A company still losing money with growing sales, with high risk. Institutions are trimming.
Going well
Sales up 21% in the latest quarter vs a year ago
Sales up 22% last year
Sales growth speeding up
Watch out for
About 6 months of cash left at its current burn
Losing money, losses are large next to sales
2 offering filings in 6 months (may sell new shares)
Money moves
No insider buying or selling in the last 30 days
Institutions cut 56% from their holdings in the quarter ending June 2026 (1 bought, 7 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.72-28.0% that day
Company value
$84M
Share price times all shares
Price vs sales
27.9x
No profit over the last year, so this compares value with sales instead
Cash vs value
4%
Cash as a share of company value
From ETS'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 10 quarters, from SEC filings
Sales, Aug '26
$766K+21% vs a year earlier
Feb '24Tap a barAug '26
Last 12 months: $3.0M, up 18% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of ETS. 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$7M
Profit in 5 years$1M
Price these guesses point to$0.21-88% vs $1.72 todayAbout -34% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 79% 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.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-30.0%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-82.0%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$2.9M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.0.7%
Revenue
$2.7M
+21.6% vs prior year
Total debt
None
0.00x equity
Current ratio
24.13x
short-term assets / bills due
Free cash flow
-$2.9M
-109.0% 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. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Aug 31, 2026
Reported Oct 14After close4:11 pm ET
Revenue
$766K
+20.9% YoY
EPS
-$0.02
vs -$0.01
Op. margin
-120.2%
-97.4 pts
Gross margin
12.5%
+11.4 pts
Free cash flow
-$397K
Share count
+256.1%
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
67/ 100
This week
1
Normal week
0.5
vs normal
2.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-56.3%
Institutions cut 56.3% from their holdings. 1 bought, 7 sold. 2 quarters of net selling in a row.
Shares held by institutions88K
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
13 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
49M
Why high risk
Losing money, losses are large next to sales
About 13 months of cash left at its current burn
3 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Auditor change
Earnings reports
Last 5
Next reportAround Feb 26, 2027 (est.)Estimated from the same quarter last year
Results filedOct 14
Results filedJul 14
Results filedApr 13
Results filedFeb 27
Results filedOct 14, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days