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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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Ranked against 39 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IIIV | $317M | 24.4× | 7.9× | 1.5× | 11.5% | — | 8.4% | 4.6% | 4.6% | -2.1× | 16 |
| EGHT | $302M | 209.0× | 14.3× | 0.4× | 2.9% | 64.6% | 0.2% | 1.1% | 0.4% | 6.2× | 18 |
| FVRR | $302M | 15.0× | 13.1× | 0.7× | 10.1% | 81.6% | 4.9% | 5.1% | 5.1% | -9.3× | 23 |
| TBI | $297M | — | — | 0.2× | 3.1% | 22.8% | -3.0% | -17.5% | -14.1% | — | 17 |
| PSFE | $293M | — | 7.6× | 0.2× | -0.2% | 56.4% | -10.7% | -27.9% | -5.6% | 6.8× | — |
| IMXI | $277M | 8.5× | 4.2× | 0.5× | -7.7% | — | 5.4% | 20.3% | 9.2% | 0.4× | 22 |
| CMRC | $273M | — | — | 0.8× | 2.8% | 78.7% | -5.6% | -49.1% | -9.8% | — | 17 |
| DSP | $272M | 35.6× | 2.6× | 0.8× | 19.0% | 45.8% | 2.4% | 10.2% | 10.2% | -6.2× | 20 |
| SMRT | $260M | — | — | 1.7× | -12.9% | 32.7% | -39.8% | -26.1% | -26.1% | — | 11 |
| RCMT | $250M | 16.5× | 9.2× | 0.8× | 14.7% | 27.5% | 5.1% | 35.5% | 35.5% | -0.1× | 15 |
| ANGI | $243M | 6.4× | 4.0× | 0.2× | -13.0% | 95.4% | 4.3% | 4.7% | 3.1% | 1.8× | 35 |
| CNDT | $240M | — | — | 0.1× | -9.4% | 18.1% | -5.6% | -24.8% | -12.4% | — | 29 |
| ALIT | $236M | — | — | 0.1× | -3.0% | 33.8% | -137% | -297% | -102% | — | — |
| HQI | $227M | 36.2× | 24.0× | 7.4× | -11.4% | — | 20.7% | 9.3% | 9.3% | -0.4× | 11 |
| XNET | $226M | 1.1× | 12.2× | 0.5× | 42.5% | 47.2% | — | 76.3% | 72.5% | -7.3× | 7 |
| KLTR | $221M | — | — | 1.2× | 1.2% | 70.6% | -6.7% | -191% | -18.7% | — | 12 |
| EXFY | $214M | — | — | 1.5× | 2.1% | 50.3% | -15.1% | -16.1% | -16.1% | — | 11 |
| FIRY | $213M | — | — | 2.0× | 12.5% | 87.5% | -67.4% | -63.0% | -19.2% | — | — |
| SVCO | $208M | — | — | 3.3× | 5.7% | 78.3% | -65.3% | -54.9% | -54.9% | — | 16 |
| DMRC | $199M | — | — | 5.9× | -11.7% | 61.6% | -95.3% | -80.3% | -80.3% | — | — |
| RDNW | $197M | — | 42.6× | 0.2× | -10.5% | 27.5% | -4.8% | 419% | -26.9% | — | 8 |
| DHX | $196M | — | 77.8× | 1.5× | -9.9% | 84.7% | -10.6% | -14.3% | -10.9% | 9.4× | 7 |
| DUOT | $195M | — | — | 7.2× | 271% | 29.2% | -36.4% | -20.3% | -20.3% | — | 10 |
| UIS | $190M | — | 4.8× | 0.1× | -2.9% | 28.2% | -17.4% | 120% | -78.9% | 2.9× | 23 |
| FCCN | $182M | 189.0× | — | 8.3× | — | 13.2% | 4.2% | 2.1% | 2.1% | — | — |
| HAO | $702962 | — | — | 0.0× | 67.1% | 1.1% | -17.4% | -53.4% | -49.7% | — | — |
Peers = companies sharing HAO's sector (Services-Advertising Agencies) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
How management deployed cash over 5 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -50%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 5 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.0% on $1.3M of debt.
