Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96M | $3.35M | $1.67M | $1.58M | — | — | — | — | — | — |
| Revenue growth | — | 13.3% | -50.4% | -5.3% | — | — | — | — | — | — |
| Gross profit | $1.88M | $949K | $127K | $479K | — | — | — | — | — | — |
| Gross margin | 63.4% | 28.3% | 7.6% | 30.4% | — | — | — | — | — | — |
| Operating income | -$3.33M | -$6.61M | -$10.1M | -$3.47M | -$9.49M | -$28.8M | -$15.3M | -$17.1M | -$10.2M | -$9.85M |
| Operating margin | -112.4% | -197.1% | -604.0% | -220.2% | — | — | — | — | — | — |
| Net income | -$3.30M | -$7.37M | -$10.8M | -$3.89M | -$9.49M | -$29.9M | -$15.2M | -$4.00M | -$23.4M | -$11.6M |
| Net margin | -111.6% | -219.6% | -651.4% | -246.6% | — | — | — | — | — | — |
| EPS (diluted) | -$0.61 | -$6.29 | -$22.28 | -$6.35 | -$2.49 | — | -$11.74 | -$5.33 | -$1,080.87 | -$8.66 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$4.17M | -$5.08M | -$8.50M | -$3.07M | -$4.66M | -$19.5M | -$12.3M | -$13.0M | -$8.98M | -$9.07M |
| Capital expenditures | $207K | $41.7K | $68.2K | — | — | — | — | — | — | $1.75M |
| Free cash flow | -$4.38M | -$5.12M | -$8.57M | — | — | — | — | — | — | -$10.8M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $72.7K | $438K | $182K | $517K | $148K | $556K | $749K | $2.68M | $173K | $987K |
| Total assets | $5.09M | $9.34M | $7.81M | $10.9M | $677K | $24.8M | $17.5M | $17.9M | $21.4M | $41.2M |
| Total liabilities | $1.70M | $1.79M | $1.97M | $1.53M | $5.93M | $1.17M | $2.84M | $5.09M | $6.70M | $16.4M |
| Shareholders' equity | $3.39M | $7.55M | $5.83M | -$2.33M | -$5.26M | $23.6M | $14.7M | $12.4M | $9.79M | $21.8M |
| Retained earnings | -$97.5M | -$105M | -$116M | -$120M | -$48.7M | -$78.6M | -$93.8M | -$102M | -$129M | -$144M |
| Shares (wtd avg diluted) | 5.45M | 5.53M | 541K | 1.74M | 17.6M | 35.0M | 1.29M | 1.54M | 25.1B | 1.73M |
Every figure is extracted from Q/C TECHNOLOGIES, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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