FOCUS UNIVERSAL INC. FCUV
Company History and Background.
"we," "us," or "our") is a Nevada corporation. We are based in the city of Ontario, California, and
our securities traded on the Nasdaq Capital Market. From January 28, 2022, to September 22, 2024, our securities traded on the Nasdaq
Global Market. On September 23, 2024, our securities were transferred for trading to the Nasdaq Capital Market. We hold 28 patents and
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Corporate And Io T
- Perfecular And Lusher
| Segment | FY2025 | FY2024 |
|---|---|---|
| Corporate And Io T | $229.0K | $372.1K |
| Perfecular And Lusher | $26.0K | $26.1K |
As the company reported it, from the “Segment Reporting (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $255.0K | $398.1K | $440.5K | $303.8K | $1.4M | $1.7M | $1.5M | $308.1K | $898.1K | $1.1M |
| Cost of revenue | $290.3K | $387.9K | $380.9K | $330.9K | $1.1M | $1.4M | $1.3M | $137.9K | $726.3K | $866.6K |
| Gross profit | -$35.3K | $10.2K | $59.7K | $22.7K | $297.2K | $283.8K | $118.2K | $170.2K | $171.8K | $255.4K |
| R&D | $920.0K | $1.4M | $1.3M | $1.1M | $220.5K | $256.6K | $255.2K | $221.5K | $208.2K | $201.9K |
| SG&A | $2.1M | $2.1M | $1.7M | $2.1M | $1.4M | $1.3M | $1.1M | $451.6K | $256.2K | $256.2K |
| Total operating expenses | $4.9M | $6.2M | $5.0M | $5.2M | $3.3M | $4.4M | $3.4M | $1.8M | $692.4K | $722.4K |
| Operating income | -$4.9M | -$6.2M | -$5.0M | -$5.2M | -$3.0M | -$2.7M | -$3.3M | -$1.6M | -$520.5K | -$467.0K |
| Interest expense | $70.0K | $40.9K | $38.3K | $3.9K | $37.6K | $4.1K | $2.3K | $440.9K | $105.8K | $91 |
| Pre-tax income | -$4.8M | -$3.2M | -$4.7M | -$4.9M | -$3.2M | -$2.5M | -$3.2M | -$2.0M | -$626.4K | -$466.9K |
| Income tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $694 | $495 |
| Net income | -$4.8M | -$3.2M | -$4.7M | -$4.9M | -$3.2M | -$2.5M | -$3.2M | -$2.0M | -$626.4K | -$467.4K |
| EPS, basic | -7.07 | -4.77 | -0.78 | -0.08 | -0.08 | — | — | — | — | — |
| EPS, diluted | -7.07 | -4.77 | -0.78 | -0.08 | -0.08 | -0.06 | -0.08 | -0.05 | -0.02 | -0.01 |
| Shares, diluted (wtd. avg.) | 742,201 | 671,513 | 6.0M | 65.1M | 41.7M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $7.9M | $3.6M | $428.3K | $4.3M | $8.7M | $583.3K | — | — | $394.4K | $340.1K |
| Receivables | $7.1K | $5.6K | $13.5K | $78.3K | $177.3K | $190.6K | $137.3K | $10.9K | $26.3K | $25.6K |
| Inventory | $99.8K | $126.1K | $282.1K | $103.8K | $22.9K | $42.5K | $62.9K | $69.8K | $47.4K | $68.5K |
| Total current assets | $8.6M | $3.8M | $1.0M | $4.8M | $9.2M | $1.0M | $2.4M | $4.7M | $477.0K | $452.4K |
| Property, plant and equipment | $66.7K | $60.5K | $4.1M | $4.2M | $4.4M | $4.5M | $4.7M | $4.6M | $6.3K | $8.5K |
| Other intangibles | — | — | — | — | — | — | $48.0K | $0 | — | — |
| Total assets | $8.9M | $4.1M | $5.3M | $9.3M | $14.0M | $5.6M | $7.2M | $9.3M | $490.5K | $485.7K |
| Accounts payable | $358.0K | $702.1K | $435.0K | $267.7K | $293.4K | $198.9K | $192.5K | $163.7K | $449.3K | $368.5K |
| Total current liabilities | $366.5K | $877.0K | $1.7M | $1.4M | $571.4K | $527.6K | $433.0K | $212.0K | $481.8K | $431.4K |
| Total liabilities | $366.5K | $885.1K | $1.8M | $1.6M | $899.8K | $788.7K | $540.0K | $212.0K | $563.1K | $431.9K |
| Retained earnings | -$31.0M | -$25.8M | -$22.6M | -$17.9M | -$12.9M | -$9.7M | -$7.2M | -$4.0M | -$2.0M | -$1.4M |
| Total equity | $2.6M | $3.2M | $3.5M | $7.8M | $13.1M | $4.8M | $6.7M | $9.1M | -$72.6K | $53.8K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.1M | -$4.7M | -$3.5M | -$3.0M | -$2.0M | -$2.0M | -$1.7M | -$1.4M | -$445.7K | -$400.8K |
| Depreciation and amortisation | $23.8K | $73.6K | $168.0K | $166.3K | $162.2K | $162.2K | $151.7K | $28.0K | $2.2K | $1.1K |
| Stock-based compensation | — | — | — | $0 | $48.0K | $48.0K | $75.2K | $541.4K | $0 | $0 |
| Capital expenditure | $28.1K | $18.7K | $20.6K | $42.2K | $23.0K | $1.3K | $11.1K | $4.6M | $0 | $8.2K |
| Investing cash flow | -$185.8K | $7.1M | $54.1K | -$211.3K | -$23.0K | -$1.3K | -$565.1K | -$4.6M | $0 | -$8.2K |
| Financing cash flow | $9.6M | $706.1K | -$434.0K | -$1.2M | $10.1M | $346.9K | $0 | $10.1M | $500.0K | -$82.9K |
| Buybacks | $494.4K | $669.9K | $1.4M | $1.0M | $0 | — | — | — | — | — |
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 0001683168-26-003202.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1M | $898.1K | $308.1K | $1.5M | $1.7M | $1.4M | $303.8K | $440.5K | $398.1K | $255.0K |
| Gross profit | $255.4K | $171.8K | $170.2K | $118.2K | $283.8K | $297.2K | $22.7K | $59.7K | $10.2K | -$35.3K |
| Net income | -$467.4K | -$626.4K | -$2.0M | -$3.2M | -$2.5M | -$3.2M | -$4.9M | -$4.7M | -$3.2M | -$4.8M |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Material agreement signed Item 1.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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