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
Caution evidenceCoverage 3/5 core metricsDebt/equity is shown as not meaningful rather than as a negative leverage ratio.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Shareholders' equity was non-positive
Debt/equity is shown as not meaningful rather than as a negative leverage ratio.
Why this surfaced
Same-period reported shareholders' equity was zero or negative; review the balance sheet and capital structure. Period end 2025-12-31.
- 5 filing risk checks flagged
Flagged areas: Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
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- Therapy$854K69.7%no prior
- Procedures$371K30.3%no prior
Members sum to the consolidated $1.23M for this period.
- Therapy$871K79.1%no prior
- Procedures$230K20.9%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 4,060 US-listed filers · 790 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $1M | 4thof 3,247 bottom third | 11thof 512 bottom third |
Operating margin operating income ÷ revenue | -1324.4% | 6thof 2,777 bottom third | 18thof 474 bottom third |
Net margin net income ÷ revenue | -2336.5% | 4thof 3,212 bottom third | 14thof 508 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 18.6% | 17thof 2,852 bottom third | 37thof 466 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 48 days | 52ndof 2,373 middle third | 57thof 382 middle third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -174.8% | 99thof 3,845 top third | 98thof 752 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -3.9% | 66thof 3,301 middle third | 58thof 662 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 · 35 changed periods, 26 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | fiscal year 2020-12-31 | -$434K 10-K 2021-04-01 | -$51.8M 10-K 2022-03-31 | -11818.9% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$236K 10-Q 2021-05-21 | -$25.6M 10-Q 2022-05-16 | -10768.9% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2020-12-31 | -$907K 10-K 2021-04-01 | -$51.4M 10-K 2022-03-31 | -5563.1% | first · latest · 3 filings carry it |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2021-06-30 | $515K 10-Q 2021-08-16 | $22.8M 10-Q/A 2022-08-12 | +4335.7% | first · latest |
| Net income NetIncomeLoss | quarter 2020-09-30 | -$126K 10-Q 2020-11-16 | -$5.16M 10-Q/A 2022-08-12 | -4003.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-09-30 | -$169K 10-Q 2020-11-16 | -$5.15M 10-Q/A 2022-08-12 | -2946.4% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$894K 10-Q 2021-05-21 | -$25.5M 10-Q 2022-11-14 | -2752.0% | first · latest · 8 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | $2.77M 10-K 2021-04-01 | -$43.8M 10-K 2023-03-31 | -1680.8% | first · latest · 12 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2021-03-31 | -$179K 10-Q 2021-05-21 | -$3.02M 10-Q 2022-05-16 | -1585.3% | first · latest |
| Total liabilities Liabilities | balance at 2020-12-31 | $3.28M 10-K 2021-04-01 | $46.7M 10-Q/A 2022-08-12 | +1323.5% | first · latest · 8 filings carry it |
| Net income NetIncomeLoss | quarter 2020-03-31 | $273K 10-Q 2020-05-15 | -$1.59M 10-Q/A 2022-08-12 | -682.0% | first · latest · 8 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $1.22M 10-Q 2021-05-21 | $6.39M 10-Q 2022-11-14 | +423.8% | first · latest · 8 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2020-12-31 | -$599K 10-K 2021-04-01 | -$2.27M 10-K 2022-03-31 | -278.4% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-06-30 | $3.63M 10-Q 2020-08-14 | -$5.92M 10-Q/A 2022-08-12 | -263.3% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-03-31 | $3.78M 10-Q 2020-05-15 | -$6.12M 10-Q/A 2022-08-12 | -262.0% | first · latest · 8 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-09-30 | $3.2M 10-Q 2020-11-16 | -$2.83M 10-Q/A 2022-08-12 | -188.4% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2020-06-30 | -$150K 10-Q 2020-08-14 | $102K 10-Q/A 2022-08-12 | +168.4% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-06-30 | -$181K 10-Q 2020-08-14 | $105K 10-Q/A 2022-08-12 | +157.8% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-06-30 | -$17.4M 10-Q 2021-08-16 | -$39.8M 10-Q 2022-11-14 | -128.1% | first · latest · 6 filings carry it |
| Debt issued ProceedsFromNotesPayable | fiscal year 2020-12-31 | $274K 10-K 2021-04-01 | $620K 10-K 2022-03-31 | +126.1% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$16M 10-Q 2021-08-16 | -$117K 10-Q 2022-11-14 | +99.3% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | quarter 2021-09-30 | -$20.8M 10-Q 2021-11-15 | -$37M 10-Q 2022-11-14 | -78.3% | first · latest · 3 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-03-31 | 67,453,897 shares 10-Q 2023-05-15 | 16,410,062 shares 10-Q 2025-05-15 | -75.7% | first · latest · 3 filings carry it |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2021-09-30 | $775K 10-Q 2021-11-15 | $1.26M 10-Q/A 2022-08-12 | +62.7% | first · latest |
| Total liabilities Liabilities | balance at 2021-06-30 | $36M 10-Q 2021-08-16 | $58.3M 10-Q/A 2022-08-12 | +62.1% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | -$9.44M 10-Q 2023-05-15 | -$3.85M 10-Q 2025-05-15 | +59.2% | first · latest · 3 filings carry it |
4 share-count periods re-presented for a stock split (1-for-10) 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 NRXP 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.