Echo Therapeutics, Inc.
Healthcare · Electromedical & Electrotherapeutic Apparatus · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $57,321 | $27,600 | $5,119 | $447,211 | $428,460 |
| Operating income | −$17.5M | −$12.3M | −$19.6M | −$15.0M | −$8.3M | −$4.9M |
| Net income | −$22.2M | −$15.0M | −$19.1M | −$12.3M | −$10.0M | −$4.1M |
| Total assets | $805,090 | $12.6M | $23.1M | $20.0M | $19.5M | $11.9M |
| Total liabilities | $3.3M | $3.1M | $3.7M | $9.8M | $2.6M | $3.2M |
| Equity | −$2.5M | $9.5M | $19.4M | $10.2M | $17.0M | $8.7M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 12.0M | 12.0M | 60.2M | 38.6M | 38.5M | 31.1M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2015- Operating margin
- —
- Net margin
- —
- Return on equity
- 878.8%
- Return on assets
- −2757.2%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 413.7%
- Debt / equity
- —
- Book value / share
- $-0.21
- Revenue growth (YoY)
- −100.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2015- Altman Z″ (distress)
- -779.03distress
- Accruals / assets
- −2126.2%clean
- Piotroski F-Score
- 2/8weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 3 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2017
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2016
- NT 10-Qmissed a reporting deadline ↗May 16, 2016
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2015
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2014
- NT 10-Qmissed a reporting deadline ↗Nov 16, 2009
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Other material eventApr 21, 2017
- Director / officer changeMar 22, 2017
- Debt acceleration / triggering eventFeb 2, 2017
- Other material eventDec 27, 2016
- Other material eventDec 14, 2016
- Other material eventDec 2, 2016
- Changed auditorDec 1, 2016
- Entered a material agreement · New financial obligation · Director / officer changeNov 23, 2016
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- REVOKEDSep 7, 2021
- 8-KPRIMARY DOCUMENTApr 21, 2017
- SC 13DPRIMARY DOCUMENTApr 6, 2017
- NT 10-KPRIMARY DOCUMENTMar 31, 2017
- 4Mar 23, 2017
- 4Mar 23, 2017
- 4Mar 22, 2017
- 4Mar 22, 2017
- 8-KPRIMARY DOCUMENTMar 22, 2017
- 8-KFORM 8-KFeb 2, 2017
- 8-KFORM 8-KDec 27, 2016
- 8-KFORM 8-KDec 14, 2016
- 8-KFORM 8-KDec 2, 2016
- 8-KFORM 8-KDec 1, 2016
- 4/ANov 23, 2016
Event-driven situations (1)
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