Birchtech Corp
BCHTIndustrials·Pollution & Treatment Controls·USA·Nano·AMEX·Nov 10 • 3:59 PM ET
1.100.00 (0.00%)
2026-11-11 15:00 CET
Market cap
28.94 USD m
Revenue, TTM
19.18 USD m
Net income, TTM
-4.17 USD m
Free cash flow, TTM
-3.85 USD m
EPS diluted, TTM
-0.17
P/E
-
Price
BCHT against its 20, 50 and 200-day averages2050200missearnings
77.1% under 4.80 on 9 Dec 2025. Last 15 sessions, 41.2% high to low
Profile
BCHT52-week range, 2% of the way up
1.024.80
Birchtech Corp. is engaged in the development of mercury emission control technologies. It delivers patented and proprietary solutions to the global coal-power industry. The firm also offers mercury emission control and potable water treatment solutions. The company was founded by Richard A. MacPherson on July 19, 1983 and is headquartered in Corsicana, TX.
| Employees | 20 |
|---|---|
| IPO | Apr 24, 2012 |
| Beta | 1.83 |
| ATR, 14d | 0.12 |
| Rel volume | 0.00 |
| Short float | 0.19% |
| Insider own | 30.03% |
| Inst own | 17.53% |
Snapshot
6 groupsValuation
| Index | - |
|---|---|
| Market Cap | 28.94M |
| Enterprise Value | 17.34M |
| Income | -4.17M |
| Sales | 19.18M |
| Book/sh | 0.31 |
| Cash/sh | 0.45 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 20 |
| IPO | Apr 24, 2012 |
Ratios
| P/E | - |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 1.51 |
| P/B | 3.55 |
| P/C | 2.44 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 0.90 |
| Quick Ratio | 1.38 |
| Current Ratio | 1.42 |
| Debt/Eq | 0.03 |
| LT Debt/Eq | 0.02 |
| Option/Short | No / Yes |
Earnings
| EPS (ttm) | -0.17 |
|---|---|
| EPS next Y | 0.00 |
| EPS next Q | -0.04 |
| EPS this Y | -62.50% |
| EPS next Y | 100.00% |
| EPS next 5Y | - |
| EPS past 3/5Y | -21.30% 15.98% |
| Sales past 3/5Y | -6.58% 16.66% |
| EPS Y/Y TTM | 39.68% |
| Sales Y/Y TTM | 13.08% |
| EPS Q/Q | -43.20% |
| Sales Q/Q | 16.50% |
| Earnings | Nov 12 AMC |
| EPS/Sales Surpr. | -57.14% -11.63% |
Ownership
| Insider Own | 30.03% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 17.53% |
| Inst Trans | 12.63% |
| ROA | -29.78% |
| ROE | -134.41% |
| ROIC | -50.01% |
| Gross Margin | 38.53% |
| Oper. Margin | -16.81% |
| Profit Margin | -21.73% |
| SMA20 | -5.68% |
| SMA50 | -18.06% |
| SMA200 | -39.16% |
| Trades | - |
Technical
| Shs Outstand | 26.31M |
|---|---|
| Shs Float | 18.41M |
| Short Float | 0.19% |
| Short Ratio | 0.39 |
| Short Interest | 0.03M |
| 52W High | 4.80 -77.08% |
| 52W Low | 1.02 7.83% |
| Volatility | 9.91% 9.85% |
| ATR (14) | 0.12 |
| RSI (14) | 39.69 |
| Beta | 1.83 |
| Rel Volume | 0.00 |
| Avg Volume | 89.89K |
| Volume | 0 |
Performance
| Perf Week | -1.79% |
|---|---|
| Perf Month | -21.43% |
| Perf Quarter | -25.68% |
| Perf Half Y | -16.67% |
| Perf YTD | -70.67% |
| Perf Year | -68.57% |
| Perf 3Y | -69.99% |
| Perf 5Y | -73.65% |
| Perf 10Y | -85.90% |
| Recom | 1.00 |
| Target Price | 15.00 |
| Prev Close | 1.10 |
| Price | 1.10 |
| Change % | 0.00% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| ARQ | Arq Inc | 126.38M |
| FTEK | Fuel Tech Inc | 42.77M |
| CLIR | ClearSign Technologies Corp | 16.00M |
| CECO | Ceco Environmental Corp | 3.38B |
