A company still losing money with growing sales, with high risk. Institutions are adding.
Going well
Sales up 255% last year
Little debt
Watch out for
About 3 months of cash left at its current burn
Losing money, losses are large next to sales
1 offering filing in 6 months (may sell new shares)
Money moves
Insiders sold $62K in the last 30 days, all through pre-planned sales
Institutions added 6.2% to their holdings in the quarter ending June 2026 (124 bought, 109 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$61.56-0.2% that day
Company value
$5.5B
Share price times all shares
Cash vs value
0%
Cash as a share of company value
Debt vs value
0%
Debt as a share of company value
From CGON'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
$1.2M
Sep '23Tap a barJun '26
Last 12 months: $6.2M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of CGON. 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$0.13-100% vs $61.56 todayAbout -71% a year, before dividends
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.
1/4Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-21.7%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$132.5M
Revenue
$4.0M
+254.7% vs prior year
Total debt
$3.0M
0.00x equity
Current ratio
24.63x
short-term assets / bills due
Free cash flow
-$132.5M
-3279.2% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 6
Revenue
$1.2M
EPS
-$0.90
vs -$0.54
Op. margin
-7467.7%
Free cash flow
-$46.9M
Share count
+15.7%
vs a year ago
Insider rating
Last 90 days
48Mixed
Pre-planned sales of $62K (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
2.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+6.2%
Institutions added 6.2% to their holdings. 124 bought, 109 sold. 7 quarters of net buying in a row.
Shares held by institutions93.8M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
2 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $3.0M debt
Shares outstandingLatest reported
89M
Why high risk
Losing money, losses are large next to sales
About 2 months of cash left at its current burn
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 10
Next reportAround Nov 13 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 8
Results filedFeb 27
Results filedNov 14, 2025
Results filedAug 8, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days