A company still losing money with steady sales. Institutions are adding.
Going well
Sales up 73% last year
Little debt
Watch out for
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions added 126% to their holdings in the quarter ending June 2026 (51 bought, 16 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$8.38-3.0% that day
Company value
$541M
Share price times all shares
Price vs profit (P/E)
19.5x
You pay about $19 for each $1 of yearly profit
Price vs sales
33.7x
Company value is 33.7 times a year of sales
Cash vs value
6%
Cash as a share of company value
Debt vs value
0%
Debt as a share of company value
From XMAX'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
$2.7M+7.1% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $16.0M, up 64% from the 12 months before. Over 5 years, sales grew about 8.1% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of XMAX. 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$60M
Profit in 5 years$6M
Price these guesses point to$1.75-79% vs $8.38 todayAbout -27% a year, before dividends
What today's price needs: with a 10% margin and a 19x P/E, sales would have to grow about 78% 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.
1/6Weak
MissReturn on equity 15%+Earns a lot on the money owners have in the business.-22.0%
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.-20.4%
MissProfitable every yearSteady profits, not one good year.2 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$446K
MissGross margin 40%+Pricing power: sells for well above what it costs to make.25.0%
Revenue
$16.7M
+72.6% vs prior year
5-year growth
+8.1%/yr
revenue, per year
Total debt
$137K
0.00x equity
Current ratio
4.92x
short-term assets / bills due
From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Apr 2, 2012
Revenue
$2.7M
+7.1% YoY
EPS
$0.53
vs -$0.02
Op. margin
-44.5%
-36.8 pts
Gross margin
39.8%
-10.4 pts
Free cash flow
-$3.6M
Share count
+344.3%
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
1.0
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+126.0%
Institutions added 126.0% to their holdings. 51 bought, 16 sold. 7 quarters of net buying in a row.
Shares held by institutions13.4M
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+252.0%
Cash runwayAt last year's cash burn
932 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.0x · $135K debt
Shares outstandingLatest reported
65M
Why high risk
Losing money, losses are large next to sales
Share count growing 252% a year (dilution)
3 offering filings in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)
Late annual report notice
Earnings reports
Last 2
Next reportDue any dayEstimated from the same quarter last year
Results filedApr 2, 2012
Results filedNov 15, 2011
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days