| SCWO | 374Water Inc | 40.89M |
| LIQT | LiqTech International Inc | 9.92M |
| VLTO | Veralto Corp | 28.74B |
| BW | Babcock & Wilcox Enterprises Inc | 672.06M |
| ERII | Energy Recovery Inc | 374.63M |
| ZWS | Zurn Elkay Water Solutions Corp | 7.51B |
Insider trading
1 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| MacPherson Richard | President and CEO | Feb 27 '26 | Buy | 2.40 | 312,500 | 750,000 | 2,955,095 | Mar 02 08:39 AM |
Held by
AUMNews
latest 14 of 68- Birchtech Files Brief in Federal Circuit Supporting the $78 Million Patent Infringement Judgment Against CERT Defendants (GlobeNewswire)
- Birchtech Corp. to Host Third Quarter 2026 Earnings Call on November 12 at 5:00 p.m. Eastern Time (GlobeNewswire)
- Birchtech Appoints Charlie Cooper as Business Development Manager, Strengthening Its Commitment to Rural and Small Water Systems (GlobeNewswire)
- Birchtech to Participate in Upcoming Investor Conferences (GlobeNewswire) -5.17%
- Birchtech to Participate in Upcoming Investor Conferences (GlobeNewswire)
- Loading…
- Birchtech Announces Commencement of Share Repurchase Program (GlobeNewswire) +12.61%
- Birchtech Reaches Agreement in Principle for Strategic Acquisition of Specialty Activated Carbon Company (GlobeNewswire)
- Birchtech Corp (BCHT) (Q2 2026) Earnings Call Highlights: Patent Victory and Strategic ... (GuruFocus.com) -10.42%
- Birchtech Reports Second Quarter 2026 Financial Results (GlobeNewswire)
- Earnings To Watch: Birchtech Corp (BCHT) Q2 2026 -- GF Value Sees 119% Upside (GuruFocus.com) +8.03%
- Birchtech Announces Results of Voting from Annual Meeting of Stockholders (GlobeNewswire)
- Birchtech Corp. to Host Second Quarter 2026 Earnings Call on August 13 at 5:00 p.m. Eastern Time (GlobeNewswire)
- Birchtech Announces Promotion of Jim Trettel to Chief Operating Officer (GlobeNewswire)
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q3 | 2026-11-12 | - | -0.040 | - | - | 4.20 | 1 |
| 2026Q2 | 2026-08-13 | -0.110 | -0.070 | -0.110 | 3.80 | 4.30 | 1 |
| 2026Q1 | 2026-05-13 | -0.060 | -0.040 | -0.062 | 4.20 | 3.80 | 1 |
| 2025Q4 | 2026-03-31 | -0.030 | -0.060 | -0.031 | 3.80 | 3.60 | 1 |
| 2025Q3 | 2025-11-13 | 0.050 | -0.050 | 0.040 | 7.40 | 5.40 | 1 |
| 2026Q4 | - | - | -0.040 | - | - | 4.40 | 1 |
| 2027Q1 | - | - | -0.030 | - | - | 4.70 | 1 |
| 2027Q2 | - | - | 0.000 | - | - | 6.80 | 1 |
| 2027Q3 | - | - | 0.010 | - | - | 8.20 | 1 |
| 2027Q4 | - | - | 0.030 | - | - | 9.10 | 1 |
| 2028Q1 | - | - | -0.020 | - | - | 6.60 | 1 |
| 2028Q2 | - | - | 0.000 | - | - | 8.60 | 1 |
| 2028Q3 | - | - | 0.020 | - | - | 11.00 | 1 |
| 2028Q4 | - | - | 0.040 | - | - | 12.90 | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2023FY | 0.300 | - | 0.291 | 17.94 | - |
| 2025FY | -0.160 | -0.190 | -0.160 | 17.63 | 17.50 |
| 2026FY | - | -0.260 | - | - | 16.60 |
| 2027FY | - | 0.000 | - | - | 28.80 |
| 2028FY | - | 0.050 | - | - | 39.10 |
| 2029FY | - | 0.090 | - | - | 52.30 |
| 2030FY | - | 0.350 | - | - | 85.30 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-10-28 | 1 | 0 | 0 | 4.20 | 4.20 | 4.20 |
| 2026Q3 | S | 2026-08-14 | 1 | 0 | 1 | 4.20 | 4.20 | 4.20 |
| 2026Q3 | S | 2026-08-13 | 1 | 0 | 0 | 5.30 | 5.30 | 5.30 |
