ALR Technologies SG Ltd.

ALRTFdata completeness 63%6 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$7,468¹	$2,367²	$25,536³	—	—
Net income	−$8.44M⁴	−$10.6M⁵	−$7.47M⁶	−$15.9M⁶	−$22.1M⁶
Operating cash flow	−$2.22M⁷	−$2.57M⁸	−$1.62M⁹	−$1.54M⁹	−$1.87M⁹
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	$115,922¹⁰	$148,628¹¹	$59,082¹¹	$40,657¹¹	$20,305¹¹
Diluted shares	542.7M	548.1M	581.0M	598.9M	607.0M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$0.66

your share of equity

Profit it earned you last year

−$0.36

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.66 of net worth that earned you −$0.36 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

+12% shares · 5y

Share count is up 12% over 5 years — owners have been diluted. Worth asking what they got for it.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts