A company still losing money with shrinking sales, with high risk.
Going well
Sales up 192% last year
Watch out for
Sales down 57% in the latest quarter vs a year ago
About 4 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
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.31+4.0% that day
Company value
$10M
Share price times all shares
Price vs sales
2.4x
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
223%
Owes more than the whole company is worth
From KITT'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
$886K-57% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $4.1M, up 32% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of KITT. 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$15M
Profit in 5 years$2M
Price these guesses point to$2.75+110% vs $1.31 todayAbout +16% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 12% 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.
0/5Weak
MissDebt under half of equityNot relying on borrowed money.3.11x 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.0 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$23.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+5.6% in 3 years
Revenue
$5.3M
+191.8% vs prior year
Total debt
$21.8M
3.11x equity
Current ratio
0.26x
short-term assets / bills due
Free cash flow
-$23.0M
-436.1% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported May 15, 2025
Revenue
$886K
-57.3% YoY
EPS
-$2.11
vs -$18.50
Op. margin
-678.2%
-368.8 pts
Free cash flow
-$7.1M
Share count
+1232.4%
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
1.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-23.3%
Cash runwayAt last year's cash burn
1 months
Debt to equityLatest balance sheet: debt compared with what owners have
4.2x · $21.6M debt
Shares outstandingLatest reported
7M
Why high risk
Losing money, losses are large next to sales
About 1 month of cash left at its current burn
High debt: 4.17x equity
Bills due within a year exceed short-term assets
6 offering filings in 6 months (may sell new shares)
Late annual report notice
Auditor change
Earnings reports
Last 10
Next reportDue any dayEstimated from the same quarter last year
Results filedMay 15, 2025
Results filedApr 16, 2025
Results filedNov 13, 2024
Results filedAug 14, 2024
Results filedMay 14, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days