A company still losing money with shrinking sales. Institutions are adding.
Watch out for
Losing money
High debt: 3.61x equity
Money moves
No insider buying or selling in the last 30 days
Institutions added 12% to their holdings in the quarter ending June 2026 (57 bought, 28 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$7.68-1.7% that day
Company value
$159M
Share price times all shares
Price vs sales
0.37x
No profit over the last year, so this compares value with sales instead
Cash vs value
4%
Cash as a share of company value
Debt vs value
74%
Debt as a share of company value
From AP'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
$102.9M-9.0% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $428.0M, up 3.3% from the 12 months before. Over 5 years, sales grew about 5.7% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of AP. 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$496M
Profit in 5 years$50M
Price these guesses point to$34.28+346% vs $7.68 todayAbout +35% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 24% 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.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-144.4%
MissDebt under half of equityNot relying on borrowed money.3.61x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-15.2%
MissProfitable every yearSteady profits, not one good year.3 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$8.1M
MissShare count not growingNot diluting owners. Falling means buybacks.+3.6% in 3 years
Revenue
$434.2M
+3.8% vs prior year
5-year growth
+5.7%/yr
revenue, per year
Total debt
$117.9M
3.61x equity
Current ratio
1.84x
short-term assets / bills due
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 Aug 11
Revenue
$102.9M
-9.0% YoY
EPS
$0.07
vs -$0.36
Op. margin
4.9%
+7.6 pts
Free cash flow
-$5.5M
Share count
+6.6%
vs a year ago
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
0.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+12.2%
Institutions added 12.2% to their holdings. 57 bought, 28 sold. 3 quarters of net buying in a row.
Shares held by institutions11.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+1.3%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
3.9x · $120.3M debt
Shares outstandingLatest reported
21M
Why moderate risk
Losing money
High debt: 3.87x equity
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 11
Results filedJul 9
Results filedMay 12
Results filedMar 16
Results filedNov 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days