TOWERSTREAM CORP
Communication Services · Communications Services, NEC · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | |
|---|---|---|---|---|---|---|
| Revenue | $24.6M | $26.2M | — | $7.2M | $7.6M | $8.1M |
| Operating income | −$3.6M | −$7.4M | −$13.0M | −$12.6M | −$2.5M | −$2.7M |
| Net income | −$10.2M | −$12.5M | −$20.4M | −$40.5M | −$27.6M | −$24.8M |
| Total assets | $18.4M | $26.5M | $34.4M | $47.0M | $82.3M | $74.9M |
| Total liabilities | $42.9M | $40.8M | $37.2M | $44.5M | $40.4M | $8.8M |
| Equity | −$24.4M | −$14.4M | −$2.9M | $2.5M | $42.0M | $66.1M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 394,399 | 20.8M | 66.8M | 66.7M | 66.4M | 66.4M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2018- Operating margin
- −14.7%
- Net margin
- −41.5%
- Return on equity
- 41.8%
- Return on assets
- −55.4%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 232.7%
- Debt / equity
- —
- Book value / share
- $-61.97
- Revenue growth (YoY)
- −6.1%
- 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 · FY2018- Altman Z″ (distress)
- -50.33distress
- Accruals / assets
- −45.7%clean
- 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● 5 warning● 2 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)
- 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 14, 2018
- NT 10-Qmissed a reporting deadline ↗Nov 9, 2016
- NT 10-Qmissed a reporting deadline ↗Aug 9, 2016
- NT 10-Kmissed a reporting deadline ↗Mar 15, 2016
- NT 10-Kmissed a reporting deadline ↗Mar 1, 2007
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- Entered a material agreementOct 25, 2018
- Director / officer changeSep 6, 2018
- Entered a material agreement · Unregistered equity sale · Director / officer change · Amended charter or bylawsMay 31, 2018
- Entered a material agreementApr 18, 2018
- Regulation FD disclosureMar 19, 2018
- Entered a material agreementMar 6, 2018
- Entered a material agreementFeb 1, 2018
- Director / officer changeJan 11, 2018
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 ↗- 10-K/AFORM 10-K/AApr 26, 2019
- 10-KFORM 10-KApr 1, 2019
- EFFECTMar 7, 2019
- EFFECTMar 7, 2019
- EFFECTMar 7, 2019
- EFFECTMar 7, 2019
- EFFECTMar 7, 2019
- EFFECTMar 7, 2019
- EFFECTMar 7, 2019
- S-8 POSFORM S-8 POSMar 6, 2019
- S-8 POSFORM S-8 POSMar 6, 2019
- S-8 POSFORM S-8 POSMar 6, 2019
- S-8 POSFORM S-8 POSMar 6, 2019
- POS AMFORM POS AMMar 6, 2019
- POS AMFORM POS AMMar 6, 2019
Event-driven situations (1)
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