ALL THINGS MOBILE ANALYTIC, INC.

ATMHdata completeness 75%5 fiscal years on file

Data notes: no data for concept 'revenue'; no data for concept 'capex'; no data for concept 'epsDiluted'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

The thesis, from the filings

ALL THINGS MOBILE ANALYTIC, INC. earns about -28% on equity, but has diluted owners by 85% over 5 years — worth asking whether the growth reaches owners. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own

Figure	FY 2010	FY 2011	FY 2012	FY 2013	FY 2014
Revenue	—	—	—	—	—
Net income	−$8,897¹	−$10,303¹	−$398,508¹	−$1.76M¹	−$71,671¹
Operating cash flow	—	−$10,303²	−$89,944³	−$92,990⁴	−$32,897⁴
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	$10,891⁵
Cash & equivalents	$14,121⁶	$36,400⁷	$490⁸	$0⁷	$30,993⁸
Diluted shares	—	185.8M	187.8M	211.3M	343.6M

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

−$0.01

your share of equity

Profit it earned you last year

−$0

Free cash flow it threw off

—

Debt you’d be carrying

10 shares is a claim on −$0.01 of net worth that earned you −$0 last year, against $0 of debt.

iii. Is this a good business?

Moat signal · return on equity

-28% avg · 5y

FY10 —FY11 -28%FY12 —FY13 —FY14 —

It earned an average -28% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →

Management signal · capital allocation

+85% shares · 5y

Share count is up 85% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.

reading capital allocation →

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

10-K · period ending 2010-01-31 · accession 0001294606-14-000157 (NetIncomeLoss)
10-K · period ending 2011-01-31 · accession 0001294606-12-000175 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2012-01-31 · accession 0001294606-13-000171 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2013-01-31 · accession 0001294606-14-000157 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2014-01-31 · accession 0001294606-14-000157 (LongTermDebtNoncurrent)
10-K · period ending 2010-01-31 · accession 0001294606-12-000175 (CashAndCashEquivalentsAtCarryingValue)
10-K · period ending 2011-01-31 · accession 0001294606-13-000171 (CashAndCashEquivalentsAtCarryingValue)
10-K · period ending 2012-01-31 · accession 0001294606-14-000157 (CashAndCashEquivalentsAtCarryingValue)