VivoPower PLC
VIVO · Electric & Other Services Combined · EDGAR filings ↗
Grade
F35Near-cash-out micro-cap with essentially no cash, zero runway and catastrophic margins.
Strengths
- Reported current/quick ratios ~1.3 (90th pct) are the only positive, and likely unreliable at this scale
Risks
- Cash $60K (6th pct) with cash runway of 0 quarters — imminent liquidity crisis
- Catastrophic profitability: net margin -210%, operating margin -143%, ROE -63.6%
- Negative interest coverage (-1.2) and going-concern-level distress
Notable findings
- No interest coverageInterest coverage -1.24 (cannot cover interest)
- Net lossNet loss (net margin -20970.5%)
- Cash burnNegative free cash flow (-6.7M)
Key metrics
Gross margin
18.0%
Operating margin
-14300.0%
Net margin
-20970.5%
Return on equity
-63.6%
Return on assets
-13.2%
ROIC
-14.0%
Debt / equity
1.5×
Interest coverage
-1.2×
Current ratio
1.3×
Free cash flow
-$7M
Tangible book value
$18M
Cash & investments
$60K
Cash runway
0q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2025-10-30 | 2025-06-30 | 0001493152-25-020269 ↗ |
| 20-F | 2024-12-19 | 2024-06-30 | 0001493152-24-050824 ↗ |
| 20-F | 2023-10-02 | 2023-06-30 | 0001437749-23-027411 ↗ |
| 20-F | 2022-09-16 | 2022-06-30 | 0001437749-22-022635 ↗ |
| 20-F | 2021-09-15 | 2021-06-30 | 0001437749-21-022141 ↗ |
| 20-F | 2020-09-08 | 2020-06-30 | 0001437749-20-019412 ↗ |
| 20-F | 2019-08-23 | 2019-06-30 | 0001437749-19-017368 ↗ |
| 20-F | 2019-07-12 | 2019-03-31 | 0001437749-19-013884 ↗ |
| 20-F | 2018-07-18 | 2018-03-31 | 0001437749-18-013449 ↗ |
| 20-F | 2017-08-01 | 2017-03-31 | 0001437749-17-013393 ↗ |