Company Quick10K Filing
Network CN
10-Q 2020-03-31 Filed 2020-05-14
10-K 2019-12-31 Filed 2020-03-30
10-Q 2019-09-30 Filed 2019-11-14
10-Q 2019-06-30 Filed 2019-08-14
10-Q 2019-03-31 Filed 2019-05-15
10-K 2018-12-31 Filed 2019-04-01
10-Q 2018-09-30 Filed 2018-11-14
10-Q 2018-06-30 Filed 2018-08-14
10-Q 2018-03-31 Filed 2018-05-15
10-K 2017-12-31 Filed 2018-04-16
10-Q 2017-09-30 Filed 2017-11-14
10-Q 2017-06-30 Filed 2017-08-14
10-Q 2017-03-31 Filed 2017-05-15
10-K 2016-12-31 Filed 2017-04-14
10-Q 2016-09-30 Filed 2017-04-14
10-K 2016-06-30 Filed 2017-04-14
10-Q 2016-03-31 Filed 2017-04-14
10-K 2015-12-31 Filed 2017-04-14
10-Q 2015-09-30 Filed 2015-11-13
10-Q 2015-06-30 Filed 2015-08-14
10-Q 2015-03-31 Filed 2015-05-14
10-K 2014-12-31 Filed 2015-04-15
10-Q 2014-06-30 Filed 2014-11-19
10-Q 2014-06-30 Filed 2014-11-19
10-Q 2014-03-31 Filed 2014-05-15
10-K 2013-12-31 Filed 2014-03-31
10-Q 2013-09-30 Filed 2013-11-14
10-Q 2013-06-30 Filed 2013-08-14
10-Q 2013-03-31 Filed 2013-05-28
10-K 2012-12-31 Filed 2013-05-10
10-Q 2012-09-30 Filed 2012-11-14
10-Q 2012-06-30 Filed 2012-08-14
10-Q 2012-03-31 Filed 2012-05-21
10-K 2011-12-31 Filed 2012-04-16
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-11
10-K 2010-12-31 Filed 2011-03-18
10-Q 2010-09-30 Filed 2010-11-08
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-07
10-K 2009-12-31 Filed 2010-03-31
8-K 2020-01-23 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-05-09 Enter Agreement, Sale of Shares, Exhibits
8-K 2018-03-20 Enter Agreement, Sale of Shares, Exhibits

Network CN Financials

NWCN Metrics, Comps, Filings

Quarterly | Annual

Business

Our mission is to become a nationwide leader in providing out-of-home advertising in China, primarily serving the needs of branded corporate customers. Our business direction to not just selling air-time for its media panels but also started working closely with property developers in media planning for the property at the very early stage. As a media planner we share the advertising profits with the property developers without paying significant rights fees, so we expect to achieve a positive return from these projects.

We were incorporated under the laws of the State of Delaware on September 10, 1993, under the name EC Capital Limited. Our predecessor companies were involved in a variety of businesses and were operated by various management teams under different operating names. Between 2004 and 2006 we operated under the name Teda Travel Group Inc., which was primarily engaged in the provision of management services to hotels and resorts in China. On August 1, 2006, we changed our name to “Network CN Inc.” in order to better reflect our new vision to build a nationwide information and entertainment network in China.

