VHGI HOLDINGS, INC.
Technology · Services-Computer Integrated Systems Design · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY12 | FY11 | FY10 | |
|---|---|---|---|
| Revenue | $481,568 | $499,617 | $482,330 |
| Operating income | −$13.3M | −$1.1M | −$1.4M |
| Net income | −$22.3M | −$5.4M | −$1.7M |
| Total assets | $47.5M | $7.2M | $3.6M |
| Total liabilities | $62.2M | $9.1M | $1.6M |
| Equity | −$14.7M | −$1.9M | $2.1M |
| EPS (diluted) | — | — | — |
| Shares out. | 156.7M | 86.0M | 84.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2012- Operating margin
- −2767.9%
- Net margin
- −4640.9%
- Return on equity
- 151.8%
- Return on assets
- −47.1%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 131.0%
- Debt / equity
- —
- Book value / share
- $-0.09
- Revenue growth (YoY)
- −3.6%
- 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 · FY2012- Altman Z″ (distress)
- -12.83distress
- Accruals / assets
- −22.2%clean
- 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. What these scores mean →
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- NT 10-Kmissed a reporting deadline ↗Mar 28, 2013
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2012
- NT 10-Qmissed a reporting deadline ↗May 14, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 29, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2011
- NT 10-Qmissed a reporting deadline ↗Aug 16, 2010
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 |
|---|---|---|---|---|
| Fasci Michael EOfficer — Chief Financial Officer | Aug 8, 2013 | Buy | 249,500 | $0.03 |
| Risinger Paul ROfficer — Chief Executive Officer | Dec 31, 2012 | J | 200,000 | — |
| Stuckert James W10% owner | Jan 31, 2012 | Buy | 10,000 | $0.64 |
| Stuckert James W10% owner | Nov 8, 2011 | Buy | 50,000 | $0.10 |
| Stuckert James W10% owner | Jul 5, 2011 | Buy | 13,855 | $0.08 |
| Stuckert James W10% owner | Apr 12, 2011 | Buy | 50,000 | $0.08 |
| Stuckert James W10% owner | Apr 6, 2011 | Buy | 43,000 | $0.09 |
| Stuckert James W10% owner | Mar 25, 2011 | Buy | 2,850 | $0.08 |
| Stuckert James W10% owner | Jan 4, 2011 | Buy | 22,500 | $0.09 |
| Stuckert James W10% owner | Dec 7, 2010 | Buy | 15,001 | $0.09 |
| Stuckert James W10% owner | Jul 2, 2010 | Buy | 12,000 | $0.13 |
| Stuckert James W10% owner | Jun 30, 2010 | Buy | 3,744 | $0.14 |
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- Director / officer changeMay 15, 2014
- Other material eventApr 28, 2014
- Other material eventMar 27, 2014
- Director / officer changeFeb 20, 2014
- Entered a material agreement · Other material eventFeb 19, 2014
- Bankruptcy or receivership · Debt acceleration / triggering event · Other material eventSep 30, 2013
- Entered a material agreementJun 19, 2013
- Entered a material agreement · New financial obligationApr 26, 2013
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 ↗- REVOKEDJan 14, 2015
- 8-KVHGI HOLDINGS, INC.May 15, 2014
- DEF 14CVHGI HOLDINGSApr 28, 2014
- 8-KVHGI HOLDINGSApr 28, 2014
- 8-KVHGI HOLDINGS, INC.Mar 27, 2014
- PRE 14CFeb 28, 2014
- 8-KVHGI HOLDINGSFeb 20, 2014
- 8-KVHGI HOLDINGSFeb 19, 2014
- 8-K/AVHGI HOLDINGSJan 15, 2014
- UPLOADJan 6, 2014
- UPLOADDec 18, 2013
- UPLOADNov 1, 2013
- 8-KVHGI HOLDINGSSep 30, 2013
- 4OWNERSHIP DOCUMENTAug 9, 2013
- 10-KVHGI HOLDINGS, INC.Jun 26, 2013
Event-driven situations (1)
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