A company still losing money with shrinking sales. Institutions are trimming.
Going well
Sales up 370% last year
Buying back shares: share count down 6.5% in 3 years
No debt reported
Watch out for
Sales down 54% in the latest quarter vs a year ago
About 21 months of cash left at its current burn
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions cut 2.4% from their holdings in the quarter ending June 2026 (15 bought, 16 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$3.48-0.8% that day
Company value
$60M
Share price times all shares
Price vs sales
2.0x
No profit over the last year, so this compares value with sales instead
Cash vs value
19%
Cash as a share of company value
From VRCA'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
$5.9M-54% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $30.3M, up 106% from the 12 months before.
What the price assumes
Your guesses, our math
Move the sliders to your own view of VRCA. 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$39M
Profit in 5 years$4M
Price these guesses point to$3.74+7.4% vs $3.48 todayAbout +1.4% a year, before dividends
What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 3.5% 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.
2/5Weak
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-50.3%
MissProfitable every yearSteady profits, not one good year.0 of 9 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$17.6M
PassShare count not growingNot diluting owners. Falling means buybacks.-6.5% in 3 years
Revenue
$35.6M
+370.2% vs prior year
Total debt
None
0.00x equity
Current ratio
2.59x
short-term assets / bills due
Free cash flow
-$17.6M
-49.5% 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 Aug 6
Revenue
$5.9M
-53.8% YoY
EPS
-$0.62
vs $0.02
Op. margin
-223.4%
-235.3 pts
Free cash flow
-$9.3M
Share count
+124.5%
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
0.5
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-2.4%
Institutions cut 2.4% from their holdings. 15 bought, 16 sold. 2 quarters of net selling in a row.
Shares held by institutions4.7M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+59.8%
Cash runwayAt last year's cash burn
8 months
Debt to equityLatest balance sheet: debt compared with what owners have
No debt reported
Shares outstandingLatest reported
17M
Why high risk
Losing money, losses are large next to sales
About 8 months of cash left at its current burn
Share count growing 59.8% a year (dilution)
Earnings reports
Last 12
Next reportAround Nov 13 (est.)Estimated from the same quarter last year
Results filedAug 6
Results filedMay 12
Results filedMar 11
Results filedNov 14, 2025
Results filedAug 12, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.