Event-Driven Stocks

Avinger Inc

Healthcare · Surgical & Medical Instruments & Apparatus · DE · SEC filings ↗ · Compare ⊕

Signs● 2 good● 5 warning● 2 severedetails ↓

Financials

SEC XBRL · annual
 FY23FY22FY21FY20FY19FY18
Revenue$7.7M$8.3M$10.1M$8.8M$9.1M$7.9M
Operating income−$16.6M−$16.0M−$18.1M−$17.4M−$19.4M−$23.0M
Net income−$18.3M−$17.6M−$17.4M−$19.0M−$19.4M−$27.6M
Total assets$13.8M$24.2M$29.5M$33.2M$23.8M$23.7M
Total liabilities$20.0M$20.0M$19.8M$20.1M$16.9M$14.2M
Equity−$6.2M$4.1M$9.7M$13.1M$6.9M$9.5M
EPS (diluted)$-23.31$-65.33$-4.57———
Shares out.8.6M5.4M95.3M16.8M42.3M4.4M

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

Key ratios

from filings · FY2023
Operating margin
−217.4%
Net margin
−239.4%
Return on equity
295.4%
Return on assets
−133.0%
Return on capital (ROCE)
—
Liabilities / assets
145.0%
Debt / equity
—
Book value / share
$-0.72
Revenue growth (YoY)
−7.5%
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)
-111.44distress
Accruals / assets
−28.2%clean
Beneish M-Score
-4.11normal
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 Score
25
/ 100
Profitability 25Growth 0Catalyst 33Earnings quality 67Financial 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

● 2 severe● 5 warning● 2 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • 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.

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)