A company still losing money with shrinking sales, with elevated risk. Institutions are trimming.
Going well
Sales up 89% last year
Watch out for
Sales down 13% in the latest quarter vs a year ago
About 9 months of cash left at its current burn
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions cut 11% from their holdings in the quarter ending June 2026 (79 bought, 83 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.48+1.4% that day
Company value
$1.3B
Share price times all shares
Price vs sales
9.9x
No profit over the last year, so this compares value with sales instead
Cash vs value
36%
A big cushion: cash is a large part of what the company is worth
Debt vs value
14%
Debt as a share of company value
From IAUX'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, Jun '26
$24.3M-13% vs a year earlier
Mar '24Tap a barJun '26
Last 12 months: $130.0M, up 70% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of IAUX. 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$483M
Profit in 5 years$48M
Price these guesses point to$0.84-43% vs $1.48 todayAbout -11% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 46% 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.-57.9%
PassDebt under half of equityNot relying on borrowed money.0.50x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-208.9%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$93.2M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.12.1%
Revenue
$95.2M
+89.1% vs prior year
Total debt
$174.7M
0.50x equity
Current ratio
0.73x
short-term assets / bills due
Free cash flow
-$93.2M
-97.9% 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 Jun 30, 2026
Reported Aug 10
Revenue
$24.3M
-12.5% YoY
EPS
-$0.06
vs -$0.05
Op. margin
-140.2%
-72.8 pts
Gross margin
35.4%
+32.5 pts
Free cash flow
-$71.1M
Share count
+41.6%
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
1.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-10.9%
Institutions cut 10.9% from their holdings. 79 bought, 83 sold.
Shares held by institutions325.8M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
67 months
Debt to equityLatest balance sheet: debt compared with what owners have
1.7x · $445.7M debt
Shares outstandingLatest reported
866M
Why elevated risk
Losing money, losses are large next to sales
Debt above equity: 1.73x
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 7
Next reportAround Nov 11 (est.)Estimated from the same quarter last year
Results filedAug 10
Results filedMay 12
Results filedFeb 19
Results filedNov 12, 2025
Results filedAug 13, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days