A company still losing money, with elevated risk. Institutions are trimming.
Going well
Little debt
Watch out for
About 4 months of cash left at its current burn
Losing money, losses are large next to sales
Bills due within a year exceed short-term assets
Money moves
No insider buying or selling in the last 30 days
Institutions cut 36% from their holdings in the quarter ending June 2026 (17 bought, 25 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$3.30-1.8% that day
Company value
$44M
Share price times all shares
Price vs sales
4.0x
No profit over the last year, so this compares value with sales instead
Cash vs value
9%
Cash as a share of company value
Debt vs value
60%
Debt as a share of company value
From FRMM'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
$1.4M
Sep '23Tap a barJun '26
Last 12 months: $10.8M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of FRMM. 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$14M
Profit in 5 years$1M
Price these guesses point to$1.56-53% vs $3.30 todayAbout -14% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 22% 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.
1/4Weak
PassDebt under half of equityNot relying on borrowed money.0.11x 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.2 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$26.1M
Revenue
$6.5M
Total debt
$25.9M
0.11x equity
Free cash flow
-$26.1M
-397.9% 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: return on equity 15%+, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported May 14
Revenue
$1.4M
EPS
-$0.73
vs -$2.36
Op. margin
-728.4%
Gross margin
29.2%
Free cash flow
-$12.4M
Share count
+2889.9%
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
54/ 100
This week
1
Normal week
0.8
vs normal
1.2x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-36.0%
Institutions cut 36.0% from their holdings. 17 bought, 25 sold.
Shares held by institutions4.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+35.2%
Cash runwayAt last year's cash burn
2 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $17.2M debt
Shares outstandingLatest reported
13M
Why high risk
Losing money, losses are large next to sales
About 2 months of cash left at its current burn
Share count growing 35.2% a year (dilution)
1 offering filing in 6 months (may sell new shares)
Late annual report notice
Earnings reports
Last 3
Next reportDue any dayEstimated from the same quarter last year
Results filedMay 14
Results filedMar 31
Results filedNov 14, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days