your badges 52W Range $1–$3 7% of range Analyst Rating SELL 8 analysts Price Target · P/E -0.2 ROE -315.5% Net Profit Margin ·

AQB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $0.93
Market Cap (MRQ) $5M
P/E -0.2
EPS $-4.77
Revenue $2M
ROE -315.5%
Debt/Equity -1.8
52W Range $1–$3

AQB Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 1
Ex-date Split Type
Oct. 16, 2023 1-for-20 Reverse

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$2M
2016-12-31 → 2023-12-31
EPS$-4.77
2021-12-31 → 2025-12-31
Free Cash Flow·
2017-12-31 → 2024-12-31
Net margin·
2017-12-31 → 2023-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend AQB 5Y avg Peer Median Verdict
P/E -0.25Y avg ≈-26.9 ≈-26.9 · ·
P/S 2.55Y avg ≈578.8 ≈578.8 · ·
P/B (MRQ) 1.75Y avg ≈3.6 ≈3.6 0.3 Overvalued
EV / EBITDA -1.65Y avg ≈-37.8 ≈-37.8 · ·
Price / Cash Flow -0.45Y avg ≈-39.7 ≈-39.7 · ·
EV / Revenue 4.65Y avg ≈542.9 ≈542.9 · ·
Price / Tangible Book 0.25Y avg ≈5.0 ≈5.0 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -41.0%
Next Report Oct 26, 2026
PeriodReportEPS ActualEPS EstSurprise
Sept. 30, 2024 $-0.88 $-0.89 1.6%
June 30, 2024 $-1.57 $-1.16 -35.2%
March 31, 2024 $-2.90 $-1.54 -88.5%
Dec. 31, 2023 $-2.19 $-1.55 -41.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 16
Metric Trend 2025202420232022202120202019201820172016
Revenue ··$2M$3M$1M$127.7K$186.7K$84.5K$53.3K$0
Cost of Revenue ······$4M$3M$1M$0
R&D Expense ·$203.3K$506.2K$904.0K$2M$2M$2M$3M$3M$3M
SG&A Expense $4M$9M$13M$10M$9M$7M$7M$4M$4M$4M
Operating Expenses $4M$10M$14M$25M$23M$16M$13M$10M$9M$8M
Operating Income $-4M$-10M$-14M$-22M$-22M$-16M$-13M$-10M$-9M$-8M
Interest Expense ··$304.0K$291.2K$316.4K$152.4K$63.0K$22.3K$21.5K$402.6K
Other Non-op $-13.4K$-17.1K$65.7K$457.5K$115.6K$212$14.0K$6.0K$-5.0K$-5.9K
Pretax Income $-2M$-11M$-14M$-22M$-22M$-16M$-13M$-10M$-9M$-8M
Income Tax $0$0$0$0$0···$0$0
Net Income $-18M$-149M$-28M$-22M$-22M$-16M$-13M$-10M$-9M$-8M
EPS (Basic) $-4.77$-38.65$-7.17$-5.78······
EPS (Diluted) $-4.77$-38.65$-7.17$-5.78$-0.32·····
Shares (Basic) 3,873,7973,860,4543,844,2393,832,557······
Shares (Diluted) 3,873,7973,860,4543,844,2393,832,55769,428,061·····
EBITDA $-4M$-111M$-25M$-20M$-20M$-15M$-12M$-10M$-9M·
Balance Sheet 26
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents $501.3K$230.4K$8M$102M$88M$96M$3M$3M$506.3K$3M
