Gunpowder reads primary regulatory filings — SEC EDGAR, FDA, EPA, and other government sources — and turns each one into a structured, ranked summary. Every published digest is built from the same pipeline and the same scoring definitions, explained below.
How a digest is produced
Each digest covers one stream — a geography, agency, index, or theme — over one period, usually a single trading day. The pipeline runs in four stages:
- Ingest. New filings are pulled from the regulator within minutes of publication.
- Analyze. Frontier AI models read each filing in full and extract a summary, key points, sentiment, and a materiality score.
- Rank. Filings are sorted into priority tiers and rolled up into investment signals, risk flags, opportunities, sector themes, and a watch list.
- Publish. The digest is published here and pushed to subscribers. Every analysis links back to the unmodified source filing.
What the scores mean
Materiality score (0–10)
Materiality estimates how much a single filing could matter to investors in the issuing company. A score of 0–3 marks routine or administrative filings, 4–6 marks notable but expected disclosures, and 7–10 marks high-impact events — major earnings surprises, M&A, going-concern flags, or large contract awards.
Sentiment
Sentiment captures the likely market reading of a filing: positive, negative, or mixed when a filing carries both supportive and cautionary signals (for example, record revenue alongside margin compression).
Strength
Strength expresses how much conviction sits behind an investment signal — how clearly the underlying filings point in one direction. A high-strength bullish signal is backed by multiple corroborating, high-materiality filings; a low-strength signal is more tentative.
Priority tiers
Within a digest, every filing is bucketed as high, medium, or low priority, driven mainly by materiality. The priority breakdown at the top of each digest is the count of filings in each tier.
What’s in each filing analysis
Each analyzed filing carries:
- Company name and exchange ticker (where identifiable)
- Filing type (10-K, 10-Q, 8-K, S-1, Form 4, DEF 14A, and others)
- Filing date
- Sentiment and materiality score
- A plain-language summary and a short list of key points
Sourcing and limits
Every analysis is generated from the primary filing as published by the regulator, and every digest links to that unmodified source so you can verify the original text. Our coverage currently spans US (SEC EDGAR and US agencies) and UK markets.
AI-generated summaries are a starting point for research, not investment advice. They can miss context or misread nuance — always confirm against the source filing before acting. For how we produce and stand behind this content, see our editorial standards, or browse the latest digests. New to the underlying forms? Start with our plain-English filing explainers.