PetroShare Corp.
Energy · Crude Petroleum & Natural Gas · CO · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY18 | FY17 | FY16 | FY15 | FY14 | |
|---|---|---|---|---|---|
| Revenue | $20.4M | $11.1M | — | $1,328 | $7,394 |
| Operating income | −$5.6M | $178,672 | −$4.2M | −$1.5M | −$2.6M |
| Net income | −$17.3M | −$10.8M | −$4.5M | −$1.5M | −$2.6M |
| Total assets | $62.6M | $34.9M | $18.0M | $4.2M | $641,308 |
| Total liabilities | $66.8M | $27.0M | $16.5M | $1.4M | $366,833 |
| Equity | −$4.3M | $7.8M | $1.6M | $2.8M | $274,475 |
| EPS (diluted) | — | — | — | — | — |
| Shares out. | 27.8M | 22.0M | 21.7M | 21.6M | 17.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2018- Operating margin
- −27.2%
- Net margin
- −84.8%
- Return on equity
- 405.6%
- Return on assets
- −27.7%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 106.8%
- Debt / equity
- —
- Book value / share
- $-0.15
- Revenue growth (YoY)
- 83.7%
- 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 · FY2018- Altman Z″ (distress)
- -6.10distress
- Accruals / assets
- −35.1%clean
- 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 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● 3 warning● 4 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
- High leverage (liabilities > 70% of assets)
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- 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-Kmissed a reporting deadline ↗Apr 2, 2019
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2016
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2016
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- Other material eventOct 16, 2019
- Bankruptcy or receivership · Regulation FD disclosure · Other material eventSep 10, 2019
- Bankruptcy or receivership · Debt acceleration / triggering event · Regulation FD disclosure · Other material eventSep 4, 2019
- Director / officer changeAug 27, 2019
- Director / officer changeMar 29, 2019
- Shareholder voteMar 20, 2019
- Completed an acquisition or disposition · Other material eventMar 5, 2019
- Regulation FD disclosureFeb 12, 2019
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 ↗- 8-KCURRENT REPORTOct 16, 2019
- RWPRIMARY DOCUMENTOct 16, 2019
- 8-K/AAMENDED CURRENT REPORTSep 11, 2019
- 8-KFORM 8-KSep 10, 2019
- 8-KCURRENT REPORTSep 4, 2019
- 8-KCURRENT REPORTAug 27, 2019
- 10-QQUARTERLY REPORTAug 14, 2019
- 10-QQUARTERLY REPORTMay 15, 2019
- 10-KANNUAL REPORTApr 4, 2019
- NT 10-KApr 2, 2019
- 8-KCURRENT REPORTMar 29, 2019
- 8-KCURRENT REPORTMar 20, 2019
- 8-KCURRENT REPORTMar 5, 2019
- 8-KFeb 12, 2019
- SC 13G/AAMENDMENT NO. 1Jan 28, 2019
Event-driven situations (1)
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