A company still losing money with shrinking sales, with high risk. Institutions are adding.
Watch out for
Sales down 90% in the latest quarter vs a year ago
About 9 months of cash left at its current burn
Share count growing 47.1% a year (dilution)
Money moves
Insiders sold $95K in the last 30 days, all through pre-planned sales
Institutions added 20% to their holdings in the quarter ending June 2026 (47 bought, 28 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$5.54-0.9% that day
Company value
$333M
Share price times all shares
Price vs sales
10.4x
No profit over the last year, so this compares value with sales instead
Cash vs value
6%
Cash as a share of company value
Debt vs value
5%
Debt as a share of company value
From OBIO'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
$88K-89% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $32.0M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of OBIO. 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$41M
Profit in 5 years$4M
Price these guesses point to$0.63-89% vs $5.54 todayAbout -35% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 62% 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.
0/4Weak
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-157.4%
MissProfitable every yearSteady profits, not one good year.0 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$49.5M
MissShare count not growingNot diluting owners. Falling means buybacks.+218.6% in 3 years
Revenue
$33.5M
Total debt
$15.0M
Current ratio
6.45x
short-term assets / bills due
Free cash flow
-$49.5M
-147.7% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Revenue
$88K
-89.5% YoY
EPS
-$0.38
vs -$0.50
Op. margin
-25404.5%
-23092.7 pts
Gross margin
71.6%
-22.9 pts
Free cash flow
-$19.6M
Share count
+66.2%
vs a year ago
Insider rating
Last 90 days
48Mixed
Pre-planned sales of $95K (weaker signal)
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
1.4
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+19.9%
Institutions added 19.9% to their holdings. 47 bought, 28 sold. 2 quarters of net buying in a row.
Shares held by institutions27.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+18.9%
Cash runwayAt last year's cash burn
5 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.8x · $14.4M debt
Shares outstandingLatest reported
60M
Why high risk
Losing money, losses are large next to sales
About 5 months of cash left at its current burn
Share count growing 18.9% a year (dilution)
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.