Novation Holdings Inc
Other · Services-Educational Services · FL · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|
| Revenue | $258,521 | $0 | $0 | $0 |
| Operating income | — | — | — | — |
| Net income | −$731,066 | −$6.4M | −$2.5M | −$363,081 |
| Total assets | $1.7M | $99,455 | $290,325 | $350,046 |
| Total liabilities | $1.4M | $244,152 | $81,587 | $3.4M |
| Equity | $354,237 | −$144,697 | $208,738 | −$156,431 |
| EPS (diluted) | — | — | — | — |
| Shares out. | 1.24B | 30.1M | 173.3M | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2013- Operating margin
- —
- Net margin
- −282.8%
- Return on equity
- −206.4%
- Return on assets
- −42.6%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 79.3%
- Debt / equity
- 3.84×
- Book value / share
- $0.00
- Revenue growth (YoY)
- —
- 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 · FY2013- Accruals / assets
- −18.4%clean
- Piotroski F-Score
- 5/8mixed
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. What these scores mean →
Signs
● 1 severe● 3 warning● 1 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- 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 ↗Dec 2, 2014
- NT 10-Qmissed a reporting deadline ↗Jul 15, 2014
- NT 10-Qmissed a reporting deadline ↗Apr 14, 2014
- NT 10-Qmissed a reporting deadline ↗Jan 15, 2014
- NT 10-Kmissed a reporting deadline ↗Nov 29, 2013
- NT 10-Qmissed a reporting deadline ↗Jul 15, 2013
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.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Novation Holdings Inc10% owner | Mar 15, 2013 | D | 40.0M | $0.00 |
| Gelmon Michael JOfficer — President and CEO | Jul 31, 2012 | Grant | 555,555 | $0.00 |
| Gelmon Michael JOfficer — President and CEO | Jul 18, 2011 | Gift | 1.1M | $0.00 |
| Gelmon Michael JOfficer — President and CEO | Jul 15, 2011 | Grant | 1.7M | $0.00 |
| Elan Health Services, Inc.10% owner | Sep 2, 2011 | Grant | 234,782 | $0.00 |
| Mccullough VeraOfficer — Resigned Nov 30, 2007 | Nov 30, 2007 | Buy | 25,000 | $0.20 |
| Macdonald GlenOfficer — resigned-officer and director | Nov 28, 2007 | Buy | 400,000 | $0.04 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Other material eventAug 7, 2015
- Entered a material agreement · Other material eventSep 9, 2014
- Completed an acquisition or dispositionJul 29, 2014
- Changed auditorDec 11, 2013
- Entered a material agreementMay 23, 2013
- Completed an acquisition or dispositionMay 16, 2013
- Completed an acquisition or dispositionMay 15, 2013
- Changed auditorApr 22, 2013
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 ↗- 10-Q/AAMENDED QUARTERLY REPORTMar 29, 2017
- 10-Q/AAMENDED QUARTERLY REPORTMar 29, 2017
- 10-Q/AAMENDED QUARTERLY REPORTMar 29, 2017
- 10-Q/AAMENDED QUARTERLY REPORTMar 29, 2017
- 10-K/AAMENDED ANNUAL REPORTMar 29, 2017
- 10-K/AAMENDED ANNUAL REPORTMar 29, 2017
- 15-12BNOTICE OF TERMINATIONFeb 13, 2017
- SC 13G/ANONEApr 20, 2016
- 8-KTERMINATION OF MERGER AGREEMENTAug 7, 2015
- NT 10-KNOVATION NOTIFICATION OF LATE FILING 8-31-2014Dec 2, 2014
- 8-KCURRENT REPORT 9-9-2014Sep 9, 2014
- 8-KCURRENT REPORT FORM 8-K 7-29-2014Jul 29, 2014
- 10-QNOVATION HOLDINGS FORM 10-Q 5-31-2014Jul 21, 2014
- NT 10-QJul 15, 2014
- 10-QFORM 10-QMay 30, 2014
Event-driven situations (1)
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