Looking Glass Labs (AQSE:NFTX) Scaled Net Operating Assets : -3.31 (As of Jan. 2024)

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What is Looking Glass Labs Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Looking Glass Labs's operating assets for the quarter that ended in Jan. 2024 was £0.22 Mil. Looking Glass Labs's operating liabilities for the quarter that ended in Jan. 2024 was £1.25 Mil. Looking Glass Labs's Total Assets for the quarter that ended in Oct. 2023 was £0.31 Mil. Therefore, Looking Glass Labs's scaled net operating assets (SNOA) for the quarter that ended in Jan. 2024 was -3.31.

Looking Glass Labs Scaled Net Operating Assets Historical Data

The historical data trend for Looking Glass Labs's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Looking Glass Labs Scaled Net Operating Assets Chart

Looking Glass Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Scaled Net Operating Assets

-0.33

-2.89

2,338.00

-0.31

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Scaled Net Operating Assets	Get a 7-Day Free Trial											0.11	-0.26	-0.94	-2.84	-3.31

Competitive Comparison of Looking Glass Labs's Scaled Net Operating Assets

For the Software - Infrastructure subindustry, Looking Glass Labs's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Looking Glass Labs's Scaled Net Operating Assets Distribution in the Software Industry

For the Software industry and Technology sector, Looking Glass Labs's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Looking Glass Labs's Scaled Net Operating Assets falls into.

Looking Glass Labs Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Looking Glass Labs's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jul. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Jul. 2023 )
=	(Operating Assets (A: Jul. 2023 )	-	Operating Liabilities (A: Jul. 2023 ))	/	Total Assets (A: Jul. 2022 )
=	(0.464	-	1.952)	/	4.811
=	-0.31

where

	Operating Assets		(A: Jul. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.492	-	0.028
=	0.464

	Operating Liabilities		(A: Jul. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	2.902	-	0.04	-	0.91
=	1.952

Looking Glass Labs's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jan. 2024 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Jan. 2024 )
=	(Operating Assets (Q: Jan. 2024 )	-	Operating Liabilities (Q: Jan. 2024 ))	/	Total Assets (Q: Oct. 2023 )
=	(0.216	-	1.245)	/	0.311
=	-3.31

where

	Operating Assets		(Q: Jan. 2024 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	0.639	-	0.423
=	0.216

	Operating Liabilities		(Q: Jan. 2024 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1.423	-	0	-	0.178
=	1.245

Looking Glass Labs Scaled Net Operating Assets Related Terms

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Looking Glass Labs (AQSE:NFTX) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

H1N0:Germany NFTX:Canada

Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

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