A company still losing money with growing sales, with elevated risk. Institutions are adding.
Going well
Sales up 46% in the latest quarter vs a year ago
Sales up 22% last year
Watch out for
Owes more than it owns (negative equity)
Losing money, losses are large next to sales
Share count growing 9.1% a year
Money moves
Insiders sold $6.1M in the last 30 days, all through pre-planned sales
Institutions added 16% to their holdings in the quarter ending June 2026 (160 bought, 59 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$19.42+1.9% that day
Company value
$955M
Share price times all shares
Price vs sales
11.3x
No profit over the last year, so this compares value with sales instead
Cash vs value
10%
Cash as a share of company value
From AIP'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
$24.1M+46% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $84.6M, up 34% from the 12 months before. Over 5 years, sales grew about 17% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of AIP. 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$314M
Profit in 5 years$31M
Price these guesses point to$5.95-69% vs $19.42 todayAbout -21% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 65% 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.
2/6Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-49.2%
MissProfitable every yearSteady profits, not one good year.0 of 6 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$5.3M
MissShare count not growingNot diluting owners. Falling means buybacks.+29.8% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.90.2%
Revenue
$70.6M
+22.3% vs prior year
5-year growth
+17.3%/yr
revenue, per year
Current ratio
1.13x
short-term assets / bills due
Free cash flow
$5.3M
7.6% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$24.1M
+46.2% YoY
EPS
-$0.30
vs -$0.22
Op. margin
-57.6%
-7.6 pts
Gross margin
85.1%
-4.3 pts
Free cash flow
$8.6M
Share count
+13.0%
vs a year ago
Insider rating
Last 90 days
43Mixed
Pre-planned sales of $6.1M (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
2.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+15.8%
Institutions added 15.8% to their holdings. 160 bought, 59 sold. 7 quarters of net buying in a row.
Shares held by institutions32.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+10.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
49M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 10.8% a year (dilution)
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 12
Results filedFeb 12
Results filedNov 4, 2025
Results filedAug 5, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.