A company still losing money with shrinking sales. Institutions are adding.
Going well
Sales up 14% last year
Watch out for
Sales down 15% in the latest quarter vs a year ago
Losing money
Bills due within a year exceed short-term assets
Money moves
No insider buying or selling in the last 30 days
Institutions added 28% to their holdings in the quarter ending June 2026 (8 bought, 6 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$2.26-10.0% that day
Company value
$103M
Share price times all shares
Price vs sales
0.55x
No profit over the last year, so this compares value with sales instead
Cash vs value
2%
Cash as a share of company value
From BTOC'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)
$43.1M-15% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $185.8M, down 2.4% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of BTOC. 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$168M
Profit in 5 years$17M
Price these guesses point to$5.54+145% vs $2.26 todayAbout +20% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 18% 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
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-59.4%
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-8.1%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.4M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.-1.6%
Revenue
$190.4M
+14.0% vs prior year
Current ratio
0.65x
short-term assets / bills due
Free cash flow
-$1.4M
-0.8% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: debt under half of equity, profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported May 13
Revenue
$43.1M
-15.3% YoY
EPS
-$0.12
vs -$0.13
Op. margin
-12.9%
-5.0 pts
Gross margin
12.9%
+13.2 pts
Free cash flow
-$675K
Some values are worked out from year-to-date totals in the annual report.
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
2
Normal week
0.3
vs normal
4.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+27.8%
Institutions added 27.8% to their holdings. 8 bought, 6 sold.
Shares held by institutions1.0M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
5 months
Debt to equityLatest balance sheet: debt compared with what owners have
Total liabilities $122.7M
Shares outstandingLatest reported
45M
Why high risk
Losing money
About 5 months of cash left at its current burn
Bills due within a year exceed short-term assets
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 4
Next reportDue any dayEstimated from the same quarter last year
Results filedMay 13
Results filedSep 25, 2025
Results filedMay 15, 2025
Results filedSep 26, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days