Valuation for BLIS - findataslice

	NAPC Defense, Inc. (BLIS)
	Q3-CY2026	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014
Balance Sheet Date			2026-Apr-30	2026-Jan-31	2025-Oct-31	2025-Jul-31	2025-Apr-30	2025-Jan-31	2024-Oct-31	2024-Jul-31	2024-Apr-30	2024-Jan-31											2021-Apr-30	2021-Jan-31	2020-Oct-31	2020-Jul-31	2020-Apr-30	2020-Jan-31	2019-Oct-31	2019-Jul-31	2019-Apr-30	2019-Jan-31	2018-Oct-31	2018-Jul-31	2018-Apr-30	2018-Jan-31	2017-Oct-31
Fiscal Period			Q4-FY2026	Q3-FY2026	Q2-FY2026	Q1-FY2026	Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024											Q4-FY2021	Q3-FY2021	Q2-FY2021	Q1-FY2021	Q4-FY2020	Q3-FY2020	Q2-FY2020	Q1-FY2020	Q4-FY2019	Q3-FY2019	Q2-FY2019	Q1-FY2019	Q4-FY2018	Q3-FY2018	Q2-FY2018
Close Price of Common Stock
Market Cap of Common Stock
QoQ%
YoY%
Common Shares Outstanding	491,254,930		444,899,171	375,182,322	334,633,460	271,380,682	238,251,927	231,251,936	188,860,982	186,934,839	168,400,302	65,184,039	54,803,777	54,803,777	43,815,090	18,019,025	16,588,502	11,155,169	9,488,502		9,296,502		8,146,502	7,646,502	7,754,836	7,396,502	7,396,502	8,159,577	5,491,002	5,035,000	5,035,000	5,035,000	503,500	5,035,000	5,035,000	4,885,000	3,000,000		3,000,000
QoQ%			18.58%	12.12%	23.31%	13.91%	3.03%	22.45%	1.03%	11.01%	158.35%	18.94%	.00%	25.08%	143.16%	8.62%	48.71%	17.57%					6.54%	(1.40%)	4.85%	.00%	(9.35%)	48.60%	9.06%	.00%	.00%	900.00%	(90.00%)	.00%	3.07%	62.83%
YoY%	46.80%		86.74%	62.24%	77.19%	45.17%	41.48%	254.77%	244.61%	241.10%	284.34%	261.75%	230.37%	391.29%	361.77%		78.44%		16.47%		19.88%		10.14%	(6.29%)	41.23%	46.90%	46.90%	62.06%	990.57%	.00%	.00%	3.07%	(83.22%)		67.83%
Price to Sales
Price to Earnings
Price to Book
Total Revenue							(67,467$)	0$	0$	67,467$				0$									0$	0$	82,500$						0$	0$	0$	14,150$	200$	5,000$	5,000$	5,000$	0$	0$
QoQ%							.00%	.00%	(100.00%)														.00%	(100.00%)							.00%	.00%	(100.00%)	6,975.00%	(96.00%)	.00%	.00%	.00%	.00%
YoY%										.00%																					(100.00%)	(100.00%)	(100.00%)	183.00%	.00%	.00%
TTM							0$																								14,150$	14,350$	19,350$	24,350$	15,200$	15,000$	10,000$
TTM_QoQ%																															(1.39%)	(25.84%)	(20.53%)	60.20%	1.33%	50.00%
TTM_YoY%																															(6.91%)	(4.33%)	93.50%
Gross Margin							100.00%			100.00%															100.00%									100.00%	94.50%	100.00%	100.00%	100.00%
QoQ																																		5.50%	(5.50%)	.00%	.00%
YoY																																		.00%
Operating Income			(933,549$)	(152,297$)	(700,947$)	(258,059$)	(1,773,229$)	(259,498$)	(182,390$)	(247,503$)	78,719$	(74,865$)	(143,973$)	(243,888$)	(181,721$)	(14,785$)							(95,870$)	(132,795$)	(174,573$)	(200,730$)	(321,085$)	(148,864$)	(119,788$)	(2,500$)	(36,995$)	(11,136$)	(595$)	(1,046$)
