Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 5/5 core metricsOperating margin changed -190.2 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -190.2 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Free cash flow was negative
Latest reported free cash flow was -$84M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2025-12-31.
- 5 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +66.3% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-09-06
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- License$3.4M58.4%no prior
- Product$2.42M41.6%no prior
Members sum to the consolidated $5.82M for this period.
- Product$8.72M100.0%no prior
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,144 US-listed filers · 804 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $6M | 9thof 3,302 bottom third | 19thof 522 bottom third |
Operating margin operating income ÷ revenue | -1536.9% | 5thof 2,820 bottom third | 17thof 483 bottom third |
Net margin net income ÷ revenue | 1223.1% | 99thof 3,264 top third | 100thof 518 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -1448.5% | 4thof 2,680 bottom third | 13thof 433 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 44.7% | 96thof 3,578 top third | 98thof 701 top third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | -23.9× | 14thof 819 bottom third | 34thof 155 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 185.2% | 5thof 2,896 bottom third | 15thof 476 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 386 days | 1stof 2,399 bottom third | 2ndof 387 bottom third |
Cash conversion operating cash flow ÷ net income (net income > 0) | -1.1× | 3rdof 2,253 bottom third | 4thof 193 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 89.8% | 0thof 3,874 bottom third | 1stof 760 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 87.1% | 12thof 3,321 bottom third | 19thof 669 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 9 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2022-06-30 | -$8.29M 10-Q 2022-08-11 | -$4.1M 10-Q 2023-08-08 | +50.6% | first · latest |
| Interest expense InterestExpense | quarter 2022-06-30 | $317K 10-Q 2022-08-11 | $200K 10-Q 2023-08-08 | -36.9% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2022-03-31 | $31.4M 10-Q 2022-05-13 | $21.2M 10-Q 2023-08-08 | -32.6% | first · latest · 4 filings carry it |
| Net income NetIncomeLoss | quarter 2022-09-30 | -$9.48M 10-Q 2022-11-14 | -$6.43M 10-Q 2023-11-13 | +32.2% | first · latest |
| Total liabilities Liabilities | balance at 2021-12-31 | $28.2M 10-K 2022-03-31 | $37.2M 10-K 2023-03-29 | +31.9% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-06-30 | $20.1M 10-Q 2022-08-11 | $14M 10-Q 2023-11-13 | -30.2% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-09-30 | $15.4M 10-Q 2022-11-14 | $12.4M 10-Q 2023-11-13 | -19.5% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2021-12-31 | $51.4M 10-K 2022-03-31 | $42.4M 10-K 2024-03-18 | -17.5% | first · latest · 9 filings carry it |
| Net income NetIncomeLoss | quarter 2022-03-31 | -$20.8M 10-Q 2022-05-13 | -$22M 10-Q 2023-05-11 | -6.0% | first · latest |
1 share-count period re-presented for a stock split (1-for-25) are listed apart from restatements and not counted above.
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for ABEO yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.