A company still losing money with growing sales, with high risk. Institutions are adding.
Going well
Sales up 233% in the latest quarter vs a year ago
Watch out for
About 3 months of cash left at its current burn
Owes more than it owns (negative equity)
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions added 81% to their holdings in the quarter ending June 2026 (17 bought, 6 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$3.84-1.0% that day
Company value
$49M
Share price times all shares
Cash vs value
20%
Cash as a share of company value
Debt vs value
36%
Debt as a share of company value
From CLNN'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
$90K+233% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $197K, down 31% from the 12 months before. Over 5 years, sales shrank about 0.6% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of CLNN. 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$0M
Profit in 5 years$0M
Price these guesses point to$0.01-100% vs $3.84 todayAbout -68% 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.
0/4Weak
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.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.0 of 7 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$18.6M
Revenue
$200K
-41.5% vs prior year
5-year growth
-0.6%/yr
revenue, per year
Total debt
$17.8M
Current ratio
0.83x
short-term assets / bills due
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, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 14
Revenue
$90K
+233.3% YoY
Op. margin
-5941.1%
+15777.4 pts
Gross margin
60.0%
-40.0 pts
Free cash flow
-$2.6M
Share count
+28.6%
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
63/ 100
This week
3
Normal week
1.8
vs normal
1.7x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+80.5%
Institutions added 80.5% to their holdings. 17 bought, 6 sold.
Shares held by institutions3.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+26.0%
Cash runwayAt last year's cash burn
6 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
13M
Why high risk
Losing money, losses are large next to sales
About 6 months of cash left at its current burn
Share count growing 26% a year (dilution)
Owes more than it owns (negative equity)
Revenue down 41.5% from the year before
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 14
Results filedMay 14
Results filedMar 12
Results filedNov 13, 2025
Results filedOct 14, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days