← WiMi Hologram Cloud Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation and amortization | $12.8m | $13.5m | $13.9m | $14.6m | $18.5m | $10.5m | $1.3m | $6.0m | $5.0m | |
| Amortization of operating lease right-of-use assets | — | — | — | $241k | $1.2m | $1.7m | $940k | $1.0m | $1.2m | |
| Deferred tax assets | — | — | — | — | ($3.0m) | ($3.8m) | ($2.7m) | $548k | ($3k) | |
| Stock compensation expenses | — | — | — | $191.4m | $10.6m | $6.4m | $55.7m | — | $22.1m | |
| Impairment loss for goodwill | — | — | — | $7.3m | $131.2m | $35.5m | $243.3m | — | — | |
| Impairment loss from long-lived assets | — | — | — | — | $4.3m | $13.7m | $5.5m | $35.8m | $14.8m | |
| Loss from disposal of property and equipment | — | — | — | $32k | $902k | ($9.0m) | — | $2k | — | |
| Operating lease liabilities | — | — | — | ($240k) | ($1.1m) | ($1.7m) | ($1.2m) | ($979k) | ($1.1m) | |
| Operating lease right-of-use assets obtained in exchange for Operating lease liabilities - current | — | — | — | — | $1.4m | — | — | — | $1.2m | |
| Net (loss) income | $73.3m | $89.2m | $102.2m | ($145.0m) | ($254.4m) | ($376.8m) | ($510.4m) | $103.3m | $347.1m | |
| (Reversal of) allowance for credit losses | — | — | — | — | — | $4.5m | ($81.4m) | ($4.9m) | $21.6m | |
| Loss/(gain) from short-term investment-unrealized | — | — | — | — | — | $88.3m | — | $4.5m | ($395.5m) | |
| Loss/(gain) from disposal of subsidiary | — | — | — | — | $902k | ($9.0m) | — | $54.7m | ($12.3m) | |
| Loss/(gain) from long-term investments | — | — | — | — | — | ($1.8m) | $89.2m | $295k | ($15k) | |
| Accounts receivables | ($2.2m) | ($11.3m) | $9.1m | ($110.6m) | $9.4m | ($3.9m) | $86.0m | $7k | ($19.9m) | |
| Inventories | ($3.2m) | ($8.4m) | $5.3m | $3.2m | ($20.8m) | $4.7m | $2.4m | — | — | |
| Prepaid services fees | ($876k) | $31k | ($404k) | $200k | ($12.2m) | $194k | $51.1m | ($4.6m) | — | |
| Other receivables and prepaid expenses | $5.0m | ($2.3m) | ($3.1m) | ($25.5m) | ($12.3m) | $403k | ($5.4m) | ($8.9m) | ($10.4m) | |
| Prepaid expenses and deposits | — | — | ($404k) | $200k | $497k | $190k | — | ($4.6m) | $4.6m | |
| Accounts payable | $17.1m | $7.7m | $5.7m | ($2.1m) | $5.6m | ($2.4m) | $4.9m | ($2.3m) | $8.5m | |
| Other payables and accrued liabilities | $371k | $12k | $445k | $2.6m | $27.3m | $8.7m | $148.3m | $347.7m | $122.1m | |
| Deferred revenues | $146k | ($155k) | $323k | $9.2m | $18.1m | ($12.0m) | ($833k) | ($6.8m) | $3.7m | |
| Taxes payable | $2.9m | $8.1m | ($1.1m) | $1.3m | ($4.1m) | ($396k) | $2.0m | $7.4m | $6.2m | |
| Purchases of property and equipment | ($2.0m) | ($47k) | ($196k) | ($485k) | ($25.2m) | ($1.1m) | ($68.1m) | ($29k) | ($58.7m) | |
| Redemption of short-term investments | — | — | — | — | — | $501.8m | $290.2m | $658.6m | $666.3m | |
| Cash received from disposal of subsidiary | — | — | — | — | ($9.1m) | $27.6m | — | — | $3.0m | |
| Proceeds from short-term loan – banking facility | — | — | — | — | — | — | $7.1m | $18.1m | $30.0m | |
| Payments to bank loans | — | — | — | ($16.1m) | ($20.5m) | — | — | ($16.6m) | ($15.0m) | |
| Proceeds from related party loans | — | — | $88.5m | $96.3m | $48.2m | $47.0m | $18k | $4.3m | — | |
| Repayments to related party loans | ($33.8m) | ($14.8m) | ($129.5m) | ($96.3m) | ($47.6m) | ($77.1m) | ($3.2m) | ($18.8m) | — | |
| Cash received from security issuance | — | — | — | — | — | — | — | $2.9m | $863.9m | |
| Cash received from convertible notes issuance | — | — | — | — | — | $139.0m | — | $660.0m | $258.7m | |
| Shares converted from convertible notes payable | — | — | — | — | — | — | — | $547.9m | $963.8m | |
| Net cash provided by operating activities | $108.1m | $99.5m | $144.0m | ($67.0m) | $58.2m | ($238.2m) | $88.6m | $532.9m | $117.7m | |
| Purchases of short-term investments | — | — | — | ($173.6m) | ($201.3m) | ($591.8m) | ($687.4m) | ($1.1b) | ($1.5b) | |
| Sale of long-term investments | — | — | — | — | — | — | $1.4m | — | — | |
| Net cash used in investing activities | ($118.4m) | ($98.6m) | ($126.5m) | ($228.1m) | ($237.7m) | ($90.3m) | ($304.7m) | ($416.8m) | ($875.1m) | |
| Net cash provided by financing activities | ($3.8m) | $137.5m | ($41.0m) | $562.6m | $579.4m | $108.9m | $3.9m | $667.6m | $1.1b | |
| EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS | ($234k) | $937k | $599k | ($28.5m) | ($15.7m) | $40.0m | ($22.3m) | ($51.4m) | ($136.7m) | |
| CHANGE IN CASH AND CASH EQUIVALENTS | ($14.3m) | $139.3m | ($22.9m) | $239.1m | $384.2m | ($179.6m) | ($234.6m) | $732.3m | $243.5m | |
| CASH AND CASH EQUIVALENTS, beginning of year | — | $151.9m | $129.0m | $368.1m | $752.3m | $572.8m | $338.2m | $1.1b | $1.3b | |
| Cash and cash equivalents | $12.7m | $151.9m | $129.0m | $355.0m | $751.9m | $572.8m | $338.2m | $1.1b | $1.3b | |
| Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows | — | $151.9m | $129.0m | $368.1m | $752.3m | $572.8m | $338.2m | $1.1b | $1.3b | |
| Cash paid for interest | — | — | — | $123k | $113k | $20k | $736k | $759k | $759k | |
| Cash paid for income taxes | $2.1m | $2.3m | $4.6m | $4.9m | $4.4m | $1.3m | $241k | $465k | $16k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.