Short-term Investments ····$102M·····
Receivables ··$855.9K$337.2K······
Inventory ··$2M$2M$1M$2M$1M$76.1K$172.4K$0
Prepaid Expense $266.9K$292.0K$1M$2M$2M$405.4K$391.2K$316.0K$527.3K$73.0K
Other Current Assets ······$42.8K$153.9K$387.5K·
Current Assets $10M$11M$31M$106M$193M$98M$4M$4M$1M$4M
PP&E (Net) ·$23M$144M$106M$34M$27M$25M$24M$22M$2M
PP&E (Gross) ·$23M$144M$115M$41M$32M$29M$26M$23M$3M
Accum. Depreciation ··$3.6K$9M$7M$5M$4M$2M$2M$1M
Intangibles ··$204.4K$218.1K$231.8K$245.5K$157.6K$171.3K$185.0K$198.7K
Other Non-current Assets ··$46.8K$64.9K$79.5K$76.7K$32.0K$80.6K$162.1K$21.6K
Total Assets $10M$34M$188M$214M$228M$126M$30M$28M$24M$6M
Accounts Payable $337.0K$893.0K$12M$12M$4M$1M$809.4K$824.9K$3M$1M
Current Liabilities $9M$16M$15M$15M$6M$2M$2M$916.9K$3M$1M
Capital Leases ·$23.0K$51.5K$203.2K$224.1K$290.3K$352.8K$0··
Total Liabilities $12M$18M$23M$22M$15M$11M$6M$4M$6M$4M
Long-term Debt $4M$3M$5M$9M$9M$9M$5M$4M$3M$3M
Total Debt $3M$3M$9M$9M$9M$9M$5M$4M$3M·
Common Stock $3.9K$3.9K$3.8K$3.8K$71.0K$55.5K$21.6K$15.1K$8.9K$6.5K
Paid-in Capital $386M$386M$386M$385M$385M$264M$156M$143M$127M$102M
Retained Earnings $-388M$-370M$-221M$-193M$-171M$-149M$-132M$-119M$-109M$-99M
AOCI ·$-688.2K$-405.5K$-516.8K$-255.6K$-267.3K$-360.2K$-574.2K$-213.9K$-286.3K
Stockholders' Equity $-2M$16M$165M$192M$214M$115M$24M$23M$18M$2M
Liabilities + Equity $10M$34M$188M$214M$228M$126M$30M$28M$24M$6M
Shares Outstanding 3,877,6953,865,7783,847,0223,834,38371,025,73855,497,13321,635,36515,098,8378,895,0946,463,936
Cash Flow 14
Metric Trend 2025202420232022202120202019201820172016
D&A ·$904.1K$2M$2M$2M$1M$1M$843.4K$184.9K$154.0K
Stock-based Comp $70.6K$299.4K$542.3K$535.1K$394.2K$436.7K$872.2K$263.4K$122.1K$218.3K
Other Non-cash ·$134M$621.2K$-1M$-331.5K$179.9K$-179.2K$-541.5K$-149.2K·
Operating Cash Flow $-9M$-14M$-24M$-21M$-20M$-14M$-11M$-10M$-9M$-7M
CapEx ·$3M$69M$67M$6M$4M$2M$4M$19M$934.5K
Investing Cash Flow $7M$8M$-69M$34M$-108M$-3M$-2M$-4M$-19M$-1M
Debt Issued $3M$7M$417.7K$476.2K$606.5K$4M$900.8K$771.9K··
Net Debt Issued $3M$7M$417.7K$476.2K$606.5K$4M····
Stock Issued ····$119M$105M$12M$11M$25M$0
Net Stock Activity ····$119M$105M$12M$11M$25M·
Financing Cash Flow $2M$-3M$-308.5K$-162.4K$121M$111M$13M$16M$25M$11M
Net Change in Cash $270.9K$-9M$-93M$13M$-7M$93M$-203.8K$2M$-3M$2M
Free Cash Flow ·$-17M$-93M$-88M$-26M$-18M$-14M$-14M$-28M·
