A company still losing money with growing sales, with elevated risk. Institutions are adding.
Going well
Sales up 257% last year
Watch out for
Losing money, losses are large next to sales
Bills due within a year exceed short-term assets
17 offering filings in 6 months (may sell new shares)
Money moves
No insider buying or selling in the last 30 days
Institutions added 273% to their holdings in the quarter ending June 2026 (104 bought, 12 sold)
Held by George Soros (Soros Fund), Leopold Aschenbrenner (Situational Awareness)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$23.50+2.4% that day
Company value
$441M
Share price times all shares
Price vs sales
150.6x
No profit over the last year, so this compares value with sales instead
Cash vs value
422%
A big cushion: cash is a large part of what the company is worth
Debt vs value
29%
Debt as a share of company value
From SHAZ'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 4 quarters, from SEC filings
Sales, Jun '26
$1.9M
Mar '25Tap a barJun '26
Last 12 months: $2.9M.
What the price assumes
Your guesses, our math
Move the sliders to your own view of SHAZ. 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$4M
Profit in 5 years$0M
Price these guesses point to$0.30-99% vs $23.50 todayAbout -58% a year, before dividends
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.
0/3Weak
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$13.6M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.6.4%
Revenue
$1.6M
+257.4% vs prior year
Total debt
$129.0M
Current ratio
0.63x
short-term assets / bills due
Free cash flow
-$13.6M
-867.4% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, debt under half of equity, 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
Revenue
$1.9M
+412.3% YoY
EPS
-$22.84
vs -$0.27
Op. margin
-1283.2%
-590.8 pts
Gross margin
60.6%
+66.2 pts
Free cash flow
$18.2M
Share count
+93.3%
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
3.9
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+273.4%
Institutions added 273.4% to their holdings. 104 bought, 12 sold. 2 quarters of net buying in a row.
Shares held by institutions17.6M
Sep '24Jun '26
Safety check
From SEC filings
Cash runwayAt last year's cash burn
8464 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.9x · $1.0B debt
Shares outstandingLatest reported
19M
Why moderate risk
Losing money, losses are large next to sales
Auditor change
Earnings reports
Last 0
Next reportNot enough history
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days