A company still losing money with shrinking sales, with elevated risk. Institutions are adding.
Watch out for
Late quarterly report notice
Losing money
Money moves
No insider buying or selling in the last 30 days
Institutions added 78% to their holdings in the quarter ending June 2026 (7 bought, 4 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.60-7.0% that day
Company value
$10M
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
16%
Cash as a share of company value
Debt vs value
22%
Debt as a share of company value
From BTBD'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
$3.6M-6.1% vs a year earlier
Dec '23Tap a barJun '26
Last 12 months: $12.9M, down 11% from the 12 months before. Over 5 years, sales grew about 11% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BTBD. 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$8M
Profit in 5 years$1M
Price these guesses point to$1.84+15% vs $1.60 todayAbout +2.9% 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.
2/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-10.3%
PassDebt under half of equityNot relying on borrowed money.0.33x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-5.1%
MissProfitable every yearSteady profits, not one good year.3 of 8 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$112K
Revenue
$13.5M
-9.0% vs prior year
5-year growth
+10.6%/yr
revenue, per year
Total debt
$2.1M
0.33x equity
Current ratio
4.84x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 28, 2026
Reported Apr 3
Revenue
$3.6M
-6.1% YoY
EPS
$0.09
vs $0.01
Op. margin
3.3%
+5.3 pts
Free cash flow
$162K
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
0.2
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+77.8%
Institutions added 77.8% to their holdings. 7 bought, 4 sold.
Shares held by institutions221K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-0.3%
Cash runwayAt last year's cash burn
26 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.3x · $2.0M debt
Shares outstandingLatest reported
6M
Why high risk
Losing money
Late quarterly report notice
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 1
Next reportNot enough history
Results filedApr 3
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days