Levered FCF ··$-93M$-89M··$-14M$-14M$-28M·
Profitability 7
Metric Trend 2025202420232022202120202019201820172016
Operating Margin ··-1104.8%-711.6%-1883.0%-12727.1%-7057.3%-12264.6%-17328.2%·
Net Margin ··-1114.5%-706.3%-1900.1%-12846.3%-7083.5%-12283.8%-17378.0%·
Pretax Margin ··-1114.5%-706.3%-1900.1%-12846.3%-7083.5%-12283.8%-17378.0%·
EBITDA Margin ··-1017.5%-647.1%-1730.8%-11556.4%-6368.7%-11266.7%-16981.0%·
ROA -83.3%-134.6%-13.7%-10.0%-12.6%-21.0%-45.7%-40.4%-62.9%·
ROE -315.5%-257.4%-16.3%-11.4%-10.3%-18.9%-52.2%-46.4%-92.5%·
ROIC -251.9%-583.5%-15.7%-11.1%··-46.5%-38.6%-43.8%·
Liquidity & Solvency 5
Metric Trend 2025202420232022202120202019201820172016
Current Ratio 1.20.70.86.932.846.92.73.80.5·
Quick Ratio 0.10.00.66.632.346.01.73.30.2·
Debt / Equity -1.80.20.10.00.00.10.20.20.2·
LT Debt / Equity -1.80.10.00.00.00.10.20.20.2·
Interest Coverage ··-89.9-76.7-69.9-106.6-209.2-465.7-428.7·
Efficiency 3
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover ··0.00.00.00.00.00.00.0·
Inventory Turnover ······5.50.60.6·
Receivables Turnover ··3.2·······
Per Share 5
Metric Trend 2025202420232022202120202019201820172016
Book Value / Share $-0.49$4.10$42.89$2.70$3.01$2.07$1.10$1.54$2.02·
Revenue / Share ··$0.64$0.04······
Cash Flow / Share $-2.26$-3.59$-6.30$-0.30······
Cash / Share $0.13$0.06$2.13$1.43$1.25$1.73$0.13$0.20$0.06·
EPS (TTM) $-4.77$-38.65$-7.17$-5.78$-0.32·····
Growth Rates 2
Metric Trend 2025202420232022202120202019201820172016
Revenue YoY ··-21.2%167.0%820.3%·····
Revenue CAGR 3Y ··168.6%·······
Valuation (TTM) 14
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM $1M$1M$2M$3M$1M$127.7K$186.7K$84.5K$53.3K$0
Net Income TTM $-18M$-149M$-28M$-22M$-22M$-16M$-13M$-10M$-9M$-8M
Market Cap $4M$2M$11M$1.09B$2.98B$9.72B$939M$619M$626M·
Enterprise Value $7M$5M$11M$994M$2.80B$9.64B$941M$620M$629M·
P/E -0.2-0.0-0.4-2.6-131.2·····
P/S 2.51.74.4346.42539.276162.25028.37324.511753.7·
P/B -1.90.20.15.714.084.639.526.634.8·
P / Tangible Book ·0.20.15.714.084.8····
P / Cash Flow -0.4-0.2-0.5-51.7-145.7-680.5-83.5-63.1-68.8·
P / FCF ·-0.1-0.1-12.3-114.1-532.4-69.2-44.8-22.4·
EV / EBITDA -1.6-0.0-0.4-48.9-137.8-653.2-79.1-65.1-69.5·
EV / FCF ·-0.3-0.1-11.2-107.2-527.6-69.3-44.8-22.5·
EV / Revenue 4.63.84.6316.72385.075481.05037.97331.611802.4·
Earnings Yield -512.9%-6174.1%-251.6%-37.8%-0.76%·····

