A company still losing money with growing sales, with high risk. Institutions are trimming.
Going well
Sales up 49% in the latest quarter vs a year ago
Sales up 296% last year
Watch out for
Late quarterly report notice
Owes more than it owns (negative equity)
Losing money
Money moves
No insider buying or selling in the last 30 days
Institutions cut 11% from their holdings in the quarter ending June 2026 (8 bought, 13 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$4.32+0.7% that day
Company value
$20M
Share price times all shares
Price vs sales
0.20x
No profit over the last year, so this compares value with sales instead
Cash vs value
11%
Cash as a share of company value
Debt vs value
26%
Debt as a share of company value
From SMXT'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
$10.2M+49% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $102.2M, up 285% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of SMXT. 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$130M
Profit in 5 years$13M
Price these guesses point to$26.83+521% vs $4.32 todayAbout +44% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales could shrink about 27% 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
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.-7.0%
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$498K
MissShare count not growingNot diluting owners. Falling means buybacks.+25.8% in 3 years
MissGross margin 40%+Pricing power: sells for well above what it costs to make.4.6%
Revenue
$91.0M
+295.8% vs prior year
Total debt
$5.3M
Current ratio
0.79x
short-term assets / bills due
Free cash flow
$498K
0.5% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, profitable every year. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 9
Revenue
$10.2M
+48.8% YoY
EPS
-$0.98
vs -$6.00
Op. margin
-43.5%
-17.8 pts
Gross margin
23.6%
+14.8 pts
Free cash flow
-$969K
Share count
+1390.2%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-11.1%
Institutions cut 11.1% from their holdings. 8 bought, 13 sold.
Shares held by institutions1.8M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+8.0%
Cash runwayAt last year's cash burn
Cash flow positive
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
5M
Why high risk
Losing money
Owes more than it owns (negative equity)
Bills due within a year exceed short-term assets
Exchange listing notice (a delisting warning or a move to another exchange)
Late quarterly report notice
Late annual report notice
Earnings reports
Last 11
Next reportAround Jan 9, 2027 (est.)Estimated from the same quarter last year
Results filedOct 9
Results filedMay 18
Results filedApr 7
Results filedNov 17, 2025
Results filedAug 15, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days