RBCN Rubicon Technology, Inc.

Overview and Growth

In fiscal 2022, Rubicon Technology, Inc. recorded $3.59M of revenue, net income of $935.00K, and an operating cash outflow of $521.00K. Revenue of $3.59M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 11.7% below fiscal 2021 revenue of $4.06M, marking a top-line contraction. The diluted weighted-average share count was 2.46M, linking total earnings with the per-share result received by shareholders. At period end, total assets were $5.96M, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.6x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The first profit layer was $1.44M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 40.1% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $585.00K, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 16.3% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $935.00K, after the operating, financing, tax, and other items recognized for the period. Net margin was 26.1%, meaning that this portion of revenue remained as net income after all recognized expenses. Reported EBITDA totaled $705.00K, adding a pre-interest, tax, depreciation, and amortization perspective to the profitability profile. Before income taxes, the company reported $919.00K of earnings, providing a bridge between the operating result and final net income. Pretax income represented 25.6% of revenue, placing earnings before tax in the context of the company’s operating scale. The relationship between net income and period-end equity was 29.2%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 15.7%, showing earnings relative to the full balance sheet. Net income of $935.00K replaced the $730.00K loss reported in fiscal 2021.

Liquidity and Capital Structure

At period end, the $5.96M asset base was financed through $2.75M of liabilities and $3.20M of equity. At period end, current assets of $2.88M compared with current liabilities of $1.19M, defining the company’s short-term resource position. At 2.42x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $1.59M in cash and equivalents, a narrower liquidity measure than total current assets. Cash and equivalents represented 133.7% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Borrowings totaled $1.59M, adding a fixed financing obligation alongside the company’s equity capital. Against book equity, debt measured 0.5x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 26.7%, showing how much of the asset base was matched by borrowing. Equity equaled 53.8% of assets, showing the shareholder-capital layer within the company’s balance sheet. The liabilities-to-assets relationship was 46.2%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 26.7%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 80.8% lower than fiscal 2021 assets of $30.99M, measuring the company’s own balance-sheet change. Against $29.39M of equity in fiscal 2021, the current book-equity balance moved 89.1% and ended lower. Cash and equivalents were 85.9% lower than fiscal 2021 cash of $11.26M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $521.00K, showing that operations absorbed cash during the period. The operating cash outflow widened to $521.00K from $61.00K in fiscal 2021.

Based on the annual report for the fiscal year ending Dec 31, 2022. Analysis generated Oct 21, 2026.