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Tap Resources

TAPP
9
Telecommunications Services · Communication Services
Price
$0.08
+0.00 (+0.00%)
Market Cap
$2.0M
Winston Score
9
Winston is worried
Weak fundamentals across most pillars.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Weak
Growth
Weak
Cash Flow
Weak
Stability
Weak
Valuation
Data not available

Share count rising — dilution

+57.8% over 4y

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

Diluted shares outstanding: 23.7M (2021) → 37.4M (2025)

Winston Score History

The full picture

Tap Resources, Inc. (TAPP) is a small telecommunications services company operating in the communication services sector. It provides connectivity or related telecom solutions to its customers, which may include businesses or individual consumers depending on its service mix. The company competes in a crowded industry alongside much larger carriers and regional providers.

Tap Resources generates revenue through service fees, which likely include subscriptions or usage-based charges typical of telecom businesses. Its gross margin of roughly 58% suggests a services-heavy model, but a deeply negative operating margin and very poor return on invested capital indicate the company is spending significantly more than it earns from operations. The main risk facing Tap Resources is its financial sustainability — with an operating margin of -22% and a market cap near zero, the company faces serious pressure to cut costs, grow revenue, or secure additional funding to remain viable.

Growth Profile

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

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

YoY Growth Rate

EPS data limited

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

1.0%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~3 months

$18,584 cash & investments

Short runway — potential dilution ahead through share issuance

Cash watch

Tap Resources 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.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
35.7%
Modest — 35.7% gross margin
Profit after running costs
Operating Margin
-9.9%
Losing money on operations — -9.9%
Return on the money invested
ROCE
-111.0%
Weak — -111.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
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
-0.9%
Burning cash (-0.9%)

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
3.22
Heavy debt load (3.22)
Covers its interest
Interest Cover
N/A
Data not available

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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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