Correlate Energy Corp. financial data

Symbol
CIPI on OTC
Industry
Services-Engineering Services
Location
176 S. Capitol Blvd, 2 Nd Floor, Boise, Idaho
State of incorporation
Nevada
Fiscal year end
December 31
Former names
Correlate Infrastructure Partners, Inc. (to 5/16/2023), TRICCAR INC. (to 4/1/2022), FRONTIER OILFIELD SERVICES INC (to 6/1/2021), TBX RESOURCES INC (to 11/9/2011)
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 42.4 % +52.8%
Debt-to-equity -242 % -24.7%
Return On Equity 456 % +24.5%
Return On Assets -321 % +17.5%
Operating Margin -101 % +44.6%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 40.1M shares +13.6%
Common Stock, Shares, Outstanding 40.1M shares +13.5%
Entity Public Float 14.4M USD -2.15%
Common Stock, Value, Issued 4.01K USD +13.6%
Weighted Average Number of Shares Outstanding, Basic 35.1M shares +75.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 7.95M USD +135%
Cost of Revenue 6.52M USD +105%
General and Administrative Expense 3.66M USD +27.9%
Operating Income (Loss) -7.99M USD -30.1%
Net Income (Loss) Attributable to Parent -13.9M USD -44.3%
Earnings Per Share, Basic -0.12 USD/shares -20%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 741K USD -27.4%
Accounts Receivable, after Allowance for Credit Loss, Current 185K USD
Inventory, Net 175K USD
Assets, Current 1.43M USD -13.3%
Property, Plant and Equipment, Net 195K USD +5306%
Goodwill 763K USD 0%
Assets 3.05M USD +12.7%
Accounts Payable, Current 734K USD -30%
Accrued Liabilities, Current 1.13M USD +17.1%
Liabilities, Current 6.43M USD -24.9%
Liabilities 8.87M USD +3.24%
Retained Earnings (Accumulated Deficit) -25.5M USD -119%
Stockholders' Equity Attributable to Parent -5.82M USD +1.12%
Liabilities and Equity 3.05M USD +12.7%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -1.28M USD -17.1%
Net Cash Provided by (Used in) Financing Activities 0 USD -100%
Net Cash Provided by (Used in) Investing Activities -34.7K USD
Common Stock, Shares Authorized 400M shares 0%
Common Stock, Shares, Issued 40.1M shares +13.5%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -156K USD -188%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 102K USD -86.3%
Deferred Tax Assets, Valuation Allowance 4.3M USD +138%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Payments to Acquire Property, Plant, and Equipment 34.7K USD
Deferred Tax Assets, Operating Loss Carryforwards 3.26M USD +105%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 50M shares 0%
Additional Paid in Capital 19.7M USD +240%
Preferred Stock, Shares Outstanding 0 shares
Deferred Tax Assets, Net of Valuation Allowance 0 USD
Interest Expense 797K USD +203%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%