| 2026Q3 | S | 2026-06-15 | 1 | 0 | 0 | 5.30 | 5.30 | 5.30 |
| 2026Q3 | S | 2026-05-14 | 1 | 1 | 0 | 5.30 | 5.30 | 5.30 |
| 2026Q3 | S | 2026-04-01 | 1 | 1 | 0 | 5.30 | 5.30 | 5.30 |
| 2026Q3 | S | 2026-03-11 | 1 | 1 | 0 | 5.20 | 5.20 | 5.20 |
| 2026Q3 | S | 2026-01-28 | 1 | 0 | 0 | 4.90 | 4.90 | 4.90 |
| 2026Q3 | S | 2025-11-14 | 1 | 0 | 1 | 4.90 | 4.90 | 4.90 |
| 2026Q3 | S | 2025-11-11 | 1 | 0 | 0 | 5.50 | 5.50 | 5.50 |
| 2026Q3 | S | 2025-11-10 | 1 | 0 | 0 | 5.50 | 5.50 | 5.50 |
| 2026Q3 | S | 2025-11-09 | 1 | 0 | 0 | 5.50 | 5.50 | 5.50 |
| 2026Q3 | S | 2025-11-08 | 1 | 0 | 0 | 5.50 | 5.50 | 5.50 |
| 2026Q3 | S | 2025-11-07 | 1 | 0 | 0 | 5.50 | 5.50 | 5.50 |
Estimate history
| EPS, annual | -0.193 | -0.316 | -0.398 | -0.374 | -0.212 | -0.088 | 0.291 | -0.567 | -0.157 | -0.1668 |
|---|---|---|---|---|---|---|---|---|---|---|
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| EPS, quarterly | -0.326 | -0.024 | -0.084 | -0.087 | -0.08 | 0.04 | -0.031 | -0.062 | -0.115 | |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
| Sales, annual | 27.499 | 12.296 | 11.417 | 8.158 | 13.012 | 21.62 | 17.625 | 17.406 | 17.626 | 19.18 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
| Sales, quarterly | 3.361 | 5.237 | 5.251 | 3.221 | 3.254 | 7.362 | 3.79 | 4.24 | 3.791 | |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | |
| Shares, annual | 15.249 | 15.249 | 15.35 | 15.619 | 17.823 | 18.618 | 18.872 | 19.236 | 19.456 | 26.306 |
| Period | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ |
| Shares, quarterly | 19.211 | 19.236 | 19.236 | 19.246 | 19.373 | 19.373 | 19.456 | 26.306 | 26.306 | |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 19.18 | 17.63 | 17.41 | 17.63 | 21.62 | 13.01 | 8.16 | 11.42 | 12.30 |
| Cost of Goods Sold Incl. D&A | 11.79 | 10.41 | 10.31 | 12.17 | 14.60 | 7.94 | 5.44 | 8.34 | 9.15 |
| Gross Profit | 7.39 | 7.22 | 7.10 | 5.45 | 7.02 | 5.07 | 2.72 | 3.08 | 3.15 |
| Selling, General and Administrative Excl. Other | 10.62 | 10.20 | 14.22 | 14.21 | 6.12 | 5.93 | 5.94 | 6.43 | 5.89 |
| Research and Development | 1.86 | 1.62 | - | - | - | - | - | - | - |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -3.22 | -2.98 | -7.12 | -8.75 | 0.90 | -0.86 | -3.22 | -3.35 | -2.75 |
| Interest Expense | 0.01 | 0.01 | 0.27 | 1.36 | 1.57 | 2.82 | 2.66 | 2.39 | 2.00 |
| Unusual Expense | -0.18 | 0.04 | 4.00 | -16.18 | 0.80 | -0.07 | -0.02 | 0.37 | 0.04 |
| Net Income Before Taxes | -4.11 | -2.96 | -11.09 | 6.14 | -1.56 | -3.61 | -5.82 | -6.08 | -4.79 |
| Income Taxes | 0.06 | 0.07 | -0.29 | 0.47 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 |
| Consolidated Net Income | -4.17 | -3.03 | -10.80 | 5.67 | -1.58 | -3.63 | -5.83 | -6.10 | -4.82 |
| Net Income From Continuing Operations | -4.17 | -3.03 | -10.80 | 5.67 | -1.58 | -3.63 | -5.83 | -6.10 | -4.82 |
| Net Income | -4.17 | -3.03 | -10.80 | 5.67 | -1.58 | -3.63 | -5.83 | -6.10 | -4.82 |
| EPS (Recurring) | -0.16 | -0.16 | -0.42 | -0.29 | -0.06 | -0.21 | -0.38 | -0.38 | -0.31 |
| EPS (Basic, Before Extraordinaries) | -0.17 | -0.16 | -0.57 | 0.30 | -0.09 | -0.21 | -0.37 | -0.40 | -0.32 |
