Is Embark Technology, Inc. (EMBK) a Buy, Sell, or Hold?
NASDAQ : EMBK
Embark Technology, Inc. — Financials
$2.88 USD
$0.01 (0.35%)
- Volume
- 129.7K
- Average Volume
- 250.36K
- Market Capitalization
- $70.2M
- P/E Ratio
- -1.22
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $26.20
- Year Low
- $2.02
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $19.11
EMBK Financial Statements
| date | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|
| revenue | - | - | - |
| costOfRevenue | - | - | - |
| grossProfit | - | - | - |
| researchAndDevelopmentExpenses | 79.21M | 55.28M | 18.83M |
| generalAndAdministrativeExpenses | 74.45M | 48.39M | 3.6M |
| sellingAndMarketingExpenses | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 74.45M | 48.39M | 3.6M |
| otherExpenses | -318K | -12.48M | 107K |
| operatingExpenses | 153.66M | 103.66M | 22.43M |
| costAndExpenses | 153.66M | 103.66M | 22.43M |
| netInterestIncome | 1.86M | -8.06M | 788K |
| interestIncome | 2.22M | 98000 | 788K |
| interestExpense | 360K | 8.16M | - |
| depreciationAndAmortization | 6.98M | 1.07M | 1.72M |
| ebitda | -146.68M | -114.98M | -20.71M |
| ebit | -102.8M | -116.05M | -22.43M |
| nonOperatingIncomeExcludingInterest | -50.86M | 12.39M | - |
| operatingIncome | -153.66M | -103.66M | -22.43M |
| totalOtherIncomeExpensesNet | 50.5M | -20.55M | 895K |
| incomeBeforeTax | -103.16M | -124.21M | -21.53M |
| incomeTaxExpense | -48.96M | -4.32M | 107K |
| netIncomeFromContinuingOperations | -54.21M | -119.89M | -21.64M |
| netIncomeFromDiscontinuedOperations | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - |
| netIncome | -54.21M | -119.89M | -21.64M |
| netIncomeDeductions | - | - | - |
| bottomLineNetIncome | -54.21M | -119.89M | -21.64M |
| eps | -2.36 | -12.94 | -0.96 |
| date | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|
| cashAndCashEquivalents | 157.62M | 264.62M | 11.06M |
| shortTermInvestments | - | - | 53.55M |
| cashAndShortTermInvestments | 157.62M | 264.62M | 64.61M |
| netReceivables | 494K | 494K | 695K |
| accountsReceivables | - | - | - |
| otherReceivables | 494K | 494K | 695K |
| inventory | -494K | - | 713K |
| prepaids | - | - | - |
| otherCurrentAssets | 7.95M | 104K | 24000 |
| totalCurrentAssets | 165.57M | 277.49M | 66.04M |
| propertyPlantEquipmentNet | 42.57M | 9.64M | 6.53M |
| goodwill | - | - | - |
| intangibleAssets | - | 4000 | 3000 |
| goodwillAndIntangibleAssets | - | 4000 | 3000 |
| longTermInvestments | - | - | - |
| taxAssets | - | - | - |
| otherNonCurrentAssets | 6.59M | 3.87M | 415K |
| totalNonCurrentAssets | 49.16M | 13.51M | 6.94M |
| otherAssets | - | - | - |
| totalAssets | 214.73M | 291M | 72.98M |
| totalPayables | 1.04M | 2.5M | 399K |
| accountPayables | 1.04M | 2.5M | 399K |
| otherPayables | - | - | - |
| accruedExpenses | - | - | - |
| shortTermDebt | 3.74M | 358K | 246K |
| capitalLeaseObligationsCurrent | - | - | - |
| taxPayables | - | 47000 | 47000 |
| deferredRevenue | - | 3.1M | 881K |
| otherCurrentLiabilities | 3.88M | 38000 | 11000 |
| totalCurrentLiabilities | 8.66M | 6M | 1.54M |
| longTermDebt | 20.52M | 722K | 512K |
| capitalLeaseObligationsNonCurrent | - | - | - |
