Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement11
Metric
Trend
2024
2023
2022
Revenue
$26M
$19M
$19M
SG&A Expense
$6M
$5M
$3M
Operating Income
$-18M
$-8M
$-326.0K
Interest Income
$312.0K
$504.0K
$0
Other Non-op
$30.0K
$-74.0K
$0
Net Income
$-18M
$-2M
$-326.0K
EPS (Basic)
$-2.64
$-2.02
$-17.18
EPS (Diluted)
$-2.64
$-3.83
$-17.18
Shares (Basic)
7,465,136
3,315,519
155,655
Shares (Diluted)
7,465,136
3,372,207
155,655
EBITDA
$-11M
$-52.0K
$5M
Balance Sheet16
Metric
Trend
2024
2023
2022
Cash & Equivalents
$7M
$15M
$8M
Receivables
$40.0K
$3M
$4M
Inventory
$2M
$287.0K
$334.0K
Prepaid Expense
$2M
$895.0K
$1M
Current Assets
$14M
$20M
$14M
PP&E (Net)
$71M
$71M
$64M
Total Assets
$89M
$95M
$79M
Accounts Payable
$2M
$405.0K
$281.0K
Accrued Liabilities
$2M
$898.0K
$1M
Current Liabilities
$5M
$2M
$2M
Common Stock
$75.0K
$74.0K
$5.0K
Paid-in Capital
$110M
$100M
$79M
Retained Earnings
$-26M
$-8M
$-2M
Stockholders' Equity
$84M
$93M
$77M
Liabilities + Equity
$89M
$95M
$79M
Shares Outstanding
7,504,982
7,448,601
509,200
Cash Flow11
Metric
Trend
2024
2023
2022
D&A
$7M
$8M
$5M
Other Non-cash
$7M
$-5M
$-3M
Operating Cash Flow
$-4M
$815.0K
$2M
CapEx
$19M
$4M
$5M
Investing Cash Flow
$-3M
$-6M
$-5M
Stock Issued
$0
$15M
$16M
Net Stock Activity
$0
$15M
·
Dividends Paid
·
·
$3M
Financing Cash Flow
$-2M
$12M
$10M
Net Change in Cash
$-8M
$6M
$7M
Free Cash Flow
$-22M
$-4M
·
Profitability5
Metric
Trend
2024
2023
2022
Operating Margin
-70.2%
·
-1.7%
Net Margin
-69.5%
·
-1.7%
EBITDA Margin
-42.2%
·
23.9%
ROA
-19.4%
-2.3%
-0.51%
ROE
-20.2%
-2.3%
-0.52%
Liquidity & Solvency2
Metric
Trend
2024
2023
2022
Current Ratio
2.8
8.8
5.8
Quick Ratio
1.4
7.8
5.2
Efficiency2
Metric
Trend
2024
2023
2022
Asset Turnover
0.3
·
0.3
Receivables Turnover
17.1
·
7.5
Per Share7
Metric
Trend
2024
2023
2022
Book Value / Share
$11.24
$12.43
$7.52
Revenue / Share
$3.44
·
$6.13
Cash Flow / Share
$-0.47
$0.24
$0.49
Cash / Share
$0.95
$1.99
$0.83
Dividend / Share
·
·
$10.00
Dividend Paid / Share
·
·
$2.00
EPS (TTM)
$-2.64
$-3.83
$-17.18
Valuation (TTM)13
Metric
Trend
2024
2023
2022
Revenue TTM
$26M
$19M
$19M
Net Income TTM
$-18M
$-2M
$-326.0K
Market Cap
$218M
$415M
$5.65B
P/E
-11.0
-14.6
-32.3
P/S
8.5
21.9
296.2
P/B
2.6
4.5
73.8
P / Tangible Book
2.6
4.5
73.8
P / Cash Flow
-61.7
509.5
3735.7
P / FCF
-9.7
-116.9
·
Dividend Yield
·
·
0.05%
Earnings Yield
-9.1%
-6.9%
-3.1%
Payout Ratio
·
·
-951.2%
Annual Payout
·
·
$3M
Per Share1
Metric
Trend
Q4 2022
EPS (TTM)
$-17.18
Valuation (TTM)5
Metric
Trend
Q4 2022
Revenue TTM
$19M
Net Income TTM
$-326.0K
P/E
-32.3
Earnings Yield
-3.1%
Annual Payout
$3M
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2021-11-29
Revenue
$26M
$19M
$19M
·
·
Operating Margin %
-70.2%
·
-1.7%
·
·
Net Income
$-18M
$-2M
$-326.0K
·
$751.0K
Diluted EPS
$-2.64
$-3.83
$-17.18
·
·
Metric
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2021-11-29
Current Ratio
2.8
8.8
5.8
3.4
·
Quick Ratio
1.4
7.8
5.2
2.7
·
Metric
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2021-11-29
Free Cash Flow
$-22M
$-4M
·
·
·
Institutional owners (13F)
17
Institutional activity — Q4 2025 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
4
4
4
0
·
Compared to Q3 2025. 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. Change vs prior quarter not shown: filer coverage differs too much between these two quarters for a reliable comparison.
Activists & 5%+ owners
9 positions
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.
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
4 insiders
· 1 officers · 1 directors