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 -$9M.
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 -$9M.
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.
- 2 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Operating margin was stable
Operating margin changed +0.6 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.
- Revenue expanded
Latest reported annual revenue changed +22.9% 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.
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
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- Business Services Segment$140M81.1%-0.3% yoy
- Building Solutions Segment$27.6M16.0%no prior
- Energy Services Segment$4.93M2.9%no prior
Members sum to the consolidated $172M for this period.
- Business Services$140M80.9%-0.3% yoy
- Building Solutions$27.6M16.0%no prior
- Energy Services$4.93M2.9%no prior
- Lost In Hole Equipment$418K0.2%no prior
Members sum to the consolidated $172M for this period.
- Australia$68.8M40.0%-2.6% yoy
- United States$60.5M35.1%+127.7% yoy
- Other$21.7M12.6%+9.1% yoy
- United Kingdom$21.1M12.3%-7.9% yoy
Members sum to the consolidated $172M for this period.
- Business Services Segment$35M69.9%+9.9% yoy
- Building Solutions Segment$11.6M23.2%no prior
- Energy Services Segment$3.46M6.9%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 4,122 US-listed filers · 817 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $172M | 32ndof 3,301 bottom third | 30thof 778 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 22.9% | 81stof 3,135 top third | 76thof 743 top third |
Gross margin gross profit ÷ revenue | 46.4% | 62ndof 1,603 middle third | 52ndof 555 middle third |
Operating margin operating income ÷ revenue | -2.1% | 39thof 2,819 middle third | 39thof 752 middle third |
Net margin net income ÷ revenue | -3.4% | 37thof 3,263 middle third | 38thof 770 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -5.2% | 26thof 2,679 bottom third | 20thof 701 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -9.0% | 35thof 3,577 middle third | 32ndof 720 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.9% | 72ndof 2,895 top third | 82ndof 729 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 75 days | 23rdof 2,398 bottom third | 32ndof 712 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 1.6% | 13thof 3,577 bottom third | 11thof 722 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 81.2% | 12thof 3,059 bottom third | 10thof 634 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 · 28 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Total assets Assets | balance at 2025-03-31 | $53.2M 10-Q 2025-05-13 | $113M 10-Q 2026-05-12 | +112.9% | first · latest |
| Total assets Assets | balance at 2025-06-30 | $55.6M 10-Q 2025-08-08 | $113M 10-Q 2026-08-14 | +103.7% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2025-03-31 | $21.3M 10-Q 2025-05-13 | $35.2M 10-Q 2026-05-12 | +65.5% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2021-03-31 | $17.1M 10-Q 2021-05-07 | $25.7M 10-Q 2022-05-10 | +50.4% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2025-06-30 | $23.5M 10-Q 2025-08-08 | $35.2M 10-Q 2026-08-14 | +49.6% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2021-06-30 | $19.6M 10-Q 2021-08-06 | $25.7M 10-Q/A 2023-04-28 | +31.6% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2021-03-31 | $47M 10-Q 2021-05-07 | $61.2M 10-Q 2022-05-10 | +30.4% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2023-06-30 | $27.5M 10-Q 2023-08-10 | $19.7M 10-Q 2024-08-08 | -28.2% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2023-03-31 | $27.4M 10-Q 2023-05-11 | $19.7M 10-Q 2024-05-10 | -28.0% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2021-09-30 | $21M 10-Q 2021-11-05 | $25.7M 10-Q/A 2023-04-28 | +22.8% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2021-06-30 | $50.3M 10-Q 2021-08-06 | $61.2M 10-Q/A 2023-04-28 | +21.8% | first · latest · 3 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2023-09-30 | $24.9M 10-Q 2023-11-13 | $19.7M 10-Q 2024-11-12 | -20.8% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2024-06-30 | $24.5M 10-Q 2024-08-08 | $20.1M 10-Q 2025-08-08 | -18.0% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2024-09-30 | $24.5M 10-Q 2024-11-12 | $20.1M 10-Q 2025-11-14 | -17.9% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2022-06-30 | $31.6M 10-Q 2022-08-11 | $26.3M 10-Q 2023-08-10 | -17.0% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2021-09-30 | $54M 10-Q 2021-11-05 | $61.2M 10-Q/A 2023-04-28 | +13.4% | first · latest · 3 filings carry it |
| Revenue Revenues | quarter 2022-06-30 | $51M 10-Q 2022-08-11 | $56.7M 10-Q 2023-08-10 | +11.3% | first · latest · 3 filings carry it |
| Total assets Assets | balance at 2024-03-31 | $59.2M 10-Q 2024-05-10 | $52.6M 10-Q 2025-05-13 | -11.2% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2022-09-30 | $29.1M 10-Q 2022-11-10 | $26.3M 10-Q 2023-11-13 | -9.9% | first · latest · 3 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2022-03-31 | $28.9M 10-Q 2022-05-10 | $26.3M 10-Q 2023-05-11 | -9.2% | first · latest |
| Total assets Assets | balance at 2024-09-30 | $57.2M 10-Q 2024-11-12 | $52.6M 10-Q 2025-11-14 | -8.0% | first · latest |
| Total assets Assets | balance at 2022-03-31 | $63.3M 10-Q 2022-05-10 | $67.9M 10-Q 2023-05-11 | +7.3% | first · latest |
| Total assets Assets | balance at 2023-06-30 | $65.7M 10-Q 2023-08-10 | $61M 10-Q 2024-08-08 | -7.3% | first · latest |
| Total assets Assets | balance at 2023-03-31 | $65.5M 10-Q 2023-05-11 | $61M 10-Q 2024-05-10 | -6.9% | first · latest |
| Total assets Assets | balance at 2024-06-30 | $56.1M 10-Q 2024-08-08 | $52.6M 10-Q 2025-08-08 | -6.3% | first · latest |
| Total assets Assets | balance at 2022-06-30 | $71.7M 10-Q 2022-08-11 | $67.9M 10-Q 2023-08-10 | -5.2% | first · latest · 3 filings carry it |
| Receivables AccountsReceivableNetCurrent | balance at 2024-03-31 | $21M 10-Q 2024-05-10 | $20.1M 10-Q 2025-05-13 | -4.2% | first · latest |
| Total assets Assets | balance at 2022-09-30 | $67M 10-Q 2022-11-10 | $67.9M 10-Q 2023-11-13 | +1.5% | first · latest · 3 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 STRR 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.