{
  "ticker": {
    "uuid": "1086422a-a056-4d34-af7c-f61dd6aadb26",
    "symbol": "CDZI",
    "name": "Cadiz Inc",
    "exchange": "NASDAQ",
    "exchange_name": "NASDAQ",
    "country": "US",
    "currency": "USD",
    "sector": "Utilities",
    "industry": "Utilities - Regulated Water",
    "page_url": "https://sharemaestro.com/factors/ticker/1086422a-a056-4d34-af7c-f61dd6aadb26/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/1086422a-a056-4d34-af7c-f61dd6aadb26/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "1086422a-a056-4d34-af7c-f61dd6aadb26",
      "symbol": "CDZI",
      "name": "Cadiz Inc",
      "exchange": "NASDAQ",
      "exchange_name": "NASDAQ",
      "country": "US",
      "currency": "USD",
      "sector": "Utilities",
      "industry": "Utilities - Regulated Water",
      "page_url": "https://sharemaestro.com/factors/ticker/1086422a-a056-4d34-af7c-f61dd6aadb26/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/1086422a-a056-4d34-af7c-f61dd6aadb26/"
    },
    "week_end_date": "2026-07-26",
    "universe": "USD_US",
    "score": {
      "os": 0.03,
      "value": 0.11,
      "quality": 0.03,
      "momentum": 0.35,
      "coverage": 0.848,
      "confidence": 0.812,
      "delta": 4
    },
    "headline_factors": {
      "price": 3.16,
      "market_cap": 265712663.76,
      "pe_ratio": null,
      "earnings_yield": null,
      "ebitda_to_ev": null,
      "shareholder_yield": 0.0191,
      "roe": -2.1254,
      "piotroski_f_score": 3,
      "momentum_12_1": 0.261,
      "volatility_252d": 0.6219
    },
    "strategy_flags": {
      "market_leader": false,
      "cornerstone_value": false,
      "cornerstone_growth": false,
      "tiny_titan": false,
      "all_cap_buyback": false,
      "small_cap_core": false,
      "veiled_value": false,
      "earnings_consistent_5y": true
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": null,
        "ev_ebitda": null,
        "earnings_yield": null,
        "fcf_yield": -0.0389,
        "shareholder_yield": 0.0191
      },
      "quality": {
        "roe": -2.1254,
        "roic": -0.152,
        "gross_margin": 0.3135,
        "fcf_margin": -0.9517,
        "piotroski_f_score": 3
      },
      "growth": {
        "revenue_growth_1y": 0.3103,
        "eps_growth_1y": null,
        "fcf_growth_1y": null
      },
      "momentum": {
        "price_return_12m": 0.0712,
        "momentum_12_1": 0.261,
        "relative_strength": -0.145
      },
      "scores": {
        "value_percentile": 0.11,
        "quality_percentile": 0.03,
        "momentum_percentile": 0.35,
        "growth_composite": 18,
        "yield_composite": 70,
        "overall_composite": 97,
        "os_score": 0.03,
        "factor_coverage": 0.848,
        "signal_confidence": 0.812
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 4.14,
      "os": 0.09,
      "value": 0.11,
      "quality": 0.04,
      "momentum": 0.77,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0146,
      "roe": -2.1254,
      "momentum_12_1": 0.5032
    },
    {
      "week_end_date": "2026-06-14",
      "price": 3.99,
      "os": 0.08,
      "value": 0.11,
      "quality": 0.03,
      "momentum": 0.73,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0152,
      "roe": -2.1254,
      "momentum_12_1": 0.4767
    },
    {
      "week_end_date": "2026-06-21",
      "price": 4.07,
      "os": 0.08,
      "value": 0.11,
      "quality": 0.04,
      "momentum": 0.76,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0149,
      "roe": -2.1254,
      "momentum_12_1": 0.3918
    },
    {
      "week_end_date": "2026-06-28",
      "price": 3.72,
      "os": 0.07,
      "value": 0.12,
      "quality": 0.03,
      "momentum": 0.65,
      "confidence": 0.848,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0162,
      "roe": -2.1254,
      "momentum_12_1": 0.5641
    },
    {
      "week_end_date": "2026-07-05",
      "price": 4.19,
      "os": 0.09,
      "value": 0.11,
      "quality": 0.04,
      "momentum": 0.76,
      "confidence": 0.84,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0144,
      "roe": -2.1254,
      "momentum_12_1": 0.306
    },
    {
      "week_end_date": "2026-07-12",
      "price": 4.4,
      "os": 0.1,
      "value": 0.11,
      "quality": 0.04,
      "momentum": 0.86,
      "confidence": 0.831,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0137,
      "roe": -2.1254,
      "momentum_12_1": 0.33
    },
    {
      "week_end_date": "2026-07-19",
      "price": 3.4,
      "os": 0.07,
      "value": 0.11,
      "quality": 0.03,
      "momentum": 0.68,
      "confidence": 0.822,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0178,
      "roe": -2.1254,
      "momentum_12_1": 0.3522
    },
    {
      "week_end_date": "2026-07-26",
      "price": 3.16,
      "os": 0.03,
      "value": 0.11,
      "quality": 0.03,
      "momentum": 0.35,
      "confidence": 0.812,
      "coverage": 0.848,
      "pe_ratio": null,
      "earnings_yield": null,
      "shareholder_yield": 0.0191,
      "roe": -2.1254,
      "momentum_12_1": 0.261
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16313000,
          "cost_of_revenue": 11163000,
          "gross_profit": 5150000,
          "ebit": -25026000,
          "ebitda": -23410000,
          "pretax_income": -34140000,
          "tax_provision": -11000,
          "net_income": -34129000,
          "net_income_to_common": -34129000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -18930000,
          "capital_expenditure": 7576000,
          "free_cash_flow": -11354000,
          "dividends_paid": 5106000,
          "share_repurchases": null,
          "shares_issued": 18335000,
          "net_debt_issued": 13642000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16313000,
          "cost_of_revenue": 11163000,
          "gross_profit": 5150000,
          "ebit": -25026000,
          "ebitda": -23410000,
          "pretax_income": -34140000,
          "tax_provision": -11000,
          "net_income": -34129000,
          "net_income_to_common": -34129000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -18930000,
          "capital_expenditure": 7576000,
          "free_cash_flow": -11354000,
          "dividends_paid": 5106000,
          "share_repurchases": null,
          "shares_issued": 18335000,
          "net_debt_issued": 13642000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16313000,
          "cost_of_revenue": 11163000,
          "gross_profit": 5150000,
          "ebit": -25026000,
          "ebitda": -23410000,
          "pretax_income": -34140000,
          "tax_provision": -11000,
          "net_income": -34129000,
          "net_income_to_common": -34129000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -18930000,
          "capital_expenditure": 7576000,
          "free_cash_flow": -11354000,
          "dividends_paid": 5106000,
          "share_repurchases": null,
          "shares_issued": 18335000,
          "net_debt_issued": 13642000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16313000,
          "cost_of_revenue": 11163000,
          "gross_profit": 5150000,
          "ebit": -25026000,
          "ebitda": -23410000,
          "pretax_income": -34140000,
          "tax_provision": -11000,
          "net_income": -34129000,
          "net_income_to_common": -34129000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -18930000,
          "capital_expenditure": 7576000,
          "free_cash_flow": -11354000,
          "dividends_paid": 5106000,
          "share_repurchases": null,
          "shares_issued": 18335000,
          "net_debt_issued": 13642000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16313000,
          "cost_of_revenue": 11163000,
          "gross_profit": 5150000,
          "ebit": -25026000,
          "ebitda": -23410000,
          "pretax_income": -34140000,
          "tax_provision": -11000,
          "net_income": -34129000,
          "net_income_to_common": -34129000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -18930000,
          "capital_expenditure": 7576000,
          "free_cash_flow": -11354000,
          "dividends_paid": 5106000,
          "share_repurchases": null,
          "shares_issued": 18335000,
          "net_debt_issued": 13642000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16313000,
          "cost_of_revenue": 11163000,
          "gross_profit": 5150000,
          "ebit": -25026000,
          "ebitda": -23410000,
          "pretax_income": -34140000,
          "tax_provision": -11000,
          "net_income": -34129000,
          "net_income_to_common": -34129000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -18930000,
          "capital_expenditure": 7576000,
          "free_cash_flow": -11354000,
          "dividends_paid": 5106000,
          "share_repurchases": null,
          "shares_issued": 18335000,
          "net_debt_issued": 13642000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 16313000,
          "cost_of_revenue": 11163000,
          "gross_profit": 5150000,
          "ebit": -25026000,
          "ebitda": -23410000,
          "pretax_income": -34140000,
          "tax_provision": -11000,
          "net_income": -34129000,
          "net_income_to_common": -34129000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -18930000,
          "capital_expenditure": 7576000,
          "free_cash_flow": -11354000,
          "dividends_paid": 5106000,
          "share_repurchases": null,
          "shares_issued": 18335000,
          "net_debt_issued": 13642000
        }
      },
      {
        "period_end_date": "2024-12-31",
        "period_type": "annual",
        "fiscal_year": 2024,
        "fiscal_quarter": null,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 9608000,
          "cost_of_revenue": 7298000,
          "gross_profit": 2310000,
          "ebit": -22818000,
          "ebitda": -21441000,
          "pretax_income": -31129000,
          "tax_provision": 11000,
          "net_income": -31140000,
          "net_income_to_common": -31140000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 17292000,
          "total_current_assets": 25786000,
          "total_assets": 134494000,
          "short_term_debt": 434000,
          "long_term_debt": 56708000,
          "total_debt": 85890000,
          "total_liabilities": 100533000,
          "total_equity": 33961000,
          "shares_outstanding": 68847000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -21532000,
          "capital_expenditure": 934000,
          "free_cash_flow": -20598000,
          "dividends_paid": 5106000,
