HNO International, Inc.

HNOIdata completeness 88%4 fiscal years on file

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

i. The business — what you’d actually own

Figure	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$34,450¹	$13,000²	$4,241³	$65,561³
Net income	−$1.07M⁴	−$1.93M⁵	−$3.34M⁶	−$6.62M⁶
Operating cash flow	−$1.12M⁷	−$1.33M⁸	−$1.8M⁹	−$960,488⁹
Capital expenditure	$0¹⁰	$804,878¹¹	$381,934¹²	$227,943¹²
Free cash flow (derived)	−$1.12M⁷	−$2.14M⁸	−$2.18M⁹	−$1.19M⁹
Total debt	—	—	—	—
Cash & equivalents	$51,109¹³	$235,159¹⁴	$20,255¹⁵	$9,525¹⁵
Diluted shares	100.2M	352.4M	394.0M	152.1M

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

−$0.11

your share of equity

Profit it earned you last year

−$0.44

Free cash flow it threw off

−$0.08

Debt you’d be carrying

—

10 shares is a claim on −$0.11 of net worth that earned you −$0.44 and generated −$0.08 of cash 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

+52% shares · 4y

Share count is up 52% over 4 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

3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)

DCF · Growth Exit 5Y

not applicable

3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)

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