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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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Solve the discounted cash flow backwards, then stress-test the assumptions.
The same 1 year as the 3-yr average, with the stock compensation of those years charged as a cost. Shares issued to employees are real dilution, so this asks what the business generates for existing holders.
A reverse DCF cannot be solved for SOPAQ: its net cash ($7.6M) exceeds its market value, so enterprise value is negative. Discounting a positive cash-flow stream always gives a positive number, so no growth rate reaches that target. This is common for banks, brokers and payment companies, where customer balances sit in the cash line and are not the company's to spend.
On the basis ($2.4M) the requirement is off the scale. The difference is what charging stock compensation costs.
Default is the published 10.0% — this company's own cost of capital could not be computed.
2-stage DCF · 0.01B shares (market data) · net debt -$7.6M
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
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 $2.4M 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 5 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 478%. 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.
EOD close · as of 2026-11-02
Where each multiple sits in its own 4-yr range
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 4-yr history.
Is the profit real, and how strong is the balance sheet?
FY2024 · every deduction from revenue to net income
DuPont — the three levers
ROE 478% against ROIC 478% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -645.7% — the two diverge when buybacks or issuance move equity during the year.
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 3.7× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|
| Cost of Revenue | 169.0 | 136.7 | 82.8 | 69.8 | 73.8 |
| Gross Profit | -69.0 | -36.7 | 17.2 | 30.2 | 26.2 |
| R&D | 315.5 | 18.4 | 1.3 | 0.7 | 0.8 |
| SG&A | 6728.0 | 6424.2 | 542.1 | 242.3 | 151.8 |
| Operating Income | -7149.7 | -6580.7 | -606.1 | -219.8 | -131.2 |
| Income Tax | 15.9 | 2.1 | 0.1 | 0.3 | 1.1 |
| Net Income | -7297.9 | -6706.2 | -599.5 | -221.9 | -143.9 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SOPAQ: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
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.
Cash conversion and accruals. The full answer — share-based compensation, the cash conversion waterfall, working-capital trend — is still being built, so this block states what it measures rather than issuing a verdict.
One year is not a trend. The spec asks for a 3- and 5-year average of FCF/net income precisely because a single year turns on working-capital timing, and that arrives with the full Q2 block.
EOD close · as of 2026-11-02
How a revenue dollar becomes profit — FY2024
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 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $7.1M 100.0% | $8.2M 100.0% | $5.6M 100.0% | $520K 100.0% | $52K 100.0% |
| Cost of Revenue | $5.2M 73.8% | $5.7M 69.8% | $4.7M 82.8% | $711K 136.7% | $89K 169.0% |
| Gross Profit | $1.9M 26.2% | $2.5M 30.2% | $967K 17.2% | -$191K -36.7% | -$36K -69.0% |
| Research & Development | $55K 0.8% | $56K 0.7% | $73K 1.3% | $96K 18.4% | $166K 315.5% |
| Selling, General & Admin | $10.8M 151.8% | $19.8M 242.3% | $30.6M 542.1% | $33.4M 6424.2% | $3.5M 6728.0% |
| Total Operating Expenses | $11.2M 157.4% | $20.4M 250.0% | $35.1M 623.2% | $34.0M 6544.0% | $3.7M 7080.7% |
| Operating Income | -$9.3M -131.2% | -$18.0M -219.8% | -$34.2M -606.1% | -$34.2M -6580.7% | -$3.8M -7149.7% |
| Interest Expense | $152K 2.1% | $235 0.0% | $25K 0.4% | $42K 8.0% | $49K 93.4% |
| Interest & Investment Income | $13K 0.2% | $161K 2.0% | $84K 1.5% | — | — |
| Other Income (Expense), net | -$835K -11.8% | -$113K -1.4% | $145K 2.6% | -$641K -123.4% | -$69K -132.3% |
| Pretax Income | -$10.2M -142.9% | -$18.1M -221.2% | -$34.0M -603.5% | -$34.9M -6704.1% | -$3.8M -7282.1% |
| Income Tax Expense | $81K 1.1% | $25K 0.3% | $4K 0.1% | $11K 2.1% | $8K 15.9% |
| Net Income | -$10.2M -143.9% | -$18.1M -221.9% | -$33.8M -599.5% | -$34.9M -6706.2% | -$3.8M -7297.9% |
| Per Share | |||||
| EPS (Basic) | -$3.45 | -$9.39 | -$1.38 | -$3.68 | -$0.56 |
| EPS (Diluted) | -$3.45 | -$9.39 | -$1.38 | -$3.68 | -$0.56 |
| Weighted Avg Shares (Basic) | 3.0M | 1.9M | 24.4M | 9.4M | 7.0M |
| Weighted Avg Shares (Diluted) | 3.0M | 1.9M | 24.4M | 9.4M | 7.0M |
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.