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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
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
2M4M20102012201420162018202020222023
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 five years — 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%
20%40%-5%-10%-15%20102012201420162018202020222023
ROE
FY2023 · ROE 35.2%
500%1000%20102012201420162018202020222023
Gross margin74.9%
Operating margin12.2%
Net margin12.7%
Return on assets16.2%
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
0.5M1.0M20102012201420162018202020222023
Net buybacks $ Dividends $
FY2023 · Dividends 257070.0 · Net buybacks —
250000.0500000.0202120222023
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
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 %35.248.896.21220.3··········
Shares out B0.020.020.020.020.010.010.010.010.010.010.010.010.010.01

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

Provenance
Company facts, as filed
How we verify · 0 failures in 55 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 33 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTelephone Communications (No Radiotelephone)
Listed onnot stated in the filings
Incorporated inOklahoma
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2010

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