Mag Magna Corp
MGNC · Mining & Quarrying of Nonmetallic Minerals (No Fuels) · 15.5M shares · +9%/yr ↑ shares · EDGAR filings ↗
Grade
D42Sub-scale micro-cap with ~$50k revenue, stockholders' deficit, and funding solely from a related-party director loan.
Strengths
- Revenue grew off a tiny base as it began selling consulting/API services
- Operating losses are small in absolute terms
Risks
- Stockholders' deficit of $83k and current ratio 0.11 signal acute liquidity distress
- Positive 100th-pct ROE is a negative-equity artifact, not strength; reliant on director loans
Notable findings
- No interest coverageInterest coverage -26128.00 (cannot cover interest)
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -104.7%)
- Weak liquidityCurrent ratio 0.11 (<1)
- Chronic dilutionShare count +9%/yr over 1y (dilution)
- Revenue declineRevenue -100.0% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-104.7%
Net margin
-104.7%
Return on equity
62.7%
Return on assets
-36.2%
Revenue growth (QoQ)
-100.0%
Interest coverage
-26128.0×
Current ratio
0.1×
EBITDA
-$36K
Tangible book value
-$202K
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-05 | Material agreementDebt obligation3.02Exec/director changeExhibits | filing ↗ |
| 2026-03-31 | Material agreementOtherExhibits | filing ↗ |
| 2026-03-25 | Other | filing ↗ |
| 2026-03-18 | Material agreementExhibits | filing ↗ |
| 2026-03-09 | Material agreementDebt obligation3.02Exhibits | filing ↗ |
| 2026-02-13 | Exec/director change | filing ↗ |
| 2026-01-27 | Material agreement3.02Exec/director change5.03Shareholder voteExhibits | filing ↗ |
| 2026-01-27 | 5.01Exec/director change | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-04-01 | 0001683168-26-004573 ↗ |
| 8-K | 2026-03-31 | 2026-03-27 | 0001683168-26-002547 ↗ |
| 10-Q | 2026-03-26 | 2026-01-31 | 0001683168-26-002246 ↗ |
| 8-K | 2026-03-25 | 2026-03-25 | 0001683168-26-002187 ↗ |
| 8-K | 2026-03-18 | 2026-02-13 | 0001683168-26-001985 ↗ |
| 8-K | 2026-03-09 | 2026-02-25 | 0001683168-26-001616 ↗ |
| 8-K | 2026-02-13 | 2026-02-09 | 0001683168-26-001004 ↗ |
| 8-K | 2026-01-27 | 2026-01-05 | 0001683168-26-000557 ↗ |
| 8-K | 2026-01-27 | 2026-01-27 | 0001683168-26-000554 ↗ |
| 10-Q | 2026-01-27 | 2025-10-31 | 0001683168-26-000552 ↗ |
| 8-K | 2025-12-29 | 2025-12-29 | 0001949864-25-000032 ↗ |
| 10-Q | 2025-11-14 | 2025-07-31 | 0001949864-25-000026 ↗ |