QoQ%			(512.98%)	78.27%	(171.62%)	85.45%	(583.33%)	(42.28%)	26.31%	(414.41%)	205.15%	48.00%	40.97%	(34.21%)	(1,129.09%)								27.81%	23.93%	13.03%	37.48%	(115.69%)	(24.27%)	(4,691.52%)	93.24%	(232.21%)	(1,771.60%)	43.12%
YoY%			47.35%	41.31%	(284.31%)	(4.27%)	(2,352.61%)	(246.62%)	(26.68%)	(1.48%)	143.32%	(406.36%)											70.14%	10.79%	(45.74%)	(7,929.20%)	(767.92%)	(1,236.78%)	(20,032.44%)	(139.01%)
TTM			(2,044,852$)	(2,884,532$)	(2,991,733$)	(2,473,176$)	(2,462,620$)	(610,672$)	(426,039$)	(387,622$)	(384,007$)	(644,447$)	(584,367$)										(603,968$)	(829,183$)	(845,252$)	(790,467$)	(592,237$)	(308,147$)	(170,419$)	(51,226$)	(49,772$)
TTM_QoQ%			29.11%	3.58%	(20.97%)	(.43%)	(303.26%)	(43.34%)	(9.91%)	(.94%)	40.41%	(10.28%)											27.16%	1.90%	(6.93%)	(33.47%)	(92.19%)	(80.82%)	(232.68%)	(2.92%)
TTM_YoY%			16.96%	(372.35%)	(602.22%)	(538.04%)	(541.30%)	5.24%	27.09%														(1.98%)	(169.09%)	(395.99%)	(1,443.10%)	(1,089.90%)
Operating Margin							2,628.29%			(366.85%)															(211.60%)									(7.39%)
QoQ
YoY
Net Income			(1,110,442$)	(290,266$)	(897,416$)	(584,252$)	(1,848,003$)	(639,212$)	(453,921$)	(435,863$)	(204,272$)	(87,746$)	(161,489$)	(258,479$)	(577,921$)	(13,966$)	(200,879$)	(148,359$)					(158,203$)	(132,795$)	(92,073$)	(200,730$)	(321,085$)	(148,864$)	(119,788$)	(2,500$)	(36,995$)	(11,136$)	(595$)	(1,046$)	(18,734$)	(18,043$)	1,251$	(3,930$)	(251$)	0$
QoQ%			(282.56%)	67.66%	(53.60%)	68.39%	(189.11%)	(40.82%)	(4.14%)	(113.37%)	(132.80%)	45.66%	37.52%	55.27%	(4,038.06%)	93.05%	(35.40%)						(19.13%)	(44.23%)	54.13%	37.48%	(115.69%)	(24.27%)	(4,691.52%)	93.24%	(232.21%)	(1,771.60%)	43.12%	94.42%	(3.83%)	(1,542.29%)	131.83%	(1,465.74%)	.00%
YoY%			39.91%	54.59%	(97.70%)	(34.05%)	(804.68%)	(628.48%)	(181.09%)	(68.63%)	64.65%	(528.28%)	19.61%	(74.23%)									50.73%	10.79%	23.14%	(7,929.20%)	(767.92%)	(1,236.78%)	(20,032.44%)	(139.01%)	(97.48%)	38.28%	(147.56%)	73.38%	(7,363.75%)	.00%
TTM			(2,882,376$)	(3,619,937$)	(3,968,883$)	(3,525,388$)	(3,376,999$)	(1,733,268$)	(1,181,802$)	(889,370$)	(711,986$)	(1,085,635$)	(1,011,855$)	(1,051,245$)	(941,125$)								(583,801$)	(746,683$)	(762,752$)	(790,467$)	(592,237$)	(308,147$)	(170,419$)	(51,226$)	(49,772$)	(31,511$)	(38,418$)	(36,572$)	(39,456$)	(20,973$)	(2,930$)
TTM_QoQ%			20.38%	8.79%	(12.58%)	(4.39%)	(94.83%)	(46.66%)	(32.88%)	(24.91%)	34.42%	(7.29%)	3.75%	(11.70%)									21.81%	2.11%	3.51%	(33.47%)	(92.19%)	(80.82%)	(232.68%)	(2.92%)	(57.95%)	17.98%	(5.05%)	7.31%	(88.13%)	(615.80%)