| deferredRevenueNonCurrent | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - |
| otherNonCurrentLiabilities | 573K | 49.65M | 130K |
| totalNonCurrentLiabilities | 21.09M | 50.37M | 642K |
| otherLiabilities | - | - | - |
| capitalLeaseObligations | - | - | - |
| totalLiabilities | 29.76M | 56.36M | 2.18M |
| treasuryStock | - | - | - |
| preferredStock | - | - | 1000 |
| commonStock | 2000 | 45000 | - |
| retainedEarnings | -286.07M | -182.9M | -58.69M |
| additionalPaidInCapital | - | - | - |
| date | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|
| netIncome | -103.16M | -124.21M | -21.53M |
| depreciationAndAmortization | 5.08M | 1.07M | 822K |
| deferredIncomeTax | - | 12.8M | - |
| stockBasedCompensation | 49.89M | 47.61M | 842K |
| changeInWorkingCapital | -769K | -11.48M | 511K |
| accountsReceivables | - | - | - |
| inventory | - | - | - |
| accountsPayables | -1.52M | 1.96M | 151K |
| otherWorkingCapital | 750K | -13.44M | 360K |
| otherNonCashItems | -48.44M | 8.16M | 226K |
| netCashProvidedByOperatingActivities | -97.41M | -66.05M | -19.13M |
| investmentsInPropertyPlantAndEquipment | -10.41M | -3.79M | -2.19M |
| acquisitionsNet | - | - | - |
| purchasesOfInvestments | - | - | -52.42M |
| salesMaturitiesOfInvestments | - | 53.24M | 74.25M |
| otherInvestingActivities | 399K | 87000 | 778K |
| netCashProvidedByInvestingActivities | -10.02M | 49.53M | 20.42M |
| netDebtIssuance | - | - | - |
| longTermNetDebtIssuance | - | - | - |
| shortTermNetDebtIssuance | - | - | - |
| netStockIssuance | - | - | - |
| netCommonStockIssuance | - | - | - |
| commonStockIssuance | 666K | - | - |
| commonStockRepurchased | - | - | - |
| netPreferredStockIssuance | - | - | - |
| netDividendsPaid | - | - | - |
| commonDividendsPaid | - | - | - |
| preferredDividendsPaid | - | - | - |
| otherFinancingActivities | 902K | 270.08M | -154K |
| netCashProvidedByFinancingActivities | 902K | 270.08M | -154K |
| date | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| revenue | - | - | - | - | - | - | - | - | - |
| costOfRevenue | - | - | - | - | - | - | - | - | - |
| grossProfit | - | - | - | - | - | - | - | - | - |
| researchAndDevelopmentExpenses | 14.46M | 19.79M | 21.69M | 19.04M | 18.7M | 28.45M | 11.48M | 9.11M | 6.23M |
| generalAndAdministrativeExpenses | 17.85M | 17.71M | 16.05M | 18.76M | 21.93M | 36.8M | 4.59M | 4.7M | 2.29M |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 17.85M | 17.71M | 16.05M | 18.76M | 21.93M | 36.8M | 4.59M | 4.7M | 2.29M |
| otherExpenses | 261K | 95000 | 181K | -620K | 26000 | -6.72M | 12000 | -3000 | 9000 |
| operatingExpenses | 32.31M | 37.5M | 37.74M | 37.81M | 40.62M | 65.26M | 16.07M | 13.81M | 8.52M |
| costAndExpenses | 32.31M | 37.5M | 37.74M | 37.81M | 40.62M | 65.26M | 16.07M | 13.81M | 8.52M |
| netInterestIncome | 1.78M | 1.26M | 758K | -151K | -8000 | -4.41M | -2.04M | -1.64M | 30000 |
| interestIncome | 1.81M | 1.29M | 758K | 160K | 13000 | 15000 | 13000 | 40000 | 30000 |
| interestExpense | 29000 | 28000 | - | 311K | 21000 | 4.43M | 2.06M | 1.68M | - |
| depreciationAndAmortization | 36.53M | 3.18M | 2.38M | 507K | 910K | 318K | 282K | 252K | 222K |
