A company still losing money with growing sales. Institutions are adding.
Going well
Sales up 58% in the latest quarter vs a year ago
Sales up 26% last year
Watch out for
Losing money, losses are large next to sales
High debt: 2.37x equity
Money moves
Insiders sold $852K in the last 30 days, all through pre-planned sales
Institutions added 4.5% to their holdings in the quarter ending June 2026 (256 bought, 232 sold)
Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$13.76+2.6% that day
Company value
$4.9B
Share price times all shares
Price vs sales
13.1x
No profit over the last year, so this compares value with sales instead
Cash vs value
8%
Cash as a share of company value
Debt vs value
9%
Debt as a share of company value
From PL'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, Jul '26
$116.1M+58% vs a year earlier
Oct '23Tap a barJul '26
Last 12 months: $378.3M, up 44% from the 12 months before. Over 5 years, sales grew about 22% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of PL. 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$1.4B
Profit in 5 years$140M
Price these guesses point to$4.59-67% vs $13.76 todayAbout -20% 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.