Event-Driven Stocks

SPI Energy Co., Ltd.

Technology · Semiconductors & Related Devices · E9 · SEC filings ↗ · Compare ⊕

Signs● 2 good● 4 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY22FY21FY20FY19FY14FY13
Revenue$177.5M$162.0M$138.6M$97.9M$91.6M$42.6M
Operating income−$28.6M−$41.5M$91,000−$19.2M$4.5M−$31.6M
Net income−$33.7M−$44.8M−$6.5M−$15.3M−$5.2M−$32.2M
Total assets$231.1M$228.1M$217.0M—$587.9M$71.0M
Total liabilities$213.2M$202.1M$168.6M—$325.8M$73.8M
Equity$12.2M$22.4M$45.3M−$5.5M$262.1M−$2.9M
EPS (diluted)$-1.30$-1.90$-0.40$-1.20$-0.02$-0.16
Shares out.26.4M25.4M22.3M—198.2M198.2M

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
−16.1%
Net margin
−19.0%
Return on equity
−276.6%
Return on assets
−14.6%
Return on capital (ROCE)
−69.2%
Liabilities / assets
92.3%
Debt / equity
17.49×
Book value / share
$0.46
Revenue growth (YoY)
9.6%
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)
-13.29distress
Accruals / assets
−7.7%clean
Beneish M-Score
-2.90normal
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 Score
45
/ 100
Profitability 0Growth 100Catalyst 33Earnings quality 67Financial strength 25

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.

Signs

● 2 severe● 4 warning● 2 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
  • High leverage (liabilities > 70% of assets)
  • Negative operating cash flow
  • Revenue is growing year-over-year
  • 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

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

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)