A company still losing money with growing sales, with elevated risk. Institutions are adding.
Going well
Sales up 15% in the latest quarter vs a year ago
Sales up 37% last year
Watch out for
Losing money, losses are large next to sales
High debt: 3.33x equity
1 offering filing in 6 months (may sell new shares)
Money moves
No insider buying or selling in the last 30 days
Institutions added 16% to their holdings in the quarter ending June 2026 (16 bought, 11 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$8.15
Company value
$32M
Share price times all shares
Price vs sales
0.43x
No profit over the last year, so this compares value with sales instead
Debt vs value
1334%
Owes more than the whole company is worth
From BHM'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
$19.3M+15% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $74.5M, up 25% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BHM. 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$227M
Profit in 5 years$23M
Price these guesses point to$86.58+962% vs $8.15 todayAbout +60% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 22% 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.-24.3%
MissDebt under half of equityNot relying on borrowed money.3.33x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-47.4%
MissProfitable every yearSteady profits, not one good year.1 of 5 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$27.8M
MissShare count not growingNot diluting owners. Falling means buybacks.+1.2% in 3 years
Revenue
$68.7M
+36.9% vs prior year
Total debt
$428.4M
3.33x equity
Free cash flow
$27.8M
40.4% of revenue
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
Revenue
$19.3M
+15.0% YoY
EPS
-$0.90
vs -$0.66
Free cash flow
-$2.5M
Share count
+1.2%
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
46/ 100
This week
1
Normal week
1.1
vs normal
0.9x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.1%
Institutions added 16.1% to their holdings. 16 bought, 11 sold.
Shares held by institutions1.3M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+0.8%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
3.5x · $421.9M debt
Shares outstandingLatest reported
4M
Why elevated risk
Losing money, losses are large next to sales
High debt: 3.49x equity
4 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