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COCHW

Envoy Medical, Inc.
CIK 0001840877 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
84.6
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2025-12-31 ยท TRIGGERED84.6

Restatement predictor

F-Score 2.54 โ€” misstatement risk 2.5x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-23) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 2.538,
  "probability": 0.00939,
  "components": {
    "rsst": -0.5528,
    "drec": -0.0004,
    "dinv": -0.0161,
    "soft": 0.8791,
    "dcs": 0.0889,
    "droa": -0.9736,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1840877/000121390026032683/0001213900-26-032683-index.htm",
    "form": "10-K",
    "filed": "2026-03-23"
  }
}
P-05 ยท FY 2022-12-31 ยท ELEVATED65.0

Tax arbitrage

[FY2022 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 7.2% vs 21% statutory โ€” gap persistent across 1 of 1 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2024-04-01) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2022-12-31": 0.0724
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2022-12-31": 0.1376
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1840877/000121390024028894/0001213900-24-028894-index.htm",
    "form": "10-K",
    "filed": "2024-04-01"
  }
}
P-13 ยท FY 2025-12-31 ยท ELEVATED100.0

Zombie / distress

Interest coverage -14.01x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-23) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": -14.006,
    "2024-12-31": -23.598,
    "2023-12-31": null,
    "2022-12-31": null
  },
  "consecutive_years_below_1": 2,
  "altman_z_double_prime": -141.547,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -22270000,
    "interest_expense_t": 1590000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1840877/000121390026032683/0001213900-26-032683-index.htm",
    "form": "10-K",
    "filed": "2026-03-23"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN0.0

Earnings quality

Beneish M-Score -5.92 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-03-23) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -5.917,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.835,
    "GMI": 1,
    "AQI": 1.227,
    "SGI": 1.071,
    "DEPI": 0.529,
    "SGAI": 1,
    "LVGI": 2.068,
    "TATA": -0.649
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.5528,
  "inputs": {
    "revenue_t": 241000,
    "revenue_t1": 225000,
    "total_assets_t": 8558000,
    "net_income_t": -23756000,
    "cfo_t": -18201000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1840877/000121390026032683/0001213900-26-032683-index.htm",
    "form": "10-K",
    "filed": "2026-03-23"
  }
}