A company still losing money with growing sales, with high risk. Insiders and institutions are both adding.
Going well
Sales up 116% in the latest quarter vs a year ago
Sales up 33% last year
No debt reported
Watch out for
About 9 months of cash left at its current burn
Share count growing 65.5% a year (dilution)
Losing money, losses are large next to sales
Money moves
3 insiders bought $12K of shares with their own money in the last 30 days
Institutions added 34% to their holdings in the quarter ending June 2026 (24 bought, 7 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$7.35-1.3% that day
Latest insider buy: A CFO bought at $4.84 on Oct 8. The stock is now $7.35, +51.9% since.
Company value
$92M
Share price times all shares
Price vs sales
17.4x
No profit over the last year, so this compares value with sales instead
Cash vs value
9%
Cash as a share of company value
From NRXS'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
$1.9M+116% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $5.3M, up 65% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of NRXS. 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$20M
Profit in 5 years$2M
Price these guesses point to$1.46-80% vs $7.35 todayAbout -28% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 80% 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.
2/5Weak
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.-218.5%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$6.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+353.4% in 3 years
PassGross margin 40%+Pricing power: sells for well above what it costs to make.84.2%
Revenue
$3.6M
+32.9% vs prior year
Total debt
None
0.00x equity
Current ratio
2.05x
short-term assets / bills due
Free cash flow
-$6.5M
-181.1% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, profitable every year. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Apr 21
Revenue
$1.9M
+115.7% YoY
EPS
-$0.19
vs -$0.22
Op. margin
-110.2%
+81.9 pts
Gross margin
85.9%
+2.3 pts
Free cash flow
-$1.0M
Share count
+42.2%
vs a year ago
Insider rating
Last 90 days
85Strong buying
3 insiders bought $12K
Cluster buy: 3 insiders within 1 day
Top executive buying (Chief Financial Officer)
Timothy Robert Henrichs grew their stake 25.5%
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend
13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
1.8
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+33.9%
Institutions added 33.9% to their holdings. 24 bought, 7 sold. 3 quarters of net buying in a row.
Shares held by institutions2.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+37.9%
Cash runwayAt last year's cash burn
16 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
13M
Why high risk
Losing money, losses are large next to sales
About 16 months of cash left at its current burn
Share count growing 37.9% a year (dilution)
3 offering filings in 6 months (may sell new shares)
Earnings reports
Last 7
Next reportDue any dayEstimated from the same quarter last year
Results filedApr 21
Results filedOct 23, 2025
Results filedJan 8, 2025
Results filedNov 12, 2024
Results filedAug 9, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days