A profitable company with shrinking sales, with elevated risk. Institutions are adding.
Going well
Profitable, keeps 72% of sales as profit
High return on equity: 101%
Watch out for
Share count growing 22.2% a year (dilution)
Revenue down 35.2% from the year before
6 offering filings in 6 months (may sell new shares)
Money moves
Insiders sold $198K in the last 30 days, all through pre-planned sales
Institutions added 63% to their holdings in the quarter ending June 2026 (93 bought, 47 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$9.15+1.0% that day
Company value
$350M
Share price times all shares
Price vs sales
5.6x
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
30%
Debt as a share of company value
From SPIR'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
$18.0M-5.9% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $62.4M, down 33% from the 12 months before. Over 5 years, sales grew about 20% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of SPIR. 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$37M
Profit in 5 years$4M
Price these guesses point to$0.90-90% vs $9.15 todayAbout -37% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 43% a year for 5 years just to 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.