A profitable company with shrinking sales. Institutions are adding.
Going well
Profitable
Watch out for
Share count growing 49.2% a year (dilution)
Revenue down 15% from the year before
Money moves
No insider buying or selling in the last 30 days
Institutions added 16% to their holdings in the quarter ending June 2026 (18 bought, 11 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$0.81-2.4% that day
Company value
$36M
Share price times all shares
Price vs sales
3.0x
No profit over the last year, so this compares value with sales instead
Cash vs value
56%
A big cushion: cash is a large part of what the company is worth
Debt vs value
73%
Debt as a share of company value
From ELUT'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
$2.4M-12% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $12.1M, down 0.3% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of ELUT. 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$12M
Profit in 5 years$1M
Price these guesses point to$0.26-68% vs $0.81 todayAbout -21% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 26% 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.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/4Weak
MissDebt under half of equityNot relying on borrowed money.0.94x equity
MissProfitable every yearSteady profits, not one good year.1 of 7 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$46.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+232.1% in 3 years
Revenue
$12.3M
Total debt
$26.1M
0.94x equity
Current ratio
2.22x
short-term assets / bills due
Free cash flow
-$46.7M
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, net margin 10%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 13
Revenue
$2.4M
-11.6% YoY
EPS
-$0.17
vs -$0.26
Op. margin
-327.9%
-23.4 pts
Gross margin
59.6%
+6.7 pts
Free cash flow
-$8.6M
Share count
-4.5%
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
0/ 100
This week
0
Normal week
0.8
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+15.6%
Institutions added 15.6% to their holdings. 18 bought, 11 sold.
Shares held by institutions17.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+39.6%
Cash runwayAt last year's cash burn
5 months
Debt to equityLatest balance sheet: debt compared with what owners have
1.7x · $26.1M debt
Shares outstandingLatest reported
44M
Why high risk
Share count growing 39.6% a year (dilution)
Debt above equity: 1.66x
Revenue down 15% from the year before
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportAround Nov 5 (est.)Estimated from the same quarter last year
Results filedAug 13
Results filedMay 14
Results filedMar 11
Results filedJan 12
Results filedNov 6, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days