A company still losing money with shrinking sales, with high risk.
Going well
Little debt
Watch out for
Sales down 64% in the latest quarter vs a year ago
About 7 months of cash left at its current burn
Losing money, losses are large next to sales
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
$0.42+5.0% that day
Company value
$14M
Share price times all shares
Price vs sales
0.95x
No profit over the last year, so this compares value with sales instead
Cash vs value
5%
Cash as a share of company value
Debt vs value
17%
Debt as a share of company value
From QNME'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 (worked out from yearly totals)
$742K-64% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $15.2M, up 49% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of QNME. 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$56M
Profit in 5 years$6M
Price these guesses point to$2.46+485% vs $0.42 todayAbout +42% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 8.7% 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.
1/5Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-75.9%
PassDebt under half of equityNot relying on borrowed money.0.20x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-29.5%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$2.7M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.8.7%
Revenue
$17.8M
-2.9% vs prior year
Total debt
$2.4M
0.20x equity
Current ratio
2.03x
short-term assets / bills due
Free cash flow
-$2.7M
-15.0% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported May 15, 2025
Revenue
$742K
-63.7% YoY
EPS
-$0.24
vs -$0.11
Op. margin
-915.5%
-915.3 pts
Gross margin
72.8%
+20.3 pts
Free cash flow
-$143K
Some values are worked out from year-to-date totals in the annual report.
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
60/ 100
This week
2
Normal week
1.3
vs normal
1.5x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Cash runwayAt last year's cash burn
3 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $46K debt
Shares outstandingLatest reported
34M
Why high risk
Losing money, losses are large next to sales
About 3 months of cash left at its current burn
5 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Late quarterly report notice
Earnings reports
Last 4
Next reportDue any dayEstimated from the same quarter last year
Results filedMay 15, 2025
Results filedFeb 14, 2025
Results filedNov 15, 2024
Results filedOct 1, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days