| EPS (Diluted) | -0.17 | -0.16 | -0.57 | 0.29 | -0.09 | -0.21 | -0.37 | -0.40 | -0.32 |
| EBITDA | -2.80 | -2.59 | -6.87 | -8.49 | 1.46 | -0.18 | -2.50 | -2.45 | -2.09 |
| Non-Operating Income (Expense) | -1.05 | 0.08 | 0.29 | 0.08 | -0.10 | 0.00 | 0.04 | 0.03 | 0.00 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.03 | 0.09 | 0.86 | 0.41 | 0.53 | 0.74 | 0.85 | 1.29 | 0.35 |
| Price To Sales Ratio | 2.81 | 4.11 | 2.79 | 5.08 | 1.10 | 3.89 | 6.06 | 1.27 | 1.49 |
| Gross Margin | 38.53 | 40.95 | 40.80 | 30.94 | 32.48 | 38.99 | 33.32 | 26.99 | 25.60 |
| Operating Margin | -16.81 | -16.91 | -40.88 | -49.67 | 4.18 | -6.62 | -39.44 | -29.32 | -22.34 |
| Net Margin | -21.73 | -17.17 | -62.06 | 32.16 | -7.31 | -27.92 | -71.41 | -53.41 | -39.17 |
| Shares Outstanding | 26.31 | 19.46 | 19.24 | 18.87 | 18.62 | 17.82 | 15.62 | 15.35 | 15.25 |
| Market Capitalization | 28.94 | 28.94 | 49.05 | 86.57 | 23.73 | 52.58 | 49.59 | 14.58 | 18.30 |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3.79 | 4.24 | 3.79 | 7.36 | 3.25 | 3.22 | 5.25 | 5.24 |
| Cost of Goods Sold Incl. D&A | 2.82 | 2.91 | 2.68 | 3.38 | 2.34 | 1.99 | 2.25 | 3.64 |
| Gross Profit | 0.97 | 1.33 | 1.11 | 3.98 | 0.92 | 1.23 | 3.00 | 1.59 |
| Selling, General and Administrative Excl. Other | 2.60 | 2.48 | 2.37 | 3.17 | 2.10 | 2.58 | 3.35 | 2.70 |
| Research and Development | 0.53 | 0.50 | 0.41 | 0.42 | 0.40 | 0.41 | - | - |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -1.62 | -1.15 | -1.26 | 0.81 | -1.19 | -1.34 | -0.35 | -1.11 |
| Interest Expense | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Unusual Expense | 0.26 | 0.25 | -0.72 | 0.04 | 0.38 | 0.35 | 1.33 | -0.28 |
| Net Income Before Taxes | -3.01 | -1.35 | -0.54 | 0.79 | -1.54 | -1.67 | -1.61 | -0.76 |
| Income Taxes | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.01 | 0.00 | -0.29 |
| Consolidated Net Income | -3.02 | -1.35 | -0.59 | 0.79 | -1.54 | -1.68 | -1.61 | -0.47 |
| Net Income From Continuing Operations | -3.02 | -1.35 | -0.59 | 0.79 | -1.54 | -1.68 | -1.61 | -0.47 |
| Net Income | -3.02 | -1.35 | -0.59 | 0.79 | -1.54 | -1.68 | -1.61 | -0.47 |
| EPS (Recurring) | -0.11 | -0.05 | -0.06 | 0.04 | -0.07 | -0.07 | -0.04 | -0.03 |
| EPS (Basic, Before Extraordinaries) | -0.11 | -0.06 | -0.03 | 0.04 | -0.08 | -0.09 | -0.08 | -0.02 |
| EPS (Diluted) | -0.11 | -0.06 | -0.03 | 0.04 | -0.08 | -0.09 | -0.08 | -0.02 |
| EBITDA | -1.51 | -1.04 | -1.16 | 0.92 | -1.08 | -1.27 | -0.29 | -1.04 |
| Non-Operating Income (Expense) | -1.13 | 0.05 | 0.02 | 0.02 | 0.02 | 0.03 | 0.08 | 0.07 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.05 | 0.04 | 0.11 |
| Price To Sales Ratio | 2.81 | 2.22 | 4.14 | 3.72 | 3.83 | 2.82 | 2.82 | 4.43 |
| Gross Margin | 25.71 | 31.31 | 29.33 | 54.03 | 28.14 | 38.32 | 57.18 | 30.45 |
| Operating Margin | -42.81 | -27.11 | -33.32 | 11.01 | -36.43 | -41.69 | -6.68 | -21.15 |
| Net Margin | -79.60 | -31.73 | -15.65 | 10.70 | -47.39 | -52.13 | -30.73 | -8.98 |
| Shares Outstanding | 26.31 | 26.31 | 19.46 | 19.37 | 19.37 | 19.25 | 19.24 | 19.24 |
