{ "ok": true, "cik": "1706524", "ticker": "FLZH", "name": "FLASH SPORTS & MEDIA HOLDINGS, INC.", "filings": [ { "form": "8-K", "filed": "2026-09-29", "items": [ "1.01 Entry into a Material Definitive Agreement", "3.02 Unregistered Sales of Equity Securities", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026104324/0001213900-26-104324-index.htm" }, { "form": "8-K", "filed": "2026-09-28", "items": [ "7.01 Regulation FD Disclosure", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026103692/0001213900-26-103692-index.htm" }, { "form": "8-K", "filed": "2026-08-26", "items": [ "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026094039/0001213900-26-094039-index.htm" }, { "form": "8-K", "filed": "2026-08-21", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule" ], "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026092714/0001213900-26-092714-index.htm" }, { "form": "8-K", "filed": "2026-08-18", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026091000/0001213900-26-091000-index.htm" }, { "form": "DEF 14A", "filed": "2026-08-13", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026089210/0001213900-26-089210-index.htm" } ], "events12m": 39, "healthWatch": { "window": "last 12 months", "since": "2025-09-30", "signals": [ { "code": "NT 10-K", "label": "Late annual report notice", "count": 1, "latest": { "filed": "2026-03-31", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026037273/0001213900-26-037273-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 6, "latest": { "filed": "2026-08-21", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026092714/0001213900-26-092714-index.htm" } }, { "code": "2.04", "label": "Debt accelerated or triggered", "count": 1, "latest": { "filed": "2025-10-20", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm" } }, { "code": "NT 10-Q", "label": "Late quarterly report notice", "count": 2, "latest": { "filed": "2026-05-15", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026057699/0001213900-26-057699-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-03-05", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026024200/0001213900-26-024200-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-07-16", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026078757/0001213900-26-078757-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001706524.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1706524" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up FLASH SPORTS & MEDIA HOLDINGS, INC. ($FLZH). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-29. 39 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-03-05.", "auditor": { "changes": [ { "filed": "2026-03-05", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026024200/0001213900-26-024200-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 17399438, "revenueGrowth1y": -0.5651102693529056, "revenueGrowthPerYear": -0.2724918509087132, "yearsOfData": 5, "operatingMargin": -1.0352102177093305, "operatingMarginPrior": -0.7103745046408482, "netMargin": -1.2701003331257021, "operatingCashFlow": 840796, "capitalSpending": 298215, "freeCashFlow": 542581, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 10644, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 62113181 }, { "fiscalYearEnd": "2022-12-31", "revenue": 66294699 }, { "fiscalYearEnd": "2023-12-31", "revenue": 69920048 }, { "fiscalYearEnd": "2024-12-31", "revenue": 40008850 }, { "fiscalYearEnd": "2025-12-31", "revenue": 17399438 } ], "totalEquity": -45165234, "totalAssets": 331947, "equityRatio": -136.06158212003723, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -41.83, "sharesOutstanding": 528270, "bookValuePerShare": -85.49649610994378, "revenuePerShare": 32.936638461392846, "range80": { "low": 3450145.8981824196, "high": 24764756.146510385, "baseline": 9353446.274188047, "n": 2483, "band": "b000", "bandLabel": "under $50M", "method": "v4.1", "credibility": 0.625, "growthYears": 6, "ownVolatility": 0.5945810080725932, "classVolatility": 0.3000583276631395, "volatility": 0.504695189669357 }, "ifPaceHeld": { "low": 3450145.8981824196, "high": 24764756.146510385 } }, "edgarette": "🔖 Exposure: revenue $17.4M (FY2025). Experience: revenue down 56.5% on the year, down 27.2% a year over 4 years; operating margin -103.5%, down from -71.0%. Soundness: equity -13606.2% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.5M and $24.8M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $3.0M to $28.5M. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, services-amusement & recreation services): operating margin -103.5% against a 1.6% median; growth -56.5% against 10.6%.", "peers": { "sic": 7900, "sicDescription": "Services-Amusement & Recreation Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7900", "growth": [ 0.106, 10 ], "opMargin": [ 0.0156, 10 ], "equityRatio": [ 0.0719, 9 ] }, "summary": "Flash Sports & Media Holdings (FLZH) saw revenue fall 56.5% in FY2025 to $17 million, operating margin -104% against a 1.6% median for services-amusement & recreation services, equity -13606% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
FLASH SPORTS & MEDIA HOLDINGS, INC. against its own record and its peers
Operating marginPeer median 1.6%-103.5%Revenue, on the yearPeer median 10.6%-56.5%Equity of assetsPeer median 7.2%-13606.2%Gold tick: the median of 9–9 peers with $50M+ revenue in services-amusement & recreation services
