A company still losing money with growing sales, with high risk. Institutions are adding.
Going well
Sales up 197% in the latest quarter vs a year ago
Little debt
Watch out for
About 20 months of cash left at its current burn
Share count growing 24.4% a year (dilution)
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions added 6.1% to their holdings in the quarter ending June 2026 (98 bought, 61 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.27-5.9% that day
Company value
$181M
Share price times all shares
Price vs sales
8.3x
No profit over the last year, so this compares value with sales instead
Cash vs value
27%
Cash as a share of company value
Debt vs value
4%
Debt as a share of company value
From ABAT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26 (worked out from yearly totals)
$8.2M+197% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $21.7M, up 407% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of ABAT. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$28M
Profit in 5 years$3M
Price these guesses point to$0.18-86% vs $1.27 todayAbout -32% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 55% a year for 5 years just to match today's price.
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-49.3%
PassDebt under half of equityNot relying on borrowed money.0.06x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.0 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$28.9M
MissShare count not growingNot diluting owners. Falling means buybacks.+92.4% in 3 years
Revenue
$4.3M
Total debt
$7.7M
0.06x equity
Current ratio
14.88x
short-term assets / bills due
Free cash flow
-$28.9M
-674.1% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Sep 16
Revenue
$8.2M
+196.6% YoY
EPS
-$0.15
vs -$0.10
Op. margin
-246.5%
+33.6 pts
Gross margin
15.7%
+108.3 pts
Free cash flow
-$4.6M
Some values are worked out from year-to-date totals in the annual report.
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+6.1%
Institutions added 6.1% to their holdings. 98 bought, 61 sold. 7 quarters of net buying in a row.
Shares held by institutions51.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+46.4%
Cash runwayAt last year's cash burn
25 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $8.0M debt
Shares outstandingLatest reported
143M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 46.4% a year (dilution)
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 9
Next reportAround Dec 21 (est.)Estimated from the same quarter last year
Results filedSep 16
Results filedAug 20
Results filedMay 12
Results filedFeb 9
Results filedSep 23, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days