          "share_repurchases": null,
          "shares_issued": 22135000,
          "net_debt_issued": 18529000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1632000,
          "cost_of_revenue": 1207000,
          "gross_profit": 425000,
          "ebit": -6061000,
          "ebitda": -5583000,
          "pretax_income": -8633000,
          "tax_provision": -3000,
          "net_income": -8630000,
          "net_income_to_common": -8630000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 16535000,
          "total_current_assets": 23717000,
          "total_assets": 146120000,
          "short_term_debt": 369000,
          "long_term_debt": 85599000,
          "total_debt": 117565000,
          "total_liabilities": 130508000,
          "total_equity": 15612000,
          "shares_outstanding": 83516000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -5510000,
          "capital_expenditure": 242000,
          "free_cash_flow": -5268000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 14978000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1632000,
          "cost_of_revenue": 1207000,
          "gross_profit": 425000,
          "ebit": -6061000,
          "ebitda": -5583000,
          "pretax_income": -8633000,
          "tax_provision": -3000,
          "net_income": -8630000,
          "net_income_to_common": -8630000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 16535000,
          "total_current_assets": 23717000,
          "total_assets": 146120000,
          "short_term_debt": 369000,
          "long_term_debt": 85599000,
          "total_debt": 117565000,
          "total_liabilities": 130508000,
          "total_equity": 15612000,
          "shares_outstanding": 83516000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -5510000,
          "capital_expenditure": 242000,
          "free_cash_flow": -5268000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 14978000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1632000,
          "cost_of_revenue": 1207000,
          "gross_profit": 425000,
          "ebit": -6061000,
          "ebitda": -5583000,
          "pretax_income": -8633000,
          "tax_provision": -3000,
          "net_income": -8630000,
          "net_income_to_common": -8630000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 16535000,
          "total_current_assets": 23717000,
          "total_assets": 146120000,
          "short_term_debt": 369000,
          "long_term_debt": 85599000,
          "total_debt": 117565000,
          "total_liabilities": 130508000,
          "total_equity": 15612000,
          "shares_outstanding": 83516000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -5510000,
          "capital_expenditure": 242000,
          "free_cash_flow": -5268000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 14978000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1632000,
          "cost_of_revenue": 1207000,
          "gross_profit": 425000,
          "ebit": -6061000,
          "ebitda": -5583000,
          "pretax_income": -8633000,
          "tax_provision": -3000,
          "net_income": -8630000,
          "net_income_to_common": -8630000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 16535000,
          "total_current_assets": 23717000,
          "total_assets": 146120000,
          "short_term_debt": 369000,
          "long_term_debt": 85599000,
          "total_debt": 117565000,
          "total_liabilities": 130508000,
          "total_equity": 15612000,
          "shares_outstanding": 83516000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -5510000,
          "capital_expenditure": 242000,
          "free_cash_flow": -5268000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 14978000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1632000,
          "cost_of_revenue": 1207000,
          "gross_profit": 425000,
          "ebit": -6061000,
          "ebitda": -5583000,
          "pretax_income": -8633000,
          "tax_provision": -3000,
          "net_income": -8630000,
          "net_income_to_common": -8630000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 16535000,
          "total_current_assets": 23717000,
          "total_assets": 146120000,
          "short_term_debt": 369000,
          "long_term_debt": 85599000,
          "total_debt": 117565000,
          "total_liabilities": 130508000,
          "total_equity": 15612000,
          "shares_outstanding": 83516000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -5510000,
          "capital_expenditure": 242000,
          "free_cash_flow": -5268000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 14978000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1632000,
          "cost_of_revenue": 1207000,
          "gross_profit": 425000,
          "ebit": -6061000,
          "ebitda": -5583000,
          "pretax_income": -8633000,
          "tax_provision": -3000,
          "net_income": -8630000,
          "net_income_to_common": -8630000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 16535000,
          "total_current_assets": 23717000,
          "total_assets": 146120000,
          "short_term_debt": 369000,
          "long_term_debt": 85599000,
          "total_debt": 117565000,
