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Institutional ownership roughly stable: -0.01% 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.
This company doesn't have positive free cash flow, so a reverse DCF can't be run.
EOD close · as of 2026-07-27 · 51d old
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $3.0M 100.0% | $2.0M 100.0% | $3.7M 100.0% | $3.2M 100.0% |
| Cost of Revenue | $2.8M 93.8% | $1.8M 91.7% | $3.0M 81.6% | $2.1M 67.7% |
| Gross Profit | $188K 6.2% | $166K 8.3% | $674K 18.4% | $1.0M 32.3% |
| Research & Development | $999K 33.0% | $706K 35.3% | $780K 21.3% | $721K 22.9% |
| Selling, General & Admin | $1.6M 52.5% | $2.1M 102.7% | $1.5M 40.6% | $959K 30.4% |
| Total Operating Expenses | $2.9M 94.3% | $3.0M 149.6% | $2.5M 68.5% | $1.9M 60.9% |
| Operating Income | -$2.7M -88.0% | -$2.8M -141.3% | -$1.8M -50.1% | -$900K -28.5% |
| Interest Expense | $549K 18.1% | $398K 19.9% | $244K 6.7% | $390K 12.4% |
| Other Income (Expense), net | -$483K -15.9% | -$333K -16.7% | -$228K -6.2% | -$317K -10.0% |
| Pretax Income | -$3.2M -104.0% | -$3.2M -157.9% | -$2.1M -56.3% | -$1.2M -38.6% |
| Net Income | -$3.2M -104.0% | -$3.2M -157.9% | -$2.1M -56.3% | -$1.2M -38.6% |
| Per Share | ||||
| EPS (Basic) | $-0.66 | $-4.50 | $-3.33 | $-0.09 |
| EPS (Diluted) | $-0.66 | $-4.50 | $-3.33 | $-0.09 |
| Weighted Avg Shares (Basic) | 3.9M | 560K | 478K | 14.8M |
| Weighted Avg Shares (Diluted) | 3.9M | 560K | 478K | 14.8M |
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.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
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 -$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 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: -28%. 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.
Cash of $24084 is below the $56381 due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2025-12-31 (20-F).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~9.7% on $6M of debt.
Cash of $24084 is below short-term debt of $3M — relies on refinancing/operations.
Mostly long-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.
EOD close · as of 2026-07-27
No standout strengths flagged.
Is the profit real, and how strong is the balance sheet?
FY2025 · 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Cost of Revenue | 67.7 | 81.6 | 91.7 | 93.8 |
| Gross Profit | 32.3 | 18.4 | 8.3 | 6.2 |
| R&D | 22.9 | 21.3 | 35.3 | 33.0 |
| SG&A | 30.4 | 40.6 | 102.7 | 52.5 |
| Operating Income | -28.5 | -50.1 | -141.3 | -88.0 |
| Net Income | -38.6 | -56.3 | -157.9 | -104.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on MKDWW: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
Top 13 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