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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 -$1.3M 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 6 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -79%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 6 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. 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 2026-10-30
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 |
|---|---|---|---|---|---|---|
| Revenue | $8.0M 100.0% | $3.8M 100.0% | $5.4M 100.0% | $3.1M 100.0% | $6.3M 100.0% | $1.3M 100.0% |
| Cost of Revenue | $7.3M 91.3% | $2.4M 64.5% | $1.9M 34.1% | $957K 30.7% | $1.4M 21.6% | $461K 34.6% |
| Gross Profit | $700K 8.7% | $1.3M 35.5% | $3.6M 65.9% | $2.2M 69.3% | $4.9M 78.4% | $873K 65.4% |
| Selling, General & Admin | $24.3M 302.9% | $7.6M 202.8% | $3.6M 66.0% | $2.1M 68.4% | $916K 14.5% | $214K 16.0% |
| Total Operating Expenses | $24.9M 310.3% | $8.5M 225.6% | $6.1M 111.5% | $3.1M 98.8% | $1.9M 30.1% | $493K 37.0% |
| Operating Income | -$24.2M -301.6% | -$7.1M -190.1% | -$2.5M -45.7% | -$920K -29.5% | $3.0M 48.3% | $380K 28.5% |
| Interest Expense | — | $74K 2.0% | — | — | — | — |
| Other Income (Expense), net | $223K 2.8% | -$962K -25.7% | $50K 0.9% | $27K 0.9% | $43K 0.7% | -$375 -0.0% |
| Income Tax Expense | — | $55K 1.5% | $115K 2.1% | -$121K -3.9% | $777K 12.3% | $40K 3.0% |
| Net Income | -$24.0M -298.8% | -$8.7M -231.4% | -$2.5M -46.8% | -$771K -24.7% | $2.3M 36.7% | $340K 25.5% |
| Per Share | ||||||
| EPS (Basic) | -$26.92 | -$41.37 | -$114.16 | -$0.06 | $0.19 | $0.03 |
| EPS (Diluted) | -$26.92 | -$41.37 | -$114.16 | -$0.06 | $0.19 | $0.03 |
| Weighted Avg Shares (Basic) | 892K | 210K | 22K | 12.0M | 12.0M | 12.0M |
| Weighted Avg Shares (Diluted) | 892K | 210K | 22K | 12.0M | 12.0M | 12.0M |
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 has neither positive free cash flow nor a collected share count, so a reverse DCF can't be run.
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. Effective rate ~3.7% on $2.0M of debt. Interest last disclosed in FY2024 (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.
EOD close · as of 2026-10-30
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE -79% against ROIC -79% — 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 -72.8% — 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 2.1× 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 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Cost of Revenue | 34.6 | 21.6 | 30.7 | 34.1 | 64.5 | 91.3 |
| Gross Profit | 65.4 | 78.4 | 69.3 | 65.9 | 35.5 | 8.7 |
| SG&A | 16.0 | 14.5 | 68.4 | 66.0 | 202.8 | 302.9 |
| Operating Income | 28.5 | 48.3 | -29.5 | -45.7 | -190.1 | -301.6 |
| Income Tax | 3.0 | 12.3 | -3.9 | 2.1 | 1.5 | — |
| Net Income | 25.5 | 36.7 | -24.7 | -46.8 | -231.4 | -298.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on DPU: 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.