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VERITEC INC

EDGAR
VRTC Quarterly report (10-Q) · filed 2025-01-14

Annual consolidated revenue for 2024: about USD 461K, using the latest reported figures. The previous period, 2023, was about USD 356K.

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Latest quarter

Revenue

39 thousand USD

2025 Q1 · USD

Exact inputs and evidence

Operating margin

-617.95%

2025 Q1 · %

Exact inputs and evidence
  • Operating Income: -241000 USD Source
  • Revenue: 39000 USD Source

Operating cash flow

-152 thousand USD

2025 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: -152000 USD Source
Cash and cash equivalents
0 USD Source
Exact value

0 USD

Long-term debt including current maturities
Not available
Shares outstanding
39.9 million shares Source
Exact value

39938007 shares

Reported share-count change

-0.13% · -50 thousand shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 39988007 shares · 2023-09-30· Source
  • 39938007 shares · 2024-09-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

442 thousand USD

2023-10-01 – 2024-09-30

Exact inputs and evidence
  • Revenue: 107000 USD · 2023-10-01 – 2023-12-31 Source
  • Revenue: 136000 USD · 2024-01-01 – 2024-03-31 Source
  • Revenue: 461000 USD · 2023-07-01 – 2024-06-30 Source
  • Revenue: 301000 USD · 2023-07-01 – 2024-03-31 Source
  • Revenue: 39000 USD · 2024-07-01 – 2024-09-30 Source

Net income

-1.14 million USD

2023-10-01 – 2024-09-30

Exact inputs and evidence
  • Net income: -235000 USD · 2023-10-01 – 2023-12-31 Source
  • Net income: -308000 USD · 2024-01-01 – 2024-03-31 Source
  • Net income: -1058000 USD · 2023-07-01 – 2024-06-30 Source
  • Net income: -849000 USD · 2023-07-01 – 2024-03-31 Source
  • Net income: -390000 USD · 2024-07-01 – 2024-09-30 Source

Operating cash flow

-511 thousand USD

2023-10-01 – 2024-09-30

Exact inputs and evidence
  • Operating cash flow: -301000 USD · 2023-07-01 – 2023-12-31 Source
  • Operating cash flow: -137000 USD · 2023-07-01 – 2023-09-30 Source
  • Operating cash flow: -403000 USD · 2023-07-01 – 2024-03-31 Source
  • Operating cash flow: -301000 USD · 2023-07-01 – 2023-12-31 Source
  • Operating cash flow: -496000 USD · 2023-07-01 – 2024-06-30 Source
  • Operating cash flow: -403000 USD · 2023-07-01 – 2024-03-31 Source
  • Operating cash flow: -152000 USD · 2024-07-01 – 2024-09-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2025-01-14.

Financial data available through: 2024-06-30.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2024-06-30
  • Operating income: 11 of 11 periods available· newest 2024-06-30
  • Net income: 11 of 11 periods available· newest 2024-06-30
  • Operating cash flow: 11 of 11 periods available· newest 2024-06-30
  • Capital expenditure: 1 of 11 periods available· newest 2014-06-30
  • Total assets: 11 of 11 periods available· newest 2024-06-30
  • Total liabilities: 11 of 11 periods available· newest 2024-06-30
  • Current assets: 11 of 11 periods available· newest 2024-06-30
  • Current liabilities: 11 of 11 periods available· newest 2024-06-30
  • Cash and cash equivalents: 11 of 11 periods available· newest 2024-06-30
  • long term debt: No compatible figures in this window
  • Shares outstanding: 11 of 11 periods available· newest 2024-06-30

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +29.5%

    Prior period

    USD 356,000

    –

    Current period

    USD 461,000

    –

    Exact inputs and evidence

    461000 − 356000 = 105000 USD

    356000 USD · 2022-07-01 – 2023-06-30

    Inspect prior input Prior source

    461000 USD · 2023-07-01 – 2024-06-30

    Inspect current input Current source
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  • Net income

    +USD 176,000

    Prior period

    −USD 1.23 million

    –

    Current period

    −USD 1.06 million

    –

    Exact inputs and evidence

    -1058000 − -1234000 = 176000 USD

    -1234000 USD · 2022-07-01 – 2023-06-30

    Inspect prior input Prior source

    -1058000 USD · 2023-07-01 – 2024-06-30

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  • Operating cash flow

    +USD 3,000

    Prior period

    −USD 499,000

    –

    Current period

    −USD 496,000

    –

    Exact inputs and evidence

    -496000 − -499000 = 3000 USD

    -499000 USD · 2022-07-01 – 2023-06-30

    Inspect prior input Prior source

    -496000 USD · 2023-07-01 – 2024-06-30

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2024 2023-07-01 – 2024-06-30

