MeritValue

Securetech Innovations, Inc.

SCTHdata completeness 75%9 fiscal years on file

Data notes: no data for concept 'operatingCashFlow'; no data for concept 'totalDebt'; no data for concept 'pretaxIncome'

The thesis, from the filings

Securetech Innovations, Inc. earns about -141% on equity, but has diluted owners by 43% over 5 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
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$31,7131$46,8032$48,0243$14,2354$6.79M4
Net income−$108,7135−$480,9276−$368,4707−$409,4408$203,2988
Operating cash flow—————
Capital expenditure————$228,9079
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$214,02610$138,31811$5,98712—$233,82513
Diluted shares156.0M111.9M93.9M78.1M223.0M

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
$0.53
your share of equity
Profit it earned you last year
$0.01
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $0.53 of net worth that earned you $0.01 last year.

iii. Is this a good business?
Moat signal · return on equity
-141% avg · 5y
FY21 -43%FY22 -274%FY23 -248%FY24 —FY25 2%

It earned an average -141% 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
+43% shares · 5y

Share count is up 43% over 5 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
  1. 10-K · period ending 2021-12-31 · accession 0001017386-23-000145 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001017386-24-000116 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001017386-25-000028 (Revenues)
  4. 10-K · period ending 2024-12-31 · accession 0001017386-26-000016 (RevenueFromContractWithCustomerIncludingAssessedTax)
  5. 10-K · period ending 2021-12-31 · accession 0001017386-23-000145 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001017386-24-000116 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001017386-25-000028 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001017386-26-000016 (NetIncomeLoss)
  9. 10-K · period ending 2025-12-31 · accession 0001017386-26-000016 (PaymentsToAcquireProductiveAssets)
  10. 10-K · period ending 2021-12-31 · accession 0001017386-23-000145 (CashAndCashEquivalentsAtCarryingValue)
  11. 10-K · period ending 2022-12-31 · accession 0001017386-24-000116 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2023-12-31 · accession 0001017386-25-000028 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2025-12-31 · accession 0001017386-26-000016 (CashAndCashEquivalentsAtCarryingValue)