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 4/5 core metricsLatest reported annual revenue changed -72.5% 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 -72.5% 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 compressed
Operating margin changed -1341.5 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.
- Free cash flow was negative
Latest reported free cash flow was -$98M.
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.
- 4 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.
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
- 2026-09-06
- 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- Reportable Segment$7.14M100.0%-72.5% yoy
Members sum to the consolidated $7.14M for this period.
- Product$7.14M100.0%-72.5% yoy
Members sum to the consolidated $7.14M for this period.
- Reportable Segment$0share n/a-100.0% 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 4,122 US-listed filers · 797 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $7M | 10thof 3,301 bottom third | 20thof 522 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -72.5% | 1stof 3,135 bottom third | 4thof 473 bottom third |
Operating margin operating income ÷ revenue | -1601.1% | 5thof 2,819 bottom third | 17thof 483 bottom third |
Net margin net income ÷ revenue | -288.3% | 10thof 3,263 bottom third | 28thof 518 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -1371.4% | 4thof 2,679 bottom third | 13thof 433 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -15.1% | 31stof 3,577 bottom third | 64thof 701 middle third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 138.2% | 6thof 2,895 bottom third | 18thof 476 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 0 days | 100thof 2,398 top third | 98thof 387 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 69.5% | 0thof 3,577 bottom third | 1stof 673 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 122.3% | 9thof 3,059 bottom third | 14thof 593 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 · 30 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Total liabilities Liabilities | balance at 2020-12-31 | $1.87M 10-K 2021-03-11 | $31.3M 10-K 2022-03-17 | +1574.3% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2021-12-31 | $1.12M 10-K 2022-03-17 | $14M 10-K 2024-03-13 | +1150.0% | first · latest · 3 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | quarter 2021-03-31 | -$3.67M 10-Q 2021-05-17 | $10.6M 10-Q 2022-05-12 | +388.1% | first · latest |
| Net income NetIncomeLoss | quarter 2020-06-30 | $9.28M 10-Q 2020-08-12 | -$5.28M 10-Q 2021-11-10 | -156.9% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-06-30 | $35.2M 10-Q 2021-08-11 | -$19.4M 10-Q 2022-11-09 | -155.0% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $39M 10-Q 2021-05-17 | -$17.9M 10-Q 2022-11-09 | -145.8% | first · latest · 6 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-09-30 | $47.3M 10-Q 2020-11-10 | -$20.5M 10-Q 2021-11-10 | -143.3% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2020-06-30 | $42.6M 10-Q 2020-08-12 | -$17.6M 10-Q 2021-11-10 | -141.4% | first · latest · 4 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-03-31 | $33M 10-Q 2020-05-07 | -$12.4M 10-Q 2021-11-10 | -137.5% | first · latest · 6 filings carry it |
| Operating cash flow NetCashProvidedByUsedInOperatingActivities | fiscal year 2020-12-31 | -$5.38M 10-K 2021-03-11 | -$12.7M 10-K 2022-03-17 | -135.9% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2020-12-31 | $43.1M 10-K 2021-03-11 | -$12.4M 10-K 2023-03-29 | -128.9% | first · latest · 9 filings carry it |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2021-06-30 | 47,372,581 shares 10-Q 2021-08-11 | 2,542,358 shares 10-Q 2022-08-10 | -94.6% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2021-06-30 | 47,372,581 shares 10-Q 2021-08-11 | 2,542,358 shares 10-Q 2022-08-10 | -94.6% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2021-06-30 | $557K 10-Q 2021-08-11 | $39K 10-Q 2022-08-10 | -93.0% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2020-09-30 | $332K 10-Q 2020-11-10 | $34K 10-Q 2021-11-10 | -89.8% | first · latest |
| Stock-based compensation ShareBasedCompensation | quarter 2021-03-31 | $346K 10-Q 2021-05-17 | $36K 10-Q 2022-05-12 | -89.6% | first · latest |
| Cash CashAndCashEquivalentsAtCarryingValue | balance at 2020-12-31 | $42.6M 10-K 2021-03-11 | $4.46M 10-K 2022-03-17 | -89.5% | first · latest · 5 filings carry it |
| Stock-based compensation ShareBasedCompensation | fiscal year 2020-12-31 | $1.28M 10-K 2021-03-11 | $139K 10-K 2022-03-17 | -89.2% | first · latest |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$4.41M 10-Q 2021-08-11 | -$1.54M 10-Q 2022-11-09 | +65.2% | first · latest · 4 filings carry it |
| Operating income OperatingIncomeLoss | fiscal year 2020-12-31 | -$6.36M 10-K 2021-03-11 | -$2.55M 10-K 2022-03-17 | +59.9% | first · latest |
| Total assets Assets | balance at 2020-12-31 | $44.9M 10-K 2021-03-11 | $18.8M 10-K 2022-03-17 | -58.1% | first · latest · 5 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2020-09-30 | -$5.86M 10-Q 2020-11-10 | -$2.66M 10-Q 2021-11-10 | +54.6% | first · latest |
| Net income NetIncomeLoss | quarter 2020-09-30 | -$4.96M 10-Q 2020-11-10 | -$2.89M 10-Q 2021-11-10 | +41.6% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-03-31 | -$5.6M 10-Q 2021-05-17 | -$4.09M 10-Q 2022-05-12 | +27.1% | first · latest |
| Net income NetIncomeLoss | quarter 2021-03-31 | -$4.44M 10-Q 2021-05-17 | -$5.48M 10-Q 2022-11-09 | -23.3% | first · latest · 6 filings carry it |
| Net income NetIncomeLoss | fiscal year 2020-12-31 | -$4.32M 10-K 2021-03-11 | -$3.48M 10-K 2022-03-17 | +19.4% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2021-06-30 | -$4.77M 10-Q 2021-08-11 | -$3.88M 10-Q 2022-08-10 | +18.8% | first · latest |
| Net income NetIncomeLoss | quarter 2020-03-31 | -$3.92M 10-Q 2020-05-07 | -$3.32M 10-Q 2021-11-10 | +15.2% | first · latest · 6 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | fiscal year 2020-12-31 | $15M 10-K 2021-03-11 | $14M 10-K 2023-03-29 | -6.7% | first · latest · 5 filings carry it |
| Revenue RevenueFromContractWithCustomerExcludingAssessedTax | quarter 2020-09-30 | $0 10-Q 2020-11-10 | $231K 10-Q 2021-11-10 | - | 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 WHWK 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.