RetinalGenix Technologies Inc.
RTGNdata completeness 50%6 fiscal years on fileData notes: no data for concept 'revenue'; no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'
i. The business — what you’d actually own
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Net income | −$2.18M1 | −$3.91M2 | −$2.09M3 | −$4.32M4 | −$2.43M4 |
| Operating cash flow | −$1.17M5 | −$199,2876 | −$451,6617 | −$741,9368 | −$558,3508 |
| Capital expenditure | — | — | — | — | — |
| Free cash flow (derived) | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $4,9479 | $3810 | — | — | — |
| Diluted shares | 41.2M | 15.6M | 17.4M | 17.9M | 18.6M |
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
−$1.24
your share of equity
Profit it earned you last year
−$1.31
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares is a claim on −$1.24 of net worth that earned you −$1.31 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
−55% shares · 5y
Share count is down 55% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.
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/A · period ending 2021-12-31 · accession 0001493152-23-021374 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-012185 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-001788 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016638 (NetIncomeLoss)
- 10-K/A · period ending 2021-12-31 · accession 0001493152-23-021374 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-012185 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-001788 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-016638 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2021-12-31 · accession 0001493152-23-021374 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-012185 (CashAndCashEquivalentsAtCarryingValue)