A company still losing money with steady sales, with high risk.
Watch out for
Late quarterly report notice
Less than a month of cash left at its current burn
Owes more than it owns (negative equity)
Money moves
No insider buying or selling in the last 30 days
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.16+17.2% that day
Company value
$25M
Share price times all shares
Price vs sales
0.77x
No profit over the last year, so this compares value with sales instead
Cash vs value
2%
Cash as a share of company value
Debt vs value
22%
Debt as a share of company value
From BRLS'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, Mar '26
$7.8M+7.7% vs a year earlier
Jun '23Tap a barMar '26
Last 12 months: $32.4M, up 14% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BRLS. 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$62M
Profit in 5 years$6M
Price these guesses point to$4.36+276% vs $1.16 todayAbout +30% 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.
0/5Weak
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.-60.3%
MissProfitable every yearSteady profits, not one good year.0 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$6.6M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.11.2%
Revenue
$31.5M
+8.2% vs prior year
Total debt
$5.4M
Current ratio
0.12x
short-term assets / bills due
Free cash flow
-$6.6M
-21.0% of revenue
From annual reports filed with the SEC. 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 Mar 31, 2026
Reported Aug 26
Revenue
$7.8M
+7.7% YoY
EPS
-$0.16
vs -$0.20
Op. margin
-26.5%
+13.9 pts
Gross margin
10.8%
-1.7 pts
Free cash flow
-$123K
Share count
+0.2%
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
0/ 100
This week
0
Normal week
0.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Cash runwayAt last year's cash burn
1 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
21M
Why high risk
Losing money, losses are large next to sales
About 1 month of cash left at its current burn
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
2 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Late quarterly report notice
Late annual report notice
Auditor change
Earnings reports
Last 5
Next reportAround Dec 23 (est.)Estimated from the same quarter last year
Results filedAug 26
Results filedNov 14, 2024
Results filedMay 23, 2024
Results filedApr 16, 2024
Results filedFeb 13, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days