📊 BLIS Key Takeaways
Investment Thesis
NAPC Defense is in critical financial distress with negative stockholders' equity of -$1.6M, indicating liabilities exceed assets. The company is burning cash at an alarming rate (-$654.7K FCF) while maintaining minimal operations, with virtually no liquidity (0.04x current ratio) and only $25K in cash reserves. Revenue growth of 500% appears to reflect recovery from near-zero baseline rather than sustainable business traction, overshadowed by massive operating losses of -$1.1M on just $67.5K in revenue.
BLIS Strengths
- 100% gross margin suggests no direct cost of goods sold in service model
- Significant revenue growth from prior year base indicates some demand signal
- Minimal capital expenditure requirements suggest asset-light service business
BLIS Risks
- Negative stockholders' equity of -$1.6M indicates technical insolvency
- Severe liquidity crisis with 0.04x current ratio and only $25K cash against $1.8M liabilities
- Massive operating losses (-$1.1M) far exceed revenue ($67.5K), indicating unsustainable cost structure
- Negative operating cash flow of -$594.3K and negative FCF of -$654.7K demonstrate cash hemorrhaging
- Company is technically insolvent with liabilities of $1.8M exceeding assets of $163.1K
- No insider confidence signals with zero Form 4 filings in past 90 days
Key Metrics to Watch
- Cash burn rate and timeline to cash depletion at current burn rate
- Path to profitability and operating expense reduction
- Revenue sustainability and whether $67.5K revenue level can be maintained or grown
- Debt restructuring or capital injection requirements for solvency
BLIS Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
BLIS Profitability Ratios
BLIS vs Default Sector
How NAPC Defense, Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BLIS Balance Sheet & Liquidity
BLIS 5-Year Financial Trend
5-Year Trend Summary: NAPC Defense, Inc.'s revenue has grown significantly by 459% over the 5-year period, indicating strong business expansion.
BLIS Growth Metrics (YoY)
BLIS Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2026 | $67.5K | -$290.3K | N/A |
| Q2 2026 | $67.5K | -$435.9K | N/A |
| Q1 2026 | $67.5K | -$435.9K | N/A |
| Q3 2025 | $67.5K | -$87.7K | N/A |
| Q3 2020 | $14.2K | $145 | N/A |
| Q2 2020 | $14.2K | $145 | N/A |
| Q1 2020 | $14.2K | -$1.0K | N/A |
| Q3 2019 | N/A | -$11.1K | N/A |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BLIS Capital Allocation
BLIS SEC Filings
Access official SEC EDGAR filings for NAPC Defense, Inc. (CIK: 0001703625)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BLIS
What is the AI rating for BLIS?
NAPC Defense, Inc. (BLIS) has an AI rating of STRONG SELL with 95% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BLIS's key strengths?
100% gross margin suggests no direct cost of goods sold in service model. Significant revenue growth from prior year base indicates some demand signal.
What are the risks of investing in BLIS?
Negative stockholders' equity of -$1.6M indicates technical insolvency. Severe liquidity crisis with 0.04x current ratio and only $25K cash against $1.8M liabilities.
What is BLIS's revenue and growth?
NAPC Defense, Inc. reported revenue of $67.5K.
Does BLIS pay dividends?
NAPC Defense, Inc. does not currently pay dividends.
Where can I find BLIS SEC filings?
Official SEC filings for NAPC Defense, Inc. (CIK: 0001703625) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BLIS's EPS?
NAPC Defense, Inc. has a diluted EPS of $0.00.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.