A company still losing money with shrinking sales. Institutions are trimming.
Going well
Little debt
Watch out for
Losing money, losses are large next to sales
Revenue down 92.5% from the year before
Money moves
No insider buying or selling in the last 30 days
Institutions cut 33% from their holdings in the quarter ending June 2026 (10 bought, 18 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$5.95+2.9% that day
Company value
$30M
Share price times all shares
Price vs sales
12.4x
No profit over the last year, so this compares value with sales instead
Cash vs value
82%
A big cushion: cash is a large part of what the company is worth
Debt vs value
1%
Debt as a share of company value
From FGC'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
$242K-97% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $2.4M, down 92% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of FGC. 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$1M
Profit in 5 years$0M
Price these guesses point to$0.42-93% vs $5.95 todayAbout -41% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 53% 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.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-61.3%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
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.6 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$6.3M
PassShare count not growingNot diluting owners. Falling means buybacks.-0.4% in 3 years
Revenue
$2.4M
-92.5% vs prior year
Total debt
$203K
0.00x equity
Free cash flow
-$6.3M
-259.0% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Nov 21, 2025
Revenue
$242K
-97.3% YoY
EPS
-$3.07
vs $19.63
Op. margin
-886.4%
-868.8 pts
Free cash flow
-$4.5M
Share count
+2274.6%
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
0/ 100
This week
0
Normal week
0.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-32.9%
Institutions cut 32.9% from their holdings. 10 bought, 18 sold.
Shares held by institutions1.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+43.8%
Cash runwayAt last year's cash burn
48 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $203K debt
Shares outstandingLatest reported
5M
Why elevated risk
Losing money, losses are large next to sales
Share count growing 43.8% a year (dilution)
Revenue down 92.5% from the year before
Auditor change
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedNov 21, 2025
Results filedApr 2, 2025
Results filedNov 14, 2024
Results filedAug 14, 2024
Results filedJun 20, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days