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 that we sell for metal cutting as an alternative to acetylene ("MagneGas2┬«"). In addition, we are developing the use of our fuel for co-combustion with hydrocarbon fuels to reduce emissions. We also market, for sale or licensure, our proprietary plasma arc technology for the processing of liquid waste (the "Plasma Arc Flow┬« System").  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/2017-2.79NAN/E
03/2017-34.00NAN/E

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.30Total Liab/Total Assets0.70
Net Inc/Total Assets-1.36Total Liab/Inv Cap-2.77
Net Inc/Inv Cap5.36Total Liab/Comm Equity0.16
Pretax Inc/Net Sales-4.92Interest Coverage RatioNA
Net Inc/Net Sales-4.92Curr Debt/Equity2.01
Cash Flow/Net Sales-2.43LTD/Equity0.16
SG&A/NetSales2.95Total Debt/Equity2.18
Asset Utilization   Liquidity  
Net Receivables Turnover8.71Quick Ratio0.27
Inventory Turnover1.01Current Ratio0.46
Inventory Day Sales0.00Net Rec/Curr Assets0.11
Net Sales/Work Cap-0.78Inv/Curr Assets0.41
Net Sales/PP&E0.55  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 0.97 0.87 1.01 1.04
Cost of Goods Sold 0.53 0.50 0.55 0.63
Selling & Admin Exps 3.31 2.61 2.93 2.69
Operating Income -3.09 -2.50 -4.18 -2.61
Interest Exp NA NA NA NA
Pretax Income -2.24 -1.78 -6.63 -4.07
Other Income 0.87 0.72 -3.52 -1.41
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -2.24 -1.78 -6.63 -4.07

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 0.12 0.05 1.62 1.18
Receivables - Total 0.40 0.46 0.44 0.41
Inventories - Total 1.71 1.72 1.62 2.21
Total Current Assets 2.54 2.60 3.90 4.33
Net Property, Plant & Equipment 6.19 6.29 6.40 6.65
Total Assets 11.29 11.44 12.88 13.85
Liabilities        
Accounts Payable 1.96 1.33 0.69 0.71
Debt in Current Liabilities 0.97 6.45 7.71 5.16
Total Current Liabilities 2.96 7.81 8.43 5.90
Long-Term Debt 0.56 0.66 0.62 0.60
Total Liabilities 3.52 8.47 9.05 6.50
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.01 0.06 0.06 0.05
Retained Earnings -57.58 -55.34 -53.56 -46.93
Treasury Stock NA NA NA NA
Total Stockholders' Equity 7.69 2.97 3.83 7.35
Total Liabilities and Stockholders' Equity 11.21 11.44 12.88 13.85

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities -0.80 -1.55 -2.18 -2.42
Net Cash Provided by Investing Activities -0.11 -0.02 -0.21 -0.28
Net Cash Provided by Financing Activities 0.97 0.01 2.83 0.04

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20120.68-7.14--
12/20130.99-6.32--
12/20141.02-7.15--
12/20152.43-9.87--
12/20163.55-17.47--
Growth Rates51.32----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17242952.39




Report Date : 10/23/2017

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