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Strong institutional accumulation: ownership increased +3.31% quarter-over-quarter.
Data as of Q1 2026
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How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Insufficient data. Current ROIC on all capital: 0%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
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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.
How a revenue dollar becomes profit — FY2026
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.8M 100.0% | $6.9M 100.0% | $11.3M 100.0% | $13.6M 100.0% | $8.5M 100.0% | $15.2M 100.0% | $9.6M 100.0% | $7.2M 100.0% | $7.6M 100.0% |
| Cost of Revenue | — | $3.0M 107.8% | $6.4M 92.2% | $10.1M 89.9% | $10.7M 78.5% | $7.0M 81.8% | $10.7M 70.1% | $7.1M 74.4% | $5.3M 73.5% | $5.3M 69.6% |
| Gross Profit | — | -$220K -7.8% | $542K 7.8% | $1.1M 10.1% | $2.9M 21.5% | $1.6M 18.2% | $4.5M 29.9% | $2.4M 25.6% | $1.9M 26.5% | $2.3M 30.4% |
| Research & Development | — | — | $76K 1.1% | $320K 2.8% | $470K 3.4% | $390K 4.6% | $521K 3.4% | $32K 0.3% | $320K 4.4% | $349K 4.6% |
| Selling, General & Admin | — | $2.9M 104.7% | $3.1M 45.5% | $4.8M 42.2% | $3.7M 26.9% | $3.1M 36.4% | $4.7M 30.6% | $6.0M 62.3% | $5.2M 72.2% | $2.2M 29.0% |
| Total Operating Expenses | — | $3.0M 105.3% | $3.5M 50.6% | $6.9M 60.9% | $4.9M 36.0% | $3.9M 46.0% | $5.9M 38.5% | $7.3M 75.9% | $6.2M 85.3% | $2.8M 37.4% |
| Operating Income | — | -$3.2M -113.1% | -$3.0M -42.7% | -$5.7M -50.7% | -$2.0M -14.5% | -$2.4M -27.7% | -$1.3M -8.6% | -$4.8M -50.3% | -$4.2M -58.8% | -$533K -7.0% |
| Interest Expense | — | — | — | — | $3K 0.0% | $17K 0.2% | — | $3K 0.0% | $41K 0.6% | $374K 4.9% |
| Other Income (Expense), net | — | $26K 0.9% | $42K 0.6% | $227K 2.0% | $641K 4.7% | $604K 7.1% | -$28K -0.2% | $77K 0.8% | -$677K -9.4% | -$2.7M -36.1% |
| Pretax Income | — | -$3.1M -112.2% | -$2.9M -42.1% | -$5.5M -48.7% | -$1.3M -9.8% | -$1.8M -20.7% | -$1.3M -8.8% | -$4.7M -49.5% | -$4.9M -68.2% | -$3.3M -43.2% |
| Net Income | $100K | -$3.1M -110.6% | -$2.9M -42.1% | -$5.5M -48.7% | -$1.3M -9.8% | -$1.8M -20.7% | -$1.3M -8.8% | -$4.7M -49.5% | -$4.9M -68.2% | -$3.3M -43.2% |
| Per Share | ||||||||||
| EPS (Basic) | — | $-4.22 | $-4.33 | $-0.84 | $-2.33 | — | — | — | — | — |
| EPS (Diluted) | — | $-4.22 | $-4.33 | $-0.84 | — | — | — | — | — | — |
| Weighted Avg Shares (Basic) | — | 745K | 673K | 7.1M | 1.6M | — | — | — | — | — |
| Weighted Avg Shares (Diluted) | — | 745K | 673K | 7.1M | — | — | — | — | — | — |
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.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
2/4 of the 9 checks — 5 couldn't be scored (see above), so the score is out of the 4 with data.
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 data unavailable. 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.
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.
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.
Top 11 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
No current price collected.
No standout strengths flagged.
No material risks flagged.
Is the profit real, and how strong is the balance sheet?
FY2026 · 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
Operating leverage needs meaningful revenue change.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 74.4 | 70.1 | 81.8 | 78.5 | 89.9 | 92.2 | 107.8 | — |
| Gross Profit | 25.6 | 29.9 | 18.2 | 21.5 | 10.1 | 7.8 | -7.8 | — |
| R&D | 0.3 | 3.4 | 4.6 | 3.4 | 2.8 | 1.1 | — | — |
| SG&A | 62.3 | 30.6 | 36.4 | 26.9 | 42.2 | 45.5 | 104.7 | — |
| Operating Income | -50.3 | -8.6 | -27.7 | -14.5 | -50.7 | -42.7 | -113.1 | — |
| Net Income | -49.5 | -8.8 | -20.7 | -9.8 | -48.7 | -42.1 | -110.6 | — |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BNCWW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.