PicoCELA Inc ADR

PCLACommunication Services·Telecom Services·Japan·Micro·NASD·Nov 11 • 4:00 PM ET

6.37+0.22 (3.58%)

2026-11-12 09:25 CET

Market cap

61.24 USD m

Revenue, TTM

4.37 USD m

Net income, TTM

-18.89 USD m

Free cash flow, TTM

-3.10 USD m

EPS diluted, TTM

-7.62

P/E

Compare

Price

PCLA against its 20, 50 and 200-day averages

2050200

Patternshover a marker to name it

vs SPY

67.5% under the 52-week high of 19.61 on 10 Aug 2026. 52-week low 1.35 on 13 May 2026. Last 15 sessions, 113.1% high to low

Volume 0.15× normal · the line is the 50-bar volume average

Profile

PCLA

52-week range, 27% of the way up

1.3519.61

PicoCELA, Inc. engages in the manufacturing, installation, and services for enterprise wireless mesh solutions. It also offers wireless multi-hop relay devices. The company was founded by Hiroshi Furukawa on August 8, 2008 and is headquartered in Tokyo, Japan.

Employees	55
IPO	Jan 16, 2025
Beta	10.95
ATR, 14d	0.88
Rel volume	0.15
Short float	1.79%
Insider own	1.39%
Inst own	0.03%

Snapshot

6 groups

Valuation

Index	-
Market Cap	61.22M
Enterprise Value	60.52M
Income	-18.89M
Sales	4.37M
Book/sh	0.30
Cash/sh	0.12
Dividend Est.	-
Dividend TTM	-
Dividend Ex-Date	-
Dividend Gr. 3/5Y	- -
Payout	-
Employees	55
IPO	Jan 16, 2025

Ratios

P/E	-
Forward P/E	-
PEG	-
P/S	14.01
P/B	21.08
P/C	52.77
P/FCF	-
EV/EBITDA	-
EV/Sales	13.85
Quick Ratio	0.95
Current Ratio	1.76
Debt/Eq	0.37
LT Debt/Eq	0.00
Option/Short	No / Yes

Earnings

EPS (ttm)	-7.62
EPS next Y	-
EPS next Q	-
EPS this Y	-
EPS next Y	-
EPS next 5Y	-
EPS past 3/5Y	- -
Sales past 3/5Y	-12.90% -
EPS Y/Y TTM	-
Sales Y/Y TTM	-
EPS Q/Q	-7939.31%
Sales Q/Q	43.23%
Earnings	-
EPS/Sales Surpr.	- -

Ownership

Insider Own	1.39%
Insider Trans	0.00%
Inst Own	0.03%
Inst Trans	-7.21%
ROA	-371.06%
ROE	-889.56%
ROIC	-1502.98%
Gross Margin	54.33%
Oper. Margin	-432.32%
Profit Margin	-432.04%
SMA20	-4.87%
SMA50	-7.60%
SMA200	25.12%
Trades	-

Technical

Shs Outstand	9.61M
Shs Float	9.48M
Short Float	1.79%
Short Ratio	0.21
Short Interest	0.17M
52W High	19.61 -67.52%
52W Low	1.35 371.85%
Volatility	8.75% 11.22%
ATR (14)	0.88
RSI (14)	47.74
Beta	10.95
Rel Volume	0.15
Avg Volume	798.69K
Volume	116,735

Performance

Perf Week	-4.21%
Perf Month	4.43%
Perf Quarter	0.47%
Perf Half Y	303.16%
Perf YTD	-29.69%
Perf Year	-35.85%
Perf 3Y	-
Perf 5Y	-
Perf 10Y	-
Recom	-
Target Price	-
Prev Close	6.15
Price	6.37
Change %	3.58%

Peers

Mkt cap

Ticker	Company	Mkt cap
ELWT	Elauwit Connection Inc	23.83M
KVHI	KVH Industries Inc	132.85M
AIRG	Airgain Inc	50.87M
INSG	Inseego Corp	83.93M
CRNT	Ceragon Networks Ltd	229.05M
UI	Ubiquiti Inc	41.09B
AVNW	Aviat Networks Inc	212.30M
EXTR	Extreme Networks Inc	3.50B
NTGR	Netgear Inc	527.43M
CLFD	Clearfield Inc	415.53M

Ticker

Company

Mkt cap

ELWT

Elauwit Connection Inc

23.83M

KVHI

KVH Industries Inc

132.85M

AIRG

Airgain Inc

50.87M

INSG

Inseego Corp

83.93M

CRNT

Ceragon Networks Ltd

229.05M

Ubiquiti Inc

41.09B

AVNW

Aviat Networks Inc

212.30M

EXTR

Extreme Networks Inc

3.50B

NTGR

Netgear Inc

527.43M

CLFD

Clearfield Inc

415.53M

Key figures

Revenue, TTM	4.37
Net income, TTM	-18.89
EPS diluted, TTM	-7.62
EBIT, TTM	-18.91
Free cash flow, TTM	-3.10
Gross margin	54.33%
Operating margin	-432.32%
Net margin	-432.04%
Market cap	61.24
P/E	-
Sales Y/Y, TTM	-

USD millions. TTM from the statement feed.

Quarterly earnings

actual against estimate

Period	Reported	EPS act	EPS est	EPS rep	Sales act	Sales est	Analysts
No quarterly earnings.

Period

Reported

EPS act

EPS est

EPS rep

Sales act

Sales est

Analysts

No quarterly earnings.

Annual earnings

Period	EPS act	EPS est	EPS rep	Sales act	Sales est
No annual earnings.

Period

EPS act

EPS est

EPS rep

Sales act

Sales est

No annual earnings.

Estimate revisions

last 14 periods

Period	Type	Date	Estimates	Up	Down	Mean	Low	High
No estimate revisions.

Period

Type

Date

Estimates

Down

Mean

Low

High

No estimate revisions.

Estimate history

Period	2022	2023	2024	2025
EPS, annual	-0.053	-5.498	-8.946	-0.121
EPS, quarterly
Period
Sales, annual	5.517	3.992	5.258	3.646
Period	2022	2023	2024	2025
Sales, quarterly
Period
Shares, annual	0.823	0.823	0.764	34.618
Period	2022	2023	2024	2025
Shares, quarterly
Period

Income statement, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY	2023FY	2022FY
Total Revenue	4.37	3.65	5.26	3.99	5.52
Cost of Goods Sold Incl. D&A	2.00	1.70	2.42	2.07	1.98
Gross Profit	2.38	1.95	2.84	1.92	3.54
Selling, General and Administrative Excl. Other	21.28	5.97	5.83	6.41	3.67
Research and Development	0.12	0.18	0.33	0.54	0.33
Other Operating Expense	0.00	0.00	0.00	0.00	0.00
Operating Income	-18.91	-4.03	-3.00	-4.48	-0.13
Interest Expense	0.04	0.14	0.23	0.02	0.01
Unusual Expense	0.00	0.00	0.00	0.00	0.00
Net Income Before Taxes	-18.89	-4.19	-3.22	-4.52	-0.04
Income Taxes	0.00	0.00	0.00	0.00	0.00
Consolidated Net Income	-18.89	-4.19	-3.22	-4.52	-0.04
Net Income From Continuing Operations	-18.89	-4.19	-3.22	-4.52	-0.04
Net Income	-18.89	-4.19	-3.22	-4.52	-0.04
EPS (Recurring)	-7.62	-0.12	-8.95	-5.50	-0.05
EPS (Basic, Before Extraordinaries)	-	-	-8.95	-5.50	-0.05
EPS (Diluted)	-7.62	-0.12	-8.95	-5.50	-0.05
EBITDA	-18.72	-3.85	-2.86	-4.40	-0.06
Non-Operating Income (Expense)	0.05	-0.03	0.01	-0.01	0.10
Other After Tax Adjustments	0.00	0.00	0.00	0.00	0.00
Stock Option Compensation Expense	15.07	0.03	-	-	-
Price To Sales Ratio	1.35	126.20	-	-	-
Gross Margin	54.33	53.35	53.95	48.15	64.11
Operating Margin	-432.32	-110.42	-57.01	-112.33	-2.38
Net Margin	-432.04	-114.99	-61.18	-113.30	-0.76
Shares Outstanding	4.15	34.62	0.76	0.82	0.82
Market Capitalization	61.24	61.24	348.04	-	-