Cash of $10.9M fully covers short-term debt of $1.3M.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$2.6M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
EOD close · as of 2026-10-30
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | $54.8M 100.0% | $32.8M 100.0% | $48.5M 100.0% | $28.2M 100.0% | $16.2M 100.0% |
| Cost of Revenue | $54.2M 98.9% | $31.9M 97.2% | $45.8M 94.3% | $26.2M 92.7% | $15.5M 96.0% |
| Gross Profit | $629K 1.1% | $928K 2.8% | $2.8M 5.7% | $2.1M 7.3% | $649K 4.0% |
| Research & Development | $104K 0.2% | $80K 0.2% | $80K 0.2% | $58K 0.2% | $103K 0.6% |
| Selling, General & Admin | $8.6M 15.7% | $2.8M 8.5% | $912K 1.9% | $776K 2.7% | $240K 1.5% |
| Total Operating Expenses | $10.3M 18.8% | $2.9M 8.9% | $1.0M 2.1% | $866K 3.1% | $380K 2.4% |
| Operating Income | -$9.7M -17.6% | -$2.0M -6.1% | $1.7M 3.5% | $1.2M 4.2% | $269K 1.7% |
| Interest Expense | $52K 0.1% | $46K 0.1% | $41K 0.1% | $20K 0.1% | — |
| Interest & Investment Income | $217K 0.4% | $363K 1.1% | $76K 0.2% | — | — |
| Other Income (Expense), net | $164K 0.3% | $6.1M 18.7% | $18K 0.0% | -$5K -0.0% | -$9K -0.1% |
| Pretax Income | -$9.5M -17.3% | $4.1M 12.6% | $1.7M 3.6% | $1.2M 4.2% | $260K 1.6% |
| Income Tax Expense | $37K 0.1% | $271K 0.8% | $444K 0.9% | $221K 0.8% | $15K 0.1% |
| Net Income | -$9.5M -17.4% | $3.9M 11.8% | $1.3M 2.7% | $970K 3.4% | $245K 1.5% |
| Per Share | |||||
| EPS (Basic) | -$386.40 | $4251.81 | $2701.53 | $0.87 | $0.01 |
| EPS (Diluted) | -$386.40 | $3385.53 | $2701.53 | $0.87 | $0.01 |
| Weighted Avg Shares (Basic) | 25K | 912 | 478 | 1.1M | 25.0M |
| Weighted Avg Shares (Diluted) | 25K | 936 | 478 | 1.1M | 25.0M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
A reverse discounted cash flow is not shown for a company with no positive EBITDA.
No positive EBITDA in the recent record, so there is no return on capital to compare against its cost.
Classified from the filings: EBITDA negative in each of the last 2 years.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-30
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE -53% against ROIC -50% — -4% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 5.7× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Cost of Revenue | 96.0 | 92.7 | 94.3 | 97.2 | 98.9 |
| Gross Profit | 4.0 | 7.3 | 5.7 | 2.8 | 1.1 |
| R&D | 0.6 | 0.2 | 0.2 | 0.2 | 0.2 |
| SG&A | 1.5 | 2.7 | 1.9 | 8.5 | 15.7 |
| Operating Income | 1.7 | 4.2 | 3.5 | -6.1 | -17.6 |
| Income Tax | 0.1 | 0.8 | 0.9 | 0.8 | 0.1 |
| Net Income | 1.5 | 3.4 | 2.7 | 11.8 | -17.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on HAO: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -98.43pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2023 | 55.9% | 6.0% | 49.9pts |
| FY2024 | 21.2% | 6.6% | 14.6pts |
| FY2025 | -15.0% | 10.8% | -25.8pts |
| FY2026 | -86.0% | 11.6% | -97.5pts |
| Now | -49.7% | 12.5% | -62.2pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2022 | 4.0% | 1.7% | 1.5% |
| FY2023 | 7.3% | 4.2% | 3.4% |
| FY2024 | 5.7% | 3.5% | 2.7% |
| FY2025 | 2.8% | -6.1% | 11.8% |
| FY2026 | 1.1% | -17.6% | -17.4% |
ROIC ex-goodwill is -85.97% against -85.97% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Free cash flow has fallen short of reported profit in 3 of the last three years.
Only 4 profitable years available, so the average is shorter than the five the threshold assumes.
Missing from our data, so excluded from this answer: share_based_compensation.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Balance sheet at 2026-06-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: ebitda.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$10M | −$10M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | $7M | −$3M |
| Operating cash flow | −$3M | −$3M |
| Capex | $0 | −$3M |
| Free cash flow | −$3M | −$3M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2023 | 74.7% | not reported | not reported |
| FY2024 | 71.9% | 2826.5% | 2754.6 points |
| FY2025 | -32.4% | 103.0% | 135.4 points |
| FY2026 | 67.1% | -98.7% | -165.8 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2022 | not reported | not reported | not reported | not reported |
| FY2023 | 0.1 days | not reported | 0.4 days | -0.3 days |
| FY2024 | 1.7 days | not reported | 5.2 days | -3.5 days |
| FY2025 | 5.1 days | not reported | 1.8 days | 3.4 days |
| FY2026 | 0 days | not reported | 1.1 days | -1 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2022 | not reported |
| FY2023 | 41.3 percent |
| FY2024 | 13.2 percent |
| FY2025 | 33.5 percent |
| FY2026 | -32.3 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Below the line for 1 year to the latest.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.