QualTek Services Inc.
Industrials · Water, Sewer, Pipeline, Comm & Power Line Construction · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | |
|---|---|---|---|
| Revenue | $753.9M | $612.2M | — |
| Operating income | −$47.6M | −$49.2M | −$975 |
| Net income | −$36.4M | −$110.4M | −$975 |
| Total assets | $688.9M | $671.8M | $228,800 |
| Total liabilities | $789.6M | $738.7M | $206,000 |
| Equity | −$100.7M | −$2.9M | $22,800 |
| EPS (diluted) | $-1.47 | — | — |
| Shares out. | 45.0M | 3.3M | 2.9M |
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
- −6.3%
- Net margin
- −4.8%
- Return on equity
- 36.2%
- Return on assets
- −5.3%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 114.6%
- Debt / equity
- —
- Book value / share
- $-2.24
- Revenue growth (YoY)
- 23.1%
- 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)
- -6.06distress
- Accruals / assets
- 4.7%clean
- Piotroski F-Score
- 3/9weak
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. What these scores mean →
Signs
● 3 severe● 4 warning● 3 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)
- 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 ↗May 17, 2023
- NT 10-Kmissed a reporting deadline ↗Apr 3, 2023
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2022
- NT 10-Qmissed a reporting deadline ↗Nov 15, 2021
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2021
- NT 10-Qmissed a reporting deadline ↗May 17, 2021
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- Entered a material agreement · Terminated a material agreement · Bankruptcy or receivership · New financial obligation · Unregistered equity sale · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Regulation FD disclosure · Other material eventJul 17, 2023
- Bankruptcy or receivership · Director / officer changeJul 7, 2023
- Entered a material agreement · Bankruptcy or receivership · Debt acceleration / triggering event · Delisting / listing-standard notice · Regulation FD disclosureMay 31, 2023
- Delisting / listing-standard notice · Regulation FD disclosure · Other material eventApr 24, 2023
- Entered a material agreement · New financial obligation · Director / officer change · Regulation FD disclosure · Other material eventMar 16, 2023
- Director / officer changeFeb 22, 2023
- Delisting / listing-standard noticeJan 6, 2023
- Entered a material agreement · New financial obligationDec 27, 2022
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 ↗- 15-15DJul 20, 2023
- 15-12GJul 20, 2023
- EFFECTJul 19, 2023
- EFFECTJul 19, 2023
- S-8 POSJul 17, 2023
- POS AMJul 17, 2023
- POS AMJul 17, 2023
- 8-KFORM 8-KJul 17, 2023
- 10-QJul 13, 2023
- 25-NSEJul 10, 2023
- 8-KFORM 8-KJul 7, 2023
- 8-KFORM 8-KMay 31, 2023
- NT 10-QMay 17, 2023
- 424B3May 4, 2023
- 424B3May 4, 2023
Event-driven situations (3)
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