Event-Driven Stocks

SUNLINK HEALTH SYSTEMS INC

SSY

Healthcare · Services-General Medical & Surgical Hospitals, NEC · OH · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 4 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY24FY23FY22FY21FY20FY19
Revenue$32.4M$34.3M$41.3M$40.7M$47.8M$45.6M
Operating income−$2.4M$74,000−$5.3M$1.9M−$329,000−$2.3M
Net income−$1.5M−$1.8M−$2.0M$6.9M−$1.1M−$1.8M
Total assets$20.6M$23.3M$27.9M$31.6M$28.0M$24.4M
Total liabilities——————
Equity$16.0M$17.4M$19.1M$20.8M$13.7M$15.0M
EPS (diluted)$-0.22$-0.26$-0.29$0.99$-0.16$-0.25
Shares out.7.0M7.0M7.0M6.9M6.9M7.0M

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

Key ratios

from filings · FY2024
Operating margin
−7.4%
Net margin
−4.7%
Return on equity
−9.6%
Return on assets
−7.4%
Return on capital (ROCE)
−14.7%
Liabilities / assets
—
Debt / equity
—
Book value / share
$2.27
Revenue growth (YoY)
−5.4%
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 · FY2024
Accruals / assets
7.0%moderate
Piotroski F-Score
3/8weak

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 Score
33
/ 100
Profitability 0Growth 0Catalyst 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● 4 warning● 0 good
  • 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
  • Negative operating cash flow

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.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
Jul 31, 202510,6011.0-87.0%
Jul 15, 202581,7161.3+46.2%
Jun 30, 202555,9031.0-58.4%
Jun 13, 2025134,3041.0+192.5%
May 30, 202545,9111.0+1517.7%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

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 (3)