", "chartHorizon": null, "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-30T14:44:23.187Z", "hash": "f179d51af7f837fe", "status": "open" }, "caution": "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.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Flash Sports & Media Holdings (FLZH) saw revenue fall 56.5% in FY2025 to $17 million, operating margin -104% against a 1.6% median for services-amusement & recreation services, equity -13606% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 17399438, "totalDebt": null, "cash": 10644 }, "experience": { "revenueGrowth1y": -0.5651102693529056, "revenueGrowthPerYear": -0.2724918509087132, "operatingMargin": -1.0352102177093305, "operatingMarginPrior": -0.7103745046408482, "netMargin": -1.2701003331257021, "freeCashFlow": 542581 }, "soundness": { "equityRatio": -136.06158212003723, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 7900, "sicDescription": "Services-Amusement & Recreation Services", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "7900", "growth": [ 0.106, 10 ], "opMargin": [ 0.0156, 10 ], "equityRatio": [ 0.0719, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-03-05", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026024200/0001213900-26-024200-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-30", "signals": [ { "code": "NT 10-K", "label": "Late annual report notice", "count": 1, "latest": { "filed": "2026-03-31", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026037273/0001213900-26-037273-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 6, "latest": { "filed": "2026-08-21", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026092714/0001213900-26-092714-index.htm" } }, { "code": "2.04", "label": "Debt accelerated or triggered", "count": 1, "latest": { "filed": "2025-10-20", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390025100408/0001213900-25-100408-index.htm" } }, { "code": "NT 10-Q", "label": "Late quarterly report notice", "count": 2, "latest": { "filed": "2026-05-15", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026057699/0001213900-26-057699-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-03-05", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026024200/0001213900-26-024200-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-07-16", "url": "https://www.sec.gov/Archives/edgar/data/1706524/000121390026078757/0001213900-26-078757-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 3450145.8981824196, "high": 24764756.146510385, "baseline": 9353446.274188047, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 2483, "sizeBand": "under $50M", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341, "coverageAllYears": 0.6904374799277399, "stressCoverageAllYears": 0.819004992974709, "outcomeYears": [ 2019, 2025 ] }, "credibility": { "weightOnOwnRecord": 0.625, "growthYears": 6, "ownVolatility": 0.5945810080725932, "classVolatility": 0.3000583276631395, "pricedVolatility": 0.504695189669357, "k": 3 }, "stress": { "low": 3013955.9805303314, "high": 28482288.79695411, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 5, "hits": 3, "rate": 0.6, "method": "v4", "byYear": { "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 0, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-30T14:44:23.187Z", "hash": "f179d51af7f837fe", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "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.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001706524.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1706524" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0483, "growth3y": -0.3597, "volatility": 0.5946, "paysDividend": false, "raisedDividend": false, "equityRatio": -2, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 4.8% of revenue into operating cash; revenue shrinking 36.0% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among under $50M companies: 78th percentile for cash, 10th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "under $50M", "cashPctInClass": 78, "growthPctInClass": 10, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed late annual report notice, debt accelerated or triggered, late quarterly report notice, auditor change in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±76%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 4, "name": "Rotting at the dock", "plain": "four or more warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 840796, "investing": 1832333, "financing": -3481535, "capitalSpending": 298215, "free": 542581, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -1563108, "free": -1855536 }, { "fiscalYearEnd": "2022-12-31", "operating": -12769823, "free": -13445100 }, { "fiscalYearEnd": "2023-12-31", "operating": -10516068, "free": -11056562 }, { "fiscalYearEnd": "2024-12-31", "operating": -2821187, "free": -2952574 }, { "fiscalYearEnd": "2025-12-31", "operating": 840796, "free": 542581 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 10644, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 331947, "ladder": null, "currentRatio": 0, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0483, "growth3y": -0.3597, "volatility": 0.5946, "paysDividend": false, "raisedDividend": false, "equityRatio": -2, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "fading", "inside": "Turns 4.8% of revenue into operating cash; revenue shrinking 36.0% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among under $50M companies: 78th percentile for cash, 10th for growth.", "emoji": "🍂", "label": "Fading", "plain": "slow and jumpy, lagging its peers" }, "band": "under $50M", "cashPctInClass": 78, "growthPctInClass": 10, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed late annual report notice, debt accelerated or triggered, late quarterly report notice, auditor change in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±76%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 4, "name": "Rotting at the dock", "plain": "four or more warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": 840796, "investing": 1832333, "financing": -3481535, "capitalSpending": 298215, "free": 542581, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -1563108, "free": -1855536 }, { "fiscalYearEnd": "2022-12-31", "operating": -12769823, "free": -13445100 }, { "fiscalYearEnd": "2023-12-31", "operating": -10516068, "free": -11056562 }, { "fiscalYearEnd": "2024-12-31", "operating": -2821187, "free": -2952574 }, { "fiscalYearEnd": "2025-12-31", "operating": 840796, "free": 542581 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 10644, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 331947, "ladder": null, "currentRatio": 0, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }