Private company
ZRCN Inc.
ZRCN Inc. is an American miscellaneous electrical machinery company based in Campbell.1
Last updated Oct 21, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue71¢$19.0M
- Research and development6¢$1.7M
- Other costs23¢$6.1M
- Income tax0¢$129.0K
Out of $26.9M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2026
- Capital spending21¢$321.0K
- Kept or used elsewhere79¢$1.2M
Out of $1.5M of cash from operations.2
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $48.0K4 | $6.7K4 | $30.5M5 | $31.5M6 | $28.1M2 | $26.9M2 | ||
| Cost of revenue | $36.8K4 | $5.4K4 | $18.3M5 | $17.7M6 | $16.9M2 | $19.0M2 | ||
| Gross profit | $11.3K4 | $1.2K4 | $12.2M5 | $13.8M6 | $11.1M2 | $7.9M2 | ||
| Research and development | $118.5K4 | $110.4K4 | $46.8K4 | $1.9M5 | $1.9M6 | $1.7M2 | $1.7M2 | |
| Operating expenses | $843.9K4 | $374.7K4 | $12.0M5 | $13.0M6 | $13.6M2 | $13.8M2 | ||
| Operating income | -$176.2K7 | -$1.2M4 | -$842.6K4 | -$374.7K4 | $252.4K5 | $836.0K6 | -$2.5M2 | -$5.9M2 |
| Interest | $31.1K7 | $108.0K7 | ||||||
| Income before tax | -$276.5K5 | -$19.0K6 | -$2.3M2 | -$7.2M2 | ||||
| Income tax | $158.2K5 | -$70.0K6 | $573.0K2 | -$129.0K2 | ||||
| Net income | -$159.0K7 | -$1.2M4 | -$839.1K4 | -$331.6K8 | -$434.7K5 | $51.0K6 | -$2.9M2 | -$7.0M2 |
| Earnings per share | -$0.047 | -$0.214 | -$0.064 | -$0.014 | -$1.345 | -$0.026 | -$0.282 | -$0.682 |
| Earnings per share (diluted) | -$1.345 | -$0.026 | -$0.282 | -$0.682 | ||||
| Shares (weighted, basic) | 14.1M shares4 | 20.2M shares4 | 500.0K shares5 | 9.6M shares6 | 10.1M shares2 | 10.4M shares2 | ||
| Shares (weighted, diluted) | 500.0K shares5 | 9.6M shares6 | 10.1M shares2 | 10.4M shares2 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash | $64.0K7 | $119.4K4 | $27.9K4 | |||||
| Receivables | $7.5M5 | $8.6M6 | $6.1M2 | $5.4M2 | ||||
| Inventory | $13.4K4 | $13.1M5 | $14.1M6 | $12.5M2 | $10.3M2 | |||
| Current assets | $245.8K4 | $222.2K4 | $27.9K4 | $21.2M5 | $23.5M6 | $20.3M2 | $16.8M2 | |
| Property, plant and equipment | $2.1K4 | $1.4K4 | $1.8M5 | $1.8M6 | $1.6M2 | $1.6M2 | ||
| Intangible assets | $807.4K5 | $792.0K6 | $684.0K2 | $707.0K2 | ||||
| Total assets | $265.9K4 | $224.3K4 | $29.3K4 | $24.9M5 | $27.6M6 | $23.4M2 | $20.3M2 | |
| Accounts payable | $3.9M5 | $7.0M6 | $6.5M2 | $10.0M2 | ||||
| Current liabilities | $6.1M5 | $18.1M6 | $16.8M2 | $12.6M2 | ||||
| Total liabilities | $879.8K4 | $788.6K4 | $755.9K4 | $15.1M5 | $19.3M6 | $17.8M2 | $21.4M2 | |
| Retained earnings | -$2.2M4 | -$2.5M4 | $8.6M5 | $6.8M6 | -$4.3M2 | -$11.4M2 | ||
| Shareholders’ equity | $95.0K7 | -$613.9K4 | -$564.2K4 | -$726.5K4 | $8.4M5 | $6.6M6 | $3.9M2 | -$2.8M2 |
| Shares outstanding | 19.8M shares7 | 21.2M shares4 | 10.0M shares5 | 10.4M shares6 | 10.4M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -$199.1K4 | -$294.7K4 | -$138.9K4 | $1.0M5 | $1.2M6 | $2.2M2 | $1.5M2 | |
| Depreciation and amortization | $41.4K7 | $1.2M5 | $665.0K6 | $1.0M2 | $700.0K2 | |||
| Stock-based compensation | $305.0K4 | $36.0K4 | $74.0K2 | $248.0K2 | ||||
| Capital spending | $1.1K4 | $2.3K4 | $670.6K5 | $582.0K6 | $792.0K2 | $321.0K2 | ||
| Free cash flow | -$200.2K | -$297.0K | $360.0K | $602.0K | $1.4M | $1.2M | ||
| Cash from investing | $41.7K4 | -$794.3K5 | -$1.2M6 | -$788.0K2 | -$436.0K2 | |||
| Cash from financing | $319.9K4 | $47.5K4 | -$466.0K5 | $590.0K6 | -$667.0K2 | -$1.3M2 |
Corporate structure
ZRCN Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of ZRCN Inc.
- Eric Stauss Filed SC 13D on ZRCN Inc., latest Apr 27, 2023
- John Stauss Filed SC 13D on ZRCN Inc., latest Apr 27, 2023
- Kurt Stauss Filed SC 13D on ZRCN Inc., latest Apr 27, 2023
- Robert Wyler Filed SC 13D on ZRCN Inc., latest Apr 27, 2023
- ZRCN Inc. New York, New York
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What ZRCN Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $15.9M2 Mar 31, 2026 | $15.3M2 Mar 31, 2025 | +3.5% |
| Property and equipment, net | $1.6M2 Mar 31, 2026 | $1.6M2 Mar 31, 2025 | −0.7% |
| Operating-lease assets (leased space) | $349.0K2 Mar 31, 2026 | $558.0K2 Mar 31, 2025 | −37.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Debt securities available for sale | $595.0K2 Mar 31, 2026 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $2.6M2 Mar 31, 2026 | $2.5M2 Mar 31, 2025 | +4.6% |
| Accumulated amortization | -$1.9M2 Mar 31, 2026 | -$1.8M2 Mar 31, 2025 | −5.0% |
| Finite-lived intangibles, net | $707.0K2 Mar 31, 2026 | $684.0K2 Mar 31, 2025 | +3.4% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $10.3M2 Mar 31, 2026 | $12.5M2 Mar 31, 2025 | −17.3% |
| Raw materials | $3.9M2 Mar 31, 2026 | $4.2M2 Mar 31, 2025 | −7.5% |
| Work in process | $990.0K2 Mar 31, 2026 | $1.3M2 Mar 31, 2025 | −22.4% |
| Finished goods | $5.4M2 Mar 31, 2026 | $6.9M2 Mar 31, 2025 | −22.5% |
Properties, in its own words
We lease facilities under an operating lease in Campbell, CA. through 2027. ZRCN and Zircon are headquartered in a 14,000 square foot building in Campbell, CA. The Company also has inventory located in Ensenada, Mexico, the Netherlands, Canada, the United Kingdom and two of our manufacturing subcontractors located in China.
We believe our facilities are suitable for their present and intended purposes and are operating at a level consistent with the requirements of the industry in which we operate. We also believe that our leases are at competitive or market rates and do not anticipate any difficulty in leasing suitable additional space upon expiration of our current lease terms.
Item 2 of the 10-K filed Sep 28, 2026.11
Leadership
Who has led ZRCN Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerJohn Stauss Apr 25, 2023 to Apr 25, 202312
- Chief executive officerNick Nianqing Zeng Jun 28, 2022 to Sep 20, 202213
- PresidentRonald Bourque Apr 25, 2023 to Apr 25, 202314
- Chief financial officerRonald Bourque Apr 25, 2023 to Apr 25, 202314
- Chief financial officerDemin Huang Jul 8, 2022 to Jul 8, 202215
- Chief operating officerRonald Bourque Apr 25, 2023 to Apr 25, 202314
Board members and other officers (5)
- Board memberJohn Stauss Apr 25, 2023 to Apr 25, 202312
- Board memberNick Nianqing Zeng Jun 28, 2022 to Sep 20, 202213
- Board memberChristian Guilbaud Jul 8, 2022 to Sep 20, 202216
- Board memberKenneth Charles Grainger Jul 8, 2022 to Jul 8, 202217
- General counselRobert Wyler Apr 25, 2023 to Apr 25, 202318
Former names
Timeline
- Jun 26, 20268-K Bylaws or fiscal year changed19
- Mar 23, 20268-K Entered a material agreement20
- Sep 25, 20258-K Debt or obligation accelerated21
- Jul 21, 20258-K Entered a material agreement22
- Jul 14, 20258-K Debt or obligation accelerated23
- May 15, 20258-K Change of auditor24
- May 9, 20258-K Change of auditor25
- Apr 22, 20258-K Regulation FD disclosure26
- Feb 25, 20258-K Other events27
- Feb 21, 20258-K Regulation FD disclosure28
- Oct 24, 20248-K Executive or director change29
- Oct 21, 20248-K Entered a material agreement30
- Apr 25, 2023New chief executive John Stauss becomes CEO12
- Jun 28, 2022New chief executive Nick Nianqing Zeng becomes CEO13
Filings
104 filings to the SEC since October 2021: 6 annual reports, 14 quarterly reports, 29 major events, 13 insider forms, 4 large holders, 6 private raises, 32 other. The latest 20:
- Sep 30, 202615-12G EDGAR
- Sep 30, 2026S-8 POS EDGAR
- Sep 30, 202610-Q EDGAR
- Sep 28, 202610-K EDGAR
- Aug 24, 2026NT 10-Q EDGAR
- Jul 7, 202610-Q EDGAR
- Jun 30, 2026NT 10-K EDGAR
- Jun 26, 20268-K EDGAR
- Jun 26, 202610-Q EDGAR
- May 28, 202610-Q EDGAR
- Mar 23, 20268-K EDGAR
- Nov 21, 2025NT 10-Q EDGAR
- Sep 25, 20258-K EDGAR
- Sep 10, 202510-K EDGAR
- Aug 22, 2025NT 10-Q EDGAR
- Jul 21, 20258-K EDGAR
- Jul 14, 20258-K EDGAR
- Jun 30, 2025NT 10-K EDGAR
- May 15, 20258-K EDGAR
- May 9, 20258-K EDGAR
The 104 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 16, 2022 | Guilbaud ChristianDirector | Buy | 150,000 | $0.10 | $15.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Eric StaussSC 13D, 1 filing Apr 27, 202331
- John StaussSC 13D, 1 filing Apr 27, 202332
- Kurt StaussSC 13D, 1 filing Apr 27, 202333
- Robert WylerSC 13D, 1 filing Apr 27, 202334
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $605.7K
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2022 | $47.5K | $47.5K |
| 2021 | $358.2K | $358.2K |
| 2020 | $100.0K | $100.0K |
| 2018 | $100.0K | $100.0K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Jul 8, 2022Raised $47,500 in a private offering of equity35 Form D: 2 investors so far Form D
- Sep 8, 2021Raised $238,188 in a private offering of equity36 Form D: 7 investors so far Form D
- Jun 18, 2021Raised $100,000 in a private offering of equity37 Form D: 6 investors so far Form D
- Feb 5, 2021Raised $20,000 in a private offering of equity38 Form D: 2 investors so far Form D
- Dec 18, 2020Raised $100,000 in a private offering of equity39 Form D: 5 investors so far Form D
- Dec 27, 2018Raised $100,000 in a private offering of equity40 Form D: 1 investor so far Form D
SEC filer profile
How ZRCN Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARZRCN Inc.1
- CIK0001901297
- Employer ID (EIN)83-275669511
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company11
- Incorporated inDelaware11
- Fiscal year endsMarch 311
- Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address165 Broadway, Fl 23, New York, NY 100061
- Phone(212) 602 11881
- Shares outstanding10,360,924 as of Sep 24, 202610
- Public float$300.0K as of Sep 30, 202511
- AuditorKreston GTA PC, Sacramento, CA, USA PCAOB ID 5036; it also attests to the company’s internal control over financial reporting11
- On EDGAR sinceDec 27, 20211
- Filings104 in all: 8-K (27), 10-Q (14), 3 (10), NT 10-Q (8), D (6), 10-K (5), NT 10-K (4), SC 13D (4)1
All 23 form types
UPLOAD (4), 10-12G/A (3), CORRESP (3), 4 (2), 8-K/A (2), DEF 14C (2), PRE 14C (2), 10-12G (1), 10-K/A (1), 15-12G (1), 3/A (1), DEF 14A (1), S-8 (1), S-8 POS (1), SC 14F1 (1)
- Latest filingsAnnual report (10-K) Sep 28, 2026
Quarterly report (10-Q) Sep 30, 2026
Proxy statement (DEF 14A) Apr 29, 2022
Latest 8-K (8-K) Jun 26, 2026
Risk factors and legal proceedings
The risks ZRCN Inc. names in Item 1A of its 10-K filed Sep 28, 2026: 40 risks under these headings, as written.11
- Macroeconomic and Industry Risks
- Our operations and performance depend significantly on global and regional economic conditions and adverse economic conditions can materially adversely affect our business, results of operations and financial condition.
