A company still losing money with shrinking sales, with elevated risk.
Going well
No debt reported
Watch out for
Share count growing 14.2% a year (dilution)
Losing money, losses are large next to sales
Revenue down 32.3% from the year before
Money moves
No insider buying or selling in the last 30 days
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$1.47-10.9% that day
Company value
$19M
Share price times all shares
Price vs sales
1.7x
No profit over the last year, so this compares value with sales instead
Cash vs value
26%
Cash as a share of company value
From OPNW'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-58% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $11.1M, down 50% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of OPNW. 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$7M
Profit in 5 years$1M
Price these guesses point to$0.46-68% vs $1.47 todayAbout -21% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 13% 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.
2/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-46.3%
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.-29.9%
MissProfitable every yearSteady profits, not one good year.1 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$585K
MissShare count not growingNot diluting owners. Falling means buybacks.+49.1% in 3 years
Revenue
$16.4M
-32.3% vs prior year
5-year growth
+116.7%/yr
revenue, per year
Total debt
None
0.00x equity
Free cash flow
$585K
3.6% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.
Latest quarter
New results, as stated in the press release
Reported Oct 26After close4:30 pm ET
Revenue
$6.9M
Revenue and EPS as the company states them. Margins, cash flow and share count fill in with the 10-Q.
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
30/ 100
This week
2
Normal week
5.0
vs normal
0.4x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+9.9%
Cash runwayAt last year's cash burn
Cash flow positive
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
Share count growing 9.9% a year
Revenue down 32.3% from the year before
4 offering filings in 6 months (may sell new shares)
Auditor change
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportAround Jan 25, 2027 (est.)Estimated from the same quarter last year
Results filedOct 26
Results filedAug 14
Results filedMay 15
Results filedMar 30
Results filedNov 17, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days