A company still losing money with steady sales, with elevated risk.
Watch out for
Share count growing 57.4% a year (dilution)
Losing money, losses are large next to sales
Revenue down 19.6% 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
$0.59
Company value
$1M
Share price times all shares
Price vs sales
0.12x
No profit over the last year, so this compares value with sales instead
Debt vs value
1876%
Owes more than the whole company is worth
From PWCM'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
$2.1M+9.8% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $8.8M, up 16% from the 12 months before. Over 5 years, sales grew about 48% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of PWCM. 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$18M
Profit in 5 years$2M
Price these guesses point to$9.56+1521% vs $0.59 todayAbout +75% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 34% 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.
0/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-79.8%
MissDebt under half of equityNot relying on borrowed money.0.65x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-305.0%
MissProfitable every yearSteady profits, not one good year.1 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$16.2M
MissShare count not growingNot diluting owners. Falling means buybacks.+289.9% in 3 years
Revenue
$8.8M
-19.6% vs prior year
5-year growth
+47.6%/yr
revenue, per year
Total debt
$19.9M
0.65x equity
Free cash flow
-$16.2M
-183.1% 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
Quarter ended Jun 30, 2026
Reported Oct 8
Revenue
$2.1M
+9.8% YoY
EPS
-$5.26
vs $12.25
Op. margin
-182.1%
-204.1 pts
Free cash flow
-$4.0M
Share count
+10554.5%
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
45/ 100
This week
1
Normal week
1.3
vs normal
0.8x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+94.3%
Cash runwayAt last year's cash burn
1 months
Debt to equityLatest balance sheet: debt compared with what owners have
1.1x · $19.4M debt
Shares outstandingLatest reported
2M
Why high risk
Losing money, losses are large next to sales
About 1 month of cash left at its current burn
Share count growing 94.3% a year (dilution)
Debt above equity: 1.12x
Bills due within a year exceed short-term assets
Revenue down 19.6% from the year before
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportAround Dec 17 (est.)Estimated from the same quarter last year
Results filedOct 8
Results filedSep 30
Results filedSep 9
Results filedAug 20
Results filedAug 14
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days