Event-Driven Stocks

Cardiovascular Systems Inc

Healthcare · Surgical & Medical Instruments & Apparatus · DE · SEC filings ↗ · Compare ⊕

Signs3 good4 warningdetails ↓

Financials

SEC XBRL · annual
 FY22FY21FY20FY19FY18FY17
Revenue$236.2M$259.0M$236.5M$248.0M$217.0M$204.9M
Operating income−$35.8M−$11.9M−$26.8M−$825,000$2.2M−$1.5M
Net income−$36.9M−$13.4M−$27.2M−$255,000$1.7M−$1.8M
Total assets$322.7M$352.6M$339.5M$218.6M$203.4M$193.9M
Total liabilities$73.2M$81.6M$70.7M$70.6M$68.9M$75.6M
Equity$249.5M$271.0M$268.8M$147.9M$134.5M$118.4M
EPS (diluted)$-0.94$-0.35$-0.79$0.02$0.05$-0.06
Shares out.41.0M40.2M39.7M35.3M33.5M33.0M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2022
Operating margin
−15.2%
Net margin
−15.6%
Return on equity
−14.8%
Return on assets
−11.4%
Return on capital (ROCE)
−12.7%
Liabilities / assets
22.7%
Debt / equity
0.29×
Book value / share
$6.09
Revenue growth (YoY)
−8.8%
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 · FY2022
Altman Z″ (distress)
2.66safe
Accruals / assets
3.9%clean
Beneish M-Score
-2.49normal
Piotroski F-Score
3/9weak

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 Score
40
/ 100
Profitability 0Growth 0Catalyst 33Earnings quality 67Financial strength 100

Our 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

4 warning3 good
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Revenue declined year-over-year
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Material events

SEC Form 8-K · most recent

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)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.