What's New
Release notes for the platform. Currently on v1.8.0.
Research workspace
v1.8.0Latest- Rebuilt the site around a research-workspace design: an author-led homepage, a live worked example on Apple, and a clearer path from search to memo.
- Newly listed companies now appear in search as soon as they file with the SEC, and a company with no annual report yet shows a plain explanation instead of a blank page.
- The SEC ticker index now refreshes on its own, so a fresh listing is no longer missed until the next deploy.
- A methodology page and this changelog, so the sources and formulas behind each figure sit in one place.
Risk assessment
v1.7.0- A new Risks page: a rating-agency-style read combining a financial risk profile, sector context, and the company's own disclosed risk factors.
- Quantitative: Altman Z''-distress score, Piotroski F-score, and red-amber-green credit metrics (leverage, coverage, liquidity, cash runway, earnings-quality accruals) with the formula shown on each.
- Qualitative: the company's actual risk factors pulled verbatim from its 10-K (Item 1A), keyword-categorised and linked to the SEC filing, never summarised.
- Sector context: how the company's risk metrics compare to its peers, and a going-concern flag when the filing uses that language.
Analysts, Ownership & Dividends
v1.6.0- Analysts: sell-side consensus rating, mean/high/low price targets with implied upside, and forward estimates (the Bloomberg ANR / EE / ERN view).
- Ownership: institutional and insider holdings, public float and short interest, sourced from SEC filings for US names (the HDS view).
- Dividends: yield, rate, payout ratio, five-year average and ex-date (the DVD view).
- Coverage is honest: figures thin outside large-cap US names show clear "unavailable" states rather than blanks.
Markets tools
v1.5.0- A new Markets menu (hover to open) with five market tools: a stock screener, a markets overview, a sector heatmap, an economic calendar, and per-company technicals.
- Powered by TradingView, kept clearly separate from, and complementary to, the app's primary-source fundamentals.
Deal-memo depth
v1.4.0- Sources & Uses table on the LBO, with transaction fees funded as a use and pro-forma opening leverage.
- Underwriting scenarios: the base case bracketed by a strategic-buyer upside and a downturn downside, so returns read as a range, not a point estimate.
- Covenant-headroom stress panel testing each modeled year against a maintenance package (net leverage, interest coverage, DSCR).
- IC one-pager: a print-to-PDF deal summary composing the score, the returns range and the memo, reachable from the LBO page.
- This What's New page, a methodology page, and an in-app version marker.
Growth-company LBO
v1.3.0- Model high-growth companies with negative EBITDA on a revenue (EV/Revenue) basis, with a margin ramp to profitability and an EV/EBITDA exit once profitable.
- Honest guardrails: the return is framed as predicated on the operating assumptions rather than an unearned multiple re-rating.
Accounts & infrastructure
v1.2.0- Sign in with Google or GitHub.
- Institutional number presentation across the app (a diligence-grade tearsheet).
- Durable database and a hardened data pipeline.
Global coverage & polish
v1.1.0- Worldwide public companies (US, UK and Europe) with reporting-currency handling.
- Dark mode, mobile navigation and motion polish.
Platform launch
v1.0.0- Company dashboard, traceable KPIs and full financial statements.
- Valuation range, peer comparables and SEC filings.
- Editable five-year LBO with IRR / MoM and sensitivity grids.
- Transparent 0–100 deal score and a deterministic investment memo.
- Saved deals and company news.