A company still losing money with steady sales, with elevated risk. Institutions are adding.
Going well
No debt reported
Watch out for
About 2 months of cash left at its current burn
Losing money
Money moves
Insiders sold $40K in the last 30 days
Institutions added 3.3% to their holdings in the quarter ending June 2026 (20 bought, 13 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$5.19-4.8% that day
Company value
$48M
Share price times all shares
Price vs sales
0.44x
No profit over the last year, so this compares value with sales instead
Cash vs value
44%
A big cushion: cash is a large part of what the company is worth
From EXOD'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
$26.2M+1.6% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $108.7M, down 14% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of EXOD. 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$64M
Profit in 5 years$6M
Price these guesses point to$10.35+99% vs $5.19 todayAbout +15% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 22% a year for 5 years and still 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.
1/4Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-4.5%
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.-9.3%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$25.8M
Revenue
$121.6M
+4.5% vs prior year
Total debt
None
0.00x equity
Free cash flow
-$25.8M
-21.2% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. 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 Jun 30, 2026
Reported Aug 10
Revenue
$26.2M
+1.6% YoY
Free cash flow
-$49.6M
Insider rating
Last 90 days
44Mixed
1 insider sold $39K (not pre-planned)
Pre-planned sales of $956 (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
1.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+3.3%
Institutions added 3.3% to their holdings. 20 bought, 13 sold. 2 quarters of net buying in a row.
Shares held by institutions3.2M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
10 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
9M
Why elevated risk
Losing money
About 10 months of cash left at its current burn
Earnings reports
Last 11
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 11
Results filedMay 1
Results filedMar 11
Results filedNov 10, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.