          "total_liabilities": 130508000,
          "total_equity": 15612000,
          "shares_outstanding": 83516000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -5510000,
          "capital_expenditure": 242000,
          "free_cash_flow": -5268000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 14978000
        }
      },
      {
        "period_end_date": "2026-03-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 1632000,
          "cost_of_revenue": 1207000,
          "gross_profit": 425000,
          "ebit": -6835000,
          "ebitda": -6835000,
          "pretax_income": -8633000,
          "tax_provision": -3000,
          "net_income": -8630000,
          "net_income_to_common": -8630000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 16535000,
          "total_current_assets": 23717000,
          "total_assets": 146120000,
          "short_term_debt": 369000,
          "long_term_debt": 85599000,
          "total_debt": 31966000,
          "total_liabilities": 130508000,
          "total_equity": 15612000,
          "shares_outstanding": 83516000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -5510000,
          "capital_expenditure": 242000,
          "free_cash_flow": -5268000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 14978000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5084000,
          "cost_of_revenue": 3405000,
          "gross_profit": 1679000,
          "ebit": -7283000,
          "ebitda": -6837000,
          "pretax_income": -9753000,
          "tax_provision": 3000,
          "net_income": -9756000,
          "net_income_to_common": -9756000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -6920000,
          "capital_expenditure": 1326000,
          "free_cash_flow": -5594000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 13741000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5084000,
          "cost_of_revenue": 3405000,
          "gross_profit": 1679000,
          "ebit": -7283000,
          "ebitda": -6837000,
          "pretax_income": -9753000,
          "tax_provision": 3000,
          "net_income": -9756000,
          "net_income_to_common": -9756000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -6920000,
          "capital_expenditure": 1326000,
          "free_cash_flow": -5594000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 13741000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5084000,
          "cost_of_revenue": 3405000,
          "gross_profit": 1679000,
          "ebit": -7283000,
          "ebitda": -6837000,
          "pretax_income": -9753000,
          "tax_provision": 3000,
          "net_income": -9756000,
          "net_income_to_common": -9756000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -6920000,
          "capital_expenditure": 1326000,
          "free_cash_flow": -5594000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 13741000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5084000,
          "cost_of_revenue": 3405000,
          "gross_profit": 1679000,
          "ebit": -7283000,
          "ebitda": -6837000,
          "pretax_income": -9753000,
          "tax_provision": 3000,
          "net_income": -9756000,
          "net_income_to_common": -9756000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -6920000,
          "capital_expenditure": 1326000,
          "free_cash_flow": -5594000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 13741000
        }
      },
      {
        "period_end_date": "2025-12-31",
        "period_type": "quarterly",
        "fiscal_year": 2025,
        "fiscal_quarter": 4,
        "currency_reported": "USD",
        "is_restated": false,
        "income_statement": {
          "revenue": 5084000,
          "cost_of_revenue": 3405000,
          "gross_profit": 1679000,
          "ebit": -7283000,
          "ebitda": -6837000,
          "pretax_income": -9753000,
          "tax_provision": 3000,
          "net_income": -9756000,
          "net_income_to_common": -9756000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 8599000,
          "total_current_assets": 16051000,
          "total_assets": 140914000,
          "short_term_debt": 415000,
          "long_term_debt": 72705000,
          "total_debt": 104209000,
          "total_liabilities": 117658000,
          "total_equity": 23256000,
          "shares_outstanding": 81064000,
          "goodwill_and_intangibles": 5714000
        },
        "cash_flow": {
          "operating_cash_flow": -6920000,
          "capital_expenditure": 1326000,
          "free_cash_flow": -5594000,
          "dividends_paid": 1265000,
          "share_repurchases": null,
          "shares_issued": 0,
          "net_debt_issued": 13741000
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "capital_allocators",
      "name": "Capital Allocators",
      "slug": "capital-allocators",
      "group": "quality",
      "page_url": "/factors/capital-allocators/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Risk-Adjusted Momentum",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    }
  ],
  "coverage": {
    "factor_history_points": 8,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-07-26",
    "latest_financials_period_end": "2026-03-31"
  },
  "schema": {
    "public_fields_only": true
  }
}