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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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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.
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 -$7.1M 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 6 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: -32%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 6 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 2026-10-29
How a revenue dollar becomes profit — FY2025
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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $39.7M 100.0% | $32.5M 100.0% | $57.5M 100.0% | $105.4M 100.0% | $167.7M 100.0% | $140.1M 100.0% |
| Cost of Revenue | $37.1M 93.6% | $30.8M 94.8% | $55.5M 96.4% | $92.8M 88.0% | $150.4M 89.7% | $128.5M 91.7% |
| Gross Profit | $2.5M 6.4% | $1.7M 5.2% | $2.1M 3.6% | $12.6M 12.0% | $17.4M 10.3% | $11.6M 8.3% |
| Research & Development | $2.5M 6.4% | $1.7M 5.2% | $2.8M 4.8% | $2.5M 2.4% | $5.7M 3.4% | $2.8M 2.0% |
| Selling, General & Admin | $7.0M 17.6% | $7.6M 23.3% | $7.3M 12.8% | $7.6M 7.3% | $5.0M 3.0% | $3.1M 2.2% |
| Total Operating Expenses | $11.6M 29.3% | $11.2M 34.5% | $12.3M 21.4% | $12.2M 11.5% | $14.1M 8.4% | $8.1M 5.8% |
| Operating Income | -$9.1M -22.9% | -$9.5M -29.4% | -$10.3M -17.8% | $450K 0.4% | $3.2M 1.9% | $3.5M 2.5% |
| Interest Expense | $142K 0.4% | $65K 0.2% | $11K 0.0% | $68K 0.1% | $129K 0.1% | — |
| Other Income (Expense), net | -$1.2M -3.1% | -$637K -2.0% | -$531K -0.9% | -$11K -0.0% | $21K 0.0% | -$756K -0.5% |
| Pretax Income | -$10.3M -25.9% | -$10.2M -31.3% | -$10.8M -18.8% | $439K 0.4% | $3.2M 1.9% | $2.7M 1.9% |
| Income Tax Expense | $16K 0.0% | $23K 0.1% | $227K 0.4% | $327K 0.3% | -$57K -0.0% | -$127K -0.1% |
| Net Income | -$10.3M -26.0% | -$10.2M -31.4% | -$11.0M -19.1% | $112K 0.1% | $3.3M 2.0% | $2.8M 2.0% |
| Per Share | ||||||
| EPS (Basic) | -$4.38 | -$168.50 | -$196.59 | $0.17 | $0.30 | $0.27 |
| EPS (Diluted) | -$4.38 | -$168.50 | -$196.59 | $0.17 | $0.30 | $0.27 |
| Weighted Avg Shares (Basic) | 2.3M | 60K | 56K | 1.2M | 10.1M | 10.1M |
| Weighted Avg Shares (Diluted) | 2.3M | 60K | 56K | 1.2M | 10.1M | 10.1M |
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.
EOD close · as of 2026-10-29
Where each multiple sits in its own 4-yr range · 12th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 4-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE -147% against ROIC -32% — -116% 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 -169.1% — 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Cost of Revenue | 91.7 | 89.7 | 88.0 | 96.4 | 94.8 | 93.6 |
| Gross Profit | 8.3 | 10.3 | 12.0 | 3.6 | 5.2 | 6.4 |
| R&D | 2.0 | 3.4 | 2.4 | 4.8 | 5.2 | 6.4 |
| SG&A | 2.2 | 3.0 | 7.3 | 12.8 | 23.3 | 17.6 |
| Operating Income | 2.5 | 1.9 | 0.4 | -17.8 | -29.4 | -22.9 |
| Income Tax | -0.1 | -0.0 | 0.3 | 0.4 | 0.1 | 0.0 |
| Net Income | 2.0 | 2.0 | 0.1 | -19.1 | -31.4 | -26.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on OST: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
A reverse discounted cash flow is not shown for a company with no positive EBITDA.
No positive EBITDA in the recent record, so there is no return on capital to compare against its cost.
Classified from the filings: EBITDA negative in each of the last 2 years.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~0.6% on $25.6M of debt.
Cash of $5.1M is below short-term debt of $23.2M — relies on refinancing/operations.
Mostly short-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.
