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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
1/6 of the 9 checks — 3 couldn't be scored (see above), so the score is out of the 6 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $46M buybacks = $46M returned on -$270M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 9 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Insufficient data. Current ROIC on all capital: -188%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 9 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~2.9% on $12986 of debt. Interest last disclosed in FY2024 (no longer broken out).
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.5M 100.0% | — | — | — | — | — | — | — | — |
| Research & Development | — | $1.4M | $2.3M | $2.2M | $1.0M | $2.2M | $2.0M | — | — |
| Selling, General & Admin | $240.0M 3665.8% | $4.4M | $10.6M | $15.5M | $11.2M | $3.2M | $5.6M | $599K | $344K |
| Total Operating Expenses | $240.0M 3665.8% | $4.4M | $13.5M | $17.9M | $15.6M | $5.6M | $20.9M | — | — |
| Operating Income | -$233.4M -3565.8% | -$4.4M | -$13.5M | -$17.9M | -$15.6M | -$5.6M | -$20.9M | -$599K | -$344K |
| Interest Expense | — | $373 | $45K | $28K | $25K | $185K | $162K | — | — |
| Interest & Investment Income | $4.5M 69.4% | — | — | — | — | — | $4K | $2.1M | $663K |
| Other Income (Expense), net | -$210.1M -3208.8% | $1.8M | -$8.8M | -$21.8M | -$4.7M | -$5.3M | -$4.5M | — | $663K |
| Pretax Income | -$443.5M -6774.6% | -$2.6M | -$22.3M | -$39.7M | -$20.3M | -$10.9M | -$25.4M | $1.5M | $319K |
| Income Tax Expense | — | $2K | -$2.3M | -$943K | -$23K | -$20K | -$9K | $413K | $195K |
| Net Income | -$450.5M -6881.3% | -$6.2M | -$19.9M | -$38.7M | -$20.3M | -$10.9M | -$25.4M | $1.0M | $124K |
| Per Share | |||||||||
| EPS (Basic) | $-54.32 | $-28.56 | $-52.59 | $-387.18 | $-12.96 | — | $-0.02 | $0.25 | $0.04 |
| EPS (Diluted) | $-54.32 | $-28.56 | $-52.59 | $-387.18 | $-12.96 | — | $-0.02 | $0.07 | $0.01 |
| Weighted Avg Shares (Basic) | 8.2M | 92K | 379K | 100K | 1.6M | — | 4.2M | 4.2M | 3.5M |
| Weighted Avg Shares (Diluted) | 8.2M | 92K | 379K | — | — | — | 4.2M | 14.9M | 9.4M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-09-17
No standout strengths flagged.
Nothing notable to watch.
Where each multiple sits in its own 9-yr range · 0th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 9-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| SG&A | — | — | — | — | — | — | — | 3665.8 |
| Operating Income | — | — | — | — | — | — | — | -3565.8 |
| Net Income | — | — | — | — | — | — | — | -6881.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FRMM: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.