| Market Capitalization | 28.94 | 49.48 | 72.96 | 70.23 | 65.38 | 48.11 | 49.05 | 71.96 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY | 2017FY |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 2.25 | 3.46 | 20.94 | 1.50 | 1.39 | 0.59 | 1.50 | 0.58 | 2.42 |
| Short Term Receivables | 2.10 | 1.82 | 3.08 | 2.78 | 1.06 | 1.12 | 1.22 | 1.64 | 2.93 |
| Inventories | 0.45 | 0.62 | 0.80 | 0.99 | 1.08 | 0.56 | 0.51 | 0.51 | 0.66 |
| Other Current Assets | 0.21 | 0.20 | 0.18 | 0.27 | 0.27 | 0.11 | 0.32 | 0.14 | 0.21 |
| Total Current Assets | 5.00 | 6.10 | 25.00 | 5.54 | 3.79 | 2.37 | 3.55 | 2.87 | 6.22 |
| Net Property, Plant & Equipment | 2.45 | 2.66 | 1.61 | 1.88 | 2.22 | 2.68 | 3.19 | 2.40 | 2.73 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 1.29 | 1.50 | 1.70 | 1.91 | 2.11 | 2.32 | 2.53 | 2.73 | 3.11 |
| Deferred Tax Assets | - | - | - | - | - | - | - | - | 0.00 |
| Other Assets | 0.49 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.03 | 0.00 |
| Total Assets | 9.24 | 10.26 | 28.31 | 9.34 | 8.13 | 7.38 | 9.27 | 8.04 | 12.06 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.05 | 0.04 | 0.01 | 0.04 | 12.49 | 0.47 | 1.43 | 0.06 | 4.02 |
| Accounts Payable | 3.61 | 1.70 | 1.56 | 2.95 | 2.27 | 1.61 | 1.68 | 1.86 | 1.80 |
| Income Tax Payable | 0.03 | 0.00 | 0.44 | - | - | - | - | - | - |
| Other Current Liabilities | 7.05 | 7.06 | 0.18 | 0.23 | 0.73 | 1.27 | 0.75 | 0.82 | 0.76 |
| Total Current Liabilities | 10.74 | 8.81 | 2.18 | 3.22 | 15.48 | 3.36 | 3.85 | 2.74 | 6.58 |
| Long Term Debt | 0.21 | 0.26 | 11.22 | 9.89 | 0.05 | 14.92 | 11.96 | 13.92 | 9.90 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 14.85 | 3.64 | 2.84 | 2.31 | 2.33 | 0.00 | 0.00 |
| Total Liabilities | 10.95 | 9.07 | 28.25 | 16.76 | 18.37 | 20.58 | 18.15 | 16.66 | 16.48 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | -1.71 | 1.19 | 0.06 | -7.42 | -10.24 | -13.20 | -8.87 | -8.62 | -4.42 |
| Total Shareholders Equity | -1.71 | 1.19 | 0.06 | -7.42 | -10.24 | -13.20 | -8.87 | -8.62 | -4.42 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | -1.71 | 1.19 | 0.06 | -7.42 | -10.24 | -13.20 | -8.87 | -8.62 | -4.42 |
| Total Liabilities & Stockholders Equity | 9.24 | 10.26 | 28.31 | 9.34 | 8.13 | 7.38 | 9.27 | 8.04 | 12.06 |
| Book Value Per Share | -0.09 | 0.06 | 0.00 | -0.40 | -0.57 | -0.85 | -0.58 | -0.57 | -0.29 |
| Tangible Book Value Per Share | -0.15 | -0.02 | -0.09 | -0.50 | -0.69 | -0.99 | -0.74 | -0.74 | -0.49 |
| Full-Time Employees | 20 | 15 | 11 | 11 | 11 | 11 | 11 | 13 | 17 |
| Price to Book Ratio | 3.55 | 41.16 | -8.78 | -2.33 | -5.13 | -3.76 | -1.64 | -2.12 | -7.19 |
| Return on Assets | -31.04 | -57.26 | 30.11 | -18.10 | -46.84 | -69.98 | -70.44 | -47.94 | -20.79 |
| Return on Equity | - | -5,282.67 | - | - | - | - | - | - | - |
| Return on Invested Capital | - | -742.23 | 50.25 | -63.83 | - | -340.23 | -197.27 | -90.93 | -53.02 |
| Quick Ratio | 0.42 | 0.62 | 11.08 | 1.41 | 0.18 | 0.54 | 0.79 | 0.86 | 0.85 |
| Current Ratio | 0.47 | 0.69 | 11.45 | 1.72 | 0.24 | 0.71 | 0.92 | 1.05 | 0.95 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY | 2020FY | 2019FY | 2018FY |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | -4.17 | -3.03 | -10.80 | 5.67 | -1.58 | -3.63 | -5.83 | -6.10 | -4.82 |
| Depreciation | 0.43 | 0.39 | 0.25 | 0.26 | 0.55 | 0.68 | 0.71 | 0.89 | 0.66 |
| Other Funds (Non Cash) | -0.17 | 0.13 | 5.28 | 13.21 | 2.99 | 3.67 | 3.75 | 4.04 | 1.46 |
| Funds from Operations | -3.91 | -2.51 | -5.28 | 19.13 | 1.96 | 0.72 | -1.37 | -1.16 | -2.70 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 0.20 | 1.81 | 1.17 | 0.09 | -1.89 | -0.51 | 0.13 | -0.42 | 1.63 |
| Income Taxes Payable | - | 0.03 | -0.44 | 0.44 | - | - | - | - | - |
| Cash from Operating Activities | -3.71 | -0.70 | -4.11 | 19.23 | 0.07 | 0.21 | -1.24 | -1.58 | -1.07 |
| Capital Expenditures | -0.14 | -0.03 | -0.81 | 0.00 | -0.01 | -0.01 | 0.00 | 0.00 | -0.13 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.03 | - |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -0.14 | -0.03 | -0.81 | 0.00 | -0.01 | -0.01 | 0.04 | 0.03 | -0.13 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 14.71 | 0.00 | 0.02 | 0.21 | 0.06 | 0.37 | 0.00 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 14.71 | 0.00 | 0.02 | 0.21 | 0.06 | 0.37 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 14.71 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | -12.59 | 0.00 | -0.00 | 0.23 | 0.29 | 2.46 | -0.64 |
| Change in Long Term Debt | 0.00 | 0.00 | -12.59 | 0.00 | -0.00 | 0.23 | 0.29 | 2.46 | -0.64 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.50 | 2.60 | 0.30 |
| Reduction of Long Term Debt | 0.00 | 0.00 | -12.59 | 0.00 | -0.00 | -0.07 | -0.21 | -0.14 | -0.94 |
| Net Financing Active Other Cash Flow | -0.48 | -0.48 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | -0.48 | -0.48 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 14.23 | -0.48 | -12.57 | 0.21 | 0.06 | 0.60 | 0.29 | 2.46 | -0.64 |
| Net Change in Cash | 10.38 | -1.21 | -17.48 | 19.44 | 0.12 | 0.80 | -0.91 | 0.91 | -1.83 |
| Free Cash Flow | -3.85 | -0.73 | -4.91 | 19.23 | 0.06 | 0.20 | -1.24 | -1.58 | -1.20 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Price to Free Cash Flow | - | - | - | 4.65 | 394.29 | 259.77 | - | - | - |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 11.84 | 14.75 | 2.25 | 1.77 | 1.45 | 3.19 |
| Short Term Receivables | 2.63 | 2.24 | 2.10 | 3.63 | 2.16 | 1.28 |
| Inventories | 0.46 | 0.59 | 0.45 | 0.50 | 0.83 | 0.59 |
| Other Current Assets | 0.83 | 0.17 | 0.21 | 0.13 | 0.13 | 0.14 |
| Total Current Assets | 15.75 | 17.75 | 5.00 | 6.03 | 4.57 | 5.20 |
| Net Property, Plant & Equipment | 2.46 | 2.40 | 2.45 | 2.55 | 2.60 | 2.65 |
| Total Investments and Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 1.19 | 1.24 | 1.29 | 1.35 | 1.40 | 1.45 |
| Other Assets | 0.01 | 0.01 | 0.49 | 0.21 | 0.01 | 0.01 |
| Total Assets | 19.41 | 21.40 | 9.24 | 10.14 | 8.57 | 9.30 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 |
| Accounts Payable | 3.43 | 2.63 | 3.61 | 3.19 | 2.45 | 2.01 |
| Income Tax Payable | 0.03 | 0.03 | 0.03 | - | - | 0.00 |
| Other Current Liabilities | 7.56 | 7.32 | 7.05 | 7.81 | 7.79 | 7.43 |
| Total Current Liabilities | 11.08 | 10.03 | 10.74 | 11.05 | 10.28 | 9.48 |
| Long Term Debt | 0.18 | 0.20 | 0.21 | 0.23 | 0.24 | 0.25 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 11.26 | 10.23 | 10.95 | 11.28 | 10.52 | 9.73 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Common Equity | 8.15 | 11.17 | -1.71 | -1.14 | -1.95 | -0.43 |
