GI DYNAMICS, INC.
Healthcare · Surgical & Medical Instruments & Apparatus · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | |
|---|---|---|---|---|---|---|
| Revenue | — | — | $0 | $53,000 | $545,000 | $616,000 |
| Operating income | −$9.1M | −$9.5M | −$7.6M | −$10.5M | −$13.1M | −$9.9M |
| Net income | −$11.1M | −$17.3M | −$8.0M | −$10.9M | −$13.1M | −$10.3M |
| Total assets | $4.5M | $4.2M | $4.4M | $3.5M | $9.2M | $21.8M |
| Total liabilities | $5.0M | $7.4M | $7.9M | $7.2M | $2.4M | — |
| Equity | −$535,000 | −$3.2M | −$3.4M | −$3.7M | $6.8M | $18.3M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 36.6M | 19.3M | 12.3M | 11.2M | 9.5M | 94.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2020- Operating margin
- —
- Net margin
- —
- Return on equity
- 2081.5%
- Return on assets
- −248.8%
- Return on capital (ROCE)
- −300.7%
- Liabilities / assets
- 112.0%
- Debt / equity
- —
- Book value / share
- $-0.01
- 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 · FY2020- Altman Z″ (distress)
- -225.04distress
- Accruals / assets
- −6.5%clean
- Piotroski F-Score
- 4/7mixed
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● 2 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- 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 ↗Aug 15, 2019
- NT 10-Qmissed a reporting deadline ↗May 16, 2019
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- Modified shareholder rights · Amended charter or bylawsJul 20, 2021
- Entered a material agreementApr 1, 2021
- Entered a material agreementMar 9, 2021
- Entered a material agreementFeb 2, 2021
- Director / officer changeJan 15, 2021
- Entered a material agreementJan 5, 2021
- Entered a material agreementDec 3, 2020
- Director / officer changeNov 18, 2020
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 ↗- SC 13E3/AAMENDMENT NO. 2 TO SCHEDULE 13E-3Aug 2, 2021
- 15-12GCERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATIONJul 21, 2021
- 8-KCURRENT REPORTJul 20, 2021
- DEF 14CDEFINITIVE INFORMATION STATEMENTJun 25, 2021
- SC 13E3/AAMENDMENT NO. 1 TO FORM SCHEDULE 13E3Jun 25, 2021
- SC 13E3SCHEDULE 13E3Jun 15, 2021
- PRE 14CPRELIMINARY PROXY STATEMENTJun 11, 2021
- 10-K/AAMENDMENT NO. 1 TO FORM 10-KJun 11, 2021
- 10-QQUARTERLY REPORTMay 7, 2021
- 8-KFORM 8-KApr 1, 2021
- 10-KANNUAL REPORTMar 12, 2021
- 4Mar 11, 2021
- 8-KCURRENT REPORTMar 9, 2021
- 4Feb 4, 2021
- 4Feb 4, 2021
Event-driven situations (1)
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.