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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 -$13.6M 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.
Modest payoff on reinvested capital. Current ROIC on all capital: -29%. 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 2026-10-30
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 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $128.9M 100.0% | $128.3M 100.0% | $103.3M 100.0% | $111.3M 100.0% | $100.9M 100.0% | $160.1M 100.0% | $557.6M 100.0% | $524.2M 100.0% | $469.8M 100.0% | $476.9M 100.0% |
| Cost of Revenue | $88.6M 68.7% | $86.4M 67.4% | $75.3M 72.9% | $72.2M 64.9% | $61.9M 61.4% | $120.7M 75.4% | $476.6M 85.5% | $445.9M 85.1% | $390.6M 83.1% | $410.1M 86.0% |
| Cost of Products | — | — | — | — | — | — | — | — | $449.1M 95.6% | $470.1M 98.6% |
| Gross Profit | $40.3M 31.3% | $41.9M 32.6% | $28.0M 27.1% | $39.1M 35.1% | $38.9M 38.6% | $39.4M 24.6% | $81.0M 14.5% | $78.3M 14.9% | $79.2M 16.9% | $66.8M 14.0% |
| Research & Development | $8.3M 6.4% | $8.6M 6.7% | $8.7M 8.5% | $7.8M 7.0% | $6.7M 6.6% | $7.6M 4.7% | $11.5M 2.1% | $12.8M 2.4% | $9.5M 2.0% | $7.2M 1.5% |
| Selling, General & Admin | $44.0M 34.2% | $40.5M 31.5% | $39.0M 37.7% | $34.7M 31.1% | $27.7M 27.5% | $40.7M 25.4% | $62.1M 11.1% | $52.0M 9.9% | $52.5M 11.2% | $46.2M 9.7% |
| Total Operating Expenses | — | $50.7M 39.5% | $49.8M 48.2% | $50.9M 45.7% | $47.8M 47.3% | $65.3M 40.8% | $75.5M 13.5% | $64.8M 12.4% | $64.5M 13.7% | $87.4M 18.3% |
| Operating Income | -$17.2M -13.4% | -$8.8M -6.9% | -$21.8M -21.1% | -$11.8M -10.6% | -$8.8M -8.7% | -$25.9M -16.2% | $5.5M 1.0% | $13.6M 2.6% | $14.7M 3.1% | -$20.6M -4.3% |
| Interest Expense | $22.2M 17.2% | $18.1M 14.1% | $17.6M 17.1% | $15.6M 14.0% | $8.9M 8.9% | $4.6M 2.9% | — | — | — | $2.0M 0.4% |
| Interest & Investment Income | $333K 0.3% | $58K 0.0% | $68K 0.1% | $81K 0.1% | $48K 0.0% | $72K 0.0% | $145K 0.0% | $211K 0.0% | $16K 0.0% | $71K 0.0% |
| Other Income (Expense), net | -$3K -0.0% | -$3.1M -2.4% | -$1.2M -1.1% | $760K 0.7% | -$11.0M -10.9% | -$195K -0.1% | $1.6M 0.3% | $2.9M 0.6% | $900K 0.2% | $1.2M 0.3% |
| Pretax Income | -$38.7M -30.0% | $9.5M 7.4% | -$63.9M -61.9% | -$20.7M -18.6% | -$29.8M -29.5% | -$30.6M -19.1% | $3.6M 0.7% | $16.4M 3.1% | $14.2M 3.0% | -$19.7M -4.1% |
| Income Tax Expense | $43K 0.0% | $183K 0.1% | $308K 0.3% | -$5.2M -4.7% | -$6.3M -6.3% | -$8.8M -5.5% | $1.5M 0.3% | -$9.4M -1.8% | $4.0M 0.9% | -$7.7M -1.6% |
| Net Income | -$38.7M -30.0% | $12.0M 9.4% | -$99.6M -96.4% | -$116.7M -104.9% | -$32.3M -32.0% | -$38.2M -23.9% | $411K 0.1% | $24.8M 4.7% | $10.6M 2.3% | -$11.6M -2.4% |
| Per Share | ||||||||||
| EPS (Basic) | -$1.27 | $0.39 | -$3.32 | -$3.97 | -$1.10 | -$1.31 | $0.01 | $0.90 | $0.39 | -$0.43 |
| EPS (Diluted) | -$1.27 | $0.33 | -$3.32 | -$3.97 | -$1.10 | -$1.31 | $0.01 | $0.89 | $0.38 | -$0.43 |
| Weighted Avg Shares (Basic) | 34.8M | 30.5M | 30.0M | 29.5M | 29.3M | 29.2M | 28.4M | 27.5M | 27.3M | 27.0M |
| Weighted Avg Shares (Diluted) | 34.8M | 36.7M | 30.0M | 29.5M | 29.3M | 29.2M | 28.6M | 27.9M | 27.7M | 27.0M |
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 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 $8.3M (at 2025-05-25) covers the $1.5M due within a year 5.6× over. Scheduled principal only (excludes interest & revolver draws). As of 2026-06-30 (10-Q). The cash figure is from 2025-05-25, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~16.6% on $133.9M of debt.
Cash of $8.3M fully covers short-term debt of $3.4M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
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 2026-10-30
Where each multiple sits in its own 15-yr range · 82th pct blended
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 -2898% against ROIC -29% — -2869% 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 -612.1% — 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
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 | 85.1 | 85.5 | 75.4 | 61.4 | 64.9 | 72.9 | 67.4 | 68.7 |
| Gross Profit | 14.9 | 14.5 | 24.6 | 38.6 | 35.1 | 27.1 | 32.6 | 31.3 |
| R&D | 2.4 | 2.1 | 4.7 | 6.6 | 7.0 | 8.5 | 6.7 | 6.4 |
| SG&A | 9.9 | 11.1 | 25.4 | 27.5 | 31.1 | 37.7 | 31.5 | 34.2 |
| Operating Income | 2.6 | 1.0 | -16.2 | -8.7 | -10.6 | -21.1 | -6.9 | -13.4 |
| Income Tax | -1.8 | 0.3 | -5.5 | -6.3 | -4.7 | 0.3 | 0.1 | 0.0 |
| Net Income | 4.7 | 0.1 | -23.9 | -32.0 | -104.9 | -96.4 | 9.4 | -30.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LFCR: 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.