TTM_YoY%			14.65%	(108.85%)	(235.83%)	(296.39%)	(374.31%)	(59.66%)	(16.80%)	15.40%	24.35%												1.42%	(142.31%)	(347.58%)	(1,443.10%)	(1,089.90%)	(877.90%)	(343.59%)	(40.07%)	(26.15%)	(50.25%)	(1,211.20%)
Profit Margin							2,739.12%			(646.04%)															(111.60%)									(7.39%)	(9,367.00%)	(360.86%)	25.02%	(78.60%)
QoQ																																		9,359.61%	(9,006.14%)	(385.88%)	103.62%
YoY																																		71.21%
Equity to Common Shareholders			(2,097,219$)	(1,611,451$)	(1,744,727$)	(1,445,841$)	(1,146,674$)	580,619$	625,864$	944,355$	769,271$	(866,093$)	(945,303$)	(863,776$)	(799,121$)	(982,081$)	(1,007,178$)	(969,299$)	(870,940$)				765,014$	698,218$	706,013$	758,836$	663,361$	36,446$	(18,940$)	(47,652$)	(45,152$)	(8,157$)	2,979$	3,575$	3,430$	19,164$	(493$)		2,186$
QoQ			(485,768$)	133,276$	(298,886$)	(299,167$)	(1,727,293$)	(45,245$)	(318,491$)	175,084$	1,635,364$	79,210$	(81,527$)	(64,655$)	182,960$	25,097$	(37,879$)	(98,359$)					66,796$	(7,795$)	(52,823$)	95,475$	626,915$	55,386$	28,712$	(2,500$)	(36,995$)	(11,136$)	(596$)	145$	(15,734$)	19,657$
QoQ%			(30.15%)	7.64%	(20.67%)	(26.09%)	(297.49%)	(7.23%)	(33.73%)	22.76%	188.82%	8.38%	(9.44%)	(8.09%)	18.63%	2.49%	(3.91%)	(11.29%)					9.57%	(1.10%)	(6.96%)	14.39%	1,720.12%	292.43%	60.25%	(5.54%)	(453.54%)	(373.82%)	(16.67%)	4.23%	(82.10%)	3,987.22%
YoY			(950,545$)	(2,192,070$)	(2,370,591$)	(2,390,196$)	(1,915,945$)	1,446,712$	1,571,167$	1,808,131$	1,568,392$	115,988$	61,875$	105,523$	71,819$				(1,635,954$)				101,653$	661,772$	724,953$	806,488$	708,513$	44,603$	(21,919$)	(51,227$)	(48,582$)	(27,321$)	3,472$		1,244$
YoY%			(82.90%)	(377.54%)	(378.77%)	(253.10%)	(249.06%)	167.04%	166.21%	209.33%	196.27%	11.81%	6.14%	10.89%	8.25%				(213.85%)				15.32%	1,815.76%	3,827.63%	1,692.45%	1,569.17%	546.81%	(735.78%)	(1,432.92%)	(1,416.39%)	(142.56%)	704.26%		56.91%
Dividends Paid
Additional Paid-In Capital QoQ			693,922$	382,492$	535,277$	371,517$	219,675$	551,575$	108,520$	592,412$	1,646,267$												124,688$	124,562$	0$	202,455$	869,263$	201,581$	148,044$	0$	0$	0$	0$	0$	2,850$
Treasury Stock
QoQ
Goodwill
QoQ%
YoY%
Other Intangible Assets			4,676$	5,242$	5,826$	6,411$																	636,000$	636,000$	636,000$	636,000$	636,000$				0$				21,286$
QoQ			(566$)	(584$)	(585$)																		0$	0$	0$	0$
Amortization of Intangible Assets
Total Assets			881,642$	163,072$	140,429$	136,902$	16,452$	1,631,686$	1,628,919$	3,164,231$	1,814,331$	149,038$			368,817$								870,934$	770,071$	777,866$	871,189$	790,714$	118,299$	62,913$	0$	0$	17,720$	18,909$	20,097$	29,493$	22,474$	5,027$		2,642$
QoQ			718,570$	22,643$	3,527$	120,450$	(1,615,234$)	2,767$	(1,535,312$)	1,349,900$	1,665,293$												100,863$	(7,795$)	(93,323$)	80,475$	672,415$	55,386$	62,913$	0$	(17,720$)	(1,189$)	(1,188$)	(9,396$)	7,019$	17,447$
