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 4/5 core metricsLatest reported annual revenue changed -16.3% from the prior reported annual observation.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Revenue contracted
Latest reported annual revenue changed -16.3% 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.
- Free cash flow was negative
Latest reported free cash flow was -$6M.
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.
- Operating margin improved
Operating margin changed +46.3 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
- 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
- 2026-10-21
- 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- All Other Segments$12.2M100.0%-16.3% yoy
Members sum to the consolidated $12.2M for this period.
- Product$11.8Mshare n/a-16.9% yoy
- mm Wave I Cs$6.73Mshare n/a+2129.8% yoy
- Memory I Cs$2.72Mshare n/a-78.9% yoy
- mm Wave Modules$2.29Mshare n/a+127.7% yoy
- Royalty And Other$348Kshare n/a+7.1% yoy
- mm Wave Other Products$98Kshare n/a+292.0% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Taiwan$5.28M43.3%+2116.4% yoy
- Europe$3.13M25.7%+214.8% yoy
- North America$2.36M19.3%-81.1% yoy
- Rest of world$1.42M11.6%+264.9% yoy
- Hong Kong$14K0.1%-97.0% yoy
Members sum to the consolidated $12.2M for this period.
- Product$1.24Mshare n/ano prior
- mm Wave Modules$1.08Mshare n/ano prior
- mm Wave Other Products$80Kshare n/ano prior
- mm Wave I Cs$79Kshare n/ano prior
- Services And Other$63Kshare n/ano prior
- Memory I Cs$7Kshare n/ano 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 · 808 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $12M | 12thof 3,247 bottom third | 11thof 769 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -16.3% | 8thof 3,083 bottom third | 7thof 735 bottom third |
Gross margin gross profit ÷ revenue | 58.0% | 74thof 1,585 top third | 65thof 552 middle third |
Operating margin operating income ÷ revenue | -39.0% | 22ndof 2,777 bottom third | 18thof 742 bottom third |
Net margin net income ÷ revenue | -39.0% | 21stof 3,212 bottom third | 19thof 761 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -46.9% | 16thof 2,640 bottom third | 12thof 692 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -102.5% | 11thof 3,520 bottom third | 10thof 713 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 4.3% | 37thof 2,852 middle third | 49thof 719 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 36 days | 66thof 2,373 middle third | 79thof 706 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 12.9% | 4thof 3,845 bottom third | 4thof 769 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 173.9% | 7thof 3,301 bottom third | 5thof 678 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 · 40 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Stock-based compensation ShareBasedCompensation | quarter 2021-03-31 | $68K 10-Q 2021-05-13 | $1.18M 10-Q 2022-05-13 | +1630.9% | first · latest |
| Interest expense InterestExpense | quarter 2021-03-31 | $30K 10-Q 2021-05-13 | $513K 10-Q 2022-05-13 | +1610.0% | first · latest |
| Interest expense InterestExpense | fiscal year 2020-12-31 | $243K 10-K 2021-03-18 | $2.1M 10-K 2022-03-31 | +764.6% | first · latest |
| Stock-based compensation ShareBasedCompensation | fiscal year 2020-12-31 | $257K 10-K 2021-03-18 | $1.71M 10-K 2022-03-31 | +565.8% | first · latest |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$1.21M 10-Q 2021-08-12 | -$5.43M 10-Q 2022-11-14 | -350.6% | first · latest · 4 filings carry it |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2021-03-31 | $2K 10-Q 2021-05-13 | $9K 10-Q 2022-05-13 | +350.0% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2020-12-31 | -$2.59M 10-K 2021-03-18 | -$10.2M 10-K 2022-03-31 | -295.1% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | $2.93M 10-K 2021-03-18 | -$3.92M 10-K 2023-03-29 | -233.7% | first · latest · 9 filings carry it |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$1.37M 10-Q 2021-05-13 | -$4.16M 10-Q 2022-11-14 | -203.7% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | fiscal year 2020-12-31 | -$3.78M 10-K 2021-03-18 | -$10.2M 10-K 2022-03-31 | -170.6% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2021-09-30 | $22.1M 10-Q 2021-11-12 | -$13.8M 10-Q 2022-11-14 | -162.7% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $11.1M 10-Q 2021-05-13 | -$6.9M 10-Q 2022-11-14 | -162.4% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$1.39M 10-Q 2021-05-13 | -$3.61M 10-Q 2022-05-13 | -160.4% | first · latest |
| Total liabilities Liabilities | balance at 2020-12-31 | $5.37M 10-K 2021-03-18 | $13.9M 10-K 2022-03-31 | +159.2% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | -$1.78M 10-Q 2021-08-12 | -$4.43M 10-Q 2022-08-15 | -148.1% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2021-06-30 | $23.6M 10-Q 2021-08-12 | -$11.2M 10-Q 2022-11-14 | -147.3% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2020-12-31 | -$3.55M 10-K 2021-03-18 | -$8.14M 10-K 2022-03-31 | -129.4% | first · latest |
| Net income NetIncomeLoss | quarter 2021-09-30 | -$1.71M 10-Q 2021-11-12 | -$3.82M 10-Q 2022-11-14 | -122.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-06-30 | 5,977,000 shares 10-Q 2025-08-13 | 5,977 shares 10-Q 2026-08-13 | -99.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-06-30 | 5,977,000 shares 10-Q 2025-08-13 | 5,977 shares 10-Q 2026-08-13 | -99.9% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2022-12-31 | 20,100,000 shares 10-K 2023-03-29 | 503,000 shares 10-K 2024-03-29 | -97.5% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-09-30 | 28,589,000 shares 10-Q 2023-11-13 | 715,000 shares 10-Q 2024-11-13 | -97.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2022-12-31 | 20,100,000 shares 10-K 2023-03-29 | 503,000 shares 10-K 2024-03-29 | -97.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-09-30 | 28,589,000 shares 10-Q 2023-11-13 | 715,000 shares 10-Q 2024-11-13 | -97.5% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-06-30 | 24,338,000 shares 10-Q 2023-08-14 | 612,000 shares 10-Q 2024-08-13 | -97.5% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-06-30 | 24,338,000 shares 10-Q 2023-08-14 | 612,000 shares 10-Q 2024-08-13 | -97.5% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-03-31 | 21,561,000 shares 10-Q 2023-05-15 | 568,000 shares 10-Q 2024-05-14 | -97.4% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-03-31 | 21,561,000 shares 10-Q 2023-05-15 | 568,000 shares 10-Q 2024-05-14 | -97.4% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-09-30 | -$1.72M 10-Q 2021-11-12 | -$3.34M 10-Q 2022-11-14 | -94.6% | first · latest |
| Gross profit GrossProfit | fiscal year 2020-12-31 | $4.47M 10-K 2021-03-18 | $7.34M 10-K 2022-03-31 | +64.4% | 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; share counts re-presented by an integer split ratio are listed as split adjustments, not restatements. 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 PRSO 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.