GREEN GIANT Reports Decrease in Revenue and Net Income for Q1 FY2023
February 17, 2023
Earnings report
On February 13, 2023, GREEN GIANT ($NASDAQ:GGE) reported their earnings results for the first quarter of FY2023, ending on December 31, 2022. According to their report, total revenue was USD -0.6 million, a decrease of 258.3% compared to the same quarter of the previous year. Similarly, GREEN GIANT reported a decrease of 94.3% in their net income, which was reported as 0.2 million.
Share Price
On Monday, GREEN GIANT reported a decrease in both revenue and net income for the first quarter of fiscal year 2023. Stock opened at $2.2 and closed at $2.1, showing a drop of 5.8% from the previous closing price of $2.2. This decrease in stock price is most likely due to the financial difficulty GREEN GIANT is facing as a result of the decrease in revenue and net income.
The CEO of GREEN GIANT has promised that plans are being implemented to improve the company’s financial performance and to restore investor confidence in the company. It remains to be seen what effect this will have on their stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Green Giant. More…
| Total Revenues | Net Income | Net Margin |
| 6.42 | -109.06 | -470.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Green Giant. More…
| Operations | Investing | Financing |
| -2.03 | -32.14 | 32.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Green Giant. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 321.64 | 194.58 | 2.28 |
Key Ratios Snapshot
Some of the financial key ratios for Green Giant are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -42.8% | -9.4% | -453.0% |
| FCF Margin | ROE | ROA |
| -451.6% | -14.7% | -5.6% |
Analysis
At GoodWhale, we conducted an analysis of GREEN GIANT‘s wellbeing and found that the company had an intermediate health score of 4/10 with regard to its cashflows and debt. This suggested that GREEN GIANT is likely to safely ride out any crisis without the risk of bankruptcy. Our data classified GREEN GIANT as an ‘elephant’–a type of company that is rich in assets after deducting off liabilities. To be more specific, GREEN GIANT was strong in assets and medium in profitability, but weak in dividend growth. Given these analysis, investors who are interested in assessing the long-term stability and prospects of a company may find GREEN GIANT an interesting investment opportunity. They should take into account its large asset base, moderate profitability, and weak dividend growth when making their assessments. More…
Peers
The competition between Green Giant Inc and its competitors, Instone Real Estate Group SE, American Realty Investors Inc, and Along Tibet Co Ltd, is fierce in the current business climate. All four companies are vying for market share and strive to come out on top in the highly competitive industry. In order to gain an edge over their rivals, each company must devise a successful strategy to stay ahead of the competition.
– Instone Real Estate Group SE ($BER:INS)
Instone Real Estate Group SE is a leading international real estate company that specializes in the development and management of residential, commercial, and office properties. The company has a market cap of 429M as of 2023, making it one of the largest players in the real estate industry. The company’s return on equity (ROE), which measures the rate of return of its equity shareholders, is 14.83%. This indicates that the company is generating a healthy return on its investments and is well poised for growth in the coming years.
– American Realty Investors Inc ($NYSE:ARL)
American Realty Investors Inc is a real estate investment trust that specializes in acquiring and managing income-producing properties throughout the United States. As of 2023, the company has a market cap of 423.99M, which is an indication of its overall size and financial standing. Furthermore, its Return on Equity (ROE) of 77.3% is indicative of its high profitability and efficiency. This indicates that the company is able to generate more profits from its investments than most of its competitors, showing strong financial performance.
– Along Tibet Co Ltd ($SHSE:600773)
Tibet Co Ltd is a multinational company that specializes in the production and distribution of consumer goods. The company has a market cap of 15.04 billion as of 2023, which reflects its strong financial position and potential for growth. The Return on Equity (ROE) of 5.87% is also an indication that the company is performing well and continuing to grow. Tibet Co Ltd has achieved success by focusing on innovation, customer service, and quality products. The company’s market cap and ROE are clear indicators of its successful approach to business.
Summary
Green Giant reported a significant decrease of 258.3% in total revenue year-over-year for the quarter, bringing it to -USD 0.6 million. Net income also saw a substantial drop of 94.3%, ending at USD 0.2 million. The stock price responded by falling that same day. Investors should further investigate the impacts of the revenue declines, as well as monitor Green Giant’s financials and developments in the coming quarters.
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