Pivotal Systems Balance Sheet Health

Financial Health criteria checks 6/6

Pivotal Systems has a total shareholder equity of $7.4M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $12.1M and $4.6M respectively.

Key information

Debt to equity ratio

US$0

Debt

Interest coverage ratio	n/a
Cash	US$2.13m
Equity	US$7.44m
Total liabilities	US$4.62m
Total assets	US$12.06m

Recent financial health updates

Recent updates

Financial Position Analysis

Short Term Liabilities: PVS's short term assets ($11.2M) exceed its short term liabilities ($4.4M).

Long Term Liabilities: PVS's short term assets ($11.2M) exceed its long term liabilities ($170.0K).

Debt to Equity History and Analysis

Debt Level: PVS is debt free.

Reducing Debt: PVS has no debt compared to 5 years ago when its debt to equity ratio was 14.4%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PVS has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: PVS is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.

Pivotal Systems Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Pivotal to Be Delisted from ASX on Completion of the Transaction

Recent updates

OmegaX, Inc. completed the acquisition of Pivotal Systems Corporation (ASX:PVS)

OmegaX, Inc. entered into a definitive merger agreement to acquire Pivotal Systems Corporation (ASX:PVS) for AUD 0.08 million.

Pivotal to Be Delisted from ASX on Completion of the Transaction

Pivotal Systems Corporation Resolves Outstanding Claims

Pivotal Systems Corporation Resolves Outstanding Claims

Pivotal Systems Corporation announced that it has received $0.6 million in funding

First half 2023 earnings released: US$0.02 loss per share (vs US$0.067 loss in 1H 2022)

Pivotal Systems Corporation announced that it has received $0.2 million in funding from Anzu Partners, LLC

Pivotal Systems Corporation has completed a Follow-on Equity Offering in the amount of AUD 4.870891 million.

Pivotal Systems Corporation Appoints Joseph Monkowski to the Board of Directors as an Executive Director

Pivotal Systems Corporation Announces Not Seek Re-Election of Jason Korman as Non-Executive Director

Pivotal Systems Corporation, Annual General Meeting, May 25, 2023

Forecast to breakeven in 2023

Less than half of directors are independent

Forecast to breakeven in 2023

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

Pivotal Systems Corporation to Report Q3, 2022 Results on Oct 31, 2022

Less than half of directors are independent

First half 2022 earnings released: US$0.067 loss per share (vs US$0.012 loss in 1H 2021)

Pivotal Systems Corporation to Report Q2, 2022 Results on Aug 31, 2022

Less than half of directors are independent

Less than half of directors are independent

Pivotal Systems Corporation to Report Q1, 2022 Results on Apr 29, 2022

Pivotal Systems Corporation, Annual General Meeting, May 19, 2022

Full year 2021 earnings released: US$0.059 loss per share (vs US$0.11 loss in FY 2020)

Less than half of directors are independent

Full year 2021 earnings released: US$0.038 loss per share (vs US$0.08 loss in FY 2020)

Less than half of directors are independent

Pivotal Systems Corporation has completed a Follow-on Equity Offering in the amount of AUD 14.8 million.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Forecast breakeven date moved forward to 2022

Less than half of directors are independent

Pivotal Systems Corporation Announces Chief Executive Officer Changes

Less than half of directors are independent

Less than half of directors are independent

Forecast to breakeven in 2022

Less than half of directors are independent

Forecast to breakeven in 2023

Less than half of directors are independent

First half 2021 earnings released: US$0.012 loss per share (vs US$0.044 loss in 1H 2020)

No longer forecast to breakeven

Less than half of directors are independent

Pivotal Systems Corporation announced that it has received $13 million in funding from Anzu Partners

Pivotal Systems Corporation to Report Fiscal Year 2020 Results on Feb 26, 2021

Pivotal Systems Corporation to Report Q4, 2020 Results on Jan 29, 2021

Pivotal Systems Corporation has completed a Follow-on Equity Offering in the amount of AUD 5.267316 million.

First half earnings released

Pivotal Systems Corporation to Report First Half, 2020 Final Results on Aug 28, 2020

Pivotal Systems Corporation to Report Q2, 2020 Results on Jul 31, 2020

Pivotal Systems Corporation(ASX:PVS) dropped from S&P/ASX All Ordinaries Index

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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