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue · · $2M $3M $1M
Operating Margin % · · -1104.8% -711.6% -1883.0%
Net Income $-18M $-149M $-28M $-22M $-22M
Diluted EPS $-4.77 $-38.65 $-7.17 $-5.78 $-0.32

Institutional owners (13F) 37 filers · $586K total · As of June 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 37
Value held $586K
New positions 4
Exited positions 4
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
4 (-2 vs prior Q) 4 (+1 vs prior Q) 7 (+1 vs prior Q) 5 (-1 vs prior Q) -60

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
RENAISSANCE TECHNOLOGIES LLC $147,834 138,163 25.21% Shares
EPIQ PARTNERS, LLC $95,230 89,000 16.24% Shares
TWO SIGMA INVESTMENTS, LP $88,599 82,803 15.11% Shares
BlackRock, Inc. $50,855 47,528 8.67% Shares
GEODE CAPITAL MANAGEMENT, LLC $43,416 40,567 7.40% Shares
TWO SIGMA ADVISERS, LP $35,247 37,900 6.01% Shares
CITADEL ADVISORS LLC $34,112 31,880 5.82% Shares
VANGUARD GROUP INC $31,639 34,020 5.40% Shares
VANGUARD CAPITAL MANAGEMENT LLC $25,007 23,371 4.26% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $13,314 12,443 2.27% Shares
VANGUARD FIDUCIARY TRUST CO $11,394 10,649 1.94% Shares
Tower Research Capital LLC (TRC) $4,469 4,177 0.76% Shares
UBS Group AG $3,903 3,648 0.67% Shares
NFSG Corp $268 250 0.05% Shares
OSAIC HOLDINGS, INC. $224 213 0.04% Shares
Arax Advisory Partners $205 190 0.03% Shares
MORGAN STANLEY $198 185 0.03% Shares
Zurcher Kantonalbank (Zurich Cantonalbank) $138 129 0.02% Shares
Larson Financial Group LLC $107 100 0.02% Shares
JONES FINANCIAL COMPANIES LLLP $80 73 0.01% Shares
SBI Securities Co., Ltd. $45 42 0.01% Shares
Global Retirement Partners, LLC $40 37 0.01% Shares
WELLS FARGO & COMPANY/MN $28 26 0.00% Shares
Atlantic Edge Private Wealth Management, LLC $15 14 0.00% Shares
TD Waterhouse Canada Inc. $11 10 0.00% Shares
HighMark Wealth Management LLC $10 10 0.00% Shares
Rockefeller Capital Management L.P. $9 8 0.00% Shares
FMR LLC $8 7 0.00% Shares
BNP PARIBAS FINANCIAL MARKETS $7 7 0.00% Shares
NewEdge Advisors, LLC $5 5 0.00% Shares
JPMORGAN CHASE & CO $3 3 0.00% Shares
IFP Advisors, Inc $3 3 0.00% Shares
Clearstead Advisors, LLC $2 1 0.00% Shares
Glen Eagle Advisors, LLC $2 2 0.00% Shares
Quaker Wealth Management, LLC $2 1 0.00% Shares
Steward Partners Investment Advisory, LLC $1 1 0.00% Shares
Truvestments Capital LLC $1 1 0.00% Shares

Activists & 5%+ owners 1 position

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
RANDAL J. KIRK ×11 filings June 30, 2023 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 18 insiders · 6 officers · 13 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Sylvia Wulf CEO & Director June 14, 2023 A 335,021 0 0 $0
David A Frank Chief Financial Officer June 14, 2023 A 144,751 0 0 $0
Alejandro Rojas Chief Operating Officer June 14, 2023 A 77,564 0 0 $0
Angela M Olsen General Counsel & Corp Sec June 14, 2023 A 107,442 0 0 $0
Ronald L Stotish Chief Technology Officer April 30, 2019 A · 0 0 $0
Christopher H. Martin General Counsel and Corporate Secretary April 21, 2017 A · 0 0 $0
Ricardo J Alvarez Director June 14, 2023 A 65,555 0 0 $0
Gail Sharps Myers Director June 14, 2023 A 65,981 0 0 $0
Michael K Stern Director June 14, 2023 A 90,555 0 0 $0
Rick L. Sterling Director June 14, 2023 A 56,850 0 0 $0
Erin S Sharp Director June 14, 2023 A 187,055 0 0 $0
Christine St.Clare Director June 14, 2023 A 65,000 0 0 $0
Alana Czypinski Director March 14, 2022 A 3,747 0 0 $0
Theodore John Fisher Director March 14, 2022 A 491 0 0 $0
James C Turk JR Director March 14, 2022 A 17,429 0 0 $0
Richard J Clothier Director March 14, 2022 A 97,230 0 0 $0
Richard L Huber Director March 10, 2021 A 71,311 0 0 $0
RANDAL J. KIRK 10% owner Nov. 23, 2021 S 3,747 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 1 ETF

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
VXF · VANGUARD INDEX FUNDS 0.00% 23,371 SH Aug. 19, 2026 Daily

AQB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 8 analysts SELL
0 0.0% Strong Buy
0 0.0% Buy
3 37.5% Hold
4 50.0% Sell
1 12.5% Strong Sell

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
AQB $4M -0.2 -21.2% · -315.5% ·
LIMN · · · · · ·
ERNA · · · · · ·
DRMA · · · · · ·
PMCB $8M -0.3 · · -56.7% ·
GRI $122.9K -0.0 · · -256.3% ·
HCWB · -0.1 -97.9% -14677.1% -586.8% 20.0%

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 6, 2026