On March 15, 2018, Network CN Inc. (the “Company”), sold an aggregate of 216,000 shares of the Company's common stock (the “Shares”) to 19 foreign investors (the “New Investors”) pursuant to the terms of a Common Stock Purchase Agreement between the Company and the New Investors, dated March 15, 2018. The purchase price paid by the New Investor for the Shares was $0.40 per Share for an aggregate sum of Eighty-Six Thousand and Four Hundred U.S. Dollars (US$86,400). Net proceeds from the financing will be used for general corporate purposes.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Arias Intel (ASNT) 1,014 -0.1 -1,260% 723 6,449 0 0 -9,111 -8,536 1,014
Altex Industries (ALTX) 984 0% -183.1 -1% 2,344 1,091 56 0 -32 7 -1,282
Propanc Biopharma (PPCB) 983 -1.0 -2,593% 198 4,739 0 -24 -5,125 -3,561 3,434
TX Holdings (TXHG) 961 16% 8.3 2% 2,141 4,095 3,935 621 42 174 1,438
Axion Power (AXPW) 960 -2,624% -0.1 -1,826% 578 8,143 58 -1,527 -10,558 -10,312 759
GeoVax Labs (GOVX) 956 0% -0.2 -218% 817 1,837 907 0 -1,780 -1,771 416
Virtual Crypto Technologies (VRCP) 922 98% -1.2 -271% 235 1,546 63 62 -638 -642 756
ZIM (ZIMCF) 895 -0% 0 0 0 0 388
Blue Sphere (BLSP) 894 34% -0.6 -33% 43,956 86,868 7,950 2,700 -14,453 -14,295 8,802
Network CN (NWCN) 877 -24.4 -625% 108 12,530 0 0 -673 -240 5,872
United States Basketball League (USBL) 843 -13.8 -181,665% 0 2,375 0 0 -62 -61 843
Eco-Mat (ECMT) 842 -12.1 0 226 0 0 -81 -70 842
Towerstream (TWER) 828 0% -14.7 -40% 18,419 42,859 18,768 0 -7,325 -2,409 35,354
Imaging3 (IGNG) 809 100% -1.5 -9,549% 14 5,324 5 5 -1,357 -537 794
Medical Imaging (MEDD) 803 37% -1.2 -95% 3,288 10,372 7,026 2,592 -3,111 -2,711 3,131
Gratitude Health (GRTD) 787 -601% -1.9 -964% 88 775 10 -59 -847 -785 1,459
Forbes Energy Services (FES) 773 0% -5.3 -27% 198,552 159,830 153,647 0 -53,457 -11,372 60,094
PCT (PCTL) 769 0% -0.3 -118% 4,584 6,054 356 0 -5,391 -4,588 1,219
All For One Media (AFOM) 762 0% -0.5 -369% 1,160 7,246 4 0 -4,280 -1,328 677
Logicquest Technology (LOGQ) 760 -12.9 -58,611% 1 5,596 0 0 -299 -59 760

Balance Sheet ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-06-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash333135663788501190251128911923711776689307661688232486
Accounts Receivable85104146204145567965745937608521,03261212000
Inventory
PP&E487426364378386321127113922367274519933212072131071411332221111
Assets1,2891,0229831,1671,0316341,4071,0961,0501,2881,4351,466329225165139130125126121118111133112112110119113111124126112108
Accounts Payable337346727561,2221,2611,71152352652400
Long-Term Debt4,0645,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,000
Liabilities5,5915,7386,0406,8403,7224,0396,2786,7077,5548,9459,82310,4169,5489,5549,6809,3779,6279,87110,09510,32310,55110,77611,00811,22011,44711,54411,70511,64911,87011,95012,10812,32012,530
Stockholders' Equity-4,302-4,716-5,056-5,673-2,691-3,405-4,871-5,611-6,503-7,657-8,389-8,950-9,219-9,329-9,515-9,238-9,497-9,746-9,970-10,202-10,433-10,664-10,875-11,108-11,335-11,434-11,586-11,535-11,759-11,825-11,983-12,208-12,422
Income Statement ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-06-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue000
Cost of Revenue000
Gross Profit542033251281849-58-2-65-237-185-223431600000000000000000
R&D
SG&A-1462,3525695786683805544632803353572722298138172137125981051011007796909988681778279
Tax0000000000000000000000000000000
Net Income-455-421-405-6231,158-665-1,023-749-898-1,223-1,551-569-273-92-248-61-260-269-234-243-230-232-211-212-227-101-243-144-223-224-226-224
Cash Flow ($'000)2011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-06-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating-217-245-402-2595-85-106-369-664-220-337-117-152-85-56-12-62-29-44-54-39-109-195-16-62-16-28
Cash Investing3044-89-76-2000-1-1430000-200
Cash Financing-4134463153-128751843085542332459815983561162266532381191881663026