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Institutional ownership roughly stable: +0.35% change quarter-over-quarter.
Data as of Q1 2026
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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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
2/8 of the 9 checks — 1 couldn't be scored (see above), so the score is out of the 8 with data.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81 · book equity (no price)
Needs granular two-year detail (receivables, PP&E, D&A, SG&A) — not fully reported.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Coverage data unavailable; leverage falling year-over-year.
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 -$51M 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.
How management deployed cash over 6 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -101%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 6 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.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Interest last disclosed in FY2021 (no longer broken out).
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Top 7 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 a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $4.6M 100.0% | $5.7M 100.0% | $3.9M 100.0% | $3.9M 100.0% | $763K 100.0% | $569K 100.0% |
| Cost of Revenue | — | $729K 12.9% | $2.3M 60.0% | $2.4M 60.9% | $232K 30.4% | $893K 156.9% |
| Research & Development | $19.0M 414.4% | $16.2M 286.5% | $19.5M 505.0% | $17.1M 434.5% | $9.5M 1240.5% | $8.8M 1542.5% |
| Selling, General & Admin | $39.6M 865.1% | $33.5M 591.1% | $30.3M 785.2% | $36.9M 940.6% | $13.6M 1776.5% | $13.3M 2329.7% |
| Total Operating Expenses | $74.8M 1635.8% | $65.8M 1160.1% | $67.4M 1745.0% | $69.5M 1769.3% | $43.2M 5660.8% | $30.0M 5279.1% |
| Operating Income | -$70.2M -1535.8% | -$60.1M -1060.1% | -$63.5M -1645.0% | -$65.5M -1669.3% | -$42.4M -5560.8% | -$29.5M -5179.1% |
| Interest Expense | — | — | — | — | $17.8M 2338.4% | $10.0M 1764.0% |
| Other Income (Expense), net | -$9.1M -198.1% | $970K 17.1% | -$220K -5.7% | -$184K -4.7% | -$26K -3.4% | -$188K -33.0% |
| Pretax Income | -$189.1M -4134.2% | -$101.7M -1794.1% | -$71.5M -1851.7% | -$40.1M -1022.5% | -$144.6M -18953.3% | -$137.3M -24129.7% |
| Income Tax Expense | $198K 4.3% | $173K 3.1% | $221K 5.7% | -$28K -0.7% | $52K 6.8% | $38K 6.7% |
| Net Income | -$189.3M -4138.5% | -$101.9M -1797.1% | -$71.7M -1857.5% | -$40.1M -1021.8% | -$144.7M -18960.2% | -$137.3M -24136.4% |
| Per Share | ||||||
| EPS (Basic) | $-1.42 | $-0.84 | $-0.66 | $-0.40 | $-6.73 | — |
| EPS (Diluted) | $-1.42 | $-0.84 | $-0.66 | $-0.40 | $-6.73 | — |
| Weighted Avg Shares (Basic) | 133K | 122K | 108.0M | 101.0M | 24K | — |
| Weighted Avg Shares (Diluted) | 133K | 122K | 108.0M | 101.0M | 24K | — |
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.
No current price collected.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Cost of Revenue | 156.9 | 30.4 | 60.9 | 60.0 | 12.9 | — |
| R&D | 1542.5 | 1240.5 | 434.5 | 505.0 | 286.5 | 414.4 |
| SG&A | 2329.7 | 1776.5 | 940.6 | 785.2 | 591.1 | 865.1 |
| Operating Income | -5179.1 | -5560.8 | -1669.3 | -1645.0 | -1060.1 | -1535.8 |
| Income Tax | 6.7 | 6.8 | -0.7 | 5.7 | 3.1 | 4.3 |
| Net Income | -24136.4 | -18960.2 | -1021.8 | -1857.5 | -1797.1 | -4138.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on NXNVW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.