ADVANCED PHOTONIX INC
Technology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY14 | FY13 | FY12 | FY11 | |
|---|---|---|---|---|
| Revenue | $29.0M | $23.6M | $6.2M | $8.1M |
| Operating income | −$3.4M | −$4.4M | −$2.7M | −$825,000 |
| Net income | −$4.3M | −$4.4M | −$993,000 | $18,000 |
| Total assets | $20.2M | $22.2M | $24.4M | $29.3M |
| Total liabilities | $9.9M | $7.8M | $5.7M | $9.0M |
| Equity | $10.3M | $14.4M | $18.7M | $20.2M |
| EPS (diluted) | — | — | — | — |
| Shares out. | 37.4M | 31.2M | 31.2M | 30.7M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2014- Operating margin
- −11.8%
- Net margin
- −14.7%
- Return on equity
- −41.4%
- Return on assets
- −21.1%
- Return on capital (ROCE)
- −29.8%
- Liabilities / assets
- 49.0%
- Debt / equity
- 0.96×
- Book value / share
- $0.28
- Revenue growth (YoY)
- 22.8%
- 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 · FY2014- Altman Z″ (distress)
- -7.31distress
- Accruals / assets
- −16.9%clean
- Beneish M-Score
- -3.34normal
- Piotroski F-Score
- 3/9weak
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
● 2 severe● 3 warning● 3 good- 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
- Negative operating cash flow
- 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.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Aug 10, 2005
- NT 10-Qmissed a reporting deadline ↗Feb 10, 2005
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 |
|---|---|---|---|---|
| Pastor DonaldDirector | May 8, 2015 | D | 166,283 | — |
| Brewer LanceDirector | May 8, 2015 | D | 119,683 | — |
| Risser RobinOfficer — Chief Operating Officer | May 8, 2015 | D | 980,599 | — |
| Soltwedel Stephen PDirector | May 8, 2015 | D | 229,016 | — |
| Farese M ScottDirector | May 8, 2015 | D | 189,360 | — |
| Williamson StevenOfficer — Chief Technology Officer | May 8, 2015 | D | 64,000 | — |
| Kurtz Richard DOfficer — CEO and President | May 8, 2015 | D | 246,018 | — |
| Kurtz Richard DOfficer — Chief Executive Officer | Sep 16, 2014 | Buy | 9,500 | $0.54 |
| Farese M ScottDirector | Aug 28, 2014 | Buy | 10,000 | $0.50 |
| Williamson StevenOfficer — Chief Technology Officer | Aug 13, 2014 | Gift | 1.9M | $0.00 |
| Pastor DonaldDirector | Aug 18, 2014 | Buy | 8,500 | $0.50 |
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- Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Shareholder voteMay 11, 2015
- Director / officer changeMar 24, 2015
- Other material eventMar 5, 2015
- Other material eventFeb 10, 2015
- Results of operations · Regulation FD disclosureFeb 9, 2015
- Entered a material agreement · Amended charter or bylaws · Regulation FD disclosureFeb 2, 2015
- Entered a material agreementDec 10, 2014
- Results of operations · Regulation FD disclosureNov 10, 2014
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 15-12BJun 3, 2015
- EFFECTJun 1, 2015
- 4/AFORM 4/AMay 13, 2015
- 4/AFORM 4/AMay 13, 2015
- 4/AFORM 4/AMay 13, 2015
- 4/AFORM 4/AMay 13, 2015
- 4/AFORM 4/AMay 13, 2015
- 4/AFORM 4/AMay 13, 2015
- 4/AFORM 4/AMay 13, 2015
- POS AMFORM POS AMMay 13, 2015
- 8-KFORM 8-KMay 11, 2015
- 25-NSEMay 11, 2015
- S-8 POSFORM S-8 POSMay 8, 2015
- S-8 POSFORM S-8 POSMay 8, 2015
- S-8 POSFORM S-8 POSMay 8, 2015