| Total Shareholders Equity | 8.15 | 11.17 | -1.71 | -1.14 | -1.95 | -0.43 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 8.15 | 11.17 | -1.71 | -1.14 | -1.95 | -0.43 |
| Total Liabilities & Stockholders Equity | 19.41 | 21.40 | 9.24 | 10.14 | 8.57 | 9.30 |
| Book Value Per Share | 0.31 | 0.42 | -0.09 | -0.06 | -0.10 | -0.02 |
| Tangible Book Value Per Share | 0.26 | 0.38 | -0.15 | -0.13 | -0.17 | -0.10 |
| Full-Time Employees | - | - | 20 | - | - | - |
| Price to Book Ratio | 3.55 | 4.48 | -42.55 | -61.51 | -33.54 | -112.71 |
| Return on Assets | -29.78 | -17.54 | -31.04 | -37.14 | -45.49 | -75.21 |
| Return on Equity | -134.41 | -50.13 | - | -1,048.08 | -3,740.36 | -253.49 |
| Return on Invested Capital | -36.20 | -11.84 | - | - | - | - |
| Quick Ratio | 1.38 | 1.71 | 0.42 | 0.50 | 0.36 | 0.49 |
| Current Ratio | 1.42 | 1.77 | 0.47 | 0.55 | 0.44 | 0.55 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | -3.02 | -1.35 | -0.59 | 0.79 | -1.54 | -1.68 |
| Depreciation | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.07 |
| Other Funds (Non Cash) | 0.25 | 0.24 | -0.71 | 0.05 | 0.39 | 0.40 |
| Funds from Operations | -2.66 | -1.00 | -1.20 | 0.94 | -1.05 | -1.21 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | -0.13 | -1.21 | 2.16 | -0.62 | -0.68 | 0.95 |
| Income Taxes Payable | - | - | 0.03 | - | - | - |
| Cash from Operating Activities | -2.79 | -2.21 | 0.96 | 0.32 | -1.73 | -0.25 |
| Capital Expenditures | -0.12 | 0.00 | -0.01 | -0.01 | -0.00 | -0.01 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -0.12 | 0.00 | -0.01 | -0.01 | -0.00 | -0.01 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 0.00 | 14.71 | 0.00 | 0.00 | 0.00 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 0.00 | 14.71 | 0.00 | 0.00 | 0.00 | 0.00 |
| Proceedsfrom Stock Options | 0.00 | 14.71 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | 0.00 | 0.00 | -0.48 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | 0.00 | 0.00 | -0.48 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 0.00 | 14.71 | -0.48 | 0.00 | 0.00 | 0.00 |
| Net Change in Cash | -2.91 | 12.50 | 0.48 | 0.31 | -1.73 | -0.27 |
| Free Cash Flow | -2.91 | -2.21 | 0.96 | 0.31 | -1.73 | -0.27 |
Revenue breakdown
| Demonstrations & Consulting revenue | 2024: 36.00K 2025: 93.19K |
|---|---|
| Equipment | 2024: 80.28K 2025: 140.75K |
| License revenue | 2024: 2.81M 2025: 3.16M |
| Product | 2024: 14.48M 2025: 14.23M |
| United States | 2024: 17.41M 2025: 17.63M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 0.19% | 0.0M | 18.4M | 89.39K |
| 2026-10-15 | 0.33% | 0.1M | 18.4M | 92.28K |
| 2026-09-30 | 0.17% | 0.0M | 19.8M | 75.69K |
| 2026-09-15 | 0.45% | 0.1M | 19.8M | 99.52K |
| 2026-08-31 | 0.41% | 0.1M | 19.8M | 112.48K |
| 2026-08-14 | 0.46% | 0.1M | 19.8M | 117.25K |
| 2026-07-31 | 0.49% | 0.1M | 19.8M | 149.67K |
| 2026-07-15 | 0.80% | 0.2M | 19.8M | 171.67K |
| 2026-06-30 | 0.67% | 0.1M | 19.8M | 180.17K |
| 2026-06-15 | 0.08% | 0.0M | 19.8M | 150.79K |
| 2026-05-29 | 0.07% | 0.0M | 19.8M | 144.90K |
