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 metricsFlagged areas: Solvency & liquidity, Dilution.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 5 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 +39.5% 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 +10.9 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 turned positive
Latest reported free cash flow was $1M.
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.
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
- 2026-09-06
- 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- Advertising$67.1M49.6%+9.8% yoy
- Digital Marketing Services$57.1M42.2%+181.3% yoy
- Service Other$5.64M4.2%-25.7% yoy
- Syndication$2.35M1.7%-19.5% yoy
- Barter$2M1.5%-23.9% yoy
- Events And Sponsorships$1.14M0.8%-68.5% yoy
Members sum to the consolidated $133M for this period.
- Video Segment$21.6M68.9%+50.8% yoy
- Audio Segment$9.76M31.1%-28.7% 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 4,122 US-listed filers · 130 in Communication| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $133M | 30thof 3,301 bottom third | 22ndof 124 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 39.5% | 88thof 3,135 top third | 91stof 119 top third |
Operating margin operating income ÷ revenue | -18.6% | 27thof 2,819 bottom third | 26thof 117 bottom third |
Net margin net income ÷ revenue | -49.7% | 19thof 3,263 bottom third | 19thof 122 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 0.9% | 37thof 2,679 middle third | 39thof 105 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -143.0% | 9thof 3,577 bottom third | 8thof 100 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 91 days | 13thof 2,398 bottom third | 5thof 107 bottom third |
Net debt ÷ operating cash flow net debt ÷ operating cash flow (OCF > 0) · lower is ranked higher | 29.5× | 3rdof 1,547 bottom third | 7thof 63 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -22.1% | 90thof 3,577 top third | 85thof 105 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -34.6% | 87thof 3,059 top third | 83rdof 87 top 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 · 27 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2021-06-30 | 7,366 shares 10-Q 2021-08-13 | 7,366,000 shares 10-Q 2022-08-12 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2021-06-30 | 7,187 shares 10-Q 2021-08-13 | 7,187,000 shares 10-Q 2022-08-12 | +99900.0% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-06-30 | -$34K 10-Q 2022-08-12 | -$232K 10-Q 2023-08-10 | -582.4% | first · latest |
| Long-term debt LongTermDebtNoncurrent | balance at 2020-12-31 | $26.9M 10-K 2021-03-30 | $93.9M 10-K 2022-03-24 | +248.7% | first · latest · 5 filings carry it |
| Total assets Assets | balance at 2024-03-31 | $97M 10-Q 2024-05-15 | $326M 10-Q 2025-05-20 | +235.7% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2022-03-31 | $816K 10-Q 2022-05-12 | $3K 10-Q 2023-05-11 | -99.6% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2022-09-30 | $906K 10-Q 2022-11-14 | $99K 10-Q 2023-11-13 | -89.1% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2022-06-30 | $904K 10-Q 2022-08-12 | $100K 10-Q 2023-08-10 | -88.9% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | quarter 2022-03-31 | $930K 10-Q 2022-05-12 | $115K 10-Q 2023-05-11 | -87.6% | first · latest |
| Depreciation and amortization DepreciationAndAmortization | fiscal year 2021-12-31 | $3.92M 10-K 2022-03-24 | $688K 10-K 2023-03-31 | -82.5% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2021-12-31 | $1.4M 10-K 2022-03-24 | $366K 10-K 2023-03-31 | -73.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | -$169K 10-Q 2022-11-14 | -$272K 10-Q 2023-11-13 | -61.0% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2021-12-31 | $2.02M 10-K 2022-03-24 | $1.3M 10-K 2023-03-31 | -35.9% | first · latest · 5 filings carry it |
| Interest expense InterestExpense | quarter 2022-03-31 | $3M 10-Q 2022-05-12 | $2.08M 10-Q 2023-05-11 | -30.7% | first · latest |
| Interest expense InterestExpense | quarter 2022-09-30 | $2.4M 10-Q 2022-11-14 | $1.67M 10-Q 2023-11-13 | -30.7% | first · latest |
| Interest expense InterestExpense | quarter 2022-06-30 | $2.78M 10-Q 2022-08-12 | $1.93M 10-Q 2023-08-10 | -30.7% | first · latest |
| Interest expense InterestExpense | fiscal year 2021-12-31 | $11.1M 10-K 2022-03-24 | $7.71M 10-K 2023-03-31 | -30.6% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-09-30 | $11.8M 10-Q 2022-11-14 | $8.27M 10-Q 2023-11-13 | -30.1% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-03-31 | $11.5M 10-Q 2022-05-12 | $8.11M 10-Q 2023-05-11 | -29.7% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | $5.46M 10-K 2022-03-24 | $3.94M 10-K 2023-03-31 | -27.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2021-12-31 | $55.5M 10-K 2022-03-24 | $41.7M 10-K 2023-03-31 | -24.8% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2022-06-30 | $16.2M 10-Q 2022-08-12 | $12.5M 10-Q 2023-08-10 | -22.4% | first · latest |
| Net income ProfitLoss | quarter 2025-06-30 | -$8.8M 10-Q 2025-08-11 | -$7.39M 10-Q 2026-08-14 | +16.0% | first · latest · 3 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2021-12-31 | $13.8M 10-K 2022-03-24 | $12.2M 10-K 2023-03-31 | -11.3% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-03-31 | -$1.23M 10-Q 2022-05-12 | -$1.11M 10-Q 2023-05-11 | +9.7% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2022-03-31 | $1.56M 10-Q 2022-05-12 | $1.45M 10-Q 2023-05-11 | -7.0% | first · latest |
| Stock-based compensation ShareBasedCompensation | fiscal year 2021-12-31 | $3.65M 10-K 2022-03-24 | $3.43M 10-K 2023-03-31 | -6.0% | 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 MDIA 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.