) generated $3.1M in gross profit for the year, representing a gross profit margin of 28.9%. This demonstrates the company's core pricing power and production efficiency.