QUALSTAR CORP
Technology · Magnetic & Optical Recording Media · CA · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | |
|---|---|---|---|---|---|---|
| Revenue | $13.4M | $12.2M | $10.6M | $9.4M | $2.8M | $2.6M |
| Operating income | −$70,000 | $1.5M | $657,000 | −$1.2M | −$1.3M | −$5.6M |
| Net income | −$7,000 | $1.5M | $640,000 | −$1.2M | −$1.3M | −$2.2M |
| Total assets | $10.0M | $10.0M | $8.6M | $7.3M | $8.7M | $12.8M |
| Total liabilities | $3.3M | $2.7M | $2.7M | $2.4M | $2.7M | — |
| Equity | $6.7M | $7.3M | $5.9M | $4.8M | $6.0M | $9.1M |
| EPS (diluted) | $0.00 | $0.72 | $0.31 | — | — | — |
| Shares out. | 2.0M | 2.0M | 2.0M | 12.3M | 12.3M | 12.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2019- Operating margin
- −0.5%
- Net margin
- −0.1%
- Return on equity
- −0.1%
- Return on assets
- −0.1%
- Return on capital (ROCE)
- −0.9%
- Liabilities / assets
- 32.8%
- Debt / equity
- 0.49×
- Book value / share
- $3.38
- Revenue growth (YoY)
- 9.9%
- Net income growth (YoY)
- −100.5%
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 · FY2019- Altman Z″ (distress)
- 2.44grey zone
- Accruals / assets
- 1.1%clean
- Beneish M-Score
- 0.58elevated
- 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
● 5 warning● 3 good- Operating losses (negative operating margin)
- Reported a net loss
- Negative operating cash flow
- Beneish M-Score elevated — earnings-manipulation screen flag
- Altman Z″ in the grey zone
- Revenue is growing year-over-year
- 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.
Material events
SEC Form 8-K · most recent- Delisting / listing-standard noticeApr 9, 2020
- Results of operationsMar 19, 2020
- Director / officer changeJan 7, 2020
- Results of operationsNov 7, 2019
- Director / officer changeNov 4, 2019
- Results of operationsAug 15, 2019
- Director / officer change · Shareholder voteJul 11, 2019
- Entered a material agreementMay 29, 2019
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 ↗- 15-12BFORM 15-12BMay 6, 2020
- EFFECTMay 1, 2020
- POS AMFORM POS AMMay 1, 2020
- S-8 POSFORM S-8 POSMay 1, 2020
- S-8 POSFORM S-8 POSMay 1, 2020
- S-8 POSFORM S-8 POSMay 1, 2020
- S-8 POSFORM S-8 POSMay 1, 2020
- 25FORM 25Apr 20, 2020
- 8-KFORM 8-KApr 9, 2020
- 8-KFORM 8-KMar 19, 2020
- 10-KFORM 10-KMar 19, 2020
- 4Mar 10, 2020
- SC 13G/AFeb 13, 2020
- SC 13D/ASCHEDULE 13D/AJan 13, 2020
- 3PRIMARY DOCUMENTJan 8, 2020
Event-driven situations (1)
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