Income statement, quarterly

Currency USD, millions
Metric	2026S1	2025S2	2025S1
Total Revenue	2.38	2.00	1.66
Cost of Goods Sold Incl. D&A	1.00	1.00	0.71
Gross Profit	1.38	1.00	0.95
Selling, General and Administrative Excl. Other	18.15	3.13	2.86
Research and Development	0.04	0.08	0.10
Other Operating Expense	0.00	0.00	0.00
Operating Income	-16.78	-2.13	-1.91
Interest Expense	0.01	0.02	0.11
Unusual Expense	0.00	0.00	0.00
Net Income Before Taxes	-16.77	-2.12	-2.08
Income Taxes	0.00	0.00	0.00
Consolidated Net Income	-16.77	-2.12	-2.08
Net Income From Continuing Operations	-16.77	-2.12	-2.08
Net Income	-16.77	-2.12	-2.08
EPS (Recurring)	-6.77	-0.06	-0.08
EPS (Basic, Before Extraordinaries)	-6.77	-	-
EPS (Diluted)	-6.77	-0.06	-0.08
EBITDA	-16.69	-2.03	-1.83
Non-Operating Income (Expense)	0.02	0.03	-0.06
Stock Option Compensation Expense	15.07	0.00	0.03
Price To Sales Ratio	1.35	125.85	-
Gross Margin	57.97	49.99	57.24
Operating Margin	-705.94	-106.60	-114.83
Net Margin	-705.80	-106.15	-125.20
Shares Outstanding	4.15	34.62	24.68
Market Capitalization	61.24	328.05	422.09

Balance sheet, annual

Currency USD, millions
Metric	2025FY	2024FY	2023FY	2022FY
Cash & Short Term Investments	3.61	3.18	2.86	1.81
Short Term Receivables	0.73	1.53	1.97	1.87
Inventories	2.24	1.54	1.23	0.48
Other Current Assets	0.12	0.35	0.70	0.33
Total Current Assets	6.70	6.61	6.76	4.48
Net Property, Plant & Equipment	0.25	0.23	0.21	0.13
Total Investments and Advances	0.02	0.02	0.02	0.02
Long-Term Note Receivable	0.02	0.04	0.05	0.06
Intangible Assets	0.32	0.23	0.08	0.11
Other Assets	0.03	1.47	0.56	0.01
Total Assets	7.34	8.61	7.68	4.81
Short Term Debt Incl. Current Port. of LT Debt	1.82	1.57	1.50	0.70
Accounts Payable	0.24	0.04	0.04	0.03
Other Current Liabilities	1.08	1.42	0.91	0.68
Total Current Liabilities	3.14	3.03	2.45	1.42
Long Term Debt	0.08	2.31	0.19	0.06
Provision for Risks Charges	0.00	0.00	0.00	0.00
Other Liabilities	0.94	0.79	0.39	0.12
Total Liabilities	4.16	6.14	3.03	1.60
Non-Equity Reserves	0.00	0.00	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00	1.15	0.67
Common Equity	3.17	2.47	3.50	2.54
Total Shareholders Equity	3.17	2.47	4.65	3.22
Accumulated Minority Interest	0.00	0.00	0.00	0.00
Total Equity	3.17	2.47	4.65	3.22
Total Liabilities & Stockholders Equity	7.34	8.61	7.68	4.81
Book Value Per Share	0.09	3.24	4.25	3.09
Tangible Book Value Per Share	0.08	2.93	4.16	2.95
Full-Time Employees	55	55	59	44
Price to Book Ratio	21.08	116.28	-	-
Return on Assets	-52.58	-39.49	-72.38	-
Return on Equity	-148.52	-90.28	-114.96	-
Return on Invested Capital	-128.84	-67.21	-93.40	-1.28
Quick Ratio	1.42	1.67	2.26	2.82
Current Ratio	2.13	2.18	2.76	3.16

Cash flow, annual

Currency USD, millions
Metric	TTM	2025FY	2024FY	2023FY	2022FY
Net Income	-18.98	-4.19	-3.22	-4.52	-0.04
Depreciation	0.19	0.18	0.14	0.09	0.07
Other Funds (Non Cash)	15.14	0.10	0.07	0.07	0.07
Funds from Operations	-3.66	-3.92	-3.01	-4.37	0.10
Extraordinary Item	0.00	0.00	0.00	0.00	0.00
Changes in Working Capital	0.68	0.28	1.38	-0.91	-1.03
Cash from Operating Activities	-2.97	-3.64	-1.63	-5.28	-0.93
Capital Expenditures	-0.21	-0.31	-0.30	-0.15	-0.12
Net Assets From Acquisitions	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
Purchase or Sale of Investments	0.00	0.00	0.00	0.00	0.00
Purchase of Investments	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
Other Uses	0.00	0.00	0.00	0.00	0.00
Other Sources	0.00	0.00	0.00	0.00	0.00
Cash from Investing Activities	-0.21	-0.31	-0.30	-0.15	-0.12
Cash Dividends Paid	0.00	0.00	0.00	0.00	0.00
Change in Capital Stock	3.05	6.30	0.07	5.60	0.00
Repurchase of Common Pref Stock	0.00	0.00	0.00	0.00	0.00
Sale of Common Pref Stock	3.05	6.30	0.07	5.60	0.00
Proceedsfrom Stock Options	3.05	6.30	0.07	5.60	0.00
Issuance or Reduction of Debt, Net	-0.72	-1.83	2.04	1.01	-0.05
Change in Long Term Debt	-0.64	0.17	0.03	1.01	-0.05
Issuance of Long Term Debt	2.20	2.49	3.36	1.78	0.00
Reduction of Long Term Debt	-2.85	-2.32	-3.33	-0.78	-0.05
Net Financing Active Other Cash Flow	0.00	0.00	0.00	0.00	0.00
Other Financing Activities Uses	0.00	0.00	0.00	0.00	0.00
Cash from Financing Activities	2.33	4.47	2.12	6.60	-0.05
Net Change in Cash	-0.86	0.52	0.19	1.18	-1.11
Free Cash Flow	-3.10	-3.83	-1.75	-5.42	-0.96
Preferred Dividends (Cash Flow)	-	0.00	0.00	-	-
Deferred Taxes & Investment Tax Credit	-	0.00	0.00	0.00	0.00

