Rotting at the dockNew Era Energy & Digital $NUAI
Grew revenue 66.2% in FY2025 to $1 million, operating margin -2767% against a 16.8% median for crude petroleum & natural gas, equity -18.5% of assets.
Last filingDEF 14A, 5 Nov 2026
Edgarette’s full reading · exposure, experience, soundness, credibility, range
🫧 Edgar looked up NEW ERA ENERGY & DIGITAL, INC. ($NUAI). Last filing: DEF 14A, 2026-11-05. 31 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2024-12-12. Non-reliance (8-K Item 4.02) filed 2026-07-30.
🔖 Exposure: revenue $885K (FY2025). Experience: revenue up 66.2% on the year, up 20.2% a year over 2 years; operating margin -2767.5%, down from -2389.9%. Soundness: equity -18.5% of assets (liabilities exceed assets). Credibility: 3 audited years, little weight, marked down from moderate: on 2026-07-30 the company said earlier statements should no longer be relied on (8-K Item 4.02), and no 10-K has been filed since. Range: 80% of past cases like this landed between $931K and $1.7M 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 (45 filers, $50M+ revenue, crude petroleum & natural gas): operating margin -2767.5% against a 16.8% median; growth 66.2% against 7.8%.
Read from its own SEC filings · nothing written, nothing inferred
Cash
| Cash flow (op · inv · fin · free) | −$12M · −$5M · $17M · −$13M |
| Investment book (cash · short · long) | $1M · — · — · current ratio 1.57 |
The figures, as filed
| Fiscal year end | 2025-12-31 |
| Revenue | $1M |
| Revenue, on the year | 66.2% |
| Revenue, a year over the record | 20.2% |
| Operating margin | −2767.5% |
| Operating margin, prior year | −2389.9% |
| Net margin | −3341.5% |
| Research and development | not filed separately |
| Total debt | — |
| Equity of assets | −18.5% |
| Return on equity | — |
| Payout of profit | — |
| Dividend per share | — |
| Earnings per share | $-1.04 |
| Book value per share | $-0.09 |
| Revenue per share | $0.03 |
| Shares outstanding | 28,435,950 |
| Audited years read | 3 |
Peers: the median of 45 filers with $50M+ revenue in crude petroleum & natural gas.
Classic signals · fiscal 2025Altman Z″ -20.63 distress zone 1968Piotroski F 4 of 9 middling 2000Beneish M not enough filed detail (needs receivables, cost of revenue, PP&E, depreciation, SG&A for two years)Sloan accruals -153.4% 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 HarborNew Era Energy & Digital sails as: Rotting at the dock
Health watch · 12 monthsEarlier statements no longer to be relied onDirector or officer change ×5
Tied up at the dock.
🌊 Visit the Bay →- filed earlier statements no longer to be relied on in the last 12 months
- liabilities exceed assets (often from years of share buybacks, not always distress)
- operating cash flow was negative (-$11.7M in FY2025)
- operating loss: a margin of -2767.5% 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.
- DEF 14A · 2026-11-05
- 8-K · 2026-10-29 · 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
- 8-K · 2026-10-08 · 1.01 Entry into a Material Definitive Agreement; 2.03 Creation of a Direct Financial Obligation; 3.02 Unregistered Sales of Equity Securities; 8.01 Other Events
- 8-K · 2026-09-24 · 1.01 Entry into a Material Definitive Agreement; 8.01 Other Events; 9.01 Financial Statements and Exhibits
- 8-K · 2026-09-21 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
- 8-K · 2026-08-17 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits
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 · ask about another company