Correlate Energy Corp. financial data

Symbol
CIPI on OTC
Industry
Services-Engineering Services
Location
176 S. Capitol Blvd, 2 Nd Floor, Boise, ID
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
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 38.7 % +33.1%
Debt-to-equity -221 % -9.33%
Return On Equity 985 % +181%
Return On Assets -814 % -138%
Operating Margin -178 % -154%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 57.9M shares +59.9%
Common Stock, Shares, Outstanding 57.9M shares +60.1%
Entity Public Float 14.4M USD -2.15%
Common Stock, Value, Issued 5.79K USD +60.1%
Weighted Average Number of Shares Outstanding, Basic 35.1M shares +75.7%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 5.65M USD -22.7%
Cost of Revenue 6.01M USD -0.79%
General and Administrative Expense 3.86M USD +27.4%
Operating Income (Loss) -10.1M USD -96.5%
Net Income (Loss) Attributable to Parent -34.5M USD -265%
Earnings Per Share, Basic -0.5 USD/shares -1150%

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 191K USD
Inventory, Net 175K USD
Assets, Current 2.05M USD -4.85%
Property, Plant and Equipment, Net 216K USD +120%
Goodwill 763K USD 0%
Assets 3.61M USD -7.99%
Accounts Payable, Current 3.06M USD +200%
Accrued Liabilities, Current 910K USD -30.8%
Liabilities, Current 6.28M USD +50.5%
Liabilities 6.28M USD +32.8%
Retained Earnings (Accumulated Deficit) -47.8M USD -260%
Stockholders' Equity Attributable to Parent -2.67M USD -232%
Liabilities and Equity 3.61M USD -7.99%

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 57.9M shares +60.1%
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 768K USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 255K USD -77.6%
Deferred Tax Assets, Valuation Allowance 4.3M USD +138%
Payments to Acquire Property, Plant, and Equipment 34.7K USD
Property, Plant and Equipment, Gross 8.31M USD
Deferred Tax Assets, Operating Loss Carryforwards 3.26M USD +105%
Preferred Stock, Shares Issued 7.81K shares
Preferred Stock, Shares Authorized 50M shares 0%
Additional Paid in Capital 45.1M USD +262%
Preferred Stock, Shares Outstanding 7.81K shares
Deferred Tax Assets, Net of Valuation Allowance 0 USD
Interest Expense 813K USD +113%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%