Appgate, Inc.
Technology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | |
|---|---|---|---|
| Revenue | $42.7M | $43.0M | $33.7M |
| Operating income | −$80.1M | −$54.2M | −$44.0M |
| Net income | −$30.1M | −$73.1M | −$50.4M |
| Total assets | $138.8M | $168.6M | $226.3M |
| Total liabilities | $162.9M | $176.8M | $185.4M |
| Equity | −$24.1M | −$8.2M | $28.2M |
| EPS (diluted) | — | $-49920.00 | — |
| Shares out. | 131.8M | 14.6M | 13.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- −187.9%
- Net margin
- −70.5%
- Return on equity
- 124.9%
- Return on assets
- −21.7%
- Return on capital (ROCE)
- −112.0%
- Liabilities / assets
- 117.4%
- Debt / equity
- —
- Book value / share
- $-0.18
- Revenue growth (YoY)
- −0.9%
- 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)
- -18.92distress
- Accruals / assets
- 20.5%high accruals
- Beneish M-Score
- -44.54normal
- 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
● 3 severe● 6 warning● 1 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
- High accruals — earnings-quality risk
- Strong return on equity (>15%)
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-Kmissed a reporting deadline ↗Apr 1, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2023
- NT 10-Kmissed a reporting deadline ↗Jul 1, 2019
- NT 10-Qmissed a reporting deadline ↗Feb 14, 2019
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2017
- NT 10-Kmissed a reporting deadline ↗Jun 30, 2017
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- Terminated a material agreement · Bankruptcy or receivership · Modified shareholder rights · Regulation FD disclosure · Other material eventJul 3, 2024
- Bankruptcy or receivership · Modified shareholder rights · Director / officer change · Regulation FD disclosureJun 24, 2024
- Entered a material agreement · Bankruptcy or receivership · New financial obligation · Debt acceleration / triggering event · Unregistered equity sale · Director / officer change · Regulation FD disclosure · Other material eventMay 6, 2024
- New financial obligation · Unregistered equity saleApr 24, 2024
- New financial obligation · Unregistered equity saleMar 28, 2024
- Entered a material agreement · New financial obligation · Unregistered equity saleJan 18, 2024
- Regulation FD disclosureNov 14, 2023
- New financial obligation · Unregistered equity saleOct 31, 2023
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 (2)
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