- Our business can be impacted by political events, trade and other international disputes, Force Majeure events like war, terrorism, natural disasters, public health issues, industrial accidents and other unforeseen business disruptions.
- The market for our products is competitive but not subject to rapid technological change. If that were to change, we may be unable to compete effectively.
- The market for our products is highly price sensitive and subject to change with market conditions.
- Business Risks
- To remain competitive and stimulate customer demand, we must successfully manage frequent introductions and transitions of products.
- We depend on product manufacturing and logistical services provided by outsourcing partners, many of which are located outside of the U.S.
- We have no long-term contracts with the majority of our third-party suppliers that guarantee volume or the continuation of payment terms, making us vulnerable to supply problems and price fluctuations.
- Future operating results depend upon our ability to obtain products in sufficient quantities on commercially reasonable terms.
- Our products may be affected from time to time by design and manufacturing defects that could materially adversely affect our business and result in harm to our reputation.
- We are exposed to the risk of write-downs on the value of our inventory and other assets, in addition to purchase commitment cancellation risk.
The other 30 risks
- We compete globally with companies that are often larger and better capitalized and if we cannot compete effectively, our business may be negatively affected.
- Customer consolidation could have a material adverse effect on our business.
- Demand for new products below expectations and our ability or inability to develop and introduce new products at favorable economic levels could adversely impact our financial results and prospects for growth.
- A significant portion of our revenue is dependent upon a small number of customers, and our three largest customers that collectively accounted for approximately 68% and 64% of net revenue in fiscal 2026 and fiscal 2025, respectively. The loss of any one of these customers would negatively impact our revenues and our results of operations.
- If the products that we offer do not reflect our customers’ tastes and preferences, our net sales and profit margins could decrease.
- Our success depends largely on the continued service and availability of highly skilled employees, including key personnel.
- Key personnel may voluntarily terminate their relationship with us at any time, and competition for qualified personnel is intense. The process of locating additional personnel with the combination of skills and attributes required to carry out our strategy could be lengthy, costly, and disruptive.
- Investment in acquisitions and new business strategies could disrupt our ongoing business, present risks not originally contemplated and adversely affect Zircon’s business, reputation, results of operations and financial condition.
- Legal and Regulatory Compliance Risks
- We are subject to complex and changing laws and regulations, which expose us to potential liabilities, increased costs and other adverse effects on our business.
- Financial Risks
- We manufacture and sell our products in numerous countries around the world. As a result, we may be exposed to foreign currency risks as we engage in transactions and make investments denominated in foreign currencies.
- We are subject to changes in tax rates, the adoption of new U.S. or international tax legislation and exposure to additional tax liabilities.
- Our results of operations could be negatively impacted by inflationary or deflationary economic conditions.
- Financing Risks
- If we are unable to generate sufficient cash flows from our operations, our liquidity will suffer and we may be unable to satisfy our obligations. As of the filing date of this annual report on Form 10K, we do not believe that we will have sufficient liquidity nor additional sources of liquidity to remain as a going concern over the next twelve months without additional management actions.
- The Company’s debt covenants may affect its liquidity or limit its ability to pursue acquisitions, incur debt, make investments, sell assets or complete other significant transactions.
- The Company’s ability to comply with its credit facility is subject to future performance and other factors.
- We may incur future indebtedness and may in the future issue additional equity or debt securities to finance our business operations and strategic initiatives.
