MeritValue

Resonate Blends, Inc.

KOANdata completeness 88%13 fiscal years on file

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

i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue—$27,0311$49,5012$16,4683$1.9M3
Net income−$1.94M4−$4.87M5$653,6276−$1.42M7−$2.13M7
Operating cash flow−$1.38M8−$2.78M9−$1.43M10$11,16611−$1.03M11
Capital expenditure$1,00012$36,04813$1,00014$1,00015$1,00016
Free cash flow (derived)−$1.38M8−$2.82M9−$1.43M10$10,16611−$1.03M11
Total debt—————
Cash & equivalents$114,32517$12,91318$64,41919$6,93820$8,04820
Diluted shares25.5M31.1M75.4M80.0M98.1M

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
shares
Net assets behind them
−$0.33
your share of equity
Profit it earned you last year
−$0.22
Free cash flow it threw off
−$0.11
Debt you’d be carrying
—

10 shares is a claim on −$0.33 of net worth that earned you −$0.22 and generated −$0.11 of cash 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
+285% shares · 5y

Share count is up 285% 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
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
  1. 10-K · period ending 2021-12-31 · accession 0001493152-23-012539 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001493152-24-014876 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K/A · period ending 2023-12-31 · accession 0001641172-25-017976 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K/A · period ending 2020-12-31 · accession 0001493152-22-010465 (NetIncomeLoss)
  5. 10-K · period ending 2021-12-31 · accession 0001493152-23-012539 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001493152-24-014876 (NetIncomeLoss)
  7. 10-K/A · period ending 2023-12-31 · accession 0001641172-25-017976 (NetIncomeLoss)
  8. 10-K/A · period ending 2020-12-31 · accession 0001493152-22-010465 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2021-12-31 · accession 0001493152-23-012539 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001493152-24-014876 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K/A · period ending 2023-12-31 · accession 0001641172-25-017976 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2020-12-31 · accession 0001493152-21-008844 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-12-31 · accession 0001493152-23-012539 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001493152-23-012539 (PaymentsToAcquireProductiveAssets)
  15. 10-K · period ending 2023-12-31 · accession 0001493152-24-014876 (PaymentsToAcquireProductiveAssets)
  16. 10-K/A · period ending 2024-12-31 · accession 0001641172-25-017976 (PaymentsToAcquireProductiveAssets)
  17. 10-K/A · period ending 2020-12-31 · accession 0001493152-22-010465 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2021-12-31 · accession 0001493152-23-012539 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2022-12-31 · accession 0001493152-24-014876 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K/A · period ending 2023-12-31 · accession 0001641172-25-017976 (CashAndCashEquivalentsAtCarryingValue)