CDT Equity Inc.

CDTdata completeness 63%4 fiscal years on file

Data notes: no data for concept 'revenue'; no data for concept 'totalDebt'

i. The business — what you’d actually own

Figure	FY 2022	FY 2023	FY 2024	FY 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	—
Total debt	—	—	—	—
Cash & equivalents	$345,777⁸	$4.23M⁹	$554,000¹⁰	$1.51M¹⁰
Diluted shares	37.4M	678,939	289	33,300

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

−$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.

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.

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 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 →

Sources — the receipts