Neolara Corp.

NELRdata completeness 75%4 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'

The thesis, from the filings

Neolara Corp. earns about -4167% on equity, but has diluted owners by 59% over 4 years — worth asking whether the growth reaches owners. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own

Figure	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$0¹	$7,800²	$21,300³	$29,150³
Net income	−$200⁴	−$20,588⁵	−$14,377⁶	−$23,688⁶
Operating cash flow	−$200⁷	−$9,918⁸	−$19,547⁹	−$40,524⁹
Capital expenditure	—	—	—	—
Free cash flow (derived)	—	—	—	—
Total debt	—	—	—	—
Cash & equivalents	$0¹⁰	$12,200¹⁰	$29,345¹¹	$1,034¹¹
Diluted shares	2.0M	2.0M	2.9M	3.2M

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

−$0.07

your share of equity

Profit it earned you last year

−$0.07

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.07 of net worth that earned you −$0.07 last year.

iii. Is this a good business?

Moat signal · return on equity

-4167% avg · 4y

FY22 —FY23 —FY24 -4167%FY25 —

It earned an average -4167% on equity over 4 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →

Management signal · capital allocation

+59% shares · 4y

Share count is up 59% over 4 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

10-K · period ending 2022-06-30 · accession 0001683168-23-006160 (Revenues)
10-K · period ending 2023-06-30 · accession 0001683168-24-006701 (Revenues)
10-K · period ending 2024-06-30 · accession 0001683168-25-007116 (RevenueFromContractWithCustomerExcludingAssessedTax)
10-K · period ending 2022-06-30 · accession 0001683168-23-006160 (NetIncomeLoss)
10-K · period ending 2023-06-30 · accession 0001683168-24-006701 (NetIncomeLoss)
10-K · period ending 2024-06-30 · accession 0001683168-25-007116 (NetIncomeLoss)
10-K · period ending 2022-06-30 · accession 0001683168-23-006160 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2023-06-30 · accession 0001683168-24-006701 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2024-06-30 · accession 0001683168-25-007116 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2022-06-30 · accession 0001683168-23-006160 (CashAndCashEquivalentsAtCarryingValue)
10-K · period ending 2024-06-30 · accession 0001683168-25-007116 (CashAndCashEquivalentsAtCarryingValue)