A company still losing money with shrinking sales, with high risk. Institutions are adding.
Watch out for
Owes more than it owns (negative equity)
Share count growing 56.8% a year (dilution)
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions added 9.8% to their holdings in the quarter ending June 2026 (46 bought, 29 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$27.34+7.1% that day
Company value
$321M
Share price times all shares
Price vs sales
27.9x
No profit over the last year, so this compares value with sales instead
Cash vs value
32%
A big cushion: cash is a large part of what the company is worth
From SRZN'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
$5.0M+409% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $11.5M, down 8.8% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of SRZN. 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$7M
Profit in 5 years$1M
Price these guesses point to$0.57-98% vs $27.34 todayAbout -54% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 97% 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.Owes more than it owns
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.0 of 6 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$30.4M
MissShare count not growingNot diluting owners. Falling means buybacks.+285.5% in 3 years
Revenue
$3.5M
-67.4% vs prior year
Current ratio
9.22x
short-term assets / bills due
Free cash flow
-$30.4M
-873.5% of revenue
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: return on equity 15%+, gross margin 40%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Oct 20After close5:04 pm ET
The numbers below are the quarter before. The new quarter's full numbers come with the 10-Q. Read the press release ↗
Revenue
$5.0M
+408.6% YoY
EPS
-$0.41
vs $2.55
Op. margin
-207.4%
+709.9 pts
Free cash flow
-$7.4M
Share count
+171.0%
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
75/ 100
This week
3
Normal week
1.0
vs normal
3.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+9.8%
Institutions added 9.8% to their holdings. 46 bought, 29 sold. 7 quarters of net buying in a row.
Shares held by institutions13.5M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+56.8%
Cash runwayAt last year's cash burn
40 months
Debt to equityLatest balance sheet: debt compared with what owners have
Owes more than it owns
Shares outstandingLatest reported
12M
Why high risk
Losing money, losses are large next to sales
Share count growing 56.8% a year (dilution)
Owes more than it owns (negative equity)
Revenue down 67.4% from the year before
1 offering filing in 6 months (may sell new shares)
Earnings reports
Last 12
Next reportAround Jan 19, 2027 (est.)Estimated from the same quarter last year
Results filedOct 20
Results filedAug 6
Results filedMay 6
Results filedMar 23
Results filedNov 7, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days