UCIX
Umbra Companies Inc.0.0049
+0.0032+188%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.46MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q1 FY2015 results
Ocean Electric, a development-stage alternative energy firm, posted no revenues for Q1 FY2015 ended March 31, 2015, while narrowing its operating loss to $96,116 from $161,661 a year earlier, thanks to lighter general and administrative spending. The net loss eased to $99,352 from $173,088 y/y, with the gap to operating loss under 4% tied to minor interest and other expenses; diluted EPS held at $(0.00) across 62.3 million weighted shares, showing no anti-dilution quirks. Cash stayed nil amid a $520,084 working capital deficit, offset by a fresh $15,000 convertible note from Azuma Group at 8% due February 2016, while prior debts converted to stock in 2014. No free cash flow disclosed in the 10-Q. Investors face stiff competition in the energy tech space.
8-K
Equity deal for marketing services
Ocean Electric Inc. inked a deal on April 20, 2015, with StockVest for advertising and marketing services running April 27 to July 27, paying with 650,000 restricted common shares. The pact includes an anti-dilution clause ensuring StockVest holds at least 1% of outstanding shares by November 1, 2015. Separately, the company novated its January 30 agreement with Arch Capital Ventures on April 14, canceling 5.5 million shares and resetting relations. This equity swap bolsters promotion without cash outlay, yet dilutes shareholders further.
10-K
FY2014 results
Ocean Electric Inc., a development-stage renewable energy firm, posted a net loss of $546,988 for FY2014 ended December 31, 2014, up from $12,180 in 2013, driven by $502,982 in operating expenses amid zero revenues. The full-year loss reflects ongoing R&D in wave and wind technologies, with no quarterly breakdowns disclosed in the 10-K, though cash burn from operations eased slightly to $285,944 from $287,359 year-over-year. Debt restructuring converted $755,131 in notes to equity, slashing liabilities to $466,212 and bolstering the working capital deficit to $466,212. Yet funding remains precarious. Auditors flag going concern doubts. No annual guidance provided. Regulatory hurdles in marine energy deployment loom large.
8-K
Advisory deal with share issuance
Ocean Electric Inc. signed a letter agreement on January 19, 2015, with Arch Capital Ventures Ltd. for corporate restructuring and capital funding advisory services over an initial 24-month term, issuing 5,500,000 common shares as base compensation plus potential cash for active involvement in capital raises. The deal locks in ACV as the sole advisor, with expense reimbursements and indemnification, but ACV won't directly raise funds. This secures expert guidance. Termination requires share returns if services falter.
8-K
Auditor switch disclosed
Ocean Electric Inc. switched auditors on December 26, 2014, with DMK Certified Public Accountants resigning and Green & Company CPAs stepping in, approved by the board that day. No disagreements arose on accounting or auditing matters, though prior reports flagged going concern doubts. The clean transition avoids disruptions. Yet, the abrupt change raises eyebrows.
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