Event-Driven Stocks

SURGALIGN HOLDINGS, INC.

Healthcare · Orthopedic, Prosthetic & Surgical Appliances & Supplies · DE · SEC filings ↗ · Compare ⊕

Signs● 2 good● 5 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY22FY21FY20FY19FY18FY17
Revenue$82.0M$90.5M$101.7M$117.4M$92.1M$280.3M
Operating income−$78.5M−$137.3M−$198.0M−$242.9M−$64.8M$29.3M
Net income−$54.6M−$84.7M−$33.8M−$211.6M−$3.1M$6.9M
Total assets$70.2M$123.8M$122.7M$344.5M$360.2M—
Total liabilities$86.0M$105.6M$98.5M$243.5M$112.4M—
Equity−$25.7M$8.2M$24.2M$34.6M$181.5M$181.5M
EPS (diluted)$-8.33$-20.72$-0.45$-3.02$-0.09$0.05
Shares out.198.8M110.3M74.6M75.2M63.5M60.6M

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
−95.7%
Net margin
−66.6%
Return on equity
212.2%
Return on assets
−77.7%
Return on capital (ROCE)
−159.8%
Liabilities / assets
122.4%
Debt / equity
—
Book value / share
$-0.13
Revenue growth (YoY)
−9.4%
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)
-33.47distress
Accruals / assets
−3.6%clean
Beneish M-Score
-2.60normal
Piotroski F-Score
4/9mixed

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 Score
29
/ 100
Profitability 20Growth 0Catalyst 33Earnings quality 67Financial strength 25

Our 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

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

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 (3)