Frequency Holdings, Inc

FRQNDdata completeness 88%8 fiscal years on file

Data notes: no data for concept 'pretaxIncome'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2023	FY 2024
Revenue	$3,450¹	$0¹	$20²	$3.78M³	$4.81M³
Net income	−$602,452⁴	−$481,352⁵	−$424,031⁵	−$22.9M⁶	$4.4M⁶
Operating cash flow	−$416,801⁷	−$268,238⁸	−$120,832⁸	−$762,097⁹	−$927,998⁹
Capital expenditure	—	—	—	$15,760¹⁰	—
Free cash flow (derived)	—	—	—	−$777,857⁹	—
Total debt	—	—	—	—	$2.7M¹¹
Cash & equivalents	$350,905¹²	$0¹³	$0¹³	$360,673¹⁴	$275,292¹⁴
Diluted shares	7.9M	12.8M	161.2M	332.5M	375.5M

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

−$0.42

your share of equity

Profit it earned you last year

$0.12

Free cash flow it threw off

—

Debt you’d be carrying

$0.07

10 shares is a claim on −$0.42 of net worth that earned you $0.12 last year, against $0.07 of debt.

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

+4643% shares · 5y

Share count is up 4643% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.

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

book value / share count missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts