← BackMeridian Holdings Inc./NV · SoftwareMRDN
High riskNext report: In 2 days (est.)
The short versionA company still losing money with growing sales. Institutions are adding.
Going well
- Sales up 16% in the latest quarter vs a year ago
- Sales up 21% last year
- Buying back shares: share count down 59% in 3 years
Watch out for
- 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 added 30% to their holdings in the quarter ending June 2026 (31 bought, 22 sold)
Facts from SEC filings, not a recommendation.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$50.2M+16% vs a year earlier
Dec '23Tap a barJun '26
Last 12 months: $197.2M, up 14% from the 12 months before.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.-121.3%
- PassDebt under half of equityNot relying on borrowed money.0.37x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-50.3%
- MissProfitable every yearSteady profits, not one good year.5 of 9 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$19.2M
- PassShare count not growingNot diluting owners. Falling means buybacks.-58.7% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.56.6%
- Revenue
- $182.9M
- +21.0% vs prior year
- 5-year growth
- +103.6%/yr
- revenue, per year
- Total debt
- $17.2M
- 0.37x equity
- Current ratio
- 0.59x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $50.2M
- +16.1% YoY
- EPS
- $0.17
- vs -$0.31
- Op. margin
- 4.9%
- +10.2 pts
- Gross margin
- 53.5%
- -2.9 pts
- Free cash flow
- $7.8M
- Share count
- +11.0%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 1.0
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+30.3%Institutions added 30.3% to their holdings. 31 bought, 22 sold. 2 quarters of net buying in a row.
Shares held by institutions662K
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-30.4%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.2x · $10.2M debtShares outstandingLatest reported
13MWhy high risk- Losing money, losses are large next to sales
- Bills due within a year exceed short-term assets
- Exchange listing notice (a delisting warning or a move to another exchange)
Next reportIn 2 days (est.)Estimated from the same quarter last year
- Results filedJul 29
- Results filedApr 28
- Results filedMar 31
- Results filedOct 30, 2025
- Results filedAug 6, 2025
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.