YoY			865,190$	(1,468,614$)	(1,488,490$)	(3,027,329$)	(1,797,879$)	1,482,648$			1,445,514$												80,220$	651,772$	714,953$	871,189$	790,714$	100,579$	44,004$	(20,097$)	(29,493$)	(4,754$)	13,882$		26,851$
Total Liabilities			2,978,861$	1,774,523$	1,885,156$	1,582,743$	1,163,126$	1,051,067$	1,003,055$	2,219,876$	1,045,060$	1,015,131$			1,167,938$								105,920$	71,853$	71,853$	112,353$	127,353$	81,853$	81,853$	47,652$	45,152$	18,066$	19,733$	21,447$	26,063$	29,727$	15,753$		10,039$
QoQ			1,204,338$	(110,633$)	302,413$	419,617$	112,059$	48,012$	(1,216,821$)	1,174,816$	29,929$												34,067$	0$	(40,500$)	(15,000$)	45,500$	0$	34,201$	2,500$	27,086$	(1,667$)	(1,714$)	(4,616$)	(3,664$)	13,974$
YoY			1,815,735$	723,456$	882,101$	(637,133$)	118,066$	35,936$			(122,878$)												(21,433$)	(10,000$)	(10,000$)	64,701$	82,201$	63,787$	62,120$	26,205$	19,089$	(11,661$)	3,980$		16,024$
Current Ratio			.28x	.04x	.03x	.02x	.01x	.01x	.01x	.10x	.05x				.18x								1.87x	.31x	.25x	.88x	.05x	.78x	.06x		-	.01x	.05x	.07x	.31x	.69x	.65x		.94x
Total Current Assets			808,879$	69,166$	49,115$	27,708$	16,452$	15,686$	12,919$	111,518$	54,599$				206,722$								197,761$	22,432$	18,095$	99,285$	6,678$	63,963$	4,945$		0$	346$	824$	1,350$	8,207$	7,253$	10,233$		7,397$
QoQ			739,713$	20,051$	21,407$	11,256$	766$	2,767$	(98,599$)	56,919$													175,329$	4,337$	(81,190$)	92,607$	(57,285$)	59,018$			(346$)	(478$)	(526$)	(6,857$)	954$	(2,980$)
Total Current Liabilities			2,936,045$	1,722,955$	1,825,051$	1,514,311$	1,163,126$	1,051,067$	1,003,055$	1,079,785$	1,045,060$	1,015,131$			1,167,938$								105,920$	71,853$	71,853$	112,353$	127,353$	81,853$	81,853$	47,652$	45,152$	26,223$	16,753$	19,063$	26,063$	10,563$	15,753$		7,853$
QoQ			1,213,090$	(102,096$)	310,740$	351,185$	112,059$	48,012$	(76,730$)	34,725$	29,929$												34,067$	0$	(40,500$)	(15,000$)	45,500$	0$	34,201$	2,500$	18,929$	9,470$	(2,310$)	(7,000$)	15,500$	(5,190$)
Debt to Asset Ratio			3.38x	10.88x	13.42x	11.56x	70.70x	.64x	.62x	.70x	.58x	6.81x			3.17x								.12x	.09x	.09x	.13x	.16x	.69x	1.30x			1.02x	1.04x	1.07x	.88x	1.32x	3.13x		3.80x
Long Term Debt
QoQ
YoY
Capital Lease Obligations			76,553$	84,009$	91,281$	98,374$				1,318,757$
Cash and Cash Equivalents																																346$	824$	970$	7,257$	5,733$	10,233$		7,397$
QoQ																																(478$)	(146$)	(6,287$)	1,524$	(4,500$)
YoY																																(5,387$)	(9,409$)		(140$)
Interest Expenses			40,356$	46,125$	40,220$	33,089$	5,547$	23,701$	23,524$	17,848$	83,278$	12,881$	17,516$	(14,591$)	396,200$	(819$)
Interest Income