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 metricsOperating margin changed -494.7 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -494.7 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2019-12-31.
- Free cash flow was negative
Latest reported free cash flow was -$25M.
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: 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
- 2026-09-06
- 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 filingThe latest 10-K carries no single-axis revenue breakdown; the quarter below is the only reported split.
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 4,119 US-listed filers · 318 in Healthcare| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Return on equity net income ÷ stockholders' equity (positive equity only) | -169.2% | 7thof 3,577 bottom third | 14thof 291 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -5.7% | 57thof 3,461 middle third | 44thof 261 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -38.6% | 88thof 2,960 top third | 87thof 227 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 · 35 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-06-30 | 50,795 shares 10-Q 2023-08-14 | 50,795,000 shares 10-Q 2024-08-13 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-09-30 | 50,837 shares 10-Q 2023-11-13 | 50,837,000 shares 10-Q 2024-11-13 | +99900.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2024-12-31 | 54,981 shares 10-K 2025-03-31 | 54,981,000 shares 10-K 2026-03-26 | +99900.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2024-12-31 | 54,981 shares 10-K 2025-03-31 | 54,981,000 shares 10-K 2026-03-26 | +99900.0% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | fiscal year 2021-12-31 | $14K 10-K 2022-03-29 | $572K 10-K 2023-03-31 | +3985.7% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2022-03-31 | $13K 10-Q 2022-05-16 | $340K 10-Q 2023-05-15 | +2515.4% | first · latest |
| Stock-based compensation ShareBasedCompensation | fiscal year 2021-12-31 | $75K 10-K 2022-03-29 | $1.67M 10-K 2023-03-31 | +2124.0% | first · latest |
| Depreciation and amortization DepreciationDepletionAndAmortization | quarter 2022-03-31 | $16K 10-Q 2022-05-16 | $83K 10-Q 2023-05-15 | +418.8% | first · latest |
| Depreciation and amortization DepreciationDepletionAndAmortization | fiscal year 2021-12-31 | $70K 10-K 2022-03-29 | $345K 10-K 2023-03-31 | +392.9% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | -$672K 10-K 2021-03-16 | $1.95M 10-K 2023-03-31 | +390.2% | first · latest · 9 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-06-30 | $63.1M 10-Q 2022-08-12 | -$4.82M 10-Q 2023-11-13 | -107.6% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2022-03-31 | $66.2M 10-Q 2022-05-16 | -$1.12M 10-Q 2023-11-13 | -101.7% | first · latest · 6 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-09-30 | $72M 10-Q 2021-11-12 | $1.18M 10-Q 2022-11-14 | -98.4% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2021-06-30 | $72.1M 10-Q 2021-08-13 | $1.4M 10-Q 2022-11-14 | -98.1% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-09-30 | $69.6M 10-Q 2021-11-12 | $1.43M 10-Q 2022-11-14 | -97.9% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2021-12-31 | $69.6M 10-K 2022-03-29 | $2.18M 10-Q 2022-11-14 | -96.9% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-12-31 | $68.4M 10-K 2022-03-29 | $2.46M 10-K 2024-03-26 | -96.4% | first · latest · 9 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $21M 10-Q 2021-05-13 | $1.6M 10-Q 2022-11-14 | -92.4% | first · latest · 6 filings carry it |
| Total assets Assets | balance at 2021-12-31 | $70.9M 10-K 2022-03-29 | $5.45M 10-K 2023-03-31 | -92.3% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | quarter 2022-03-31 | -$2.21M 10-Q 2022-05-16 | -$3.92M 10-Q 2023-11-13 | -77.4% | first · latest · 6 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-03-31 | -$2.22M 10-Q 2022-05-16 | -$3.91M 10-Q 2023-05-15 | -76.3% | first · latest |
| Capital expenditure PaymentsToAcquirePropertyPlantAndEquipment | quarter 2022-03-31 | $18K 10-Q 2022-05-16 | $30K 10-Q 2023-05-15 | +66.7% | first · latest |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2022-03-31 | -$1.98M 10-Q 2022-05-16 | -$3.18M 10-Q 2023-05-15 | -60.8% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2021-12-31 | -$8.93M 10-K 2022-03-29 | -$13.3M 10-K 2023-03-31 | -49.1% | first · latest |
| Net income NetIncomeLoss | fiscal year 2021-12-31 | -$8.92M 10-K 2022-03-29 | -$12.8M 10-K 2023-03-31 | -43.2% | first · latest |
| Net income NetIncomeLoss | quarter 2021-09-30 | -$2.5M 10-Q 2021-11-12 | -$3.49M 10-Q 2022-11-14 | -39.6% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2021-09-30 | -$2.5M 10-Q 2021-11-12 | -$3.48M 10-Q 2022-11-14 | -39.2% | first · latest · 3 filings carry it |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2020-12-31 | $3.18M 10-K 2021-03-16 | $2.08M 10-Q 2022-11-14 | -34.5% | first · latest · 8 filings carry it |
| Net income NetIncomeLoss | quarter 2022-06-30 | -$3.08M 10-Q 2022-08-12 | -$4.1M 10-Q 2023-11-13 | -33.4% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2022-06-30 | -$3.13M 10-Q 2022-08-12 | -$4.09M 10-Q 2023-08-14 | -30.6% | 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. 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 VANI 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.