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CDT Equity Inc.

CDTdata completeness 63%4 fiscal years on file
i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025
Revenue————
Net income−$4.89M1−$535,0002−$17.8M3−$39.2M3
Operating cash flow−$2.27M4−$7.73M5−$9.68M6−$15.6M6
Capital expenditure——$51,0007—
Free cash flow (derived)——−$9.73M6,7—
Total debt————
Cash & equivalents$345,7778$4.23M9$554,00010$1.51M10
Diluted shares37.4M678,93928933,300

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$2,153.15
your share of equity
Profit it earned you last year
−$11,778.98
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$2,153.15 of net worth that earned you −$11,778.98 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 4y

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

seeing a moat in the numbers →
Management signal · capital allocation
−100% shares · 4y

Share count is down 100% over 4 years — management has been buying back stock, quietly handing owners a bigger slice.

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 v0.6.0
DCF · Growth Exit 10Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 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 →

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Sources — the receipts
  1. 10-K filed 2024-04-16 · period ending 2022-12-31 · accession 0001493152-24-014889 (NetIncomeLoss)
  2. 10-K filed 2025-03-28 · period ending 2023-12-31 · accession 0001641172-25-001246 (NetIncomeLoss)
  3. 10-K filed 2026-04-15 · periods ending 2024-12-31, 2025-12-31 · accession 0001493152-26-016858 (NetIncomeLoss)
  4. 10-K filed 2024-04-16 · period ending 2022-12-31 · accession 0001493152-24-014889 (NetCashProvidedByUsedInOperatingActivities)
  5. 10-K filed 2025-03-28 · period ending 2023-12-31 · accession 0001641172-25-001246 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K filed 2026-04-15 · periods ending 2024-12-31, 2025-12-31 · accession 0001493152-26-016858 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K filed 2025-03-28 · period ending 2024-12-31 · accession 0001641172-25-001246 (PaymentsToAcquirePropertyPlantAndEquipment)
  8. 10-K filed 2023-03-28 · period ending 2022-12-31 · accession 0001493152-23-009306 (CashAndCashEquivalentsAtCarryingValue)
  9. 10-K filed 2025-03-28 · period ending 2023-12-31 · accession 0001641172-25-001246 (CashAndCashEquivalentsAtCarryingValue)
  10. 10-K filed 2026-04-15 · periods ending 2024-12-31, 2025-12-31 · accession 0001493152-26-016858 (CashAndCashEquivalentsAtCarryingValue)