A company still losing money with shrinking sales.
Going well
No debt reported
Watch out for
Losing money, losses are large next to sales
Revenue down 33.1% from the year before
1 offering filing in 6 months (may sell new shares)
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
$11.94-3.2% that day
Company value
$5.3B
Share price times all shares
Price vs sales
48.4x
No profit over the last year, so this compares value with sales instead
Cash vs value
0%
Cash as a share of company value
From MAAS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
What the price assumes
Your guesses, our math
Move the sliders to your own view of MAAS. 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$139M
Profit in 5 years$14M
Price these guesses point to$0.47-96% vs $11.94 todayAbout -48% a year, before dividends
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.
3/6Mixed
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-20.6%
PassDebt under half of equityNot relying on borrowed money.No debt reported
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-25.1%
MissProfitable every yearSteady profits, not one good year.0 of 5 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$9.2M
PassShare count not growingNot diluting owners. Falling means buybacks.+0.9% in 3 years
Revenue
$109.1M
-33.1% vs prior year
Total debt
None
0.00x equity
Free cash flow
$9.2M
8.4% 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.
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
52/ 100
This week
1
Normal week
0.9
vs normal
1.1x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Newly held
Institutions held almost none of it the quarter before (new listing, spin-off or ticker change), so there's no fair percent change yet. 10 bought, 1 sold.
Shares held by institutions297K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+395.5%
Cash runwayAt last year's cash burn
13 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
442M
Why high risk
Losing money, losses are large next to sales
About 13 months of cash left at its current burn
Share count growing 395.5% a year (dilution)
Revenue down 75.2% from the year before
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days