MeritValue

Pacific Sports Exchange Inc.

PSPXdata completeness 75%7 fiscal years on file

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

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$20,4211$45,1692$18,7943$5,4004$4,6004
Net income−$54,1665−$13,3996−$26,0337$9,9288−$36,7458
Operating cash flow−$16,1839−$16,30810−$9,44811−$1,15612−$51912
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$10,50713$7,89914$2,15115$99516$1,47616
Diluted shares14.4M14.4M14.4M14.4M14.4M

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
−$0.03
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 −$0.03 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.

seeing a moat in the numbers →
Management signal · capital allocation
−0% 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 2021-08-31 · accession 0001640334-21-003161 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K · period ending 2022-08-31 · accession 0001640334-23-002246 (Revenues)
  3. 10-K · period ending 2023-08-31 · accession 0001640334-24-001801 (Revenues)
  4. 10-K · period ending 2024-08-31 · accession 0001640334-25-002346 (Revenues)
  5. 10-K · period ending 2021-08-31 · accession 0001640334-22-002527 (NetIncomeLoss)
  6. 10-K · period ending 2022-08-31 · accession 0001640334-23-002246 (NetIncomeLoss)
  7. 10-K · period ending 2023-08-31 · accession 0001640334-24-001801 (NetIncomeLoss)
  8. 10-K · period ending 2024-08-31 · accession 0001640334-25-002346 (NetIncomeLoss)
  9. 10-K · period ending 2021-08-31 · accession 0001640334-22-002527 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-08-31 · accession 0001640334-23-002246 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-08-31 · accession 0001640334-24-001801 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-08-31 · accession 0001640334-25-002346 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-08-31 · accession 0001640334-22-002527 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2022-08-31 · accession 0001640334-23-002246 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2023-08-31 · accession 0001640334-24-001801 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2024-08-31 · accession 0001640334-25-002346 (CashAndCashEquivalentsAtCarryingValue)