A company still losing money with growing sales, with elevated risk.
Going well
Sales up 27% in the latest quarter vs a year ago
Watch out for
About 19 months of cash left at its current burn
Losing money, losses are large next to sales
High debt: 7.59x equity
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
$1.06-1.9% that day
Company value
$21M
Share price times all shares
Price vs sales
1.6x
No profit over the last year, so this compares value with sales instead
Cash vs value
164%
A big cushion: cash is a large part of what the company is worth
Debt vs value
124%
Owes more than the whole company is worth
From SRXH'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
$3.4M+27% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $13.5M, down 52% from the 12 months before. Over 5 years, sales shrank about 31% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of SRXH. 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$8M
Profit in 5 years$1M
Price these guesses point to$0.59-44% vs $1.06 todayAbout -11% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 1.2% 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.
The checklist Warren Buffett-style investors use. Annual numbers for 2025.
0/5Weak
MissDebt under half of equityNot relying on borrowed money.7.59x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
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.-$8.1M
MissGross margin 40%+Pricing power: sells for well above what it costs to make.23.4%
Revenue
$6.5M
-81.3% vs prior year
5-year growth
-31.3%/yr
revenue, per year
Total debt
$26.7M
7.59x equity
Current ratio
0.80x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 19
Revenue
$3.4M
+26.9% YoY
EPS
-$0.36
vs -$1112.75
Op. margin
-94.4%
+227.6 pts
Gross margin
26.7%
+25.5 pts
Share count
+83864.5%
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
0/ 100
This week
0
Normal week
0.7
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+171.9%
Cash runwayAt last year's cash burn
52 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
20M
Why high risk
Losing money, losses are large next to sales
Share count growing 171.9% a year (dilution)
Revenue down 81.3% from the year before
7 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Earnings reports
Last 12
Next reportAround Nov 24 (est.)Estimated from the same quarter last year
Results filedAug 19
Results filedMar 31, 2025
Results filedNov 15, 2024
Results filedAug 26, 2024
Results filedMay 21, 2024
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days