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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 -$1.4M 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.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 40%. 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
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $676K 100.0% | $2.3M 100.0% | $3.0M 100.0% | $593K 100.0% | $558K 100.0% | $967K 100.0% | $74.7M 100.0% | $53.8M 100.0% | $1.0M 100.0% |
| Cost of Revenue | — | $751K 111.1% | $2.7M 116.5% | $2.5M 83.8% | $469K 79.1% | $697K 124.9% | $808K 83.6% | $74.2M 99.4% | $51.4M 95.5% | $1.1M 103.0% |
| Gross Profit | — | -$75K -11.1% | -$387K -16.5% | $486K 16.2% | $124K 20.9% | -$139K -24.9% | $159K 16.4% | $473K 0.6% | $2.4M 4.5% | -$31K -3.0% |
| Selling, General & Admin | $1.9M | $1.9M 280.9% | $6.0M 256.2% | $9.4M 315.0% | $9.0M 1514.3% | $5.8M 1046.6% | $2.3M 238.4% | $3.8M 5.0% | $4.0M 7.4% | $608K 59.2% |
| Total Operating Expenses | $1.9M | $1.9M 283.7% | $6.0M 256.7% | $14.8M 495.7% | $10.8M 1819.4% | $7.6M 1369.2% | $2.3M 238.4% | $5.7M 7.6% | $4.0M 7.4% | $7.8M 763.3% |
| Operating Income | -$1.9M | -$2.0M -294.8% | -$6.4M -273.2% | -$14.4M -479.5% | -$10.7M -1798.5% | -$7.8M -1394.1% | -$2.1M -221.9% | -$5.2M -7.0% | -$1.6M -2.9% | -$7.9M -766.3% |
| Interest Expense | $42K | $118K 17.5% | -$70K -3.0% | $12K 0.4% | $172K 29.0% | $108K 19.4% | $1.1M 112.9% | $978K 1.3% | $1.1M 2.0% | $1.6M 151.2% |
| Interest & Investment Income | — | — | — | $6K 0.2% | — | — | — | — | — | — |
| Other Income (Expense), net | $514K | -$1.3M -194.7% | $4.3M 183.3% | -$124K -4.1% | -$61K -10.3% | $296K 53.0% | $860K 88.9% | $1.6M 2.2% | $78K 0.1% | -$535K -52.0% |
| Pretax Income | -$1.4M | -$3.3M -489.5% | -$2.1M -89.9% | $14K 0.5% | $11K 1.8% | $7.5M 1341.0% | — | -$3.6M -4.8% | -$1.8M -3.4% | -$10.0M -976.8% |
| Income Tax Expense | — | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | $0 0.0% | -$1.1M -2.0% | — |
| Net Income | -$1.6M | -$3.3M -489.5% | -$2.2M -93.6% | -$14.5M -485.3% | -$10.7M -1809.1% | -$7.5M -1341.0% | -$1.3M -136.5% | -$3.6M -4.8% | -$708K -1.3% | -$10.0M -976.8% |
| Per Share | ||||||||||
| EPS (Basic) | -$0.53 | -$1.22 | -$0.95 | -$11.81 | -$9.32 | -$1.16 | — | -$2.90 | -$0.78 | — |
| EPS (Diluted) | -$0.53 | -$1.22 | -$0.95 | -$11.81 | -$9.32 | — | — | — | — | — |
| Weighted Avg Shares (Basic) | 3.0M | 2.7M | 2.3M | 1.2M | 1.1M | — | — | — | — | — |
| Weighted Avg Shares (Diluted) | 3.0M | 2.7M | 2.3M | 1.2M | 1.1M | 7.0M | — | 1.2M | 903K | 234.5M |
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.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $57K (at 2025-12-31) covers the $28K due within a year 2.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2012-09-30 (10-Q). The cash figure is from 2025-12-31, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
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.
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 15-yr range
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-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 40% against ROIC 40% — 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 | 99.4 | 83.6 | 124.9 | 79.1 | 83.8 | 116.5 | 111.1 | — |
| Gross Profit | 0.6 | 16.4 | -24.9 | 20.9 | 16.2 | -16.5 | -11.1 | — |
| SG&A | 5.0 | 238.4 | 1046.6 | 1514.3 | 315.0 | 256.2 | 280.9 | — |
| Operating Income | -7.0 | -221.9 | -1394.1 | -1798.5 | -479.5 | -273.2 | -294.8 | — |
| Income Tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — |
| Net Income | -4.8 | -136.5 | -1341.0 | -1809.1 | -485.3 | -93.6 | -489.5 | — |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CUEN: 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.