Company Analysis
Sign in

CEA Industries Inc. (BNC)

Nasdaq: BNC · Agricultural Services · Louisville, CO · filing with the SEC since 2010
Full chart Alerts Compare
Grade3.4
◀ Past 3.1● Present 3.0▶ Future 4.2
3 est.
OverviewBusinessFinancialsGradeForecastSentimentOwnershipPeopleFilingsPatents Chart

The grade of CEA Industries Inc.

Nine metrics read from its own filings, by tense
Headline grade
3.4/10
◀ Past3.140% of the headline
● Present3.035% of the headline
▶ Future4.225% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.1/1040% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
3.0/10

Has it survived what it has been through?

10 warning events since 2017; the latest 2026-06-17.

weight 45% of this tense · 30th percentile among 5 sector filers · read for itself

From the record

CEA Industries Inc.'s filings since 2017 show 10 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, 6 times, the latest 2026-05-13); a warning not to rely on past financial statements (8-K item 4.02, the latest 2026-06-17); an auditor change (8-K item 4.01, 2 times, the latest 2020-05-29); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2025-09-15) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.8/10

What has it actually done, year after year?

-18.5% a year over 7 filed years; profitable in 0 of 7.

weight 33% of this tense · 18th percentile among 5 sector filers · read for its customers

From the record

CEA Industries Inc.'s 7 filed years say what it did: revenue went from $10 million in fiscal 2018 to $3 million in fiscal 2024, down 18.5% a year; it rose in 2 of 6 years; the deepest fall was 82% from fiscal 2019 to fiscal 2024; net income was positive in 0 of 7 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-18.5%bottom 10% of its family
  • the share of years revenue rosebottom 10% of its family
  • the share of filed years with a profitbottom 20% of its family
  • the deepest fall from a revenue peak81.6%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
5.5/10

How has it treated the people who own it?

SI estimate 5.5/10, confidence 15 of 100 (universe median).

weight 22% of this tense · 50th percentile among 4090 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 4090 companies with one.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
universe median, 4090 readings behind it.
Confidence
15 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: CEA Industries Inc.'s shareholder treatment is put at 5.5 of 10 with a confidence of 15 of 100, because fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 4090 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.0/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

SI estimate
4.2/10

Is it financially healthy right now?

SI estimate 4.2/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 5 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Fewer than two of the four checks can be read, so the desk assumes the typical reading of its industry family, the median of 5 members with one.
What the record cannot read
Fewer than two of the four checks can be read.
How it was reasoned
family median, 5 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: CEA Industries Inc.'s financial health is put at 4.2 of 10 with a confidence of 20 of 100, because fewer than two of the four checks can be read, so the desk assumes the typical reading of its industry family, the median of 5 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
1.7/10

How strong is its position in its industry?

bottom 17% of 5 in its family; net margin -112.2%.

weight 33% of this tense · 17th percentile among 5 sector filers · read for its customers

From the record

CEA Industries Inc.'s standing among 5 graded names in its industry family: revenue of $3 million in fiscal 2024 ranks in the bottom 10% by size; a net margin of -112.2% ranks in the bottom 30%; revenue growth of -41% a year over the last 3 filed years ranks in the bottom 10% (its annual reports).

What it rests on

  • revenue against the family$2.8Mbottom 10% of its family
  • net margin-112.2%bottom 30% of its family
  • three-year revenue growth-41.0%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.5/10

What are the people in charge doing?

bottom 25% of 4 in its family for leadership; chief executive since 2025.

weight 22% of this tense · 25th percentile among 4 sector filers · read for its shareholders

From the record

CEA Industries Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Namdar, David (Chief Executive Officer, as filed), filing under that title since 2025-12-19, 11 months (top 50% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 9 months (bottom 13%); 19 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 13%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge19 in three years among 12 peoplebottom 13% of its family
  • the median years the people in charge have filed10 monthsbottom 13% of its family
  • the chief executive's years on the record11 monthstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.2/1025% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

SI estimate
7.0/10

How much room does it have to grow?

SI estimate 7.0/10, confidence 35 of 100 (one part).

weight 22% of this tense · 70th percentile among 5 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, cash less debt against assets, which ranks in the top 30% of 5 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
What the record cannot read
The record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue.
How it was reasoned
one part: cash less debt against assets, the one part on file, ranked among 5 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: CEA Industries Inc.'s room to expand is put at 7.0 of 10 with a confidence of 35 of 100, because read from one part only, cash less debt against assets, which ranks in the top 30% of 5 in its family; the record does not carry two of the four parts: cash less debt against assets, cash from operations less capital spending against revenue, gross margin, research against revenue. A filing that carries the missing parts replaces this estimate with the filed reading.

Growth drivers

as filed
4.0/10

What could actually drive growth from here?

bottom 40% of 5 in its family for growth drivers.

weight 33% of this tense · 40th percentile among 5 sector filers · read for its customers

From the record

CEA Industries Inc.'s growth drivers, from the filed years to fiscal 2024: revenue grew -41% a year over the last three filed years against -18.5% over all 7, slowing (bottom 30% of its family); the newest year grew -59.4% (bottom 10%); research spending grew -41.9% a year (top 50%); capital spending grew 115.2% a year (top 30%) (its annual reports). CEA Industries Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-22.5 points a yearbottom 30% of its family
  • the newest year's revenue growth-59.4%bottom 10% of its family
  • three-year growth of research spending-41.9%top 50% of its family
  • three-year growth of capital spending115.2%top 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.0/10

Did its newest year beat what its own record pointed to?

bottom 30% of 5 in its family for expectations against reality.

weight 45% of this tense · 30th percentile among 5 sector filers · read for its shareholders

From the record

CEA Industries Inc.'s newest year against its own record: revenue of $3 million in fiscal 2024 came in 43% below the $5 million its prior three years' pace pointed to (bottom 30% of its family); net income of $3 million against a prior three-year average of $3 million (top 50%); a net margin of a loss larger than its revenue against -33.6% before (bottom 10%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-43.0%bottom 30% of its family
  • net income against the prior three years' average+3%top 50% of its family
  • net margin against its prior average-78.7 pointsbottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton BNC · research, not advice