  • Revenue USD 461,000 100% of revenue
  • Operating costs Derived USD 969,000 210% of revenue
  • Operating income −USD 508,000 −110% of revenue
  • Tax, interest and other Derived USD 550,000 119% of revenue
  • Net income −USD 1.06 million −230% of revenue

Cash

  • Operating cash flow −USD 496,000 −108% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2015 Operating loss: operating costs were 143% of revenue.
  • 2016 Operating loss: operating costs were 164% of revenue.
  • 2017 Operating loss: operating costs were 341% of revenue.
  • 2018 Operating loss: operating costs were 174% of revenue.
  • 2019 Operating loss: operating costs were 556% of revenue.
  • 2020 Operating loss: operating costs were 502% of revenue.
  • 2021 Operating loss: operating costs were 278% of revenue.
  • 2022 Operating loss: operating costs were 263% of revenue.
  • 2023 Operating loss: operating costs were 307% of revenue.
  • 2024 Operating loss: operating costs were 210% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2015 2014-07-01 – 2015-06-30945807 1353794 Derived -407987 499487 Derived -907474 Unavailable
Source
2016 2015-07-01 – 2016-06-30681088 1119262 Derived -438174 859914 Derived -1298088 Unavailable
Source
2017 2016-07-01 – 2017-06-30325536 1109569 Derived -784033 585774 Derived -1369807 Unavailable
Source
2018 2017-07-01 – 2018-06-30498481 866333 Derived -367852 -349642 Derived -18210 Unavailable
Source
2019 2018-07-01 – 2019-06-30120000 667000 Derived -547000 302000 Derived -849000 Unavailable
Source
2020 2019-07-01 – 2020-06-30100000 502000 Derived -402000 174000 Derived -576000 Unavailable
Source
2021 2020-07-01 – 2021-06-30389000 1083000 Derived -694000 397000 Derived -1091000 Unavailable
Source
2022 2021-07-01 – 2022-06-30353000 927000 Derived -574000 -68000 Derived -506000 Unavailable
Source
2023 2022-07-01 – 2023-06-30356000 1094000 Derived -738000 496000 Derived -1234000 Unavailable
Source
2024 2023-07-01 – 2024-06-30461000 969000 Derived -508000 550000 Derived -1058000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 461K 2024
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.0M766.1K510.7K255.4K0.0201520202024
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Revenue945807
2016Revenue681088
2017Revenue325536
2018Revenue498481
2019Revenue120000
2020Revenue100000
2021Revenue389000
2022Revenue353000
2023Revenue356000
2024Revenue461000

Revenue growth

Change in revenue from the same financial period one year earlier.

29.5% 2024
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.318%212%107%1%-105%201520202024
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2015Year over year-42.2%
2016Year over year-28%
2017Year over year-52.2%
2018Year over year53.1%
2019Year over year-75.9%
2020Year over year-16.7%
2021Year over year289%
2022Year over year-9.3%
2023Year over year0.8%
2024Year over year29.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -110.2% 2024
Net margin -229.5% 2024
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.57%-149%-354%-559%-764%201520202024
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2015Operating margin-43.1%
2016Operating margin-64.3%
2017Operating margin-240.8%
2018Operating margin-73.8%
2019Operating margin-455.8%
2020Operating margin-402%
2021Operating margin-178.4%
2022Operating margin-162.6%
2023Operating margin-207.3%
2024Operating margin-110.2%
2015Net margin-95.9%
2016Net margin-190.6%
2017Net margin-420.8%
2018Net margin-3.7%
2019Net margin-707.5%
2020Net margin-576%
2021Net margin-280.5%
2022Net margin-143.3%
2023Net margin-346.6%
2024Net margin-229.5%
2015Free cash flow marginNot reported
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD -496K 2024
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.82.4K-216.4K-515.3K-814.2K-1.1M201520202024
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Operating cash flow-192903
2016Operating cash flow-812094
2017Operating cash flow-1030580
2018Operating cash flow-506919
2019Operating cash flow-450000
2020Operating cash flow-380000
2021Operating cash flow-672000
2022Operating cash flow-675000
2023Operating cash flow-499000
2024Operating cash flow-496000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Free cash flowUnavailable
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

7,469.7% 2024
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.12,762%9,571%6,381%3,190%0%201520202024
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2015Liabilities / assets1,637.2%
2016Liabilities / assets2,219.6%
2017Liabilities / assets6,369.6%
2018Liabilities / assets3,045%
2019Liabilities / assets5,146.7%
2020Liabilities / assets2,497.1%
2021Liabilities / assets2,861%
2022Liabilities / assets9,512.7%
2023Liabilities / assets11,816.2%
2024Liabilities / assets7,469.7%

Current assets to current liabilities

Current assets divided by current liabilities.

