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APHOENITY INTERNATIONAL HOLDINGS INC.

LDSN · Technology · $2.2M mkt cap · FY2024 filings · · Shallow moat ·

Doesn't clear the bar

Shallow moat
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The five investor questions

—

Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend.

70

Median gross margin 78.5% over 4y, variable.

18

Median ROIC -142.6%, above the 12% hurdle in 50% of years.

55

Net cash position — no leverage risk.

44

Owner earnings changed trend unclear over up to the ten most recent annual observations, share count n/a.

The businessTrend component abstained: Fewer than two aligned fiscal years of revenue and diluted EPS are available; the filing history does not contain a measurable trend. The other four 20% weights were renormalized over the scored 80%.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
No price data
Not reported
Unavailable — insufficient owner-earnings data
Unavailable — insufficient growth-model data
$0.00
No price data

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. Flag status unavailable — four adjacent recent FY revenue observations are required.

Among the current top-score group, the median current price is 243% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.

Score records captured Oct 18, 2026.

Exactly which 50 companies?

FTNT, IBEX, META, MEDP, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, CPRT, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, DECK, MORN, INTU, JKHY, TPR, LGCY, DAL, GWW, ISRG, MPWR, LOPE

Missing a usable price or zero-growth estimate: ANF.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

9 years of fundamentals

The business, in plain English

LDSN's latest filed year, FY2024, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2016–FY2024 · 9 fiscal years, normalized from LDSN’s SEC filings

Sales, as filed$0 FY2024
$0$2.5M$5M2016201920222024
Revenue kept after cost of goods76.9% FY2021
0%50%2016201920222024
Standard ROIC or separately labeled Operating ROIC

Exact FY and FY-1 financing invested-capital inputs are required.

Exact FY and FY-1 financing invested-capital inputs are required.

Cash an owner could take out−$4.4M FY2021
−$5M$02016201920222024

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How APHOENITY INTERNATIONAL HOLDINGS INC. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$0 · UnavailableCost of revenue$0 · UnavailableGross profit$0 · UnavailableOperating income−$702499 · UnavailableIncome before tax−$764534 · UnavailableIncome tax$0 · UnavailableNet income−$810887 · UnavailableAs of 2024-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$0Unavailable
Cost of revenue$0Unavailable
$0Unavailable
−$702499Unavailable
Income before tax−$764534Unavailable
Income tax$0Unavailable
−$810887Unavailable
Source: · event Dec 31, 2024 · retrieved Oct 18, 2026 · annual-row source set
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Flagship explainer

What APHOENITY INTERNATIONAL HOLDINGS INC. owns — and owes

APHOENITY INTERNATIONAL HOLDINGS INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$12055100%
Cash and equivalents$12055100%
Stockholders’ equity−$110844−919%
Source: · event Dec 31, 2024 · retrieved Oct 18, 2026 · annual-row source set

Flagship explainer

What drives APHOENITY INTERNATIONAL HOLDINGS INC.’s return on equity?

One or more filed inputs needed for the five-factor decomposition are unavailable.

DuPont source inputs
InputValueFiscal yearSource
Net income−$810887FY2024
Income before tax−$764534FY2024
Operating income−$702499FY2024
Revenue$0FY2024
Ending assets$12055FY2024
Beginning assets$215425FY2023
Ending equity−$110844FY2024
Beginning equity−$1MFY2023
Source: · event Dec 31, 2024 · retrieved Oct 18, 2026 · annual-row source set

Flagship explainer

Where APHOENITY INTERNATIONAL HOLDINGS INC.'s cash went

APHOENITY INTERNATIONAL HOLDINGS INC.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$4960100%
Source: · event Dec 31, 2024 · retrieved Oct 18, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding APHOENITY INTERNATIONAL HOLDINGS INC.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 not retrieved

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalNot retrievedComparison not retrievedFiling not retrieved
Akre CapitalNot retrievedComparison not retrievedFiling not retrieved
Baupost GroupNot retrievedComparison not retrievedFiling not retrieved
Berkshire HathawayNot retrievedComparison not retrievedFiling not retrieved
Brave Warrior AdvisorsNot retrievedComparison not retrievedFiling not retrieved
Dodge & CoxNot retrievedComparison not retrievedFiling not retrieved
First EagleNot retrievedComparison not retrievedFiling not retrieved
FundsmithNot retrievedComparison not retrievedFiling not retrieved
Gardner Russo & QuinnNot retrievedComparison not retrievedFiling not retrieved
Gates Foundation TrustNot retrievedComparison not retrievedFiling not retrieved
Mairs & PowerNot retrievedComparison not retrievedFiling not retrieved
Markel / Markel-GaynerNot retrievedComparison not retrievedFiling not retrieved
Oakmark / Harris AssociatesNot retrievedComparison not retrievedFiling not retrieved
Pershing SquareNot retrievedComparison not retrievedFiling not retrieved
Polen CapitalNot retrievedComparison not retrievedFiling not retrieved
Sequoia / Ruane CunniffNot retrievedComparison not retrievedFiling not retrieved
Southeastern Asset ManagementNot retrievedComparison not retrievedFiling not retrieved
Tweedy, BrowneNot retrievedComparison not retrievedFiling not retrieved
Yacktman Asset ManagementNot retrievedComparison not retrievedFiling not retrieved

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source not retrieved · event Jun 30, 2026 · retrieved Oct 18, 2026

Flagship explainer

What APHOENITY INTERNATIONAL HOLDINGS INC. insiders reported

We could not retrieve insider activity for this rendering; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

15 logged readings since Sep 4, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale46.6 / 100
0406080100WideNarrowShallowNo moatSep 4, 2026Oct 18, 2026

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

None yet — LDSN has read Shallow moat for every logged capture since Sep 4, 2026.

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for LDSN.

Technology context

#363 of 752 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #361QRVO Qorvo, Inc.46.6Shallow moat
  2. #362BL BlackLine, Inc.46.6Shallow moat
  3. #364RELY Remitly Global, Inc.46.6Shallow moat
  4. #365SSTI SoundThinking, Inc.46.5Shallow moat

Compare LDSN with its nearest peers →All Technology companies on the Index →

Common questions about LDSN

Does APHOENITY INTERNATIONAL HOLDINGS INC. have an economic moat?
Based on its FY2024 SEC filings, the Moat Index scores APHOENITY INTERNATIONAL HOLDINGS INC. (LDSN) 46.6 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend not measurable from the filings, pricing power 70, returns on capital 18, balance-sheet safety 55, capital allocation 44.
How has LDSN's Moat Score changed over time?
The record logs 15 readings since Sep 4, 2026; the latest reads 46.6 out of 100 (shallow moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell LDSN. See the disclaimer.