Flitways Technology Inc.
Industrials · Services-Business Services, NEC · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY17 | FY16 | FY15 | FY14 | FY13 | |
|---|---|---|---|---|---|
| Revenue | $1.3M | $434,000 | $337,000 | — | — |
| Operating income | −$1.6M | −$2.6M | −$116,000 | — | — |
| Net income | −$8.5M | −$2.6M | −$120,000 | −$37,499 | −$25,709 |
| Total assets | $237,000 | $87,000 | $16,000 | $6,507 | $21,272 |
| Total liabilities | — | $755,000 | $245,000 | $40,454 | $17,720 |
| Equity | −$7.9M | −$668,000 | −$229,000 | −$109,000 | $3,552 |
| EPS (diluted) | — | — | — | — | — |
| Shares out. | 65.1M | 30.0M | 30.0M | 30.0M | 30.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2017- Operating margin
- −127.8%
- Net margin
- −679.3%
- Return on equity
- 108.3%
- Return on assets
- −3603.0%
- Return on capital (ROCE)
- —
- Liabilities / assets
- —
- Debt / equity
- —
- Book value / share
- $-0.12
- Revenue growth (YoY)
- 189.6%
- 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 · FY2017- Accruals / assets
- −3444.7%clean
- Piotroski F-Score
- 3/8weak
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
● 2 severe● 3 warning● 3 good- Negative shareholder equity
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- 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 ↗Sep 28, 2018
- NT 10-Qmissed a reporting deadline ↗May 14, 2018
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2018
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2017
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2017
- NT 10-Qmissed a reporting deadline ↗May 17, 2017
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 change · Other material eventJul 30, 2021
- Bankruptcy or receivershipJan 21, 2021
- Bankruptcy or receivership · Director / officer changeNov 3, 2020
- Results of operations · Other material eventOct 21, 2019
- Other material eventMay 17, 2019
- Prior financials not reliable (restatement)Nov 13, 2018
- Entered a material agreement · Terminated a material agreement · Bankruptcy or receivership · Costs from exit or disposal · Prior financials not reliable (restatement) · Change in control · Director / officer change · Other material eventOct 15, 2018
- Amended charter or bylawsMay 21, 2018
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 REPORTJul 30, 2021
- 8-KFORM 8-KJan 21, 2021
- 8-KCURRENT REPORTNov 3, 2020
- DEF 14CDEFINITIVE INFORMATION STATEMENTJan 21, 2020
- SC 13DSCHEDULE 13DNov 21, 2019
- 8-KFORM 8-KOct 21, 2019
- 8-KFORM 8-KMay 17, 2019
- 15-12GFORM 15-12GMay 10, 2019
- 10-Q/AFORM 10-QMay 2, 2019
- 10-QFORM 10-QMay 1, 2019
- 10-K/AFORM 10-K AMENDMENT NO. 1May 1, 2019
- DApr 17, 2019
- 10-KFORM 10-KApr 12, 2019
- UPLOADNov 15, 2018
- 10-QFORM 10-QNov 14, 2018
Event-driven situations (2)
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