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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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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.
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 -$1.5M 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.
How management deployed cash over 8 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: 1%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 8 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-22 · 9d old
How a revenue dollar becomes profit — FY2025
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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M 100.0% | $2.9M 100.0% | $4.6M 100.0% | $6.4M 100.0% | $6.5M 100.0% | $5.8M 100.0% | $6.9M 100.0% | $6.9M 100.0% |
| Cost of Revenue | $5.8M 89.4% | $1.9M 65.4% | $2.6M 57.9% | $2.9M 45.0% | $2.6M 39.9% | $2.6M 45.4% | $3.2M 46.0% | $3.0M 43.9% |
| Gross Profit | $690K 10.6% | $1.0M 34.6% | $1.9M 42.1% | $3.5M 55.0% | $3.9M 60.1% | $3.2M 54.6% | $3.7M 54.0% | $3.9M 56.1% |
| Research & Development | — | — | $38K 0.8% | $42K 0.7% | $44K 0.7% | $36K 0.6% | $25K 0.4% | $27K 0.4% |
| Selling, General & Admin | $2.5M 37.9% | $2.8M 94.7% | $1.8M 39.9% | $1.5M 22.9% | $1.7M 26.3% | $1.4M 24.4% | $1.2M 17.6% | $1.1M 15.5% |
| Total Operating Expenses | $2.5M 38.0% | $2.8M 94.8% | $1.8M 39.9% | $1.9M 29.7% | $1.8M 27.5% | $1.4M 24.4% | $1.6M 22.4% | $1.1M 15.5% |
| Operating Income | -$1.8M -27.4% | -$1.7M -60.1% | $101K 2.2% | $1.6M 25.3% | $2.1M 32.6% | $1.8M 30.2% | $2.2M 31.6% | $2.8M 40.6% |
| Interest Expense | $309K 4.7% | $314K 10.8% | $314K 6.9% | $285K 4.4% | — | — | — | — |
| Interest & Investment Income | $843K 12.9% | $921K 31.7% | $912K 20.0% | $546K 8.5% | $11K 0.2% | $6K 0.1% | — | — |
| Other Income (Expense), net | $1.9M 29.4% | $890K 30.6% | $1.5M 32.7% | $242K 3.8% | $109K 1.7% | — | — | — |
| Pretax Income | $129K 2.0% | -$857K -29.5% | $1.6M 34.9% | $1.9M 29.1% | $2.2M 34.2% | $2.0M 33.7% | $2.4M 34.0% | $2.7M 38.9% |
| Income Tax Expense | -$51K -0.8% | $40K 1.4% | $547K 12.0% | $453K 7.1% | $543K 8.4% | $269K 4.6% | $339K 4.9% | $473K 6.8% |
| Net Income | $180K 2.8% | -$897K -30.9% | $1.0M 23.0% | $1.4M 22.0% | $1.7M 25.8% | $1.7M 29.1% | $2.0M 29.1% | $2.2M 32.1% |
| Per Share | ||||||||
| EPS (Basic) | $0.02 | -$0.11 | $0.13 | $0.13 | $0.15 | $0.15 | — | — |
| EPS (Diluted) | $0.02 | -$0.11 | $0.13 | $0.13 | $0.15 | $0.15 | — | — |
| Weighted Avg Shares (Basic) | 8.6M | 8.4M | 8.3M | 11.0M | 11.0M | 11.0M | — | — |
| Weighted Avg Shares (Diluted) | 8.6M | 8.4M | 8.3M | 11.0M | 11.0M | 11.0M | — | — |
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.
EOD close · as of 2026-10-22
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 1% against ROIC 1% — 0% 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
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 43.9 | 46.0 | 45.4 | 39.9 | 45.0 | 57.9 | 65.4 | 89.4 |
| Gross Profit | 56.1 | 54.0 | 54.6 | 60.1 | 55.0 | 42.1 | 34.6 | 10.6 |
| R&D | 0.4 | 0.4 | 0.6 | 0.7 | 0.7 | 0.8 | — | — |
| SG&A | 15.5 | 17.6 | 24.4 | 26.3 | 22.9 | 39.9 | 94.7 | 37.9 |
| Operating Income | 40.6 | 31.6 | 30.2 | 32.6 | 25.3 | 2.2 | -60.1 | -27.4 |
| Income Tax | 6.8 | 4.9 | 4.6 | 8.4 | 7.1 | 12.0 | 1.4 | -0.8 |
| Net Income | 32.1 | 29.1 | 29.1 | 25.8 | 22.0 | 23.0 | -30.9 | 2.8 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on HKIT: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
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.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest.
