← Examples

CGEH Capstone Green Energy Corp

Bankruptcy 2023-09-28
Peak Score
73.1
top 46% of tracked companies
control ceiling: 51.5 · methodology ↗
score IQR: 5.8–46.5
last flagged: 2010-06-14
latest filing: 2022-07-14
z-score vs own history: -0.7σ
latest score percentile: 55.0th

Phrase Escalation Score Over Time

Overlays:
Score (left axis)

Filing Pair Breakdown

Annual (10-K) and quarterly (10-Q) pairs combined · click any row to expand signals.

10-K 2020-06 → 2022-07 Pre-event
RF: 13957→14990w (7.4%)
10.4
10-K 2019-06 → 2020-06 Pre-event
RF: 13208→13957w (5.7%)
1.7
Most Anomalous Sentences semantic score: 7.533
"To the extent that the funds we now have on hand are insufficient to fund our future operating requirements, we would need to raise additional funds, through further public or private equity or debt financings depending upon prevailing market conditions."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: we may need to raise additional capital to fund operations
"Our available cash and proceeds from future financings, if any, that we may be able to obtain, may not be sufficient to fund our operating expenses, capital expenditures and other cash requirements."
distress relevance: 0.71 market specificity: 1.00 score: 0.711 risk_factors
anchor: our cash reserves may be insufficient to fund operations
"Depending on the continued impact of the crisis, further actions may be required to improve our cash position and capital structure."
distress relevance: 0.67 market specificity: 1.00 score: 0.670 risk_factors
anchor: we may need to raise additional capital to fund operations
"Due to such volatility, we may not be able to raise additional capital, if needed, on favorable terms, or at all."
distress relevance: 0.67 market specificity: 1.00 score: 0.670 risk_factors
anchor: we may need to raise additional capital to fund operations
"Any such lack of funds would affect our ability to continue to operate at current levels."
distress relevance: 0.66 market specificity: 1.00 score: 0.659 risk_factors
anchor: we may need to raise additional capital to fund operations
10-K 2018-06 → 2019-06 Pre-event
RF: 12457→13208w (6.0%)
46.5
Most Anomalous Sentences semantic score: 2.267
"We believe we will be able to support this production capacity level by adding additional shifts, which would increase working capital requirements, and making some additional capital expenditures when necessary."
distress relevance: 0.61 market specificity: 1.00 score: 0.615 mda
anchor: we may need to raise additional capital to fund operations
"Our cash, cash equivalents and restricted cash balances increased $10.3 million during the fiscal year ended March 31, 2019, compared to a decrease of $0.3 million during the fiscal year ended March 31, 2018."
distress relevance: 0.57 market specificity: 1.00 score: 0.574 mda
anchor: we are experiencing significant cash outflows
"We expect to continue to devote substantial capital resources to running our business and implementing the strategic changes summarized herein."
distress relevance: 0.56 market specificity: 1.00 score: 0.565 mda
anchor: we may need to raise additional capital to fund operations
"Based on our recent progress and assuming achievement of targeted cost reductions and product mix, pricing and performance and our increasing accessories, parts and service revenue with improved gross margins, our financial model indicates that we will achieve positive cash flow when we generate $25 million in quarterly revenue with a 25% gross margin."
distress relevance: 0.56 market specificity: 1.00 score: 0.560 mda
anchor: we are experiencing significant cash outflows
"During the fiscal year ended March 31, 2018, we used $8.6 million in cash in our operating activities, which consisted of a net loss for the period of $10.0 million and cash used for working capital of $2.8 million, offset by non‑cash adjustments of $4.2 million."
distress relevance: 0.56 market specificity: 1.00 score: 0.558 mda
anchor: we are experiencing significant cash outflows
10-K 2017-06 → 2018-06 Pre-event
RF: 10724→12457w (16.2%)
5.9
Most Anomalous Sentences semantic score: 2.133
"The decrease in cash, cash equivalents and restricted cash during Fiscal 2018 compared to the increase in cash, cash equivalents and restricted cash during the same period last year was because of higher cash generated from financing activities primarily from the issuance of common stock warrants and underwritten public offering during Fiscal 2017 as described below."
distress relevance: 0.67 market specificity: 1.00 score: 0.672 mda
anchor: cash and cash equivalents declined significantly
"Our cash, cash equivalents and restricted cash balances decreased $0.3 million during the fiscal year ended March 31, 2018, compared to an increase of $3.0 million during the fiscal year ended March 31, 2017."
