Helio Corp /FL/
HLEO · Guided Missiles & Space Vehicles & Parts · 25.9M shares · EDGAR filings ↗
Grade
D42Micro-cap aerospace R&D holding company with essentially no cash, surviving on small convertible-note financings.
Strengths
- Flight-proven hardware deployed on Firefly Blue Ghost lunar mission; gross margin 75th pct
- Operates in a growing space market with government/commercial demand
Risks
- Cash of just ~$7k and current ratio 0.13 signal acute liquidity distress
- Reliant on repeated OID convertible notes; ROA -3.08 and 94th-pct ROE is a negative-equity artifact
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
23.8%
Operating margin
-95.4%
Net margin
-104.0%
Return on equity
99.3%
Return on assets
-308.5%
Revenue growth (QoQ)
-7.7%
Interest coverage
-466.2×
Current ratio
0.1×
Tangible book value
-$4M
Cash & investments
$7K
Stock comp / revenue
11.1%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-10 | Reg FDExhibits | filing ↗ |
| 2026-05-15 | Shareholder vote | filing ↗ |
| 2026-05-01 | Material agreementExhibits | filing ↗ |
| 2026-04-28 | Material agreementDebt obligation3.02Exhibits | filing ↗ |
| 2026-03-11 | Material agreement3.025.03Exhibits | filing ↗ |
| 2026-02-26 | Auditor changeReg FDExhibits | filing ↗ |
| 2026-02-12 | Debt accelerationReg FDExhibits | filing ↗ |
| 2026-01-27 | Exec/director changeReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-06-15 | 2026-04-30 | 0001683168-26-004832 ↗ |
| 8-K | 2026-06-10 | 2026-06-10 | 0001683168-26-004704 ↗ |
| 8-K | 2026-05-15 | 2026-05-11 | 0001213900-26-057683 ↗ |
| 8-K | 2026-05-01 | 2026-04-27 | 0001213900-26-051035 ↗ |
| 8-K | 2026-04-28 | 2026-04-22 | 0001213900-26-048545 ↗ |
| 10-Q | 2026-03-30 | 2026-01-31 | 0001213900-26-035941 ↗ |
| 8-K | 2026-03-11 | 2026-03-05 | 0001213900-26-026159 ↗ |
| 8-K | 2026-02-26 | 2026-02-21 | 0001213900-26-020758 ↗ |
| 10-K | 2026-02-17 | 2025-10-31 | 0001213900-26-016950 ↗ |
| 8-K | 2026-02-12 | 2026-02-07 | 0001213900-26-015666 ↗ |
| 8-K | 2026-01-27 | 2026-01-21 | 0001213900-26-008282 ↗ |
| 8-K | 2026-01-20 | 2026-01-19 | 0001213900-26-005608 ↗ |