Piotroski F-score
Failed
SPCB reported revenue of $27.9M and net income of $3.75M in FY2025.
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2025 | $27.9M | $3.75M |
| 2024 | $27.64M | $661K |
| 2023 | $26.57M | −$4.02M |
14 more years are on Measure
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Also filed under Security & Protection Services, ranked by how closely they sit beside SPCB.
The assistant answers from what SPCB has actually filed: 17 annual reports filed with the SEC. Every figure in a reply links to the filing it came from, so an answer can be checked rather than believed.
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Cash flow breakdown
What the business generated, and where it went
Operating cash flow
−$5.49M 2025
Cash generated by the business itself
Free cash flow
−$6.37M 2025
Operating cash flow minus capital expenditure
Capital expenditure
$880K 2025
Spending on property, plant and equipment
SPCB generated −$5.49M of operating cash flow. Each figure below is what it did with that, as reported on the same statement.
Reinvested in the business
A non-cash cost, added back above
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | −$5.49M | −$1.29M | −$2.37M | −$4.65M | −$9.7M | −$6.51M | −$7.66M | −$6.42M | −$1.98M | −$11.05M | −$3.67M | $6.27M | −$567K | $24K | −$189K | −$1.21M | −$1.66M |
Financial statements
Every figure below is this company’s, as filed. Measure draws them: 17 years and 0 quarters plotted to scale, on the income statement, balance sheet and cash flow, plus the ratio and estimate sections this page does not carry.
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Gross profit
Plotted to scale onMeasure
Revenue
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.9M | $27.64M | $26.57M | $17.65M | $12.27M | $11.77M | $16.48M | $21.88M | $33.26M | $20.03M | $28.34M | $29.7M | $8.82M | $8.94M | $7.92M | $7.39M | $9.3M |
Total assets
Plotted to scale onMeasure
Total liabilities
Plotted to scale onMeasure
Cash
Plotted to scale onMeasure
Current assets
Plotted to scale onMeasure
Current liabilities
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $68.38M | $45.92M | $44.75M | $42.04M | $42.12M | $40.34M | $40M | $44.35M | $54.2M | $53.47M | $65.94M | $42.87M | $31.28M | $3.74M | $2.46M | $2.01M | - |
Derived from SEC XBRL filings. Not investment advice.
See every filed year for SPCB, quarter by quarter.
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See all 17 filed years plotted, not just read
Every annual statement SPCB has filed is on this page as figures. Drawn to scale, a trend over the whole record is something you can see rather than something you have to add up.
The charts, to scaleMeasure
Catch a turn before the year confirms it
Revenue, margins and cash flow quarter by quarter, where a change in direction shows up first.
Quarterly statementsMeasure
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Why a margin moved, where the cash went: answered from SPCB's own statements, not a guess.
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| Capital expenditure | $880K | $1.6M | $1.71M | $524K | $949K | $812K | $414K | $283K | $301K | $400K | $541K | $544K | $103K | $28K | $23K | $4K | $100K |
|---|
| Free cash flow | −$6.37M | −$2.89M | −$4.08M | −$5.18M | −$10.65M | −$7.33M | −$8.07M | −$6.7M | −$2.28M | −$11.45M | −$4.22M | $5.73M | −$670K | −$4K | −$212K | −$1.22M | −$1.76M |