distress relevance: 0.62 market specificity: 1.00 score: 0.617 mda
anchor: cash and cash equivalents declined significantly
"We believe we will be able to support this production capacity level by adding additional shifts, which would increase working capital requirements, and making some additional capital expenditures when necessary."
distress relevance: 0.61 market specificity: 1.00 score: 0.615 mda
anchor: we may need to raise additional capital to fund operations
"We expect to continue to devote substantial capital resources to running our business and implementing the strategic changes summarized herein."
distress relevance: 0.56 market specificity: 1.00 score: 0.565 mda
anchor: we may need to raise additional capital to fund operations
"Based on our recent progress and assuming achievement of targeted cost reductions and product mix, pricing and performance and our increasing accessories, parts and service revenue with improved gross margins, our financial model indicates that we will achieve positive cash flow when we generate $25 million in quarterly revenue with a 20% gross margin."
distress relevance: 0.56 market specificity: 1.00 score: 0.558 mda
anchor: we are experiencing significant cash outflows
10-K 2016-06 → 2017-06 Pre-event
RF: 9012→10724w (19.0%)
34.3
Most Anomalous Sentences semantic score: 2.967
"Furthermore, the Credit Agreements contained financial covenants, including (i) a requirement not to exceed specified levels of losses, (ii) a requirement to maintain a substantial minimum monthly cash balance to outstanding line of credit advances based upon our financial performance, and (iii) limitations on our annual capital expenditures."
distress relevance: 0.65 market specificity: 1.00 score: 0.651 mda
anchor: our debt covenants restrict our ability to operate
"We believe we will be able to support this production capacity level by adding additional shifts, which would increase working capital requirements, and making some additional capital expenditures."
distress relevance: 0.62 market specificity: 1.00 score: 0.622 mda
anchor: we may need to raise additional capital to fund operations
"The Credit Agreements included affirmative covenants as well as negative covenants that prohibit a variety of actions without Wells Fargo’s consent, including covenants that limit our ability to (a) incur or guarantee debt, (b) create liens, (c) enter into any merger, recapitalization or similar transaction or purchase all or substantially all of the assets or stock of another entity, (d) pay divi"
distress relevance: 0.62 market specificity: 1.00 score: 0.621 mda
anchor: our debt covenants restrict our ability to operate
"As of March 31, 2017, we were in compliance with the covenants contained in the amended Credit Agreements for Fiscal 2017."
distress relevance: 0.62 market specificity: 1.00 score: 0.618 mda
anchor: we may be in breach of our financial covenants
"Our cash, cash equivalents and restricted cash balances increased $3.0 million during the year ended March 31, 2017, compared to a decrease of $15.5 million during the year ended March 31, 2016."
distress relevance: 0.59 market specificity: 1.00 score: 0.586 mda
anchor: we are experiencing significant cash outflows
10-K 2015-06 → 2016-06 Pre-event
RF: 8313→9012w (8.4%)
7.5
Most Anomalous Sentences semantic score: 7.933
"Our management concluded that our internal controls over financial reporting were ineffective as of March 31, 2014 because a material weakness was detected which related to our risk assessment process."
distress relevance: 0.79 market specificity: 1.00 score: 0.793 risk_factors
anchor: material weakness in internal control over financial reporting
"If we cannot adequately maintain the effectiveness of our internal controls over financial reporting, we might be subject to sanctions or investigation by regulatory authorities, such as the SEC."
distress relevance: 0.76 market specificity: 1.00 score: 0.764 risk_factors
anchor: our internal controls over financial reporting are not effective
"To the extent that the funds we now have on hand are insufficient to fund our future operating requirements, we would need to raise additional funds, through further public or private equity or debt financings depending upon prevailing market conditions."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: we may need to raise additional capital to fund operations
"We may in the future identify further material weaknesses in our internal controls over financial reporting that we have not discovered to date."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: material weakness in internal control over financial reporting
"We cannot be certain of the future effectiveness of our internal controls over financial reporting."
distress relevance: 0.73 market specificity: 1.00 score: 0.730 risk_factors
anchor: our internal controls over financial reporting are not effective
10-K 2014-06 → 2015-06 Pre-event
RF: 8178→8313w (1.7%)
51.5
Most Anomalous Sentences semantic score: 8.264
"Our management concluded that our internal controls over financial reporting were ineffective as of March 31, 2014 because a material weakness was detected which related to our risk assessment process."
distress relevance: 0.79 market specificity: 1.00 score: 0.793 risk_factors
anchor: material weakness in internal control over financial reporting
"If we cannot adequately maintain the effectiveness of our internal controls over financial reporting, we might be subject to sanctions or investigation by regulatory authorities, such as the SEC."
