MeritValue

Two Hands Corp

TWOHdata completeness 75%16 fiscal years on file

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

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$930,0961$731,3022$783,4893$709,5264$04
Net income−$16.3M5−$21.7M6−$8.16M7−$2.43M8−$484,8548
Operating cash flow−$557,8739−$840,74510−$451,93211−$250,50312−$807,88712
Capital expenditure$5,42513$10,74914———
Free cash flow (derived)−$563,2989−$851,49410———
Total debt—————
Cash & equivalents$533,29515$17,13716$24,35117$1,73318$227,58518
Diluted shares6.0M87,62510.4M1.15B5.78B

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
your share of equity
Profit it earned you last year
−$0
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0 of net worth that earned you −$0 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
+96231% shares · 5y

Share count is up 96231% 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
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
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 0001262463-23-000022 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001262463-24-000041 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001262463-25-000100 (Revenues)
  4. 10-K · period ending 2024-12-31 · accession 0001494413-26-000011 (Revenues)
  5. 10-K · period ending 2021-12-31 · accession 0001262463-23-000022 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001262463-24-000041 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001262463-25-000100 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001494413-26-000011 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001262463-23-000022 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001262463-24-000041 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001262463-25-000100 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001494413-26-000011 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001262463-23-000022 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001262463-24-000041 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2021-12-31 · accession 0001262463-23-000022 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2022-12-31 · accession 0001262463-24-000041 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2023-12-31 · accession 0001262463-25-000100 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2024-12-31 · accession 0001494413-26-000011 (CashAndCashEquivalentsAtCarryingValue)