| ebitda | -28.6M | -34.31M | -35.36M | -13.51M | -17.52M | -71.64M | -14.73M | -22.87M | -8.26M |
| ebit | -63.03M | -34.95M | -37.74M | -14.01M | -18.43M | -71.96M | -15.01M | -23.12M | -8.52M |
| nonOperatingIncomeExcludingInterest | -2.1M | -2.54M | - | -23.79M | -22.2M | 6.7M | -1.06M | 9.31M | - |
| operatingIncome | -65.13M | -37.5M | -37.74M | -37.81M | -40.62M | -65.26M | -16.07M | -13.81M | -8.52M |
| totalOtherIncomeExpensesNet | 2.07M | 2.52M | 2.33M | 23.48M | 22.17M | -11.13M | -3.04M | 1.57M | 39000 |
| incomeBeforeTax | -63.06M | -34.98M | -35.41M | -14.32M | -18.45M | -76.39M | -19.12M | -20.23M | -8.48M |
| incomeTaxExpense | 32.79M | -1.16M | -1.39M | -24.25M | -22.16M | - | - | - | - |
| netIncomeFromContinuingOperations | -95.85M | -33.82M | -34.02M | 9.93M | 3.71M | -76.39M | -19.12M | -20.23M | -8.48M |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - |
| netIncome | -95.85M | -33.82M | -34.02M | 9.93M | 3.71M | -76.39M | -19.12M | -20.23M | -8.48M |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | -95.85M | -33.82M | -34.02M | 9.93M | 3.71M | -76.39M | -19.12M | -20.23M | -8.48M |
| eps | -4.06 | -1.47 | -1.47 | 0.43 | 0.16 | -4.88 | -0.85 | -0.9 | -0.38 |
| date | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 126.2M | 157.62M | 191.04M | 220.4M | 244.49M | 264.62M | 47.89M | 296.27K | 933.4K |
| shortTermInvestments | - | - | - | - | - | - | 5M | - | - |
| cashAndShortTermInvestments | 126.2M | 157.62M | 191.04M | 220.4M | 244.49M | 264.62M | 52.89M | 296.27K | 933.4K |
| netReceivables | 494K | 494K | 494K | 493K | 494K | 494K | 520K | - | - |
| accountsReceivables | - | - | - | - | - | - | - | - | - |
| otherReceivables | 494K | 494K | 494K | 493K | 494K | 494K | 520K | - | - |
| inventory | 6.38M | -494K | - | - | - | - | 2.14M | - | - |
| prepaids | - | - | - | - | - | - | - | - | - |
| otherCurrentAssets | 1.12M | 7.95M | 122K | 498K | 475K | 104K | 4.14M | 208.26K | 301.17K |
| totalCurrentAssets | 134.2M | 165.57M | 200.52M | 226.89M | 256.56M | 277.49M | 59.69M | 504.53K | 1.23M |
| propertyPlantEquipmentNet | 14.15M | 42.57M | 40.63M | 21.04M | 17.18M | 9.64M | 8.53M | - | - |
| goodwill | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | 3000 | 4000 | 3000 | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | 3000 | 4000 | 3000 | - | - |
| longTermInvestments | - | - | - | - | - | - | - | - | - |
| taxAssets | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | 5.08M | 6.59M | 7.18M | 8.03M | 4.53M | 3.87M | 3.64M | 414.02M | 414.01M |
| totalNonCurrentAssets | 19.23M | 49.16M | 47.8M | 29.07M | 21.72M | 13.51M | 12.18M | 414.02M | 414.01M |
| otherAssets | - | - | - | - | - | - | - | - | - |
| totalAssets | 153.44M | 214.73M | 248.32M | 255.96M | 278.28M | 291M | 71.86M | 414.53M | 415.24M |
| totalPayables | 909K | 1.04M | 2.76M | 4.44M | 4.1M | 2.5M | 3.17M | - | - |
| accountPayables | 909K | 1.04M | 2.76M | 4.44M | 4.1M | 2.5M | 3.17M | - | - |
| otherPayables | - | - | - | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - | - | - | - | - |
| shortTermDebt | 2.98M | 3.74M | 3.74M | 2.57M | 2.3M | 358K | 20.85M | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | 47000 | 47000 | - | - |
