CIK 719494

Inrad Optics, Inc.

CIK 0000719494 · EDGAR ↗

cleanelevatedtriggeredno dataplanned

85.1

composite · 3 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — 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 — never a guess.

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Signals

P-05 · FY 2023-12-31 · TRIGGERED100.0

Tax arbitrage

ETR -59.9% vs 21% statutory — gap persistent across 3 of 3 years

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2024-03-28) ↗

Evidence — inputs and thresholds

{
  "etr_by_year": {
    "2023-12-31": -0.5994,
    "2022-12-31": 0,
    "2021-12-31": 0
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2023-12-31": 0.8094,
    "2022-12-31": 0.21,
    "2021-12-31": 0.21
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2023-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/719494/000141057824000337/0001410578-24-000337-index.htm",
    "form": "10-K",
    "filed": "2024-03-28"
  }
}

P-01 · FY 2023-12-31 · ELEVATED54.6

Earnings quality

Beneish M-Score -1.81 in the elevated zone

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2024-03-28) ↗

Evidence — inputs and thresholds

{
  "m_score": -1.808,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.943,
    "GMI": 0.765,
    "AQI": 1.191,
    "SGI": 1.214,
    "DEPI": 0.863,
    "SGAI": 0.921,
    "LVGI": 0.817,
    "TATA": 0.112
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": 0.1257,
  "inputs": {
    "revenue_t": 12909657,
    "revenue_t1": 10631032,
    "total_assets_t": 11707676,
    "net_income_t": 2668422,
    "cfo_t": 1360546
  },
  "stale": false,
  "latest_filing_period": "2023-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/719494/000141057824000337/0001410578-24-000337-index.htm",
    "form": "10-K",
    "filed": "2024-03-28"
  }
}

P-12 · FY 2023-12-31 · ELEVATED33.7

Restatement predictor

F-Score 1.01 — misstatement risk 1.0x the base rate

trend: flat

Trend

Source: 10-K on SEC.gov (filed 2024-03-28) ↗

Evidence — inputs and thresholds

{
  "f_score": 1.011,
  "probability": 0.00374,
  "components": {
    "rsst": 0.1257,
    "drec": 0.0194,
    "dinv": 0.031,
    "soft": 0.6353,
    "dcs": 0.1953,
    "droa": 0.2112,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2023-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/719494/000141057824000337/0001410578-24-000337-index.htm",
    "form": "10-K",
    "filed": "2024-03-28"
  }
}