CompanyGraph
What stands out
- Most companies in its industry are production businesses; this one is an interface business
At a glance
- Depends onMidstream position: 5 outgoing, 4 incoming connections
- ScaleLevered free cash flow is $91.23M, above the global median of $16.24M
- PositionGross margin is 7.8%, lower than 95% of its Communication Equipment peers (median 29.5%)
- Interpretations4 currently firing — 4
What this company is and how it runs — written from structure, not news.
What stands out
- Most companies in its industry are production businesses; this one is an interface business
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Sign inThe reported statements, read against the company's own industry.
Financials view
Market Capitalization
4.49BCNY667.04M · vs all stocks (USD)
Revenue (TTM)
1.08BCNY161.07M · vs all stocks (USD)
Profit Margin
-175.31%vs Communication Equipment peers
Beta
1.01xvs all stocks
52-Week Change
-47.17%vs all stocks
Market Capitalization
4.49BCNY667.04M · vs all stocks (USD)
Enterprise Value
11.74BCNY1.75B · vs all stocks (USD)
Price to Sales (TTM)
4.10xvs Communication Equipment peers
Price to Book (MRQ)
1.10xvs Communication Equipment peers
Enterprise to Revenue
10.84xvs Communication Equipment peers
Enterprise to EBITDA
-12.20xvs Communication Equipment peers
Gross Margin
7.81%vs Communication Equipment peers
Profit Margin
-175.31%vs Communication Equipment peers
Operating Margin
-34.28%vs Communication Equipment peers
Return on Assets (TTM)
-4.38%vs Communication Equipment peers
Return on Equity (TTM)
-36.33%vs Communication Equipment peers
Revenue (TTM)
1.08BCNY161.07M · vs all stocks (USD)
Revenue per Share (TTM)
0.9550CNYUpdated Aug 20, 2026Quarterly Revenue Growth
-29.70%vs Communication Equipment peers
Gross Profit (TTM)
-750.69MCNY-111.63M · vs all stocks (USD)
EBITDA (TTM)
-962.89MCNY-143.19M · vs all stocks (USD)
Net Income (TTM)
-1.90BCNY-282.37M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
-65.61%vs Communication Equipment peers
Operating Cash Flow (TTM)
156.02MCNY23.20M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
613.48MCNY91.23M · vs all stocks (USD)
5-Year Average Dividend Yield
2.02%vs all stocks
Payout Ratio
0.00%vs Communication Equipment peers
Minority Interest (Equity)
385.94MCNYFY2025 · Dec 31, 2025Revenue
1.17BCNYFY2025 · Dec 31, 2025Cost of Goods Sold
1.05BCNYFY2025 · Dec 31, 2025Gross Profit
118.26MCNYFY2025 · Dec 31, 2025Operating Income
-266.33MCNY-39.61M · vs all stocks (USD)
Pre-tax Income
-1.90BCNYFY2025 · Dec 31, 2025Income Tax Expense
-39.77MCNYFY2025 · Dec 31, 2025Net Income
-1.86BCNYFY2025 · Dec 31, 2025EBIT
-1.66BCNYFY2025 · Dec 31, 2025EBITDA (Income Statement)
-22.62MCNYFY2025 · Dec 31, 2025Research & Development
27.72MCNYFY2025 · Dec 31, 2025Selling, General & Administrative
73.99MCNYFY2025 · Dec 31, 2025Other Operating Expenses
106.76MCNYFY2025 · Dec 31, 2025Non-operating Interest Income
10.00MCNYFY2025 · Dec 31, 2025Non-operating Interest Expense
241.33MCNYFY2025 · Dec 31, 2025EPS (Basic)
-1.65CNYFY2025 · Dec 31, 2025EPS (Diluted)
