PUBLIC CO MANAGEMENT CORP

PCMCdata completeness 63%5 fiscal years on file

Data notes: no data for concept 'revenue'; no data for concept 'capex'; no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	—	—	—	—
Net income	−$21,740¹	−$36,713²	−$35,808³	−$81,517⁴	−$103,817⁴
Operating cash flow	−$9,312⁵	−$2,240⁶	−$20,682⁷	−$58,731⁸	−$165,630⁸
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	$75,000⁹	$175,000⁹	—
Cash & equivalents	$6,688¹⁰	$4,448¹¹	$58,766¹²	$100,035¹²	$234,405¹²
Diluted shares	34.3M	34.3M	34.3M	34.3M	34.3M

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

−$0.06

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 −$0.06 of net worth that earned you −$0.03 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.

Management signal · capital allocation

−0% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback. Total debt has risen 133% over the same window.

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