MeritValue

OCULUS INC.

OVTZdata completeness 63%16 fiscal years on file

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

The thesis, from the filings

OCULUS INC. earns about -245% on equity, with a roughly flat share count. 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
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue—————
Net income−$1.99M1−$1.65M2−$591,2123−$327,3604−$319,1394
Operating cash flow−$1.35M5−$1.48M6−$533,0217−$146,5428$6,8668
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$2.21M9$687,60210$156,57411$11,71812$9,40912
Diluted shares90.0M91.4M91.4M91.4M91.4M

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
−$0.08
your share of equity
Profit it earned you last year
−$0.03
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.08 of net worth that earned you −$0.03 last year.

iii. Is this a good business?
Moat signal · return on equity
-245% avg · 5y
FY21 -94%FY22 -397%FY23 —FY24 —FY25 —

It earned an average -245% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+2% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback.

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 · period ending 2021-12-31 · accession 0001437749-23-008107 (NetIncomeLoss)
  2. 10-K · period ending 2022-12-31 · accession 0001437749-24-008443 (NetIncomeLoss)
  3. 10-K · period ending 2023-12-31 · accession 0001437749-25-008527 (NetIncomeLoss)
  4. 10-K · period ending 2024-12-31 · accession 0001437749-26-009176 (NetIncomeLoss)
  5. 10-K · period ending 2021-12-31 · accession 0001437749-23-008107 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2022-12-31 · accession 0001437749-24-008443 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2023-12-31 · accession 0001437749-25-008527 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2024-12-31 · accession 0001437749-26-009176 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2021-12-31 · accession 0001437749-23-008107 (CashAndCashEquivalentsAtCarryingValue)
  10. 10-K · period ending 2022-12-31 · accession 0001437749-24-008443 (CashAndCashEquivalentsAtCarryingValue)
  11. 10-K · period ending 2023-12-31 · accession 0001437749-25-008527 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2024-12-31 · accession 0001437749-26-009176 (CashAndCashEquivalentsAtCarryingValue)