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Strong institutional distribution: ownership decreased -3.36% quarter-over-quarter.
Data as of Q1 2026
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Top 27 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
How management deployed cash over 4 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Insufficient data. Current ROIC on all capital: -3%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 4 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $31M covers the $3M due within a year 11.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (10-K).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~11.6% on $205M of debt. Interest last disclosed in FY2024 (no longer broken out).
Cash of $31M fully covers short-term debt of $926000.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $0.20 today, the market must believe free cash flow compounds 15.9%/yr for a decade (off $5M normalized FCF).
2-stage DCF · 0.06B shares · net debt $182M
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Insufficient balance-sheet detail (needs retained earnings, working capital, equity).
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash conversion lags reported earnings — watch accruals. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$64M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
EOD close · as of 2026-08-05 · 44d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $122.8M 100.0% | $98.6M 100.0% | $66.7M 100.0% | $46.4M 100.0% |
| Cost of Revenue | $71.1M 57.9% | $57.5M 58.3% | $41.3M 62.0% | $33.9M 73.0% |
| Gross Profit | $51.7M 42.1% | $41.1M 41.7% | $25.4M 38.0% | $12.5M 27.0% |
| Selling, General & Admin | $36.3M 29.5% | $35.8M 36.3% | $82.9M 124.2% | $35.1M 75.7% |
| Operating Income | — | $5.3M 5.4% | -$57.5M -86.2% | -$22.6M -48.8% |
| Interest Expense | — | $23.7M 24.0% | $23.2M 34.8% | $20.0M 43.2% |
| Other Income (Expense), net | $11.8M 9.6% | $2.1M 2.1% | $3.1M 4.6% | $521K 1.1% |
| Pretax Income | $3.9M 3.2% | -$16.3M -16.6% | -$77.7M -116.4% | -$42.1M -90.8% |
| Income Tax Expense | -$215K -0.2% | -$762K -0.8% | -$302K -0.5% | $0 0.0% |
| Net Income | $4.1M 3.4% | -$15.6M -15.8% | -$77.4M -116.0% | -$42.1M -90.8% |
| Per Share | ||||
| EPS (Basic) | $-0.42 | $-0.81 | $0.19 | $-8.20 |
| EPS (Diluted) | $-0.42 | $-0.81 | $-1.00 | $-8.20 |
| Weighted Avg Shares (Basic) | 54.3M | 50.5M | 45.3M | 40.3M |
| Weighted Avg Shares (Diluted) | 54.3M | 50.5M | 77.5M | 40.3M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
EOD close · as of 2026-08-05
Where each multiple sits in its own 4-yr range · 25th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 4-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Cost of Revenue | 73.0 | 62.0 | 58.3 | 57.9 |
| Gross Profit | 27.0 | 38.0 | 41.7 | 42.1 |
| SG&A | 75.7 | 124.2 | 36.3 | 29.5 |
| Operating Income | -48.8 | -86.2 | 5.4 | — |
| Income Tax | 0.0 | -0.5 | -0.8 | -0.2 |
| Net Income | -90.8 | -116.0 | -15.8 | 3.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BAERW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.