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Institutional ownership roughly stable: -0.12% 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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $0.12 today, the market must believe free cash flow compounds -9.1%/yr for a decade (off $11M normalized FCF).
2-stage DCF · 0.10B shares · net debt $57M
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.
4/8 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
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).
Interest coverage is thin — monitor.
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 $11M 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 4 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: -67%. 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.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.4% on $84M of debt.
Cash of $27M is below short-term debt of $84M — relies on refinancing/operations.
Mostly short-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.
EOD close · as of 2026-07-29
Is the profit real, and how strong is the balance sheet?
FY2024 · 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
High operating leverage: profit moved 12.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|
| R&D | 1.5 | 3.0 | 3.9 | 9.1 |
| SG&A | 4.2 | 13.4 | 6.2 | 10.6 |
| Operating Income | 4.2 | -4.5 | -4.3 | -13.2 |
| Income Tax | 0.4 | 0.1 | 0.7 | 0.6 |
| Net Income | -7.3 | -4.2 | -4.8 | -14.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SDAWW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-07-29 · 51d old
How a revenue dollar becomes profit — FY2024
Each value shows its share of revenue below it (common-size).
| Line Item | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $441.9M 100.0% | $363.7M 100.0% | $282.4M 100.0% | $249.2M 100.0% |
| Research & Development | $40.2M 9.1% | $14.1M 3.9% | $8.5M 3.0% | $3.7M 1.5% |
| Selling, General & Admin | $47.0M 10.6% | $22.5M 6.2% | $37.7M 13.4% | $10.4M 4.2% |
| Operating Income | -$58.4M -13.2% | -$15.5M -4.3% | -$12.6M -4.5% | $10.4M 4.2% |
| Interest Expense | $3.7M 0.8% | $3.7M 1.0% | $3.8M 1.3% | $3.5M 1.4% |
| Interest & Investment Income | $784K 0.2% | $518K 0.1% | $441K 0.2% | $759K 0.3% |
| Other Income (Expense), net | -$3.2M -0.7% | $455K 0.1% | $1.9M 0.7% | $171K 0.1% |
| Pretax Income | -$61.6M -13.9% | -$15.0M -4.1% | -$10.7M -3.8% | $10.5M 4.2% |
| Income Tax Expense | $2.9M 0.6% | $2.6M 0.7% | $231K 0.1% | $938K 0.4% |
| Net Income | -$64.5M -14.6% | -$17.6M -4.8% | -$11.9M -4.2% | -$18.1M -7.3% |
| Per Share | ||||
| EPS (Basic) | $-0.72 | $-0.31 | $-0.08 | $-0.29 |
| EPS (Diluted) | $-0.72 | $-0.31 | $-0.08 | $-0.29 |
| Weighted Avg Shares (Basic) | 96.0M | 85.4M | 81.6M | 81.6M |
| Weighted Avg Shares (Diluted) | 96.0M | 85.4M | 81.6M | 81.6M |
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.
Top 33 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