GALAXY NEXT GENERATION, INC.
Communication Services · Services-Motion Picture Theaters · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY17 | FY16 | |
|---|---|---|---|---|---|---|
| Revenue | $3.9M | $3.8M | $2.3M | $1.9M | $1.1M | $1.1M |
| Operating income | −$4.7M | −$6.2M | −$9.7M | −$5.7M | −$574,365 | −$237,232 |
| Net income | −$6.3M | −$24.4M | −$14.0M | −$6.7M | −$763,379 | −$1.1M |
| Total assets | $4.6M | $7.3M | $4.5M | $2.0M | $4.4M | $4.6M |
| Total liabilities | $6.8M | $8.8M | $12.2M | $6.6M | $7.3M | $6.7M |
| Equity | −$2.2M | −$1.4M | −$7.7M | −$4.6M | −$2.9M | −$2.1M |
| EPS (diluted) | $-0.00 | $-2.00 | — | — | — | — |
| Shares out. | 21.4M | 3.23B | 2.19B | 10.5M | 100.2M | 192.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- −119.9%
- Net margin
- −158.6%
- Return on equity
- 280.2%
- Return on assets
- −136.9%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 148.9%
- Debt / equity
- —
- Book value / share
- $-0.10
- Revenue growth (YoY)
- 4.5%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- -52.03distress
- Accruals / assets
- −111.1%clean
- Beneish M-Score
- -6.70normal
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 4 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Sep 28, 2023
- NT 10-Qmissed a reporting deadline ↗May 12, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 8, 2019
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2018
- NT 10-Kmissed a reporting deadline ↗Sep 25, 2018
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2018
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Bankruptcy or receivershipDec 12, 2024
- Changed auditorApr 20, 2023
- Amended charter or bylawsFeb 2, 2023
- Unregistered equity saleDec 15, 2022
- Entered a material agreement · Unregistered equity saleNov 8, 2022
- Results of operationsSep 23, 2022
- Entered a material agreement · New financial obligation · Unregistered equity saleSep 9, 2022
- Amended charter or bylawsSep 2, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- REVOKEDFeb 20, 2025
- SCHEDULE 13GFeb 5, 2025
- 8-KCURRENT REPORTDec 12, 2024
- NT 10-KNOTIFICATION OF LATE FILINGSep 28, 2023
- EFFECTJul 5, 2023
- 424B3PROSPECTUS [RULE 424(B)(3)]Jul 5, 2023
- CORRESPJun 29, 2023
- S-1/AAMENDED REGISTRATION STATEMENTJun 29, 2023
- UPLOADJun 28, 2023
- S-1REGISTRATION STATEMENTJun 26, 2023
- 10-Q/AAMENDED QTR. REPORT TO INCLUDE IXBRL EXHIBITSMay 24, 2023
- 10-QQTR. REPORT - MARCH 31, 2023May 22, 2023
- NT 10-QNOTIFICATION OF LATE FILINGMay 12, 2023
- 8-KCURRENT REPORTApr 20, 2023
- 10-Q/AAMENDED QTR. REPORT TO INCLUDE IXBRL EXHIBITSFeb 16, 2023