SEP Acquisition Corp.
Healthcare · Surgical & Medical Instruments & Apparatus · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY23 | FY22 | FY21 | |
|---|---|---|---|
| Revenue | — | — | — |
| Operating income | −$2.9M | −$1.2M | −$837,962 |
| Net income | −$2.4M | $7.7M | $7.1M |
| Total assets | $13.7M | $24.0M | $183.6M |
| Total liabilities | $3.7M | $17.9M | $14.1M |
| Equity | −$3.7M | −$7.3M | −$12.8M |
| EPS (diluted) | — | — | $-1.33 |
| Shares out. | — | — | 4.4M |
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
- —
- Net margin
- —
- Return on equity
- 64.0%
- Return on assets
- −17.2%
- Return on capital (ROCE)
- −25.6%
- Liabilities / assets
- 27.1%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- −130.5%
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)
- -4.48distress
- Accruals / assets
- −4.1%clean
- Piotroski F-Score
- 2/6weak
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● 1 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Negative operating cash flow
- Strong return on equity (>15%)
- Conservative leverage (liabilities < 50% of assets)
- 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-Qmissed a reporting deadline ↗Nov 15, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 15, 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.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| White Robert AndrewOfficer — President and CEO | Oct 2, 2023 | Conversion | 2.4M | — |
| Garrou Marshall BlairDirector | Oct 2, 2023 | Conversion | 2.4M | — |
| Mercury Sponsor Group I Llc10% owner | Oct 2, 2023 | Conversion | 2.4M | — |
| Garrou Marshall BlairDirector | Feb 21, 2023 | Sell | 13,084 | $10.00 |
| Garrou Marshall BlairDirector | Jul 30, 2021 | Buy | 875,000 | $10.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Delisting / listing-standard notice · Other material eventJul 15, 2024
- Terminated a material agreementJun 26, 2024
- Other material eventJun 4, 2024
- Entered a material agreementJun 3, 2024
- Entered a material agreementApr 26, 2024
- Entered a material agreementFeb 28, 2024
- Modified shareholder rights · Director / officer change · Amended charter or bylaws · Shareholder vote · Other material eventJan 30, 2024
- Delisting / listing-standard noticeOct 24, 2023
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.