ISUN, INC.
Technology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $95.7M | $76.5M | $45.3M | $21.1M | $28.2M | $16.0M |
| Operating income | −$12.7M | −$55.4M | −$10.6M | −$1.7M | $921,113 | $1.2M |
| Net income | −$19.4M | −$53.8M | −$6.2M | −$980,056 | −$427,795 | $1.1M |
| Total assets | $66.7M | $67.5M | $103.7M | $19.6M | $68.7M | $10.8M |
| Total liabilities | $53.6M | $48.2M | $43.9M | $11.7M | $34.1M | $5.7M |
| Equity | $13.1M | $19.3M | $59.9M | $7.9M | $4.0M | $5.1M |
| EPS (diluted) | $-0.73 | $-3.82 | $-0.67 | $-0.24 | $-0.10 | $0.33 |
| Shares out. | 16.8M | 14.0M | 8.5M | 5.3M | 1.8M | 3.3M |
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
- −13.3%
- Net margin
- −20.3%
- Return on equity
- −148.0%
- Return on assets
- −29.1%
- Return on capital (ROCE)
- −40.5%
- Liabilities / assets
- 80.3%
- Debt / equity
- 4.08×
- Book value / share
- $0.78
- Revenue growth (YoY)
- 25.2%
- 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)
- -5.03distress
- Accruals / assets
- −15.7%clean
- Beneish M-Score
- -2.62normal
- 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.
Signs
● 2 severe● 4 warning● 2 good- 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)
- Negative operating cash flow
- 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 15, 2024
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2024
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2022
- NT 10-Qmissed a reporting deadline ↗May 17, 2021
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2020
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 · Debt acceleration / triggering event · Delisting / listing-standard notice · Director / officer change · Other material eventJun 7, 2024
- Entered a material agreement · New financial obligationMay 31, 2024
- Delisting / listing-standard noticeMay 20, 2024
- Debt acceleration / triggering eventMay 15, 2024
- Amended charter or bylaws · Other material eventApr 25, 2024
- Modified shareholder rights · Amended charter or bylaws · Other material eventApr 24, 2024
- Director / officer change · Regulation FD disclosureApr 22, 2024
- Entered a material agreement · Director / officer change · Regulation FD disclosureMar 11, 2024
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.