Latitude Solutions, Inc.
Technology · Communications Equipment, NEC · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY11 | FY10 | |
|---|---|---|
| Revenue | $254,146 | $0 |
| Operating income | — | — |
| Net income | −$27.0M | −$4.3M |
| Total assets | $12.4M | $2.8M |
| Total liabilities | $5.2M | $4.0M |
| Equity | $7.2M | −$1.1M |
| EPS (diluted) | — | — |
| Shares out. | 59.8M | 28.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2011- Operating margin
- —
- Net margin
- −10632.3%
- Return on equity
- −374.4%
- Return on assets
- −217.7%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 41.8%
- Debt / equity
- 0.72×
- Book value / share
- $0.12
- 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 · FY2011- Accruals / assets
- −154.6%clean
- Piotroski F-Score
- 4/8mixed
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
● 1 severe● 2 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- 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, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2012
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2011
- NT 10-Qmissed a reporting deadline ↗Aug 10, 2011
- NT 10-Qmissed a reporting deadline ↗May 10, 2011
- NT 10-Kmissed a reporting deadline ↗Mar 28, 2011
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- Bankruptcy or receivership · Director / officer changeNov 13, 2012
- Results of operations · Material impairmentNov 8, 2012
- Delisting / listing-standard noticeSep 26, 2012
- Director / officer changeSep 21, 2012
- Director / officer changeSep 4, 2012
- Director / officer change · Regulation FD disclosureJul 10, 2012
- Director / officer change · Regulation FD disclosureJun 4, 2012
- Regulation FD disclosure · Other material eventMay 15, 2012
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 ↗- REVOKEDOct 10, 2014
- UPLOADNov 20, 2012
- 8-KNov 13, 2012
- 8-KNov 8, 2012
- UPLOADNov 5, 2012
- UPLOADOct 18, 2012
- 8-KSep 26, 2012
- 8-KSep 21, 2012
- 8-KSep 4, 2012
- NT 10-QAug 14, 2012
- 3PRIMARY DOCUMENTAug 6, 2012
- 4PRIMARY DOCUMENTJul 30, 2012
- 3PRIMARY DOCUMENTJul 20, 2012
- 4PRIMARY DOCUMENTJul 19, 2012
- 3PRIMARY DOCUMENTJul 11, 2012