A company still losing money with shrinking sales, with high risk. Institutions are trimming.
Watch out for
Owes more than it owns (negative equity)
Losing money, losses are large next to sales
Bills due within a year exceed short-term assets
Money moves
No insider buying or selling in the last 30 days
Institutions cut 47% from their holdings in the quarter ending June 2026 (0 bought, 7 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$0.38-5.0% that day
Company value
$5M
Share price times all shares
Price vs sales
0.64x
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
8%
Debt as a share of company value
From PLAG'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
$790K
Sep '23Tap a barJun '26
Last 12 months: $8.4M, up 160% from the 12 months before. Over 5 years, sales shrank about 3.5% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of PLAG. 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$0.76+101% vs $0.38 todayAbout +15% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 16% a year for 5 years and still 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.
0/5Weak
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.2 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$1.8M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.3.3%
Revenue
$3.0M
-35.2% vs prior year
5-year growth
-3.5%/yr
revenue, per year
Total debt
$419K
Current ratio
0.58x
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. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Nov 21, 2011
Revenue
$790K
+25146.1% YoY
Op. margin
-146.9%
+9284.8 pts
Gross margin
-89.0%
-135.6 pts
Free cash flow
-$5.1M
Share count
+95.4%
vs a year ago
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
0/ 100
This week
0
Normal week
0.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-46.5%
Institutions cut 46.5% from their holdings. 0 bought, 7 sold.
Shares held by institutions44K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+25.4%
Cash runwayAt last year's cash burn
2 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
14M
Why high risk
Losing money, losses are large next to sales
About 2 months of cash left at its current burn
Share count growing 25.4% a year (dilution)
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Revenue down 35.2% from the year before
2 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportDue any dayEstimated from the same quarter last year
Results filedNov 21, 2011
Results filedAug 17, 2011
Results filedMay 17, 2011
Results filedApr 1, 2011
Results filedNov 18, 2010
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days