A company still losing money with shrinking sales, with high risk. Institutions are adding.
Watch out for
About 23 months of cash left at its current burn
Owes more than it owns (negative equity)
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions added 457% to their holdings in the quarter ending June 2026 (16 bought, 1 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$3.63-6.4% that day
Company value
$21M
Share price times all shares
Price vs sales
0.75x
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
Debt vs value
122%
Owes more than the whole company is worth
From BGDE'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
$6.2M-35% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $27.4M, down 46% from the 12 months before. Over 5 years, sales grew about 55% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BGDE. 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$16M
Profit in 5 years$2M
Price these guesses point to$4.28+18% vs $3.63 todayAbout +3.4% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 13% 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.
0/4Weak
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.-59.5%
MissProfitable every yearSteady profits, not one good year.0 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$6.9M
Revenue
$39.8M
-32.9% vs prior year
5-year growth
+55.0%/yr
revenue, per year
Total debt
$25.2M
Free cash flow
-$6.9M
-17.4% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: return on equity 15%+, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Feb 6
Revenue
$6.2M
-35.5% YoY
EPS
-$1.33
vs -$7.93
Op. margin
-102.4%
-33.5 pts
Gross margin
26.1%
-15.2 pts
Free cash flow
-$3.3M
Share count
-72.8%
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
59/ 100
This week
2
Normal week
1.4
vs normal
1.4x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+457.0%
Institutions added 457.0% to their holdings. 16 bought, 1 sold. 3 quarters of net buying in a row.
Shares held by institutions305K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+11.2%
Cash runwayAt last year's cash burn
28 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
6M
Why high risk
Losing money, losses are large next to sales
Share count growing 11.2% a year (dilution)
High debt: 2.02x equity
Bills due within a year exceed short-term assets
Revenue down 32.9% from the year before
4 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedFeb 6
Results filedNov 25, 2025
Results filedNov 14, 2025
Results filedOct 17, 2025
Results filedMar 28, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days