Investment Thesis
FBC Holding is in severe financial distress with negative stockholders equity of -$4.4M, indicating the company is technically insolvent. Operating losses of -$21.1M on minimal revenue of $33.5K demonstrate the business is not viable, with operating cash flow deeply negative at -$3.4M and virtually no liquid assets.
Strengths
- Gross margin of 45.7% suggests product-level economics are intact if revenue could be scaled
- Low capital expenditure requirements indicate non-capital-intensive operations
- Company still operating and filing with SEC
Risks
- Negative stockholders equity of -$4.4M indicates technical insolvency and existential financial distress
- Revenue generation is severely impaired at only $33.5K while operating expenses remain substantial
- Operating cash flow of -$3.4M with minimal cash reserves of $2.5K presents immediate liquidity crisis
- Total liabilities of $4.4M far exceed total assets of $7.7K, creating unsustainable debt burden
- No insider buying activity in last 90 days suggests management lacks confidence in recovery
- Financial data is stale as of April 2013, limiting ability to assess current operational status
Key Metrics to Watch
- Revenue stabilization and growth trajectory
- Path to operating cash flow breakeven
- Debt restructuring or equity recapitalization progress
- Current stockholders equity recovery toward positive territory
Financial Metrics
Revenue
33.5K
Net Income
-24.9M
EPS (Diluted)
$0.00
Free Cash Flow
-3.4M
Total Assets
7.7K
Cash
2.5K
Profitability Ratios
Gross Margin
45.7%
Operating Margin
-63,052.6%
Net Margin
-74,270.6%
ROE
N/A
ROA
-324,812.6%
FCF Margin
-10,117.9%
Balance Sheet & Liquidity
Current Ratio
0.00x
Quick Ratio
0.00x
Debt/Equity
N/A
Debt/Assets
57,864.8%
Interest Coverage
-29.55x
Long-term Debt
N/A
Disclaimer: This analysis is generated by AI based on publicly available SEC EDGAR filings.
It does not include stock price data and should not be considered financial advice.
All fundamental data is sourced from SEC public domain filings.
Always conduct your own research before making investment decisions.
Data Source: SEC EDGAR |
Analysis Date: 2026-03-24T18:14:11.078411 |
Data as of: 2013-04-30 |
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