A company still losing money with growing sales. Institutions are trimming.
Going well
Sales up 89% last year
Watch out for
Owes more than it owns (negative equity)
Losing money
Bills due within a year exceed short-term assets
Money moves
No insider buying or selling in the last 30 days
Institutions cut 7% from their holdings in the quarter ending June 2026 (2 bought, 6 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$11.70+2.3% that day
Company value
$4.2B
Share price times all shares
Price vs sales
43.9x
No profit over the last year, so this compares value with sales instead
From COE's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
What the price assumes
Your guesses, our math
Move the sliders to your own view of COE. 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$56M
Profit in 5 years$6M
Price these guesses point to$0.21-98% vs $11.70 todayAbout -55% 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.
2/6Weak
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.-17.6%
MissProfitable every yearSteady profits, not one good year.2 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$9.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+5.8% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.73.9%
Revenue
$95.6M
+88.6% vs prior year
5-year growth
-21.2%/yr
revenue, per year
Current ratio
0.63x
short-term assets / bills due
Free cash flow
$9.5M
10.0% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Insider rating
Last 90 days
83Strong buying
1 insider bought $32.3M
Top executive buying (Chief Executive Officer)
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
50/ 100
This week
1
Normal week
1.0
vs normal
1.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-7.0%
Institutions cut 7.0% from their holdings. 2 bought, 6 sold. 3 quarters of net selling in a row.
Shares held by institutions694K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.1%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
359M
Why moderate risk
Losing money
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days