Balance sheet, quarterly

Currency USD, millions
Metric	2026S1	2025S2	2025S1
Cash & Short Term Investments	1.16	3.61	2.17
Short Term Receivables	0.61	0.73	0.85
Inventories	1.65	2.24	1.71
Other Current Assets	0.14	0.12	0.10
Total Current Assets	3.56	6.70	4.83
Net Property, Plant & Equipment	0.14	0.25	0.25
Total Investments and Advances	0.02	0.02	0.02
Intangible Assets	0.31	0.32	0.28
Other Assets	0.03	0.03	0.71
Total Assets	4.07	7.34	6.11
Short Term Debt Incl. Current Port. of LT Debt	0.46	1.82	1.12
Accounts Payable	0.04	0.24	0.01
Other Current Liabilities	1.52	1.08	1.07
Total Current Liabilities	2.02	3.14	2.20
Long Term Debt	0.00	0.08	0.12
Other Liabilities	0.80	0.94	0.80
Total Liabilities	2.82	4.16	3.12
Non-Equity Reserves	0.00	0.00	0.00
Preferred Stock - Carrying Value	0.00	0.00	0.00
Common Equity	1.26	3.17	2.99
Total Shareholders Equity	1.26	3.17	2.99
Accumulated Minority Interest	0.00	0.00	0.00
Total Equity	1.26	3.17	2.99
Total Liabilities & Stockholders Equity	4.07	7.34	6.11
Book Value Per Share	0.30	0.09	0.12
Tangible Book Value Per Share	0.23	0.08	0.11
Price to Book Ratio	21.08	109.60	-
Return on Assets	-371.06	-	-
Return on Equity	-889.56	-	-
Return on Invested Capital	-1,334.39	-65.13	-66.83
Quick Ratio	0.95	1.42	1.42
Current Ratio	1.76	2.13	2.19

Cash flow, quarterly

Currency USD, millions
Metric	2026S1	2025S2	2025S1
Net Income	-16.77	-2.20	-2.08
Depreciation	0.08	0.10	0.08
Other Funds (Non Cash)	15.10	0.03	0.07
Funds from Operations	-1.59	-2.07	-1.93
Extraordinary Item	0.00	0.00	0.00
Changes in Working Capital	0.72	-0.04	0.32
Cash from Operating Activities	-0.87	-2.10	-1.61
Capital Expenditures	-0.03	-0.18	-0.14
Net Assets From Acquisitions	0.00	0.00	0.00
Sale of Fixed Assets and Businesses	0.00	0.00	0.00
Purchase or Sale of Investments	0.00	0.00	0.00
Purchase of Investments	0.00	0.00	0.00
Sale Or Maturity of Investments	0.00	0.00	0.00
Other Uses	0.00	0.00	0.00
Other Sources	0.00	0.00	0.00
Cash from Investing Activities	-0.03	-0.18	-0.14
Cash Dividends Paid	0.00	0.00	0.00
Preferred Dividends (Cash Flow)	0.00	0.00	0.00
Change in Capital Stock	-0.03	3.08	3.36
Repurchase of Common Pref Stock	0.00	0.00	0.00
Sale of Common Pref Stock	-0.03	3.08	3.36
Proceedsfrom Stock Options	-0.03	3.08	3.36
Issuance or Reduction of Debt, Net	-1.31	0.59	-2.46
Change in Long Term Debt	-1.31	0.67	-0.49
Issuance of Long Term Debt	0.50	1.70	0.84
Reduction of Long Term Debt	-1.81	-1.04	-1.33
Net Financing Active Other Cash Flow	0.00	0.00	0.00
Other Financing Activities Uses	0.00	0.00	0.00
Cash from Financing Activities	-1.34	3.67	0.90
Net Change in Cash	-2.25	1.39	-0.85
Free Cash Flow	-0.87	-2.23	-1.69

