Quadrant 4 System Corp
Technology · Communications Equipment, NEC · IL · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|---|
| Revenue | $52.0M | $48.5M | $37.3M | $26.6M | $29.1M | $15.2M |
| Operating income | — | — | — | — | — | — |
| Net income | −$515,916 | −$1.1M | −$8.2M | −$5.7M | −$148,656 | −$2.3M |
| Total assets | $37.2M | $32.5M | $25.6M | $17.9M | $24.4M | $11.4M |
| Total liabilities | $20.9M | $17.6M | $15.9M | $15.5M | $16.8M | $9.3M |
| Equity | $16.3M | $14.8M | $9.7M | $2.5M | $7.7M | $7.7M |
| EPS (diluted) | — | — | — | — | — | — |
| Shares out. | 102.7M | 92.5M | 60.0M | 51.7M | 51.7M | 42.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2015- Operating margin
- —
- Net margin
- −1.0%
- Return on equity
- −3.2%
- Return on assets
- −1.4%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 56.2%
- Debt / equity
- 1.28×
- Book value / share
- $0.16
- Revenue growth (YoY)
- 7.3%
- 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 · FY2015- Accruals / assets
- 2.6%clean
- Beneish M-Score
- -2.45normal
- Piotroski F-Score
- 1/8weak
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
● 1 severe● 2 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Negative operating cash flow
- Revenue is growing year-over-year
- 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 ↗Apr 2, 2018
- NT 10-Kmissed a reporting deadline ↗Apr 3, 2017
- NT 10-Kmissed a reporting deadline ↗Apr 1, 2015
- NT 10-Qmissed a reporting deadline ↗May 15, 2012
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2012
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2011
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 |
|---|---|---|---|---|
| Desai DhruOfficer — Chairman of the Board and CFO | May 20, 2010 | Buy | 1.0M | — |
| Sawyer Thomas EDirector | Oct 21, 2010 | J | 150,000 | $0.00 |
| Gurr Eric FDirector | Apr 28, 2015 | J | 50,000 | $0.00 |
| Thondavadi NanduOfficer — Director and CEO | Jun 7, 2010 | Buy | 4.5M | — |
| Thondavadi NanduOfficer — CEO | Jun 7, 2010 | Buy | 3.1M | — |
| Stonegate Holdings, Inc.10% owner | May 1, 2010 | Buy | 6.0M | — |
| Apple Melissa10% owner | May 17, 2010 | J | 500,000 | $0.00 |
| Horvath Holdings, Llc10% owner | Nov 30, 2007 | J | 400.0M | — |
| Horvath Holdings, Llc10% owner | May 16, 2006 | Grant | 200.0M | $0.00 |
| Apple Melissa10% owner | Jul 17, 2006 | J | 215.0M | $0.00 |
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- Bankruptcy or receivership · Completed an acquisition or dispositionSep 12, 2018
- Bankruptcy or receivership · Completed an acquisition or dispositionJul 3, 2018
- Entered a material agreement · Bankruptcy or receivership · Completed an acquisition or disposition · Director / officer changeApr 2, 2018
- Entered a material agreement · Bankruptcy or receivership · Completed an acquisition or disposition · Director / officer changeApr 2, 2018
- Entered a material agreement · Completed an acquisition or dispositionAug 24, 2017
- Regulation FD disclosureJul 13, 2017
- Bankruptcy or receivership · Other material eventJul 5, 2017
- Director / officer changeMay 19, 2017
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 ↗- 8-KFORM 8-KSep 12, 2018
- 8-KJul 3, 2018
- NT 10-KApr 2, 2018
- 8-KApr 2, 2018
- 8-KApr 2, 2018
- SC 13GQUADRANT 4Feb 13, 2018
- 8-KAug 24, 2017
- 8-KJul 13, 2017
- 8-KJul 5, 2017
- 8-KMay 19, 2017
- NT 10-KApr 3, 2017
- 8-KMar 22, 2017
- SC 13GQUADRANT 4 SYSTEMSFeb 13, 2017
- 8-KJan 5, 2017
- 8-KDec 15, 2016
Event-driven situations (3)
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