MeritValue

Electronic Servitor Publication Network, Inc.

XESPdata completeness 75%8 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue—$01$60,0002$105,0003$03
Net income−$2.58M4−$447,4505−$830,6026−$634,5167−$593,8337
Operating cash flow−$100,5138−$63,3349−$148,29010$33,87611$64,41011
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$012$012$28,43113$54,55713$118,96713
Diluted shares17.7M21.4M21.6M52.2M53.3M

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
shares
Net assets behind them
−$0.52
your share of equity
Profit it earned you last year
−$0.11
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.52 of net worth that earned you −$0.11 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
+201% shares · 5y

Share count is up 201% 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 v0.5.0
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 2022-12-31 · accession 0001683168-24-002022 (Revenues)
  2. 10-K · period ending 2023-12-31 · accession 0001683168-26-004740 (Revenues)
  3. 10-K · period ending 2024-12-31 · accession 0001683168-26-005287 (Revenues)
  4. 10-K · period ending 2021-12-31 · accession 0001214659-23-004363 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001683168-24-002022 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001683168-26-004740 (NetIncomeLoss)
  7. 10-K · period ending 2024-12-31 · accession 0001683168-26-005287 (NetIncomeLoss)
  8. 10-K · period ending 2021-12-31 · accession 0001214659-23-004363 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001683168-24-002022 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001683168-26-004740 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-12-31 · accession 0001683168-26-005287 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2021-12-31 · accession 0001214659-23-004363 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2023-12-31 · accession 0001683168-26-005287 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)