B456 SYSTEMS, INC.
Technology · Miscellaneous Electrical Machinery, Equipment & Supplies · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY11 | FY10 | FY09 | |
|---|---|---|---|
| Revenue | $18.1M | $24.5M | $23.2M |
| Operating income | −$238.1M | −$149.4M | −$85.4M |
| Net income | −$257.7M | −$152.6M | −$85.8M |
| Total assets | $625.9M | $576.2M | — |
| Total liabilities | $329.5M | $177.6M | — |
| Equity | $296.4M | $398.2M | — |
| EPS (diluted) | — | — | — |
| Shares out. | 134.3M | 105.2M | 33.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2011- Operating margin
- −1315.9%
- Net margin
- −1424.2%
- Return on equity
- −87.0%
- Return on assets
- −41.2%
- Return on capital (ROCE)
- −47.0%
- Liabilities / assets
- 52.6%
- Debt / equity
- 1.11×
- Book value / share
- $2.21
- Revenue growth (YoY)
- −26.0%
- 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 · FY2011- Altman Z″ (distress)
- -2.55distress
- Accruals / assets
- −1.0%clean
- Piotroski F-Score
- 2/9weak
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
● 2 severe● 4 warning● 1 good- 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
- 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-Qmissed a reporting deadline ↗May 11, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 1, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 2, 2011
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 |
|---|---|---|---|---|
| Riley Jr. Gilbert NOfficer — CTO and VP of Res. and Dev. | Dec 3, 2012 | Sell | 20,000 | $0.08 |
| Pyenson Eric J.Officer — VP and General Counsel | Nov 19, 2012 | Sell | 1,237 | $0.09 |
| Johnson Robert JosephOfficer — VP and GM, Energy Sol'ns Group | Nov 19, 2012 | Sell | 1,237 | $0.09 |
| Forcier JasonOfficer — VP, Auto Solutions | Nov 19, 2012 | Sell | 743 | $0.09 |
| Riley Jr. Gilbert NOfficer — CTO and VP of Res. and Dev. | Nov 1, 2012 | Sell | 20,000 | $0.14 |
| Riley Jr. Gilbert NOfficer — CTO and VP of Res. and Dev. | Oct 1, 2012 | Sell | 20,000 | $0.25 |
| Mccarthy Jeffrey PDirector | Sep 7, 2012 | Sell | 557,768 | $0.20 |
| Mccarthy Jeffrey PDirector | Aug 29, 2012 | Sell | 204,419 | $0.28 |
| Riley Jr. Gilbert NOfficer — CTO and VP of Res. and Dev. | Sep 4, 2012 | Sell | 20,000 | $0.26 |
| Forcier JasonOfficer — VP, Auto Solutions | Aug 20, 2012 | Sell | 1,346 | $0.46 |
| Johnson Robert JosephOfficer — VP and GM, Energy Sol'ns Group | Aug 20, 2012 | Sell | 2,798 | $0.46 |
| Pyenson Eric J.Officer — Vice Pres. and General Counsel | Aug 20, 2012 | Sell | 2,798 | $0.46 |
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- Regulation FD disclosureJun 10, 2013
- Regulation FD disclosureMay 28, 2013
- Regulation FD disclosureMay 3, 2013
- Changed auditorApr 5, 2013
- Regulation FD disclosureApr 5, 2013
- Amended charter or bylawsMar 28, 2013
- Regulation FD disclosureMar 13, 2013
- Director / officer change · Regulation FD disclosureFeb 8, 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 ↗Event-driven situations (1)
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