BIG SKY INDUSTRIAL INC. BSIN
Please see the "Glossary of Oil, Natural and Industrial Gas Terms" above for a list of abbreviations and definitions used throughout this Report.
Our fiscal year ends on December 31st. Interim results are presented on a quarterly basis for the quarters ended March 31st, June 30th, and September 30th, the first quarter, second quarter and third quarter, respectively, with the quarter ending December 31st being referenced herein as our fourth quarter. Fiscal 2025 means the year ended December 31, 2025, whereas fiscal 2024 means the year ended December 31, 2024.
In addition, unless the context otherwise requires and for the purposes of this Report only:
"SEC" or the "Commission" refers to the United States Securities and Exchange Commission; and
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.4M | $20.6M | $32.3M | $44.6M | $6.7M | $2.3M | $6.6M | $5.5M | $6.5M | — |
| SG&A | $8.1M | $8.2M | $11.5M | $11.2M | $4.6M | — | — | — | — | — |
| Total operating expenses | $21.7M | $46.3M | $67.4M | $41.0M | $8.1M | $7.7M | $7.4M | $6.7M | $7.5M | $17.7M |
| Operating income | -$14.4M | -$25.7M | -$35.0M | $3.5M | -$1.4M | -$5.4M | -$790.0K | -$1.1M | -$989.0K | -$11.9M |
| Interest expense | $208.0K | $442.0K | $1.1M | $544.0K | $57.0K | $14.0K | $11.0K | $93.0K | $513.0K | $442.0K |
| Pre-tax income | -$14.4M | -$25.6M | -$33.2M | -$2.9M | -$1.8M | -$6.5M | -$550.0K | -$1.0M | -$1.4M | -$11.7M |
| Income tax | $6.0K | $20.0K | $891.0K | $1.9M | — | $42.0K | — | — | — | — |
| Net income | -$14.4M | -$25.7M | -$32.4M | -$963.0K | -$1.8M | -$6.4M | -$550.0K | -$1.0M | -$1.4M | -$14.1M |
| EPS, basic | -0.43 | -0.96 | -1.28 | -0.04 | -0.39 | -3.94 | -0.69 | -1.06 | -0.28 | -3.01 |
| EPS, diluted | -0.43 | -0.96 | -1.28 | -0.04 | -0.39 | -3.94 | -0.69 | -1.06 | -0.28 | -3.01 |
| Shares, diluted (wtd. avg.) | $33.8M | $26.7M | $25.3M | $24.7M | $4.5M | $1.6M | $1.3M | $1.3M | $5.9K | $4.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $429.0K | $7.7M | $3.4M | $4.4M | $4.4M | $2.9M | $1.5M | $2.3M | $3.3M | $2.5M |
| Short-term investments | $146.0K | $131.0K | $164.0K | $107.0K | $191.0K | $181.0K | $307.0K | — | — | — |
| Receivables | $454.0K | $1.3M | $2.3M | $3.2M | $933.0K | $514.0K | $716.0K | $697.0K | $687.0K | $562.0K |
| Total current assets | $2.0M | $9.7M | $8.4M | $8.4M | $6.0M | $4.7M | $2.7M | $3.7M | $5.9M | $4.9M |
| Property, plant and equipment | $318.0K | $660.0K | $899.0K | $651.0K | $188.0K | $25.0K | $2.1M | $2.2M | $1.7M | $1.9M |
| Total assets | $40.6M | $49.7M | $80.4M | $118.3M | $17.7M | $12.4M | $13.5M | $14.8M | $15.3M | $16.8M |
| Accounts payable | $1.5M | $5.1M | $4.1M | $4.3M | $1.4M | $1.5M | $974.0K | $670.0K | $707.0K | — |
| Short-term debt | — | — | — | — | — | — | — | — | $600.0K | $6.0M |
| Total current liabilities | $6.0M | $12.0M | $11.1M | $11.5M | $2.7M | $2.2M | $1.2M | $1.7M | $1.6M | $10.9M |
| Long-term debt | — | — | — | — | — | — | — | — | $937.0K | — |
| Total liabilities | $16.4M | $25.5M | $33.9M | $40.0M | $4.2M | $3.8M | $2.3M | $3.1M | — | — |
| Retained earnings | -$211.9M | -$197.5M | -$171.8M | -$138.6M | -$135.9M | -$134.1M | -$127.7M | -$127.1M | -$125.2M | -$123.8M |
| Total equity | $24.2M | $24.2M | $46.8M | $78.4M | $13.4M | $8.6M | $9.2M | $9.7M | $8.7M | $1.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7.1M | $4.6M | $5.5M | $10.9M | -$153.0K | -$717.0K | $638.0K | -$490.0K | -$892.0K | -$1.4M |
| Depreciation and amortisation | $3.6M | $8.3M | $11.2M | $9.6M | $589.0K | $467.0K | $693.0K | $393.0K | $753.0K | $2.5M |
| Stock-based compensation | $1.9M | $1.3M | $2.3M | $3.0M | $549.0K | $211.0K | $41.0K | $636.0K | $323.0K | $213.0K |
| Capital expenditure | — | — | — | $435.0K | $196.0K | — | — | $11.0K | $299.0K | $194.0K |
| Investing cash flow | -$11.9M | $5.8M | $2.8M | -$16.9M | -$3.3M | -$1.1M | -$281.0K | -$1.3M | $1.7M | -$194.0K |
| Financing cash flow | $11.7M | -$6.0M | -$9.4M | $6.0M | $5.0M | $3.1M | -$1.2M | $863.0K | -$50.0K | $1.2M |
| Dividends paid | — | $0 | $1.2M | $1.7M | — | — | — | — | — | — |
| Buybacks | $316.0K | $788.0K | $368.0K | $0 | — | — | — | — | — | $3.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-011411.
Others in SIC 1311
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|---|---|---|---|---|
| EOG | EOG RESOURCES INC | $76.16B | 15.9x | -4.5% |
| OXY | OCCIDENTAL PETROLEUM CORP /DE/ | $60.02B | 37.3x | -5.0% |
| FANG | Diamondback Energy, Inc. | $55.79B | 34.8x | 35.8% |
| DVN | DEVON ENERGY CORP/DE | $52.87B | 11.5x | 5.4% |
| EQT | EQT Corp | $34.51B | 16.7x | 63.9% |
| EXE | EXPAND ENERGY Corp | $23.42B | 12.9x | 186.3% |
| PR | Permian Resources Corp | $19.57B | 18.2x | 1.3% |
| OVV | Ovintiv Inc. | $17.84B | 13.5x | -3.1% |