A company still losing money with shrinking sales, with high risk.
Going well
No debt reported
Watch out for
Exchange listing notice (a delisting warning or a move to another exchange)
About 9 months of cash left at its current burn
Share count growing 13.7% a year (dilution)
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
$3.51
Company value
$74M
Share price times all shares
Price vs sales
14.0x
No profit over the last year, so this compares value with sales instead
Cash vs value
4%
Cash as a share of company value
From BTLN'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 (worked out from yearly totals)
Not reported
Sep '23Tap a barJun '26
Over 5 years, sales grew about 22% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BTLN. 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$14M
Profit in 5 years$1M
Price these guesses point to$0.63-82% vs $3.51 todayAbout -29% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 72% a year for 5 years just to 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.