READ Stock Financial Analysis - Legible Inc. (CNSX) Stock

Overview

Legible Inc. is a Canadian company primarily engaged in the digital book market, situated at the intersection of technology and publishing. The company has crafted a unique online e-reading platform, designed to revolutionize the digital reading experience by making it more accessible, immersive, and eco-friendly. This platform distinguishes itself through its browser-based delivery model that does not require app downloads, facilitating ease of access to a broad spectrum of digital content across various devices. A key project for Legible Inc. includes the development of a global eBook marketplace that integrates advanced reading technologies, curated content libraries, and sustainable reading solutions, aiming to cater to the evolving demands of modern digital readers and publishers worldwide.

Quality, Value, Momentum Scores

This card shows the Quality, Value, and Momentum scores for the company

Quality

The QualityScore is a proprietary scoring model that identifies high quality companies, based on cash generating efficiencies.

Value

Proprietary scoring model that ranks companies based on their relative valuation. Scores range from 0 to 100, with 100 being the most undervalued.

Momentum

Proprietary scoring model that ranks companies on their six-month momentum.

Fund Sentiment

The Fund Sentiment (fka Ownership) score is a proprietary quantitative model that ranks companies based on levels of ownership accumulation.

QVM

The QVM Score is a proprietary scoring model that combines Quality, Value, and Momentum into a single metric that ranks companies from 0 to 100.

Income Statement: Revenue, Operating Income, Net Income

The revenue for Legible Inc. as of December 31, 2024 is 0.08 MM.
The operating income for Legible Inc. as of December 31, 2024 is -3.28 MM.
The net income for Legible Inc. as of December 31, 2024 is -4.75 MM.

Period End (TTM)	Revenue (MM)	Operating Income (MM)	Net Income (MM)
2024-12-31	0.08	-3.28	-4.75
2024-09-30	0.07	-3.71	-4.56
2024-06-30	0.05	-4.27	-4.96
2024-03-31	0.06	-4.42	-4.68
2023-12-31	0.05	-4.57	-4.80
2023-09-30	0.05	-4.16	-4.15
2023-06-30	0.05	-3.65	-4.92
2023-03-31	0.03	-4.24	-6.75
2022-12-31	0.02	-6.42	-8.78
2022-09-30	0.01	-9.66	-16.86
2022-06-30	0.00	-10.68	-16.59
2022-03-31	0.00	-10.51	-15.47
2021-12-31	0.00	-7.93	-12.91
2021-09-30	0.00	-4.36	-4.56
2020-12-31		-0.95	-0.95

Income Statement: EPS

Period End (TTM)	Earnings Per Share Basic	Earnings Per Share Diluted
2024-12-31
2024-09-30	-0.03	-0.03
2024-06-30	-0.04	-0.04
2024-03-31	-0.04	-0.04
2023-12-31	-0.04
2023-09-30	-0.04	-0.04
2023-06-30	-0.06	-0.06
2023-03-31	-0.09	-0.09
2022-12-31	-0.13
2022-09-30	-0.27	-0.27
2022-06-30	-0.28	-0.28
2022-03-31	-0.29	-0.29
2021-12-31	-0.26
2021-09-30	-0.10	-0.10
2020-12-31	-0.03	-0.03

Cash Flow: Operations, Investing, Financing

The cash from operating activities for Legible Inc. as of December 31, 2024 is -2.16 MM.
The cash from financing activities for Legible Inc. as of December 31, 2024 is 2.13 MM.

Period End (TTM)	Cash From Operating Activities (MM)	Cash From Investing Activities (MM)	Cash From Financing Activities (MM)
2024-12-31	-2.16		2.13
2024-09-30	-2.46		2.66
2024-06-30	-3.02		3.03
2024-03-31	-2.80		2.75
2023-12-31	-2.84		2.77
2023-09-30	-2.98	0.30	2.61
2023-06-30	-2.59	0.32	2.11
2023-03-31	-2.81	0.24	2.47
2022-12-31	-3.84	0.02	3.14
2022-09-30	-5.62	-0.54	4.55
2022-06-30	-6.91	-0.83	5.89
2022-03-31	-7.36	-1.01	7.59
2021-12-31	-6.35	-1.26	8.30
2021-09-30	-4.08	-1.79	7.63
2020-12-31	-0.79	-1.01	1.95

Valuation Metrics : PE, PriceToBook, PriceToTBV

P/Book: The current closing price divided by the book value per share.

P/TBV: The current price divided by the tangible book value per share.

Period End (TTM)	p/e	P/Book	P/TBV
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2020-12-31

Valuation Metrics : EBitToEv, EBit3YrAvgToEv

Period End (TTM)	EBIT/EV	EBIT (3y)/EV
2024-12-31
2024-09-30
2024-06-30
2024-03-31
2023-12-31
2023-09-30
2023-06-30
2023-03-31
2022-12-31
2022-09-30
2022-06-30
2022-03-31
2021-12-31
2021-09-30
2020-12-31

Management Effectiveness

The roa for Legible Inc. as of December 31, 2024 is -32.28.

Period End (TTM)	ROA	ROE	ROIC	CROIC	OCROIC
2024-12-31	-32.28
2024-09-30	-20.30
2024-06-30	-16.25
2024-03-31	-12.54
2023-12-31	-1.74
2023-09-30	-1.86
2023-06-30	-3.32
2023-03-31	-5.98	-20.69
2022-12-31	-3.26	-3.54	-25.59	-2.44	-8.53
2022-09-30	-3.21	-3.54
2022-06-30	-7.44	-9.14
2022-03-31	-2.19	-8.52	-47.42	-2.40	-22.57
2021-12-31	-2.19	-2.51	-4.85	0.26	-0.86
2021-09-30			-0.96	0.37	-0.86
2020-12-31			-0.52	0.09	-0.43

Gross Margins

The gross margin for Legible Inc. as of December 31, 2024 is 0.34.
The net margin for Legible Inc. as of December 31, 2024 is -68.57.
The operating margin for Legible Inc. as of December 31, 2024 is -55.86.

Gross Margin: The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.

Net Margin: The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.

Operating Margin: The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.

Period End (TTM)	Gross Margin	Net Margin	Operating Margin
2024-12-31	0.34	-68.57	-55.86
2024-09-30	0.34	-92.48	-79.47
2024-06-30	0.33	-74.53	-70.43
2024-03-31	0.31	-89.68	-89.77
2023-12-31	0.31	-89.68	-89.77
2023-09-30	0.38	-103.45	-76.67
2023-06-30	0.47	-103.45	-76.67
2023-03-31	-11.98	-226.26	-142.13
2022-12-31	-11.98	-1,195.66	-681.81
2022-09-30	-64.16	-1,195.66	-681.81
2022-06-30	-61.95	-6,389.07	-4,093.54
2022-03-31	-115.60	-6,799.07	-4,595.98
2021-12-31	-115.60	-14,064.77	-8,579.00
2021-09-30	-115.60	-11,597.50	-11,102.99
2020-12-31