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First America Resources: Rotting at the dock (four or more warning signs)Rotting at the dock

First America Resources $MEGR

Grew revenue 15.9% in FY2025 to $19 million, operating margin -1.0% against a 4.9% median for electronic parts & equipment, equity -23.8% of assets.

Last filing8-K · Item 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year, 2 Oct 2026

Health watchLate annual report notice · 1 Apr 2026Late quarterly report notice · 17 Nov 2025Director or officer change · 25 Sept 2026
Follow its filings →

ExcelTen-year table

Next year, 80%$16M–$29M
Growth, on the year15.9%
Operating margin−1.0%
Equity of assets−23.8%
Your call, sealedNext year’s revenue, your range. Sealed now, graded when the annual report lands.
Edgarette’s full reading · exposure, experience, soundness, credibility, range

🫧 Edgar looked up First America Resources Corporation ($MEGR). Last filing: 8-K (5.03 Amendments to Articles or Bylaws; Change in Fiscal Year), 2026-10-02. 2 event filings (8-K) in the past twelve months.

🔖 Exposure: revenue $18.8M (FY2025). Experience: revenue up 15.9% on the year; operating margin -1.0%, down from 1.8%. Soundness: equity -23.8% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $16.0M and $28.7M next year (method v3, set from 749 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, its industry group): operating margin -1.0% against a 4.9% median; growth 15.9% against 10.0%.

Read from its own SEC filings · nothing written, nothing inferred

First America Resources Corporation against its own record and its peers
Operating marginPeer median 4.9%-1.0%Revenue, on the yearPeer median 10.0%15.9%Equity of assets-23.8%No peer group large enough for a median

Speed and cash · fiscal 2025

Cash flow (op · inv · fin · free)$0M · −$0M · −$0M · $0M
Investment book (cash · short · long)$0M · — · — · current ratio 0.48
Revenue swing · equity of assets— · -23.8%

The figures, as filed

Fiscal year end2025-12-31
Revenue$19M
Revenue, on the year15.9%
Revenue, a year over the record—
Operating margin−1.0%
Operating margin, prior year1.8%
Net margin0.0%
Research and developmentnot filed separately
Total debt—
Equity of assets−23.8%
Return on equity—
Payout of profit—
Dividend per share—
Earnings per share$0
Book value per share$-0.02
Revenue per share$0.21
Shares outstanding87,964,090
Audited years read5

Peers: the median of 8 filers with $50M+ revenue in wholesale-electronic parts & equipment, nec.

Classic signals · fiscal 2025Altman Z″ -4.95 distress zone 1968Piotroski F 7 of 9 solid 2000Beneish M not enough filed detail (needs receivables, cost of revenue, PP&E, depreciation, SG&A for two years)Sloan accruals -1.1% earnings backed by cash 1996DuPont ROE needs net income, revenue and two years of assets and equity

What a terminal subscription used to buy, a filing and arithmetic now give anyone. Published method, from the same filings. Display only: nothing here moves the range or its receipt. Why? →

Health HarborFirst America Resources sails as: Rotting at the dock

Health watch · 12 monthsLate annual report noticeLate quarterly report noticeDirector or officer change

Tied up at the dock.

🌊 Visit the Bay →
  • filed late annual report notice, late quarterly report notice in the last 12 months
  • liabilities exceed assets (often from years of share buybacks, not always distress)
  • operating loss: a margin of -1.0% in FY2025
  • revenue is hard to predict: its 80% range is ±28%

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an operating loss; negative free cash flow outside regulated utilities; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Recent filings
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Each benchmark is the median of SEC filers in your industry code, from their own audited filings, read on the filing boards. Reporting, not investment advice.

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. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · Open in Excel (CSV) · Ten-year table (CSV) ·

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