Ranked against 18 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VREX | $783M | — | — | 0.9× | 4.1% | 34.4% | -8.3% | -14.9% | -8.4% | — | 29 |
| DQ | $762M | — | — | 1.1× | -35.3% | -20.7% | -25.6% | -3.9% | -3.9% | — | 11 |
| AOSL | $749M | — | 72.3× | 1.1× | -2.5% | 22.3% | -6.2% | -5.3% | -5.3% | — | 39 |
| KE | $648M | 23.9× | 6.5× | 0.5× | -3.7% | 8.2% | 2.0% | 4.8% | 4.0% | 0.3× | 29 |
| CSIQ | $635M | — | 12.8× | 0.1× | -6.6% | 18.3% | -1.9% | -3.7% | -0.9% | 11.8× | 29 |
| MEI | $550M | — | 10.9× | 0.5× | -2.8% | 19.8% | -3.5% | -5.3% | -3.6% | 2.7× | 23 |
| JKS | $431M | — | — | 0.1× | -25.9% | 2.2% | -6.8% | -28.3% | -28.3% | — | 13 |
| INDI | $413M | — | — | 1.9× | 0.3% | 39.9% | -65.8% | -40.0% | -20.1% | — | 39 |
| NVEC | $397M | 26.1× | 24.1× | 15.1× | 1.8% | 78.7% | 57.7% | 26.1% | 26.1% | -0.1× | 23 |
| LAES | $353M | — | — | 19.4× | 66.2% | 47.3% | -187% | -7.4% | -7.4% | — | 18 |
| MRAM | $351M | — | — | 6.4× | 9.5% | 51.2% | -1.1% | -0.9% | -0.8% | — | 17 |
| MPTI | $300M | 26.3× | 24.5× | 5.5× | 11.0% | — | 15.5% | 13.4% | 13.4% | -1.8× | 18 |
| MX | $196M | — | — | 1.1× | -8.9% | 17.6% | -16.6% | -12.0% | -10.1% | — | 4 |
| VLN | $178M | — | — | 2.5× | 22.1% | 62.4% | -44.7% | -30.1% | -30.1% | — | — |
| QUIK | $169M | — | — | 12.3× | -29.9% | 22.0% | -108% | -65.9% | -58.2% | — | 16 |
| ESP | $169M | 14.3× | 13.9× | 3.7× | 4.9% | 35.3% | 24.2% | 18.5% | 18.5% | 0.0× | 15 |
| GSIT | $165M | — | — | 6.6× | 22.4% | 54.5% | -52.7% | -16.2% | -16.2% | — | 13 |
| ALMU | $155M | — | — | 34.8× | -4.4% | 35.2% | -205% | -16.1% | -16.1% | — | 15 |
| OST | $10M | — | — | 0.3× | 22.2% | 6.4% | -26.0% | -147% | -31.6% | — | — |
Peers = companies sharing OST's sector (Electronic Components, NEC) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
No positive operating income in the last three years, so there is no return on capital to compare against its cost.
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2020 | 8.3% | 2.5% | 2.0% |
| FY2021 | 10.3% | 1.9% | 2.0% |
| FY2022 | 12.0% | 0.4% | 0.1% |
| FY2023 | 3.6% | -17.8% | -19.1% |
| FY2024 | 5.2% | -29.4% | -31.4% |
| FY2025 | 6.4% | -22.9% | -26.0% |
No material counter-signal in the checked set: ROIC vs WACC spread, 5-year spread history, gross margin trend, operating margin trend, net margin against 3 years ago, revenue growth, ROIC ex-goodwill gap.
Missing from our data, so excluded from this answer: positive EBIT.
Converts 11.65x of reported profit into cash — adequate, without much margin.
Only 3 profitable years available, so the average is shorter than the five the threshold assumes.
Missing from our data, so excluded from this answer: share_based_compensation.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Balance sheet at 2025-09-30. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: ebitda.
No positive free cash flow to discount, so the price cannot be expressed as a growth requirement.
No material counter-signal in the checked set: reverse-DCF implied growth, historical FCF CAGR, per-year FCF growth distribution, reporting-basis breaks, discount rate used, free-cash-flow basis (stock comp charged?).
Missing from our data, so excluded from this answer: free_cash_flow.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$10M | −$10M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | $10M | $85,245 |
| Operating cash flow | $85,245 | $85,245 |
| Capex | −$7M | −$7M |
| Free cash flow | −$7M | −$7M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2021 | 19.8% | not reported | not reported |
| FY2022 | -37.2% | -75.5% | -38.3 points |
| FY2023 | -45.4% | 3.4% | 48.9 points |
| FY2024 | -43.6% | -39.6% | 4.0 points |
| FY2025 | 22.2% | -10.2% | -32.4 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2020 | not reported | not reported | not reported | not reported |
| FY2021 | 55.6 days | 45.4 days | 42.8 days | 58.2 days |
| FY2022 | 21.7 days | 60.7 days | 24.7 days | 57.7 days |
| FY2023 | 41.1 days | 94.9 days | 71.1 days | 65 days |
| FY2024 | 44.1 days | 131.8 days | 75.2 days | 100.6 days |
| FY2025 | 32.4 days | 62.4 days | 79.4 days | 15.4 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2020 | not reported |
| FY2021 | 27.6 percent |
| FY2022 | -16.8 percent |
| FY2023 | -14.9 percent |
| FY2024 | -10.3 percent |
| FY2025 | -19.5 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.