GEX MANAGEMENT, INC.

GXXMdata completeness 75%9 fiscal years on file
i. The business — what you’d actually own
FigureFY 2019FY 2020FY 2021FY 2022FY 2023
Revenue$385,8721$750,6822$1.34M3$2.34M3$2.1M4
Net income−$100,2005−$319,0286−$52.4M7$43.6M7$400,2878
Operating cash flow$13.1M9−$93,19210−$2.37M11−$237,94511−$52,87012
Capital expenditure
Free cash flow (derived)
Total debt
Cash & equivalents$4,26313$6,64114$253,98815$71,04315$18,17316
Diluted shares609,4073.2M94.3M1.17B2.62B

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
shares
Net assets behind them
−$0.02
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 −$0.02 of net worth that earned you $0 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.

seeing a moat in the numbers →
Management signal · capital allocation
+430385% shares · 5y

Share count is up 430385% over 5 years — owners have been diluted. Worth asking what they got for it.

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
  1. 10-K/A · period ending 2019-12-31 · accession 0001493152-21-009221 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K/A · period ending 2020-12-31 · accession 0001493152-22-033966 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K/A · period ending 2021-12-31 · accession 0001493152-24-015886 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2023-12-31 · accession 0001493152-24-015888 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K/A · period ending 2019-12-31 · accession 0001493152-21-009221 (NetIncomeLoss)
  6. 10-K · period ending 2020-12-31 · accession 0001493152-23-012527 (NetIncomeLoss)
  7. 10-K/A · period ending 2021-12-31 · accession 0001493152-24-015886 (NetIncomeLoss)
  8. 10-K · period ending 2023-12-31 · accession 0001493152-24-015888 (NetIncomeLoss)
  9. 10-K/A · period ending 2019-12-31 · accession 0001493152-21-009221 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2020-12-31 · accession 0001493152-22-033966 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K/A · period ending 2021-12-31 · accession 0001493152-24-015886 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2023-12-31 · accession 0001493152-24-015888 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K/A · period ending 2019-12-31 · accession 0001493152-21-009221 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K/A · period ending 2020-12-31 · accession 0001493152-22-033966 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K/A · period ending 2021-12-31 · accession 0001493152-24-015886 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2023-12-31 · accession 0001493152-24-015888 (CashAndCashEquivalentsAtCarryingValue)