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 metricsFlagged areas: Earnings quality, Solvency & liquidity.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- 5 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 -0.5 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.
- Revenue expanded
Latest reported annual revenue changed +5.6% 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 positive
Latest reported free cash flow was $5M.
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.
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
- 2026-10-21
- 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- Carrier Services$91.9M61.0%+5.8% yoy
- Managed Services$58.7M39.0%+5.2% yoy
Members sum to the consolidated $151M for this period.
- United States Usa$146M97.2%+5.6% yoy
- Europe$4.24M2.8%+3.8% yoy
Members sum to the consolidated $151M for this period.
- Carrier Services$24.1M63.3%no prior
- Managed Services$13.9M36.7%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 4,060 US-listed filers · 808 in Technology| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $151M | 30thof 3,247 bottom third | 28thof 769 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 5.6% | 48thof 3,083 middle third | 40thof 735 middle third |
Gross margin gross profit ÷ revenue | 13.9% | 13thof 1,585 bottom third | 10thof 552 bottom third |
Operating margin operating income ÷ revenue | -1.9% | 40thof 2,777 middle third | 40thof 742 middle third |
Net margin net income ÷ revenue | -1.8% | 39thof 3,212 middle third | 42ndof 761 middle third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | 3.6% | 46thof 2,640 middle third | 35thof 692 middle third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -23.9% | 27thof 3,520 bottom third | 23rdof 713 bottom third |
Interest coverage operating income ÷ interest expense (interest expense > 0) | -13.8× | 19thof 795 bottom third | 16thof 189 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.5% | 85thof 2,852 top third | 93rdof 719 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 36 days | 66thof 2,373 middle third | 79thof 706 top third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | -11.2% | 75thof 3,845 top third | 66thof 769 middle third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | -119.6% | 95thof 3,301 top third | 95thof 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 · 11 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Revenue Revenues | fiscal year 2020-12-31 | $180M 10-K 2021-03-23 | $20.7M 10-Q 2022-05-16 | -88.5% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2020-09-30 | $27.7M 10-Q 2020-11-16 | $40.6M 10-Q 2021-11-15 | +46.5% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2021-09-30 | $10.1M 10-Q 2021-11-15 | $12.5M 10-K 2022-03-28 | +23.5% | first · latest |
| Total assets Assets | balance at 2020-09-30 | $87.4M 10-Q 2020-11-16 | $101M 10-Q 2021-11-15 | +15.9% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2020-09-30 | $31.5M 10-Q 2020-11-16 | $35.9M 10-Q 2021-11-15 | +14.0% | first · latest |
| Deferred revenue (current) DeferredRevenueCurrent | balance at 2020-09-30 | $2.27M 10-Q 2020-11-16 | $2.02M 10-Q 2021-11-15 | -11.2% | first · latest |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2020-09-30 | $2.08M 10-Q 2020-11-16 | $2.19M 10-Q 2021-11-15 | +5.3% | first · latest |
| Deferred revenue (non-current) DeferredRevenueNoncurrent | balance at 2020-09-30 | $383K 10-Q 2020-11-16 | $398K 10-Q 2021-11-15 | +4.1% | first · latest |
| Revenue Revenues | quarter 2025-03-31 | $34.2M 10-Q 2025-05-15 | $33.5M 10-Q 2026-05-14 | -2.1% | first · latest |
| Total liabilities Liabilities | balance at 2020-09-30 | $59.7M 10-Q 2020-11-16 | $60.8M 10-Q 2021-11-15 | +1.7% | first · latest |
| Revenue Revenues | quarter 2025-06-30 | $37.9M 10-Q 2025-08-14 | $37.3M 10-Q 2026-08-13 | -1.6% | first · latest |
4 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 WYY 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.