Revenue breakdown

Product	2024: 3.64M 2025: 1.73M
Product Related Party	2024: 532.29K 2025: 1.27M
SaaS Maintenance And Others Related Party	2025: 134.40K
SaaS Maintenance and Others	2024: 1.04M 2025: 519.70K
Japan	2024: 5.22M 2025: 3.65M

Short interest

shares short against float, oldest to newest

Settlement	Of float	Shares short	Float	Avg volume
2026-10-30	1.79%	0.2M	9.5M	874.98K
2026-10-15	0.58%	0.1M	9.5M	423.76K
2026-09-30	0.38%	0.0M	9.5M	506.37K
2026-09-15	2.30%	0.2M	9.5M	636.54K
2026-08-31	1.32%	0.1M	9.5M	439.34K
2026-08-14	1.08%	0.1M	9.5M	1.75M
2026-07-31	4.53%	0.4M	9.5M	1.66M
2026-07-15	2.13%	0.2M	9.5M	1.66M
2026-06-30	1.19%	0.1M	9.6M	1.55M
2026-06-15	0.39%	0.0M	9.6M	1.40M
2026-05-29	1.33%	0.1M	9.6M	1.41M
2026-05-15	0.09%	0.0M	9.5M	8.43K
2026-04-30	0.02%	0.0M	34.1M	10.25K
2026-04-15	0.03%	0.0M	34.1M	20.45K
2026-03-31	0.03%	0.0M	34.1M	43.37K
2026-03-13	0.02%	0.0M	34.1M	708.21K
2026-02-27	0.03%	0.0M	34.1M	694.45K
2026-02-13	0.04%	0.0M	34.1M	700.80K
2026-01-30	5.78%	0.0M	0.8M	698.77K
2026-01-15	8.26%	0.1M	0.8M	677.73K

Option chain

expiry 2026-11-12

Type	Strike	Bid	Ask	Last	IV	Open int	Volume	Delta	Theta	Vega
No option chain for this symbol.

Type

Strike

Bid

Ask

Last

Open int

Volume

Delta

Theta

Vega

No option chain for this symbol.

Latest SEC filings

Filed	Form	Description	Period	Link
2026-11-05	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-11-05	SEC
2026-10-05	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-10-02	SEC
2026-09-18	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-03-31	SEC
2026-07-28	SCHEDULE 13D			SEC
2026-07-27	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-07-27	SEC
2026-07-27	D	Notice of sales of securities on Form D (Regulation D)		SEC
2026-07-14	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-07-14	SEC
2026-07-14	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-07-14	SEC
2026-05-12	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-05-12	SEC
2026-04-15	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-04-15	SEC
2026-04-09	SCHEDULE 13G			SEC
2026-03-11	SCHEDULE 13G/A			SEC
2026-03-06	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-03-06	SEC
2026-02-13	20-F	Registration statement under Section 12 of the Securities Exchange Act of 1934 or an annual or transition report filed under Section 13(a) or 15(d) of the Exchange Act for a foreign private issuer.	2025-09-30	SEC
2026-02-11	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-02-11	SEC
2026-01-30	NT 20-F		2025-09-30	SEC
2026-01-20	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-01-20	SEC
2026-01-20	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-01-20	SEC
2026-01-13	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2026-01-13	SEC
2025-12-31	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-12-31	SEC
2025-12-12	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-12-12	SEC
2025-09-26	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-09-26	SEC
2025-08-29	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-08-29	SEC
2025-07-02	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-07-02	SEC
2025-06-04	SCHEDULE 13G			SEC
2025-05-28	6-K	Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16	2025-05-28	SEC
2025-05-27	424B4			SEC
2025-05-22	EFFECT	Effectiveness filing by commission order		SEC
2025-05-20	CORRESP			SEC
2025-05-20	CORRESP			SEC

Filed

Form

Description

Period

Link

2026-11-05

6-K

Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16

2026-11-05

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	0	0	0	0
2026-01	0	0	0	0
2025-12	0	0	0	0
2025-11	0	0	0	0

Manager	% owned
GAMMA Investing LLC	0.02%
UBS Group AG	0.01%
Steward Partners Investment Advisory, LLC	0.00%
BARCLAYS PLC	0.00%
Caitong International Asset Management Co., Ltd	0.00%