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 free cash flow was -$59M.
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 -$59M.
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.
- 3 filing risk checks flagged
Flagged areas: Earnings quality, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +34.3% 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.
- Operating margin improved
Operating margin changed +4.0 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
- 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- Logistics$177M89.7%+20.4% yoy
- Clinical$20.3M10.3%no prior
Members sum to the consolidated $197M for this period.
- Logistics$47.6M70.6%+32.4% yoy
- Clinical$19.8M29.4%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 4,003 US-listed filers · 318 in Healthcare| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $197M | 34thof 3,301 middle third | 44thof 291 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 34.3% | 86thof 3,137 top third | 88thof 277 top third |
Gross margin gross profit ÷ revenue | 20.9% | 22ndof 1,603 bottom third | 7thof 212 bottom third |
Operating margin operating income ÷ revenue | -11.3% | 31stof 2,819 bottom third | 43rdof 280 middle third |
Net margin net income ÷ revenue | 21.0% | 86thof 3,263 top third | 95thof 290 top third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -29.7% | 18thof 2,679 bottom third | 26thof 261 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 14.8% | 79thof 3,576 top third | 85thof 291 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 9.1% | 26thof 2,895 bottom third | 30thof 272 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 74 days | 23rdof 2,398 bottom third | 23rdof 266 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 · 32 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2020-06-30 | -$5.98K 10-Q 2020-08-13 | -$1.32M 10-Q 2021-08-16 | -22049.8% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | fiscal year 2020-12-31 | $128K 10-K 2021-03-10 | -$20.5M 10-K/A 2021-05-07 | -16168.4% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$235K 10-Q 2021-05-24 | -$4.22M 10-Q 2022-05-10 | -1697.0% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-03-31 | $485K 10-Q 2021-05-24 | $7.51M 10-Q 2022-05-10 | +1448.0% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2020-09-30 | $890K 10-Q 2020-11-10 | $12.2M 10-K 2021-12-20 | +1267.2% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2020-06-30 | $1.02M 10-Q 2020-08-13 | $13M 10-Q 2021-08-16 | +1182.5% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2020-06-30 | -$116K 10-Q 2020-08-13 | -$1.48M 10-Q 2021-08-16 | -1177.3% | first · latest |
| Net income NetIncomeLoss | quarter 2020-03-31 | $572K 10-Q 2020-05-13 | $5.7M 10-Q 2021-05-24 | +895.9% | first · latest · 5 filings carry it |
| Total liabilities Liabilities | balance at 2020-12-31 | $10M 10-K 2021-03-10 | $46.8M 10-Q 2021-05-24 | +367.1% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$1.08M 10-Q 2021-05-24 | -$4.22M 10-Q 2022-05-10 | -290.5% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2020-03-31 | $5M 10-Q 2020-05-13 | $12.8M 10-Q 2021-08-16 | +155.9% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-06-30 | $5M 10-Q 2020-08-13 | $11.6M 10-Q 2021-08-16 | +131.2% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-09-30 | $5M 10-Q 2020-11-10 | $11.1M 10-K 2023-03-16 | +121.6% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2024-09-30 | -$3.54M 10-Q 2024-11-12 | -$7.09M 10-Q 2025-11-10 | -100.5% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | $5M 10-K 2021-03-10 | $10M 10-Q 2022-11-10 | +99.9% | first · latest · 6 filings carry it |
| Total assets Assets | balance at 2020-09-30 | $278M 10-Q 2020-11-10 | $17.7M 10-K 2021-12-20 | -93.6% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2021-03-31 | -$361K 10-Q 2021-05-24 | -$605K 10-Q 2022-05-10 | -67.7% | first · latest |
| Goodwill Goodwill | balance at 2023-12-31 | $40.4M 10-K 2024-03-12 | $13.3M 10-K 2026-03-03 | -67.0% | first · latest · 6 filings carry it |
| Goodwill Goodwill | balance at 2024-12-31 | $41M 10-K 2025-03-13 | $15.5M 10-K 2026-03-03 | -62.1% | first · latest · 5 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $5M 10-Q 2021-05-24 | $7.7M 10-Q 2022-08-09 | +53.9% | first · latest · 4 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2024-09-30 | $74.9M 10-Q 2024-11-12 | $36.1M 10-Q 2025-11-10 | -51.8% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2024-12-31 | $13.7M 10-K 2025-03-13 | $7.96M 10-K 2026-03-03 | -41.7% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2024-12-31 | $249M 10-K 2025-03-13 | $147M 10-K 2026-03-03 | -41.0% | first · latest |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2025-06-30 | $70.8M 10-Q 2025-08-05 | $45.1M 10-Q 2026-08-04 | -36.3% | first · latest |
| Total liabilities Liabilities | balance at 2020-09-30 | $10.1M 10-Q 2020-11-10 | $6.63M 10-K 2021-12-20 | -34.2% | first · latest · 3 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2025-03-31 | $54.3M 10-Q 2025-05-12 | $35.9M 10-Q 2026-05-06 | -33.8% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2024-12-31 | -$33.9M 10-K 2025-03-13 | -$22.5M 10-K 2026-03-03 | +33.6% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2025-03-31 | -$7.58M 10-Q 2025-05-12 | -$5.68M 10-Q 2026-05-06 | +25.0% | first · latest |
| Deferred revenue (current) ContractWithCustomerLiabilityCurrent | balance at 2021-09-30 | $3.97M 10-Q 2021-08-16 | $4.65M 10-K 2021-12-20 | +17.1% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2024-12-31 | $21.6M 10-K 2025-03-13 | $19.8M 10-K 2026-03-03 | -8.2% | first · latest · 5 filings carry it |
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 SRTA 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.