Quarta-Rad, Inc. (QURT)
Quarta-Rad, Inc. specializes in the distribution and sale of various detection instruments, serving homeowners, building contractors, and home renovation specialists across North America, Europe, and Asia. The company's product line includes a comprehensive range of radiation monitoring equipment. Among these are several handheld radiation detectors for the consumer market, such as the RADEX RD1503 and RD1212. Other notable devices include the RADEX RD1706 (a general-purpose handheld detector), the RADEX RD1008 (which measures Gamma- and Beta-radiation), the RADEX RD1212-BT (a handheld unit with Bluetooth connectivity), and the compact, personal RADEX RD ONE. Beyond radiation, Quarta-Rad also provides the RADEX M107, an accessible radon gas detector that issues visual and auditory alerts when predefined thresholds are met. Additionally, they offer the RADEX EMI50, a portable device designed for real-time assessment of both electric field strength and electromagnetic fields. Furthermore, their inventory extends to light and brightness detection tools. An example is the RADEX Lupin, a handheld instrument capable of evaluating illumination levels, brightness, and the flicker ratio specifically on LED screens. Quarta-Rad markets its products through a network of independent distributors and via its online sales platforms. The company, initially incorporated in 2011, was first known as Quatra-Rad, Inc. before officially rebranding to Quarta-Rad, Inc. in February 2012. Its headquarters are located in Wilmington, Delaware.
Sector: Industrial Instruments For Measurement, Display, and Control
Industry: Hardware, Equipment & Parts
Quarta-Rad, Inc.
OTC:QURTTechnology · Hardware, Equipment & Parts
-13.89%$0.3100
Mkt Cap$4.93M
Float631K
O/S15.9M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$245K
Net Income-$257K
Total Assets$414K
Free Cash Flow$10K
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$124K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in QURT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$414K
Liabilities$290K
Accounts Receivable$316K
Accounts Payable$134K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $245K | $107K | $508K | $1.1M | $1.25M | $858K | $875K | $908K | $1.21M | $827K | $829K | $1.05M | $661K |
| YoY Growth | 129.4% | -79.0% | -53.8% | -11.7% | 45.2% | -2.0% | -3.6% | -24.9% | 46.4% | -0.3% | -20.7% | 58.1% | - |
| Cost of Revenue | $143K | $67K | $325K | $704K | $763K | $645K | $647K | $675K | $892K | $706K | $686K | $855K | $430K |
| Gross Profit | $102K | $40K | $183K | $397K | $483K | $213K | $228K | $234K | $318K | $121K | $143K | $190K | $231K |
| Gross Margin | 41.5% | 37.2% | 36.1% | 36.0% | 38.8% | 24.8% | 26.1% | 25.7% | 26.3% | 14.7% | 17.3% | 18.2% | 34.9% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $72K | $95K | $59K | $4K | $0 | $155K | $0 |
| Selling, General, and Administrative | $393K | $247K | $196K | $259K | $362K | $188K | $298K | $237K | $172K | $153K | $93K | $130K | $57K |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $393K | $247K | $196K | $259K | $362K | $188K | $370K | $332K | $231K | $157K | $93K | $285K | $57K |
| Operating Income (EBIT) | -$291K | -$207K | -$13K | $137K | $121K | $25K | -$142K | -$98K | $87K | -$36K | $50K | -$95K | $174K |
| Operating Margin | -119.0% | -193.7% | -2.5% | 12.5% | 9.7% | 2.9% | -16.2% | -10.8% | 7.2% | -4.3% | 6.1% | -9.1% | 26.3% |
| Interest Expense | $0 | $0 | $0 | $0 | $75 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $14K | $47K | $47K | $285 | $10 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $37K | $25K | $69K | -$119K | -$108K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$254K | -$182K | $56K | $18K | $13K | $25K | -$142K | -$98K | $87K | -$36K | $50K | -$95K | $174K |
| Income Tax Expense | $3K | $35K | $12K | $4K | $5K | -$51K | $0 | $0 | $0 | $0 | $0 | $0 | $61K |
| Net Income | -$257K | -$217K | $44K | $15K | $7K | $75K | -$142K | -$98K | $87K | -$36K | $50K | -$95K | $113K |
| Net Income Margin | -104.9% | -203.0% | 8.8% | 1.3% | 0.6% | 8.8% | -16.2% | -10.8% | 7.2% | -4.3% | 6.1% | -9.1% | 17.1% |
| Supplementary Data | |||||||||||||
| EPS | -0.02 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | 0.01 | -0.00 | 0.00 | -0.01 | 0.01 |
| Diluted EPS | -0.02 | -0.01 | 0.00 | 0.00 | 0.00 | 0.00 | -0.01 | -0.01 | 0.01 | -0.00 | 0.00 | -0.01 | 0.01 |
| Weighted Average OS | 15.88M | 15.67M | 15.67M | 15.67M | 15.66M | 15.34M | 15.33M | 15.33M | 15.33M | 15.06M | 16.50M | 15.00M | 15.00M |
| EBITDA | -$291K | -$206K | -$12K | $138K | $14K | $25K | $0 | $0 | $87K | $0 | $50K | $0 | $174K |
| EBITDA Margin | -118.6% | -192.9% | -2.4% | 12.6% | 1.1% | 2.9% | - | - | 7.2% | - | 6.1% | - | 26.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $73K | $63K | $73K | $294K | $260K | $108K | $42K | $87K | $78K | $68K | $66K | $101K | $106K |
| Short-Term Investments | $3 | $5 | $52K | $174K | $127K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $73K | $63K | $125K | $468K | $387K | $108K | $42K | $87K | $78K | $68K | $66K | $101K | $106K |
| Accounts Receivable | $316K | $74K | $88K | $62K | $65K | $381K | $128K | $84K | $38K | $51K | $44K | $59K | $10K |