- Tight capital and credit markets or the failure to maintain credit ratings could adversely affect us by limiting our ability to borrow or otherwise access liquidity.
- We are exposed to credit risk on our accounts receivable.
- Legal, Tax, Regulatory and Compliance Risks
- Our brand names are important assets of our businesses and violation of our intellectual property or trademark rights, or the failure of our licensees or vendors to comply with our product quality, manufacturing requirements, marketing standards, and other requirements could negatively impact revenues and brand reputation.
- Cybersecurity incidents could disrupt business operations, result in the loss of critical and confidential information, and adversely affect our reputation and results of operations.
- Climate change and climate change legislation or regulations may adversely affect our business.
- Our failure to continue to successfully avoid, manage, defend, litigate and accrue for claims and litigation could negatively impact our results of operations or cash flows.
- Our products could be recalled.
- Users might not understand the product limitations.
- Users may not comply with safety instructions.
- Our results of operations and earnings may not meet forecasted future expectations.
- If we are unable to maintain effective internal controls over financial reporting in the future, the accuracy and timeliness of our financial reporting may be adversely affected, which could have a material adverse effect on our financial condition and the trading price of our common stock.
- Risks Related to our Common Stock
- We may become involved in securities class action litigation that could divert management’s attention and harm our business.
- Our common stock may trade below $5.00 per share and be deemed a “penny stock,” which could make it more difficult for investors to sell their shares.
- We have elected to avail ourselves of the extended transition period for complying with new or revised accounting standards pursuant to Section 102(b)(1) of the JOBS Act, and further the JOBS Act will allow us to postpone the date by which we must comply with some of the laws and regulations intended to protect investors and to reduce the amount of information we provide in our reports filed with the SEC, which could undermine investor confidence in the Company.
Legal proceedings
From time to time and in the normal course of operations, we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We are not presently a party to any legal proceedings that, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating results, financial condition or cash flows.
In October 2024 we settled outstanding litigation with Stanley, Black and Decker and received $0.8 million which was recorded as Other Income in our financial statements.
ZRCN is engaged in procedures to protect its proprietary rights and has filed complaints with the Federal Trade Commission and the U.S. Customs and Border Protection.
The opening of Item 3, Legal Proceedings.11
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARZRCN Inc. filings on SEC EDGAR
- 2SEC EDGARZRCN Inc. 10-K for fiscal 2026
- 3SEC EDGARZRCN Inc. filings on SEC EDGAR
- 4SEC EDGARZRCN Inc. 10-K for fiscal 2020
- 5SEC EDGARZRCN Inc. 10-K for fiscal 2023
- 6SEC EDGARZRCN Inc. 10-K for fiscal 2024
- 7SEC EDGARZRCN Inc. 10-K for fiscal 2019
- 8SEC EDGARZRCN Inc. 10-K for fiscal 2022
- 9SEC EDGARZRCN Inc. 10-Q for fiscal 2025
- 10SEC EDGARZRCN Inc. 10-Q for fiscal 2026
- 11
- 12SEC EDGARJohn Stauss, Chief executive officer
- 13
- 14SEC EDGARRonald Bourque, President
- 15SEC EDGARDemin Huang, Chief financial officer
- 16SEC EDGARChristian Guilbaud, Board member
- 17
- 18SEC EDGARRobert Wyler, General counsel
- 19SEC EDGARBylaws or fiscal year changed
- 20SEC EDGAREntered a material agreement
- 21SEC EDGARDebt or obligation accelerated
- 22SEC EDGAREntered a material agreement
- 23SEC EDGARDebt or obligation accelerated
- 24SEC EDGARChange of auditor
- 25SEC EDGARChange of auditor
- 26SEC EDGARRegulation FD disclosure
- 27SEC EDGAROther events
- 28SEC EDGARRegulation FD disclosure
- 29SEC EDGARExecutive or director change
- 30SEC EDGAREntered a material agreement
- 31SEC EDGAREric Stauss SC 13D on ZRCN Inc.
- 32SEC EDGARJohn Stauss SC 13D on ZRCN Inc.
- 33SEC EDGARKurt Stauss SC 13D on ZRCN Inc.
- 34SEC EDGARRobert Wyler SC 13D on ZRCN Inc.
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