REFLECT SCIENTIFIC, INC.
RSCF · Healthcare · $3.6M mkt cap · FY2023 filings · · No moat ·
Doesn't clear the bar
The five investor questions
2020–2023 (latest 4 aligned FYs; v3 window cap 5): revenue $2.8M to $1.1M, decreasing; diluted EPS 0.01 to -0.01, decreasing.
Median gross margin 61.6% over 10y, very stable.
Median ROIC -59.6%, above the 12% hurdle in 25% of years.
Net cash position — no leverage risk.
Owner earnings changed trend unclear over up to the ten most recent annual observations.
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.
- $89396
- $0.01
- $0.01
- $0.04
- 262% above value if growth stopped today
What today’s price assumes: owner earnings growing ~29%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).
How to read this
We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Among the current top-score group, the median current price is 238% above the zero-growth estimate across 49 of the current top 50 companies by Moat Score with both values.
Score records captured Sep 4, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOG, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, RMD, GRMN, PCTY, EAT, UI, SSD, MNST, DOCS, LRCX, MCO, CPRT, NTAP, NVDA, CORT, SFM, MPTI, ULTA, SN, ROL, CTAS, PAYC, IRMD, INTU, DECK, MORN, 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.
15 years of fundamentals
The business, in plain English
REFLECT SCIENTIFIC, INC. booked $1.1M of revenue in FY2023 in the Healthcare sector and kept 55.2% of it as gross profit — a high-margin business by that measure. After every other cost, −42.5% of each revenue dollar reached the bottom line.
Across the filed record, revenue shrank from $2.4M (FY2010) to $1.1M (FY2023) — about −6.0% a year compounded over 13 years.
It earned −60.1% on invested capital in the latest filed year, FY2023. Across the full 9-year measurable filed record, median ROIC was −59.1%. Over the v3 recent window (8 measurable filed years), median ROIC was −59.6%. The Returns on Capital filter above scores it 9/100.
RSCF's latest filed year, FY2023, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.
Put together: Pricing Power is the strongest of the five filters (94/100) and Returns on Capital the weakest (9/100), which is how RSCF lands at 39/100 — a None moat.
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.
Exact FY and FY-1 financing invested-capital inputs are required.
Exact FY and FY-1 financing invested-capital inputs are required.
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.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 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.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
No reported Form 4 transactions were found in the complete checked issuer window for RSCF, –. The totals and cluster result below are arithmetic over that certified window.
- $0 P purchases minus S sales only, Sep 4, 2025–Sep 4, 2026.
- 0 P / 0 S Only P and S are included; awards, gifts, exercises, withholding, and other mechanics are excluded.
- No Requires at least 3 distinct insiders with P purchases.
Transaction-code histogram
Supporting event counts for the same certified window, Sep 4, 2025–Sep 4, 2026.
- P
- 0
- S
- 0
- A
- 0
- F
- 0
- M
- 0
- G
- 0
- C
- 0
- J
- 0
- W
- 0
Retrieved .
Healthcare context
#377 of 708 scored Healthcare companies, ranked by Moat Score.
Nearest peers by Moat Score
- #375AVTX AVALO THERAPEUTICS, INC.39.2 out of 100, No moatNo moat
- #376SEPN Septerna, Inc.39.2 out of 100, No moatNo moat
- #378LYRA Lyra Therapeutics, Inc.39.1 out of 100, No moatNo moat
- #379ENDV ENDONOVO THERAPEUTICS, INC.39.1 out of 100, No moatNo moat
Compare RSCF with its nearest peers →All Healthcare companies on the Index →
Common questions about RSCF
- Does REFLECT SCIENTIFIC, INC. have an economic moat?
- Based on its FY2023 SEC filings, the Moat Index scores REFLECT SCIENTIFIC, INC. (RSCF) 39.1 out of 100 — below the Shallow-moat bar, so no 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 13, pricing power 94, returns on capital 9, balance-sheet safety 55, capital allocation 24.
- Is RSCF trading below the conservative owner-earnings estimate?
- The value if growth stopped today — a zero-growth baseline — is $0.01 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $0.04, that is 262% above value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has RSCF's Moat Score changed over time?
- The record logs 16 readings since Jul 17, 2026; the latest reads 39.1 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.