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Ranked against 27 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SPT | $730M | — | — | 1.6× | 12.7% | 77.6% | -9.5% | -21.3% | -17.8% | — | 26 |
| RCAT | $707M | — | — | 17.4× | 128% | 3.1% | -177% | -29.3% | -29.3% | — | 54 |
| CGNT | $702M | — | 23.2× | 1.8× | 14.1% | 72.4% | -0.2% | -0.3% | -0.3% | -4.6× | 12 |
| CCSI | $684M | 8.6× | 6.9× | 2.0× | -0.2% | 79.8% | 24.2% | 614% | 14.8% | 2.9× | 29 |
| VTEX | $658M | 36.9× | 30.1× | 2.7× | 6.1% | 77.5% | 8.3% | 8.6% | 8.6% | -0.7× | 6 |
| MOMO | $631M | 12.9× | — | 0.4× | 2.4% | 37.8% | 7.8% | 7.3% | 7.3% | -3.8× | 13 |
| WEAV | $595M | — | — | 2.5× | 17.0% | 72.1% | -11.7% | -34.1% | -34.1% | — | 31 |
| BLZE | $470M | — | — | 3.2× | 14.3% | 60.9% | -17.6% | -30.8% | -30.8% | -14.8× | 23 |
| DDD | $462M | 14.6× | — | 1.2× | -12.1% | 33.9% | 7.7% | 12.4% | 9.0% | — | 38 |
| API | $371M | 219.5× | — | 2.6× | 5.9% | 66.4% | 6.8% | 1.7% | 1.5% | — | 3 |
| CRNC | $366M | — | 85.6× | 1.4× | -24.0% | 72.7% | -7.4% | -12.4% | -5.3% | — | 32 |
| LAW | $340M | — | — | 2.2× | 8.3% | 74.9% | -28.3% | -34.6% | -34.6% | — | 20 |
| IIIV | $317M | 24.4× | 7.9× | 1.5× | 11.5% | — | 8.4% | 4.6% | 4.6% | -2.1× | 16 |
| CMRC | $273M | — | — | 0.8× | 2.8% | 78.7% | -5.6% | -49.1% | -9.8% | — | 17 |
| 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 |
| SVCO | $208M | — | — | 3.3× | 5.7% | 78.3% | -65.3% | -54.9% | -54.9% | — | 16 |
| DUOT | $195M | — | — | 7.2× | 271% | 29.2% | -36.4% | -20.3% | -20.3% | — | 10 |
| AEYE | $165M | — | — | 4.1× | 14.5% | 78.3% | -7.6% | -64.1% | -17.3% | — | 12 |
| PDYN | $164M | 13.8× | — | 31.2× | -32.6% | 48.7% | — | 13.4% | 13.4% | — | 17 |
| EGAN | $154M | 18.4× | — | 1.7× | 3.1% | 73.4% | 9.7% | 10.5% | 10.5% | — | 18 |
| MRDN | $124M | — | — | 0.7× | 21.0% | 56.6% | -50.3% | -198% | -144% | — | — |
| DH | $120M | — | — | 0.5× | -4.2% | 75.9% | -57.5% | -36.7% | -25.5% | — | 16 |
| DRTTF | $115M | — | — | 0.7× | -3.1% | 32.8% | -8.6% | -50.6% | -27.8% | — | — |
| HKIT | $23M | 126.5× | — | 3.5× | 125% | 10.6% | 2.8% | 0.5% | 0.5% | — | — |
Peers = companies sharing HKIT's sector (Services-Prepackaged Software) 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.
Earns -14.41pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 24.7% | 9.3% (today's — no rate published for this year) | 15.5pts |
| FY2020 | 17.5% | 9.3% (today's — no rate published for this year) | 8.2pts |
| FY2021 | 17.7% | 8.2% | 9.5pts |
| FY2022 | 12.3% | 10.4% | 1.9pts |
| FY2023 | 0.5% | 10.4% | -9.9pts |
| FY2024 | -5.8% | 11.3% | -17.2pts |
| FY2025 | -5.2% | 9.2% | -14.3pts |
| Now | 0.5% | 9.3% | -8.7pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2018 | 56.1% | 40.6% | 32.1% |
| FY2019 | 54.0% | 31.6% | 29.1% |
| FY2020 | 54.6% | 30.2% | 29.1% |
| FY2021 | 60.1% | 32.6% | 25.8% |
| FY2022 | 55.0% | 25.3% | 22.0% |
| FY2023 | 42.1% | 2.2% | 23.0% |
| FY2024 | 34.6% | -60.1% | -30.9% |
| FY2025 | 10.6% | -27.4% | 2.8% |
ROIC ex-goodwill is -5.17% against -5.17% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Accruals are positive and DSO is up +116 days over 3 years — profit is being recognised ahead of collection.
Accruals are positive and DSO is up +116 days over 3 years. Either alone is explainable; together they are revenue recognised ahead of collection.
Missing from our data, so excluded from this answer: share_based_compensation.
No debt, so there is no leverage path to distress.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Cash burn, not leverage, is the risk for a debt-free company — see question 2 for cash conversion.
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 | $180,142 | $180,142 |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | −$2M | −$2M |
| Operating cash flow | −$2M | −$2M |
| Capex | $0 | −$2M |
| Free cash flow | −$2M | −$2M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | -16.3% | -22.5% | -6.2 points |
| FY2021 | 11.3% | 10.7% | -0.6 points |
| FY2022 | -0.5% | 38.8% | 39.3 points |
| FY2023 | -29.0% | -35.2% | -6.2 points |
| FY2024 | -36.4% | -34.6% | 1.8 points |
| FY2025 | 125.0% | 290.3% | 165.3 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 144.6 days | 58.7 days | 21.2 days | 182.1 days |
| FY2020 | 133.9 days | 16.6 days | 52.6 days | 97.9 days |
| FY2021 | 133.2 days | 57.8 days | 73.4 days | 117.6 days |
| FY2022 | 185.7 days | 54.4 days | 87.9 days | 152.1 days |
| FY2023 | 169.5 days | 30.3 days | 73.5 days | 126.3 days |
| FY2024 | 174.1 days | 29.7 days | 49.2 days | 154.6 days |
| FY2025 | 302 days | 5 days | 18.2 days | 288.7 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | 17.2 percent |
| FY2020 | -1.7 percent |
| FY2021 | 11.0 percent |
| FY2022 | -11.4 percent |
| FY2023 | 3.1 percent |
| FY2024 | -0.5 percent |
| FY2025 | 4.0 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.