-1.65CNYFY2025 · Dec 31, 2025Basic Shares Outstanding
1.12BSharesFY2025 · Dec 31, 2025Diluted Shares Outstanding
1.12BSharesFY2025 · Dec 31, 2025Net Income from Continuing Operations
-1.86BCNYFY2025 · Dec 31, 2025Minority Interests (P&L)
8.42MCNYFY2025 · Dec 31, 2025Preferred Stock Dividends
0.00CNYFY2025 · Dec 31, 2025Operating Cash Flow
-1.28BCNYFY2025 · Dec 31, 2025Free Cash Flow
-1.40BCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents (End of Period)
1.20BCNYFY2025 · Dec 31, 2025Starting Profit (CF Statement)
-1.86BCNYFY2025 · Dec 31, 2025Other Non-cash Items
375.64MCNYFY2025 · Dec 31, 2025Change in Accounts Receivable (CF)
172.78MCNYFY2025 · Dec 31, 2025Change in Other Assets/Liabilities
28.82MCNYFY2025 · Dec 31, 2025Capital Expenditures
-124.22MCNYFY2025 · Dec 31, 2025Sale of Investments
26.27MCNYFY2025 · Dec 31, 2025Net Investing Cash Flow
-97.96MCNYFY2025 · Dec 31, 2025Long-term Debt Issuance
2.39BCNYFY2025 · Dec 31, 2025Long-term Debt Payments
-2.23BCNYFY2025 · Dec 31, 2025Common Dividends Paid
-226.11MCNYFY2025 · Dec 31, 2025Other Financing Charges
-170.91MCNYFY2025 · Dec 31, 2025Net Financing Cash Flow
-242.20MCNYFY2025 · Dec 31, 2025Shares Outstanding
1.12BSharesUpdated Aug 20, 2026Float Shares
567.68MSharesUpdated Aug 20, 2026% Held by Insiders
50.30%vs all stocks
% Held by Institutions
2.28%vs all stocks
Total Cash (MRQ)
1.05BCNY156.40M · vs all stocks (USD)
Total Cash per Share (MRQ)
0.9400CNYUpdated Aug 20, 2026Total Debt (MRQ)
8.13BCNY1.21B · vs all stocks (USD)
Total Debt to Equity (MRQ)
1.84xvs Communication Equipment peers
Current Ratio (MRQ)
1.36xvs Communication Equipment peers
Book Value per Share (MRQ)
3.62CNYUpdated Aug 20, 2026Total Assets
15.43BCNY2.29B · vs all stocks (USD)
Total Current Assets
8.08BCNYFY2025 · Dec 31, 2025Total Liabilities
10.88BCNYFY2025 · Dec 31, 2025Total Non-current Assets
7.36BCNYFY2025 · Dec 31, 2025Total Non-current Liabilities
4.17BCNYFY2025 · Dec 31, 2025Total Current Liabilities
6.71BCNYFY2025 · Dec 31, 2025Cash
1.20BCNYFY2025 · Dec 31, 2025Cash Equivalents
75.05MCNYFY2025 · Dec 31, 2025Cash & Cash Equivalents
1.28BCNYFY2025 · Dec 31, 2025Accounts Receivable
632.73MCNYFY2025 · Dec 31, 2025Inventory
5.56BCNYFY2025 · Dec 31, 2025Accounts Payable
1.62BCNYFY2025 · Dec 31, 2025Short-term Debt
3.05BCNYFY2025 · Dec 31, 2025Other Current Liabilities
1.15BCNYFY2025 · Dec 31, 2025Long-term Debt
3.96BCNYFY2025 · Dec 31, 2025Other Non-current Liabilities
29.59MCNYFY2025 · Dec 31, 2025Common Stock (Book)
1.12BCNYFY2025 · Dec 31, 2025Retained Earnings
-224.18MCNYFY2025 · Dec 31, 2025Total Shareholders' Equity
4.56BCNY677.38M · vs all stocks (USD)
52-Week Low
3.53CNYUpdated Aug 20, 202652-Week High
8.73CNYUpdated Aug 20, 202652-Week Change
-47.17%vs all stocks
Beta
1.01xvs all stocks
50-Day MA
3.98CNYUpdated Aug 20, 2026200-Day MA
4.92CNYUpdated Aug 20, 2026Avg 10-Day Volume
12.03MSharesUpdated Aug 20, 2026Avg 30-Day Volume
12.57MSharesUpdated Aug 20, 2026Diluted EPS (TTM)
-1.69CNYUpdated Aug 20, 20264 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsIs this company financially stable?
