A profitable company with shrinking sales. Institutions are adding.
Going well
Profitable
Buying back shares: share count down 8.3% in 3 years
Watch out for
Sales down 34% in the latest quarter vs a year ago
Money moves
No insider buying or selling in the last 30 days
Institutions added 7.3% to their holdings in the quarter ending June 2026 (84 bought, 54 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$4.72+1.1% that day
Company value
$250M
Share price times all shares
Price vs sales
0.82x
No profit over the last year, so this compares value with sales instead
Cash vs value
1%
Cash as a share of company value
Debt vs value
1%
Debt as a share of company value
From ASLE'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
$70.9M-34% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $303.7M, down 13% from the 12 months before. Over 5 years, sales grew about 9.9% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of ASLE. 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$179M
Profit in 5 years$18M
Price these guesses point to$5.91+25% vs $4.72 todayAbout +4.6% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 14% 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.
1/5Weak
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.2.6%
MissProfitable every yearSteady profits, not one good year.7 of 8 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$29.1M
PassShare count not growingNot diluting owners. Falling means buybacks.-8.3% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.31.5%
Revenue
$335.3M
-2.8% vs prior year
5-year growth
+9.9%/yr
revenue, per year
Total debt
$1.3M
Current ratio
3.71x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$70.9M
-33.9% YoY
EPS
-$0.12
vs $0.18
Op. margin
-6.7%
-18.4 pts
Gross margin
22.9%
-10.0 pts
Free cash flow
-$7.6M
Share count
+0.5%
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
1.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+7.3%
Institutions added 7.3% to their holdings. 84 bought, 54 sold. 2 quarters of net buying in a row.
Shares held by institutions30.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-2.8%
Cash runwayAt last year's cash burn
1 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $788K debt
Shares outstandingLatest reported
53M
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedMar 5
Results filedNov 6, 2025
Results filedAug 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.