A company still losing money with growing sales, with elevated risk. Institutions are adding.
Going well
Sales up 26% in the latest quarter vs a year ago
Little debt
Watch out for
About 15 months of cash left at its current burn
Losing money, losses are large next to sales
Revenue down 28.6% from the year before
Money moves
No insider buying or selling in the last 30 days
Institutions added 29% to their holdings in the quarter ending June 2026 (8 bought, 3 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.970.0% that day
Company value
$84M
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
3%
Cash as a share of company value
Debt vs value
2%
Debt as a share of company value
From MGLD'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 (worked out from yearly totals)
$6.9M+26% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $28.7M, up 6.6% from the 12 months before. Over 5 years, sales shrank about 2.6% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of MGLD. 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$40M
Profit in 5 years$4M
Price these guesses point to$1.28-35% vs $1.97 todayAbout -8.2% 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.-25.3%
PassDebt under half of equityNot relying on borrowed money.0.06x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-24.8%
MissProfitable every yearSteady profits, not one good year.8 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$3.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+6.8% in 3 years
Revenue
$23.4M
-28.6% vs prior year
5-year growth
-2.6%/yr
revenue, per year
Total debt
$1.3M
0.06x equity
Free cash flow
-$3.4M
-14.4% 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.
Latest quarter
Quarter ended Jun 30, 2026
Reported Sep 21
Revenue
$6.9M
+25.7% YoY
EPS
-$0.08
vs -$0.03
Op. margin
-55.6%
-33.5 pts
Gross margin
93.3%
+11.5 pts
Free cash flow
$129K
Share count
-0.2%
vs a year ago
Some values are worked out from year-to-date totals in the annual report.
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+29.0%
Institutions added 29.0% to their holdings. 8 bought, 3 sold. 4 quarters of net buying in a row.
Shares held by institutions805K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+2.6%
Cash runwayAt last year's cash burn
15 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.1x · $1.3M debt
Shares outstandingLatest reported
43M
Why moderate risk
Losing money
About 15 months of cash left at its current burn
Earnings reports
Last 12
Next reportAround Nov 9 (est.)Estimated from the same quarter last year
Results filedSep 21
Results filedMay 12
Results filedFeb 10
Results filedNov 10, 2025
Results filedSep 22, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.