A company still losing money with steady sales, with elevated risk. Institutions are adding.
Watch out for
About 4 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
Insiders sold $500K in the last 30 days, all through pre-planned sales
Institutions added 31% to their holdings in the quarter ending June 2026 (89 bought, 58 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$0.72-2.7% that day
Company value
$244M
Share price times all shares
Price vs sales
55.3x
No profit over the last year, so this compares value with sales instead
Cash vs value
41%
A big cushion: cash is a large part of what the company is worth
Debt vs value
12%
Debt as a share of company value
From OCGN'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
$1.5M+8.4% vs a year earlier
Sep '23Tap a barJun '26
What the price assumes
Your guesses, our math
Move the sliders to your own view of OCGN. 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$3M
Profit in 5 years$0M
Price these guesses point to$0.01-98% vs $0.72 todayAbout -55% 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 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$57.1M
Revenue
$4.4M
+8.8% vs prior year
5-year growth
+152.5%/yr
revenue, per year
Total debt
$28.8M
Current ratio
1.06x
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 6
Revenue
$1.5M
+8.4% YoY
EPS
-$0.07
vs -$0.05
Op. margin
-1105.1%
-100.4 pts
Free cash flow
-$12.2M
Share count
+16.0%
vs a year ago
Insider rating
Last 90 days
46Mixed
Pre-planned sales of $500K (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
1.3
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+31.0%
Institutions added 31.0% to their holdings. 89 bought, 58 sold. 3 quarters of net buying in a row.
Shares held by institutions145.1M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+9.9%
Cash runwayAt last year's cash burn
21 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
339M
Why high risk
Losing money, losses are large next to sales
About 21 months of cash left at its current burn
Share count growing 9.9% a year
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)
Earnings reports
Last 12
Next reportIn 7 days (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 7
Results filedMay 5
Results filedMay 4
Results filedMar 4
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days