Event-Driven Stocks

Wave Sync Corp.

Materials · Industrial Organic Chemicals · DE · SEC filings ↗ · Compare ⊕

Signs● 3 good● 3 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY21FY20FY19FY18FY17FY16
Revenue$162,853——$85,573$230,805$30,691
Operating income−$1.7M−$39,451−$33,276−$1.7M−$1.2M−$1.2M
Net income−$1.5M−$39,451−$33,276−$5.6M−$4.9M−$1.2M
Total assets$25.3M$3$16$7,787$4.1M$2.0M
Total liabilities$4.1M$71,844$32,406$1.4M$964,653$2.8M
Equity$21.2M−$71,841−$32,390−$1.4M$3.1M−$827,723
EPS (diluted)$-0.08$-0.01—$-0.27$-0.24$-0.06
Shares out.59.3M4.2M21.0M21.0M19.9M19.9M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2021
Operating margin
−1028.9%
Net margin
−900.8%
Return on equity
−6.9%
Return on assets
−5.8%
Return on capital (ROCE)
−7.4%
Liabilities / assets
16.2%
Debt / equity
0.19×
Book value / share
$0.36
Revenue growth (YoY)
—
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 · FY2021
Altman Z″ (distress)
4.78safe
Accruals / assets
0.4%clean
Piotroski F-Score
3/7weak

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
42
/ 100
Profitability 0Growth n/aCatalyst 33Earnings quality 33Financial strength 100

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.

Signs

● 1 severe● 3 warning● 3 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • Negative operating cash flow
  • Conservative leverage (liabilities < 50% of assets)
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

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)