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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.
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 5 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: -251%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 5 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
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.
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 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Revenue | $14.6M 100.0% | $33.9M 100.0% | $27.6M 100.0% | $21.9M 100.0% | $14.4M 100.0% |
| Cost of Revenue | $17.3M 118.4% | $35.2M 103.9% | $22.5M 81.5% | $18.4M 84.0% | $11.8M 81.7% |
| Gross Profit | -$2.7M -18.4% | -$1.3M -3.9% | $5.1M 18.5% | $3.5M 16.0% | $2.6M 18.3% |
| Selling, General & Admin | $2.8M 19.0% | $4.0M 12.0% | $1.8M 6.7% | $856K 3.9% | $513K 3.6% |
| Total Operating Expenses | $2.8M 19.0% | $4.0M 12.0% | $1.8M 6.7% | $856K 3.9% | $513K 3.6% |
| Operating Income | -$5.5M -37.4% | -$5.4M -15.8% | $3.2M 11.8% | $2.6M 12.1% | $2.1M 14.7% |
| Interest Expense | $347K 2.4% | $509K 1.5% | $286K 1.0% | $180K 0.8% | $75K 0.5% |
| Other Income (Expense), net | -$277K -1.9% | -$456K -1.3% | -$271K -1.0% | $617K 2.8% | $4K 0.0% |
| Pretax Income | -$5.7M -39.3% | -$5.8M -17.2% | $3.0M 10.8% | $3.3M 14.9% | $2.1M 14.7% |
| Income Tax Expense | $14K 0.1% | -$80K -0.2% | $649K 2.4% | $469K 2.1% | $317K 2.2% |
| Net Income | -$5.8M -39.4% | -$5.7M -16.9% | $2.3M 8.4% | $2.8M 12.7% | $1.8M 12.5% |
| Per Share | |||||
| EPS (Basic) | -$0.44 | -$0.48 | $0.21 | $0.25 | $0.22 |
| EPS (Diluted) | -$0.44 | -$0.48 | $0.21 | $0.25 | $0.22 |
| Weighted Avg Shares (Basic) | 13.0M | 11.8M | 11.3M | 11.3M | 8.1M |
| Weighted Avg Shares (Diluted) | 13.0M | 11.8M | 11.3M | 11.3M | 8.1M |
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 2026-10-21
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 121% against ROIC -251% — 372% of the return on equity comes from leverage and buybacks rather than from the operating business.
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 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Cost of Revenue | 81.7 | 84.0 | 81.5 | 103.9 | 118.4 |
| Gross Profit | 18.3 | 16.0 | 18.5 | -3.9 | -18.4 |
| SG&A | 3.6 | 3.9 | 6.7 | 12.0 | 19.0 |
| Operating Income | 14.7 | 12.1 | 11.8 | -15.8 | -37.4 |
| Income Tax | 2.2 | 2.1 | 2.4 | -0.2 | 0.1 |
| Net Income | 12.5 | 12.7 | 8.4 | -16.9 | -39.4 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on PMA: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 1 positive fiscal year (FY2024). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $1.31 today, the market must believe free cash flow compounds 37.3%/yr for a decade (off $1.3M on the 3-yr avg basis).
Default is the published 10.0% — this company's own cost of capital could not be computed.
2-stage DCF · 0.16B shares (market data) · net debt $5.4M
mean -320.2% · volatility σ 549% · implied rate exceeded in 1/2 yrs
Central path = implied 37.3%/yr growth; shaded band = ±1σ (549%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
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 $1.6M covers the $0 due within a year 1647804.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2026-03-31 (20-F).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.9% on $7.1M of debt.
Cash of $1.6M is below short-term debt of $2.4M — 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.