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 metricsLatest reported free cash flow was -$377,000.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Free cash flow was negative
Latest reported free cash flow was -$377,000.
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.
- 4 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +10.8% 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.
- Operating margin improved
Operating margin changed +1.2 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.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- 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
- 2026-10-21
- 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- United States$59.5M60.1%+18.4% yoy
- Outside the United States$39.5M39.9%+1.1% yoy
Members sum to the consolidated $99M for this period.
- United States$14.9M63.8%+1.1% yoy
- Outside the United States$8.44M36.2%-14.8% yoy
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 4,060 US-listed filers · 126 in Communication| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $99M | 27thof 3,247 bottom third | 18thof 122 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 10.8% | 63rdof 3,083 middle third | 71stof 116 top third |
Gross margin gross profit ÷ revenue | 87.1% | 97thof 1,585 top third | 98thof 21 top third |
Operating margin operating income ÷ revenue | -5.2% | 35thof 2,777 middle third | 37thof 115 middle third |
Net margin net income ÷ revenue | -4.5% | 35thof 3,212 middle third | 40thof 120 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -0.4% | 33rdof 2,640 middle third | 33rdof 103 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -5.1% | 37thof 3,520 middle third | 37thof 98 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 20 days | 82ndof 2,373 top third | 77thof 106 top third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | -1.4× | 92ndof 1,524 top third | 96thof 62 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -6.9% | 61stof 3,845 middle third | 44thof 115 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 6.5% | 45thof 3,301 middle third | 35thof 93 middle 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 · 37 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2022-03-31 | $86K 10-Q 2022-05-02 | -$104K 10-K 2024-03-29 | -220.9% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2022-06-30 | $116K 10-Q 2022-08-01 | -$74K 10-K 2024-03-29 | -163.8% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2022-12-31 | $11.5M 10-K 2023-03-06 | $1.68M 10-K 2024-03-29 | -85.4% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2023-03-31 | $3.14M 10-Q 2023-05-01 | $686K 10-Q 2024-05-06 | -78.1% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2022-03-31 | $4M 10-Q 2022-05-02 | $1.2M 10-K 2024-03-29 | -70.0% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2023-03-31 | $3.87M 10-Q 2023-05-01 | $1.42M 10-Q 2024-05-06 | -63.4% | first · latest · 3 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2022-03-31 | $4.98M 10-Q 2022-05-02 | $2.18M 10-K 2024-03-29 | -56.3% | first · latest · 3 filings carry it |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2022-12-31 | $15.9M 10-K 2023-03-06 | $7.62M 10-K 2024-03-29 | -52.2% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2023-03-31 | $4.16M 10-Q 2023-05-01 | $1.99M 10-Q 2024-05-06 | -52.1% | first · latest |
| Net income NetIncomeLoss | quarter 2023-09-30 | -$588K 10-Q 2023-10-30 | -$713K 10-Q 2024-11-04 | -21.3% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2024-09-30 | -$1.5M 10-Q 2024-11-04 | -$1.19M 10-Q 2025-11-04 | +20.5% | first · latest |
| Net income NetIncomeLoss | quarter 2025-03-31 | -$1.22M 10-Q 2025-05-12 | -$1.01M 10-Q 2026-05-04 | +16.8% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | fiscal year 2022-12-31 | -$3.1M 10-K 2023-03-06 | -$3.6M 10-K 2024-03-29 | -16.2% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-09-30 | -$1.36M 10-Q 2024-11-04 | -$1.16M 10-Q 2025-11-04 | +14.3% | first · latest |
| Net income NetIncomeLoss | quarter 2025-06-30 | -$2.05M 10-Q 2025-08-11 | -$1.8M 10-Q 2026-08-10 | +12.0% | first · latest |
| Net income NetIncomeLoss | quarter 2023-03-31 | -$1.14M 10-Q 2023-05-01 | -$1.27M 10-Q 2024-11-04 | -10.9% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | quarter 2023-06-30 | -$1.72M 10-Q 2023-07-31 | -$1.84M 10-Q 2024-11-04 | -7.3% | first · latest · 4 filings carry it |
| Net income NetIncomeLoss | quarter 2022-09-30 | -$2.38M 10-Q 2022-11-07 | -$2.53M 10-K 2024-03-29 | -6.7% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | -$5.93M 10-K 2025-03-10 | -$5.72M 10-K 2026-03-06 | +3.6% | first · latest |
| Net income NetIncomeLoss | fiscal year 2024-12-31 | -$5.4M 10-K 2025-03-10 | -$5.23M 10-K 2026-03-06 | +3.1% | first · latest |
| Total assets Assets | balance at 2023-09-30 | $138M 10-Q 2023-10-30 | $135M 10-K 2024-03-29 | -2.5% | first · latest |
| Total assets Assets | balance at 2023-06-30 | $138M 10-Q 2023-07-31 | $134M 10-K 2024-03-29 | -2.5% | first · latest |
| Total assets Assets | balance at 2023-03-31 | $138M 10-Q 2023-05-01 | $134M 10-K 2024-03-29 | -2.4% | first · latest |
| Total assets Assets | balance at 2022-12-31 | $138M 10-K 2023-03-06 | $135M 10-K 2024-03-29 | -2.3% | first · latest · 5 filings carry it |
| Total assets Assets | balance at 2022-06-30 | $131M 10-Q 2022-08-01 | $129M 10-K 2024-03-29 | -2.2% | first · latest |
| Total assets Assets | balance at 2022-09-30 | $137M 10-Q 2022-11-07 | $134M 10-K 2024-03-29 | -2.2% | first · latest |
| Total assets Assets | balance at 2022-03-31 | $133M 10-Q 2022-05-02 | $130M 10-K 2024-03-29 | -2.1% | first · latest |
| Gross profit GrossProfit | quarter 2024-03-31 | $18.5M 10-Q 2024-05-06 | $18.2M 10-Q 2025-05-12 | -1.9% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-03-31 | $21.7M 10-Q 2024-05-06 | $21.3M 10-Q 2025-05-12 | -1.8% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2024-06-30 | -$2.02M 10-Q 2024-08-05 | -$1.99M 10-Q 2025-08-11 | +1.3% | first · latest |
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 GAIA 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.