Event-Driven Stocks

C-Bond Systems, Inc

Financials · Investors, NEC · CO · SEC filings ↗ · Compare ⊕

Signs● 2 good● 4 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY23FY22FY21FY20FY19FY18
Revenue$2.5M$2.2M$1.5M$555,863$602,636$6,104
Operating income$2.1M−$3.2M−$7.0M−$4.5M−$6.4M−$9.3M
Net income$1.9M−$5.2M−$7.1M−$4.4M−$7.2M−$9.9M
Total assets$2.3M$1.6M$2.1M$584,140$372,313$326,444
Total liabilities$3.8M$5.8M$3.4M$2.0M$2.9M$1.1M
Equity−$4.5M−$7.2M−$4.2M−$3.2M−$2.6M−$815,123
EPS (diluted)$0.00$-0.02$-0.05$-0.03——
Shares out.447.7M285.2M237.0M125.2M81.1M9.1M

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

Key ratios

from filings · FY2023
Operating margin
82.6%
Net margin
75.8%
Return on equity
−42.2%
Return on assets
82.6%
Return on capital (ROCE)
—
Liabilities / assets
165.7%
Debt / equity
—
Book value / share
$-0.01
Revenue growth (YoY)
11.5%
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 · FY2023
Altman Z″ (distress)
-85.96distress
Accruals / assets
152.8%high accruals
Beneish M-Score
5.27elevated
Piotroski F-Score
5/9mixed

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
42
/ 100
Profitability 75Growth 100Catalyst 33Earnings quality 0Financial strength 0

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

● 3 severe● 4 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
  • High accruals — earnings-quality risk
  • Beneish M-Score elevated — earnings-manipulation screen flag
  • Operating margin is positive
  • Revenue is growing year-over-year

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)

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