Diagnostic
Elevated Inventory and Working Capital Buildup
The balance sheet has shrunk four years running, and inventory is much of what remains.
Reads
Where is this company structurally exposed?
Within or Near the Altman Distress Zone
Debt is a large share of its assets, and large against its cash flow.
Reads
Diagnostic
Declining With Price Stretched Below 1Y Mean
The price sits well below its yearly mean, with net income and assets falling four years.
Reads
Elevated Leverage on Three Denominators
Debt sits high against its equity, its assets, and its cash flow.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Peer Positioning
Gross margin is 7.8%, lower than 95% of its Communication Equipment peers (median 29.5%)Significant
Gross margin: 0.08Industry median: 0.30Industry P5: 0.08Peers compared: 105
Operating margin is -34.3%, lower than 95% of its Communication Equipment peers (median 2.6%)Significant
Operating margin: -0.34Industry median: 0.03Industry P5: -0.19Peers compared: 105
Profit margin is -175.3%, lower than 95% of its Communication Equipment peers (median 2%)Significant
Profit margin: -1.75Industry median: 0.02Industry P5: -0.32Peers compared: 105
Return on equity is -36.3%, lower than 95% of its Communication Equipment peers (median 1.3%)Significant
Return on equity: -0.36Industry median: 0.01Industry P5: -0.33Peers compared: 105
Debt-to-equity is 1.84×, higher than 95% of its Communication Equipment peers (median 0.15×)Significant
Debt-to-equity: 1.84Industry median: 0.15Industry P95: 1.18Peers compared: 105
Price-to-book is 1.1×, lower than 95% of its Communication Equipment peers (median 3.53×)Notable
Price-to-book: 1.10Industry median: 3.53Industry P5: 1.33Peers compared: 105
Structural Tensions
Most companies in its industry are production businesses; this one is an interface businessSignificant
Industry peers: 181Share on the common pattern %: 96.00
Financial Health
Altman Z-Score 0.05: distress zoneCritical
Altman Z-Score: 0.05
Supply Chain
Midstream position: 5 outgoing, 4 incoming connectionsNotable
Outgoing: 5.00Incoming: 4.00
Scale
Levered free cash flow is $91.23M, above the global median of $16.24MNotable
Levered free cash flow (USD): 91,230,620.317Global Median: 16,239,329.704
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Tier 1InterfaceThroughput-Bound ConversionProductionFlow
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Tier 1InterfaceThroughput-Bound ConversionRiskFlow
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Tier 1InterfaceThroughput-Bound ConversionFlowSenseMaking
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Tier 1InterfaceThroughput-Bound ConversionSenseMakingFlow
Transcom Inc.
Tier 1InterfaceThroughput-Bound ConversionFlowAttention
Companies that share active interpretations — structural patterns currently present in both stocks.
Nanjing Central Emporium Group Co., Ltd.
3 interpretationsElevated Leverage on Three DenominatorsWithin or Near the Altman Distress ZoneElevated Inventory and Working Capital Buildup
Changchun Eurasia Group Co., Ltd.
3 interpretationsElevated Leverage on Three DenominatorsWithin or Near the Altman Distress ZoneElevated Inventory and Working Capital Buildup
Tus Environmental Science & Technology Development Co. Ltd.
3 interpretationsElevated Leverage on Three DenominatorsDeclining With Price Stretched Below 1Y MeanWithin or Near the Altman Distress Zone