| 2026-05-15 | 0.23% | 0.0M | 19.8M | 165.64K |
| 2026-04-30 | 0.20% | 0.0M | 19.7M | 130.72K |
| 2026-04-15 | 0.13% | 0.0M | 19.7M | 107.91K |
| 2026-03-31 | 0.02% | 0.0M | 17.9M | 103.04K |
| 2026-03-13 | 0.06% | 0.0M | 17.7M | 115.24K |
| 2026-02-27 | 0.23% | 0.0M | 13.2M | 97.48K |
| 2026-02-13 | 0.21% | 0.0M | 13.2M | 68.94K |
Option chain
expiry 2026-11-11| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| No option chain for this symbol. | ||||||||||
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-10-05 | SCHEDULE 13G | SEC | ||
| 2026-08-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-07-28 | 8-K | Current report | 2026-07-23 | SEC |
| 2026-06-24 | ARS | Annual report to security holders. | 2025-12-31 | SEC |
| 2026-06-24 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-07-23 | SEC |
| 2026-06-08 | PRE 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-07-23 | SEC |
| 2026-05-13 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-05-12 | 8-K/A | 2026-05-01 | SEC | |
| 2026-05-06 | 8-K | Current report | 2026-05-01 | SEC |
| 2026-05-06 | 3 | Initial statement of beneficial ownership of securities | 2026-05-01 | SEC |
| 2026-04-13 | 8-K | Current report | 2026-04-10 | SEC |
| 2026-03-31 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2026-03-17 | 8-K | Current report | 2026-03-17 | SEC |
| 2026-03-02 | 4 | Statement of changes in beneficial ownership of securities | 2026-02-27 | SEC |
| 2026-02-27 | 8-K | Current report | 2026-02-25 | SEC |
| 2026-02-27 | 424B4 | SEC | ||
| 2026-02-25 | CERT | SEC | ||
| 2026-02-17 | EFFECT | Effectiveness filing by commission order | SEC | |
| 2026-02-12 | CORRESP | SEC | ||
| 2026-02-12 | CORRESP | SEC | ||
| 2026-02-12 | CORRESP | SEC | ||
| 2026-02-12 | CORRESP | SEC | ||
| 2026-02-12 | S-1/A | SEC | ||
| 2026-02-11 | 8-A12B | SEC | ||
| 2026-02-09 | CORRESP | SEC | ||
| 2026-02-09 | CORRESP | SEC | ||
| 2026-02-03 | S-1/A | SEC | ||
| 2026-01-13 | S-1 | General form of registration statement for all companies including face-amount certificate companies | SEC | |
| 2026-01-05 | 8-K | Current report | 2025-12-29 | SEC |
| 2025-12-29 | 8-K | Current report | 2025-12-23 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 750.00K | 1 | 0 | 0 |
| 2026-01 | 0 | 0 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| HEARTLAND ADVISORS INC | 3.31% |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.74% |
| Ancora Advisors LLC | 2.66% |
| CHAPIN DAVIS, INC. | 2.57% |
| Aristides Capital LLC | 1.62% |
| WHITE PINE CAPITAL LLC | 1.22% |
| GEODE CAPITAL MANAGEMENT, LLC | 0.62% |
| VANGUARD FIDUCIARY TRUST CO | 0.39% |
| BlackRock, Inc. | 0.27% |
| ARS Investment Partners, LLC | 0.24% |
Funds
| Fund | % owned |
|---|---|
| Heartland Value Fund | 3.31% |
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 1.56% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.89% |
| Fidelity Extended Market Index Fund | 0.41% |
| iShares Micro-Cap ETF | 0.25% |
| Fidelity Series Total Market Index Fund | 0.08% |
| Fidelity Total Market Index Fund | 0.05% |
| 1290 VT Micro Cap Portfolio | 0.02% |
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