Vado Corp.
Industrials · Services-Advertising · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | |
|---|---|---|---|---|---|---|
| Revenue | $16.0M | $17.6M | $0 | $0 | $0 | $15,284 |
| Operating income | −$6.2M | −$4.2M | −$135,556 | −$139,360 | −$35,824 | −$529 |
| Net income | −$8.5M | −$4.8M | −$136,681 | −$149,148 | −$35,824 | −$529 |
| Total assets | $4.5M | $3.7M | $73,287 | $81,840 | $10,583 | $13,999 |
| Total liabilities | $13.6M | $8.4M | $40,531 | $12,403 | $10,965 | $41,989 |
| Equity | −$9.1M | −$4.7M | −$1.3M | $69,437 | −$12,559 | $23,265 |
| EPS (diluted) | $-0.05 | $-0.03 | — | — | — | — |
| Shares out. | 100.0M | 100.0M | 33.3M | 3.4M | 3.4M | 3.4M |
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
- −38.8%
- Net margin
- −53.1%
- Return on equity
- 93.2%
- Return on assets
- −189.9%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 303.8%
- Debt / equity
- —
- Book value / share
- $-0.09
- Revenue growth (YoY)
- −9.0%
- 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)
- -31.50distress
- Accruals / assets
- −104.0%clean
- Beneish M-Score
- -7.31normal
- 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 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● 5 warning● 2 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
- 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.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Apr 1, 2025
- NT 10-Kmissed a reporting deadline ↗Apr 2, 2024
- NT 10-Qmissed a reporting deadline ↗Aug 15, 2023
- NT 10-Qmissed a reporting deadline ↗Oct 16, 2018
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- Director / officer changeMay 8, 2025
- Director / officer changeDec 6, 2024
- Director / officer changeOct 18, 2024
- Entered a material agreement · Unregistered equity saleNov 21, 2023
- Changed auditorMay 2, 2023
- Item 5.06 · Other material eventMar 16, 2023
- Entered a material agreement · Unregistered equity sale · Director / officer change · Amended charter or bylawsFeb 28, 2023
- Entered a material agreement · Unregistered equity sale · Amended charter or bylawsFeb 21, 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 ↗- 15-12GFORM 15-12GMay 14, 2025
- 8-KFORM 8-KMay 8, 2025
- NT 10-KFORM NT 10-KApr 1, 2025
- 8-KFORM 8-KDec 6, 2024
- 10-QFORM 10-QNov 14, 2024
- 3Oct 23, 2024
- 8-KFORM 8-KOct 18, 2024
- 10-QFORM 10-QAug 14, 2024
- 10-QFORM 10-QMay 15, 2024
- 3May 7, 2024
- 10-KFORM 10-KApr 16, 2024
- NT 10-KFORM NT 10-KApr 2, 2024
- SC 13DSCHEDULE 13DDec 7, 2023
- SC 13DSCHEDULE 13DDec 6, 2023
- 3Nov 27, 2023
Event-driven situations (1)
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