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* Free cash flow = OCF − net investing outflow (the filings carry no standalone capex line).
Dividends declared (per SOCE filings): FY2022 0 · FY2023 0 · FY2024 0
Georgian digital services / IT company. Limited public information available beyond the Reportal filing.
Group parent — controls 2 companies · ownership
| Ratio | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Margins | ||||||
| Gross Margin | 53.2% | 27.5% | 17.5% | 21.0% | 9.2% | 22.9% |
| EBITDA Margin | -984.1% | -125.2% | -99.5% | -98.0% | -90.6% | -64.9% |
| EBITDAR | -2,956 | -3,805 | -6,091 | -8,821 | -11,538 | -15,649 |
| EBITDAR Margin | -984.1% | -125.2% | -99.5% | -98.0% | -90.6% | -64.9% |
| EBIT Margin | -1040.0% | -145.8% | -108.3% | -104.3% | -96.2% | -69.8% |
| Net Profit Margin | -1169.4% | -160.2% | -108.7% | -128.6% | -97.9% | -44.2% |
| Operating Expense % of Sales | 1037.4% | 154.4% | 117.0% | 119.0% | 99.8% | 87.9% |
| Returns | ||||||
| Return on Assets (ROA) | -69.6% | -39.2% | -51.9% | -73.9% | -34.9% | -19.7% |
| Return on Equity (ROE) | N/A | -45.7% | -61.6% | -88.3% | -46.9% | -26.5% |
| ROIC [EBIT / Invested Capital] | -74.0% | -55.3% | -63.6% | -73.2% | -53.8% | -35.4% |
| Leverage & debt balances | ||||||
| Debt-to-Assets | 169.6% | 7.5% | 4.7% | 3.0% | 0.5% | 14.9% |
| Debt-to-Equity | -2.32x | 0.09x | 0.06x | 0.04x | 0.01x | 0.20x |
| Debt-to-EBITDA | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity-to-Assets | -73.0% | 85.9% | 84.2% | 83.8% | 74.3% | 74.5% |
| Net Debt | 7,903 | -2,646 | -372 | -290 | -3,812 | 7,320 |
| Cash & Equivalents | 651 | 3,578 | 972 | 768 | 3,973 | 709 |
| Total Debt | 8,554 | 931 | 601 | 478 | 162 | 8,029 |
| Liquidity & working capital | ||||||
| Current Ratio | 0.12x | 3.70x | 1.30x | 0.88x | 1.10x | 0.96x |
| Quick Ratio | 0.12x | 3.41x | 0.82x | 0.53x | 0.82x | 0.54x |
| Cash Ratio | 0.08x | 3.22x | 0.60x | 0.30x | 0.43x | 0.06x |
| Total Current Assets | 983 | 4,108 | 2,088 | 2,243 | 10,091 | 11,636 |
| Total Current Liabilities | 7,974 | 1,111 | 1,611 | 2,538 | 9,190 | 12,059 |
| Inventory | 2 | 320 | 762 | 886 | 2,568 | 5,168 |
| Trade Receivables | 8 | 80 | 147 | 332 | 2,968 | 501 |
| Trade Payables | 141 | 272 | 500 | 705 | 3,827 | 4,530 |
| Net Working Capital | -6,991 | 2,998 | 477 | -295 | 901 | -423 |
| Net Working Capital % of Revenue | -2327.5% | 98.7% | 7.8% | -3.3% | 7.1% | -1.8% |
| Trade Working Capital | -130 | 128 | 409 | 513 | 1,710 | 1,139 |
| Trade Working Capital % of Revenue | -43.3% | 4.2% | 6.7% | 5.7% | 13.4% | 4.7% |
| Change in Trade Working Capital | N/A | 258 | 281 | 105 | 1,196 | -570 |
| Turnover & efficiency | ||||||
| Inventory Turnover | 67.93x | 6.88x | 6.63x | 8.03x | 4.50x | 3.59x |
| Days Inventory Outstanding (DIO) | 5.4 | 53.1 | 55.1 | 45.5 | 81.1 | 101.6 |
| Receivables Turnover | 35.60x | 37.98x | 41.68x | 27.13x | 4.29x | 48.07x |
| Days Sales Outstanding (DSO) | 10.3 | 9.6 | 8.8 | 13.5 | 85.0 | 7.6 |
| Payables Turnover | 1.00x | 8.10x | 10.10x | 10.09x | 3.02x | 4.10x |
| Days Payable Outstanding (DPO) | 365.3 | 45.1 | 36.1 | 36.2 | 120.8 | 89.0 |
| Cash Conversion Cycle | -349.7 days | 17.6 days | 27.7 days | 22.8 days | 45.3 days | 20.1 days |
| Asset Turnover | 0.06x | 0.25x | 0.48x | 0.57x | 0.36x | 0.45x |
| Cash flow & dividends | ||||||
| Operating Cash Flow | -3,428 | -3,650 | -5,365 | -6,086 | -12,063 | -21,726 |
| Free Cash Flow (OCF − Capex proxy) | -7,492 | -8,414 | -9,189 | -13,840 | -21,413 | -31,950 |
| Cash Conversion (OCF / EBITDA) | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Declared | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
Money rows — EBITDAR, net debt, cash, total debt, operating and free cash flow, dividends declared — are in GEL, thousands. Margins, returns and payout are percentages; turnover and leverage are multiples; DIO/DSO/DPO are days. Hover a metric name for its definition.
Shareholders, directors and group links from the companyinfo.ge public register — as filed, so stakes need not sum to 100% where a holding is undisclosed.
Ownership & directors from companyinfo.ge (public corporate registry).
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