Lightyear Network Solutions, Inc.
Communication Services · Telephone Communications (No Radiotelephone) · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY12 | FY11 | FY10 | |
|---|---|---|---|
| Revenue | $66.4M | $70.5M | $52.3M |
| Operating income | −$1.8M | −$871,899 | −$2.9M |
| Net income | −$2.3M | −$593,477 | $1.6M |
| Total assets | $15.0M | $19.1M | $21.8M |
| Total liabilities | $19.6M | $22.0M | $24.0M |
| Equity | −$4.5M | −$2.9M | −$2.2M |
| EPS (diluted) | — | $-0.57 | $0.03 |
| Shares out. | 22.1M | 22.1M | 20.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2012- Operating margin
- −2.7%
- Net margin
- −3.4%
- Return on equity
- 50.0%
- Return on assets
- −15.0%
- Return on capital (ROCE)
- −37.1%
- Liabilities / assets
- 130.1%
- Debt / equity
- —
- Book value / share
- $-0.20
- Revenue growth (YoY)
- −5.8%
- 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 · FY2012- Altman Z″ (distress)
- -4.90distress
- Accruals / assets
- −24.4%clean
- Beneish M-Score
- -3.71normal
- Piotroski F-Score
- 4/9mixed
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● 4 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Strong return on equity (>15%)
- Positive 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-Qmissed a reporting deadline ↗May 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.
Material events
SEC Form 8-K · most recent- Shareholder vote · Other material eventJul 26, 2013
- Entered a material agreement · Director / officer change · Other material eventMay 14, 2013
- Terminated a material agreement · Material impairmentJan 23, 2013
- Entered a material agreement · New financial obligationDec 26, 2012
- Director / officer changeJul 30, 2012
- Director / officer changeJul 12, 2012
- Director / officer changeMay 4, 2012
- Results of operationsMar 14, 2012
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 ↗- 15-12GFORM 15Jul 26, 2013
- S-8 POSJul 26, 2013
- 8-KFORM 8-KJul 26, 2013
- DEFM14ADEFINITIVE PROXY STATEMENTJun 27, 2013
- UPLOADJun 20, 2013
- PRER14AREVISED PRELIMINARY PROXY STATEMENTJun 14, 2013
- UPLOADJun 14, 2013
- PREM14APRELIMINARY PROXY STATEMENTJun 4, 2013
- 4May 31, 2013
- 10-QMay 16, 2013
- NT 10-QNOTIFICATION OF LATE FILINGMay 15, 2013
- 8-KCURRENT REPORTMay 14, 2013
- DEFA14ACURRENT REPORTMay 14, 2013
- 4Apr 1, 2013
- 10-KFORM 10-KApr 1, 2013
Event-driven situations (1)
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