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 5/5 core metricsLatest reported annual revenue changed -27.9% 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 -27.9% 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.
- Operating margin compressed
Operating margin changed -8.6 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.
- Free cash flow was negative
Latest reported free cash flow was -$8M.
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.
- 6 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity.
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
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- Single Reportable Segment$17.6M100.0%-27.9% yoy
Members sum to the consolidated $17.6M for this period.
- Contract Manufacturing$17.4Mshare n/a-28.5% yoy
- Cigarettes$12.9Mshare n/a-9.3% yoy
- Filtered Cigars$4.11Mshare n/a-56.4% yoy
- Other Tobacco Products$442Kshare n/a-41.5% yoy
- Vln$138Kshare n/a-790.0% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Single Reportable Segment$2.86M100.0%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 · 478 in Consumer| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $18M | 14thof 3,247 bottom third | 5thof 461 bottom third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | -27.9% | 5thof 3,083 bottom third | 3rdof 448 bottom third |
Operating margin operating income ÷ revenue | -65.8% | 19thof 2,777 bottom third | 5thof 432 bottom third |
Net margin net income ÷ revenue | -28.7% | 22ndof 3,212 bottom third | 8thof 458 bottom third |
Free-cash-flow margin (operating cash flow − |capex|) ÷ revenue | -44.3% | 16thof 2,640 bottom third | 3rdof 417 bottom third |
Return on equity net income ÷ stockholders' equity (positive equity only) | -32.1% | 23rdof 3,520 bottom third | 15thof 406 bottom third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 2.4% | 48thof 2,852 middle third | 13thof 414 bottom third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 75 days | 23rdof 2,373 bottom third | 8thof 382 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 11.0% | 4thof 3,845 bottom third | 2ndof 457 bottom third |
Balance-sheet accrual ratio change in net operating assets ÷ average net operating assets · lower is ranked higher | 63.3% | 15thof 3,301 bottom third | 9thof 360 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 · 35 changed periods, 30 largest shown| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2021-03-31 | -$5.03M 10-Q 2021-05-06 | -$14M 10-K 2023-03-09 | -177.6% | first · latest · 7 filings carry it |
| Net income NetIncomeLoss | quarter 2021-06-30 | -$4.17M 10-Q 2021-08-05 | -$9.44M 10-K 2023-03-09 | -126.2% | first · latest · 5 filings carry it |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-09-30 | 13,507,441 shares 10-Q 2024-11-12 | 4,223 shares 10-Q 2025-11-04 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-06-30 | 7,449,706 shares 10-Q 2024-08-13 | 2,624 shares 10-Q 2025-08-14 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2024-12-31 | 1,389,983 shares 10-K 2025-03-20 | 557 shares 10-K 2026-03-26 | -100.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-06-30 | 7,449,706 shares 10-Q 2024-08-13 | 2,624 shares 10-Q 2025-08-14 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | fiscal year 2023-12-31 | 20,711,000 shares 10-K 2024-03-28 | 9,467 shares 10-K 2025-03-20 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-09-30 | 13,507,441 shares 10-Q 2024-11-12 | 7,182 shares 10-Q 2025-11-04 | -100.0% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2023-12-31 | 20,711,000 shares 10-K 2024-03-28 | 9,467 shares 10-K 2025-03-20 | -100.0% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-03-31 | 1,729,212 shares 10-Q 2025-05-13 | 5,162 shares 10-Q 2026-05-07 | -99.7% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-03-31 | 1,729,212 shares 10-Q 2025-05-13 | 5,162 shares 10-Q 2026-05-07 | -99.7% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | fiscal year 2024-12-31 | 146,392 shares 10-K 2025-03-20 | 557 shares 10-K 2026-03-26 | -99.6% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-03-31 | 215,784,000 shares 10-Q 2023-05-09 | 846,005 shares 10-Q 2024-05-15 | -99.6% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-03-31 | 215,784,000 shares 10-Q 2023-05-09 | 846,005 shares 10-Q 2024-05-15 | -99.6% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2025-06-30 | 250,368 shares 10-Q 2025-08-14 | 1,005 shares 10-Q 2026-08-14 | -99.6% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2025-06-30 | 250,368 shares 10-Q 2025-08-14 | 1,005 shares 10-Q 2026-08-14 | -99.6% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2024-03-31 | 3,165,237 shares 10-Q 2024-05-15 | 23,612 shares 10-Q 2025-05-13 | -99.3% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2024-03-31 | 3,165,237 shares 10-Q 2024-05-15 | 23,612 shares 10-Q 2025-05-13 | -99.3% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-06-30 | 14,900,000 shares 10-Q 2023-08-14 | 878,171 shares 10-Q 2024-08-13 | -94.1% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-06-30 | 14,900,000 shares 10-Q 2023-08-14 | 878,171 shares 10-Q 2024-08-13 | -94.1% | first · latest |
| Diluted shares WeightedAverageNumberOfDilutedSharesOutstanding | quarter 2023-09-30 | 19,887,000 shares 10-Q 2023-11-06 | 1,206,368 shares 10-Q 2024-11-12 | -93.9% | first · latest |
| Basic shares WeightedAverageNumberOfSharesOutstandingBasic | quarter 2023-09-30 | 19,887,000 shares 10-Q 2023-11-06 | 1,206,368 shares 10-Q 2024-11-12 | -93.9% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-09-30 | -$71.5M 10-Q 2023-11-06 | -$8.25M 10-Q 2024-11-12 | +88.5% | first · latest |
| Interest expense InterestExpense | fiscal year 2022-12-31 | $353K 10-K 2023-03-09 | $55K 10-K 2024-03-28 | -84.4% | first · latest |
| Receivables AccountsReceivableNetCurrent | balance at 2022-12-31 | $5.64M 10-K 2023-03-09 | $1.36M 10-K 2024-03-28 | -75.8% | first · latest · 5 filings carry it |
| Intangibles IntangibleAssetsNetExcludingGoodwill | balance at 2022-12-31 | $16.9M 10-K 2023-03-09 | $7.21M 10-K 2024-03-28 | -57.2% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | quarter 2021-09-30 | -$9.44M 10-Q 2021-11-04 | -$4.17M 10-K 2023-03-09 | +55.8% | first · latest · 3 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2023-03-31 | -$17.8M 10-Q 2023-05-09 | -$10.4M 10-Q 2024-05-15 | +41.6% | first · latest |
| Operating income OperatingIncomeLoss | fiscal year 2022-12-31 | -$57.1M 10-K 2023-03-09 | -$33.6M 10-K 2024-03-28 | +41.1% | first · latest |
| Operating income OperatingIncomeLoss | quarter 2023-06-30 | -$19.4M 10-Q 2023-08-14 | -$12M 10-Q 2024-08-13 | +37.8% | first · latest |
6 share-count periods re-presented for a stock split (1-for-15) 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; share counts re-presented by an integer split ratio are listed as split adjustments, not restatements. 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 XXII 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.