SRAX, Inc.
Industrials · Services-Advertising Agencies · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $27.9M | $26.7M | $6.5M | $3.6M | $9.9M | $23.3M |
| Operating income | $4.0M | −$85,000 | −$7.0M | −$17.9M | −$11.7M | −$3.8M |
| Net income | −$31.6M | −$34.8M | −$14.7M | −$16.9M | $8.7M | −$13.0M |
| Total assets | $18.1M | $43.7M | $39.0M | $20.2M | $23.1M | $23.6M |
| Total liabilities | $27.3M | $22.9M | $19.8M | $7.7M | $9.0M | $17.7M |
| Equity | −$9.2M | $20.7M | $19.2M | $12.5M | $14.1M | $5.9M |
| EPS (diluted) | $-1.21 | $-1.75 | $-1.01 | — | $0.86 | $-1.58 |
| Shares out. | 26.3M | 22.9M | 14.0M | 11.7M | 10.1M | 8.0M |
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
- 14.4%
- Net margin
- −113.6%
- Return on equity
- 342.1%
- Return on assets
- −175.1%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 151.2%
- Debt / equity
- —
- Book value / share
- $-0.35
- Revenue growth (YoY)
- 4.3%
- 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)
- -14.72distress
- Accruals / assets
- −106.9%clean
- Beneish M-Score
- -8.65normal
- Piotroski F-Score
- 3/9weak
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.
Signs
● 3 severe● 3 warning● 4 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- 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 ↗May 17, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2022
- NT 10-Qmissed a reporting deadline ↗May 18, 2021
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2019
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2012
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2012
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.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Miglino ChristopherOfficer — Chief Executive Officer | Dec 26, 2023 | Buy | 15,000 | $0.05 |
| Malone MichaelOfficer — Chief Financial Officer | Dec 31, 2021 | Option exercise | 100,000 | $2.56 |
| Miglino ChristopherOfficer — Chief Executive Officer | Sep 27, 2021 | J | 967,575 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Other material eventMay 13, 2024
- Entered a material agreement · New financial obligation · Debt acceleration / triggering event · Unregistered equity saleApr 3, 2024
- Amended charter or bylawsApr 2, 2024
- Entered a material agreement · New financial obligation · Debt acceleration / triggering event · Unregistered equity saleMar 6, 2024
- Entered a material agreement · New financial obligation · Debt acceleration / triggering event · Unregistered equity saleNov 6, 2023
- Entered a material agreementSep 19, 2023
- Director / officer changeSep 8, 2023
- Director / officer change · Regulation FD disclosureJul 17, 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 (1)
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