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CIK 1236997

COUNTERPATH CORP
CIK 0001236997 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
81.5
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-13 ยท FY 2020-04-30 ยท TRIGGERED100.0

Zombie / distress

Zombie: interest coverage below 1.0x for 4 consecutive years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-07-20) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2020-04-30": -2.384,
    "2019-04-30": -48.142,
    "2018-04-30": -7675.192,
    "2017-04-30": -966.498
  },
  "consecutive_years_below_1": 4,
  "altman_z_double_prime": -19.268,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -799567,
    "interest_expense_t": 335351
  },
  "stale": false,
  "latest_filing_period": "2020-04-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1236997/000106299320003383/0001062993-20-003383-index.htm",
    "form": "10-K",
    "filed": "2020-07-20"
  }
}
P-05 ยท FY 2013-04-30 ยท ELEVATED94.0

Tax arbitrage

[FY2013 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 0.0% vs 21% statutory โ€” gap persistent across 1 of 1 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2014-07-10) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2013-04-30": 0
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2013-04-30": 0.21
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2020-04-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1236997/000106299314004136/0001062993-14-004136-index.htm",
    "form": "10-K",
    "filed": "2014-07-10"
  }
}
P-12 ยท FY 2020-04-30 ยท ELEVATED36.6

Restatement predictor

F-Score 1.10 โ€” misstatement risk 1.1x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-07-20) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 1.099,
  "probability": 0.00407,
  "components": {
    "rsst": -0.0635,
    "drec": 0.0546,
    "dinv": null,
    "soft": 0.8136,
    "dcs": 0.0613,
    "droa": 0.3704,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2020-04-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1236997/000106299320003383/0001062993-20-003383-index.htm",
    "form": "10-K",
    "filed": "2020-07-20"
  }
}
P-01 ยท FY 2020-04-30 ยท CLEAN24.8

Earnings quality

Beneish M-Score -2.63 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2020-07-20) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.632,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.21,
    "GMI": 0.962,
    "AQI": 0.95,
    "SGI": 1.124,
    "DEPI": 1.856,
    "SGAI": 1,
    "LVGI": 1.751,
    "TATA": -0.058
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.0635,
  "inputs": {
    "revenue_t": 12101326,
    "revenue_t1": 10764904,
    "total_assets_t": 13655953,
    "net_income_t": -1096565,
    "cfo_t": -310116
  },
  "stale": false,
  "latest_filing_period": "2020-04-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1236997/000106299320003383/0001062993-20-003383-index.htm",
    "form": "10-K",
    "filed": "2020-07-20"
  }
}