distress relevance: 0.76 market specificity: 1.00 score: 0.764 risk_factors
anchor: our internal controls over financial reporting are not effective
"We may in the future identify further material weaknesses in our internal controls over financial reporting that we have not discovered to date."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: material weakness in internal control over financial reporting
"We cannot be certain of the future effectiveness of our internal controls over financial reporting."
distress relevance: 0.73 market specificity: 1.00 score: 0.730 risk_factors
anchor: our internal controls over financial reporting are not effective
"Our available cash and proceeds from future financings, if any, that we may be able to obtain, may not be sufficient to fund our operating expenses, capital expenditures and other cash requirements."
distress relevance: 0.71 market specificity: 1.00 score: 0.711 risk_factors
anchor: our cash reserves may be insufficient to fund operations
10-K 2013-06 → 2014-06 Pre-event
RF: 7976→8178w (2.5%)
27.0
Most Anomalous Sentences semantic score: 8.326
"We have identified a material weakness in our internal controls over financial reporting which existed as of March 31, 2014."
distress relevance: 0.85 market specificity: 1.00 score: 0.851 risk_factors
anchor: material weakness in internal control over financial reporting
"If we cannot adequately maintain the effectiveness of our internal controls over financial reporting, we might be subject to sanctions or investigation by regulatory authorities, such as the SEC."
distress relevance: 0.76 market specificity: 1.00 score: 0.764 risk_factors
anchor: our internal controls over financial reporting are not effective
"To the extent that the funds we now have on hand are insufficient to fund our future operating requirements, we would need to raise additional funds, through further public or private equity or debt financings depending upon prevailing market conditions."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: we may need to raise additional capital to fund operations
"In addition, we may in the future identify further material weaknesses in our internal controls over financial reporting that we have not discovered to date."
distress relevance: 0.72 market specificity: 1.00 score: 0.718 risk_factors
anchor: material weakness in internal control over financial reporting
"We could seek to raise funds by selling additional securities to the public or to selected investors, or by obtaining additional debt financing."
distress relevance: 0.71 market specificity: 1.00 score: 0.714 mda
anchor: we may need to raise additional capital to fund operations
10-K 2012-06 → 2013-06 Pre-event
RF: 7798→7976w (2.3%)
7.9
Most Anomalous Sentences semantic score: 8.03
"We cannot be certain that our internal controls over financial reporting will remain effective or that future material changes to our internal controls will be effective."
distress relevance: 0.79 market specificity: 1.00 score: 0.786 risk_factors
anchor: our internal controls over financial reporting are not effective
"If we cannot adequately maintain the effectiveness of our internal controls over financial reporting, we might be subject to sanctions or investigation by regulatory authorities, such as the SEC."
distress relevance: 0.76 market specificity: 1.00 score: 0.764 risk_factors
anchor: our internal controls over financial reporting are not effective
"To the extent that the funds we now have on hand are insufficient to fund our future operating requirements, we would need to raise additional funds, through further public or private equity or debt financings depending upon prevailing market conditions."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: we may need to raise additional capital to fund operations
"We could seek to raise funds by selling additional securities to the public or to selected investors, or by obtaining additional debt financing."
distress relevance: 0.71 market specificity: 1.00 score: 0.714 mda
anchor: we may need to raise additional capital to fund operations
"Our available cash and proceeds from future financings, if any, that we may be able to obtain, may not be sufficient to fund our operating expenses, capital expenditures and other cash requirements."
distress relevance: 0.71 market specificity: 1.00 score: 0.711 risk_factors
anchor: our cash reserves may be insufficient to fund operations
10-K 2011-06 → 2012-06 Pre-event
RF: 7697→7798w (1.3%)
31.7
Most Anomalous Sentences semantic score: 8.491
"We cannot be certain that our internal controls over financial reporting will remain effective or that future material changes to our internal controls will be effective."
distress relevance: 0.79 market specificity: 1.00 score: 0.786 risk_factors
anchor: our internal controls over financial reporting are not effective
"If we cannot adequately maintain the effectiveness of our internal controls over financial reporting, we might be subject to sanctions or investigation by regulatory authorities, such as the SEC."
distress relevance: 0.76 market specificity: 1.00 score: 0.764 risk_factors
anchor: our internal controls over financial reporting are not effective
"To the extent that the funds we now have on hand are insufficient to fund our future operating requirements, we would need to raise additional funds, through further public or private equity or debt financings depending upon prevailing market conditions."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: we may need to raise additional capital to fund operations
"Our available cash and proceeds from future financings, if any, that we may be able to obtain, may not be sufficient to fund our operating expenses, capital expenditures and other cash requirements."