0.01× 2024
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.0.04×0.03×0.02×0.01×0.00×201520202024
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2015Current assets / current liabilities0.02×
2016Current assets / current liabilities0.02×
2017Current assets / current liabilities0.01×
2018Current assets / current liabilities0.03×
2019Current assets / current liabilities0.02×
2020Current assets / current liabilities0.04×
2021Current assets / current liabilities0.04×
2022Current assets / current liabilities0.01×
2023Current assets / current liabilities0.01×
2024Current assets / current liabilities0.01×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2015 2014-07-01 – 2015-06-30
−USD 907,474
Exact value

Exact value: -907474 USD

2014-07-01 – 2015-06-30: -907474 USD Inspect Net Income Open source
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−USD 192,903
Exact value

Exact value: -192903 USD

2014-07-01 – 2015-06-30: -192903 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2016 2015-07-01 – 2016-06-30
−USD 1.3 million
Exact value

Exact value: -1298088 USD

2015-07-01 – 2016-06-30: -1298088 USD Inspect Net Income Open source
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−USD 812,094
Exact value

Exact value: -812094 USD

2015-07-01 – 2016-06-30: -812094 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2016-07-01 – 2017-06-30
−USD 1.37 million
Exact value

Exact value: -1369807 USD

2016-07-01 – 2017-06-30: -1369807 USD Inspect Net Income Open source
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−USD 1.03 million
Exact value

Exact value: -1030580 USD

2016-07-01 – 2017-06-30: -1030580 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2017-07-01 – 2018-06-30
−USD 18,210
Exact value

Exact value: -18210 USD

2017-07-01 – 2018-06-30: -18210 USD Inspect Net Income Open source
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−USD 506,919
Exact value

Exact value: -506919 USD

2017-07-01 – 2018-06-30: -506919 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2018-07-01 – 2019-06-30
−USD 849,000
Exact value

Exact value: -849000 USD

2018-07-01 – 2019-06-30: -849000 USD Inspect Net Income Open source
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−USD 450,000
Exact value

Exact value: -450000 USD

2018-07-01 – 2019-06-30: -450000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2019-07-01 – 2020-06-30
−USD 576,000
Exact value

Exact value: -576000 USD

2019-07-01 – 2020-06-30: -576000 USD Inspect Net Income Open source
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−USD 380,000
Exact value

Exact value: -380000 USD

2019-07-01 – 2020-06-30: -380000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2020-07-01 – 2021-06-30
−USD 1.09 million
Exact value

Exact value: -1091000 USD

2020-07-01 – 2021-06-30: -1091000 USD Inspect Net Income Open source
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−USD 672,000
Exact value

Exact value: -672000 USD

2020-07-01 – 2021-06-30: -672000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2021-07-01 – 2022-06-30
−USD 506,000
Exact value

Exact value: -506000 USD

2021-07-01 – 2022-06-30: -506000 USD Inspect Net Income Open source
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−USD 675,000
Exact value

Exact value: -675000 USD

2021-07-01 – 2022-06-30: -675000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2022-07-01 – 2023-06-30
−USD 1.23 million
Exact value

Exact value: -1234000 USD

2022-07-01 – 2023-06-30: -1234000 USD Inspect Net Income Open source
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−USD 499,000
Exact value

Exact value: -499000 USD

2022-07-01 – 2023-06-30: -499000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2023-07-01 – 2024-06-30
−USD 1.06 million
Exact value

Exact value: -1058000 USD

2023-07-01 – 2024-06-30: -1058000 USD Inspect Net Income Open source
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−USD 496,000
Exact value

Exact value: -496000 USD

2023-07-01 – 2024-06-30: -496000 USD Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

129 filings · 2,892 latest values · 2,892 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000773318, 773318, VRTC, edgar:773318

Also known as VERITEC INC, VERITEC, INC.