A company still losing money with shrinking sales.
Going well
No debt reported
Watch out for
Losing money, losses are large next to sales
Revenue down 42.7% from the year before
Money moves
No insider buying or selling in the last 30 days
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 28
$1.98-4.8% that day
Company value
$34M
Share price times all shares
Price vs sales
1.5x
No profit over the last year, so this compares value with sales instead
Cash vs value
79%
A big cushion: cash is a large part of what the company is worth
From AETR'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 6 quarters, from SEC filings
Sales, Dec '25 (worked out from yearly totals)
$1.9M-61% vs a year earlier
Jun '24Tap a barDec '25
Last 12 months: $23.3M. Over 5 years, sales shrank about 38% a year.
Free cash flow over time
Last 5 years
Positive in 1 of 5 years
Latest year $3.4M.
-$42.3M
’202020
-$58.0M
’212021
-$48.9M
’222022
-$19.7M
’232023
$3.4M
What the price assumes
Your guesses, our math
Move the sliders to your own view of AETR. 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$14M
Profit in 5 years$1M
Price these guesses point to$1.19-40% vs $1.98 todayAbout -9.7% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 0.3% a year for 5 years and still 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.-59.9%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-264.3%
MissProfitable every yearSteady profits, not one good year.2 of 10 years
MissShare count not growingNot diluting owners. Falling means buybacks.+1.3% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.11.5%
Revenue
$23.3M
-42.7% vs prior year
5-year growth
-37.9%/yr
revenue, per year
Total debt
None
0.00x equity
Current ratio
1.93x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: free cash flow positive. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Dec 31, 2025
Revenue
$1.9M
-74.2% YoY
EPS
-$0.65
vs -$0.58
Op. margin
-198.5%
-29.2 pts
Gross margin
-9.0%
-14.0 pts
Free cash flow
$3.7M
Share count
+0.5%
vs a year ago
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
67/ 100
This week
1
Normal week
0.5
vs normal
2.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.5%
Cash runwayAt last year's cash burn
23 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
17M
Why elevated risk
Losing money, losses are large next to sales
About 23 months of cash left at its current burn
Revenue down 42.7% from the year before
7 offering filings in 6 months (may sell new shares)
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days