A company still losing money with steady sales, with high risk. Institutions are adding.
Watch out for
About 11 months of cash left at its current burn
Owes more than it owns (negative equity)
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions added 16% to their holdings in the quarter ending June 2026 (148 bought, 66 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$11.25+11.7% that day
Company value
$1.9B
Share price times all shares
Cash vs value
4%
Cash as a share of company value
Debt vs value
14%
Debt as a share of company value
From NN'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
$1.1M-4.3% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $4.0M, down 36% from the 12 months before. Over 5 years, sales grew about 52% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of NN. 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$2M
Profit in 5 years$0M
Price these guesses point to$0.02-100% vs $11.25 todayAbout -72% 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.
0/4Weak
MissDebt under half of equityNot relying on borrowed money.Owes more than it owns
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 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$50.8M
Revenue
$4.6M
-19.3% vs prior year
5-year growth
+51.7%/yr
revenue, per year
Total debt
$273.6M
Current ratio
12.71x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 11
Revenue
$1.1M
-4.3% YoY
EPS
-$0.24
vs -$0.48
Op. margin
-1760.8%
-326.5 pts
Free cash flow
-$18.0M
Share count
+7.0%
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
1.7
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+16.3%
Institutions added 16.3% to their holdings. 148 bought, 66 sold. 3 quarters of net buying in a row.
Shares held by institutions102.2M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+15.9%
Cash runwayAt last year's cash burn
18 months
Debt to equityLatest balance sheet: debt compared with what owners have