A company still losing money with growing sales, with elevated risk. Institutions are adding.
Going well
Sales up 39% in the latest quarter vs a year ago
Watch out for
About 15 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 added 6.9% to their holdings in the quarter ending June 2026 (15 bought, 9 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$4.18+0.5% that day
Company value
$157M
Share price times all shares
Price vs sales
2.9x
No profit over the last year, so this compares value with sales instead
Cash vs value
14%
Cash as a share of company value
Debt vs value
11%
Debt as a share of company value
From FOCL'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 4 quarters, from SEC filings
Sales, Jun '26
$13.2M
Mar '25Tap a barJun '26
Last 12 months: $54.8M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of FOCL. 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$70M
Profit in 5 years$7M
Price these guesses point to$2.41-42% vs $4.18 todayAbout -10% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 17% 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.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-94.5%
MissDebt under half of equityNot relying on borrowed money.0.93x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-41.5%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$16.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+8.9% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.42.5%
Revenue
$70.5M
+1.6% vs prior year
Total debt
$18.0M
0.93x equity
Current ratio
1.54x
short-term assets / bills due
Free cash flow
-$16.4M
-23.3% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 13
Revenue
$13.2M
+38.8% YoY
EPS
-$0.39
vs -$0.17
Op. margin
-60.8%
+8.8 pts
Gross margin
55.6%
+4.5 pts
Free cash flow
-$3.7M
Share count
+0.3%
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
1.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+6.9%
Institutions added 6.9% to their holdings. 15 bought, 9 sold.
Shares held by institutions15.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.9%
Cash runwayAt last year's cash burn
16 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
38M
Why high risk
Losing money, losses are large next to sales
About 16 months of cash left at its current burn
Owes more than it owns (negative equity)
2 offering filings in 6 months (may sell new shares)
Earnings reports
Last 5
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 13
Results filedAug 11
Results filedMay 7
Results filedMar 25
Results filedJan 12
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days