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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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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.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 120%. 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.
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 -$2.3M 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.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2026
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 | FY2026 | FY2025 | FY2024 | FY2023 | FY2023 | FY2022 | FY2021 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M 100.0% | $2.1M 100.0% | $1.6M 100.0% | $3.7M 100.0% | $3.4M 100.0% | $3.6M 100.0% | $10K 100.0% | — | — | — |
| Cost of Revenue | $1.6M 106.4% | $2.5M 118.5% | $2.1M 134.0% | $4.1M 111.0% | $4.6M 134.4% | $4.6M 128.3% | $3K 30.0% | — | — | — |
| Gross Profit | -$99K -6.4% | -$396K -18.5% | -$538K -34.0% | -$409K -11.0% | -$1.2M -34.4% | -$1.0M -28.3% | $7K 70.0% | — | — | — |
| Research & Development | $270K 17.5% | $359K 16.8% | $334K 21.1% | $397K 10.7% | $428K 12.5% | $724K 20.3% | — | — | — | — |
| Selling, General & Admin | $2.5M 161.7% | $3.2M 148.2% | $3.9M 245.6% | $4.5M 120.4% | $4.8M 139.4% | $3.5M 99.3% | $48K 484.8% | $179K | $5K | $5K |
| Total Operating Expenses | $6.5M 419.4% | $5.1M 237.7% | $4.6M 288.6% | $6.3M 168.7% | $5.9M 172.1% | $5.9M 166.7% | $48K 484.8% | $217K | $20K | $21K |
| Operating Income | -$6.6M -425.8% | -$5.5M -256.2% | -$5.1M -322.6% | -$6.7M -179.7% | -$7.1M -206.4% | -$6.9M -195.0% | — | — | — | $24K |
| Interest Expense | $64K 4.1% | $91K 4.2% | $27K 1.7% | $1.3M 34.9% | — | — | — | — | — | — |
| Interest & Investment Income | $230 0.0% | $803 0.0% | $718 0.0% | $440 0.0% | $446 0.0% | $3K 0.1% | — | — | — | — |
| Other Income (Expense), net | -$125K -8.1% | -$523K -24.4% | -$373K -23.6% | -$93K -2.5% | -$33K -1.0% | $53K 1.5% | — | $0 | $894 | $408 |
| Pretax Income | -$6.7M -433.9% | -$6.0M -280.6% | -$5.5M -346.2% | -$6.8M -182.2% | -$7.1M -207.4% | -$6.9M -193.5% | $41K 414.8% | — | — | — |
| Income Tax Expense | $12K 0.8% | $7K 0.3% | — | $223 0.0% | $236 0.0% | — | — | — | — | — |
| Net Income | -$6.7M -432.3% | -$6.0M -279.8% | -$5.3M -334.4% | -$6.4M -171.8% | -$6.8M -197.6% | -$6.6M -186.0% | -$41K -414.8% | -$217K | -$20K | -$20K |
| Per Share | ||||||||||
| EPS (Basic) | -$0.01 | -$0.05 | -$1.00 | $0.01 | -$6.42 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | -$0.01 | -$0.05 | -$1.00 | $0.01 | -$6.42 | $0.11 | — | — | — | — |
| Weighted Avg Shares (Basic) | 555.3M | 128.9M | 5.3M | 467.4M | 1.1M | 61.9M | 61.9M | 61.9M | 47.5M | 339.1M |
| Weighted Avg Shares (Diluted) | 555.3M | 128.9M | 5.3M | 467.4M | 1.1M | 61.9M | — | — | — | — |
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.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~0.2% on $25.7M of debt.
Cash of $84K fully covers short-term debt of $73K.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
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 · 67th 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?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 21% against ROIC 120% — -99% 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2021 | FY2022 | FY2023 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | 30.0 | 128.3 | 134.4 | 111.0 | 134.0 | 118.5 | 106.4 |
| Gross Profit | — | 70.0 | -28.3 | -34.4 | -11.0 | -34.0 | -18.5 | -6.4 |
| R&D | — | — | 20.3 | 12.5 | 10.7 | 21.1 | 16.8 | 17.5 |
| SG&A | — | 484.8 | 99.3 | 139.4 | 120.4 | 245.6 | 148.2 | 161.7 |
| Operating Income | — | — | -195.0 | -206.4 | -179.7 | -322.6 | -256.2 | -425.8 |
| Income Tax | — | — | — | 0.0 | 0.0 | — | 0.3 | 0.8 |
| Net Income | — | -414.8 | -186.0 | -197.6 | -171.8 | -334.4 | -279.8 | -432.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SVMB: 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.