distress relevance: 0.71 market specificity: 1.00 score: 0.711 risk_factors
anchor: our cash reserves may be insufficient to fund operations
"Two of our top distributors are located in Russia and Belgium, and therefore we are particularly susceptible to risks associated with doing business in these two We cannot be certain of the future effectiveness of our internal controls over financial reporting or the impact thereof on our operations or the market price of our common Pursuant to Section 404 of the Sarbanes-Oxley Act of 2002, we are"
distress relevance: 0.71 market specificity: 1.00 score: 0.708 risk_factors
anchor: our internal controls over financial reporting are not effective
10-K 2010-06 → 2011-06 Pre-event
RF: 7095→7697w (8.5%)
5.8
Most Anomalous Sentences semantic score: 9.413
"We cannot be certain that our internal controls over financial reporting will remain effective or that future material changes to our internal controls will be effective."
distress relevance: 0.79 market specificity: 1.00 score: 0.786 risk_factors
anchor: our internal controls over financial reporting are not effective
"If we cannot adequately maintain the effectiveness of our internal controls over financial reporting, we might be subject to sanctions or investigation by regulatory authorities, such as the SEC."
distress relevance: 0.76 market specificity: 1.00 score: 0.764 risk_factors
anchor: our internal controls over financial reporting are not effective
"As a result, this would affect our ability to continue as a going concern."
distress relevance: 0.75 market specificity: 1.00 score: 0.748 risk_factors
anchor: substantial doubt about our ability to continue as a going concern
"If we are unable to improve our performance in the areas discussed above and successfully meet our financial covenant, we may need to raise additional funds in the near term."
distress relevance: 0.75 market specificity: 1.00 score: 0.747 mda
anchor: we may need to raise additional capital to fund operations
"To the extent that the funds we now have on hand are insufficient to fund our future operating requirements, we would need to raise additional funds, through further public or private equity or debt financings depending upon prevailing market conditions."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: we may need to raise additional capital to fund operations
10-K 2009-06 → 2010-06 Pre-event
RF: 6663→7095w (6.5%)
54.4
Most Anomalous Sentences semantic score: 9.016
"We cannot be certain that our internal controls over financial reporting will remain effective or that future material changes to our internal controls will be effective."
distress relevance: 0.79 market specificity: 1.00 score: 0.786 risk_factors
anchor: our internal controls over financial reporting are not effective
"If we cannot adequately maintain the effectiveness of our internal controls over financial reporting, we might be subject to sanctions or investigation by regulatory authorities, such as the SEC."
distress relevance: 0.76 market specificity: 1.00 score: 0.764 risk_factors
anchor: our internal controls over financial reporting are not effective
"As a result, this would affect our ability to continue as a going concern."
distress relevance: 0.75 market specificity: 1.00 score: 0.748 risk_factors
anchor: substantial doubt about our ability to continue as a going concern
"To the extent that the funds we now have on hand are insufficient to fund our future operating requirements, we would need to raise additional funds, through further public or private equity or debt financings depending upon prevailing market conditions."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: we may need to raise additional capital to fund operations
"We could seek to raise such funds by selling additional securities to the public or to selected investors, or by obtaining debt financing."
distress relevance: 0.73 market specificity: 1.00 score: 0.734 mda
anchor: we may need to raise additional capital to fund operations
10-K 2008-06 → 2009-06 Pre-event
RF: 6122→6663w (8.8%)
73.1
Most Anomalous Sentences semantic score: 8.642
"Although we believe that we currently have adequate internal controls procedures in place, we cannot be certain that our internal controls over financial reporting will remain effective or that future material changes to our internal controls will be effective."
distress relevance: 0.81 market specificity: 1.00 score: 0.812 risk_factors
anchor: our internal controls over financial reporting are not effective
"If we cannot adequately maintain the effectiveness of our internal controls over financial reporting, we might be subject to sanctions or investigation by regulatory authorities, such as the SEC."
distress relevance: 0.76 market specificity: 1.00 score: 0.764 risk_factors
anchor: our internal controls over financial reporting are not effective
"However, if our anticipated cash needs change, it is possible that we may decide to raise additional capital in the future."
distress relevance: 0.75 market specificity: 1.00 score: 0.749 mda
anchor: we may need to raise additional capital to fund operations
"As a result, this would affect our ability to continue as a going concern."
distress relevance: 0.75 market specificity: 1.00 score: 0.748 risk_factors
anchor: substantial doubt about our ability to continue as a going concern
"To the extent that the funds we now have on hand are insufficient to fund our future operating requirements, we would need to raise additional funds, through further public or private equity or debt financings depending upon prevailing market conditions."
