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Covista Communications

CVST
42
Telecommunications Services · Communication Services
Price
$0.00
+0.00 (+0.00%)
Market Cap
$5,347
Winston Score
42
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Apr 30, 2005
How the score breaks down
Quality
Good
Growth
Weak
Cash Flow
Weak
Stability
Exceptional
Valuation
Data not available

Share count rising — dilution

+143.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 7.3M (2001) → 17.8M (2005)

Winston Score History

The full picture

Covista Communications is a small telecommunications company based in the United States. It provides phone and internet services, primarily to business customers and wholesale carriers. The company resells and manages voice and data services, acting as a regional provider in a crowded telecom market.

Covista earns money by charging customers monthly fees for its communication services, which gives it a relatively steady, recurring revenue base. It operates mainly in the northeastern United States and is a very small player compared to giants like AT&T or Verizon. The company's 45% gross margin is decent for a telecom reseller, but its tiny scale makes it vulnerable to pricing pressure from larger competitors who can undercut costs — and its biggest challenge is growing its customer base fast enough to remain relevant as the industry consolidates around a handful of dominant providers.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-38.2% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+109.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

13.8%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~11 months

$7M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Covista Communications has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
46.4%
Healthy — 46.4% gross margin
Profit after running costs
Operating Margin
1.8%
Thin — 1.8% operating margin
Return on the money invested
ROCE
21.6%
Exceptional — 21.6% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
-33.0%
Shrinking sales (-33.0% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-9.5%
Burning cash (-9.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
0.02
Conservative — low debt load (0.02)
Covers its interest
Interest Cover
21.41x
Comfortably covers interest (21.4x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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