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Institutional accumulation: ownership increased +0.84% 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.
To be worth $0.39 today, the market must believe free cash flow compounds -4.6%/yr for a decade (off $4M normalized FCF).
2-stage DCF · 0.05B shares · net debt $12M
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.
Top 20 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
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.
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.
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.
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: -79%. 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.
EOD close · as of 2026-08-05
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Returns are margin-driven, not leverage-driven — higher quality.
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 | 83.3 | 79.4 | 89.9 | 95.4 |
| Gross Profit | 16.7 | 20.6 | 10.1 | 4.6 |
| SG&A | 32.1 | 17.6 | 119.4 | 11.2 |
| Operating Income | -17.8 | 0.9 | -144.0 | -6.9 |
| Income Tax | 0.1 | -0.1 | 7.2 | -1.2 |
| Net Income | -15.4 | 0.8 | -152.1 | -7.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SMXT: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.
EOD close · as of 2026-08-05 · 15d 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 | $91.0M 100.0% | $23.0M 100.0% | $54.1M 100.0% | $44.7M 100.0% |
| Cost of Revenue | $86.8M 95.4% | $20.7M 89.9% | $43.0M 79.4% | $37.2M 83.3% |
| Gross Profit | $4.2M 4.6% | $2.3M 10.1% | $11.1M 20.6% | $7.5M 16.7% |
| Selling, General & Admin | $10.2M 11.2% | $27.4M 119.4% | $9.5M 17.6% | $14.4M 32.1% |
| Total Operating Expenses | $10.5M 11.6% | $35.4M 154.1% | $10.7M 19.7% | $15.5M 34.6% |
| Operating Income | -$6.3M -6.9% | -$33.1M -144.0% | $484K 0.9% | -$8.0M -17.8% |
| Interest Expense | $1.4M 1.5% | $1.6M 6.8% | — | — |
| Interest & Investment Income | $539K 0.6% | $501K 2.2% | $69K 0.1% | $62K 0.1% |
| Other Income (Expense), net | -$1.2M -1.3% | -$195K -0.8% | -$113K -0.2% | $1.1M 2.5% |
| Pretax Income | -$7.5M -8.2% | -$33.3M -144.9% | $371K 0.7% | -$6.8M -15.3% |
| Income Tax Expense | -$1.1M -1.2% | $1.7M 7.2% | -$64K -0.1% | $41K 0.1% |
| Net Income | -$6.3M -7.0% | -$35.0M -152.1% | $435K 0.8% | -$6.9M -15.4% |
| Per Share | ||||
| EPS (Basic) | $-0.13 | $-0.79 | $0.01 | $-0.17 |
| EPS (Diluted) | $-0.13 | $-0.79 | $0.01 | $-0.17 |
| Weighted Avg Shares (Basic) | — | 44.3M | 39.7M | 39.7M |
| Weighted Avg Shares (Diluted) | 50.0M | 44.3M | 40.0M | 39.7M |
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.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $8M is below the $42M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2024-09-30 (10-Q).
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~6.8% on $20M of debt.
Cash of $8M is below short-term debt of $20M — relies on refinancing/operations.
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.