Nowigence Inc.
Nowigence, Inc. develops and markets an artificial intelligence (AI) augmented software-as-a-service (SaaS) platform focusing on data detection, presentation, and prediction for decision making. The company's platform, Pluaris, collects, organizes, connects, trends, and presents external marketplace information in real-time. It caters to manufacturing, services, banking, life sciences, sports and… Read more
Nowigence Inc. (NOWG) - Net Assets
Latest net assets as of December 2022: $-513.49K USD
Based on the latest financial reports, Nowigence Inc. (NOWG) has net assets worth $-513.49K USD as of December 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($283.84K) and total liabilities ($797.32K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-513.49K |
| % of Total Assets | -180.91% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 151.17 |
Nowigence Inc. - Net Assets Trend (2020–2022)
This chart illustrates how Nowigence Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nowigence Inc. (2020–2022)
The table below shows the annual net assets of Nowigence Inc. from 2020 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | $-513.49K | -340.88% |
| 2021-12-31 | $213.17K | -38.55% |
| 2020-12-31 | $346.87K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nowigence Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 206414200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $4.22 Million | % |
| Total Equity | $-513.49K | 100.00% |
Nowigence Inc. Competitors by Market Cap
The table below lists competitors of Nowigence Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Syncomm Technology Corp.
TW:3150
|
$4.72K |
|
Infra SA
WAR:IFA
|
$4.72K |
|
INDAH KIAT PULP
MU:IKP
|
$4.72K |
|
HUABAO INTL
MU:CEY2
|
$4.72K |
|
D. M. Textile Mills Limited
KAR:DMTX
|
$4.71K |
|
Arras Minerals Corp.
OTCQB:ARRKF
|
$4.71K |
|
Cycurion, Inc. Common Stock
PINK:CYCU
|
$4.70K |
|
Aeolus Pharmaceuticl
PINK:AOLS
|
$4.70K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nowigence Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 213,168 to -513,486, a change of -726,654 (-340.9%).
- Net loss of 1,144,913 reduced equity.
- New share issuances of 160,155 increased equity.
- Other factors increased equity by 258,104.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.14 Million | -222.97% |
| Share Issuances | $160.16K | +31.19% |
| Other Changes | $258.10K | +50.27% |
| Total Change | $- | -340.88% |
Book Value vs Market Value Analysis
This analysis compares Nowigence Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $0.01 | $0.50 | x |
| 2021-12-31 | $0.00 | $0.50 | x |
| 2022-12-31 | $-0.01 | $0.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nowigence Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2691.32%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-227.64%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | -251.69% | -1703.70% | 0.07x | 2.05x | $-907.73K |
| 2021 | -431.22% | -2082.67% | 0.05x | 3.81x | $-940.55K |
| 2022 | 0.00% | -2691.32% | 0.15x | 0.00x | $-1.09 Million |
Industry Comparison
This section compares Nowigence Inc.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,558,090,989
- Average return on equity (ROE) among peers: -47.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nowigence Inc. (NOWG) | $-513.49K | -251.69% | N/A | $4.71K |
| Abaxx Technologies Inc (ABXXF) | $42.03 Million | -128.66% | 0.23x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $2.15 Million | -4.58% | 1.86x | $8.62 Million |
| Adobe Systems Incorporated (ADBE) | $6.67 Billion | 12.49% | 0.51x | $104.01 Billion |
| Adcore Inc (ADCOF) | $9.73 Million | -22.96% | 0.49x | $3.03 Million |
| ADEIA CORP (ADEA) | $618.15 Million | -0.05% | 1.00x | $2.50 Billion |
| Automatic Data Processing Inc (ADP) | $6.19 Billion | 22.71% | 4.21x | $84.26 Billion |
| Autodesk Inc (ADSK) | $2.04 Billion | 12.11% | 1.11x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $445.50K | -270.60% | 3.60x | $0.93 |
| AudioEye Inc (AEYE) | $10.59 Million | -98.53% | 1.31x | $49.31 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.97 |