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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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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 $12.2M 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 10 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: -27%. 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.
EOD close · as of 2026-10-21
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $71.6M 100.0% | $12.8M 100.0% | $84.4M 100.0% | $17.9M 100.0% | $18.3M 100.0% | $12.9M 100.0% | $11.2M 100.0% | $8.9M 100.0% | $13.9M 100.0% | $11.3M 100.0% |
| Cost of Revenue | $88.7M 123.9% | $6.0M 46.5% | $115.3M 136.7% | $8.4M 46.9% | $9.2M 50.3% | $6.7M 51.9% | $4.5M 40.0% | $3.8M 42.9% | $7.2M 51.4% | $7.0M 62.0% |
| Gross Profit | — | $6.8M 53.5% | — | $9.5M 53.1% | $9.1M 49.7% | $6.2M 48.1% | $6.7M 60.0% | $5.1M 57.1% | $6.8M 48.6% | $4.3M 38.0% |
| Research & Development | — | $3.0M 23.7% | — | $3.9M 21.6% | $5.0M 27.5% | $3.6M 28.1% | $2.5M 22.7% | $2.5M 27.9% | $4.6M 33.0% | $5.8M 51.6% |
| Selling, General & Admin | $19.8M 27.7% | $10.0M 78.0% | $24.8M 29.4% | $8.8M 49.0% | $10.7M 58.5% | $11.0M 85.1% | $10.7M 95.3% | $7.7M 86.7% | $7.4M 53.2% | $11.7M 102.9% |
| Total Operating Expenses | $109.1M 152.4% | $20.2M 157.6% | $139.7M 165.6% | $20.0M 111.4% | $24.2M 132.3% | $21.8M 168.6% | $20.6M 183.0% | $18.4M 206.7% | $23.4M 168.2% | $31.3M 276.6% |
| Operating Income | -$37.5M -52.4% | -$13.3M -104.1% | -$55.3M -65.6% | -$10.5M -58.4% | -$15.1M -82.7% | -$15.6M -120.5% | -$13.8M -123.0% | -$13.3M -149.6% | -$16.6M -119.6% | -$27.0M -238.5% |
| Interest Expense | — | $309K 2.4% | — | $269K 1.5% | $302K 1.7% | $156K 1.2% | $113K 1.0% | $139K 1.6% | $384K 2.8% | $600K 5.3% |
| Other Income (Expense), net | -$8K -0.0% | $1.6M 12.7% | $0 0.0% | -$870K -4.9% | -$86K -0.5% | $476K 3.7% | $4.1M 36.1% | -$2.5M -28.5% | $4.5M 32.4% | $38K 0.3% |
| Pretax Income | -$49.3M -68.9% | -$11.7M -91.4% | -$72.7M -86.2% | -$11.3M -63.2% | -$15.2M -83.1% | -$15.1M -116.8% | -$9.8M -86.8% | -$15.8M -178.2% | -$12.1M -87.2% | -$27.0M -238.2% |
| Income Tax Expense | $0 0.0% | $0 0.0% | $0 0.0% | — | — | — | — | — | — | — |
| Net Income | -$50.3M -70.3% | -$11.7M -91.4% | -$11.7M -13.9% | -$11.3M -63.2% | -$15.2M -83.1% | -$15.1M -116.8% | -$9.8M -86.8% | -$15.8M -178.2% | -$12.1M -87.2% | -$27.0M -238.2% |
| Per Share | ||||||||||
| EPS (Basic) | -$0.36 | -$4.91 | -$0.53 | -$8.43 | -$1.10 | -$1.16 | -$0.80 | -$2.21 | -$2.53 | -$0.44 |
| EPS (Diluted) | -$0.36 | -$4.91 | -$0.53 | -$8.43 | -$1.10 | -$1.16 | -$0.88 | -$2.21 | -$2.53 | -$0.44 |
| Weighted Avg Shares (Basic) | 138.7M | 2.4M | 138.2M | 1.3M | 13.9M | 13.0M | 12.2M | 7.2M | 4.8M | 61.2M |
| Weighted Avg Shares (Diluted) | 138.7M | — | 138.2M | 20.2M | 13.9M | 13.0M | 12.3M | 7.2M | 4.8M | 61.2M |
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.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 1 positive fiscal year (FY2026). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $16.62 today, the market must believe free cash flow compounds 39.9%/yr for a decade (off $12.2M on the 3-yr avg basis).
On the basis ($10.9M) the requirement is 41.6%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
Default is the published 10.0% — this company's own cost of capital could not be computed.
2-stage DCF · 0.15B shares (market data) · net debt -$5.8M
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.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $9.7M (at 2026-05-31) covers all $2.8M of scheduled principal — no refinancing pressure. Scheduled principal only (excludes interest & revolver draws). As of 2019-09-30 (10-Q). The cash figure is from 2026-05-31, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Interest last disclosed in FY2025 (no longer broken out).
Cash of $9.7M fully covers short-term debt of $3.4M.
Mostly short-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-21
Where each multiple sits in its own 14-yr range · 90th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE -28% against ROIC -27% — -1% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -53.2% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 42.9 | 40.0 | 51.9 | 50.3 | 46.9 | 136.7 | 46.5 | 123.9 |
| Gross Profit | 57.1 | 60.0 | 48.1 | 49.7 | 53.1 | — | 53.5 | — |
| R&D | 27.9 | 22.7 | 28.1 | 27.5 | 21.6 | — | 23.7 | — |
| SG&A | 86.7 | 95.3 | 85.1 | 58.5 | 49.0 | 29.4 | 78.0 | 27.7 |
| Operating Income | -149.6 | -123.0 | -120.5 | -82.7 | -58.4 | -65.6 | -104.1 | -52.4 |
| Income Tax | — | — | — | — | — | 0.0 | 0.0 | 0.0 |
| Net Income | -178.2 | -86.8 | -116.8 | -83.1 | -63.2 | -13.9 | -91.4 | -70.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CHRN: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cash conversion and accruals. The full answer — share-based compensation, the cash conversion waterfall, working-capital trend — is still being built, so this block states what it measures rather than issuing a verdict.
One year is not a trend. The spec asks for a 3- and 5-year average of FCF/net income precisely because a single year turns on working-capital timing, and that arrives with the full Q2 block.