A company still losing money, with high risk. Institutions are adding.
Watch out for
About 7 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 86% to their holdings in the quarter ending June 2026 (35 bought, 10 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$2.56+2.8% that day
Company value
$111M
Share price times all shares
Price vs sales
32.7x
No profit over the last year, so this compares value with sales instead
Cash vs value
24%
Cash as a share of company value
From NRXP'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
Sep '23Tap a barJun '26
Last 12 months: $3.4M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of NRXP. 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$4M
Profit in 5 years$0M
Price these guesses point to$0.16-94% vs $2.56 todayAbout -43% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 83% 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.
1/5Weak
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.2 of 8 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$14.1M
PassShare count not growingNot diluting owners. Falling means buybacks.-2.4% in 3 years
Revenue
$1.4M
Current ratio
0.31x
short-term assets / bills due
Free cash flow
-$14.1M
-976.6% 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 Aug 17
Revenue
$1.1M
EPS
-$0.44
vs -$0.98
Op. margin
-590.8%
Gross margin
38.7%
Free cash flow
-$8.9M
Share count
+119.7%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+85.9%
Institutions added 85.9% to their holdings. 35 bought, 10 sold. 2 quarters of net buying in a row.
Shares held by institutions11.6M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
-19.0%
Cash runwayAt last year's cash burn
23 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
43M
Why high risk
Losing money, losses are large next to sales
About 23 months of cash left at its current burn
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
2 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Auditor change
Earnings reports
Last 11
Next reportAround Dec 4 (est.)Estimated from the same quarter last year
Results filedAug 17
Results filedAug 18, 2025
Results filedMay 21, 2025
Results filedMar 21, 2025
Results filedNov 15, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days