|---|
| Stock-based compensation | $854K | $402K | $243K | $138K | $31K | $211K | $144K | $256K | $631K | $924K | $1.53M | $173K | $32K | $7K | $10K | $18K | $522K |
|---|
| Buybacks | - | - | - | - | - | - | - | $0 | $0 | $2.66M | $3.74M | $0 | - | - | - | - | - |
|---|
| Cost of revenue |
|---|
| $12.5M |
| $14.25M |
| $16.35M |
| $11.26M |
| $6.06M |
| $6.19M |
| $10.13M |
| $13.74M |
| $20.35M |
| $17.46M |
| $10.45M |
| $7.3M |
| $1.9M |
| $1.62M |
| $3.31M |
| $2.06M |
| $3.37M |
| Gross profit | $15.39M | $13.38M | $10.22M | $6.39M | $6.2M | $5.58M | $6.35M | $8.14M | $12.91M | $2.56M | $17.89M | $22.4M | $6.93M | $7.32M | $4.62M | $5.33M | $5.94M |
|---|
| Research and development | $3.93M | $3.42M | $3.11M | $3.41M | $2.76M | $2.39M | $3.97M | $4.79M | $7.24M | $6.72M | $3.67M | $3.36M | $564K | $313K | $462K | $386K | $898K |
|---|
| Selling, general and administrative | $6.49M | $6.34M | $5.46M | $5.19M | $4.15M | $4.07M | $5.39M | $5.75M | $6.11M | $7.28M | $3.95M | $2.77M | $1.18M | $857K | $732K | $1.99M | $1.65M |
|---|
| Operating income | −$322K | −$777K | −$3.36M | −$6.01M | −$6.74M | −$3.75M | −$8.17M | −$9.68M | −$6.52M | −$11.6M | $1.49M | $8.01M | $1.51M | $2.01M | $54K | −$1.05M | −$1.87M |
|---|
| Net income | $3.75M | $661K | −$4.02M | −$7.46M | −$10.14M | −$7.87M | −$11.51M | −$15.74M | −$6.66M | −$13.99M | $1.02M | $6.2M | $6.47M | $4.82M | $1.02M | −$1.97M | −$5.09M |
|---|
| Diluted EPS | $0.75 | $0.38 | -$12.00 | -$40.00 | -$3.90 | - | - | - | -$0.45 | -$0.93 | $0.07 | $0.45 | $0.70 | $0.59 | $0.37 | -$0.29 | -$0.92 |
|---|
| Diluted shares | 4.96M | 1.73M | 338.1K | 184.56K | 2.62M | - | - | - | 14.94M | 15.05M | 15.2M | 13.66M | 9.19M | 8.16M | 2.76M | 6.18M | 5.51M |
|---|
| Gross margin | 55.18% | 48.43% | 38.48% | 36.19% | 50.57% | 47.42% | 38.53% | 37.19% | 38.82% | 12.80% | 63.14% | 75.42% | 78.51% | 81.89% | 58.27% | 72.16% | 63.83% |
|---|
| Operating margin | −1.15% | −2.81% | −12.64% | −34.02% | −54.92% | −31.85% | −49.61% | −44.21% | −19.59% | −57.92% | 5.27% | 26.96% | 17.16% | 22.44% | 0.68% | −14.18% | −20.08% |
|---|
| Net margin | 13.44% | 2.39% | −15.14% | −42.25% | −82.64% | −66.84% | −69.83% | −71.93% | −20.02% | −69.88% | 3.60% | 20.88% | 73.29% | 53.88% | 12.86% | −26.59% | −54.65% |
|---|
| Current assets | $37.36M | $26.17M | $28.46M | $26.29M | $26.11M | $24.94M | $23.15M | $25.66M | $27.41M | $21.12M | $48.08M | $28.37M | $12.11M | $2.93M | $2.13M | $1.66M | - |
|---|
| Cash | $9.83M | $3.15M | $5.21M | $4.04M | $3.54M | $3.14M | $110K | $1.64M | $1.04M | $1.71M | $22.25M | $4.79M | $2.67M | $225K | $215K | $197K | $656K |
|---|
| Short-term investments | $2.37M | $0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
|---|
| Total liabilities | $24.87M | $34.23M | $39.94M | $38.91M | $37.73M | $35.43M | $31.67M | $24.8M | $21.49M | $14.75M | $11.51M | $14.57M | $11.89M | $3.03M | $8.06M | $9.88M | - |
|---|
| Current liabilities | $4.69M | $3.75M | $5.4M | $5.24M | $5.6M | $19.6M | $14.31M | $13.54M | $17.96M | $12.77M | $10.24M | $12.67M | $8.13M | $2.8M | $7.83M | $4.5M | - |
|---|
| Total debt | $18.71M | $29.75M | $33.95M | $32.6M | $30.45M | $14.95M | $14.19M | $9.62M | $0 | - | - | - | - | - | - | - | - |
|---|
| Shareholder equity | $43.51M | $11.7M | $4.82M | $3.13M | $4.39M | $4.92M | $8.33M | $19.55M | $32.71M | $38.72M | $54.43M | $28.31M | $19.39M | $711K | −$5.6M | −$7.87M | −$6.27M |
|---|