Company Information

  

Address: 11885 44TH ST. N.  
City: CLEARWATER 
State: FL 
Zip Code: 33762 
Telephone: (727) 932-9593 

Description of Business

Primary SIC Code: 3559
(As filed with the SEC)  

Unless otherwise provided in this report, all references in this report to "we," "us," "MagneGas," "our Company," "our," or the "Company" refer to MagneGas Corporation and our subsidiaries. Overview MagneGas Corporation is a technology company that utilizes a plasma based system for the gasification and sterilization of liquid waste. A byproduct of our process is a hydrogen-based fuel called "MagneGas2┬«" that we sell for metal cutting as an alternative to acetylene. We also market, for sale or licensure, our proprietary plasma arc technology for the processing of liquid waste (the "Plasma Arc Flow┬« System"). We have established a retail and distribution platform to sell our fuel for use in the metalworking industries. We have also developed a global network of brokers to sell our system for processing liquid waste.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/2018-18.33NAN/E
12/2017-333.28NAN/E
09/2017-510.72NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity-0.15Total Liab/Total Assets0.33
Net Inc/Total Assets-0.95Total Liab/Inv Cap0.48
Net Inc/Inv Cap-1.39Total Liab/Comm Equity0.05
Pretax Inc/Net Sales-2.96Interest Coverage RatioNA
Net Inc/Net Sales-2.96Curr Debt/Equity0.07
Cash Flow/Net Sales-1.29LTD/Equity0.08
SG&A/NetSales3.14Total Debt/Equity0.15
Asset Utilization   Liquidity  
Net Receivables Turnover8.94Quick Ratio0.36
Inventory Turnover1.88Current Ratio0.59
Inventory Day Sales0.01Net Rec/Curr Assets0.20
Net Sales/Work Cap-2.78Inv/Curr Assets0.39
Net Sales/PP&E0.54  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 1.17 1.00 0.88 0.97
Cost of Goods Sold 0.76 0.63 0.55 0.53
Selling & Admin Exps 3.15 3.30 2.45 3.31
Operating Income -2.90 -3.07 -2.29 -3.09
Interest Exp NA NA NA NA
Pretax Income -3.02 -3.88 -3.13 -2.24
Other Income -0.05 -0.79 -0.80 0.77
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -3.02 -3.88 -3.13 -2.24

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 2.10 0.59 0.09 0.12
Receivables - Total 0.65 0.39 0.54 0.40
Inventories - Total 1.60 0.74 1.60 1.71
Total Current Assets 4.63 1.91 2.55 2.54
Net Property, Plant & Equipment 8.52 6.87 6.02 6.19
Total Assets 17.62 11.65 11.13 11.29
Liabilities        
Accounts Payable 2.54 2.73 2.61 1.96
Debt in Current Liabilities 0.25 0.48 1.00 0.97
Total Current Liabilities 2.83 3.25 3.65 2.96
Long-Term Debt 0.60 0.58 0.53 0.56
Total Liabilities 3.42 3.83 4.18 3.52
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.01 0.00 0.01 0.01
Retained Earnings -67.60 -64.58 -60.71 -57.58
Treasury Stock NA NA NA NA
Total Stockholders' Equity 14.15 7.27 6.95 7.69
Total Liabilities and Stockholders' Equity 17.57 11.11 11.13 11.21

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -2.39 -1.40 -1.04 -0.80
Net Cash Provided by Investing Activities -3.38 -0.37 0.04 -0.11
Net Cash Provided by Financing Activities 7.29 2.26 0.98 0.97

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20130.99-6.32--
12/20141.02-7.15--
12/20152.43-9.87--
12/20163.55-17.47--
12/20173.72-11.02-333.28
Growth Rates39.26----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18222341.16




Report Date : 7/16/2018

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