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 annual revenue changed -22.6% 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 -22.6% 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 -$4M.
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: Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Operating margin improved
Operating margin changed +2.4 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
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- Marketing Segment$173M65.0%-34.4% yoy
- Products Segment$93.2M35.0%+15.8% yoy
Members sum to the consolidated $266M for this period.
- United States$263M98.8%-21.0% yoy
- Outside the United States$3.17M1.2%-70.8% yoy
Members sum to the consolidated $266M for this period.
- Products Segment$18.8M50.6%-15.4% yoy
- Marketing Segment$18.4M49.4%-64.8% 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 4,144 US-listed filers · 818 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $266M | 36thof 3,302 middle third | 33rdof 778 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -22.6% | 6thof 3,136 bottom third | 4thof 743 bottom third |
Operating margin operating income ÷ revenue | -23.3% | 26thof 2,820 bottom third | 24thof 752 bottom third |
Net margin net income ÷ revenue | -24.6% | 24thof 3,264 bottom third | 22ndof 770 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -1.6% | 31stof 2,680 bottom third | 24thof 701 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -214.5% | 5thof 3,578 bottom third | 5thof 720 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 4.3% | 38thof 2,896 middle third | 50thof 729 middle third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 79 days | 20thof 2,399 bottom third | 28thof 712 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -14.2% | 81stof 3,874 top third | 74thof 770 top third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -21.7% | 81stof 3,321 top third | 82ndof 678 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 · 61 changed periods, 22 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-12-31 | $53.1K 10-K 2022-03-31 | $47.9M 10-K 2023-06-06 | +90019.9% | first · latest · 8 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-06-30 | $102K 10-Q 2021-08-23 | $34.6M 10-Q/A 2023-06-06 | +33656.2% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2020-06-30 | -$31.9K 10-Q 2020-08-14 | -$8.48M 10-Q 2021-11-16 | -26509.6% | first · latest · 4 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-09-30 | $177K 10-Q 2021-11-16 | $36.2M 10-Q/A 2023-06-06 | +20344.7% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-03-31 | $319K 10-Q 2021-07-02 | $30.9M 10-Q/A 2023-06-06 | +9564.6% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | -$249K 10-Q 2021-08-23 | $16.3M 10-Q/A 2023-06-06 | +6656.7% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2021-12-31 | -$1.24M 10-K 2022-03-31 | $60.7M 10-K 2023-06-06 | +4993.6% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-09-30 | -$781K 10-Q 2021-11-16 | $16M 10-Q/A 2023-06-06 | +2152.6% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2021-03-31 | -$524K 10-Q 2021-07-02 | $10.1M 10-Q/A 2023-06-06 | +2031.3% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | $5M 10-K 2021-04-02 | -$81.3M 10-K 2022-03-31 | -1726.6% | first · latest · 8 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-09-30 | $5M 10-Q 2020-11-12 | -$60.8M 10-Q 2021-11-16 | -1317.0% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2020-06-30 | $5M 10-Q 2020-08-14 | -$59.9M 10-K/A 2021-12-01 | -1298.1% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-09-30 | -$42.3M 10-Q 2022-11-14 | -$355M 10-Q 2023-11-09 | -739.6% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$1.72M 10-Q 2021-07-02 | $10.9M 10-Q/A 2023-06-06 | +737.2% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2022-09-30 | -$31.6M 10-Q 2022-11-14 | -$242M 10-Q 2023-11-09 | -663.8% | first · latest · 3 filings carry it |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$2.7M 10-Q 2021-08-23 | $11.8M 10-Q/A 2023-06-06 | +536.8% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | -$13.3M 10-K 2022-03-31 | $50.8M 10-K 2023-06-06 | +481.4% | first · latest |
| Net income NetIncomeLoss | quarter 2020-09-30 | -$173K 10-Q 2020-11-12 | -$944K 10-Q 2021-11-16 | -445.0% | first · latest |
| Total liabilities Liabilities | balance at 2021-12-31 | $60.4M 10-K 2022-03-31 | $285M 10-K 2023-06-06 | +372.2% | first · latest · 8 filings carry it |
| Total liabilities Liabilities | balance at 2020-12-31 | $18.7M 10-K 2021-04-02 | $82.4M 10-K 2022-03-31 | +340.0% | first · latest · 8 filings carry it |
| Net income NetIncomeLoss | quarter 2021-09-30 | $6.1M 10-Q 2021-11-16 | $11.4M 10-Q/A 2023-06-06 | +86.4% | first · latest · 3 filings carry it |
| Goodwill Goodwill | balance at 2022-12-31 | $516M 10-K 2023-06-06 | $82.4M 10-K 2024-03-15 | -84.0% | first · latest · 5 filings carry it |
8 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 SST 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.