| Inventory | $0 | $3K | $30K | $186K | $87K | $89K | $75K | $85K | $164K | $84K | $113K | $106K | $86K |
| Other Current Assets | -$316K | $0 | $0 | $0 | $0 | $51K | $0 | $0 | $0 | $0 | $0 | $0 | $8K |
| Total Current Assets | $73K | $140K | $243K | $715K | $539K | $629K | $245K | $274K | $280K | $202K | $223K | $266K | $209K |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $770 | $2K | $2K | $3K | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $24K | $36K | $40K | $51K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $341K | $437K | $414K | $0 | $0 | -$51K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $341K | $438K | $440K | $38K | $43K | $4K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $414K | $578K | $683K | $754K | $582K | $633K | $245K | $274K | $280K | $202K | $223K | $266K | $209K |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $134K | $130K | $105K | $83K | $79K | $77K | $126K | $102K | $34K | $35K | $2K | $219K | $70K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $71K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $187K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$117K | -$120K | $0 | $56K | $24K | $41K | $148K | $60K | $35K | $2 | $0 | $0 | $0 |
| Total Current Liabilities | $290K | $401K | $290K | $405K | $247K | $315K | $275K | $162K | $70K | $79K | $129K | $223K | $70K |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $270K | $0 | $245K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | -$270K | $0 | -$245K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $290K | $401K | $290K | $405K | $247K | $315K | $275K | $162K | $70K | $79K | $129K | $223K | $70K |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K | $2K |
| Retained Earnings | -$428K | -$171K | $45K | $807 | -$14K | -$21K | -$97K | $45K | $144K | $56K | $92K | $42K | $137K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$0 | $0 |
| Other Stockholders' Equity | $551K | $347K | $347K | $347K | $347K | $337K | $65K | $65K | $65K | $65K | $0 | $0 | $0 |
| Total Equity | $124K | $177K | $394K | $349K | $335K | $318K | -$30K | $112K | $210K | $123K | $94K | $43K | $138K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $414K | $578K | $683K | $754K | $582K | $633K | $245K | $274K | $280K | $202K | $223K | $266K | $209K |
| Supplementary Data | |||||||||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$73K | -$63K | -$73K | -$294K | -$260K | -$108K | -$42K | -$87K | -$78K | -$68K | -$66K | -$101K | -$106K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | -$257K | -$217K | $44K | $15K | $7K | $75K | -$142K | -$98K | $87K | -$36K | $50K | -$95K | $113K |
| Depreciation & Amortization | $770 | $800 | $800 | $800 | $800 | $35 | $142K | $98K | $0 | $36K | $0 | $95K | $0 |
| Deferred Income Tax | -$3K | $24K | $12K | $4K | $5K | -$51K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $204K | $0 | $0 | $0 | $9K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $860 | -$37K | $26K | $3K | -$17K | $79K | -$44K | -$46K | $8K | -$2K | $15K | -$49K | -$10K |
| Inventory | $3K | $27K | $156K | -$99K | $3K | -$14K | $10K | $79K | -$81K | $29K | -$6K | -$21K | -$85K |
| Accounts Payable | $39K | $24K | $72K | $4K | -$63K | -$57K | $114K | $93K | -$9K | -$50K | -$50K | $0 | $0 |
| Other Working Capital | $48K | $87K | -$239K | $154K | $434 | $4K | $17K | -$18K | -$33K | -$49K | -$44K | $12K | $0 |
| Total Working Capital Change | $92K | $102K | $15K | $61K | -$76K | $12K | $97K | $107K | -$82K | -$23K | -$85K | -$57K | -$95K |
| Other Non-Cash Items | -$27K | $15K | -$22K | $119K | $108K | $0 | -$142K | -$98K | $82K | -$36K | $42K | $53K | $61K |
| Net Cash from Operating | $10K | -$75K | $50K | $200K | $54K | $36K | -$45K | $9K | $5K | -$59K | -$35K | -$4K | $79K |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $30K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$58K | -$425K | -$429K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $40K | $202K | $259K | $527K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $26K | -$415K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $66K | -$271K | -$166K | $98K | $30K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $273K | $0 | $0 | $5K | $60K | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $273K | $0 | $0 | $5K | $0 | $0 | $0 | $0 |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $0 | $273K | $0 | $0 | $5K | $60K | $0 | $0 | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | -$273K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $10K | -$10K | -$221K | $34K | $152K | $66K | -$45K | $9K | $10K | $1K | -$35K | -$4K | $79K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $10K | -$75K | $50K | $200K | $54K | $36K | -$45K | $9K | $5K | -$59K | -$35K | -$4K | $79K |
| Capital Expenditure | $0 | $4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $10K | -$75K | $50K | $200K | $54K | $36K | -$45K | $9K | $5K | -$59K | -$35K | -$4K | $79K |
| Cash at Beginning | $63K | $73K | $294K | $260K | $108K | $42K | $87K | $78K | $68K | $66K | $101K | $106K | $26K |
| Cash at End | $73K | $63K | $73K | $294K | $260K | $108K | $42K | $87K | $78K | $68K | $66K | $101K | $106K |