# SDR DRONE, INC. (SDCO) · Edgar & Edgarette company card

> Sdr Drone (SDCO) reported revenue of $1 million in FY2024, operating margin -21.2% against a 8.9% median for aircraft, equity -1149% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1331421 · fiscal year ended 2024-12-31 · 1 audited years read · [page](https://www.pops4.com/boards/company/SDCO) · [JSON](https://www.pops4.com/boards/company/SDCO.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $609,549 |
| Revenue growth, 1 year | — |
| Revenue growth per year | — |
| Operating margin | -21.2% |
| Net margin | -110.3% |
| Operating cash flow | −$252,273 |
| Capital spending | — |
| Free cash flow | — |
| Cash | $0 |
| Long-term debt | — |
| Total assets | $119,922 |
| Total equity | −$1M |
| Equity ÷ assets | -1148.8% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -190.19 (distress zone)
- Health Harbor boat: Old boat · three warning signs · filed late annual report notice, earlier statements no longer to be relied on, late quarterly report notice in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); operating cash flow was negative (-$151K in FY2025)

## Edgarette's reading

Exposure: revenue $610K (FY2024). Experience: one year on record; operating margin -21.2%. Soundness: equity -1148.8% of assets (liabilities exceed assets). Credibility: one audited year, little weight, marked down from little: on 2026-09-09 the company said earlier statements should no longer be relied on (8-K Item 4.02), and no 10-K has been filed since. Against peers (17 filers, $50M+ revenue, its industry group): operating margin -21.2% against a 8.9% median.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-26 ([filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226012847/0001493152-26-012847-index.htm))
- Item 4.02 Earlier statements no longer to be relied on: 1, latest 2026-09-09 ([filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226041986/0001493152-26-041986-index.htm))
- Item NT 10-Q Late quarterly report notice: 2, latest 2026-05-15 ([filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226023360/0001493152-26-023360-index.htm))
- Item 5.02 Director or officer change: 2, latest 2026-10-27 ([filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226048685/0001493152-26-048685-index.htm))

## Recent filings

- 8-K · filed 2026-10-27 · 1.01 Entry into a Material Definitive Agreement; 5.02 Departure or Election of Directors; Appointment of Officers; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226048685/0001493152-26-048685-index.htm)
- 8-K · filed 2026-10-07 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226046096/0001493152-26-046096-index.htm)
- 8-K · filed 2026-09-09 · 4.02 Non-Reliance on Previously Issued Financial Statements; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226041986/0001493152-26-041986-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226038054/0001493152-26-038054-index.htm)
- 8-K · filed 2026-07-16 · 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226033465/0001493152-26-033465-index.htm)
- 8-K · filed 2026-06-16 · 1.01 Entry into a Material Definitive Agreement; 2.01 Completion of Acquisition or Disposition of Assets; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 5.01 Changes in Control of Registrant; 5.02 Departure or Election of Directors; Appointment of Officers; 5.06 Change in Shell Company Status; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1331421/000149315226028933/0001493152-26-028933-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001331421.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1331421

## Cite

POPS4, Edgar & Edgarette: SDR DRONE, INC. (SDCO) company card, from the company's own SEC filings, accessed 2026-11-05, https://www.pops4.com/boards/company/SDCO. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Its latest audited year is FY2025, which reports no revenue; the revenue figures and the range here are from FY2024, its last year with revenue on record. Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.