| deferredRevenue | - | - | - | - | - | 3.1M | 6.33M | - | - |
| otherCurrentLiabilities | 7.9M | 3.88M | 9.23M | 6.63M | 6.15M | 38000 | 14.03M | 640.6K | 109.44K |
| totalCurrentLiabilities | 11.8M | 8.66M | 15.73M | 13.64M | 12.56M | 6M | 44.38M | 640.6K | 109.44K |
| longTermDebt | 15.4M | 20.52M | 21.51M | 5.68M | 5.08M | 722K | 549K | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | 545K | 573K | 1.73M | 3.12M | 27.38M | 49.65M | 217K | 50.55M | 38.59M |
| totalNonCurrentLiabilities | 15.95M | 21.09M | 23.24M | 8.8M | 32.45M | 50.37M | 766K | 50.55M | 38.59M |
| otherLiabilities | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 27.74M | 29.76M | 38.97M | 22.44M | 45.01M | 56.36M | 45.15M | 51.19M | 38.7M |
| treasuryStock | - | - | - | - | - | - | - | - | - |
| preferredStock | - | - | - | - | - | - | 1000 | - | - |
| commonStock | 2000 | 2000 | 2000 | 46000 | 45000 | 45000 | - | 414M | 371.54M |
| retainedEarnings | -349.13M | -286.07M | -251.09M | -215.67M | -201.35M | -182.9M | -106.52M | -50.67M | 4.88M |
| additionalPaidInCapital | - | - | - | - | - | - | - | - | - |
| date | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|
| netIncome | -63.06M | -34.98M | -35.41M | -14.32M | -18.45M | -76.39M | -19.12M | -20.23M | -8.48M |
| depreciationAndAmortization | 1.64M | 1.8M | 1.44M | 967K | 871K | 318K | 282K | 252K | 222K |
| deferredIncomeTax | - | - | - | - | - | 4.98M | 1.39M | - | - |
| stockBasedCompensation | 3.61M | 9.94M | 10.92M | 12.42M | 16.6M | 45.95M | 562K | 537K | 562K |
| changeInWorkingCapital | 4.27M | -6.74M | -1.42M | 2.48M | 4.9M | -12.47M | 2.05M | -1.76M | 704K |
| accountsReceivables | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - |
| accountsPayables | -311K | -2.57M | -1.03M | 442K | 1.64M | -802K | 1.11M | 1.39M | 264K |
| otherWorkingCapital | 311K | -4.17M | -384K | 2.04M | 3.26M | -11.67M | 944K | -3.15M | 440K |
| otherNonCashItems | 23.19M | -1.16M | -1.54M | -23.59M | -22.16M | 9.4M | 3.45M | 7.91M | 203K |
| netCashProvidedByOperatingActivities | -30.34M | -31.14M | -26M | -22.04M | -18.22M | -33.19M | -12.77M | -13.29M | -6.79M |
| investmentsInPropertyPlantAndEquipment | -1.15M | -2.21M | -3.8M | -2.69M | -1.72M | -1.01M | -833K | -974K | -973K |
| acquisitionsNet | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | 5M | 13M | 17M | 18.24M |
| otherInvestingActivities | - | - | 399K | - | - | 40000 | - | 47000 | - |
| netCashProvidedByInvestingActivities | -1.15M | -2.21M | -3.4M | -2.69M | -1.72M | 4.03M | 12.17M | 16.07M | 17.27M |
| netDebtIssuance | - | - | - | - | - | - | - | - | - |
| longTermNetDebtIssuance | - | - | - | - | - | - | - | - | - |
| shortTermNetDebtIssuance | - | - | - | - | - | - | - | - | - |
| netStockIssuance | - | - | - | - | - | - | - | - | - |
| netCommonStockIssuance | - | - | - | - | - | - | - | - | - |
| commonStockIssuance | - | 666K | - | 666K | - | - | - | - | - |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | 72000 | -67000 | 177K | 642K | 287K | 245.89M | -780K | 24.94M | 28000 |
| netCashProvidedByFinancingActivities | 72000 | -67000 | 40000 | 642K | 287K | 245.89M | -780K | 24.94M | 28000 |