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Highlight a passage in the filing excerpt on the right. The composer opens with the quote frozen as your anchor. Position disclosure is mandatory — the database refuses NULL.
@accruals_anon Short 4h ago
"…shipment-not-recognized adjustments of $11.2M reduced revenue from gross deliveries…" ↳ 10-K · Item 7 · ¶3
The 'shipment-not-recognized' line is doing a lot of work here. In FY24 it was $1.8M; this year $11.2M. That's not a one-time adjustment, that's a pattern. The auditors flagged it; the filing buries it.
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@ev_skeptic No position 11h ago
"…going-concern considerations remain material to our liquidity outlook…" ↳ 10-K · Item 9A · ¶1
Worth noting: "material to our liquidity outlook" is not the same as "substantial doubt." Auditors used the softer phrasing. That choice is itself disclosable under PCAOB AS 2415 — and it isn't disclosed here.
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@longterm_holder Long 1d ago
"…federal hydrogen production tax credits beginning in 2026…" ↳ 10-K · Item 1 · ¶14
Disagree with the 'Red Flags' framing. The tax-credit story is structural and the company has line-of-sight on it. The forensic scores miss forward-looking optionality. Going to be wrong about this one, I think.
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