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MARKETS / BALCAO / Communication services / Telephone communications / FULO
BALCAO · TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) · SMALL CAP

Fullnet Communications Inc. FULO

14 fiscal years on record · USD · FY2023 reported · SEC filings only
$4.2M
▼ 1.8% YoY
$532,139
▼ 20.8% YoY
$690,293
▼ 4.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

We are an integrated communications provider. We were founded in 1995 as CEN-COM of Oklahoma, Inc., an Oklahoma corporation, to bring dial-up Internet access and education to rural locations in Oklahoma that did not have dial-up Internet access. We changed our name to FullNet Communications, Inc. in December 1995. Through CallMultiplier, Inc., our wholly owned subsidiary, we offer a comprehensive cloud-based solution to consumers and businesses for automated mass texting and voice message delivery. Our common stock trades on the OTC Markets Group “Pink Sheets” under the symbol FULO.

Written from the business description in FullNet Communications, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 1 April 2024. Every sentence was checked against that document before publication.

Growth

USD 4.2M
Revenue, FY2023 · full 14-year series below
Revenue $M Net income $M
FY2023 · Revenue 4.2 · Net income 0.5
2M3M
201020132016201920222023
Compound annual growth
+6.2%
+15.1%
+9.9%
−20.8%
+14.8%
+9.1%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +15.1% a year over the five years to FY2023 — but profit grew slower: net income at +14.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2023 · Operating 12.2% · Net 12.7%
5%10%15%
201020162023
ROE
FY2023 · ROE 35.2%
50%
201020162023
Three returns, three denominators.
Gross margin74.9%
Operating margin12.2%
Net margin12.7%
EBITDAUSD 528,772.00

Each USD of equity produced 35 cents of profit this year.

Cash & shareholders

USD 257,070.00
returned in FY2023 · dividends + net buybacks
Free cash flow $M
FY2023 · FCF 0.7
0.5M1.0M
201020162023
Net buybacks $ Dividends $
FY2023 · Dividends 257070.0 · Net buybacks ·
250000.0500000.0
202120222023
Dividends paidUSD 257,070.00
Net buybacks·
Share of profit48.3%
Consecutive raises·

USD 257,070.00 in dividends — 48% of the year's profit went back to shareholders.

Total assetsUSD 3.4M
EquityUSD 1.6M
CashUSD 3.1M
Current ratio1.78×

Equity funds 48% of total assets.

The 14-year record

14 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
FULO, 14-year financial record
Metric 20232022202120202019201820172016201520142013201220112010
Revenue $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.0
Operating income $B0.00.00.00.00.0−0.00.00.0−0.0−0.0−0.0−0.00.0−0.0
EBITDA $B0.00.00.00.00.00.00.00.0−0.0−0.0−0.0−0.00.0◌
Income tax $B0.00.00.0−0.00.0◌◌◌◌◌◌0.00.00.0
Net income $B0.00.00.00.00.00.0−0.0−0.0−0.0−0.00.0−0.00.00.0
Free cash flow $B0.00.00.00.00.00.00.00.00.00.00.00.00.00.0
EPS, diluted $◌◌◌◌0.010.010.00−0.01−0.01−0.030.01−0.020.010.10
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout %48970———————————
ROE %35.248.896.2———————————
Shares out B0.020.020.020.020.010.010.010.010.010.010.010.010.010.01

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 55 reconciliationsAUDITED

Reconciled in 14 of the 14 fiscal years we could check. Six checks were skipped: the balance sheet is not tagged before 2010. Three checks were skipped: EPS is not tagged before 2010. Three checks were skipped: revenue is not tagged before 2010.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityTelephone Communications (No Radiotelephone)
Listed onOTC market
Incorporated inOklahoma
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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