Event-Driven Stocks

Inrad Optics, Inc.

Technology · Electronic Components, NEC · NJ · SEC filings ↗ · Compare ⊕

Signs● 5 good● 2 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY23FY22FY21FY20FY19FY18
Revenue$12.9M$10.6M$11.4M$9.0M$10.0M$11.5M
Operating income$1.8M$319,057$934,349−$748,187−$621,722$867,440
Net income$2.7M$152,575$1.7M−$898,561−$776,098$706,608
Total assets$11.7M$9.1M$7.3M$7.0M$7.1M$6.9M
Total liabilities$5.2M$5.4M$3.9M$5.7M$5.1M$4.4M
Equity$6.5M$3.7M$3.3M$1.4M$2.0M$2.6M
EPS (diluted)$0.16$0.01$0.11$-0.07$-0.06$0.05
Shares out.14.2M14.0M13.8M13.7M13.6M13.5M

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
14.0%
Net margin
20.7%
Return on equity
40.8%
Return on assets
22.8%
Return on capital (ROCE)
19.2%
Liabilities / assets
44.1%
Debt / equity
0.79×
Book value / share
$0.46
Revenue growth (YoY)
21.4%
Net income growth (YoY)
1648.9%

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)
1.97grey zone
Accruals / assets
11.2%high accruals
Beneish M-Score
-1.78normal
Piotroski F-Score
6/9mixed

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
68
/ 100
Profitability 100Growth 100Catalyst 33Earnings quality 33Financial strength 75

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. What these scores mean →

Signs

● 1 severe● 2 warning● 5 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • High accruals — earnings-quality risk
  • Altman Z″ in the grey zone
  • Operating margin is positive
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow

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 (1)

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