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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on $115K FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $5.7M 100.0% | $1.8M 100.0% | $598K 100.0% | $69K 100.0% | $0 | $0 | $0 |
| Cost of Revenue | $2.4M 43.0% | $536K 29.1% | $113K 18.9% | $10K 14.0% | — | — | — |
| Gross Profit | $3.2M 57.0% | $1.3M 70.9% | $484K 81.1% | $60K 86.0% | — | — | — |
| Research & Development | $38K 0.7% | $26K 1.4% | $0 0.0% | — | — | — | — |
| Selling, General & Admin | $2.2M 38.8% | $1.1M 62.1% | $706K 118.2% | $151K 218.2% | $92K | $26K | $8K |
| Total Operating Expenses | $2.5M 44.3% | $1.2M 66.2% | $736K 123.1% | $230K 331.8% | $92K | $26K | $8K |
| Operating Income | $719K 12.6% | $87K 4.7% | -$252K -42.1% | -$170K -245.8% | -$92K | -$26K | -$8K |
| Interest Expense | — | — | — | — | — | $450 | — |
| Other Income (Expense), net | — | — | — | — | $9K | $0 | — |
| Pretax Income | — | — | — | — | -$83K | -$26K | — |
| Income Tax Expense | $77K 1.4% | $0 0.0% | $0 0.0% | $0 0.0% | $0 | $0 | $0 |
| Net Income | $642K 11.3% | $87K 4.7% | -$252K -42.1% | -$170K -245.8% | -$83K | -$26K | -$8K |
| Per Share | |||||||
| EPS (Basic) | $0.06 | $0.01 | -$0.01 | — | — | — | — |
| EPS (Diluted) | $0.06 | $0.01 | -$0.01 | — | — | — | — |
| Weighted Avg Shares (Basic) | 11.0M | 10.5M | 33.8M | — | — | — | — |
| Weighted Avg Shares (Diluted) | 11.4M | 10.9M | 33.8M | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 1 positive fiscal year (FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $5.50 today, the market must believe free cash flow compounds 55.4%/yr for a decade (off $115K on the 3-yr avg basis).
Default is the published 10.0% — this company's own cost of capital could not be computed.
2-stage DCF · 0.01B shares (market data) · net debt -$662K
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Interest last disclosed in FY2021 (no longer broken out).
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-29
Where each multiple sits in its own 6-yr range · 29th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 6-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 43% against ROIC 43% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 55.5% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 3.5× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | — | 14.0 | 18.9 | 29.1 | 43.0 |
| Gross Profit | — | — | — | 86.0 | 81.1 | 70.9 | 57.0 |
| R&D | — | — | — | — | 0.0 | 1.4 | 0.7 |
| SG&A | — | — | — | 218.2 | 118.2 | 62.1 | 38.8 |
| Operating Income | — | — | — | -245.8 | -42.1 | 4.7 | 12.6 |
| Income Tax | — | — | — | 0.0 | 0.0 | 0.0 | 1.4 |
| Net Income | — | — | — | -245.8 | -42.1 | 4.7 | 11.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BHIC: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cash conversion and accruals. The full answer — share-based compensation, the cash conversion waterfall, working-capital trend — is still being built, so this block states what it measures rather than issuing a verdict.
One year is not a trend. The spec asks for a 3- and 5-year average of FCF/net income precisely because a single year turns on working-capital timing, and that arrives with the full Q2 block.