distress relevance: 0.75 market specificity: 1.00 score: 0.746 risk_factors
anchor: we may need to raise additional capital to fund operations
10-K 2006-06 → 2008-06 Pre-event
RF: 5983→6122w (2.3%)
40.4
10-K 2005-06 → 2006-06 Pre-event
30.7
10-K 2004-06 → 2005-06 Pre-event
0.0
Most Anomalous Sentences semantic score: 2.831
"We believe that our current cash balance is sufficient to fund operating losses and our currently projected commitments to reach the point of positive cash flow."
distress relevance: 0.62 market specificity: 1.00 score: 0.623 mda
anchor: we are experiencing significant cash outflows
"Accordingly, the assets have been written down to this market value and a loss on assets held for sale of $614,000 was recorded in Cost of Goods Sold."
distress relevance: 0.60 market specificity: 1.00 score: 0.598 mda
anchor: unrealized losses on our available-for-sale securities portfolio
"We recorded a $0.6 million loss in fiscal 2005 on assets held for sale as of March 31, 2005."
distress relevance: 0.58 market specificity: 1.00 score: 0.580 mda
anchor: significant unrealized losses that would be realized if we sold securities
"We expect to continue to devote substantial capital resources to running our business and creating the strategic changes summarized herein."
distress relevance: 0.58 market specificity: 1.00 score: 0.577 mda
anchor: we may need to raise additional capital to fund operations
"We anticipate that as a result of our efforts to build sales and margins while controlling costs we will lower our cash usage."
distress relevance: 0.57 market specificity: 1.00 score: 0.566 mda
anchor: we are experiencing significant cash outflows
10-K 2003-03 → 2004-06 Pre-event
5.5
Most Anomalous Sentences semantic score: 3.714
"We believe that our current cash balance is sufficient to fund operating losses and our currently projected commitments to reach the point of cash flow positive."
distress relevance: 0.62 market specificity: 1.00 score: 0.625 mda
anchor: we are experiencing significant cash outflows
"The decrease was primarily attributable to lower cash balances and lower interest rates."
distress relevance: 0.59 market specificity: 1.00 score: 0.592 mda
anchor: cash and cash equivalents declined significantly
"We expect to continue to devote substantial capital resources to running our business and creating the strategic changes summarized herein."
distress relevance: 0.58 market specificity: 1.00 score: 0.577 mda
anchor: we may need to raise additional capital to fund operations
"The decrease was primarily attributable to the lower cash balances and lower interest rates in 2002."
distress relevance: 0.54 market specificity: 1.00 score: 0.540 mda
anchor: cash and cash equivalents declined significantly
"In Fiscal 2004, we had no impairment loss; inventory write-downs were $0.9 million; and warranty charges were $9.8 million."
distress relevance: 0.54 market specificity: 1.00 score: 0.536 mda
anchor: material impairment charges on our investment portfolio
10-K 2002-03 → 2003-03 Pre-event
58.5
Most Anomalous Sentences semantic score: 3.75
"We believe that our current cash balance of $140.3 million is sufficient to fund operating losses and our currently projected commitments to reach the point of Inventory, including non-current portion of $6.8 million, decreased $6.1 million to $15.9 million as of December 31, 2002 compared to $22.0 million as of December 31, 2001."
distress relevance: 0.59 market specificity: 1.00 score: 0.589 mda
anchor: we are experiencing significant cash outflows
"We have taken actions to further reduce our cost structure, resizing the business to support current needs and future plans and lowering our cash usage."
distress relevance: 0.58 market specificity: 1.00 score: 0.578 mda
anchor: we are closing stores and reducing our footprint
"As a result, provisions for inventory losses of $4.8 million in 2002, $2.9 million in 2001 and $0.4 million in 2000 were charged to operations to write-down inventory to its net realizable value."
distress relevance: 0.57 market specificity: 1.00 score: 0.571 mda
anchor: significant unrealized losses that would be realized if we sold securities
"We have financed our operations and investing activities primarily through private and public equity issuances."
distress relevance: 0.56 market specificity: 1.00 score: 0.562 mda
anchor: we may need to raise additional capital to fund operations
"While we are working to reduce our cash spending rates, we expect to continue to devote substantial capital resources to running our business, including continuing the development of our sales and marketing programs and continuing our R&D activities."
distress relevance: 0.55 market specificity: 1.00 score: 0.552 mda
anchor: we may need to raise additional capital to fund operations
10-K 2001-04 → 2002-03 Pre-event
2.9

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