Cell Source, Inc.

CLCSdata completeness 63%12 fiscal years on file

Data notes: no data for concept 'revenue'

i. The business — what you’d actually own

Figure	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenue	—	—	—	—	—
Net income	−$4.56M¹	−$5.47M²	−$5.17M³	−$5.32M⁴	−$4.51M⁴
Operating cash flow	−$2.77M⁵	−$3.38M⁶	−$3.14M⁷	−$2.35M⁸	−$2.68M⁸
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	$241,619⁹	$93,095¹⁰	$222,665¹⁰	$22,203¹¹	$74,631¹¹
Diluted shares	32.5M	33.1M	34.8M	37.8M	41.9M

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

−$4.43

your share of equity

Profit it earned you last year

−$1.08

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$4.43 of net worth that earned you −$1.08 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

+29% shares · 5y

Share count is up 29% 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