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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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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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $0.01 today, the market must believe free cash flow compounds -40.0%/yr for a decade (off $253K on the 3-yr avg basis).
The market's -40.0% is more conservative than its 4-yr track record.
Default is 9.0% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.23B shares (market data) · net debt -$1.1M
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean 60.4% · volatility σ 174% · implied rate exceeded in 3/4 yrs
Central path = implied -40.0%/yr growth; shaded band = ±1σ (174%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
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.
Ranked against 12 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VZ | $185.4B | 11.0× | 6.9× | 1.3× | 2.5% | — | 12.4% | 16.2% | 7.0% | 2.7× | 1,167 |
| TMUS | $165.7B | 16.1× | 7.8× | 1.9× | 8.5% | — | 12.4% | 18.6% | 7.6% | 2.5× | 487 |
| T | $144.2B | 7.0× | 6.0× | 1.1× | 2.7% | — | 17.5% | 17.4% | 8.1% | 2.8× | 1,004 |
| LUMN | $5.0B | — | 2.1× | 0.4× | -5.4% | 46.5% | -14.0% | 156% | 156% | -0.5× | 144 |
| TDS | $3.9B | — | 15.4× | 3.2× | -5.3% | — | -0.5% | -0.1% | -0.1% | -3.7× | 63 |
| AD | $2.8B | 58.7× | — | 17.4× | 58.3% | 51.2% | 29.9% | 1.9% | 1.9% | — | 20 |
| IDT | $2.0B | 23.7× | 12.7× | 1.6× | 5.4% | 38.3% | 6.7% | 23.0% | 23.0% | -1.6× | 30 |
| UNIT | $1.2B | 1.0× | 13.7× | 0.6× | 91.5% | — | 58.4% | 343% | 13.2% | 12.1× | 57 |
| SHEN | $563M | — | 10.9× | 1.6× | 9.1% | — | -9.2% | -3.7% | -2.2% | 5.7× | 23 |
| ATNI | $396M | — | 5.3× | 0.5× | -0.2% | — | -2.0% | -3.4% | -1.5% | 2.9× | 19 |
| SPOK | $251M | 16.0× | — | 1.8× | 1.5% | 78.7% | 11.4% | 10.8% | 10.8% | — | 19 |
| CXDO | $193M | 36.2× | 39.3× | 2.8× | 12.0% | — | 7.4% | 7.9% | 7.9% | 0.0× | 19 |
| CLRI | $1M | — | — | 0.3× | 31.3% | 78.2% | -3.8% | 43.2% | 43.2% | — | — |
Peers = companies sharing CLRI's sector (Radiotelephone Communications) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
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 $284K 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.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Insufficient data. Current ROIC on all capital: 43%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. 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 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.1M 100.0% | $3.1M 100.0% | $2.1M 100.0% | $2.0M 100.0% | $1.7M 100.0% | $1.8M 100.0% | $1.2M 100.0% | $782K 100.0% | $347K 100.0% | $545K 100.0% |
| Cost of Revenue | $893K 21.8% | $866K 27.7% | $436K 20.4% | $334K 16.6% | $267K 16.2% | $407K 23.2% | $246K 21.1% | $124K 15.8% | $84K 24.1% | $180K 33.0% |
| Gross Profit | $3.2M 78.2% | $2.3M 72.3% | $1.7M 79.6% | $1.7M 83.4% | $1.4M 83.8% | $1.3M 76.8% | $918K 78.9% | $659K 84.2% | $263K 75.9% | $365K 67.0% |
| Research & Development | $8K 0.2% | $189K 6.0% | $27K 1.3% | $20K 1.0% | $168K 10.2% | $153K 8.7% | $208K 17.8% | $222K 28.4% | $106K 30.5% | $15K 2.7% |
| Selling, General & Admin | $3.0M 73.8% | $2.1M 66.3% | $1.3M 61.2% | $1.0M 51.2% | $417K 25.3% | $411K 23.5% | $349K 30.0% | $348K 44.5% | $372K 107.3% | $268K 49.2% |
| Total Operating Expenses | $3.4M 82.8% | $2.6M 81.9% | $1.6M 77.0% | $1.3M 65.9% | $1.2M 70.1% | $1.1M 63.1% | $1.2M 105.3% | $1.1M 141.2% | $1.1M 319.4% | $825K 151.5% |
| Operating Income | — | — | — | — | — | — | — | — | -$851K -245.3% | -$460K -84.5% |
| Interest Expense | — | — | — | — | — | — | — | — | $11K 3.3% | $84K 15.4% |
| Other Income (Expense), net | $34K 0.8% | $28K 0.9% | $3K 0.1% | $47K 2.3% | $135K 8.2% | -$9K -0.5% | $236K 20.2% | -$13K -1.7% | -$8K -2.4% | -$114K -21.0% |
| Pretax Income | -$154K -3.8% | -$272K -8.7% | $57K 2.7% | $401K 19.9% | $361K 21.9% | $230K 13.1% | -$72K -6.2% | -$459K -58.7% | -$854K -246.0% | — |
| Income Tax Expense | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | — | — | — | — | — | — |
| Net Income | -$154K -3.8% | -$272K -8.7% | $57K 2.7% | $401K 19.9% | $361K 21.9% | $165K 9.4% | -$177K -15.2% | -$533K -68.1% | -$859K -247.6% | -$574K -105.4% |
| Per Share | ||||||||||
| EPS (Basic) | $0.00 | $0.00 | $0.00 | $0.00 | — | $0.00 | $0.00 | $0.00 | $0.00 | — |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — |
| Weighted Avg Shares (Basic) | 229.2M | 229.2M | 228.8M | 228.2M | 226.5M | 221.0M | — | — | — | — |
| Weighted Avg Shares (Diluted) | 229.2M | 229.2M | 599.1M | 599.6M | 597.9M | 597.8M | — | — | — | — |
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.
EOD close · as of 2026-10-29
Where each multiple sits in its own 14-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-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.
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
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 15.8 | 21.1 | 23.2 | 16.2 | 16.6 | 20.4 | 27.7 | 21.8 |
| Gross Profit | 84.2 | 78.9 | 76.8 | 83.8 | 83.4 | 79.6 | 72.3 | 78.2 |
| R&D | 28.4 | 17.8 | 8.7 | 10.2 | 1.0 | 1.3 | 6.0 | 0.2 |
| SG&A | 44.5 | 30.0 | 23.5 | 25.3 | 51.2 | 61.2 | 66.3 | 73.8 |
| Income Tax | — | — | — | — | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income | -68.1 | -15.2 | 9.4 | 21.9 | 19.9 | 2.7 | -8.7 | -3.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CLRI: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $76K covers the $23K due within a year 3.3× over. Scheduled principal only (excludes interest & revolver draws). As of 2020-09-30 (10-K).
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 FY2017 (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. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 67.0% | -84.5% | -105.4% |
| FY2017 | 75.9% | -245.3% | -247.6% |
| FY2018 | 84.2% | not reported | -68.1% |
| FY2019 | 78.9% | not reported | -15.2% |
| FY2020 | 76.8% | not reported | 9.4% |
| FY2021 | 83.8% | not reported | 21.9% |
| FY2022 | 83.4% | not reported | 19.9% |
| FY2023 | 79.6% | not reported | 2.7% |
| FY2024 | 72.3% | not reported | -8.7% |
| FY2025 | 78.2% | not reported | -3.8% |
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: positive EBIT.
Cash conversion of 0.70x sits below the level that would make the earnings clearly cash-backed.
Shares outstanding are up 8% since FY2019 — per-share cash flow has grown more slowly than the totals above, and the gap is the owners'.
Missing from our data, so excluded from this answer: share_based_compensation.
No debt, so there is no leverage path to distress.
This schedule comes from a filing dated 2020-09-30, 2223 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2020-09-30 (10-K); cash from the 2020-09-30 balance sheet; FCF from FY2020. Free cash flow is negative, so projected resources fall rather than accumulate.
Balance sheet at 2020-09-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
At $0.01, free cash flow must compound -39.97%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2022 | −82.0% | −40.0% |
| FY2023 | 38.7% | −40.0% |
| FY2024 | 310.9% | −40.0% |
| FY2025 | −25.8% | −40.0% |
The implied rate has been matched or beaten in 3 of the last 4 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$154,219 | −$154,219 |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | $438,337 | $284,118 |
| Operating cash flow | $284,118 | $284,118 |
| Capex | $0 | $284,118 |
| Free cash flow | $284,118 | $284,118 |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 50.5% | 1.2% | -49.3 points |
| FY2021 | -5.8% | 46.5% | 52.2 points |
| FY2022 | 22.2% | 68.0% | 45.8 points |
| FY2023 | 5.7% | 1.4% | -4.3 points |
| FY2024 | 46.6% | -57.7% | -104.3 points |
| FY2025 | 31.3% | -9.7% | -41.0 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 67.7 days | 29.4 days | 392.8 days | -295.7 days |
| FY2020 | 45.5 days | 11.2 days | 227.1 days | -170.4 days |
| FY2021 | 70.8 days | 20 days | 218.4 days | -127.6 days |
| FY2022 | 97.3 days | 23 days | 82.2 days | 38.2 days |
| FY2023 | 93.4 days | 18.4 days | 72 days | 39.8 days |
| FY2024 | 26.9 days | 17.5 days | 51.3 days | -6.9 days |
| FY2025 | 18.5 days | 42.3 days | 70.2 days | -9.4 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -35.5 percent |
| FY2020 | 42.5 percent |
| FY2021 | -2.1 percent |
| FY2022 | 28.4 percent |
| FY2023 | -3.3 percent |
| FY2024 | -52.9 percent |
| FY2025 | -27.3 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Below the line for 1 year to the latest.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.